NasdaqGM:AFH

Stock Analysis Report

Atlas Financial Holdings

Executive Summary

Atlas Financial Holdings, Inc., through its subsidiaries, engages in underwriting commercial automobile insurance policies in the United States.

Snowflake

Fundamentals

Moderate growth potential and overvalued.

Risks

  • Atlas Financial Holdings has significant price volatility in the past 3 months.
  • Atlas Financial Holdings's last earnings update was 201 days ago.
  • Atlas Financial Holdings is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has Atlas Financial Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-6.3%

AFH

0.4%

US Insurance

-0.6%

US Market


1 Year Return

-96.0%

AFH

7.6%

US Insurance

0.6%

US Market

AFH underperformed the Insurance industry which returned 8.2% over the past year.

AFH underperformed the Market in United States of America which returned 1.1% over the past year.


Share holder returns

AFHIndustryMarket
7 Day-6.3%0.4%-0.6%
30 Day0.4%2.8%2.2%
90 Day-48.8%1.4%1.1%
1 Year-96.0%-96.0%10.3%7.6%2.9%0.6%
3 Year-97.5%-97.5%46.6%35.3%44.6%35.2%
5 Year-97.1%-97.1%71.3%50.8%61.9%44.2%

Price Volatility Vs. Market

How volatile is Atlas Financial Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

6 months ago | Simply Wall St

Is Atlas Financial Holdings, Inc.'s (NASDAQ:AFH) CEO Paid Enough Relative To Peers?

Valuation

Is Atlas Financial Holdings undervalued based on future cash flows and its price relative to the stock market?

0.1x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Atlas Financial Holdings to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Atlas Financial Holdings to establish if it is available at substantial discount.


Price Based on Earnings

Atlas Financial Holdings is loss making, we can't compare its value to the US Insurance industry average.

Atlas Financial Holdings is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Atlas Financial Holdings, we can't assess if its growth is good value.


Price Based on Value of Assets

Atlas Financial Holdings is good value based on assets compared to the US Insurance industry average.


Next Steps

Future Growth

How is Atlas Financial Holdings expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

150.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Atlas Financial Holdings's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

Atlas Financial Holdings's earnings are expected to grow significantly at over 20% yearly.

Atlas Financial Holdings's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Atlas Financial Holdings's earnings growth is expected to exceed the United States of America market average.

Atlas Financial Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Atlas Financial Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Atlas Financial Holdings performed over the past 5 years?

-61.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Atlas Financial Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Atlas Financial Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Atlas Financial Holdings's 1-year growth to the US Insurance industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Atlas Financial Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Atlas Financial Holdings has efficiently used its assets last year compared to the US Insurance industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Atlas Financial Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Atlas Financial Holdings's financial position?


Financial Position Analysis

Atlas Financial Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Atlas Financial Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Atlas Financial Holdings's level of debt (49.7%) compared to net worth is high (greater than 40%).

Unable to establish if Atlas Financial Holdings's debt level has increased without past 5-year debt data.

Operating cash flow is negative therefore debt is not well covered.

Unable to confirm if the interest payments on Atlas Financial Holdings's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 9.7x debt.


Next Steps

Dividend

What is Atlas Financial Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Atlas Financial Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Atlas Financial Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Atlas Financial Holdings has not reported any payouts.

Unable to verify if Atlas Financial Holdings's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Atlas Financial Holdings has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Atlas Financial Holdings's salary, the management and board of directors tenure and is there insider trading?

8.8yrs

Average management tenure


CEO

Scott Wollney (50yo)

8.8yrs

Tenure

US$582,711

Compensation

Mr. Scott David Wollney has been the Chief Executive Officer and President of Atlas Financial Holdings, Inc. since December 31, 2010. Mr. Wollney served as Chief Executive Officer and President of Kingsway ...


CEO Compensation Analysis

Insufficient data for Scott to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.

Scott's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

8.8yrs

Average Tenure

55yo

Average Age

The average tenure for the Atlas Financial Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

7.5yrs

Average Tenure

50.5yo

Average Age

The tenure for the Atlas Financial Holdings board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Scott Wollney (50yo)

    CEO, President & Director

    • Tenure: 8.8yrs
    • Compensation: US$582.71k
  • Leslie DiMaggio (50yo)

    Vice President of Operations & IT

    • Tenure: 8.8yrs
    • Compensation: US$253.35k
  • Adam Prior

    Senior Vice President

    • Tenure: 7.7yrs
  • Paul Romano (57yo)

    VP & CFO

    • Tenure: 8.8yrs
    • Compensation: US$286.64k
  • Bruce Giles (60yo)

    Vice President of Underwriting

    • Tenure: 8.8yrs
  • Joe Shugrue (55yo)

    Vice President of Claims

    • Tenure: 8.8yrs

Board Members

  • Ron Konezny (51yo)

    Independent Director

    • Tenure: 1.2yrs
  • Gordon Pratt (57yo)

    Independent Chairman of the Board

    • Tenure: 8.8yrs
    • Compensation: US$175.01k
  • Jordan Kupinsky (46yo)

    Director

    • Tenure: 9.8yrs
    • Compensation: US$165.01k
  • JT Fitzgerald (48yo)

    Director

    • Tenure: 6.3yrs
    • Compensation: US$55.00k
  • Scott Wollney (50yo)

    CEO, President & Director

    • Tenure: 8.8yrs
    • Compensation: US$582.71k
  • Wally Walker (64yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: US$30.25k

Company Information

Atlas Financial Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Atlas Financial Holdings, Inc.
  • Ticker: AFH
  • Exchange: NasdaqGM
  • Founded:
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: US$4.922m
  • Shares outstanding: 11.94m
  • Website: https://www.atlas-fin.com

Number of Employees


Location

  • Atlas Financial Holdings, Inc.
  • 953 American Lane
  • 3rd Floor
  • Schaumburg
  • Illinois
  • 60173
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AFHNasdaqGM (Nasdaq Global Market)YesOrdinary Voting Common SharesUSUSDJan 2011
AFHB.LNasdaqGM (Nasdaq Global Market)6.625 SR NT 22USUSDMay 2017

Biography

Atlas Financial Holdings, Inc., through its subsidiaries, engages in underwriting commercial automobile insurance policies in the United States. Its automobile insurance products provide insurance coverage ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/21 00:13
End of Day Share Price2019/09/20 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.