Atlas Financial Holdings, Inc., through its subsidiaries, engages in underwriting commercial automobile insurance policies in the United States.
Overvalued with weak fundamentals.
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
Stable Share Price: AFH's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: AFH underperformed the US Insurance industry which returned -26.3% over the past year.
Return vs Market: AFH underperformed the US Market which returned -15.9% over the past year.
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
1 year ago | Simply Wall StIs Atlas Financial Holdings, Inc.'s (NASDAQ:AFH) CEO Paid Enough Relative To Peers?
1 year ago | Simply Wall StWhat Kind Of Share Price Volatility Should You Expect For Atlas Financial Holdings, Inc. (NASDAQ:AFH)?
1 year ago | Simply Wall StDo Insiders Own Lots Of Shares In Atlas Financial Holdings, Inc. (NASDAQ:AFH)?
Is Atlas Financial Holdings undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate AFH's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate AFH's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: AFH is unprofitable, so we can't compare its PE Ratio to the Insurance industry average.
PE vs Market: AFH is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AFH's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AFH is good value based on its PB Ratio (0.6x) compared to the US Insurance industry average (0.8x).
How is Atlas Financial Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Insurance industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Atlas Financial Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Take a look at our analysis of AFH’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Explore growth companies in the Insurance industry.
How has Atlas Financial Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AFH is currently unprofitable.
Growing Profit Margin: AFH is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AFH is unprofitable, and losses have increased over the past 5 years at a rate of -74.8% per year.
Accelerating Growth: Unable to compare AFH's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AFH is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (43.7%).
Return on Equity
High ROE: AFH has a negative Return on Equity (-1569.31%), as it is currently unprofitable.
How is Atlas Financial Holdings's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: AFH has a low level of unsold assets or inventory.
Debt Coverage by Assets: AFH's debt is covered by short term assets (assets are 12x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if AFH has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if AFH has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Financial Institutions Analysis
Asset Level: AFH's level of assets compared to its equity is very high.
Allowance for Bad Loans: Insufficient data to determine if AFH has a sufficient allowance for bad loans.
Low Risk Liabilities: AFH reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if AFH has an acceptable proportion of non-loan assets held.
Low Risk Deposits: AFH has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if AFH has an appropriate level of bad loans.
What is Atlas Financial Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AFH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate AFH's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AFH's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AFH's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AFH's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Scott Wollney (50yo)
Mr. Scott David Wollney is the Chief Executive Officer, President and Director at American Country Insurance Company and American Service Insurance Company, Inc. Mr. Wollney has been the Chief Executive Of ...
CEO Compensation Analysis
Compensation vs Market: Scott's total compensation ($USD609.32K) is about average for companies of similar size in the US market ($USD626.05K).
Compensation vs Earnings: Scott's compensation has increased whilst the company is unprofitable.
|CEO, President & Director||9.33yrs||US$609.32k||2.97% $111.6k|
|VP, CFO & Principal Accounting Officer||9.33yrs||US$290.88k||0.81% $30.4k|
|Chief Operating Officer||0.33yr||no data||0.76% $28.6k|
|Senior Vice President of Equity Group Inc.||8.25yrs||no data||no data|
|Vice President of Underwriting||no data||no data||0.73% $27.3k|
Experienced Management: AFH's management team is seasoned and experienced (8.8 years average tenure).
|CEO, President & Director||9.33yrs||US$609.32k||2.97% $111.6k|
|Independent Director||1.75yrs||US$26.01k||no data|
|Independent Chairman of the Board||9.33yrs||US$228.51k||no data|
|Independent Director||10.33yrs||US$220.51k||0.48% $18.2k|
|Independent Director||6.92yrs||US$69.00k||0.54% $20.2k|
|Independent Director||7.25yrs||US$65.50k||0.46% $17.3k|
Experienced Board: AFH's board of directors are considered experienced (8.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Atlas Financial Holdings, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Atlas Financial Holdings, Inc.
- Ticker: AFH
- Exchange: NasdaqCM
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: US$3.758m
- Shares outstanding: 11.94m
- Website: https://www.atlas-fin.com
Number of Employees
- Atlas Financial Holdings, Inc.
- 953 American Lane
- 3rd Floor
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AFH||NasdaqCM (Nasdaq Capital Market)||Yes||Ordinary Voting Common Shares||US||USD||Jan 2011|
|AFHB.L||OTCPK (Pink Sheets LLC)||6.625 SR NT 22||US||USD||May 2017|
Atlas Financial Holdings, Inc., through its subsidiaries, engages in underwriting commercial automobile insurance policies in the United States. The company’s automobile insurance products provide insurance coverage in three primary areas, including liability, accident benefits, and physical damage. It focuses on the light commercial automobile sector, including taxi cabs, non-emergency para-transit, limousine, livery, and business autos. The company distributes its insurance products through a network of retail independent agents. Atlas Financial Holdings, Inc. is headquartered in Schaumburg, Illinois.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/06 00:31|
|End of Day Share Price||2020/04/03 00:00|
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.