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Altus Group

OTCPK:ASGT.F
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ASGT.F
OTCPK
CA$1B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Altus Group Limited provides software, data solutions, and independent advisory services to the commercial real estate (CRE) industry in Canada, the United States, Europe, and the Asia Pacific. The last earnings update was 12 days ago. More info.


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ASGT.F Share Price and Events
7 Day Returns
0%
OTCPK:ASGT.F
-0.9%
US Real Estate
-0.7%
US Market
1 Year Returns
1.5%
OTCPK:ASGT.F
-15.7%
US Real Estate
3%
US Market
ASGT.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Altus Group (ASGT.F) 0% 11.9% - 1.5% 30.4% 13.7%
US Real Estate -0.9% -6.6% -8.6% -15.7% 22.9% 4.2%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • ASGT.F outperformed the Real Estate industry which returned -15.7% over the past year.
  • ASGT.F underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
ASGT.F
Industry
5yr Volatility vs Market

ASGT.F Value

 Is Altus Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Altus Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Altus Group.

OTCPK:ASGT.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:ASGT.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.11 (1 + (1- 26.5%) (18.98%))
1.178
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.178 * 5.96%)
9.75%

Discounted Cash Flow Calculation for OTCPK:ASGT.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Altus Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:ASGT.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 9.75%)
2019 53.36 Analyst x6 48.62
2020 77.42 Analyst x6 64.27
2021 91.73 Est @ 18.48% 69.39
2022 104.35 Est @ 13.76% 71.92
2023 115.25 Est @ 10.45% 72.38
2024 124.63 Est @ 8.13% 71.32
2025 132.74 Est @ 6.51% 69.21
2026 139.88 Est @ 5.38% 66.46
2027 146.29 Est @ 4.58% 63.33
2028 152.18 Est @ 4.03% 60.03
Present value of next 10 years cash flows CA$656.93
OTCPK:ASGT.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$152.18 × (1 + 2.73%) ÷ (9.75% – 2.73%)
CA$2,227.20
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$2,227.20 ÷ (1 + 9.75%)10
CA$878.48
OTCPK:ASGT.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$656.93 + CA$878.48
CA$1,535.42
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$1,535.42 / 39.63
CA$38.75
OTCPK:ASGT.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:ASGT.F represents 0.7466x of TSX:AIF
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.7466x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 38.75 x 0.7466
$28.93
Value per share (USD) From above. $28.93
Current discount Discount to share price of $21.97
= -1 x ($21.97 - $28.93) / $28.93
24.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Altus Group is available for.
Intrinsic value
24%
Share price is $21.97 vs Future cash flow value of $28.93
Current Discount Checks
For Altus Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Altus Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Altus Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Altus Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Altus Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:ASGT.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$-0.43
TSX:AIF Share Price ** TSX (2019-05-13) in CAD CA$29.42
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.37x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Altus Group.

OTCPK:ASGT.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:AIF Share Price ÷ EPS (both in CAD)

= 29.42 ÷ -0.43

-69.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Altus Group is loss making, we can't compare its value to the US Real Estate industry average.
  • Altus Group is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Altus Group's expected growth come at a high price?
Raw Data
OTCPK:ASGT.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -69.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
102.4%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.44x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Altus Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Altus Group's assets?
Raw Data
OTCPK:ASGT.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$8.86
TSX:AIF Share Price * TSX (2019-05-13) in CAD CA$29.42
United States of America Real Estate Industry PB Ratio Median Figure of 52 Publicly-Listed Real Estate Companies 1.44x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:ASGT.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:AIF Share Price ÷ Book Value per Share (both in CAD)

= 29.42 ÷ 8.86

3.32x

* Primary Listing of Altus Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Altus Group is overvalued based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Altus Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Altus Group has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ASGT.F Future Performance

 How is Altus Group expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
102.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Altus Group expected to grow at an attractive rate?
  • Altus Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Altus Group's earnings growth is expected to exceed the United States of America market average.
  • Altus Group's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:ASGT.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:ASGT.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 102.4%
OTCPK:ASGT.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 9.3%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:ASGT.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:ASGT.F Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 609 88 45 9
2019-12-31 559 64 29 9
OTCPK:ASGT.F Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 514 46 -17
2018-12-31 510 49 -18
2018-09-30 502 55 -7
2018-06-30 498 48 2
2018-03-31 492 54 107
2017-12-31 477 58 109
2017-09-30 470 53 122
2017-06-30 463 51 109
2017-03-31 445 54 17
2016-12-31 443 67 14
2016-09-30 439 70 12
2016-06-30 430 63 16

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Altus Group's earnings are expected to grow significantly at over 20% yearly.
  • Altus Group's revenue is expected to grow by 9.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:ASGT.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Altus Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ASGT.F Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.10 1.19 1.00 2.00
2019-12-31 0.71 0.76 0.66 2.00
OTCPK:ASGT.F Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 -0.43
2018-12-31 -0.48
2018-09-30 -0.18
2018-06-30 0.05
2018-03-31 2.78
2017-12-31 2.88
2017-09-30 3.23
2017-06-30 2.93
2017-03-31 0.46
2016-12-31 0.39
2016-09-30 0.33
2016-06-30 0.46

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Altus Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Altus Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Altus Group has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ASGT.F Past Performance

  How has Altus Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Altus Group's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Altus Group does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Altus Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Altus Group's 1-year growth to the US Real Estate industry average as it is not currently profitable.
Earnings and Revenue History
Altus Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Altus Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ASGT.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 513.74 -16.55 114.89
2018-12-31 510.43 -18.44 116.42
2018-09-30 501.86 -7.11 113.29
2018-06-30 498.30 1.94 110.92
2018-03-31 491.96 106.54 109.10
2017-12-31 476.56 109.42 107.07
2017-09-30 469.58 121.70 105.10
2017-06-30 463.41 109.30 102.66
2017-03-31 445.50 17.03 99.70
2016-12-31 442.89 14.27 99.24
2016-09-30 438.52 11.91 100.40
2016-06-30 429.85 16.29 100.31
2016-03-31 424.64 6.32 99.40
2015-12-31 416.41 9.25 95.12
2015-09-30 398.28 7.79 82.64
2015-06-30 380.86 12.37 73.45
2015-03-31 359.98 9.00 63.78
2014-12-31 340.20 13.17 53.71
2014-09-30 329.80 15.05 53.86
2014-06-30 318.42 12.77 52.58
2014-03-31 306.99 16.65 49.78
2013-12-31 297.16 18.61 49.26
2013-09-30 288.65 -9.81 46.96
2013-06-30 283.16 -9.15 45.63
2013-03-31 281.67 -8.68 46.25
2012-12-31 286.35 -12.65 44.93
2012-09-30 287.61 11.14 45.79
2012-06-30 288.11 4.42 50.54

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Altus Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Altus Group has efficiently used its assets last year compared to the US Real Estate industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Altus Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Altus Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Altus Group has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ASGT.F Health

 How is Altus Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Altus Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Altus Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Altus Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Altus Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Altus Group Company Filings, last reported 1 month ago.

OTCPK:ASGT.F Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 347.19 221.27 37.52
2018-12-31 358.43 129.37 48.74
2018-09-30 360.77 185.39 93.05
2018-06-30 371.81 189.43 48.01
2018-03-31 387.31 163.62 20.62
2017-12-31 412.06 150.80 28.07
2017-09-30 415.25 141.47 56.27
2017-06-30 419.43 142.09 45.61
2017-03-31 337.67 145.34 38.92
2016-12-31 340.59 124.44 43.67
2016-09-30 330.79 127.11 35.77
2016-06-30 334.64 130.59 27.12
2016-03-31 329.97 135.00 22.99
2015-12-31 350.60 137.67 19.60
2015-09-30 333.81 139.48 17.59
2015-06-30 291.90 173.07 24.06
2015-03-31 288.74 179.37 22.10
2014-12-31 273.10 171.86 17.45
2014-09-30 261.08 129.86 17.15
2014-06-30 203.90 164.62 13.61
2014-03-31 211.00 158.43 8.34
2013-12-31 202.21 158.50 16.66
2013-09-30 148.34 206.50 2.93
2013-06-30 135.25 206.74 6.73
2013-03-31 129.77 208.71 5.31
2012-12-31 124.39 210.59 4.70
2012-09-30 146.92 216.42 4.42
2012-06-30 152.45 213.39 4.56
  • Altus Group's level of debt (63.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (75.1% vs 63.7% today).
  • Debt is well covered by operating cash flow (20.9%, greater than 20% of total debt).
  • Altus Group is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Altus Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Altus Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ASGT.F Dividends

 What is Altus Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.04%
Current annual income from Altus Group dividends. Estimated to be 2.04% next year.
If you bought $2,000 of Altus Group shares you are expected to receive $41 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Altus Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Altus Group's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:ASGT.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:ASGT.F Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.60 2.00
2019-12-31 0.60 2.00
OTCPK:ASGT.F Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-03-18 0.600 2.216
2018-12-04 0.600 2.444
2018-09-18 0.600 2.163
2018-06-14 0.600 2.004
2018-03-07 0.600 1.957
2017-12-04 0.600 1.723
2017-09-18 0.600 1.755
2017-06-15 0.600 2.053
2017-03-07 0.600 2.007
2016-12-01 0.600 1.971
2016-09-19 0.600 2.039
2016-06-13 0.600 2.505
2016-03-08 0.600 2.814
2015-12-03 0.600 3.236
2015-09-15 0.600 3.024
2015-06-16 0.600 3.173
2015-03-10 0.600 3.048
2014-12-04 0.600 2.949
2014-09-18 0.600 2.883
2014-06-16 0.600 2.730
2014-03-11 0.600 2.966
2013-12-10 0.600 3.568
2013-09-19 0.600 4.219
2013-06-19 0.600 6.246
2013-03-13 0.600 7.300
2012-12-12 0.600 7.178
2012-09-20 0.600 7.211
2012-06-26 0.600 7.410
2012-03-22 0.600 8.450
2012-03-14 0.600 8.464
2011-11-09 0.600 13.935
2011-06-23 0.600 13.576
2011-06-08 1.200 15.055
2011-03-23 1.200 12.364
2010-11-19 1.200 9.724
2010-10-20 1.200 8.337
2010-09-21 1.200 8.130
2010-08-20 1.200 8.879
2010-07-21 1.200 9.018
2010-06-21 1.200 9.395
2010-05-19 1.200 9.902
2010-04-22 1.200 8.718
2010-03-22 1.200 8.384
2010-02-17 1.200 9.207
2010-01-20 1.200 8.665
2009-12-16 1.200 9.662
2009-11-19 1.200 9.689
2009-10-21 1.200 9.647
2009-09-18 1.200 11.025
2009-07-22 1.200 12.212
2009-05-21 1.200 15.044

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Altus Group's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Altus Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Altus Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Altus Group has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ASGT.F Management

 What is the CEO of Altus Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bob Courteau
COMPENSATION CA$2,378,363
AGE 62
TENURE AS CEO 6.7 years
CEO Bio

Mr. Robert G. Courteau, also known as Bob, has been the Chief Executive Officer of Altus Group Limited since September 24, 2012. Mr. Courteau has been the President of Altus Analytics Solutions at Altus Group Limited since May 24, 2016. He has more than 25 years' experience as a senior executive, leading new business initiatives and achieving growth objectives with some of the world's foremost companies. His experience includes executive roles with Xerox Corporation, Centara Venture Capital (Texar Corporation), and Digital Corporation. He served as the President of North America Region at SAP America, Inc. and SAP AG (also known as SAP SE) since January 17, 2011. He was responsible for all of SAP's business operations in the U.S. and Canada. He served as the Chief Operating Officer of SAP North America at SAP America, Inc. until January 17, 2011. He served as Chief Operating Officer for SAP Global Operations. He served as the President and Managing Director of SAP Canada, Inc. since January 2004. He served as an Executive Officer of Cognos ULC. Prior to joining SAP, he served as an Executive Vice President of EDS Corporation from 2002 to 2003, where he was responsible for Canadian Sales and Consulting Services. He served as North American Divisional Vice President and General Manager of Xerox Corporation. He has held many executive and senior management positions with a variety of multinational corporations and industry pioneers. He serves as Vice Chairman of the Information Technology Association of Canada. He has been an Independent Director of Kinaxis Inc. since December 20, 2016. He has been a Director of Altus Group Limited since September 19, 2012, Solidifi Inc. since January 24, 2013 and Peoplefluent, Inc. since July 17, 2012. He serves as a Member of Advisory Board at Whitecap III LP. He is on the Board of Governors of Junior Achievement, having served as a Board Member, Volunteer and Participant of JA's programs across the country. He served as a Director of IMRIS, Inc. from July 2006 to May 2013, Real Matters, Inc. since November 22, 2012 until January 31, 2019, NexJ Systems Inc. since August 2012 and First National Financial Income Fund-General Partner of First National Financial Corporation from June 8, 2006 to December 15, 2008. He serves as a Member of the Advisory Board of the Directors College at McMaster University's DeGroote School of Business. Mr. Courteau has been an active board member of numerous North American not-for-profit organizations and has served on the boards of several publicly-traded organizations. Mr. Courteau graduated from Concordia University in 1981 with a Bachelor of Commerce degree and holds Honorary Doctorate of Laws degree from the Concordia University in 2011.

CEO Compensation
  • Bob's compensation has been consistent with company performance over the past year.
  • Bob's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Altus Group management team in years:

2.6
Average Tenure
  • The tenure for the Altus Group management team is about average.
Management Team

Bob Courteau

TITLE
CEO & Director
COMPENSATION
CA$2M
AGE
62
TENURE
6.7 yrs

Carl Farrell

TITLE
President & Non-Independent Director
COMPENSATION
CA$2M
AGE
56
TENURE
1.3 yrs

Angelo Bartolini

TITLE
Chief Financial Officer
COMPENSATION
CA$714K
TENURE
9 yrs

Ed Orlik

TITLE
Chief Information Officer

Camilla Bartosiewicz

TITLE
Vice President of Investor Relations

Liana Turrin

TITLE
General Counsel & Corporate Secretary
TENURE
7.7 yrs

Jeff Hayward

TITLE
Vice President of Global Marketing & Communications

Walter Turney

TITLE
Global Head of Sales
TENURE
1.3 yrs

Trish Ball

TITLE
Chief Human Resources Officer
TENURE
2.2 yrs

Phil Tily

TITLE
Head of Performance Analytics & Senior VP of Analytics Advisory Business Unit
TENURE
2.6 yrs
Board of Directors Tenure

Average tenure and age of the Altus Group board of directors in years:

5.8
Average Tenure
62
Average Age
  • The tenure for the Altus Group board of directors is about average.
Board of Directors

Ray Mikulich

TITLE
Chairman
COMPENSATION
CA$322K
AGE
65
TENURE
4.1 yrs

Bob Courteau

TITLE
CEO & Director
COMPENSATION
CA$2M
AGE
62
TENURE
6.7 yrs

Carl Farrell

TITLE
President & Non-Independent Director
COMPENSATION
CA$2M
AGE
56
TENURE
4.9 yrs

Eric Slavens

TITLE
Independent Director
COMPENSATION
CA$192K
AGE
72
TENURE
14 yrs

Tony Gaffney

TITLE
Independent Director
COMPENSATION
CA$181K
AGE
60
TENURE
6.9 yrs

Angela Brown

TITLE
Independent Director
COMPENSATION
CA$184K
AGE
60
TENURE
2.9 yrs

Diane MacDiarmid

TITLE
Independent Director
COMPENSATION
CA$177K
AGE
62
TENURE
6.9 yrs

Janet Woodruff

TITLE
Independent Director
COMPENSATION
CA$196K
AGE
61
TENURE
4 yrs

Colin Dyer

TITLE
Director
AGE
66

Anthony Long

TITLE
Director
Who owns this company?
Recent Insider Trading
  • Altus Group insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
16. May 19 Sell Mitchell Ettinger Individual 13. May 19 13. May 19 -3,000 $22.02 $-66,046
19. Nov 18 Buy Robert Courteau Individual 16. Nov 18 16. Nov 18 4,500 $18.09 $81,099
X
Management checks
We assess Altus Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Altus Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ASGT.F News

Simply Wall St News

ASGT.F Company Info

Description

Altus Group Limited provides software, data solutions, and independent advisory services to the commercial real estate (CRE) industry in Canada, the United States, Europe, and the Asia Pacific. It operates in three segments: Altus Analytics, Commercial Real Estate Consulting (CRE Consulting), and Geomatics. The Altus Analytics segment offers ARGUS Enterprise (AE), a software for CRE valuation and portfolio management; ARGUS Developer and ARGUS EstateMaster software for development feasibility analysis; ARGUS on Demand, a hosted version of AE and ARGUS Developer; ARGUS Voyanta, a cloud-based data management solution; ARGUS Taliance, a cloud-based solution for alternative investment firms; and ARGUS Acquire, a cloud-based deal management solution for CRE acquisitions. It also offers data subscription products that provide real estate information on the residential, office, industrial, and investment markets; and technology-related services. This segment serves large owners, managers, and investors of CRE asset and funds; service providers; brokers; and developers. The CRE Consulting segment offers real estate property tax services, including assessment reviews, management, and appeals, as well as personal property, and state and local tax advisory services; valuation services, such as appraisals of real estate portfolios and valuation of properties, as well as due diligence, and litigation and economic consulting services; and construction feasibility study, budgeting, cost and loan monitoring, and project management services to owner operators, developers, financial institutions, and CRE asset holders and investors. The Geomatics segment offers various services, including land surveys and mapping to the oil and gas exploration and development sector for setting of property boundaries, route and corridor selection, land settlement, construction developments, and oil field and well-sites. The company is headquartered in Toronto, Canada.

Details
Name: Altus Group Limited
ASGT.F
Exchange: OTCPK
Founded:
CA$866,198,362
39,627,839
Website: http://www.altusgroup.com
Address: Altus Group Limited
33 Yonge Street,
Suite 500,
Toronto,
Ontario, M5E 1G4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX AIF Common Shares The Toronto Stock Exchange CA CAD 19. May 2005
OTCPK ASGT.F Common Shares Pink Sheets LLC US USD 19. May 2005
DB 53U Common Shares Deutsche Boerse AG DE EUR 19. May 2005
Number of employees
Current staff
Staff numbers
2,500
Altus Group employees.
Industry
Real Estate Services
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 02:54
End of day share price update: 2019/05/13 00:00
Last estimates confirmation: 2019/05/09
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.