# Altus Group Limited (AIF.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Real Estate / Real Estate Management & Development. Price C$48.42, market value C$1.7 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Altus Group Limited reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 3.4×**. Each dollar of revenue is priced at 3.4×.
- **Price / book: 5.1×**. The shares trade at 5.1× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 41.4×**. Enterprise value is 41.4× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 4.5%** (5-yr avg 2.6%). Free cash flow equals 4.5% of the market value, above its five-year average of 2.6%, so the shares are cheaper on cash than they have usually been.

## Profitability
- **Gross margin: 73.0%**. Altus Group Limited keeps 73.0% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: -8.0%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -3.2%**. The company reported a net loss over the last twelve months.
- **Return on equity: -3.5%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -16.7%**. Return on all capital, debt included, is -16.7%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -2.1%**. Each dollar of assets produces -2.1% of profit.

## Growth
- **Revenue growth (1 yr): -3.2%** (3-yr -11.9%/yr, 5-yr -2.2%/yr). Revenue fell 3.2% over the last year, against -2.2% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -224.1%**. Earnings per share fell 224.1%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 14.3%/yr**. Free cash flow has compounded at 14.3% a year over three years.

## Financial health
- **Debt to equity: 0.42**. Debt is 0.42 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Altus Group Limited holds more cash than debt.
- **Interest coverage: -6.2×**. Operating profit covers interest only -6.2×: fragile.
- **Current ratio: 1.03** (quick 1.03). Current assets cover the next year's liabilities 1.03 times.
- **Altman Z-score: 2.26**. A Z-score of 2.26 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.24%** (C$0.60 per share, trailing). Altus Group Limited yields 1.24%, a modest yield more typical of a growth-oriented payer.
- **Consecutive years of increases: 13**. 13 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 0.0%/yr** (1-yr 0.0%). The dividend has not grown over five years.
- **Shareholder yield: 13.4%**. Dividends plus net buybacks return 13.4% of the market value a year.

## Price and momentum
- **Total return (1 yr): -20.4%** (YTD -14.1%, 3-mo 5.8%). The shares are down 20.4% over twelve months including dividends.
- **From 52-week high: -23.2%** (31.0% above the low). Trading 23% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 55**. An RSI of 55 is neutral.
- **Beta (1 yr): 0.68** (volatility 40%). Beta of 0.68 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AIF.TO · Page: https://foliofundamentals.com/stocks/aif.to

Not investment advice.