AMERICA FIRST MULTIFAMILY IN (ATAX) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:ATAX • US02364V2060

18.6 USD
-0.45 (-2.39%)
Last: Dec 2, 2022, 08:20 PM
Fundamental Rating

3

Overall ATAX gets a fundamental rating of 3 out of 10. We evaluated ATAX against 0 industry peers in the Thrifts & Mortgage Finance industry. ATAX has a medium profitability rating, but doesn't score so well on its financial health evaluation. ATAX is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year ATAX was profitable.
  • ATAX had a positive operating cash flow in the past year.
ATAX Yearly Net Income VS EBIT VS OCF VS FCFATAX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 10M 20M 30M 40M

1.2 Ratios

  • The Return On Assets of ATAX (4.84%) is better than 90.91% of its industry peers.
  • ATAX has a Return On Equity of 17.32%. This is amongst the best in the industry. ATAX outperforms 81.82% of its industry peers.
Industry RankSector Rank
ROA 4.84%
ROE 17.32%
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ATAX Yearly ROA, ROE, ROICATAX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2 4 6 8 10

1.3 Margins

  • ATAX has a better Profit Margin (88.89%) than 100.00% of its industry peers.
  • ATAX's Profit Margin has improved in the last couple of years.
  • The Operating Margin of ATAX (38.33%) is better than 88.64% of its industry peers.
  • In the last couple of years the Operating Margin of ATAX has declined.
Industry RankSector Rank
OM 38.33%
PM (TTM) 88.89%
GM N/A
OM growth 3Y-11.03%
OM growth 5Y-3.43%
PM growth 3Y6.11%
PM growth 5Y11.33%
GM growth 3YN/A
GM growth 5YN/A
ATAX Yearly Profit, Operating, Gross MarginsATAX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

0

2. Health

2.1 Basic Checks

  • ATAX does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for ATAX has been reduced compared to 1 year ago.
  • The debt/assets ratio for ATAX is higher compared to a year ago.
ATAX Yearly Shares OutstandingATAX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 20M 40M 60M
ATAX Yearly Total Debt VS Total AssetsATAX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 200M 400M 600M 800M 1B

2.2 Solvency

  • ATAX has a debt to FCF ratio of 34.12. This is a negative value and a sign of low solvency as ATAX would need 34.12 years to pay back of all of its debts.
  • ATAX's Debt to FCF ratio of 34.12 is on the low side compared to the rest of the industry. ATAX is outperformed by 81.82% of its industry peers.
  • A Debt/Equity ratio of 2.51 is on the high side and indicates that ATAX has dependencies on debt financing.
  • With a Debt to Equity ratio value of 2.51, ATAX is not doing good in the industry: 87.50% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 2.51
Debt/FCF 34.12
Altman-Z N/A
ROIC/WACCN/A
WACC5.68%
ATAX Yearly LT Debt VS Equity VS FCFATAX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 200M 400M 600M 800M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • ATAX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 135.77%, which is quite impressive.
  • ATAX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 35.62% yearly.
  • The Revenue has grown by 27.55% in the past year. This is a very strong growth!
  • The Revenue has been decreasing by -1.29% on average over the past years.
EPS 1Y (TTM)135.77%
EPS 3Y39.1%
EPS 5Y35.62%
EPS Q2Q%38.6%
Revenue 1Y (TTM)27.55%
Revenue growth 3Y-8.14%
Revenue growth 5Y-1.29%
Sales Q2Q%27.84%

3.2 Future

  • ATAX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.07% yearly.
  • Based on estimates for the next years, ATAX will show a small growth in Revenue. The Revenue will grow by 6.89% on average per year.
EPS Next Y77.85%
EPS Next 2Y-1.96%
EPS Next 3Y2.98%
EPS Next 5Y6.07%
Revenue Next Year5.62%
Revenue Next 2Y10.72%
Revenue Next 3Y8.58%
Revenue Next 5Y6.89%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
ATAX Yearly Revenue VS EstimatesATAX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
ATAX Yearly EPS VS EstimatesATAX Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2 2.5

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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • ATAX is valuated cheaply with a Price/Earnings ratio of 6.41.
  • Compared to the rest of the industry, the Price/Earnings ratio of ATAX indicates a rather cheap valuation: ATAX is cheaper than 84.09% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.67. ATAX is valued rather cheaply when compared to this.
  • ATAX is valuated correctly with a Price/Forward Earnings ratio of 12.40.
  • ATAX's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.20, ATAX is valued rather cheaply.
Industry RankSector Rank
PE 6.41
Fwd PE 12.4
ATAX Price Earnings VS Forward Price EarningsATAX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ATAX is valued cheaper than 84.09% of the companies in the same industry.
  • ATAX's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. ATAX is more expensive than 65.91% of the companies in the same industry.
Industry RankSector Rank
P/FCF 13.85
EV/EBITDA 40.28
ATAX Per share dataATAX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.08
PEG (5Y)0.18
EPS Next 2Y-1.96%
EPS Next 3Y2.98%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • ATAX has a Yearly Dividend Yield of 7.84%, which is a nice return.
  • ATAX's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 7.84%

5.2 History

  • The dividend of ATAX decreases each year by -9.55%.
  • ATAX has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-9.55%
Div Incr YearsN/A
Div Non Decr YearsN/A
ATAX Yearly Dividends per shareATAX Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 0.5 1

5.3 Sustainability

  • 65.69% of the earnings are spent on dividend by ATAX. This is not a sustainable payout ratio.
DP65.69%
EPS Next 2Y-1.96%
EPS Next 3Y2.98%
ATAX Yearly Income VS Free CF VS DividendATAX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 10M 20M 30M 40M
ATAX Dividend Payout.ATAX Dividend Payout, showing the Payout Ratio.ATAX Dividend Payout.PayoutRetained Earnings

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AMERICA FIRST MULTIFAMILY IN

NASDAQ:ATAX (12/2/2022, 8:20:28 PM)

18.6

-0.45 (-2.39%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryThrifts & Mortgage Finance
Earnings (Last)11-03
Earnings (Next)02-22
Inst Owners9.17%
Inst Owner Change-5.73%
Ins Owners4.52%
Ins Owner Change0%
Market Cap413.80M
Revenue(TTM)79.02M
Net Income(TTM)70.24M
Analysts82.22
Price Target21.76 (16.99%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 7.84%
Yearly Dividend1.11
Dividend Growth(5Y)-9.55%
DP65.69%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)12.77%
Min EPS beat(2)-10.33%
Max EPS beat(2)35.88%
EPS beat(4)2
Avg EPS beat(4)24.65%
Min EPS beat(4)-10.33%
Max EPS beat(4)79.26%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-11.44%
Min Revenue beat(2)-22.85%
Max Revenue beat(2)-0.02%
Revenue beat(4)2
Avg Revenue beat(4)-2.31%
Min Revenue beat(4)-22.85%
Max Revenue beat(4)7.55%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)N/A
EPS NQ rev (1m)-2.75%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)1.39%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 6.41
Fwd PE 12.4
P/S 5.24
P/FCF 13.85
P/OCF 13.63
P/B 1.02
P/tB 1.34
EV/EBITDA 40.28
EPS(TTM)2.9
EY15.59%
EPS(NY)1.5
Fwd EY8.06%
FCF(TTM)1.34
FCFY7.22%
OCF(TTM)1.36
OCFY7.34%
SpS3.55
BVpS18.23
TBVpS13.88
PEG (NY)0.08
PEG (5Y)0.18
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 4.84%
ROE 17.32%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM 38.33%
PM (TTM) 88.89%
GM N/A
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-11.03%
OM growth 5Y-3.43%
PM growth 3Y6.11%
PM growth 5Y11.33%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 2.51
Debt/FCF 34.12
Debt/EBITDA 30.87
Cap/Depr 17.34%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 42.55%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC5.68%
ROIC/WACCN/A
Cap/Depr(3y)8.3%
Cap/Depr(5y)9.64%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)120.37%
Profit Quality(5y)95.36%
High Growth Momentum
Growth
EPS 1Y (TTM)135.77%
EPS 3Y39.1%
EPS 5Y35.62%
EPS Q2Q%38.6%
EPS Next Y77.85%
EPS Next 2Y-1.96%
EPS Next 3Y2.98%
EPS Next 5Y6.07%
Revenue 1Y (TTM)27.55%
Revenue growth 3Y-8.14%
Revenue growth 5Y-1.29%
Sales Q2Q%27.84%
Revenue Next Year5.62%
Revenue Next 2Y10.72%
Revenue Next 3Y8.58%
Revenue Next 5Y6.89%
EBIT growth 1Y90.7%
EBIT growth 3Y-18.28%
EBIT growth 5Y-4.68%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y71.28%
FCF growth 3Y10.35%
FCF growth 5Y48.17%
OCF growth 1Y70.5%
OCF growth 3Y9.76%
OCF growth 5Y17.38%

AMERICA FIRST MULTIFAMILY IN / ATAX FAQ

What is the ChartMill fundamental rating of AMERICA FIRST MULTIFAMILY IN (ATAX) stock?

ChartMill assigns a fundamental rating of 5 / 10 to ATAX.


What is the valuation status of AMERICA FIRST MULTIFAMILY IN (ATAX) stock?

ChartMill assigns a valuation rating of 7 / 10 to AMERICA FIRST MULTIFAMILY IN (ATAX). This can be considered as Undervalued.


Can you provide the profitability details for AMERICA FIRST MULTIFAMILY IN?

AMERICA FIRST MULTIFAMILY IN (ATAX) has a profitability rating of 6 / 10.


Can you provide the financial health for ATAX stock?

The financial health rating of AMERICA FIRST MULTIFAMILY IN (ATAX) is 1 / 10.


How sustainable is the dividend of AMERICA FIRST MULTIFAMILY IN (ATAX) stock?

The dividend rating of AMERICA FIRST MULTIFAMILY IN (ATAX) is 6 / 10 and the dividend payout ratio is 65.69%.