AMERICA FIRST MULTIFAMILY IN (ATAX) Fundamental Analysis & Valuation

NASDAQ:ATAX • US02364V2060

18.6 USD
-0.45 (-2.39%)
Last: Dec 2, 2022, 08:20 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This ATAX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

Taking everything into account, ATAX scores 3 out of 10 in our fundamental rating. ATAX was compared to 0 industry peers in the Thrifts & Mortgage Finance industry. While ATAX is still in line with the averages on profitability rating, there are concerns on its financial health. ATAX has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

4

1. ATAX Profitability Analysis

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

  • ATAX has a Return On Assets of 4.84%. This is amongst the best in the industry. ATAX outperforms 90.91% of its industry peers.
  • Looking at the Return On Equity, with a value of 17.32%, ATAX belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
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.
  • In the last couple of years the Profit Margin of ATAX has grown nicely.
  • 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. ATAX Health Analysis

2.1 Basic Checks

  • ATAX does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • ATAX has less shares outstanding than it did 1 year ago.
  • Compared to 1 year ago, ATAX has a worse debt to assets ratio.
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 has a Debt to FCF ratio of 34.12. This is amonst the worse of the industry: ATAX underperforms 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.
  • ATAX's Debt to Equity ratio of 2.51 is on the low side compared to the rest of the industry. ATAX is outperformed by 87.50% of its industry peers.
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. ATAX Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 135.77% over the past year.
  • The Earnings Per Share has been growing by 35.62% on average over the past years. This is a very strong growth
  • ATAX shows a strong growth in Revenue. In the last year, the Revenue has grown by 27.55%.
  • 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

  • The Earnings Per Share is expected to grow by 6.07% on average over the next years.
  • 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

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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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5

4. ATAX Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 6.41, the valuation of ATAX can be described as very cheap.
  • Based on the Price/Earnings ratio, ATAX is valued cheaply inside the industry as 84.09% of the companies are valued more expensively.
  • ATAX's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.45.
  • Based on the Price/Forward Earnings ratio of 12.40, the valuation of ATAX can be described as correct.
  • 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 24.65, ATAX is valued a bit cheaper.
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ATAX indicates a rather cheap valuation: ATAX is cheaper than 84.09% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ATAX indicates a slightly more expensive valuation: ATAX is more expensive than 65.91% of the companies listed 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

  • ATAX's 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%

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

4

5. ATAX Dividend Analysis

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 been paying a dividend for at least 10 years, so it has 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

  • ATAX pays out 65.69% of its income as dividend. 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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ATAX Fundamentals: All Metrics, Ratios and Statistics

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 Change17.63%
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%.