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AMERICA FIRST MULTIFAMILY IN (ATAX) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:ATAX - US02364V2060

18.6 USD
-0.45 (-2.39%)
Last: 12/2/2022, 8:20:28 PM
Fundamental Rating

3

ATAX gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 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 decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • ATAX had positive earnings in the past year.
  • In the past year ATAX had a positive cash flow from operations.
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 better Return On Assets (4.84%) than 90.91% of its industry peers.
  • ATAX's Return On Equity of 17.32% is amongst the best of 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 Profit Margin of 88.89%. This is amongst the best in the industry. ATAX outperforms 100.00% of its industry peers.
  • In the last couple of years the Profit Margin of ATAX has grown nicely.
  • ATAX has a better Operating Margin (38.33%) than 88.64% of its industry peers.
  • ATAX's Operating Margin has declined in the last couple of years.
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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0

2. Health

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

  • The Debt to FCF ratio of ATAX is 34.12, which is on the high side as it means it would take ATAX, 34.12 years of fcf income to pay off all of its debts.
  • ATAX has a worse Debt to FCF ratio (34.12) than 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.
  • Looking at the Debt to Equity ratio, with a value of 2.51, ATAX is doing worse than 87.50% of the companies in the same industry.
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

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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.
  • ATAX shows a strong growth in Revenue. In the last year, the Revenue has grown by 27.55%.
  • Measured over the past years, ATAX shows a decrease in Revenue. The Revenue has been decreasing by -1.29% on average per year.
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.
  • ATAX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.89% yearly.
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.
  • 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. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 6.41, which indicates a rather cheap valuation of ATAX.
  • 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 27.54.
  • The Price/Forward Earnings ratio is 12.40, which indicates a correct valuation of ATAX.
  • The rest of the industry has a similar Price/Forward Earnings ratio as ATAX.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.31, 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

  • 84.09% of the companies in the same industry are more expensive than ATAX, based on the Enterprise Value to EBITDA ratio.
  • 65.91% of the companies in the same industry are cheaper than ATAX, based on the Price/Free Cash Flow ratio.
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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4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 7.84%, ATAX is a good candidate for dividend investing.
  • Compared to an average S&P500 Dividend Yield of 1.92, ATAX pays a better dividend.
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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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-0.07%
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%.