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Altus Group LimitedTSX:AIF Stock Report

Market Cap CA$1.5b
Share Price
CA$41.33
CA$53.27
22.4% undervalued intrinsic discount
1Y-26.4%
7D-1.7%
Portfolio Value
View

Altus Group Limited

TSX:AIF Stock Report

Market Cap: CA$1.5b

Altus Group (AIF) Stock Overview

Provides commercial real estate (CRE) intelligence in Canada, the United States, the United Kingdom, France, rest of EMEA, Australia, and rest of the Asia Pacific. More details

AIF fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance0/6
Financial Health4/6
Dividends2/6

AIF Community Fair Values

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Altus Group Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Altus Group
Historical stock prices
Current Share PriceCA$41.33
52 Week HighCA$63.07
52 Week LowCA$36.97
Beta0.81
1 Month Change-18.58%
3 Month Change6.66%
1 Year Change-26.35%
3 Year Change-0.41%
5 Year Change-28.78%
Change since IPO303.22%

Recent News & Updates

Narrative Update Apr 23

AIF: Share Repurchases Will Support Rebased Expectations And Future Upside Potential

Narrative Update on Altus Group The analyst price target for Altus Group has shifted from approximately CA$51.67 to CA$53.27. This reflects a recalibration of views after BMO Capital raised its target by CA$6, while TD Securities, RBC Capital, and CIBC each adjusted their targets lower in recent reports.

Recent updates

Narrative Update Apr 23

AIF: Share Repurchases Will Support Rebased Expectations And Future Upside Potential

Narrative Update on Altus Group The analyst price target for Altus Group has shifted from approximately CA$51.67 to CA$53.27. This reflects a recalibration of views after BMO Capital raised its target by CA$6, while TD Securities, RBC Capital, and CIBC each adjusted their targets lower in recent reports.
Narrative Update Apr 07

AIF: Buybacks And Reset Expectations Will Shape Balanced Risk And Reward

Altus Group's updated analyst price target now centers around CA$51.67. This reflects a reset in expectations after recent cuts to CA$55, CA$50, and CA$51 as analysts reassessed their assumptions, while keeping overall revenue growth, profit margin and P/E inputs broadly unchanged and making only a modest adjustment to the discount rate.
Narrative Update Mar 24

AIF: Buybacks And Reset Expectations Will Steer Balanced Risk And Opportunity

Altus Group's updated analyst price target is now CA$55, reflecting a reset from prior targets clustered around CA$62 to CA$67 as analysts factor in revised expectations while largely maintaining existing ratings. Analyst Commentary Recent research updates on Altus Group have focused on resetting price targets while keeping existing ratings in place.
Narrative Update Mar 09

AIF: Buybacks And Reset Expectations Will Shape Measured Upside Potential

Altus Group's analyst price target has been trimmed by about CA$2, reflecting updated analyst assumptions on fair value, discount rates, revenue growth, profit margins, and future P/E multiples, following recent target cuts from TD Securities, CIBC, and RBC Capital. Analyst Commentary Recent Street research points to a more cautious stance on Altus Group, with price targets reset in a fairly tight CA$50 to CA$55 range.
Narrative Update Feb 23

AIF: Share Buyback Plan Will Drive Future Upside Potential

Analysts have trimmed their blended fair value estimate for Altus Group from about CA$60.50 to roughly CA$53.67, reflecting recent price target cuts to CA$50 and CA$51, as well as updated views on growth, margins, and future P/E multiples. Analyst Commentary Recent Street research on Altus Group has centered on lower price targets in the CA$50 to CA$51 range, which feeds directly into the trimmed blended fair value estimate.
Narrative Update Feb 09

AIF: Buy Rating And Share Buyback Are Expected To Drive Future Upside

Narrative Update on Altus Group Analysts have adjusted their price target on Altus Group slightly lower to about $60.50 from roughly $60.63, reflecting updated views on discount rates, profit margins and future P/E, while highlighting a recent upgrade to Buy and a C$65 target from Street research. Analyst Commentary Recent research reflects a mix of optimism and caution around Altus Group, with the updated C$65 target helping frame how some analysts are thinking about upside potential and execution risk.
Analysis Article Feb 04

Altus Group Limited (TSE:AIF) May Have Run Too Fast Too Soon With Recent 26% Price Plummet

Altus Group Limited ( TSE:AIF ) shareholders that were waiting for something to happen have been dealt a blow with a...
Narrative Update Jan 22

AIF: Buy Rating And Share Buyback Are Expected To Support Upside

Altus Group's analyst price target range has been reset, with one firm raising its view to C$65 and others trimming targets to C$56 and C$52, as analysts reassess the shares based on updated return assumptions and valuation multiples. Analyst Commentary Recent Street research on Altus Group reflects a split view, with one upgrade and two more cautious moves on rating and price targets.
Narrative Update Jan 07

AIF: Mixed Rating Shifts And Buyback Will Shape Balanced Forward Outlook

Analysts have nudged their average C$ fair value for Altus Group slightly higher to C$60.63, reflecting a modest adjustment to the discount rate and long term assumptions, alongside mixed Street targets that now range from C$52 to C$65 following recent rating changes. Analyst Commentary Recent Street calls on Altus Group present a mixed picture, with some analysts turning more constructive while others are dialing back expectations and targets.
Narrative Update Dec 24

AIF: Mixed Price Views And Buyback Will Shape Balanced Forward Outlook

Altus Group's analyst price target has narrowed amid conflicting revisions. A recent upgrade to C$65 has been partially offset by cuts to C$56 and C$52 as analysts recalibrate their expectations around growth, profitability, and valuation risk.
Narrative Update Dec 09

AIF: Leadership Transition And Share Buyback Will Shape Balanced Forward Outlook

Analysts have modestly raised their price target on Altus Group to approximately C$60.63 from about C$60.13, reflecting a slightly higher fair value and future earnings multiple despite mixed recent rating and target revisions. Analyst Commentary Recent Street research on Altus Group highlights a split in sentiment, with bullish analysts focusing on upside from execution and product momentum, while bearish analysts emphasize valuation risk and near term growth uncertainty.
Narrative Update Nov 25

AIF: Leadership Shift And Mixed Ratings Will Shape Near-Term Outlook

Altus Group's analyst price target has increased slightly from $58.53 to $60.13. Analysts cite recent upgrades and a mix of revised ratings, reflecting ongoing sector trends.
Narrative Update Nov 11

AIF: Projected Leadership Transition Will Support Long-Term Earnings Expansion

Altus Group's analyst price target has been revised lower from approximately C$64 to C$59, as analysts cite moderating growth forecasts and increased discount rates in their updated evaluations. Analyst Commentary Analysts covering Altus Group have recently revised their perspectives, reflecting shifting sentiment on the company's valuation, growth outlook, and operational execution.
Analysis Article Oct 25

Calculating The Fair Value Of Altus Group Limited (TSE:AIF)

Key Insights The projected fair value for Altus Group is CA$62.36 based on 2 Stage Free Cash Flow to Equity With...
Analysis Article Oct 04

Altus Group Limited's (TSE:AIF) Price Is Out Of Tune With Revenues

Altus Group Limited's ( TSE:AIF ) price-to-sales (or "P/S") ratio of 5.1x may look like a poor investment opportunity...
Narrative Update Sep 05

Digital Transformation Will Redefine Global Real Estate Analytics

With both the discount rate and future P/E remaining virtually unchanged, analyst sentiment toward Altus Group’s valuation is steady, leading to an unchanged consensus price target of CA$64.29. What's in the News Altus Group is exploring a potential sale after receiving inbound takeover interest, working with investment bankers to solicit buyer interest, with private equity firms expected as possible suitors; the company has not guaranteed a deal and may remain independent.
Analysis Article Jul 26

Is Altus Group (TSE:AIF) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Jul 10

Calculating The Fair Value Of Altus Group Limited (TSE:AIF)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Altus Group fair value estimate is CA$52.99 With CA$53.83...
Analysis Article May 16

We Think Altus Group's (TSE:AIF) Profit Is Only A Baseline For What They Can Achieve

When companies post strong earnings, the stock generally performs well, just like Altus Group Limited's ( TSE:AIF...
Analysis Article Apr 30

At CA$50.86, Is It Time To Put Altus Group Limited (TSE:AIF) On Your Watch List?

Altus Group Limited ( TSE:AIF ), is not the largest company out there, but it saw significant share price movement...
Analysis Article Mar 04

Altus Group (TSE:AIF) Is Due To Pay A Dividend Of CA$0.15

Altus Group Limited ( TSE:AIF ) will pay a dividend of CA$0.15 on the 15th of April. This means that the annual payment...
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New Narrative Feb 23

Emphasizing Recurring Revenue Will Expand Adoption Of Cloud Solutions

Altus Group's focus on recurring revenue and strategic pricing aims to drive consistent growth and broader user adoption in their Analytics segment.
Analysis Article Jan 12

There's Reason For Concern Over Altus Group Limited's (TSE:AIF) Price

When close to half the companies in the Real Estate industry in Canada have price-to-sales ratios (or "P/S") below...
Analysis Article Dec 14

Is Now The Time To Look At Buying Altus Group Limited (TSE:AIF)?

While Altus Group Limited ( TSE:AIF ) might not have the largest market cap around , it saw significant share price...
Analysis Article Nov 29

A Look At The Intrinsic Value Of Altus Group Limited (TSE:AIF)

Key Insights The projected fair value for Altus Group is CA$53.30 based on 2 Stage Free Cash Flow to Equity Altus...
Analysis Article Nov 14

Altus Group's (TSE:AIF) Performance Is Even Better Than Its Earnings Suggest

Altus Group Limited's ( TSE:AIF ) strong earnings report was rewarded with a positive stock price move. Our analysis...
Analysis Article Oct 16

Altus Group (TSE:AIF) Seems To Use Debt Quite Sensibly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Aug 27

Altus Group's (TSE:AIF) Dividend Will Be CA$0.15

The board of Altus Group Limited ( TSE:AIF ) has announced that it will pay a dividend of CA$0.15 per share on the 15th...
Analysis Article Aug 13

Altus Group (TSE:AIF) Has Affirmed Its Dividend Of CA$0.15

Altus Group Limited ( TSE:AIF ) will pay a dividend of CA$0.15 on the 15th of October. This payment means that the...

Shareholder Returns

AIFCA Real EstateCA Market
7D-1.7%-1.5%-0.5%
1Y-26.4%-19.6%31.6%

Return vs Industry: AIF underperformed the Canadian Real Estate industry which returned -19.6% over the past year.

Return vs Market: AIF underperformed the Canadian Market which returned 31.6% over the past year.

Price Volatility

Is AIF's price volatile compared to industry and market?
AIF volatility
AIF Average Weekly Movement5.7%
Real Estate Industry Average Movement5.4%
Market Average Movement10.3%
10% most volatile stocks in CA Market18.2%
10% least volatile stocks in CA Market3.9%

Stable Share Price: AIF has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: AIF's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20051,552Mike Gordonwww.altusgroup.com

Altus Group Limited provides commercial real estate (CRE) intelligence in Canada, the United States, the United Kingdom, France, rest of EMEA, Australia, and rest of the Asia Pacific. It operates through Analytics; and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, VMS, data, and services.

Altus Group Limited Fundamentals Summary

How do Altus Group's earnings and revenue compare to its market cap?
AIF fundamental statistics
Market capCA$1.48b
Earnings (TTM)-CA$433.00k
Revenue (TTM)CA$506.77m
2.9x
P/S Ratio
-3,417x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AIF income statement (TTM)
RevenueCA$506.77m
Cost of RevenueCA$170.60m
Gross ProfitCA$336.16m
Other ExpensesCA$336.60m
Earnings-CA$433.00k

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-0.012
Gross Margin66.33%
Net Profit Margin-0.085%
Debt/Equity Ratio44.8%

How did AIF perform over the long term?

See historical performance and comparison

Dividends

1.5%
Current Dividend Yield
-5,911%
Payout Ratio

Does AIF pay a reliable dividends?

See AIF dividend history and benchmarks
When do you need to buy AIF by to receive an upcoming dividend?
Altus Group dividend dates
Ex Dividend DateJun 30 2026
Dividend Pay DateJul 15 2026
Days until Ex dividend43 days
Days until Dividend pay date58 days

Does AIF pay a reliable dividends?

See AIF dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/18 10:43
End of Day Share Price 2026/05/15 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Altus Group Limited is covered by 9 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gavin FairweatherATB Cormark
Stephen MacLeodBMO Capital Markets Equity Research
Yuri LynkCanaccord Genuity