Altus Group Shares Outstanding vs. Price To Earning

AIF Stock  CAD 57.24  0.45  0.78%   
Considering Altus Group's profitability and operating efficiency indicators, Altus Group Limited is yielding more profit at this time then in previous quarter. It has a moderate probability of reporting better profitability numbers in January. Profitability indicators assess Altus Group's ability to earn profits and add value for shareholders. As of the 11th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.64, while Price To Sales Ratio is likely to drop 1.63. At this time, Altus Group's Operating Income is very stable compared to the past year. As of the 11th of December 2024, Income Tax Expense is likely to grow to about 12.7 M, while Accumulated Other Comprehensive Income is likely to drop about 22.1 M.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.550.3766
Way Up
Slightly volatile
For Altus Group profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Altus Group to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Altus Group Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Altus Group's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Altus Group Limited over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Altus Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Altus Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Altus Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Altus Group Limited Price To Earning vs. Shares Outstanding Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Altus Group's current stock value. Our valuation model uses many indicators to compare Altus Group value to that of its competitors to determine the firm's financial worth.
Altus Group Limited is rated fourth in shares outstanding category among its peers. It is number one stock in price to earning category among its peers . The ratio of Shares Outstanding to Price To Earning for Altus Group Limited is about  263,611 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Altus Group by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Altus Group's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

Altus Price To Earning vs. Shares Outstanding

Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

Altus Group

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
45.89 M
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.

Altus Group

P/E

 = 

Market Value Per Share

Earnings Per Share

 = 
174.10 X
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.

Altus Price To Earning Comparison

Altus Group is currently under evaluation in price to earning category among its peers.

Altus Group Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Altus Group, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Altus Group will eventually generate negative long term returns. The profitability progress is the general direction of Altus Group's change in net profit over the period of time. It can combine multiple indicators of Altus Group, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income42.4 M22.1 M
Operating Income48.8 M51.2 M
Income Before Tax22.3 M17.2 M
Total Other Income Expense Net-26.5 M-25.2 M
Net Income22.3 M14.8 M
Income Tax Expense12.1 M12.7 M
Net Income From Continuing Ops10.2 M16.5 M
Net Loss-797.4 K-757.5 K
Interest Income193 K183.3 K
Net Interest Income-22 M-20.9 M
Change To Netincome27.5 M28.9 M
Net Income Per Share 0.23  0.21 
Income Quality 3.20  2.14 
Net Income Per E B T 0.46  0.44 

Altus Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Altus Group. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Altus Group position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Altus Group's important profitability drivers and their relationship over time.

Use Altus Group in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Altus Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Altus Group will appreciate offsetting losses from the drop in the long position's value.

Altus Group Pair Trading

Altus Group Limited Pair Trading Analysis

The ability to find closely correlated positions to Altus Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altus Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Altus Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Altus Group Limited to buy it.
The correlation of Altus Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Altus Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altus Group Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Altus Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Altus Group position

In addition to having Altus Group in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Other Information on Investing in Altus Stock

To fully project Altus Group's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Altus Group Limited at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Altus Group's income statement, its balance sheet, and the statement of cash flows.
Potential Altus Group investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Altus Group investors may work on each financial statement separately, they are all related. The changes in Altus Group's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Altus Group's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.