Professional
Added to YB: 2024-10-10
Pitch date: 2024-10-07
AIF.TO [bullish]
Altus Group Limited
-5.85%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
CAD 1.7B
Pitch Price
CAD 51.44
Price Target
73.00 (+51%)
Dividend
1.39%
EV/EBITDA
19.02
P/E
-1.4K
EV/Sales
3.02
Sector
Real Estate Management and Development
Category
special_situation
Headwaters Capital New Position: Altus Group Limited
AIF.TO: Trophy CRE software ARGUS Enterprise. Sale of Property Tax biz to focus on Analytics. Margin expansion from self-help & VMS recovery. CAD$700M for buybacks/M&A. 8% rev growth, 24% EBITDA margin by 2026. Attractive acquisition target. PT CAD$73 (38% upside). 20x EBITDA floor valuation.
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