Professional
Added to YB: 2024-10-10
Pitch date: 2024-10-07
AIF.TO [bullish]
Altus Group Limited
+5.87%
current return
Author Info
No bio for this author
Company Info
Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE) in Canada, the United States, the United Kingdom, France, Europe, the Middle East, Africa, Australia, and the Asia Pacific.
Market Cap
CAD 2.3B
Pitch Price
CAD 51.74
Price Target
73.00 (+33%)
Dividend
1.22%
EV/EBITDA
34.70
P/E
-2.5K
EV/Sales
4.88
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.
Read full article (12 min)