Added to YB: 2026-02-26
Pitch date: 2025-12-17
AIF.TO [bullish]
Altus Group Limited
-18.72%
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 55.34
Price Target
80.00 (+78%)
Dividend
1.39%
EV/EBITDA
19.02
P/E
-1.4K
EV/Sales
3.02
Sector
Real Estate Management and Development
Category
turnaround
Altus Group Limited - $AIF.TO
AIF.TO: CRE software/services co w/ ARGUS platform (backbone for valuations). Analytics margins expanding 25%→30% by end-2025, targeting 35-40% as software matures. ARGUS has pricing power: double-digit price increases, mid-90s GRR, new modules driving adoption. Portfolio cleanup: A&DA sale, rationalizing non-ARGUS assets. ~$170M EBITDA by 2028 at 35-40% margins, less ~$25M corporate costs = $140-150M. 20x multiple = $80 target, 50%+ upside over 2-3yrs
Read full article (6 min)