ATAX:NSD-America First Multifamily Investors, L.P (USD)

COMMON STOCK | Mortgage Finance | NSD

Last Closing Price

USD 4.44

Change

+0.05 (+1.14)%

Market Cap

USD 0.27B

Volume

0.47M

Average Target Price

N/A
Average Analyst Rating

N/A

Fundamental Analysis

Verdict

About

America First Multifamily Investors, L.P. acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds (MRBs) that are issued to provide construction or permanent financing for multifamily and student housing, and commercial properties. It operates through four segments: Mortgage Revenue Bond Investments, MF Properties, Public housing Capital Fund Trust, and Other Investments. As of December 31, 2019, the company owned 76 MRBs, of which various bonds were issued by state and local housing authorities in order to provide construction or permanent financing for 66 residential properties comprising a total of 10,871 rental units located in 13 states in the United States. America First Capital Associates Limited Partnership Two serves as the general partner of the company. The company was founded in 1998 and is based in Omaha, Nebraska.

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2021-01-22 )

Largest Industry Peers for Mortgage Finance

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
TREE LendingTree, Inc

+3.83 (+1.22%)

USD4.12B 134.47 62.50
COOP Mr. Cooper Group Inc

+0.21 (+0.71%)

USD2.70B 4.88 11.07
ECPG Encore Capital Group, Inc

-2.73 (-8.28%)

USD1.03B 4.80 7.53
MRCC Monroe Capital Corporation

-0.01 (-0.12%)

USD0.19B 8.46 24.25
ASPS Altisource Portfolio Solutions..

+0.03 (+0.27%)

USD0.17B 1.60 19.03
MMAC MMA Capital Holdings, Inc

+0.03 (+0.12%)

USD0.14B 2.13 N/A

ETFs Containing ATAX

Symbol Name Weight Mer Price(Change) Market Cap

N/A

Market Performance

  Market Performance vs.
Industry/Classification (Mortgage Finance)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 4.47% 71% C- 42% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 4.47% 71% C- 42% F
Trailing 12 Months  
Capital Gain -42.19% 29% F 6% F
Dividend Return 3.97% 50% F 76% C
Total Return -38.22% 29% F 6% F
Trailing 5 Years  
Capital Gain -5.93% 43% F 24% F
Dividend Return 48.94% 50% F 95% A
Total Return 43.01% 71% C- 45% F
Average Annual (5 Year Horizon)  
Capital Gain -0.22% 43% F 38% F
Dividend Return 8.03% 50% F 95% A
Total Return 7.80% 43% F 57% F
Risk Return Profile  
Volatility (Standard Deviation) 24.76% 71% C- 59% F
Risk Adjusted Return 31.49% 57% F 56% F
Market Capitalization 0.27B 57% F 40% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Mortgage Finance)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 19.10 29% F 51% F
Price/Book Ratio 0.73 86% B 94% A
Price / Cash Flow Ratio 14.78 43% F 27% F
EV/EBITDA 14.06 67% D+ 57% F
Management Effectiveness  
Return on Equity 3.78% 57% F 59% F
Return on Invested Capital 2.97% 43% F 53% F
Return on Assets 1.53% 43% F 64% D
Debt to Equity Ratio 95.13% 57% F 24% F
Technical Ratios  
Short Ratio 0.08 100% A+ 95% A
Short Percent 0.05% 100% A+ 98% A+
Beta 0.58 100% A+ 83% B
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Dividend Growth

This stock has shown top quartile dividend growth in the previous 5 years compared to its sector

What to not like:
Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Poor capital utilization

The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.

Poor return on assets

The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector