Atrium Mortgage Investment Corporation
The Highest-Yielding Publicly Traded MIC
Published: 11/23/2023
Author: Sid Rajeev, B.Tech, CFA, MBA
Sector: Financial Services | Industry: Mortgage Finance
Ticker Symbols:
AI.TO - TSX 🔹
AMIVF - NASDAQ 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | US $10.29 |
| Fair Value | US $13.34 |
| Risk | 3 |
| Week Range | US $9.76-12.48 |
| Shares O/S (M) | 44 |
| Market Cap. (M) | US $452 |
| Current Yield (%) | 11.3 |
| P/E (forward) | 8.7x |
| P/B | 0.9x |
Hightlights
For Q3-2023, AI reported record revenue (up 24% YoY), beating our estimate by 4% amid higher than expected lending rates.
EPS decreased 7% YoY, and was 1% lower than our forecast, due to a 389% YoY increase in loan loss provisions.
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | US $10.29 |
| Fair Value | US $13.34 |
| Risk | 3 |
| Week Range | US $9.76-12.48 |
| Shares O/S (M) | 44 |
| Market Cap. (M) | US $452 |
| Current Yield (%) | 11.3 |
| P/E (forward) | 8.7x |
| P/B | 0.9x |
