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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.19
ATAX's Cash to Debt is ranked lower than
85% of the 974 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.46 vs. ATAX: 0.19 )
ATAX' s 10-Year Cash to Debt Range
Min: 0.06   Max: No Debt
Current: 0.19

Equity to Asset 0.39
ATAX's Equity to Asset is ranked higher than
95% of the 1284 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.10 vs. ATAX: 0.39 )
ATAX' s 10-Year Equity to Asset Range
Min: 0.22   Max: 0.99
Current: 0.39

0.22
0.99
Interest Coverage 1.32
ATAX's Interest Coverage is ranked lower than
56% of the 1196 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.68 vs. ATAX: 1.32 )
ATAX' s 10-Year Interest Coverage Range
Min: 0.04   Max: 9999.99
Current: 1.32

0.04
9999.99
F-Score: 5
Z-Score: 1.49
M-Score: -3.35
WACC vs ROIC
5.21%
2.46%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating margin (%) 23.52
ATAX's Operating margin (%) is ranked lower than
63% of the 1347 Companies
in the Global Specialty Finance industry.

( Industry Median: 29.14 vs. ATAX: 23.52 )
ATAX' s 10-Year Operating margin (%) Range
Min: -11.18   Max: 85.54
Current: 23.52

-11.18
85.54
Net-margin (%) 23.52
ATAX's Net-margin (%) is ranked higher than
59% of the 1347 Companies
in the Global Specialty Finance industry.

( Industry Median: 21.19 vs. ATAX: 23.52 )
ATAX' s 10-Year Net-margin (%) Range
Min: -262.64   Max: 128.25
Current: 23.52

-262.64
128.25
ROE (%) 3.91
ATAX's ROE (%) is ranked lower than
79% of the 1344 Companies
in the Global Specialty Finance industry.

( Industry Median: 8.16 vs. ATAX: 3.91 )
ATAX' s 10-Year ROE (%) Range
Min: -71.65   Max: 57.91
Current: 3.91

-71.65
57.91
ROA (%) 1.64
ATAX's ROA (%) is ranked higher than
86% of the 1351 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.81 vs. ATAX: 1.64 )
ATAX' s 10-Year ROA (%) Range
Min: -27.56   Max: 17.03
Current: 1.64

-27.56
17.03
ROC (Joel Greenblatt) (%) 2.93
ATAX's ROC (Joel Greenblatt) (%) is ranked lower than
89% of the 1333 Companies
in the Global Specialty Finance industry.

( Industry Median: 75.43 vs. ATAX: 2.93 )
ATAX' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -2.52   Max: 19.3
Current: 2.93

-2.52
19.3
Revenue Growth (3Y)(%) 4.40
ATAX's Revenue Growth (3Y)(%) is ranked higher than
64% of the 1131 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.70 vs. ATAX: 4.40 )
ATAX' s 10-Year Revenue Growth (3Y)(%) Range
Min: 0   Max: 17.7
Current: 4.4

0
17.7
EBITDA Growth (3Y)(%) 24.50
ATAX's EBITDA Growth (3Y)(%) is ranked higher than
84% of the 984 Companies
in the Global Specialty Finance industry.

( Industry Median: 7.40 vs. ATAX: 24.50 )
ATAX' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0   Max: 38.2
Current: 24.5

0
38.2
» ATAX's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2014

ATAX Guru Trades in Q2 2014

Jim Simons 81,895 sh (-48.15%)
» More
Q3 2014

ATAX Guru Trades in Q3 2014

Jim Simons 22,200 sh (-72.89%)
» More
Q4 2014

ATAX Guru Trades in Q4 2014

Jim Simons 180,498 sh (+713.05%)
» More
Q1 2015

ATAX Guru Trades in Q1 2015

Jim Simons 80,616 sh (-55.34%)
» More
» Details

Insider Trades

Latest Guru Trades with ATAX

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 32.40
ATAX's P/E(ttm) is ranked lower than
104% of the 1210 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.00 vs. ATAX: 32.40 )
ATAX' s 10-Year P/E(ttm) Range
Min: 3.1   Max: 646.67
Current: 32.4

3.1
646.67
Forward P/E 18.25
ATAX's Forward P/E is ranked lower than
99% of the 752 Companies
in the Global Specialty Finance industry.

( Industry Median: 11.48 vs. ATAX: 18.25 )
N/A
PE(NRI) 31.40
ATAX's PE(NRI) is ranked lower than
88% of the 1209 Companies
in the Global Specialty Finance industry.

( Industry Median: 14.10 vs. ATAX: 31.40 )
ATAX' s 10-Year PE(NRI) Range
Min: 5.64   Max: 99999999.99
Current: 31.4

5.64
99999999.99
P/B 1.10
ATAX's P/B is ranked lower than
59% of the 1311 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.00 vs. ATAX: 1.10 )
ATAX' s 10-Year P/B Range
Min: 0.9   Max: 3.13
Current: 1.1

0.9
3.13
P/S 6.80
ATAX's P/S is ranked lower than
119% of the 1330 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.00 vs. ATAX: 6.80 )
ATAX' s 10-Year P/S Range
Min: 3.34   Max: 11.1
Current: 6.8

3.34
11.1
PFCF 141.90
ATAX's PFCF is ranked lower than
123% of the 878 Companies
in the Global Specialty Finance industry.

( Industry Median: 7.70 vs. ATAX: 141.90 )
ATAX' s 10-Year PFCF Range
Min: 14.34   Max: 582
Current: 141.9

14.34
582
POCF 17.15
ATAX's POCF is ranked lower than
78% of the 958 Companies
in the Global Specialty Finance industry.

( Industry Median: 9.38 vs. ATAX: 17.15 )
ATAX' s 10-Year POCF Range
Min: 10.73   Max: 149.5
Current: 17.15

10.73
149.5
EV-to-EBIT 61.90
ATAX's EV-to-EBIT is ranked lower than
93% of the 1372 Companies
in the Global Specialty Finance industry.

( Industry Median: 14.37 vs. ATAX: 61.90 )
ATAX' s 10-Year EV-to-EBIT Range
Min: -265.8   Max: 753.1
Current: 61.9

-265.8
753.1
Shiller P/E 40.60
ATAX's Shiller P/E is ranked lower than
121% of the 759 Companies
in the Global Specialty Finance industry.

( Industry Median: 14.40 vs. ATAX: 40.60 )
ATAX' s 10-Year Shiller P/E Range
Min: 7.13   Max: 662.6
Current: 40.6

7.13
662.6
Current Ratio 48.09
ATAX's Current Ratio is ranked higher than
94% of the 70 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.66 vs. ATAX: 48.09 )
ATAX' s 10-Year Current Ratio Range
Min: 1.44   Max: 48.09
Current: 48.09

1.44
48.09
Quick Ratio 48.09
ATAX's Quick Ratio is ranked higher than
94% of the 70 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.66 vs. ATAX: 48.09 )
ATAX' s 10-Year Quick Ratio Range
Min: 1.44   Max: 48.09
Current: 48.09

1.44
48.09
Days Sales Outstanding 43.31
ATAX's Days Sales Outstanding is ranked lower than
60% of the 770 Companies
in the Global Specialty Finance industry.

( Industry Median: 34.65 vs. ATAX: 43.31 )
ATAX' s 10-Year Days Sales Outstanding Range
Min: 3.42   Max: 123.11
Current: 43.31

3.42
123.11

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 8.90
ATAX's Dividend Yield is ranked higher than
95% of the 1339 Companies
in the Global Specialty Finance industry.

( Industry Median: 3.50 vs. ATAX: 8.90 )
ATAX' s 10-Year Dividend Yield Range
Min: 6.51   Max: 12.56
Current: 8.9

6.51
12.56
Dividend Payout 2.69
ATAX's Dividend Payout is ranked lower than
117% of the 1089 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.28 vs. ATAX: 2.69 )
ATAX' s 10-Year Dividend Payout Range
Min: 0.08   Max: 62.5
Current: 2.69

0.08
62.5
Yield on cost (5-Year) 8.77
ATAX's Yield on cost (5-Year) is ranked higher than
83% of the 1341 Companies
in the Global Specialty Finance industry.

( Industry Median: 4.46 vs. ATAX: 8.77 )
ATAX' s 10-Year Yield on cost (5-Year) Range
Min: 6.41   Max: 12.37
Current: 8.77

6.41
12.37
Share Buyback Rate -25.40
ATAX's Share Buyback Rate is ranked lower than
92% of the 915 Companies
in the Global Specialty Finance industry.

( Industry Median: -1.40 vs. ATAX: -25.40 )
ATAX' s 10-Year Share Buyback Rate Range
Min: 1.1   Max: -30.9
Current: -25.4

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.10
ATAX's Price/Tangible Book is ranked higher than
52% of the 1286 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.10 vs. ATAX: 1.10 )
ATAX' s 10-Year Price/Tangible Book Range
Min: 0.69   Max: 2.94
Current: 1.1

0.69
2.94
Price/DCF (Projected) 1.50
ATAX's Price/DCF (Projected) is ranked lower than
103% of the 778 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.60 vs. ATAX: 1.50 )
ATAX' s 10-Year Price/DCF (Projected) Range
Min: 0.45   Max: 2.55
Current: 1.5

0.45
2.55
Price/Median PS Value 1.20
ATAX's Price/Median PS Value is ranked lower than
72% of the 1285 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.00 vs. ATAX: 1.20 )
ATAX' s 10-Year Price/Median PS Value Range
Min: 0.64   Max: 9.81
Current: 1.2

0.64
9.81
Price/Peter Lynch Fair Value 5.50
ATAX's Price/Peter Lynch Fair Value is ranked lower than
122% of the 381 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.90 vs. ATAX: 5.50 )
ATAX' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.15   Max: 58.38
Current: 5.5

0.15
58.38
Price/Graham Number 1.20
ATAX's Price/Graham Number is ranked lower than
89% of the 1193 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.80 vs. ATAX: 1.20 )
ATAX' s 10-Year Price/Graham Number Range
Min: 0.42   Max: 22.07
Current: 1.2

0.42
22.07
Earnings Yield (Greenblatt) 1.60
ATAX's Earnings Yield (Greenblatt) is ranked lower than
94% of the 1334 Companies
in the Global Specialty Finance industry.

( Industry Median: 7.30 vs. ATAX: 1.60 )
ATAX' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.1   Max: 17.9
Current: 1.6

0.1
17.9
Forward Rate of Return (Yacktman) 5.35
ATAX's Forward Rate of Return (Yacktman) is ranked lower than
70% of the 761 Companies
in the Global Specialty Finance industry.

( Industry Median: 14.69 vs. ATAX: 5.35 )
ATAX' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -8.7   Max: 20.4
Current: 5.35

-8.7
20.4

Business Description

Industry: Banks » Specialty Finance
Compare:HKXCY, WU, ASXFY, CIT, KFN » details
America First Multifamily Investors LP was formed on April 2, 1998, under the Delaware Revised Uniform Limited Partnership Act. The Company is engaged in acquiring, holding, selling and otherwise dealing with a portfolio of mortgage revenue bonds which have been issued to provide construction and/or permanent financing of multifamily residential apartments. Its general partner is America First Capital Associates Limited Partnership Two. It provides construction and/or permanent financing of 32 multifamily residential apartments containing a total of 5,409 rental units located in the states of California, Florida, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, North Carolina, Ohio, South Carolina, Tennessee, and Texas. In each case the Company owns, either directly or indirectly, 100% of the bonds issued for these properties. Each bond is secured by a mortgage or deed of trust on the financed apartment property. The Company currently operates in five reportable business segments; Mortgage Revenue Bond Investments; MF Properties; Public Housing Capital Fund Trusts; MBS Investments; and Consolidated VIEs. The Company invests in mortgage revenue bonds that are secured by a mortgage or deed of trust on multifamily apartment projects. Each of these bonds bears interest at a fixed annual base rate. It may invest in other types of securities that may or may not be secured by real estate. Public housing capital fund trusts consist of custodial receipts evidencing loans made to a number of public housing authorities. It also invests in state-issued MBS that are backed by residential mortgage loans. These MBS are rated investment grade by Standard & Poor's or Moody's. The Company competes with private investors, lending institutions, trust funds, investment partnerships, and other entities with objectives similar to the Company for the acquisition of mortgage revenue bonds and other investments. The Company believes that each of the MF Properties and the properties collateralizing its mortgage revenue bonds are in compliance, in all material respects, with federal, state and local regulations regarding hazardous waste and other environmental matters and is not aware of any environmental contamination at any of such properties that would require any material capital expenditure by the underlying properties, and therefore the Company, for the remediation thereof.
» More Articles for ATAX

Headlines

Articles On GuruFocus.com
Best Yielding Mortgage Investment Stocks Jul 11 2011 
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America First Tax Exempt Investors L.P. Reports Operating Results (10-Q) Nov 06 2009 
America First Tax Exempt Investors L.P. Reports Operating Results (10-Q) Aug 07 2009 
America First Tax Exempt Investors L.P. Reports Operating Results (10-Q) May 12 2009 

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