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6.97 (1y: +25%)
Market Cap 293.42 M P/E(ttm) 23.40
Enterprise Value 249.44 M P/B 1.64
ATAX- NAS (USA)
America First Tax Exempt Investors, L.P.
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$6.97
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GuruFocus Financial Strength Rank measures how strong a companyย’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 : 4/10

vs
industry		 vs
history
Cash to Debt 1.109
ATAX's Cash to Debt is ranked higher than
57% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.63 vs. ATAX: 1.109 )
ATAX' s 10-Year Cash to Debt Range
Min: 0.05   Max: 1.11
Current: 1.11
0.05
1.11
Equity to Asset 0.44
ATAX's Equity to Asset is ranked higher than
87% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.09 vs. ATAX: 0.44 )
ATAX' s 10-Year Equity to Asset Range
Min: 0.24   Max: 0.93
Current: 0.44
0.24
0.93
Interest Coverage No Debt
ATAX's Interest Coverage is ranked lower than
94% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 10000.00 vs. ATAX: No Debt )
ATAX' s 10-Year Interest Coverage Range
Min: 1   Max: No Debt
Current: No Debt
F-Score: 6
Z-Score: 1.55
M-Score: -1.79
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’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.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

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 (%) 11.00
ATAX's Operating margin (%) is ranked lower than
71% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 24.60 vs. ATAX: 11.00 )
ATAX' s 10-Year Operating margin (%) Range
Min: -13.9   Max: 87.7
Current: 11
-13.9
87.7
Net-margin (%) 35.4
ATAX's Net-margin (%) is ranked higher than
87% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 18.10 vs. ATAX: 35.4 )
ATAX' s 10-Year Net-margin (%) Range
Min: -185.5   Max: 114.1
Current: 35.4
-185.5
114.1
ROE (%) 4.9
ATAX's ROE (%) is ranked lower than
60% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 6.20 vs. ATAX: 4.9 )
ATAX' s 10-Year ROE (%) Range
Min: -135   Max: 49.4
Current: 4.9
-135
49.4
ROA (%) 2.2
ATAX's ROA (%) is ranked higher than
94% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.70 vs. ATAX: 2.2 )
ATAX' s 10-Year ROA (%) Range
Min: -31.9   Max: 17.5
Current: 2.2
-31.9
17.5
ROC (Joel Greenblatt) (%) 3.10
ATAX's ROC (Joel Greenblatt) (%) is ranked higher than
64% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.00 vs. ATAX: 3.10 )
ATAX' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -3.2   Max: 112.9
Current: 3.1
-3.2
112.9
Revenue Growth (%) -14.4
ATAX's Revenue Growth (%) is ranked lower than
91% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.00 vs. ATAX: -14.4 )
ATAX' s 10-Year Revenue Growth (%) Range
Min: -15.7   Max: 21.2
Current: -14.4
-15.7
21.2
EBITDA Growth (%) 6
ATAX's EBITDA Growth (%) is ranked higher than
71% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.00 vs. ATAX: 6 )
ATAX' s 10-Year EBITDA Growth (%) Range
Min: -31.7   Max: 12.4
Current: 6
-31.7
12.4
EPS Growth (%) -1.7
ATAX's EPS Growth (%) is ranked lower than
86% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.00 vs. ATAX: -1.7 )
ATAX' s 10-Year EPS Growth (%) Range
Min: -33.1   Max: 26.9
Current: -1.7
-33.1
26.9
ยป ATAX's 10-Y Financials

Financials


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

» Details

Guru Trades
Q2 2012

ATAX Guru Trades in Q2 2012

Jim Simons 220,100 sh (+1293.04%)
» More
Q3 2012

ATAX Guru Trades in Q3 2012

Jim Simons 235,500 sh (+7%)
» More
Q4 2012

ATAX Guru Trades in Q4 2012

Jim Simons 260,022 sh (+10.41%)
» More
Q1 2013

ATAX Guru Trades in Q1 2013

Jim Simons 250,322 sh (-3.73%)
» More
» Details

Insider Trades

Latest Guru Trades with ATAX



No Insider Trades Found!

Ratios

vs
industry		 vs
history
P/E(ttm) 23.40
ATAX's P/E(ttm) is ranked lower than
83% of the 792 Companies
in the Global Specialty Finance industry.

( Industry Median: 13.80 vs. ATAX: 23.40 )
ATAX' s 10-Year P/E(ttm) Range
Min: 3.47   Max: 8.11369E+17
Current: 23.4
3.47
8.11369E+17
P/B 1.64
ATAX's P/B is ranked lower than
86% of the 876 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.94 vs. ATAX: 1.64 )
ATAX' s 10-Year P/B Range
Min: 0.7   Max: 3.13
Current: 1.64
0.7
3.13
P/S 8.71
ATAX's P/S is ranked lower than
96% of the 894 Companies
in the Global Specialty Finance industry.

( Industry Median: 2.45 vs. ATAX: 8.71 )
ATAX' s 10-Year P/S Range
Min: 2.5   Max: 10
Current: 8.71
2.5
10
PFCF 139.40
ATAX's PFCF is ranked lower than
99% of the 694 Companies
in the Global Specialty Finance industry.

( Industry Median: 6.90 vs. ATAX: 139.40 )
ATAX' s 10-Year PFCF Range
Min: 8.87   Max: 2.97238E+17
Current: 139.4
8.87
2.97238E+17
EV-to-EBIT 28.69
ATAX's EV-to-EBIT is ranked lower than
77% of the 745 Companies
in the Global Specialty Finance industry.

( Industry Median: 15.84 vs. ATAX: 28.69 )
ATAX' s 10-Year EV-to-EBIT Range
Min: 11.5   Max: 711.1
Current: 28.69
11.5
711.1
Shiller P/E 76.21
ATAX's Shiller P/E is ranked lower than
100% of the Companies
in the Global Specialty Finance industry.

( Industry Median: vs. ATAX: 76.21 )
ATAX' s 10-Year Shiller P/E Range
Min: 5.24   Max: 98.29
Current: 76.21
5.24
98.29

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 7.17
ATAX's Dividend Yield is ranked higher than
97% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.59 vs. ATAX: 7.17 )
ATAX' s 10-Year Dividend Yield Range
Min: 2.02   Max: 12.56
Current: 7.17
2.02
12.56
Dividend Payout 2.5
ATAX's Dividend Payout is ranked lower than
99% of the 575 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.30 vs. ATAX: 2.5 )
ATAX' s 10-Year Dividend Payout Range
Min: 0.27   Max: 7.17
Current: 2.5
0.27
7.17
Dividend growth (3y) -0.5
ATAX's Dividend growth (3y) is ranked lower than
76% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.00 vs. ATAX: -0.5 )
ATAX' s 10-Year Dividend growth (3y) Range
Min: 0   Max: -0.5
Current: -0.5
Yield on cost (5-Year) 6.52
ATAX's Yield on cost (5-Year) is ranked higher than
95% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.20 vs. ATAX: 6.52 )
ATAX' s 10-Year Yield on cost (5-Year) Range
Min: 1.85   Max: 11.53
Current: 6.52
1.85
11.53
Share Buyback Rate -22.4
ATAX's Share Buyback Rate is ranked lower than
94% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: -0.30 vs. ATAX: -22.4 )
ATAX' s 10-Year Share Buyback Rate Range
Min: 0.4   Max: -22.4
Current: -22.4

Valuation & Return

vs
industry		 vs
history
Price/Net Cash 30.7
ATAX's Price/Net Cash is ranked lower than
87% of the 23 Companies
in the Global Specialty Finance industry.

( Industry Median: 7.30 vs. ATAX: 30.7 )
ATAX' s 10-Year Price/Net Cash Range
Min: 25.7   Max: 524
Current: 30.7
25.7
524
Price/Net Current Asset Value 44.4
ATAX's Price/Net Current Asset Value is ranked lower than
77% of the 163 Companies
in the Global Specialty Finance industry.

( Industry Median: 10.60 vs. ATAX: 44.4 )
ATAX' s 10-Year Price/Net Current Asset Value Range
Min: 30.9   Max: 299
Current: 44.4
30.9
299
Price/Tangible Book 1.7
ATAX's Price/Tangible Book is ranked lower than
78% of the 797 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.10 vs. ATAX: 1.7 )
ATAX' s 10-Year Price/Tangible Book Range
Min: 0.7   Max: 2.6
Current: 1.7
0.7
2.6
Price/DCF (Projected) 2.4
ATAX's Price/DCF (Projected) is ranked lower than
96% of the 503 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.60 vs. ATAX: 2.4 )
ATAX' s 10-Year Price/DCF (Projected) Range
Min: 0.5   Max: 2
Current: 2.4
0.5
2
Price/Median PS Value 1.9
ATAX's Price/Median PS Value is ranked lower than
88% of the 853 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.00 vs. ATAX: 1.9 )
ATAX' s 10-Year Price/Median PS Value Range
Min: 0.6   Max: 1.6
Current: 1.9
0.6
1.6
Price/Graham Number 2.8
ATAX's Price/Graham Number is ranked lower than
98% of the 763 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.80 vs. ATAX: 2.8 )
ATAX' s 10-Year Price/Graham Number Range
Min: 0.4   Max: 5.1
Current: 2.8
0.4
5.1
Earnings Yield (Greenblatt) 3.50
ATAX's Earnings Yield (Greenblatt) is ranked lower than
64% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 5.20 vs. ATAX: 3.50 )
ATAX' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.1   Max: 8.7
Current: 3.5
0.1
8.7
Forward Rate of Return (Yacktman) -16.67
ATAX's Forward Rate of Return (Yacktman) is ranked lower than
97% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 3.38 vs. ATAX: -16.67 )
ATAX' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -33.8   Max: 28.5
Current: -16.67
-33.8
28.5

Business Description

America First Tax Exempt Investors, L.P. was formed on April 2, 1998 for the primary purpose of acquiring a portfolio of federally tax-exempt mortgage revenue bonds that are issued to provide construction and/or permanent financing of multifamily residential properties. Interest paid on these bonds is excludable from gross income for federal income tax purposes. As a result, most of the income earned by the Partnership is exempt from federal income taxes. The Partnership has been in operation since 1998 and owned 20 federally tax-exempt mortgage revenue bonds with an aggregate outstanding principal amount of $188.6 million as of December 31, 2011. These bonds were issued by various state and local housing authorities in order to provide construction and/or permanent financing of 20 multifamily residential apartments containing a total of 3,959 rental units located in the states of Florida, Illinois, Iowa, Kansas, Kentucky, Minnesota, Ohio, South Carolina, Tennessee, and Texas. In each case the Partnership owns, either directly or indirectly, 100% of the bonds issued for these properties. Each bond is secured by a first mortgage or deed of trust on the financed apartment property. Each of the bonds provides for "base" interest payable at a fixed rate on a periodic basis. Additionally, five of the bonds also provide for the payment of contingent interest determined by the net cash flow and net capital appreciation of the underlying real estate properties. The Company's business objectives are to (i) preserve and protect its capital and (ii) provide regular and increasing cash distributions to the Company's unitholders which are substantially exempt from federal income tax. The Company has sought to meet these objectives by primarily investing in a portfolio of tax-exempt mortgage revenue bonds that were issued to finance, and are secured by first mortgages on, multifamily apartment properties, including student housing. The Partnership competes with private investors, lending institutions, trust funds, investment partnerships and other entities with objectives similar to the Partnership for the acquisition of tax-exempt mortgage revenue bonds and other investments. The Partnership believes that each of the MF Properties and the properties collateralizing its tax-exempt mortgage revenue bonds are in compliance, in all material respects, with federal, state and local regulations regarding hazardous waste and other environmental matters.
Company Website
SEC Reports
Industry: Specialty Finance
Compare:HKXCY, WU, ASXFY, CIT, KFN
ยป More Articles for ATAX

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America First Tax Exempt Investors L.P. Reports Operating Results (10-Q) May 12 2009 

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