AFHIF · Atlas Financial Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $4.84M | $9.55M | $120.60M | $221.77M | $221.97M | $177.58M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | $10.67M | $23.00M | $133.37M | $285.97M | $266.13M | $177.07M |
| D&A | $1.83M | $3.17M | $3.85M | $2.91M | $1.37M | $1.00M |
| Operating Income | ($13.45M) | ($13.45M) | ($12.78M) | ($64.20M) | ($44.15M) | $512.0K |
| Interest Expense | $2.23M | $1.93M | $1.47M | $1.87M | $1.84M | $1.03M |
| Income Tax | $0 | ($484.0K) | $223.0K | $15.81M | ($5.34M) | ($2.13M) |
| Net Income | ($5.67M) | ($12.73M) | ($20.43M) | ($80.01M) | ($38.81M) | $2.65M |
| EPS - Basic | ($0.44) | ($1.06) | ($1.71) | ($6.67) | ($3.22) | $0.20 |
| EPS - Diluted | ($0.44) | ($1.06) | ($1.71) | ($6.67) | ($3.22) | $0.19 |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.27M | $5.24M | $9.03M | $34.90M | $45.62M | $29.89M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $48.19M | $119.70M | $150.86M | $470.34M | $482.50M | $423.58M |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $73.69M | $140.59M | $159.32M | $464.64M | $391.86M | $296.24M |
| Stockholders' Equity | ($25.50M) | ($20.89M) | ($8.46M) | $5.70M | $90.64M | $127.34M |
| Retained Earnings | ($105.63M) | ($100.20M) | ($87.47M) | ($190.50M) | ($110.53M) | ($71.72M) |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($11.66M) | ($24.53M) | ($48.76M) | ($26.44M) | $26.47M | $170.0K |
| Investing Cash Flow | $3.35M | $10.38M | $67.74M | $19.07M | ($15.91M) | $8.41M |
| Financing Cash Flow | $2.17M | $3.85M | ($183.0K) | ($3.34M) | $5.16M | ($1.05M) |
| CapEx | $4.0K | $200.0K | $2.55M | $9.83M | $14.05M | $10.18M |
| Free Cash Flow | ($11.67M) | ($24.73M) | ($51.30M) | ($36.27M) | $12.42M | ($10.01M) |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | -278.0% | -140.9% | -10.6% | -28.9% | -19.9% | 0.3% |
| EBITDA margin | -240.3% | -107.7% | -7.4% | -27.6% | -19.3% | 0.9% |
| Net margin | -117.2% | -133.4% | -16.9% | -36.1% | -17.5% | 1.5% |
| Free cash flow margin | -241.2% | -259.1% | -42.5% | -16.4% | 5.6% | -5.6% |
| FCF / Net income | 2.06 | 1.94 | 2.51 | 0.45 | -0.32 | -3.78 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | -416.8% |
| Return on assets | -11.8% | -10.6% | -13.5% | -17.0% | -8.0% | 0.6% |
| Return on equity | 22.2% | 60.9% | 241.4% | -1404.0% | -42.8% | 2.1% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -6.0x | -7.0x | -8.7x | -34.4x | -24.0x | 0.5x |
| Equity multiplier | -1.89 | -5.73 | -17.83 | 82.53 | 5.32 | 3.33 |
| Liabilities / Assets | 1.53 | 1.17 | 1.06 | 0.99 | 0.81 | 0.70 |
| Efficiency | ||||||
| Asset turnover | 0.10 | 0.08 | 0.80 | 0.47 | 0.46 | 0.42 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -49.3% | -92.1% | -45.6% | -0.1% | 25.0% | 13.2% |
| Revenue CAGR (3y) | -72.1% | -65.0% | -12.1% | 12.2% | 29.8% | 33.9% |
| Revenue CAGR (5y) | -51.4% | -42.9% | 3.5% | 24.5% | 39.0% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 0.0% | -5.3% | 80.1% | -45.4% | - | -97.7% |
| Net income growth (YoY) | 55.5% | 37.7% | 74.5% | -106.2% | - | -81.7% |
| EPS growth (YoY) | 58.5% | 38.0% | 74.4% | -107.1% | - | -83.2% |
| EPS CAGR (3y) | - | - | - | - | - | -36.4% |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 52.8% | 51.8% | -41.4% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -22.1% | -146.9% | - | -93.7% | -28.8% | -1.8% |
Stability scores
Piotroski F-score
FY 2021 · 9-point quality
1/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✗Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Fire, Marine & Casualty Insurance
Comparing Atlas Financial Holdings against the 5 most active filers in the same SIC group.