Aimia Inc. (AIM) AI Stock Analysis

• Market Cap: C$246.90M
• Dividend Yield: N/A
• Average Volume (3M): 74.28K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.72
• Revenue Growth: 8.11%
• EPS Growth: 97.99%
• Country: CA
• Employees: 18
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Asset Management
• EPS (TTM): >-0.01
• Shares Outstanding: 90,771,680
• 10 Day Avg. Volume: 48,861
• 30 Day Avg. Volume: 74,278
• PEG Ratio: 0.07
• Price to Book (P/B): 0.50
• Price to Sales (P/S): 0.50
• P/FCF Ratio: -22.48
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$3.75
• Price Target Upside: 35.87% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: C$3.00 ▲(8.70% Upside)

Aimia Inc.'s overall stock score reflects a mix of financial resilience and ongoing challenges. The company's strong equity position and strategic initiatives like share buybacks are positive, but profitability and valuation concerns weigh on the score. Improvements in earnings and financial metrics are promising, but market uncertainties and revenue declines in core holdings remain significant risks.

Positive Factors

Profitability Improvement

Achieving profitability after three years indicates a successful turnaround strategy, improving financial health and investor confidence.

Cash Position

A strong cash position enhances financial flexibility, allowing Aimia to invest in growth opportunities and weather economic uncertainties.

Cost Management

Effective cost management through reduced SG&A expenses supports margin improvement and operational efficiency, strengthening long-term profitability.

Negative Factors

Revenue Volatility

Volatile revenue growth can hinder strategic planning and investment, impacting long-term stability and market positioning.

Core Holdings Revenue Decline

Declining revenue in core holdings like Cortland suggests challenges in maintaining market share and competitiveness, affecting future growth.

Negative Profit Margins

Sustained negative profit margins indicate operational inefficiencies and may limit reinvestment capabilities, impacting long-term growth.

Aimia Inc. Business Overview & Revenue Model

Company Description

Aimia Inc. is a data-driven marketing and loyalty analytics company that specializes in managing loyalty programs and providing insights into customer behavior. The company operates primarily in the loyalty sector, offering services that encompass loyalty program management, data analytics, and customer engagement strategies. Aimia's core products include technology platforms that facilitate the design and operation of loyalty programs, along with consulting services that help businesses optimize their customer relationships and enhance brand loyalty.

How the Company Makes Money

Aimia Inc. generates revenue through several key streams, primarily centered around its loyalty program management services and consulting offerings. The company charges clients for the design, implementation, and ongoing management of loyalty programs, often based on a subscription model or a fee-for-service structure. Additionally, Aimia earns revenue from data analytics services by providing clients with insights into customer behavior and market trends, which are crucial for optimizing marketing strategies. Significant partnerships with various corporations and brands enhance its revenue potential by expanding its client base and providing integrated solutions that combine loyalty programs with other marketing initiatives. Furthermore, the company may also generate income from the sale of customer data and insights, providing additional value to its partners and clients.

Aimia Inc. Financial Statement Overview

Summary

Aimia Inc. shows financial resilience with a strong equity position and no debt, but faces profitability and liquidity challenges. Revenue growth is volatile, and the company needs to address negative profit margins and improve cash flows for a better financial outlook.

Income Statement

Aimia Inc. shows inconsistent revenue growth with a recent increase from $207.7M to $495.5M, indicating volatility. The gross profit margin remains positive, but EBIT and net profit margins are negative, reflecting ongoing operational challenges and losses.

Balance Sheet

The balance sheet is relatively strong with no total debt, resulting in a favorable debt-to-equity ratio. However, stockholders' equity has declined. The equity ratio is robust, suggesting reliance on equity financing rather than debt.

Cash Flow

Cash flow from operations has improved, but free cash flow remains negative. The cash flow situation suggests Aimia Inc. is still facing liquidity challenges, although there is some recovery in operating cash flows.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	525.30M	500.80M	203.10M	477.80M	12.60M	14.30M
Gross Profit	486.40M	132.00M	167.20M	477.80M	12.60M	14.30M
EBITDA	-4.20M	30.00M	-157.70M	445.40M	-11.40M	-7.30M
Net Income	-53.50M	-56.40M	-188.00M	440.10M	-16.40M	-4.10M
Balance Sheet
Total Assets	878.60M	900.40M	963.60M	804.00M	431.00M	444.20M
Cash, Cash Equivalents and Short-Term Investments	50.50M	95.50M	109.10M	505.30M	34.80M	146.10M
Total Debt	305.20M	168.80M	175.40M	0.00	0.00	0.00
Total Liabilities	512.20M	371.80M	380.50M	27.10M	27.00M	12.90M
Stockholders Equity	338.40M	499.70M	568.60M	776.90M	404.00M	431.30M
Cash Flow
Free Cash Flow	26.90M	-11.20M	-23.50M	-17.70M	21.40M	-32.00M
Operating Cash Flow	43.10M	2.10M	-12.30M	-17.70M	21.40M	-32.00M
Investing Cash Flow	-5.80M	38.10M	-452.00M	526.00M	-118.90M	108.80M
Financing Cash Flow	-80.80M	-57.80M	77.30M	-49.10M	-12.60M	-28.20M

Aimia Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.76
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AIM, the sentiment is Negative. The current price of 2.76 is below the 20-day moving average (MA) of 2.79, below the 50-day MA of 2.87, and below the 200-day MA of 2.84, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 43.10 is Neutral, neither overbought nor oversold. The STOCH value of 10.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:AIM.

Aimia Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
URB	71 Outperform	C$319.21M	4.06	20.24%	1.51%	-73.34%	40.59%
OLY	70 Neutral	C$287.56M	12.44	50.74%	6.42%	-2.76%	-12.20%
URB.A	69 Neutral	$344.99M	3.60	20.07%	1.56%	-73.34%	40.59%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
FSZ	61 Neutral	C$671.72M	17.89	11.26%	9.11%	-0.88%	-52.30%
STCK	61 Neutral	C$166.50M	3.91	26.60%	―	550.81%	―
AIM	59 Neutral	C$246.90M	-30.73	0.84%	―	8.11%	97.99%

Aimia Inc. Corporate Events

Aimia Inc. Enhances Shareholder Value Through Share Buyback Program

Aimia Inc. announced the repurchase and cancellation of 477,000 common shares in November 2025 as part of its normal course issuer bid program, representing 0.5% of its outstanding shares. This initiative is part of Aimia’s strategy to enhance shareholder value by reducing the share price discount to the intrinsic value of its net assets, while maintaining financial flexibility for future strategic directions.

Aimia Inc. Secures $8.8 Million Tax Refund to Bolster Investment Plans

Aimia Inc. has received a tax refund of $8.8 million from Revenu Québec, related to a 2013 income tax audit of a former subsidiary. This refund contributes to a total of $38.1 million received from the audit, which the company plans to use for its normal course issuer bid and general investment purposes. The resolution of this tax matter is expected to positively impact Aimia’s financial operations, allowing it to focus on strategic investments and shareholder value enhancement.

Aimia Inc. Declares Quarterly Preferred Share Dividends

Aimia Inc. announced the declaration of quarterly dividends on its preferred shares, with specific amounts set for Series 1, Series 3, and Series 4 shares, payable on December 31, 2025. This announcement reflects Aimia’s commitment to providing shareholder value and maintaining its financial obligations, potentially impacting investor confidence and market positioning.

Aimia Inc. Achieves First Quarterly Profit in Over Three Years

Aimia Inc. reported its first quarterly profit for equity holders in over three years, driven by strong performances from its core holdings and cost reduction efforts. Despite a slight decline in revenue due to challenging economic conditions, the company achieved a significant increase in adjusted EBITDA and operating cash flow. Aimia’s strategic focus on reducing holding company costs and optimizing its portfolio has strengthened its financial position, with increased liquidity and readiness for future capital allocation activities.

Aimia Inc. Advances Share Buyback Strategy in October

Aimia Inc. announced the repurchase and cancellation of 160,600 common shares in October 2025 as part of its normal course issuer bid program, representing 0.2% of its outstanding shares. This initiative is part of Aimia’s strategy to enhance shareholder value by reducing the discount of its share price relative to its intrinsic value, while maintaining financial flexibility for future strategic directions.

Aimia Inc. to Announce Q3 2025 Financial Results

Aimia Inc. is set to release its third quarter 2025 financial results on November 12, 2025. The announcement will be followed by a live webcast and teleconference call where management will present the results. This event is significant for stakeholders as it provides insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and shareholder value.

Aimia Inc. Updates on September Share Buybacks

Aimia Inc. announced that it repurchased and canceled 185,700 of its common shares in September 2025 under its normal course issuer bid program, representing 0.2% of its outstanding shares. This initiative is part of Aimia’s strategy to enhance shareholder value and address the discount of its share price relative to its intrinsic value. The company has repurchased 1,508,300 shares, or 25.5% of the allowable shares, under the current NCIB program. Aimia believes that share repurchases are a desirable use of funds, aligning with its strategic direction and capital allocation priorities.