background-altamir-home Performance
Altamir shareholders have access to the Private Equity asset class, benefit from recurring dividends and from a unique tax-exempt investment vehicle due to the status of SCR.
NAV per share evolution
Srong increase of the NAV over the last 10 years
Graph 1 EN - NAV (Net Asset Value) is the key performance indicator monitored by Altamir to value its assets and measure its growth: it is calculated 4 times a year, for quarterly, half-yearly and yearly results publications.
- Altamir’s NAV is calculated based on the statutory shareholders’ equity, restated to integrate the portfolio companies at their ‘fair value’ as calculated by the Apax fund managers in accordance with IPEV (International Private Equity Valuation organisation) recommendations.
- Unlisted companies are valued every half-year and listed companies are valued every quarter.
- As of 31 December 2021, NAV stood at €37.81 per share (after dividend payment), up 25.9% compared to 31 December 2020 (30.9€/share). Over the last 5 and 10 years NAV TR was 18.5% and 15.3% respectively (CAGR).
A sustainable and attractive dividend policy
A sustainable and attractive dividend policy
Graph 3 EN - Each year Altamir distributes a dividend corresponding to 2 to 3% of its NAV, which represents a yield of 4 to 5%.
- The dividend approved at the 2022 AGM is 1.13€/share.
- Practical information:
– Dividend for the year 2022: €1.13 per share
– Dividend payment: cash
– Ex dividend date: 25 May 2022
– Payment date: 27 May 2022
- The 2020 dividend initially served in 2021 was €1.09/share.
Stock performance
A Total Shareholder Return higher than benchmark indices
Graph 2 EN - The Total Shareholder Return measures the value created for the shareholder: it takes into account the share price evolution as well as the dividends distributed.
- As of 31 December 2021, Altamir TSR is 539% over 10 years and 144% over 5 years, outperforming the LPX Europe (respectively 401% and 100%). It represents a total CAGR of 20.4% over 10 years and 19.5% over 5 years.