AIM-PA.TO

Financial Services

Aimia Inc. · Financial - Diversified · $530M

UQS Score — Balanced Preset
38.8
Below Average

Aimia Inc. scores 38.8/100 using the Balanced preset.

UQS vs Financial Services Sector
AIM-PA.TO
38.8
Sector avg
39.7
Quality
Weak
Moat
Weak
Growth
Weak
Risk
Neutral
Valuation
Good

What is Aimia Inc.?

Aimia Inc. is a Toronto-based investment holding company focused on long-term stakes in public and private businesses. It operates across investment management and direct holdings, spanning loyalty programs, technology, and outdoor advertising.

Aimia generates returns through two core segments: Holdings and Investment Management. Its subsidiary, Mittleman Investment Management, provides discretionary portfolio management to institutional investors and high-net-worth individuals. On the holdings side, Aimia owns and operates Club Premier, a coalition loyalty program, and holds stakes in a B2B technology company, an outdoor advertising firm, and a cross-border automotive trading platform. The business is structured around patient, long-duration capital deployment rather than short-term trading.

Aimia was incorporated in 2008 and is headquartered in Toronto, Canada.

  • Club Premier coalition loyalty program
  • Discretionary portfolio management via Mittleman Investment Management
  • B2B cross-border automotive trading platform
  • Stakes in outdoor advertising and B2B technology businesses
  • Investment advisory services for institutional and high-net-worth clients

Is AIM-PA.TO a Good Stock to Buy?

UQS Score rates AIM-PA.TO as Below Average overall.

Among the five pillars, Valuation stands out as the relative bright spot, rated Good — suggesting the preferred shares are not priced at a premium relative to what the underlying business delivers. The Risk pillar comes in at Neutral, indicating the company does not carry an outsized threat profile compared to peers in the Financial Services sector.

Quality, Moat, and Growth are all rated Weak, pointing to limited competitive differentiation, constrained earnings quality, and a lack of visible near-term expansion drivers — meaningful headwinds for long-term compounding.

See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does AIM-PA.TO pay dividends?

Yes — Aimia Inc. pays a dividend.

Aimia pays a regular dividend on its preferred shares, which is a key feature of the AIM-PA.TO instrument. Preferred dividends are typically structured with priority over common equity distributions, offering a degree of income predictability. This income component may appeal to investors seeking yield from a holding-company structure, though the underlying business fundamentals remain a consideration.

When does AIM-PA.TO report earnings?

Aimia reports earnings on a quarterly cadence, consistent with standard practice for TSX-listed companies.

Given the Weak ratings across Quality and Growth pillars, recent operating results have not demonstrated strong momentum in earnings quality or revenue expansion. The holding-company model means results can vary materially depending on portfolio valuations and investment activity in any given quarter.

For the most recent quarter's results and management commentary, visit Aimia's investor relations page directly.

AIM-PA.TO Price History

+61.4% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in Aimia Inc.?

CAD
Today it would be worth
CAD 18,549
That's a +85.5% total return, or +13.2% annualized.

Based on Aimia Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

AIM-PA.TO Long-term Outlook

The combination of Weak Growth and Weak Quality pillars suggests the near-term fundamental outlook for Aimia is cautious. The holding-company model introduces variability — portfolio revaluations and asset sales can drive lumpy results. The Neutral Risk rating provides some reassurance that extreme downside scenarios are not the base case, while the Good Valuation label indicates the market has already priced in much of the uncertainty.

Growth drivers

  • Potential value realization from private portfolio holdings, including Club Premier
  • Expansion of Mittleman Investment Management's assets under management
  • Strategic acquisitions or divestitures that unlock holding-company discount

Key risks

  • Weak Moat rating signals limited pricing power and competitive differentiation across portfolio companies
  • Holding-company structures can trade at persistent discounts to net asset value
  • Weak Quality pillar suggests earnings consistency and capital efficiency remain concerns

AIM-PA.TO vs Peers

Aimia operates in a niche space as a holding and investment management company, and its preferred shares sit alongside other income-oriented financial vehicles.

ECCAIM-PA.TO scores lower
Eagle Point Credit Company Inc.

Eagle Point focuses specifically on collateralized loan obligation equity tranches, offering a more concentrated credit-market income strategy than Aimia's diversified holding model.

HQLAIM-PA.TO scores lower
Tekla Life Sciences Investors

Tekla concentrates its portfolio in life sciences and healthcare equities, providing sector-specific exposure that contrasts with Aimia's cross-industry holding approach.

BK-PA.TOAIM-PA.TO scores lower
Canadian Banc Corp

Canadian Banc Corp holds a focused portfolio of Canadian bank stocks and offers preferred shares with a similar income orientation, but with a narrower, more transparent underlying asset base.

Frequently Asked Questions

What does Aimia Inc. do?

Aimia is a holding and investment management company based in Toronto. It owns stakes in businesses including Club Premier, a coalition loyalty program, a B2B automotive trading platform, an outdoor advertising firm, and a B2B technology company. It also provides discretionary portfolio management through its Mittleman Investment Management subsidiary.

Does AIM-PA.TO pay dividends?

Yes, Aimia pays a regular dividend on its AIM-PA.TO preferred shares. Preferred dividends carry priority over common equity distributions, making them a structured income feature of this instrument. Investors should review the current dividend terms on Aimia's investor relations page for the latest details.

When does AIM-PA.TO report earnings?

Aimia reports financial results on a quarterly cadence, in line with standard TSX-listed company practice. For the exact timing of upcoming earnings releases and access to past results, visit Aimia's official investor relations page.

Is AIM-PA.TO a good stock to buy?

UQS Score rates AIM-PA.TO as Below Average overall. The Valuation pillar is rated Good and Risk is Neutral, but Quality, Moat, and Growth are all rated Weak. Whether this fits an investor's portfolio depends on individual goals — the full pillar breakdown is available to UQS Pro members.

Is AIM-PA.TO overvalued?

The UQS Valuation pillar for AIM-PA.TO is rated Good, suggesting the preferred shares are not trading at an elevated premium relative to the underlying business. That said, holding-company structures can be complex to value, and the Weak Quality and Growth ratings are important context for any valuation assessment.

How does AIM-PA.TO compare to its competitors?

Compared to peers like Eagle Point Credit, Tekla Life Sciences, and Canadian Banc Corp, Aimia stands out for its diversified holding-company model spanning loyalty, technology, and advertising. Most peers have more concentrated mandates. UQS Pro members can view side-by-side pillar comparisons for a deeper look.

What is AIM-PA.TO's market cap bracket?

Aimia Inc. is classified as a small-cap company. This places it below large-cap and mid-cap peers in terms of total market value, which can mean lower trading liquidity and greater sensitivity to company-specific news compared to larger financial services firms.

Who founded Aimia Inc.?

Aimia was incorporated in 2008 and was formerly known as Groupe Aeroplan Inc., reflecting its origins in the Aeroplan loyalty program business. The company changed its name to Aimia in October 2011 as it broadened its mandate beyond loyalty programs. Further founding history is available through public corporate records.

Is AIM-PA.TO a long-term quality investment?

From a long-term quality perspective, AIM-PA.TO's UQS profile raises questions. The Weak ratings across Quality, Moat, and Growth pillars suggest the business lacks the durable competitive advantages and earnings consistency typically associated with high long-term quality scores. The Good Valuation rating may offer some cushion, but the overall profile warrants careful consideration.

What is the main competitive advantage of Aimia?

Aimia's UQS Moat pillar is rated Weak, indicating limited identifiable competitive advantages at the holding-company level. Its differentiation lies more in its diversified portfolio approach — spanning loyalty, technology, and advertising — and the active management provided through Mittleman Investment Management, rather than a single dominant market position.

What sector does AIM-PA.TO belong to?

Aimia Inc. is classified within the Financial Services sector. As a holding and investment management company, it sits alongside other investment vehicles and asset managers, though its diversified operating subsidiaries give it characteristics that span multiple industries.

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Pro Analysis

AIM-PA.TO — Score History

30354045Apr 12Apr 20Apr 28May 6May 14May 22May 24v5
Score changes· 24 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 19, 202638.526.920.037.654.074.3+0.1
May 17, 202638.426.920.037.654.074.0-0.1
May 16, 202638.526.920.037.654.074.7-0.1
May 14, 202638.627.120.037.657.071.90.0
May 11, 202638.627.120.037.657.071.6-0.6
May 10, 202639.227.120.037.657.075.8+0.7
May 9, 202638.527.120.037.657.071.1-0.1
May 8, 202638.627.120.037.657.071.5+0.1
May 6, 202638.527.120.037.657.071.10.0
May 4, 202638.527.120.037.657.071.40.0

AIM-PA.TO — Pillar Breakdown

Quality

26.9/100 (25%)

Aimia Inc. currently shows below-average quality metrics, suggesting challenges with profitability.

Return on EquityWeak

Profitability relative to shareholders' equity.

Operating ProfitabilityWeak

Ability to convert revenue into operating profit.

Net ProfitabilityWeak

Bottom-line profit as a share of revenue.

Cash GenerationStrong

Free cash flow relative to market value.

Growth

37.6/100 (20%)

Aimia Inc. shows steady but unspectacular growth, typical for mature companies.

Recent Revenue TrendWeak

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthStrong

Year-over-year earnings per share growth.

Forward Revenue OutlookModerate

Analyst consensus for future revenue growth.

Risk

54.0/100 (15%)

Aimia Inc. has some risk factors including moderate leverage or solvency concerns.

Debt/EquityStrong

Total debt relative to shareholder equity.

Current RatioModerate

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

Valuation

76.5/100 (15%)

Aimia Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.

Price to Free Cash FlowModerate

How many years of FCF the market cap represents.

EV/EBITDA vs SectorStrong

Enterprise value multiple relative to sector median.

Moat

20/100 (25%)

Aimia Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for AIM-PA.TO.

Score Composition

Quality
26.9×25%6.7
Growth
37.6×20%7.5
Risk
54.0×15%8.1
Valuation
76.5×15%11.5
Moat
20.0×25%5.0
Total
38.8Below Average

Financial Data

More Stock Analysis

How is the AIM-PA.TO UQS Score Calculated?

The UQS (Unified Quality Score) for Aimia Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Aimia Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Aimia Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.