Flow Traders（0R96）株式概要フロー・トレーダーズ・リミテッドは、金融テクノロジーを駆使したマルチアセットクラスの流動性プロバイダーとして、欧州、米州、アジアで事業を展開している。 詳細0R96 ファンダメンタル分析スノーフレーク・スコア評価5/6将来の成長1/6過去の実績1/6財務の健全性3/6配当金0/6報酬当社が推定した公正価値より25.7%で取引されている 収益は年間9.07%増加すると予測されています 同業他社や業界と比較して、良好な取引価格 リスク分析リスクチェックの結果、0R96 、リスクは検出されなかった。すべてのリスクチェックを見る0R96 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€25.68232.1% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0821m2016201920222025202620282031Revenue €445.1mEarnings €80.1mAdvancedSet Fair ValueView all narrativesFlow Traders Ltd. 競合他社CMC MarketsSymbol: LSE:CMCXMarket cap: UK£1.2bAJ BellSymbol: LSE:AJBMarket cap: UK£2.4bTP ICAP GroupSymbol: LSE:TCAPMarket cap: UK£2.5bFRP Advisory GroupSymbol: AIM:FRPMarket cap: UK£286.3m価格と性能株価の高値、安値、推移の概要Flow Traders過去の株価現在の株価€25.6852週高値€30.8052週安値€22.14ベータ0.121ヶ月の変化-13.36%3ヶ月変化-7.16%1年変化-12.59%3年間の変化22.85%5年間の変化-29.69%IPOからの変化-33.31%最新ニュースValuation Update With 7 Day Price Move • May 28Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €25.53, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Capital Markets industry in the United Kingdom. Total returns to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €35.25 per share.Buy Or Sell Opportunity • May 27Now 27% undervaluedThe stock has been flat over the last 90 days, currently trading at €26.01. The fair value is estimated to be €35.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to decline by 30% in 2 years. Earnings are forecast to grow by 22% in the next 2 years.お知らせ • May 19Flow Traders Ltd., Annual General Meeting, Jun 26, 2026Flow Traders Ltd., Annual General Meeting, Jun 26, 2026. Location: inntel hotels amsterdam landmark, located at voc-kade 600, 1018 lg amsterdam, NetherlandsBuy Or Sell Opportunity • Apr 29Now 23% undervaluedThe stock has been flat over the last 90 days, currently trading at €27.38. The fair value is estimated to be €35.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to decline by 30% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.お知らせ • Apr 24Flow Traders Ltd. to Report Q2, 2026 Results on Jul 30, 2026Flow Traders Ltd. announced that they will report Q2, 2026 results on Jul 30, 2026お知らせ • Apr 20Flow Traders Ltd. Announces Executive Appointments, Effective April 20, 2026Flow Traders Ltd. announces a leadership update in the Asia-Pacific (APAC) region. With effective from April 20, 2026, Frank Drouet is appointed Chief Executive Officer Flow Traders APAC and joins the firm’s Executive Committee (ExCo). Frank Drouet brings more than three decades of experience in global financial markets, with deep expertise across equity derivatives, volatility trading and institutional markets. Frank spent more than 30 years at Société Générale in various global and regional leadership positions in Trading. He held positions as Global head of Volatility Trading, Head of Equities and Derivatives APAC and Head of Global Markets. More recently, Frank was Deputy Head of Global Markets at Crédit Agricole. He has extensive experience in APAC, having spent 20 years in Hong Kong and Tokyo. Fabian Rijlaarsdam is appointed Chief Operating Officer APAC. In this newly created role, he will be responsible for the operational execution of expansion plans in the region. Together with the teams, he will strengthen global operational excellence, alignment and accelerated project execution. As part of the updated APAC leadership structure, Ken Han, currently Head of Institutional Sales & Trading APAC, is appointed Chief Commercial Officer APAC. In this new role, he will have responsibility for all APAC sales and relationship activities across both traditional finance and digital assets, ensuring a more integrated and commercial approach.最新情報をもっと見るRecent updatesValuation Update With 7 Day Price Move • May 28Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €25.53, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Capital Markets industry in the United Kingdom. Total returns to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €35.25 per share.Buy Or Sell Opportunity • May 27Now 27% undervaluedThe stock has been flat over the last 90 days, currently trading at €26.01. The fair value is estimated to be €35.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to decline by 30% in 2 years. Earnings are forecast to grow by 22% in the next 2 years.お知らせ • May 19Flow Traders Ltd., Annual General Meeting, Jun 26, 2026Flow Traders Ltd., Annual General Meeting, Jun 26, 2026. Location: inntel hotels amsterdam landmark, located at voc-kade 600, 1018 lg amsterdam, NetherlandsBuy Or Sell Opportunity • Apr 29Now 23% undervaluedThe stock has been flat over the last 90 days, currently trading at €27.38. The fair value is estimated to be €35.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to decline by 30% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.お知らせ • Apr 24Flow Traders Ltd. to Report Q2, 2026 Results on Jul 30, 2026Flow Traders Ltd. announced that they will report Q2, 2026 results on Jul 30, 2026お知らせ • Apr 20Flow Traders Ltd. Announces Executive Appointments, Effective April 20, 2026Flow Traders Ltd. announces a leadership update in the Asia-Pacific (APAC) region. With effective from April 20, 2026, Frank Drouet is appointed Chief Executive Officer Flow Traders APAC and joins the firm’s Executive Committee (ExCo). Frank Drouet brings more than three decades of experience in global financial markets, with deep expertise across equity derivatives, volatility trading and institutional markets. Frank spent more than 30 years at Société Générale in various global and regional leadership positions in Trading. He held positions as Global head of Volatility Trading, Head of Equities and Derivatives APAC and Head of Global Markets. More recently, Frank was Deputy Head of Global Markets at Crédit Agricole. He has extensive experience in APAC, having spent 20 years in Hong Kong and Tokyo. Fabian Rijlaarsdam is appointed Chief Operating Officer APAC. In this newly created role, he will be responsible for the operational execution of expansion plans in the region. Together with the teams, he will strengthen global operational excellence, alignment and accelerated project execution. As part of the updated APAC leadership structure, Ken Han, currently Head of Institutional Sales & Trading APAC, is appointed Chief Commercial Officer APAC. In this new role, he will have responsibility for all APAC sales and relationship activities across both traditional finance and digital assets, ensuring a more integrated and commercial approach.お知らせ • Mar 19Flow Traders Ltd. Launches Digital Assets OTC Offering with 24/7 Liquidity for Tokenized AssetsFlow Traders Ltd. announced the launch of its digital assets OTC offering with 24/7 proprietary, two-way liquidity for tokenized money-market funds, equities and commodities, which includes Franklin Templeton's BENJI and Tether Gold, among others. The launch reflects growing demand for reliable access to tokenized assets across extended trading hours, overnights, and weekends. In tokenized equities and commodities, secondary-market activity has expanded across different instruments and trading sessions, with participation extending into overnight and weekend periods. Flow Traders provides counterparties with 24/7 two-way pricing, supported by risk controls designed for overnight and weekend market conditions. Counterparties can trade and hedge tokenized equity and commodity exposures against fiat or stablecoins, using familiar OTC workflows and defined settlement processes. The offering is delivered through Flow Traders’ Digital Asset OTC platform, in collaboration with leading digital asset issuers and infrastructure providers. Institutions can access liquidity via direct FIX connectivity, OMS/EMS platforms, ECNs or high-touch OTC execution. Asset coverage will continue to evolve in line with counterparty demand, regulatory considerations and supported venues. Product availability may vary by jurisdiction and counterparty eligibility and may be offered by different members of the Flow Traders group, depending on regulatory status.Reported Earnings • Mar 17Full year 2025 earnings released: EPS: €3.07 (vs €3.69 in FY 2024)Full year 2025 results: EPS: €3.07 (down from €3.69 in FY 2024). Revenue: €480.5m (down 40% from FY 2024). Net income: €133.6m (down 16% from FY 2024). Profit margin: 28% (up from 20% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.3% decline forecast for the Capital Markets industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 15Full year 2025 earnings released: EPS: €3.07 (vs €3.69 in FY 2024)Full year 2025 results: EPS: €3.07 (down from €3.69 in FY 2024). Revenue: €480.5m (down 40% from FY 2024). Net income: €133.6m (down 16% from FY 2024). Profit margin: 28% (up from 20% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, while revenues in the Capital Markets industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.New Risk • Feb 14New major risk - Revenue and earnings growthEarnings have declined by 22% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.お知らせ • Feb 12Flow Traders Ltd. to Report Q1, 2026 Results on Apr 24, 2026Flow Traders Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026お知らせ • Oct 30Flow Traders Ltd. to Report Q4, 2025 Results on Feb 12, 2026Flow Traders Ltd. announced that they will report Q4, 2025 results on Feb 12, 2026New Risk • Aug 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.New Risk • Jul 04New major risk - Revenue and earnings growthEarnings have declined by 34% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Apr 24Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to €23.88, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Capital Markets industry in the United Kingdom. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €42.75 per share.お知らせ • Apr 24Flow Traders Ltd. to Report First Half, 2025 Results on Jul 31, 2025Flow Traders Ltd. announced that they will report first half, 2025 results on Jul 31, 2025New Risk • Feb 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 18% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.お知らせ • Oct 31Flow Traders Ltd. to Report Q4, 2024 Results on Feb 13, 2025Flow Traders Ltd. announced that they will report Q4, 2024 results on Feb 13, 2025Valuation Update With 7 Day Price Move • Jul 26Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to €15.33, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Capital Markets industry in the United Kingdom. Total loss to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €27.54 per share.Upcoming Dividend • Jun 10Upcoming dividend of €0.15 per shareEligible shareholders must have bought the stock before 17 June 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (3.1%).Reported Earnings • Feb 08Full year 2023 earnings released: EPS: €0.84 (vs €2.92 in FY 2022)Full year 2023 results: EPS: €0.84 (down from €2.92 in FY 2022). Revenue: €303.9m (down 55% from FY 2022). Net income: €36.2m (down 72% from FY 2022). Profit margin: 12% (down from 19% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Capital Markets industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.お知らせ • Feb 08Flow Traders Ltd. to Report First Half, 2024 Results on Jul 25, 2024Flow Traders Ltd. announced that they will report first half, 2024 results on Jul 25, 2024お知らせ • Oct 27+ 1 more updateFlow Traders Ltd. to Report Fiscal Year 2023 Final Results on Mar 01, 2024Flow Traders Ltd. announced that they will report fiscal year 2023 final results on Mar 01, 2024New Risk • Oct 27New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 11% Last year net profit margin: 19% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (11% net profit margin).お知らせ • Aug 29Flow Traders Ltd. Announces Management ChangesFlow Traders Ltd. announced the resignation of Folkert Joling as Chief Trading Officer and Executive Director of the Flow Traders Board, and the appointments of Bill Stush, Tamara Maris-Mravunac and Aaron Dimitri as new members of the firm’s Global Executive Committee. Folkert Jolinghas decided to step down as Chief Trading Officer and Executive Director of the Flow TradersLtd. Board. Folkert joined Flow Traders in 2006 as a trader and became Head of Trading in 2011. He was promoted to Global Head of Trading and became member of the Flow Traders B.V. Board in 2016. Folkert was promoted to Chief Trading Officer and member of the Management Board of Flow Traders N.V. in 2018. After more than 17 years at Flow Traders, Folkert has decided to step down as Chief Trading Officer and Executive Director of the Flow Traders Ltd. Board as of 1 September 2023 to pursue other interests outside of Flow Traders. Folkert will be handing over his responsibilities over the coming weeks until the end of his Board agreement on 15 September 2023. In his role as Chief Trading Officer, Folkert was responsible for and had tremendous influence on the development and realization of Flow Traders' trading strategies, business development, trading processes and daily trading operations. Over the past 17 years, Folkert has contributed greatly to the growth of Flow Traders and its evolution into a global trading firm. The Global Executive Committee members representing Trading and Technology will assume Folkert’s duties moving forward and will be supported by the entire Board. Flow Tradersfurther strengthens its Global Executive Committeewith the appointments of Bill Stush, who will lead the development of Flow Traders’U.S. growth strategy and Tamara Maris-Mravunac and Aaron Dimitri, who will focus on bolstering the firm’s global risk and compliance functions. Bill Stush has been appointed as CEOAmericasand member of the Global Executive Committee. As CEO Americas, Bill will be responsible for developing Flow Traders' growth strategy in the region, for the development of the firm’s key regional growth initiatives and for managing relationships with all partners externally. Bill will be responsible for the day-to-day operations of the U.S. offices and will be supported by the broader leadership team in the region. Additionally, he will represent the Americas region within the firm’s Global Executive Committee. Bill joined Flow Traders in 2016 as Head of Sales with a focus on building out the firm’s U.S. counterparty network and off-exchange trading business. Bill succeeds Matheus Haserick-Lara, who served as Managing Director Americas. Matheus recently stepped down from his role at Flow Traders to pursue other opportunities. Tamara Maris-Mravunac has joined Flow Traders as Global Head of Risk and member of the Global Executive Committee. Tamara has been appointed Global Head of Risk and member of the Global Executive Committee as of 1 June 2023. She joins the firm from ING Bank N.V., where during her 23-year tenure she held various senior roles within ING’s Financial Markets division and therefore brings extensive experience in internal and external risk management to the firm. Most recently, she was Head of Financial Markets & Global Business Services for the Netherlands at ING. As Global Head of Risk, Tamara will be responsible for the management of Flow Traders' risk function alongside its underlying risk profile as well as for the systematic enhancement, implementation and management of the firm’s risk framework, policies, and processes. Aaron Dimitri, Global Head of Compliance and General Counsel Americas, has been appointed member of the Global Executive Committee. Aaron Dimitri, Global Head of Compliance and General Counsel Americas at Flow Traders also joined the Global Executive Committee as of 1 June 2023. Aaron joined Flow Traders in 2017 as a Compliance Officer and was appointed Global Head of Compliance in 2022. He oversees Flow Traders' global compliance function and is responsible for compliance protocols as well as representing the firm in regulatory matters, proactively monitoring and advancing the compliance program. Additionally, he advises on all of the firm’s strategic growth initiatives globally to ensure full regulatory compliance.お知らせ • Jul 29Flow Traders Ltd. Announces Interim Dividend for the Fiscal Year 2023, Payable on August 18, 2023Flow Traders Ltd. announced interim dividend of €0.30 per share for the fiscal year 2023 with an ex-dividend date on August 15, 2023. The dividend payable on August 18, 2023 with record date of August 16, 2023.お知らせ • Jul 14Flow Traders Ltd. Elects of Hermien Smeets-Flier as Chief Financial Officer, Effective from 17 July 2023Flow Traders Ltd. announced the nomination of Hermien Smeets-Flier for election as Chief Financial Officer and Executive Director of the Flow Traders Board. Hermien Smeets-Flier will join Flow Traders on 17 July 2023. Her nomination as Chief Financial Officer and Executive Director of the Flow Traders Board is subject to regulatory and shareholder approval. In her role as Chief Financial Officer, Hermien will be responsible and oversee the firm’s control functions including Finance, Compliance, Risk, Tax, Legal, Investor Relations and ESG. As a Board and Executive Committee member, Hermien will work in close collaboration with Trading and Technology and focus on supporting the execution of Flow Traders’ strategic agenda as well as further developing the control functions in light of the firm’s continued growth. Hermien has over 20 years of experience leading and scaling finance, risk, control and operational functions across insurance and asset management firms. She also has broad expertise in providing audit, financial and M&A advisory services to listed companies. Hermien has extensive board experience having served on several Supervisory and Management Boards and Risk and Audit committees during her career. Prior to joining Flow Traders, Hermien served as Chief Financial and Risk Officer and member of the Management Board at Achmea Investment Management, where she was responsible for the firm’s finance, operations, legal, risk and IT functions as well as managing Achmea IM’s regulatory agenda. Before that, she served as Chief Financial Officer at AEGIS London, during this role she also served as Deputy Chair of the Finance Committee of the Lloyd’s Market Association. Prior to joining AEGIS London, Hermien served as Chief Financial Officer at Amlin Underwriting Ltd. where she was part of the strategic transition of the firm through various M&A transactions. She started her career at KPMG, where for 15 years she provided audit, financial, and M&A advisory services to listed companies.Buying Opportunity • Jun 20Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be €26.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Earnings per share has declined by 50%. Revenue is forecast to decline by 31% in 2 years. Earnings is forecast to grow by 15% in the next 2 years.Buying Opportunity • May 24Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.3%. The fair value is estimated to be €27.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Earnings per share has declined by 50%. Revenue is forecast to decline by 31% in 2 years. Earnings is forecast to grow by 15% in the next 2 years.Buying Opportunity • May 09Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 3.5%. The fair value is estimated to be €27.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Earnings per share has declined by 50%. Revenue is forecast to decline by 31% in 2 years. Earnings is forecast to grow by 15% in the next 2 years.Upcoming Dividend • Apr 21Upcoming dividend of €0.80 per share at 6.6% yieldEligible shareholders must have bought the stock before 28 April 2023. Payment date: 04 May 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 6.6%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (3.4%).Buying Opportunity • Apr 21Now 28% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €31.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 33%. For the next 3 years, revenue is forecast to decline by 6.2% per annum. Earnings is forecast to grow by 0.2% per annum over the same time period.Reported Earnings • Feb 12Full year 2022 earnings released: EPS: €2.92 (vs €2.63 in FY 2021)Full year 2022 results: EPS: €2.92 (up from €2.63 in FY 2021). Revenue: €458.7m (down 15% from FY 2021). Net income: €126.8m (up 10% from FY 2021). Profit margin: 28% (up from 21% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.9% growth forecast for the Capital Markets industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.お知らせ • Feb 09Flow Traders Ltd. Proposes Final Full Year 2022 Dividend, Payable on 4 May 2023Flow Traders Ltd. proposed a final full year 2022 dividend of €0.80, implying a total dividend of €1.50 for full year 2022. Ex-dividend date is 28 April 2023. Record date is 2 May 2023. Payment date is 4 May 2023.Valuation Update With 7 Day Price Move • Oct 27Investor sentiment improved over the past weekAfter last week's 19% share price gain to €23.58, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Capital Markets industry in the United Kingdom. Total returns to shareholders of 47% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €26.64 per share.お知らせ • Oct 27+ 1 more updateFlow Traders N.V. to Report Q4, 2022 Results on Feb 09, 2023Flow Traders N.V. announced that they will report Q4, 2022 results on Feb 09, 2023Buying Opportunity • Aug 16Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be €27.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 3.0%. Revenue is forecast to decline by 31% in 2 years. Earnings is forecast to grow by 17% in the next 2 years.Recent Insider Transactions • Aug 09Insider recently bought €213k worth of stockOn the 1st of August, Folkert Joling bought around 10k shares on-market at roughly €21.33 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.0m more in shares than they have sold in the last 12 months.Upcoming Dividend • Apr 27Upcoming dividend of €0.35 per shareEligible shareholders must have bought the stock before 03 May 2022. Payment date: 06 May 2022. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of British dividend payers (4.6%). Higher than average of industry peers (3.1%).Buying Opportunity • Apr 12Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 3.0%. The fair value is estimated to be €39.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to decline by 11% per annum. Earnings is forecast to grow by 0.7% per annum over the same time period.Valuation Update With 7 Day Price Move • Feb 10Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €29.94, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Capital Markets industry in the United Kingdom. Total returns to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €56.78 per share.Valuation Update With 7 Day Price Move • Oct 29Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €29.94, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 23x in the Capital Markets industry in the United Kingdom. Total returns to shareholders of 43% over the past three years.Upcoming Dividend • Aug 10Upcoming dividend of €1.00 per shareEligible shareholders must have bought the stock before 17 August 2021. Payment date: 20 August 2021. Trailing yield: 10%. Within top quartile of British dividend payers (3.8%). Higher than average of industry peers (2.5%).Executive Departure • Apr 27Independent Member of Supervisory Board has left the companyOn the 23rd of April, Evert Drok's tenure as Independent Member of Supervisory Board ended after 5.8 years in the role. We don't have any record of a personal shareholding under Evert's name. A total of 2 executives have left over the last 12 months.Upcoming Dividend • Apr 20Upcoming dividend of €2.50 per shareEligible shareholders must have bought the stock before 27 April 2021. Payment date: 30 April 2021. Trailing yield: 18%. Within top quartile of British dividend payers (4.1%). Higher than average of industry peers (2.7%).Analyst Estimate Surprise Post Earnings • Feb 13Revenue beats expectationsRevenue exceeded analyst estimates by 4.4%. Over the next year, revenue is expected to shrink by 65% compared to a 54% growth forecast for the Capital Markets industry in the United Kingdom.Is New 90 Day High Low • Feb 12New 90-day high: €33.62The company is up 26% from its price of €26.74 on 13 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €51.61 per share.Is New 90 Day High Low • Jan 20New 90-day high: €29.39The company is up 1.0% from its price of €29.12 on 22 October 2020. The British market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €46.81 per share.Is New 90 Day High Low • Dec 08New 90-day low: €25.72The company is down 25% from its price of €34.16 on 09 September 2020. The British market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €88.32 per share.Recent Insider Transactions • Nov 14Insider recently bought €260k worth of stockOn the 11th of November, Folkert Joling bought around 10k shares on-market at roughly €26.04 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €544k more in shares than they have sold in the last 12 months.Is New 90 Day High Low • Nov 10New 90-day low: €26.34The company is down 15% from its price of €31.16 on 11 August 2020. The British market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €91.11 per share.Is New 90 Day High Low • Oct 22New 90-day low: €29.28The company is down 15% from its price of €34.50 on 24 July 2020. The British market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €74.78 per share.株主還元0R96GB Capital MarketsGB 市場7D1.6%1.9%2.7%1Y-12.6%-6.7%18.3%株主還元を見る業界別リターン: 0R96過去 1 年間で-6.7 % の収益を上げたUK Capital Markets業界を下回りました。リターン対市場: 0R96は、過去 1 年間で18.3 % のリターンを上げたUK市場を下回りました。価格変動Is 0R96's price volatile compared to industry and market?0R96 volatility0R96 Average Weekly Movement4.6%Capital Markets Industry Average Movement4.6%Market Average Movement5.6%10% most volatile stocks in GB Market11.7%10% least volatile stocks in GB Market3.1%安定した株価: 0R96 、 UK市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 0R96の 週次ボラティリティ ( 5% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2004635Thomas Spitzwww.flowtraders.comフロー・トレーダーズ・リミテッドは、金融テクノロジーを駆使したマルチアセットクラスの流動性プロバイダーとして、欧州、米州、アジアで事業を展開している。同社は、株式、債券、デジタル資産、コモディティ、外国為替などの取引所取引商品を提供している。また、機関投資家グレードの流動性サービスや、デジタル資産エコシステムの多面的なパートナーも提供している。フロー・トレーダーズ・リミテッドは2004年に設立され、オランダのアムステルダムに本社を置く。もっと見るFlow Traders Ltd. 基礎のまとめFlow Traders の収益と売上を時価総額と比較するとどうか。0R96 基礎統計学時価総額€1.13b収益（TTM）€147.67m売上高(TTM)€820.82m7.7xPER（株価収益率1.4xP/Sレシオ0R96 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計0R96 損益計算書（TTM）収益€820.82m売上原価€0売上総利益€820.82mその他の費用€673.16m収益€147.67m直近の収益報告Mar 31, 2026次回決算日Jul 30, 2026一株当たり利益（EPS）3.39グロス・マージン100.00%純利益率17.99%有利子負債／自己資本比率337.0%0R96 の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/17 20:51終値2026/06/17 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Flow Traders Ltd. 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。10 アナリスト機関Arnaud Maurice GiblatBNP ParibasReginald WatsonING Groep NVMartin PriceJefferies LLC7 その他のアナリストを表示
Valuation Update With 7 Day Price Move • May 28Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €25.53, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Capital Markets industry in the United Kingdom. Total returns to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €35.25 per share.
Buy Or Sell Opportunity • May 27Now 27% undervaluedThe stock has been flat over the last 90 days, currently trading at €26.01. The fair value is estimated to be €35.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to decline by 30% in 2 years. Earnings are forecast to grow by 22% in the next 2 years.
お知らせ • May 19Flow Traders Ltd., Annual General Meeting, Jun 26, 2026Flow Traders Ltd., Annual General Meeting, Jun 26, 2026. Location: inntel hotels amsterdam landmark, located at voc-kade 600, 1018 lg amsterdam, Netherlands
Buy Or Sell Opportunity • Apr 29Now 23% undervaluedThe stock has been flat over the last 90 days, currently trading at €27.38. The fair value is estimated to be €35.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to decline by 30% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.
お知らせ • Apr 24Flow Traders Ltd. to Report Q2, 2026 Results on Jul 30, 2026Flow Traders Ltd. announced that they will report Q2, 2026 results on Jul 30, 2026
お知らせ • Apr 20Flow Traders Ltd. Announces Executive Appointments, Effective April 20, 2026Flow Traders Ltd. announces a leadership update in the Asia-Pacific (APAC) region. With effective from April 20, 2026, Frank Drouet is appointed Chief Executive Officer Flow Traders APAC and joins the firm’s Executive Committee (ExCo). Frank Drouet brings more than three decades of experience in global financial markets, with deep expertise across equity derivatives, volatility trading and institutional markets. Frank spent more than 30 years at Société Générale in various global and regional leadership positions in Trading. He held positions as Global head of Volatility Trading, Head of Equities and Derivatives APAC and Head of Global Markets. More recently, Frank was Deputy Head of Global Markets at Crédit Agricole. He has extensive experience in APAC, having spent 20 years in Hong Kong and Tokyo. Fabian Rijlaarsdam is appointed Chief Operating Officer APAC. In this newly created role, he will be responsible for the operational execution of expansion plans in the region. Together with the teams, he will strengthen global operational excellence, alignment and accelerated project execution. As part of the updated APAC leadership structure, Ken Han, currently Head of Institutional Sales & Trading APAC, is appointed Chief Commercial Officer APAC. In this new role, he will have responsibility for all APAC sales and relationship activities across both traditional finance and digital assets, ensuring a more integrated and commercial approach.
Valuation Update With 7 Day Price Move • May 28Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €25.53, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Capital Markets industry in the United Kingdom. Total returns to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €35.25 per share.
Buy Or Sell Opportunity • May 27Now 27% undervaluedThe stock has been flat over the last 90 days, currently trading at €26.01. The fair value is estimated to be €35.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to decline by 30% in 2 years. Earnings are forecast to grow by 22% in the next 2 years.
お知らせ • May 19Flow Traders Ltd., Annual General Meeting, Jun 26, 2026Flow Traders Ltd., Annual General Meeting, Jun 26, 2026. Location: inntel hotels amsterdam landmark, located at voc-kade 600, 1018 lg amsterdam, Netherlands
Buy Or Sell Opportunity • Apr 29Now 23% undervaluedThe stock has been flat over the last 90 days, currently trading at €27.38. The fair value is estimated to be €35.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to decline by 30% in 2 years. Earnings are forecast to grow by 18% in the next 2 years.
お知らせ • Apr 24Flow Traders Ltd. to Report Q2, 2026 Results on Jul 30, 2026Flow Traders Ltd. announced that they will report Q2, 2026 results on Jul 30, 2026
お知らせ • Apr 20Flow Traders Ltd. Announces Executive Appointments, Effective April 20, 2026Flow Traders Ltd. announces a leadership update in the Asia-Pacific (APAC) region. With effective from April 20, 2026, Frank Drouet is appointed Chief Executive Officer Flow Traders APAC and joins the firm’s Executive Committee (ExCo). Frank Drouet brings more than three decades of experience in global financial markets, with deep expertise across equity derivatives, volatility trading and institutional markets. Frank spent more than 30 years at Société Générale in various global and regional leadership positions in Trading. He held positions as Global head of Volatility Trading, Head of Equities and Derivatives APAC and Head of Global Markets. More recently, Frank was Deputy Head of Global Markets at Crédit Agricole. He has extensive experience in APAC, having spent 20 years in Hong Kong and Tokyo. Fabian Rijlaarsdam is appointed Chief Operating Officer APAC. In this newly created role, he will be responsible for the operational execution of expansion plans in the region. Together with the teams, he will strengthen global operational excellence, alignment and accelerated project execution. As part of the updated APAC leadership structure, Ken Han, currently Head of Institutional Sales & Trading APAC, is appointed Chief Commercial Officer APAC. In this new role, he will have responsibility for all APAC sales and relationship activities across both traditional finance and digital assets, ensuring a more integrated and commercial approach.
お知らせ • Mar 19Flow Traders Ltd. Launches Digital Assets OTC Offering with 24/7 Liquidity for Tokenized AssetsFlow Traders Ltd. announced the launch of its digital assets OTC offering with 24/7 proprietary, two-way liquidity for tokenized money-market funds, equities and commodities, which includes Franklin Templeton's BENJI and Tether Gold, among others. The launch reflects growing demand for reliable access to tokenized assets across extended trading hours, overnights, and weekends. In tokenized equities and commodities, secondary-market activity has expanded across different instruments and trading sessions, with participation extending into overnight and weekend periods. Flow Traders provides counterparties with 24/7 two-way pricing, supported by risk controls designed for overnight and weekend market conditions. Counterparties can trade and hedge tokenized equity and commodity exposures against fiat or stablecoins, using familiar OTC workflows and defined settlement processes. The offering is delivered through Flow Traders’ Digital Asset OTC platform, in collaboration with leading digital asset issuers and infrastructure providers. Institutions can access liquidity via direct FIX connectivity, OMS/EMS platforms, ECNs or high-touch OTC execution. Asset coverage will continue to evolve in line with counterparty demand, regulatory considerations and supported venues. Product availability may vary by jurisdiction and counterparty eligibility and may be offered by different members of the Flow Traders group, depending on regulatory status.
Reported Earnings • Mar 17Full year 2025 earnings released: EPS: €3.07 (vs €3.69 in FY 2024)Full year 2025 results: EPS: €3.07 (down from €3.69 in FY 2024). Revenue: €480.5m (down 40% from FY 2024). Net income: €133.6m (down 16% from FY 2024). Profit margin: 28% (up from 20% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.3% decline forecast for the Capital Markets industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 15Full year 2025 earnings released: EPS: €3.07 (vs €3.69 in FY 2024)Full year 2025 results: EPS: €3.07 (down from €3.69 in FY 2024). Revenue: €480.5m (down 40% from FY 2024). Net income: €133.6m (down 16% from FY 2024). Profit margin: 28% (up from 20% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, while revenues in the Capital Markets industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
New Risk • Feb 14New major risk - Revenue and earnings growthEarnings have declined by 22% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
お知らせ • Feb 12Flow Traders Ltd. to Report Q1, 2026 Results on Apr 24, 2026Flow Traders Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026
お知らせ • Oct 30Flow Traders Ltd. to Report Q4, 2025 Results on Feb 12, 2026Flow Traders Ltd. announced that they will report Q4, 2025 results on Feb 12, 2026
New Risk • Aug 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
New Risk • Jul 04New major risk - Revenue and earnings growthEarnings have declined by 34% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Apr 24Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to €23.88, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Capital Markets industry in the United Kingdom. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €42.75 per share.
お知らせ • Apr 24Flow Traders Ltd. to Report First Half, 2025 Results on Jul 31, 2025Flow Traders Ltd. announced that they will report first half, 2025 results on Jul 31, 2025
New Risk • Feb 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 18% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
お知らせ • Oct 31Flow Traders Ltd. to Report Q4, 2024 Results on Feb 13, 2025Flow Traders Ltd. announced that they will report Q4, 2024 results on Feb 13, 2025
Valuation Update With 7 Day Price Move • Jul 26Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to €15.33, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Capital Markets industry in the United Kingdom. Total loss to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €27.54 per share.
Upcoming Dividend • Jun 10Upcoming dividend of €0.15 per shareEligible shareholders must have bought the stock before 17 June 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (3.1%).
Reported Earnings • Feb 08Full year 2023 earnings released: EPS: €0.84 (vs €2.92 in FY 2022)Full year 2023 results: EPS: €0.84 (down from €2.92 in FY 2022). Revenue: €303.9m (down 55% from FY 2022). Net income: €36.2m (down 72% from FY 2022). Profit margin: 12% (down from 19% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Capital Markets industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 08Flow Traders Ltd. to Report First Half, 2024 Results on Jul 25, 2024Flow Traders Ltd. announced that they will report first half, 2024 results on Jul 25, 2024
お知らせ • Oct 27+ 1 more updateFlow Traders Ltd. to Report Fiscal Year 2023 Final Results on Mar 01, 2024Flow Traders Ltd. announced that they will report fiscal year 2023 final results on Mar 01, 2024
New Risk • Oct 27New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 11% Last year net profit margin: 19% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (11% net profit margin).
お知らせ • Aug 29Flow Traders Ltd. Announces Management ChangesFlow Traders Ltd. announced the resignation of Folkert Joling as Chief Trading Officer and Executive Director of the Flow Traders Board, and the appointments of Bill Stush, Tamara Maris-Mravunac and Aaron Dimitri as new members of the firm’s Global Executive Committee. Folkert Jolinghas decided to step down as Chief Trading Officer and Executive Director of the Flow TradersLtd. Board. Folkert joined Flow Traders in 2006 as a trader and became Head of Trading in 2011. He was promoted to Global Head of Trading and became member of the Flow Traders B.V. Board in 2016. Folkert was promoted to Chief Trading Officer and member of the Management Board of Flow Traders N.V. in 2018. After more than 17 years at Flow Traders, Folkert has decided to step down as Chief Trading Officer and Executive Director of the Flow Traders Ltd. Board as of 1 September 2023 to pursue other interests outside of Flow Traders. Folkert will be handing over his responsibilities over the coming weeks until the end of his Board agreement on 15 September 2023. In his role as Chief Trading Officer, Folkert was responsible for and had tremendous influence on the development and realization of Flow Traders' trading strategies, business development, trading processes and daily trading operations. Over the past 17 years, Folkert has contributed greatly to the growth of Flow Traders and its evolution into a global trading firm. The Global Executive Committee members representing Trading and Technology will assume Folkert’s duties moving forward and will be supported by the entire Board. Flow Tradersfurther strengthens its Global Executive Committeewith the appointments of Bill Stush, who will lead the development of Flow Traders’U.S. growth strategy and Tamara Maris-Mravunac and Aaron Dimitri, who will focus on bolstering the firm’s global risk and compliance functions. Bill Stush has been appointed as CEOAmericasand member of the Global Executive Committee. As CEO Americas, Bill will be responsible for developing Flow Traders' growth strategy in the region, for the development of the firm’s key regional growth initiatives and for managing relationships with all partners externally. Bill will be responsible for the day-to-day operations of the U.S. offices and will be supported by the broader leadership team in the region. Additionally, he will represent the Americas region within the firm’s Global Executive Committee. Bill joined Flow Traders in 2016 as Head of Sales with a focus on building out the firm’s U.S. counterparty network and off-exchange trading business. Bill succeeds Matheus Haserick-Lara, who served as Managing Director Americas. Matheus recently stepped down from his role at Flow Traders to pursue other opportunities. Tamara Maris-Mravunac has joined Flow Traders as Global Head of Risk and member of the Global Executive Committee. Tamara has been appointed Global Head of Risk and member of the Global Executive Committee as of 1 June 2023. She joins the firm from ING Bank N.V., where during her 23-year tenure she held various senior roles within ING’s Financial Markets division and therefore brings extensive experience in internal and external risk management to the firm. Most recently, she was Head of Financial Markets & Global Business Services for the Netherlands at ING. As Global Head of Risk, Tamara will be responsible for the management of Flow Traders' risk function alongside its underlying risk profile as well as for the systematic enhancement, implementation and management of the firm’s risk framework, policies, and processes. Aaron Dimitri, Global Head of Compliance and General Counsel Americas, has been appointed member of the Global Executive Committee. Aaron Dimitri, Global Head of Compliance and General Counsel Americas at Flow Traders also joined the Global Executive Committee as of 1 June 2023. Aaron joined Flow Traders in 2017 as a Compliance Officer and was appointed Global Head of Compliance in 2022. He oversees Flow Traders' global compliance function and is responsible for compliance protocols as well as representing the firm in regulatory matters, proactively monitoring and advancing the compliance program. Additionally, he advises on all of the firm’s strategic growth initiatives globally to ensure full regulatory compliance.
お知らせ • Jul 29Flow Traders Ltd. Announces Interim Dividend for the Fiscal Year 2023, Payable on August 18, 2023Flow Traders Ltd. announced interim dividend of €0.30 per share for the fiscal year 2023 with an ex-dividend date on August 15, 2023. The dividend payable on August 18, 2023 with record date of August 16, 2023.
お知らせ • Jul 14Flow Traders Ltd. Elects of Hermien Smeets-Flier as Chief Financial Officer, Effective from 17 July 2023Flow Traders Ltd. announced the nomination of Hermien Smeets-Flier for election as Chief Financial Officer and Executive Director of the Flow Traders Board. Hermien Smeets-Flier will join Flow Traders on 17 July 2023. Her nomination as Chief Financial Officer and Executive Director of the Flow Traders Board is subject to regulatory and shareholder approval. In her role as Chief Financial Officer, Hermien will be responsible and oversee the firm’s control functions including Finance, Compliance, Risk, Tax, Legal, Investor Relations and ESG. As a Board and Executive Committee member, Hermien will work in close collaboration with Trading and Technology and focus on supporting the execution of Flow Traders’ strategic agenda as well as further developing the control functions in light of the firm’s continued growth. Hermien has over 20 years of experience leading and scaling finance, risk, control and operational functions across insurance and asset management firms. She also has broad expertise in providing audit, financial and M&A advisory services to listed companies. Hermien has extensive board experience having served on several Supervisory and Management Boards and Risk and Audit committees during her career. Prior to joining Flow Traders, Hermien served as Chief Financial and Risk Officer and member of the Management Board at Achmea Investment Management, where she was responsible for the firm’s finance, operations, legal, risk and IT functions as well as managing Achmea IM’s regulatory agenda. Before that, she served as Chief Financial Officer at AEGIS London, during this role she also served as Deputy Chair of the Finance Committee of the Lloyd’s Market Association. Prior to joining AEGIS London, Hermien served as Chief Financial Officer at Amlin Underwriting Ltd. where she was part of the strategic transition of the firm through various M&A transactions. She started her career at KPMG, where for 15 years she provided audit, financial, and M&A advisory services to listed companies.
Buying Opportunity • Jun 20Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be €26.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Earnings per share has declined by 50%. Revenue is forecast to decline by 31% in 2 years. Earnings is forecast to grow by 15% in the next 2 years.
Buying Opportunity • May 24Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.3%. The fair value is estimated to be €27.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Earnings per share has declined by 50%. Revenue is forecast to decline by 31% in 2 years. Earnings is forecast to grow by 15% in the next 2 years.
Buying Opportunity • May 09Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 3.5%. The fair value is estimated to be €27.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 19% over the last 3 years. Earnings per share has declined by 50%. Revenue is forecast to decline by 31% in 2 years. Earnings is forecast to grow by 15% in the next 2 years.
Upcoming Dividend • Apr 21Upcoming dividend of €0.80 per share at 6.6% yieldEligible shareholders must have bought the stock before 28 April 2023. Payment date: 04 May 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 6.6%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (3.4%).
Buying Opportunity • Apr 21Now 28% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €31.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 33%. For the next 3 years, revenue is forecast to decline by 6.2% per annum. Earnings is forecast to grow by 0.2% per annum over the same time period.
Reported Earnings • Feb 12Full year 2022 earnings released: EPS: €2.92 (vs €2.63 in FY 2021)Full year 2022 results: EPS: €2.92 (up from €2.63 in FY 2021). Revenue: €458.7m (down 15% from FY 2021). Net income: €126.8m (up 10% from FY 2021). Profit margin: 28% (up from 21% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.9% growth forecast for the Capital Markets industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
お知らせ • Feb 09Flow Traders Ltd. Proposes Final Full Year 2022 Dividend, Payable on 4 May 2023Flow Traders Ltd. proposed a final full year 2022 dividend of €0.80, implying a total dividend of €1.50 for full year 2022. Ex-dividend date is 28 April 2023. Record date is 2 May 2023. Payment date is 4 May 2023.
Valuation Update With 7 Day Price Move • Oct 27Investor sentiment improved over the past weekAfter last week's 19% share price gain to €23.58, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Capital Markets industry in the United Kingdom. Total returns to shareholders of 47% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €26.64 per share.
お知らせ • Oct 27+ 1 more updateFlow Traders N.V. to Report Q4, 2022 Results on Feb 09, 2023Flow Traders N.V. announced that they will report Q4, 2022 results on Feb 09, 2023
Buying Opportunity • Aug 16Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be €27.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 3.0%. Revenue is forecast to decline by 31% in 2 years. Earnings is forecast to grow by 17% in the next 2 years.
Recent Insider Transactions • Aug 09Insider recently bought €213k worth of stockOn the 1st of August, Folkert Joling bought around 10k shares on-market at roughly €21.33 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.0m more in shares than they have sold in the last 12 months.
Upcoming Dividend • Apr 27Upcoming dividend of €0.35 per shareEligible shareholders must have bought the stock before 03 May 2022. Payment date: 06 May 2022. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of British dividend payers (4.6%). Higher than average of industry peers (3.1%).
Buying Opportunity • Apr 12Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 3.0%. The fair value is estimated to be €39.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to decline by 11% per annum. Earnings is forecast to grow by 0.7% per annum over the same time period.
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €29.94, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Capital Markets industry in the United Kingdom. Total returns to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €56.78 per share.
Valuation Update With 7 Day Price Move • Oct 29Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €29.94, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 23x in the Capital Markets industry in the United Kingdom. Total returns to shareholders of 43% over the past three years.
Upcoming Dividend • Aug 10Upcoming dividend of €1.00 per shareEligible shareholders must have bought the stock before 17 August 2021. Payment date: 20 August 2021. Trailing yield: 10%. Within top quartile of British dividend payers (3.8%). Higher than average of industry peers (2.5%).
Executive Departure • Apr 27Independent Member of Supervisory Board has left the companyOn the 23rd of April, Evert Drok's tenure as Independent Member of Supervisory Board ended after 5.8 years in the role. We don't have any record of a personal shareholding under Evert's name. A total of 2 executives have left over the last 12 months.
Upcoming Dividend • Apr 20Upcoming dividend of €2.50 per shareEligible shareholders must have bought the stock before 27 April 2021. Payment date: 30 April 2021. Trailing yield: 18%. Within top quartile of British dividend payers (4.1%). Higher than average of industry peers (2.7%).
Analyst Estimate Surprise Post Earnings • Feb 13Revenue beats expectationsRevenue exceeded analyst estimates by 4.4%. Over the next year, revenue is expected to shrink by 65% compared to a 54% growth forecast for the Capital Markets industry in the United Kingdom.
Is New 90 Day High Low • Feb 12New 90-day high: €33.62The company is up 26% from its price of €26.74 on 13 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €51.61 per share.
Is New 90 Day High Low • Jan 20New 90-day high: €29.39The company is up 1.0% from its price of €29.12 on 22 October 2020. The British market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €46.81 per share.
Is New 90 Day High Low • Dec 08New 90-day low: €25.72The company is down 25% from its price of €34.16 on 09 September 2020. The British market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €88.32 per share.
Recent Insider Transactions • Nov 14Insider recently bought €260k worth of stockOn the 11th of November, Folkert Joling bought around 10k shares on-market at roughly €26.04 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €544k more in shares than they have sold in the last 12 months.
Is New 90 Day High Low • Nov 10New 90-day low: €26.34The company is down 15% from its price of €31.16 on 11 August 2020. The British market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €91.11 per share.
Is New 90 Day High Low • Oct 22New 90-day low: €29.28The company is down 15% from its price of €34.50 on 24 July 2020. The British market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €74.78 per share.
