What You Can Learn From Allfunds Group plc's (AMS:ALLFG) P/E
Apr 22
Dutch (AEX) Capital Markets Industry Analysis
UpdatedApr 24, 2024
DataAggregated Company Financials
Companies8
- 7D3.7%
- 3M8.6%
- 1Y10.0%
- YTD7.0%
Over the last 7 days, the Capital Markets industry has dropped 1.0%, driven by a pullback from Allfunds Group of 1.4%. This takes the industry's 12 month performance to a gain of 7.7%. As for the next few years, earnings are expected to grow by 19% per annum.
Industry Valuation and Performance
Has the Dutch Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | €6.8b | €4.1b | €243.6m | 30.9x | 28.1x | 1.7x |
| Fri, 22 Mar 2024 | €6.6b | €2.0b | €239.0m | 28x | 27.8x | 3.4x |
| Sun, 18 Feb 2024 | €6.1b | €3.6b | €165.1m | 19.4x | 37.1x | 1.7x |
| Tue, 16 Jan 2024 | €8.1b | €3.9b | €32.6m | 26.3x | 248.5x | 2.1x |
| Thu, 14 Dec 2023 | €8.2b | €3.9b | €32.6m | 26.6x | 250.4x | 2.1x |
| Sat, 11 Nov 2023 | €7.7b | €3.9b | €32.6m | 26.5x | 235.8x | 2x |
| Mon, 09 Oct 2023 | €7.6b | €3.9b | €60.1m | 26.1x | 126.2x | 1.9x |
| Wed, 06 Sep 2023 | €7.8b | €3.9b | €30.6m | 38x | 256.2x | 2x |
| Fri, 04 Aug 2023 | €8.1b | €3.9b | €25.5m | 28.7x | 319.1x | 2.1x |
| Sun, 02 Jul 2023 | €8.5b | €4.0b | €37.4m | 28.7x | 226.1x | 2.1x |
| Tue, 30 May 2023 | €9.0b | €4.0b | €41.2m | 27.7x | 217.6x | 2.3x |
| Thu, 27 Apr 2023 | €8.9b | €4.0b | €46.0m | 14.8x | 192.3x | 2.2x |
| Sat, 25 Mar 2023 | €9.1b | €4.1b | €122.8m | 14.1x | 74.5x | 2.2x |
| Mon, 20 Feb 2023 | €10.4b | €3.9b | €144.1m | 10.1x | 72x | 2.6x |
| Wed, 18 Jan 2023 | €10.2b | €4.0b | €144.3m | 9.9x | 70.4x | 2.5x |
| Fri, 16 Dec 2022 | €9.5b | €4.1b | €178.4m | 7.7x | 53.2x | 2.3x |
| Sun, 13 Nov 2022 | €10.3b | €4.1b | €178.4m | 8.1x | 57.7x | 2.5x |
| Tue, 11 Oct 2022 | €9.6b | €4.0b | €252.7m | 8x | 38.1x | 2.4x |
| Thu, 08 Sep 2022 | €9.6b | €4.0b | €264.2m | 8x | 36.3x | 2.4x |
| Sat, 06 Aug 2022 | €9.7b | €4.0b | €266.3m | 8.6x | 36.3x | 2.4x |
| Mon, 04 Jul 2022 | €9.6b | €3.9b | €326.1m | 8.5x | 29.5x | 2.5x |
| Wed, 01 Jun 2022 | €10.9b | €3.9b | €331.2m | 9.9x | 32.9x | 2.8x |
| Fri, 29 Apr 2022 | €10.9b | €3.9b | €368.3m | 9.9x | 29.5x | 2.8x |
| Sun, 27 Mar 2022 | €12.8b | €3.8b | €375.1m | 9.5x | 34.2x | 3.3x |
| Tue, 22 Feb 2022 | €13.5b | €3.0b | €289.0m | 10.4x | 46.7x | 4.5x |
| Thu, 20 Jan 2022 | €15.4b | €3.2b | €339.2m | 9.7x | 45.4x | 4.8x |
| Sat, 18 Dec 2021 | €17.7b | €3.2b | €328.9m | 9x | 53.7x | 5.5x |
| Mon, 15 Nov 2021 | €17.2b | €3.2b | €328.9m | 9.3x | 52.3x | 5.3x |
| Wed, 13 Oct 2021 | €17.4b | €3.2b | €343.2m | 9.7x | 50.7x | 5.4x |
| Fri, 10 Sep 2021 | €15.9b | €2.7b | €251.4m | 8x | 63.4x | 5.9x |
| Sun, 08 Aug 2021 | €14.5b | €2.7b | €251.4m | 8.3x | 57.5x | 5.4x |
| Sat, 01 May 2021 | €11.8b | €2.6b | €303.6m | 7.1x | 38.8x | 4.5x |
Price to Earnings Ratio
38.8x
Current Industry PE
- Investors are pessimistic on the Dutch Capital Markets industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 27.5x which is lower than its 3-year average PE of 97.1x.
- The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have declined 7.1% per year over the last three years.
- Meanwhile revenues for these companies have grown 17% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Dutch Financials industry?
| NL Market | -1.72% | |
| Financials | 2.44% | |
| Capital Markets | 3.67% | |
| Investment Banking and Brokerage | 6.63% | |
| Financial Exchanges and Data | 3.59% | |
| Asset Management | 2.45% | |
| Diversified Capital Markets | 0% | |
Industry PE
- Investors are most optimistic about the Financial Exchanges and Data industry even though it's trading below its 3-year average PE ratio of 60.5x.
- Analysts are expecting annual earnings growth of 21.3%, which is lower than the prior year's growth of 74.3% per year.
- Investors are most pessimistic about the Asset Management industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 5.8x.
Forecasted Growth
- Analysts are most optimistic on the Investment Banking and Brokerage industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings decline of 71% per year.
- In contrast, the Asset Management industry is expected to see its earnings grow by 5.7% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ALLFG Allfunds Group | €6.78 | 3.6% +€145.4m | 15.7% | PE48.9x | |
| FLOW Flow Traders | €20.10 | 6.6% +€54.3m | -12.7% | PE24.2x | |
| VLK Van Lanschot Kempen | €32.75 | 3.8% +€50.7m | 16.5% | PE11.7x |
