ENXTAM:ALLFGCapital Markets
Allfunds Group (ENXTAM:ALLFG) Stock Can Profit Growth Justify A 129.7x P/E
Allfunds Group stock closed at €8.84 today after a steady run in recent weeks. The immediate takeaway for investors is not the share price level; it is the strength of the earnings engine that just printed a 10% year on year rise in net revenues to €337.6m and kept adjusted EBITDA margins close to 68%. The market sees a platform stock with a trailing P/E of 129.7x and a history that only recently swung back to profit. The focus now is on whether this phase of profitability can support that...