MUN:9A3

Stock Analysis Report

Executive Summary

Atlas Mara Limited is a private equity firm specializing in potential and bolt-on acquisitions.

Rewards


Snowflake Analysis

Share Price & News

How has Atlas Mara's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 9A3's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.6%

9A3

4.1%

DE Banks

-0.2%

DE Market


1 Year Return

-37.9%

9A3

3.8%

DE Banks

13.7%

DE Market

Return vs Industry: 9A3 underperformed the German Banks industry which returned 3.8% over the past year.

Return vs Market: 9A3 underperformed the German Market which returned 13.7% over the past year.


Shareholder returns

9A3IndustryMarket
7 Day3.6%4.1%-0.2%
30 Day-6.9%20.3%0.3%
90 Day-15.3%22.4%3.7%
1 Year-37.9%-37.9%7.1%3.8%17.2%13.7%
3 Yearn/a-2.3%-7.2%15.4%5.3%
5 Yearn/a-4.0%-27.8%21.3%4.7%

Price Volatility Vs. Market

How volatile is Atlas Mara's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Atlas Mara undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 9A3 (€0.87) is trading below our estimate of fair value (€2.12)

Significantly Below Fair Value: 9A3 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 9A3 is good value based on its PE Ratio (8.8x) compared to the Banks industry average (17.8x).

PE vs Market: 9A3 is good value based on its PE Ratio (8.8x) compared to the German market (20.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 9A3's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 9A3 is good value based on its PB Ratio (0.3x) compared to the DE Banks industry average (0.9x).

Future Growth

How is Atlas Mara forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.0%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Atlas Mara has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Atlas Mara performed over the past 5 years?

62.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 9A3 has high quality earnings.

Growing Profit Margin: 9A3's current net profit margins (7.2%) are lower than last year (27.5%).


Past Earnings Growth Analysis

Earnings Trend: 9A3's earnings have grown significantly by 62.6% per year over the past 5 years.

Accelerating Growth: 9A3's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 9A3 had negative earnings growth (-70.4%) over the past year, making it difficult to compare to the Banks industry average (-7%).


Return on Equity

High ROE: 9A3's Return on Equity (4%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is Atlas Mara's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: 9A3 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 9A3's debt is covered by short term assets (assets are 2.6x debt).


Financial Institutions Analysis

Asset Level: 9A3's level of assets compared to its equity is low.

Allowance for Bad Loans: 9A3 has a low allowance for bad loans.

Low Risk Liabilities: 9A3's liabilities are made up of primarily higher risk sources of funding.

Loan Level: 9A3 has an acceptable proportion of non-loan assets held.

Low Risk Deposits: 9A3's loans are broadly funded by customer deposits.

Level of Bad Loans: 9A3 has a high level of bad loans (9.98%)

Dividend

What is Atlas Mara's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 9A3's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 9A3's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 9A3's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 9A3's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 9A3's dividend in 3 years as they are not forecast to pay a notable one for the German market.

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

John Staley (55yo)

1.8yrs

Tenure

Mr. John Staley has been the Chief Executive Officer of Atlas Mara Ltd. since May 1, 2018. Mr. Staley served as Chief Officer of Innovation & Payments at Equity Group Holdings Plc since June 6, 2017 until  ...


Leadership Team

NamePositionTenureCompensationOwnership
Michael Wilkerson
Chairman1yrsUS$110.00k0.018% $27.3k
Robert Diamond
Co-Founder & Non-Executive Director6.2yrsUS$400.00k2.18% $3.3m
John Staley
Chief Executive Officer1.8yrsno datano data
Muhammad Khan
Chief Financial Officer0.8yrsno datano data
Arjan Molenkamp
Chief Operating Officer1.4yrsno datano data
Kenroy Dowers
Group Managing Director for Strategy and Investments0.8yrsno datano data
Jonathan Muthige
Head of Human Capital0yrsno datano data
Ronald Webb
Chief Digital Officer1.3yrsno datano data
Manfred Kuhn
Chief Data Officer1.3yrsno datano data
Beatrice Hamza-Bassey
Company Secretary0yrsno datano data

1.3yrs

Average Tenure

52yo

Average Age

Experienced Management: 9A3's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Michael Wilkerson
Chairman1yrsUS$110.00k0.018% $27.3k
Robert Diamond
Co-Founder & Non-Executive Director6.2yrsUS$400.00k2.18% $3.3m
Rachel Robbins
Senior Independent Non-Executive Director0yrsUS$110.00k0.051% $77.8k
Simon Philip Lee
Non-Executive Director1.8yrsUS$110.00k0.011% $16.3k
Jawaid Mirza
Independent Non-Executive Director0.8yrsno datano data
Amadou Raimi
Independent Non-Executive Director5.1yrsUS$125.00k0.050% $76.1k

1.8yrs

Average Tenure

64.5yo

Average Age

Experienced Board: 9A3's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.4%.


Top Shareholders

Company Information

Atlas Mara Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Atlas Mara Limited
  • Ticker: 9A3
  • Exchange: MUN
  • Founded: 2013
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: US$164.645m
  • Listing Market Cap: US$152.560m
  • Shares outstanding: 169.74m
  • Website: https://www.atlasmara.com

Number of Employees


Location

  • Atlas Mara Limited
  • Ritter House
  • 6th Floor
  • Road Town
  • Tortola
  • VG1110
  • British Virgin Islands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ATMALSE (London Stock Exchange)YesOrdinary SharesGBUSDDec 2013
AAMA.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2013
ATMALBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBUSDDec 2013
9A3MUN (Boerse Muenchen)YesOrdinary SharesDEEURDec 2013

Biography

Atlas Mara Limited is a private equity firm specializing in potential and bolt-on acquisitions. The firm prefers to invest in the sub-Saharan African market, though it also invests outside Africa. It considers investments in the financial services sector. The firm was formerly known as Atlas Mara Co Nvest Ltd. Atlas Mara Limited is based in Road Town, British Virgin Islands. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 23:05
End of Day Share Price2020/02/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.