BST:480

Stock Analysis Report

Executive Summary

APQ Global Limited, together with its subsidiary, APQ Partners LLP, primarily engages in the investment activities in Asia, Latin America, Eastern Europe, the Middle East, and Africa.


Snowflake Analysis

Unattractive dividend payer and overvalued.

Share Price & News

How has APQ Global's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 480 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.7%

480

-2.2%

DE Capital Markets

-0.9%

DE Market


1 Year Return

-6.9%

480

31.0%

DE Capital Markets

12.8%

DE Market

Return vs Industry: 480 underperformed the German Capital Markets industry which returned 31% over the past year.

Return vs Market: 480 underperformed the German Market which returned 12.8% over the past year.


Shareholder returns

480IndustryMarket
7 Day-0.7%-2.2%-0.9%
30 Day0%9.8%-0.4%
90 Day1.4%22.5%2.3%
1 Year2.8%-6.9%33.8%31.0%16.3%12.8%
3 Yearn/a6.2%-6.4%15.8%5.7%
5 Yearn/a-20.3%-32.7%19.7%3.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is APQ Global undervalued compared to its fair value and its price relative to the market?

0.95x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 480's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 480's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 480 is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.

PE vs Market: 480 is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 480's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 480 is good value based on its PB Ratio (1x) compared to the DE Capital Markets industry average (1.8x).


Next Steps

Future Growth

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

51.8%

Forecasted Diversified Financials 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 APQ Global 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.


Next Steps

Past Performance

How has APQ Global performed over the past 5 years?

-29.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 480 is currently unprofitable.

Growing Profit Margin: 480 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 480 is unprofitable, and losses have increased over the past 5 years at a rate of -29.6% per year.

Accelerating Growth: Unable to compare 480's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 480 is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (-2.7%).


Return on Equity

High ROE: 480 has a negative Return on Equity (-8.73%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is APQ Global'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: 480 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 480's debt is not covered by short term assets (assets are 0x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 480 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 480 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 66.2% per year.


Financial Institutions Analysis

Asset Level: 480's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if 480 has a sufficient allowance for bad loans.

Low Risk Liabilities: 480 reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if 480 has an acceptable proportion of non-loan assets held.

Low Risk Deposits: 480 has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if 480 has an appropriate level of bad loans.


Next Steps

Dividend

What is APQ Global's current dividend yield, its reliability and sustainability?

8.76%

Current Dividend Yield


Dividend Yield vs Market

company8.8%marketbottom25%1.3%markettop25%3.6%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: 480's dividend (8.76%) is higher than the bottom 25% of dividend payers in the German market (1.31%).

High Dividend: 480's dividend (8.76%) is in the top 25% of dividend payers in the German market (3.63%)


Stability and Growth of Payments

Stable Dividend: 480 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 480's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: 480 is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

2.1yrs

Average board tenure


CEO

Bart Turtelboom (53yo)

2.8yrs

Tenure

US$401,934

Compensation

Dr. Bart Gerard Turtelboom, Ph.D. has been the Chief Executive Officer of APQ Global Limited since April 20, 2017. Dr. Turtelboom has been the Chief Executive Officer at Pbac Limited since March 15, 2016.  ...


CEO Compensation Analysis

Compensation vs Market: Bart's total compensation ($USD401.93K) is about average for companies of similar size in the German market ($USD413.13K).

Compensation vs Earnings: Bart's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Bart Turtelboom
CEO & Executive Director2.8yrsUS$401.93k28.35% $18.0m
Wesley Davis
Finance Director & Executive Director1.1yrsno datano data
Wayne Bulpitt
Non-Executive Chairman2.8yrsUS$39.93k0.059% $37.7k
Al Wadhah Sulaiman Al-Adawi
Member of International Advisory Council2.3yrsno datano data
Philip Soulsby
Senior Independent Non-Executive Director0yrsUS$23.58kno data
Yan Lynn
Member of International Advisory Council2.5yrsno datano data
Tania Rotherwick
Chairwoman of International Advisory Council0yrsno datano data
Dimieari Von Kemedi
Member of International Advisory Council1.9yrsno datano data
John Toshack
Member of International Advisory Council1.7yrsno datano data
Gregory Van Bergh
Member of International Advisory Council0yrsno datano data

2.1yrs

Average Tenure

53yo

Average Age

Experienced Board: 480's board of directors are not considered experienced ( 2.1 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

APQ Global Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: APQ Global Limited
  • Ticker: 480
  • Exchange: BST
  • Founded: 2016
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£53.222m
  • Listing Market Cap: UK£63.528m
  • Shares outstanding: 78.27m
  • Website: https://www.apqglobal.com

Location

  • APQ Global Limited
  • Tudor House
  • 1st Floor
  • St Peter Port
  • GY1 1DB
  • Guernsey

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
APQAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPAug 2016
480BST (Boerse-Stuttgart)YesOrdinary SharesDEEURAug 2016

Biography

APQ Global Limited, together with its subsidiary, APQ Partners LLP, primarily engages in the investment activities in Asia, Latin America, Eastern Europe, the Middle East, and Africa. It invests in equities and credit, and government and local currency bonds. The company was founded in 2016 and is based in St Peter Port, Guernsey. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/24 00:09
End of Day Share Price2020/02/21 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.