Upcoming Dividend • May 01
Upcoming dividend of €0.41 per share Eligible shareholders must have bought the stock before 08 May 2026. Payment date: 12 May 2026. Payout ratio is on the higher end at 94%, however this is supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Spanish dividend payers (5.1%). Higher than average of industry peers (3.2%). Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €10.70, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 15x in the Capital Markets industry in Europe. Total returns to shareholders of 5.3% over the past three years. New Risk • Apr 10
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 94% Dividend yield: 4.8% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 36% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (94% payout ratio). Declared Dividend • Apr 04
Dividend of €0.41 announced Shareholders will receive a dividend of €0.41. Ex-date: 8th May 2026 Payment date: 12th May 2026 Dividend yield will be 4.4%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 37% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.6% EPS decline seen over the last 5 years. Announcement • Mar 30
Alantra Partners, S.A., Annual General Meeting, Apr 28, 2026 Alantra Partners, S.A., Annual General Meeting, Apr 28, 2026. Location: calle jose ortega y gasset 29, planta 8, madrid., Spain Reported Earnings • Nov 02
Third quarter 2025 earnings released: EPS: €0.014 (vs €0.052 in 3Q 2024) Third quarter 2025 results: EPS: €0.014. Revenue: €50.2m (down 3.1% from 3Q 2024). Net income: €3.46m (up 72% from 3Q 2024). Profit margin: 6.9% (up from 3.9% in 3Q 2024). The increase in margin was driven by lower expenses. New Risk • Jul 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 24% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (4.5% average weekly change). Buy Or Sell Opportunity • Jun 22
Now 20% overvalued Over the last 90 days, the stock has fallen 9.9% to €7.84. The fair value is estimated to be €6.53, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Earnings per share has declined by 77%. New Risk • Jun 18
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 24% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Jun 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 24% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.1% average weekly change). Upcoming Dividend • May 02
Upcoming dividend of €0.12 per share Eligible shareholders must have bought the stock before 08 May 2025. Payment date: 12 May 2025. Payout ratio and cash payout ratio are on the higher end at 81% and 89% respectively. Trailing yield: 1.7%. Lower than top quartile of Spanish dividend payers (5.2%). Lower than average of industry peers (3.6%). Buy Or Sell Opportunity • Apr 28
Now 28% overvalued The stock has been flat over the last 90 days, currently trading at €8.80. The fair value is estimated to be €6.87, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Earnings per share has declined by 77%. Declared Dividend • Mar 31
Dividend of €0.12 announced Shareholders will receive a dividend of €0.12. Ex-date: 8th May 2025 Payment date: 12th May 2025 Dividend yield will be 1.4%, which is lower than the industry average of 5.4%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 24% to shift the payout ratio to a potentially unsustainable range, which is less than the 38% EPS decline seen over the last 5 years. Announcement • Mar 31
Alantra Partners, S.A., Annual General Meeting, Apr 29, 2025 Alantra Partners, S.A., Annual General Meeting, Apr 29, 2025. Location: calle jose ortega y gasset 29, planta 1., madrid Spain Announcement • Mar 30
Alantra Partners, S.A. announces Annual dividend, payable on May 12, 2025 Alantra Partners, S.A. announced Annual dividend of EUR 0.1215 per share payable on May 12, 2025, ex-date on May 08, 2025 and record date on May 09, 2025. Buy Or Sell Opportunity • Mar 30
Now 20% undervalued Over the last 90 days, the stock has risen 12% to €8.52. The fair value is estimated to be €10.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Earnings per share has declined by 58%. New Risk • Feb 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Profit margins are more than 30% lower than last year (2.4% net profit margin). Buy Or Sell Opportunity • Jul 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.6% to €8.24. The fair value is estimated to be €10.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Earnings per share has declined by 58%. New Risk • Mar 26
New major risk - Revenue and earnings growth Earnings have declined by 6.4% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.4% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (4.5% average weekly change). Profit margins are more than 30% lower than last year (2.8% net profit margin). Declared Dividend • Mar 25
Dividend of €0.065 announced Shareholders will receive a dividend of €0.065. Ex-date: 8th May 2024 Payment date: 10th May 2024 Dividend yield will be 0.7%, which is lower than the industry average of 5.4%. Sustainability & Growth Dividend is covered by earnings (85% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 5.4% to shift the payout ratio to a potentially unsustainable range, which is similar to the EPS decline seen over the last 5 years. Buy Or Sell Opportunity • Feb 20
Now 21% undervalued Over the last 90 days, the stock has risen 4.5% to €8.42. The fair value is estimated to be €10.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has grown by 5.7%. New Risk • Feb 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (11% net profit margin). Announcement • Jan 17
Alantra Announces New Appointment Alantra has announced a new appointment. The asset management company has announced the appointment of former Credit Suisse banker, Patrick Porritt as MD of financial institution coverage. Porritt is to be based in London. Alantra has also hired Pierre-Alain Rikkers as managing director to cover technology deals. Rikkers is to be based in New York. Buying Opportunity • Nov 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be €10.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has grown by 5.7%. Upcoming Dividend • May 03
Upcoming dividend of €0.41 per share at 7.5% yield Eligible shareholders must have bought the stock before 10 May 2023. Payment date: 12 May 2023. Payout ratio is on the higher end at 79% but the company is not cash flow positive. Trailing yield: 7.5%. Within top quartile of Spanish dividend payers (6.1%). Higher than average of industry peers (5.8%). Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: €1.04 (vs €1.45 in FY 2021) Full year 2022 results: EPS: €1.04 (down from €1.45 in FY 2021). Revenue: €234.3m (down 26% from FY 2021). Net income: €40.1m (down 28% from FY 2021). Profit margin: 17% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Buying Opportunity • Jan 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.7%. The fair value is estimated to be €14.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 13%. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 2 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Diane Segalen was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Nov 02
Upcoming dividend of €0.26 per share Eligible shareholders must have bought the stock before 09 November 2022. Payment date: 11 November 2022. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 6.3%. Within top quartile of Spanish dividend payers (6.2%). Higher than average of industry peers (5.6%). Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 20% share price gain to €13.75, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 15x in the Capital Markets industry in Spain. Total loss to shareholders of 1.1% over the past three years. Reported Earnings • Jul 30
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €25.4m from profit in 1H 2021). Profit margin: (down from 18% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 04
Upcoming dividend of €0.45 per share Eligible shareholders must have bought the stock before 11 May 2022. Payment date: 13 May 2022. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of Spanish dividend payers (5.5%). Higher than average of industry peers (4.1%). Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 2 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Diane Segalen was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Apr 19
Now 21% undervalued Over the last 90 days, the stock is up 7.9%. The fair value is estimated to be €20.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 7.5%. Reported Earnings • Mar 02
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €1.45 (up from €0.75 in FY 2020). Revenue: €315.0m (up 77% from FY 2020). Net income: €56.1m (up 93% from FY 2020). Profit margin: 18% (up from 16% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 457%. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 03
Upcoming dividend of €0.28 per share Eligible shareholders must have bought the stock before 10 November 2021. Payment date: 12 November 2021. Trailing yield: 4.1%. Lower than top quartile of Spanish dividend payers (5.5%). Lower than average of industry peers (5.0%). Reported Earnings • Jul 28
Second quarter 2021 earnings released: EPS €0.42 (vs €0.17 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: €86.9m (up 135% from 2Q 2020). Net income: €16.3m (up 146% from 2Q 2020). Profit margin: 19% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 3% per year. Upcoming Dividend • May 04
Upcoming dividend of €0.32 per share Eligible shareholders must have bought the stock before 11 May 2021. Payment date: 13 May 2021. Trailing yield: 4.2%. Lower than top quartile of Spanish dividend payers (5.1%). Higher than average of industry peers (2.4%). Reported Earnings • May 02
First quarter 2021 earnings released: EPS €0.24 (vs €0.12 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €55.1m (up 27% from 1Q 2020). Net income: €9.13m (up 102% from 1Q 2020). Profit margin: 17% (up from 10% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Is New 90 Day High Low • Mar 10
New 90-day high: €14.25 The company is up 3.0% from its price of €13.80 on 10 December 2020. The Spanish market is also up 3.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Capital Markets industry, which is up 2.0% over the same period. Reported Earnings • Feb 26
Full year 2020 earnings released: EPS €0.75 (vs €1.04 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €177.6m (down 17% from FY 2019). Net income: €29.0m (down 28% from FY 2019). Profit margin: 16% (down from 19% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 7% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Dec 07
New 90-day high: €12.80 The company is up 22% from its price of €10.45 on 08 September 2020. The Spanish market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is flat over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: €11.70 The company is up 11% from its price of €10.55 on 21 August 2020. The Spanish market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Capital Markets industry, which is down 6.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of €24.5m, down 46% from the prior year. Total revenue was €175.2m over the last 12 months, down 29% from the prior year. Is New 90 Day High Low • Oct 12
New 90-day high: €11.30 The company is up 6.0% from its price of €10.70 on 14 July 2020. The Spanish market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 3.0% over the same period.