AIM:AFM

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Alpha Financial Markets Consulting

Executive Summary

Alpha Financial Markets Consulting plc provides consulting services to the asset and wealth management industries in the United Kingdom, the United States, Europe, and Asia. More Details


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.

Share Price & News

How has Alpha Financial Markets Consulting's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AFM is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: AFM's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

-3.2%

AFM

-6.7%

GB Professional Services

-0.8%

GB Market


1 Year Return

8.4%

AFM

-10.7%

GB Professional Services

-3.7%

GB Market

Return vs Industry: AFM exceeded the UK Professional Services industry which returned -9.6% over the past year.

Return vs Market: AFM exceeded the UK Market which returned -2% over the past year.


Shareholder returns

AFMIndustryMarket
7 Day-3.2%-6.7%-0.8%
30 Day-2.0%-6.2%0.9%
90 Day5.1%-2.8%6.6%
1 Year9.4%8.4%-9.0%-10.7%2.1%-3.7%
3 Year61.9%52.2%27.6%19.3%9.6%-3.5%
5 Yearn/a75.8%56.8%41.7%14.3%

Long-Term Price Volatility Vs. Market

How volatile is Alpha Financial Markets Consulting's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Alpha Financial Markets Consulting undervalued compared to its fair value and its price relative to the market?

16.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AFM (£2.45) is trading below our estimate of fair value (£2.93)

Significantly Below Fair Value: AFM is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: AFM is poor value based on its PE Ratio (44.5x) compared to the GB Professional Services industry average (31.6x).

PE vs Market: AFM is poor value based on its PE Ratio (44.5x) compared to the UK market (23.6x).


Price to Earnings Growth Ratio

PEG Ratio: AFM is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: AFM's PB Ratio (2.7x) is in line with the GB Professional Services industry average.


Next Steps

Future Growth

How is Alpha Financial Markets Consulting forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

25.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AFM's forecast earnings growth (25.4% per year) is above the savings rate (1%).

Earnings vs Market: AFM's earnings (25.4% per year) are forecast to grow faster than the UK market (23.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AFM's revenue (8.2% per year) is forecast to grow faster than the UK market (7% per year).

High Growth Revenue: AFM's revenue (8.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AFM's Return on Equity is forecast to be low in 3 years time (16.7%).


Next Steps

Past Performance

How has Alpha Financial Markets Consulting performed over the past 5 years?

60.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AFM has a large one-off loss of £3.8M impacting its September 30 2020 financial results.

Growing Profit Margin: AFM's current net profit margins (5.9%) are lower than last year (9.8%).


Past Earnings Growth Analysis

Earnings Trend: AFM's earnings have grown significantly by 60.2% per year over the past 5 years.

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

Earnings vs Industry: AFM had negative earnings growth (-28.5%) over the past year, making it difficult to compare to the Professional Services industry average (-23.5%).


Return on Equity

High ROE: AFM's Return on Equity (5.8%) is considered low.


Next Steps

Financial Health

How is Alpha Financial Markets Consulting's financial position?


Financial Position Analysis

Short Term Liabilities: AFM's short term assets (£52.3M) exceed its short term liabilities (£36.2M).

Long Term Liabilities: AFM's short term assets (£52.3M) exceed its long term liabilities (£11.9M).


Debt to Equity History and Analysis

Debt Level: AFM is debt free.

Reducing Debt: AFM had no debt 5 years ago.

Debt Coverage: AFM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: AFM has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Alpha Financial Markets Consulting current dividend yield, its reliability and sustainability?

1.71%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AFM's dividend (1.71%) is higher than the bottom 25% of dividend payers in the UK market (1.49%).

High Dividend: AFM's dividend (1.71%) is low compared to the top 25% of dividend payers in the UK market (4.52%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (38.1%), AFM's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AFM's dividends in 3 years are forecast to be well covered by earnings (48.6% payout ratio).


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Euan N. Fraser

8.08yrs

Tenure

UK£583,000

Compensation

Mr. Euan N. B. Fraser serves as the Global Chief Executive Officer at Alpha Financial Markets Consulting plc since 2013. Mr. Fraser served as the Chief Executive Officer (UK) at Alpha Financial Markets Con...


CEO Compensation Analysis

Compensation vs Market: Euan N.'s total compensation ($USD822.17K) is about average for companies of similar size in the UK market ($USD795.37K).

Compensation vs Earnings: Euan N.'s compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Euan N. Fraser
Global CEO & Director8.08yrsUK£583.00k0.55%
£ 1.4m
John Paton
Global CFO & Director3yrsUK£246.00k0.037%
£ 92.2k
Sarah Peacock
Global Chief Operating Officer1.08yrsno datano data
Stuart McNulty
Global Chief Client Officer and Head of UK for Asset & Wealth Management Consultingno datano datano data
Nicholas Baker
Global Chief Commercial Officer & Adviser to the Boardno datano datano data
Nina Spencer
Global Head of Alpha Data Solutions0.25yrno datano data
Neil Curham
Global Head of Innovation for Asset & Wealth Management Consulting0.25yrno datano data
Luc Baque
Global Head of Asset & Wealth Management Consulting11.08yrsno datano data
Joseph Morant
Head of North America for Asset & Wealth Management Consulting4.08yrsno datano data

3.0yrs

Average Tenure

Experienced Management: AFM's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Euan N. Fraser
Global CEO & Director8.08yrsUK£583.00k0.55%
£ 1.4m
John Paton
Global CFO & Director3yrsUK£246.00k0.037%
£ 92.2k
Nicholas Baker
Global Chief Commercial Officer & Adviser to the Boardno datano datano data
Kenneth Fry
Independent Non-Executive Chairman3yrsUK£65.00k0.18%
£ 451.0k
Penelope Judd
Senior Independent Non-Executive Director3yrsUK£50.00kno data
Jill May
Independent Non-Executive Director0.58yrno datano data
Keith Aylwin
Director0.083yrno datano data
Troy Mortimer
Director0.083yrno datano data

1.8yrs

Average Tenure

57yo

Average Age

Experienced Board: AFM'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: AFM insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Alpha Financial Markets Consulting plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Alpha Financial Markets Consulting plc
  • Ticker: AFM
  • Exchange: AIM
  • Founded: 2003
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: UK£250.165m
  • Shares outstanding: 102.11m
  • Website: https://www.alphafmc.com

Number of Employees


Location

  • Alpha Financial Markets Consulting plc
  • 60 Gresham Street
  • London
  • Greater London
  • EC2V 7BB
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AFMAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPOct 2017

Biography

Alpha Financial Markets Consulting plc provides consulting services to the asset and wealth management industries in the United Kingdom, the United States, Europe, and Asia. The company offers services in ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/24 20:37
End of Day Share Price2021/02/24 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.