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Alpha Financial Markets Consulting

AIM:AFM
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AFM
AIM
£205M
Market Cap
  1. Home
  2. GB
  3. Commercial Services
Company description

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 last earnings update was 44 days ago. More info.


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AFM Share Price and Events
7 Day Returns
-1.9%
AIM:AFM
-0.4%
GB Professional Services
0.1%
GB Market
1 Year Returns
-21.6%
AIM:AFM
8.8%
GB Professional Services
-2.2%
GB Market
AFM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Alpha Financial Markets Consulting (AFM) -1.9% -11% -14.7% -21.6% - -
GB Professional Services -0.4% -1.8% 8.9% 8.8% 45.1% 93.7%
GB Market 0.1% 0.6% -0% -2.2% 11.2% 6.1%
1 Year Return vs Industry and Market
  • AFM underperformed the Professional Services industry which returned 8.8% over the past year.
  • AFM underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -2.2% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Alpha Financial Markets Consulting undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Alpha Financial Markets Consulting to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Alpha Financial Markets Consulting.

AIM:AFM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.2%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AIM:AFM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.852 (1 + (1- 19%) (0%))
0.901
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.901 * 6.65%)
7.22%

Discounted Cash Flow Calculation for AIM:AFM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Alpha Financial Markets Consulting is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

AIM:AFM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 7.22%)
2020 14.00 Analyst x1 13.06
2021 16.05 Analyst x2 13.96
2022 16.00 Analyst x1 12.98
2023 16.02 Est @ 0.15% 12.13
2024 16.10 Est @ 0.47% 11.36
2025 16.21 Est @ 0.7% 10.67
2026 16.35 Est @ 0.86% 10.04
2027 16.51 Est @ 0.97% 9.45
2028 16.68 Est @ 1.05% 8.91
2029 16.87 Est @ 1.1% 8.40
Present value of next 10 years cash flows £110.96
AIM:AFM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £16.87 × (1 + 1.23%) ÷ (7.22% – 1.23%)
£284.96
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £284.96 ÷ (1 + 7.22%)10
£141.94
AIM:AFM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £110.96 + £141.94
£252.90
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £252.90 / 100.99
£2.5
AIM:AFM Discount to Share Price
Calculation Result
Value per share (GBP) From above. £2.50
Current discount Discount to share price of £2.03
= -1 x (£2.03 - £2.50) / £2.50
18.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Alpha Financial Markets Consulting is available for.
Intrinsic value
19%
Share price is £2.03 vs Future cash flow value of £2.5
Current Discount Checks
For Alpha Financial Markets Consulting to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Alpha Financial Markets Consulting's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Alpha Financial Markets Consulting's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Alpha Financial Markets Consulting's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Alpha Financial Markets Consulting's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:AFM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in GBP £0.09
AIM:AFM Share Price ** AIM (2019-07-19) in GBP £2.03
United Kingdom of Great Britain and Northern Ireland Professional Services Industry PE Ratio Median Figure of 32 Publicly-Listed Professional Services Companies 19.54x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 791 Publicly-Listed Companies 16.38x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Alpha Financial Markets Consulting.

AIM:AFM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:AFM Share Price ÷ EPS (both in GBP)

= 2.03 ÷ 0.09

22.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Alpha Financial Markets Consulting is overvalued based on earnings compared to the GB Professional Services industry average.
  • Alpha Financial Markets Consulting is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Alpha Financial Markets Consulting's expected growth come at a high price?
Raw Data
AIM:AFM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
19.2%per year
United Kingdom of Great Britain and Northern Ireland Professional Services Industry PEG Ratio Median Figure of 20 Publicly-Listed Professional Services Companies 1.57x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 573 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

AIM:AFM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.42x ÷ 19.2%

1.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Alpha Financial Markets Consulting is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Alpha Financial Markets Consulting's assets?
Raw Data
AIM:AFM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in GBP £0.88
AIM:AFM Share Price * AIM (2019-07-19) in GBP £2.03
United Kingdom of Great Britain and Northern Ireland Professional Services Industry PB Ratio Median Figure of 44 Publicly-Listed Professional Services Companies 2.42x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,377 Publicly-Listed Companies 1.5x
AIM:AFM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:AFM Share Price ÷ Book Value per Share (both in GBP)

= 2.03 ÷ 0.88

2.3x

* Primary Listing of Alpha Financial Markets Consulting.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Alpha Financial Markets Consulting is good value based on assets compared to the GB Professional Services industry average.
X
Value checks
We assess Alpha Financial Markets Consulting's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. Alpha Financial Markets Consulting has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Alpha Financial Markets Consulting expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
19.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Alpha Financial Markets Consulting expected to grow at an attractive rate?
  • Alpha Financial Markets Consulting's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Alpha Financial Markets Consulting's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Alpha Financial Markets Consulting's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:AFM Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:AFM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 19.2%
AIM:AFM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 12.8%
United Kingdom of Great Britain and Northern Ireland Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 10.1%
United Kingdom of Great Britain and Northern Ireland Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AIM:AFM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:AFM Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 155 1
2023-03-31 135 1
2022-03-31 114 17 17 4
2021-03-31 104 17 15 4
2020-03-31 92 14 14 3
AIM:AFM Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-03-31 76 16 9
2018-12-31 76 16 8
2018-09-30 76 16 6
2018-06-30 71 14 3
2018-03-31 66 11 0
2017-09-30 52 4 -4
2017-06-30 47 5 -4
2017-03-31 42 5 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Alpha Financial Markets Consulting's earnings are expected to grow by 19.2% yearly, however this is not considered high growth (20% yearly).
  • Alpha Financial Markets Consulting's revenue is expected to grow by 12.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:AFM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Alpha Financial Markets Consulting Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:AFM Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 0.17 0.17 0.17 1.00
2021-03-31 0.15 0.16 0.14 2.00
2020-03-31 0.14 0.14 0.14 1.00
AIM:AFM Past Financials Data
Date (Data in GBP Millions) EPS *
2019-03-31 0.09
2018-12-31 0.08
2018-09-30 0.06
2018-06-30 0.03
2018-03-31 0.00
2017-09-30 -0.03
2017-06-30 -0.04
2017-03-31 -0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Alpha Financial Markets Consulting is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Alpha Financial Markets Consulting's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Alpha Financial Markets Consulting has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Alpha Financial Markets Consulting's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Alpha Financial Markets Consulting's year on year earnings growth rate has been positive over the past 5 years.
  • Alpha Financial Markets Consulting has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Alpha Financial Markets Consulting has become profitable in the last year making it difficult to compare the GB Professional Services industry average.
Earnings and Revenue History
Alpha Financial Markets Consulting's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Alpha Financial Markets Consulting Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:AFM Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 75.96 9.20 13.92
2018-12-31 76.09 7.83 15.13
2018-09-30 76.22 6.47 16.34
2018-06-30 71.11 3.01 15.33
2018-03-31 66.01 -0.44 14.32
2017-09-30 51.89 -3.83 10.28
2017-06-30 47.05 -3.80 9.53
2017-03-31 42.21 -3.78 8.77
2015-03-31 23.80 4.07 3.12
2014-03-31 22.76 4.15 4.36
2013-03-31 11.69 1.40 1.29

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Alpha Financial Markets Consulting has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Alpha Financial Markets Consulting used its assets less efficiently than the GB Professional Services industry average last year based on Return on Assets.
  • Alpha Financial Markets Consulting has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Alpha Financial Markets Consulting's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Alpha Financial Markets Consulting has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Alpha Financial Markets Consulting's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Alpha Financial Markets Consulting's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Alpha Financial Markets Consulting is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Alpha Financial Markets Consulting's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Alpha Financial Markets Consulting's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Alpha Financial Markets Consulting has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Alpha Financial Markets Consulting Company Filings, last reported 3 months ago.

AIM:AFM Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 89.14 0.00 18.58
2018-12-31 89.14 0.00 18.58
2018-09-30 84.32 0.00 10.63
2018-06-30 84.32 0.00 10.63
2018-03-31 82.65 0.00 9.77
2017-09-30 -5.95 89.24 4.51
2017-06-30 -5.95 89.24 4.51
2017-03-31 -4.55 87.12 8.02
2015-03-31 5.78 4.18
2014-03-31 6.56 5.93
2013-03-31 2.68 0.53
  • Alpha Financial Markets Consulting has no debt.
  • Alpha Financial Markets Consulting currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Alpha Financial Markets Consulting has no debt, it does not need to be covered by operating cash flow.
  • Alpha Financial Markets Consulting has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Alpha Financial Markets Consulting's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Alpha Financial Markets Consulting has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.96%
Current annual income from Alpha Financial Markets Consulting dividends. Estimated to be 3.7% next year.
If you bought £2,000 of Alpha Financial Markets Consulting shares you are expected to receive £59 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Alpha Financial Markets Consulting's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.95%).
  • Alpha Financial Markets Consulting's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.45%).
Upcoming dividend payment

Purchase Alpha Financial Markets Consulting before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AIM:AFM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.1%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AIM:AFM Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 0.08 3.00
2021-03-31 0.08 4.00
2020-03-31 0.07 4.00
AIM:AFM Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-06-05 0.060 2.722
2018-11-27 0.056 2.360
2018-06-06 0.052 2.166
2017-11-28 0.030 1.777

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Alpha Financial Markets Consulting has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Alpha Financial Markets Consulting only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Alpha Financial Markets Consulting's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Alpha Financial Markets Consulting's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Alpha Financial Markets Consulting afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Alpha Financial Markets Consulting has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Alpha Financial Markets Consulting's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Euan N Fraser
TENURE AS CEO 6.5 years
CEO Bio

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 Consulting Ltd from 2011 to 2015. Mr. Fraser joined Alpha Financial in October 2004. Before joining Alpha, he served as a Director at Synagir management consultancy with responsibility for asset management. He has several years financial services experience with Merrill Lynch and KPMG. Mr. Fraser serves as a Director at Alpha Financial Markets Consulting UK Limited and Alpha Financial Markets Consulting plc. Mr. Fraser is a Chartered Accountant and a graduate of Edinburgh University.

CEO Compensation
  • Insufficient data for Euan N to compare compensation growth.
  • Insufficient data for Euan N to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Alpha Financial Markets Consulting management team in years:

4.5
Average Tenure
  • The tenure for the Alpha Financial Markets Consulting management team is about average.
Management Team

Euan N Fraser

TITLE
Global CEO & Director
TENURE
6.5 yrs

John Paton

TITLE
CFO, Company Secretary & Director
AGE
46
TENURE
1.4 yrs

Nina Spencer

TITLE
Global Chief Operating Officer

Neil Curham

TITLE
Global Chief Marketing Officer

Stuart McNulty

TITLE
Chief Executive Officer of UK

Nick Baker

TITLE
Global Chief Commercial Officer & Adviser to the Board

Luc Baque

TITLE
Chief Executive Officer of Europe
TENURE
9.5 yrs

Joe Morant

TITLE
Chief Executive Officer of United States
TENURE
2.5 yrs
Board of Directors Tenure

Average tenure of the Alpha Financial Markets Consulting board of directors in years:

1.4
Average Tenure
  • The average tenure for the Alpha Financial Markets Consulting board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ken Fry

TITLE
Independent Non-Executive Chairman
TENURE
1.4 yrs

Euan N Fraser

TITLE
Global CEO & Director

John Paton

TITLE
CFO, Company Secretary & Director
AGE
46
TENURE
1.4 yrs

Nick Baker

TITLE
Global Chief Commercial Officer & Adviser to the Board

Penny Judd

TITLE
Senior Independent Non-Executive Director
AGE
56
TENURE
1.4 yrs

Nick Kent

TITLE
Non-Executive Director
TENURE
6.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
30. Nov 18 Sell Euan N Fraser Individual 29. Nov 18 29. Nov 18 -678,040 £2.18 £-1,478,127
X
Management checks
We assess Alpha Financial Markets Consulting's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Alpha Financial Markets Consulting has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does Alpha Financial Markets Consulting plc's (LON:AFM) Stock Price Account For Its Growth?

Alpha Financial Markets Consulting plc (LON:AFM) is considered a high-growth stock, but its last closing price of £2.28 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … As the legendary value investor Ben Graham once said, “Price is what you pay, value is what you get.” Alpha Financial Markets Consulting is trading at price-to-earnings (PE) ratio of 25.18x, which tells us the stock is overvalued based on current earnings compared to the Professional Services industry average of 18.74x , and overvalued compared to the GB market average ratio of 16.39x. … But, since Alpha Financial Markets Consulting is a high-growth stock, we must also account for its earnings growth by using calculation called the PEG ratio.

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Should We Be Cautious About Alpha Financial Markets Consulting plc's (LON:AFM) ROE Of 10%?

View our latest analysis for Alpha Financial Markets Consulting How Do You Calculate Return On Equity? … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Alpha Financial Markets Consulting: 10% = UK£9.2m ÷ UK£89m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Alpha Financial Markets Consulting's Debt And Its 10% ROE Alpha Financial Markets Consulting is free of net debt, which is a positive for shareholders.

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How Do Analysts See Alpha Financial Markets Consulting plc (LON:AFM) Performing In The Years Ahead?

Alpha Financial Markets Consulting plc's (LON:AFM) most recent earnings announcement in March 2019 indicated that the company turned profitable again after incurring negative earnings in the previous financial year. … Below, I've laid out key numbers on how market analysts view Alpha Financial Markets Consulting's earnings growth trajectory over the next few years and whether the future looks brighter. … See our latest analysis for Alpha Financial Markets Consulting Market analysts' prospects for the coming year seems buoyant, with earnings increasing by a significant 52%.

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What To Know Before Buying Alpha Financial Markets Consulting plc (LON:AFM) For Its Dividend

Dividend paying stocks like Alpha Financial Markets Consulting plc (LON:AFM) tend to be popular with investors, and for good reason - some research shows that a significant amount of all stock market returns come from reinvested dividends.. … Unfortunately, one common occurrence with dividend companies is for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments.. … Some readers mightn't know much about Alpha Financial Markets Consulting's 2.4% dividend, as it has only been paying distributions for a year or so.

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Alpha Financial Markets Consulting (LON:AFM) Shareholders Booked A 59% Gain In The Last Year

To wit, the Alpha Financial Markets Consulting plc (LON:AFM) share price is 59% higher than it was a year ago, much better than the market return of around 1.7% (not including dividends) in the same period. … View our latest analysis for Alpha Financial Markets Consulting. … During the last year Alpha Financial Markets Consulting grew its earnings per share, moving from a loss to a profit.

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Should We Be Cautious About Alpha Financial Markets Consulting plc's (LON:AFM) ROE Of 7.7%?

To keep the lesson grounded in practicality, we'll use ROE to better understand Alpha Financial Markets Consulting plc (LON:AFM). … Our data shows Alpha Financial Markets Consulting has a return on equity of 7.7% for the last year. … See our latest analysis for Alpha Financial Markets Consulting?

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An Examination Of Alpha Financial Markets Consulting plc (LON:AFM)

Help shape the future of investing tools and you could win a $250 gift card! … I've been keeping an eye on Alpha Financial Markets Consulting plc (LON:AFM) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe AFM has a lot to offer.

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What does Alpha Financial Markets Consulting plc's (LON:AFM) Balance Sheet Tell Us About Its Future?

Alpha Financial Markets Consulting plc (LON:AFM), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … Is financial flexibility worth the lower cost of capital … Debt funding can be cheaper than issuing new equity due to lower interest cost on debt.

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What To Know Before Buying Alpha Financial Markets Consulting plc (LON:AFM) For Its Dividend

Alpha Financial Markets Consulting plc (LON:AFM) has started paying a dividend to shareholders. … Let's take a look at Alpha Financial Markets Consulting in more detail. … View our latest analysis for Alpha Financial Markets Consulting

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Alpha Financial Markets Consulting plc (LON:AFM) Might Not Be A Great Investment

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

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Company Info

Description

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 the areas of mergers and acquisitions consulting, operations and outsourcing, front office IT, enterprise IT, customer relationship management and distribution, digital transformation, client service and reporting, compliance and regulation, data management, and product development. It serves asset managers, wealth managers, intermediaries and platforms, and service providers. Alpha Financial Markets Consulting plc was founded in 2003 and is headquartered in London, the United Kingdom.

Details
Name: Alpha Financial Markets Consulting plc
AFM
Exchange: AIM
Founded: 2003
£205,002,980
100,986,690
Website: http://www.alphafmc.com
Address: Alpha Financial Markets Consulting plc
60 Gresham Street,
London,
Greater London, EC2V 7BB,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM AFM Ordinary Shares London Stock Exchange AIM Market GB GBP 11. Oct 2017
Number of employees
Current staff
Staff numbers
362
Alpha Financial Markets Consulting employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 22:09
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/06/05
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.