Alpha Financial Markets Consulting plc

AIM:AFM Stock Report

Market Cap: UK£581.6m

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Alpha Financial Markets Consulting Valuation

Is AFM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AFM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
UK£6.48
Fair Value
22.2% undervalued intrinsic discount
3
Number of Analysts

Below Fair Value: AFM (£5.04) is trading below our estimate of fair value (£6.48)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AFM?

Key metric: As AFM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AFM. This is calculated by dividing AFM's market cap by their current earnings.
What is AFM's PE Ratio?
PE Ratio36.7x
EarningsUK£15.85m
Market CapUK£581.60m

Price to Earnings Ratio vs Peers

How does AFM's PE Ratio compare to its peers?

The above table shows the PE ratio for AFM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.3x
ELIX Elixirr International
22.1x16.2%UK£362.5m
WIL Wilmington
23.4x17.0%UK£325.5m
FNTL Fintel
42.4x30.2%UK£250.1m
DWF DWF Group
25.4x47.9%UK£316.4m
AFM Alpha Financial Markets Consulting
36.7xn/aUK£581.6m

Price-To-Earnings vs Peers: AFM is expensive based on its Price-To-Earnings Ratio (36.7x) compared to the peer average (27.2x).

Price to Earnings Ratio vs Industry

How does AFM's PE Ratio compare vs other companies in the GB Professional Services Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CPI Capita
2.9x6.4%US$290.93m
IBPO iEnergizer
1.7xn/aUS$140.06m
TEK Tekcapital
1.6xn/aUS$21.60m
No more companies available in this PE range
AFM 36.7xIndustry Avg. 22.8xNo. of Companies5PE01632486480+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AFM is expensive based on its Price-To-Earnings Ratio (36.7x) compared to the UK Professional Services industry average (21.8x).

Price to Earnings Ratio vs Fair Ratio

What is AFM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AFM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio36.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AFM's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AFM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
UK£5.01
0%
15.4%UK£6.08UK£4.29n/a3
Apr ’26n/a
UK£5.01
0%
15.4%UK£6.08UK£4.29n/a3
Mar ’26n/a
UK£5.01
0%
15.4%UK£6.08UK£4.29n/a3
Feb ’26n/a
UK£5.01
0%
15.4%UK£6.08UK£4.29n/a3
Jan ’26n/a
UK£5.01
0%
15.4%UK£6.08UK£4.29n/a3
Dec ’25n/a
UK£5.01
0%
15.4%UK£6.08UK£4.29n/a3
Nov ’25n/a
UK£5.01
0%
15.4%UK£6.08UK£4.29n/a3
Oct ’25n/a
UK£5.01
0%
15.4%UK£6.08UK£4.29n/a3
Sep ’25n/a
UK£5.01
0%
15.4%UK£6.08UK£4.29n/a3
Aug ’25UK£4.98
UK£4.85
-2.5%
14.1%UK£6.08UK£4.20n/a5
Jul ’25UK£4.97
UK£4.85
-2.3%
14.1%UK£6.08UK£4.20n/a5
Jun ’25UK£4.09
UK£4.84
+18.4%
14.0%UK£6.08UK£4.20n/a5
May ’25UK£4.65
UK£4.57
-1.8%
16.9%UK£6.08UK£3.95n/a5
Apr ’25UK£3.24
UK£4.57
+40.9%
16.9%UK£6.08UK£3.95n/a5
Mar ’25UK£3.50
UK£4.65
+32.8%
15.5%UK£6.08UK£4.20n/a5
Feb ’25UK£3.65
UK£5.06
+38.5%
18.7%UK£6.72UK£4.20n/a5
Jan ’25UK£3.90
UK£5.06
+29.6%
18.7%UK£6.72UK£4.20n/a5
Dec ’24UK£3.60
UK£5.06
+40.4%
18.7%UK£6.72UK£4.20n/a5
Nov ’24UK£3.70
UK£5.08
+37.2%
18.9%UK£6.72UK£4.20n/a5
Oct ’24UK£3.45
UK£5.71
+65.4%
10.0%UK£6.72UK£5.00n/a5
Sep ’24UK£3.50
UK£5.71
+63.0%
10.0%UK£6.72UK£5.00n/a5
Aug ’24UK£3.85
UK£5.71
+48.2%
10.0%UK£6.72UK£5.00UK£4.985
Jul ’24UK£3.93
UK£5.71
+45.4%
10.0%UK£6.72UK£5.00UK£4.975
Jun ’24UK£4.55
UK£5.69
+25.0%
7.3%UK£6.48UK£5.30UK£4.095
May ’24UK£4.65
UK£5.72
+22.9%
7.1%UK£6.48UK£5.30UK£4.656
AnalystConsensusTarget
Consensus Narrative from 3 Analysts
UK£5.01
Fair Value
0.7% overvalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/08/20 03:16
End of Day Share Price 2024/08/20 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Alpha Financial Markets Consulting plc is covered by 10 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew GibbArden Partners Plc.
Stephen BarrettArden Partners Plc.
Robert ChantryBerenberg