Alan Allman Associates Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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 AAAP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AAAP (€9.04) is trading below our estimate of fair value (€9.18)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for AAAP. This is calculated by dividing AAAP's market cap by their current earnings.
What is AAAP's PE Ratio?
PE Ratio	54.4x
Earnings	€9.43m
Market Cap	€512.85m

AAAP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2x
Enterprise Value/EBITDA	21.9x
PEG Ratio	1.8x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AAAP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	29x
ELIX Elixirr International	20.5x	15.2%	UK£377.3m
WIL Wilmington	20.4x	7.3%	UK£350.9m
DWF DWF Group	25.4x	47.9%	UK£316.4m
FNTL Fintel	49.6x	34.0%	UK£292.8m
AAAP Alan Allman Associates	54.4x	29.9%	€512.8m

Price-To-Earnings vs Peers: AAAP is expensive based on its Price-To-Earnings Ratio (54.4x) compared to the peer average (18.6x).

Price to Earnings Ratio vs Industry

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

2 Companies	Price / Earnings	Estimated Growth	Market Cap
IBPO iEnergizer	1.7x	n/a	US$140.06m
TEK Tekcapital	1.5x	n/a	US$20.74m

No more companies available in this PE range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: AAAP is expensive based on its Price-To-Earnings Ratio (54.4x) compared to the UK Professional Services industry average (18.2x).

Price to Earnings Ratio vs Fair Ratio

What is AAAP'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.

AAAP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	54.4x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AAAP'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?

Analyst Forecast: Insufficient data to show price forecast.