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AFH Financial Group

AIM:AFHP
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AFHP
AIM
£132M
Market Cap
  1. Home
  2. GB
  3. Diversified Financials
Company description

AFH Financial Group Plc provides independent financial advisory and investment management services to the retail market in the United Kingdom. The last earnings update was 93 days ago. More info.


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AFHP Share Price and Events
7 Day Returns
-2.8%
AIM:AFHP
0.6%
GB Capital Markets
1.5%
GB Market
1 Year Returns
-8.8%
AIM:AFHP
7.9%
GB Capital Markets
2.1%
GB Market
AFHP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AFH Financial Group (AFHP) -2.8% -6.3% -9.9% -8.8% 92.5% 113.1%
GB Capital Markets 0.6% 10.4% 9.8% 7.9% 46.5% 73.4%
GB Market 1.5% 5.2% 9.7% 2.1% 17.8% 6.8%
1 Year Return vs Industry and Market
  • AFHP underperformed the Capital Markets industry which returned 7.9% over the past year.
  • AFHP underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.1% over the past year.
Price Volatility
AFHP
Industry
5yr Volatility vs Market

Value

 Is AFH Financial Group 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 AFH Financial Group 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 AFH Financial Group.

AIM:AFHP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= £1.03 * 6.2%
£0.06
Book Value of Equity per Share Median Book Value from the past 5 years. £1.03
Discount Rate (Cost of Equity) See below 6.8%
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:AFHP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 19%) (2.57%))
0.832
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.832 * 6.65%)
6.76%

Discounted Cash Flow Calculation for AIM:AFHP using Excess Returns Model Model

The calculations below outline how an intrinsic value for AFH Financial Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

AIM:AFHP Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.2% – 6.76%) * £1.03)
£-0.01
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £-0.01 / (6.76% - 1.23%)
£-0.10
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £1.03 + £-0.10
£0.94
AIM:AFHP Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.94
Current discount Discount to share price of £3.10
= -1 x (£3.10 - £0.94) / £0.94
-231.4%

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

  • The current share price of AFH Financial Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 AFH Financial Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AFH Financial Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:AFHP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-10-31) in GBP £0.16
AIM:AFHP Share Price ** AIM (2019-04-24) in GBP £3.1
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PE Ratio Median Figure of 45 Publicly-Listed Capital Markets Companies 19.33x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.16x

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

** Primary Listing of AFH Financial Group.

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

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

= 3.1 ÷ 0.16

19.39x

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

  • AFH Financial Group is overvalued based on earnings compared to the GB Capital Markets industry average.
  • AFH Financial Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does AFH Financial Group's expected growth come at a high price?
Raw Data
AIM:AFHP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
11.7%per year
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PEG Ratio Median Figure of 22 Publicly-Listed Capital Markets Companies 1.44x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for AFH Financial Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AFH Financial Group's assets?
Raw Data
AIM:AFHP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-10-31) in GBP £1.65
AIM:AFHP Share Price * AIM (2019-04-24) in GBP £3.1
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PB Ratio Median Figure of 80 Publicly-Listed Capital Markets Companies 1.46x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.52x
AIM:AFHP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 3.1 ÷ 1.65

1.87x

* Primary Listing of AFH Financial Group.

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

  • AFH Financial Group is overvalued based on assets compared to the GB Capital Markets industry average.
X
Value checks
We assess AFH Financial Group'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. AFH Financial Group has a total score of 0/6, 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 AFH Financial Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover AFH Financial Group, future earnings growth has been estimated based on fundamentals.
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
11.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AFH Financial Group expected to grow at an attractive rate?
  • AFH Financial Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • AFH Financial Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • AFH Financial Group'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:AFHP Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:AFHP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 11.7%
AIM:AFHP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 17.6%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 14%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 8.8%
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:AFHP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:AFHP Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-10-31 94 1
2020-10-31 89 1
2019-10-31 82 1
AIM:AFHP Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-10-31 51 3 6
2018-07-31 47 5 5
2018-04-30 42 7 5
2018-01-31 38 6 4
2017-10-31 34 5 3
2017-07-31 30 4 3
2017-04-30 26 4 2
2017-01-31 25 3 2
2016-10-31 24 3 2
2016-07-31 24 2 2
2016-04-30 24 2 1
2016-01-31 23 2 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AFH Financial Group's earnings are expected to grow by 11.7% yearly, however this is not considered high growth (20% yearly).
  • AFH Financial Group's revenue is expected to grow by 17.6% 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:AFHP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from AFH Financial Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:AFHP Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-10-31
2020-10-31
2019-10-31
AIM:AFHP Past Financials Data
Date (Data in GBP Millions) EPS *
2018-10-31 0.16
2018-07-31 0.15
2018-04-30 0.14
2018-01-31 0.13
2017-10-31 0.11
2017-07-31 0.10
2017-04-30 0.08
2017-01-31 0.08
2016-10-31 0.07
2016-07-31 0.07
2016-04-30 0.07
2016-01-31 0.06

*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.
  • Unable to establish if AFH Financial Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess AFH Financial Group'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.
AFH Financial Group 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 AFH Financial Group 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 AFH Financial Group's growth in the last year to its industry (Capital Markets).
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.
  • AFH Financial Group has delivered over 20% year on year earnings growth in the past 5 years.
  • AFH Financial Group's 1-year earnings growth exceeds its 5-year average (94.4% vs 45.5%)
  • AFH Financial Group's earnings growth has exceeded the GB Capital Markets industry average in the past year (94.4% vs -1.4%).
Earnings and Revenue History
AFH Financial Group'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 AFH Financial Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:AFHP Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-10-31 50.66 5.95 17.21
2018-07-31 46.57 5.29 15.77
2018-04-30 42.48 4.63 14.33
2018-01-31 38.06 3.85 13.39
2017-10-31 33.64 3.06 12.46
2017-07-31 29.97 2.50 11.40
2017-04-30 26.30 1.94 10.35
2017-01-31 25.21 1.81 10.13
2016-10-31 24.13 1.68 9.92
2016-07-31 24.29 1.55 10.36
2016-04-30 24.46 1.41 10.80
2016-01-31 22.72 1.29 10.01
2015-10-31 20.98 1.17 9.21
2015-07-31 18.47 0.88 8.36
2015-04-30 15.97 0.59 7.50
2015-01-31 15.50 0.60 7.16
2014-10-31 15.04 0.60 6.81
2014-07-31 14.17 0.78 6.22
2014-04-30 13.30 0.95 5.64
2014-01-31 12.05 0.88 5.10
2013-10-31 10.80 0.80 4.56
2013-07-31 9.85 0.56 4.34
2013-04-30 8.90 0.31 4.12
2013-01-31 8.05 0.24 3.78
2012-10-31 7.20 0.17 3.44
2012-04-30 6.84 0.04 3.27

*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.
  • AFH Financial Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AFH Financial Group used its assets more efficiently than the GB Capital Markets industry average last year based on Return on Assets.
  • AFH Financial Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess AFH Financial Group'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 Capital Markets 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.
AFH Financial Group has a total score of 5/6, 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 AFH Financial Group'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 AFH Financial Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AFH Financial Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AFH Financial Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AFH Financial Group'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.
  • Debt is covered by short term assets, assets are 10.4x debt.
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 AFH Financial Group Company Filings, last reported 5 months ago.

AIM:AFHP Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-10-31 69.42 3.39 21.54
2018-07-31 69.42 3.39 21.54
2018-04-30 53.00 3.32 23.73
2018-01-31 53.00 3.32 23.73
2017-10-31 33.33 3.57 9.28
2017-07-31 33.33 3.57 9.28
2017-04-30 31.05 3.39 12.58
2017-01-31 31.05 3.39 12.58
2016-10-31 20.15 3.43 6.72
2016-07-31 20.15 3.43 6.72
2016-04-30 19.08 3.46 7.11
2016-01-31 19.08 3.46 7.11
2015-10-31 12.63 3.50 3.77
2015-07-31 12.63 3.50 3.77
2015-04-30 11.27 2.89 4.33
2015-01-31 11.27 2.89 4.33
2014-10-31 10.54 0.75 5.65
2014-07-31 10.54 0.75 5.65
2014-04-30 9.37 0.80 4.88
2014-01-31 9.37 0.80 4.88
2013-10-31 7.29 0.94 4.33
2013-07-31 7.29 0.94 4.33
2013-04-30 12.65 1.59 1.15
2013-01-31 12.65 1.59 1.15
2012-10-31 4.07 0.36 0.92
2012-04-30 11.53 0.00 1.08
  • AFH Financial Group's level of debt (4.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (12.9% vs 4.9% today).
  • Debt is well covered by operating cash flow (103.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 53.3x coverage).
X
Financial health checks
We assess AFH Financial Group'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. AFH Financial Group 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 AFH Financial Group'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
1.94%
Current annual income from AFH Financial Group dividends. Estimated to be 3.19% next year.
If you bought £2,000 of AFH Financial Group shares you are expected to receive £39 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?
  • AFH Financial Group's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • AFH Financial Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.14%).
Upcoming dividend payment

Purchase AFH Financial Group 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:AFHP 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 1 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 2.8%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.1%
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 5.1%

Industry and Market average data is calculated daily.

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

AIM:AFHP Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-10-31 0.11 1.00
2020-10-31 0.10 1.00
2019-10-31 0.09 1.00
AIM:AFHP Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-01-21 0.060 1.812
2018-01-29 0.040 1.140
2017-03-03 0.030 1.264
2016-01-26 0.023 1.363
2016-01-25 0.023 1.312
2015-03-19 0.015 0.947
2015-03-16 0.015 0.984
2014-03-31 0.013 0.834
2013-03-26 0.010 0.849
2013-03-22 0.010 0.930

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

  • Whilst dividend payments have been stable, AFH Financial Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but AFH Financial Group only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of AFH Financial Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
X
Income/ dividend checks
We assess AFH Financial Group'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 AFH Financial Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AFH Financial Group has a total score of 2/6, 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 AFH Financial Group'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
Alan Hudson
COMPENSATION £658,890
AGE 58
CEO Bio

Mr. Alan Hudson serves as the Chief Executive Officer at AFH Financial Group PLC and served as its Chairman until February 2014. Mr. Hudson is a qualified chartered financial planner and has considerable financial planning and investment management experience. He serves as an Executive Director of AFH Financial Group PLC. He founded AFH in 1990 but more latterly, the principal operating business, AFH Independent Financial Services, in 2002. Prior to founding AFH, he ran the Birmingham regional office of Target Life.

CEO Compensation
  • Alan's compensation has increased by more than 20% in the past year.
  • Alan's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the AFH Financial Group management team in years:

3.5
Average Tenure
56.5
Average Age
  • The tenure for the AFH Financial Group management team is about average.
Management Team

Alan Hudson

TITLE
CEO & Executive Director
COMPENSATION
£659K
AGE
58

Paul Wright

TITLE
CFO & Executive Director
COMPENSATION
£295K
AGE
61
TENURE
5.2 yrs

Alexis Larvin

TITLE
Group Head of Risk & Executive Director
COMPENSATION
£194K
AGE
36
TENURE
3.5 yrs

Austin Broad

TITLE
Group Head of Advice & Executive Director
COMPENSATION
£183K
AGE
55
TENURE
3.5 yrs

Anne-Marie Brown

TITLE
Company Secretary
Board of Directors Tenure

Average tenure and age of the AFH Financial Group board of directors in years:

4.9
Average Tenure
59.5
Average Age
  • The tenure for the AFH Financial Group board of directors is about average.
Board of Directors

John Wheatley

TITLE
Non-Executive Chairman
COMPENSATION
£51K
AGE
66
TENURE
5.2 yrs

Alan Hudson

TITLE
CEO & Executive Director
COMPENSATION
£659K
AGE
58

Paul Wright

TITLE
CFO & Executive Director
COMPENSATION
£295K
AGE
61
TENURE
5.2 yrs

Alexis Larvin

TITLE
Group Head of Risk & Executive Director
COMPENSATION
£194K
AGE
36
TENURE
3.5 yrs

Austin Broad

TITLE
Group Head of Advice & Executive Director
COMPENSATION
£183K
AGE
55
TENURE
3.5 yrs

Susan Lewis

TITLE
Non-Executive Director
COMPENSATION
£41K
TENURE
5.2 yrs

Mark Chambers

TITLE
Non-Executive Director
COMPENSATION
£41K
AGE
64
TENURE
4.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
X
Management checks
We assess AFH Financial Group'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. AFH Financial Group 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

Why Fundamental Investors Might Love AFH Financial Group Plc (LON:AFHP)

I've been keeping an eye on AFH Financial Group Plc (LON:AFHP) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe AFHP has a lot to offer. … is a company with great financial health as well as a.

Simply Wall St -

Can You Imagine How Chuffed AFH Financial Group's (LON:AFHP) Shareholders Feel About Its 146% Share Price Gain?

One great example is AFH Financial Group Plc (LON:AFHP) which saw its share price drive 146% higher over five years. … Over half a decade, AFH Financial Group managed to grow its earnings per share at 25% a year. … The EPS growth is more impressive than the yearly share price gain of 20% over the same period.

Simply Wall St -

Don't Sell AFH Financial Group Plc (LON:AFHP) Before You Read This

We'll look at AFH Financial Group Plc's (LON:AFHP) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, AFH Financial Group's P/E ratio is 27.34. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What Does AFH Financial Group Plc's (LON:AFHP) PE Ratio Tell You?

While this makes AFHP appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio. … I will explain what the P/E ratio is as well as what you should look out for when using it … What you need to know about the P/E ratio

Simply Wall St -

Where AFH Financial Group Plc (LON:AFHP) Stands In Terms Of Earnings Growth Against Its Industry

Assessing AFH Financial Group Plc's (LON:AFHP) past track record of performance is a valuable exercise for investors. … Today I will assess AFHP's recent performance announced on 30 April 2018 and evaluate these figures to its longer term trend and industry movements. … AFHP's trailing twelve-month earnings (from 30 April 2018) of UK£4.63m has

Simply Wall St -

Should You Worry About AFH Financial Group Plc's (LON:AFHP) CEO Salary Level?

In the past year, AFHP produced a profit of UK£4.63M , which is an increase of 138.94% from its last year's earnings of UK£1.94M. … AIM:AFHP Past Future Earnings Jun 6th 18 Is AFHP's CEO overpaid relative to the market? … Considering AFHP's size and performance, in terms of market cap and earnings, it appears that Hudson is compensated similar to other comparable UK CEOs of profitable small-caps.

Simply Wall St -

Who Are The Major Shareholders In AFH Financial Group Plc (LON:AFHP)?

In this article, I'm going to take a look at AFH Financial Group Plc’s (AIM:AFHP) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Insider Ownership Another important group of shareholders are company insiders. … Private Company Ownership Another group of owners that a potential investor in AFHP should consider are private companies, with a stake of 5.67%.

Simply Wall St -

Should You Be Tempted To Sell AFH Financial Group Plc (LON:AFHP) At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for AFHP Price per share = £3.54 Earnings per share = £0.112 ∴ Price-Earnings Ratio = £3.54 ÷ £0.112 = 31.5x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … AFHP’s P/E of 31.5x is higher than its industry peers (15.8x), which implies that each dollar of AFHP’s earnings is being overvalued by investors. … For example, if you accidentally compared lower growth firms with AFHP, then AFHP’s P/E would naturally be higher since investors would reward AFHP’s higher growth with a higher price.

Simply Wall St -

AFH Financial Group Plc (LON:AFHP): Has Recent Earnings Growth Beaten Long-Term Trend?

Check out our latest analysis for AFH Financial Group How AFHP fared against its long-term earnings performance and its industry For the purpose of this commentary, I like to use the ‘latest twelve-month’ data, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … Since these values are relatively short-term, I have computed an annualized five-year value for AFHP's net income, which stands at UK£1.00M This suggests that, on average, AFH Financial Group has been able to steadily raise its earnings over the last couple of years as well. … This suggests that any tailwind the industry is profiting from, AFH Financial Group is able to leverage this to its advantage.What does this mean?

Simply Wall St -

Should You Worry About AFH Financial Group Plc's (LON:AFHP) CEO Salary Level?

AFHP can create value to shareholders by increasing its profitability, which in turn is reflected into the share price and the investor's ability to sell their shares at higher capital gains. … In the past year, AFHP delivered an earnings of UK£3.06M , which is an increase of 82.65% from its last year's earnings of UK£1.68M. … Based on the size of AFHP in terms of market cap, as well as its performance, using earnings as a proxy, it seems that Hudson is paid on a similar level to other UK CEOs of small-caps, on average.

Simply Wall St -

Company Info

Description

AFH Financial Group Plc provides independent financial advisory and investment management services to the retail market in the United Kingdom. The company offers wealth management and financial planning services, including investment management, pension and retirement planning, tax and inheritance planning, life cover and family protection, and mortgages, as well as discretionary investment management services. It serves mass affluent and high net worth private clients, as well as various companies. The company was founded in 1990 and is based in Bromsgrove, the United Kingdom.

Details
Name: AFH Financial Group Plc
AFHP
Exchange: AIM
Founded: 1990
£131,896,103
42,547,130
Website: http://www.afhwm.co.uk
Address: AFH Financial Group Plc
AFH House,
Buntsford Drive,
Bromsgrove,
Worcestershire, B60 4JE,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM AFHP Ordinary Shares London Stock Exchange AIM Market GB GBP 23. Jun 2011
Number of employees
Current staff
Staff numbers
358
AFH Financial Group employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 22:05
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/04/01
Last earnings filing: 2019/01/21
Last earnings reported: 2018/10/31
Last annual earnings reported: 2018/10/31


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.