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AFN

ADVFN AIM:AFN Stock Report

Last Price

UK£0.53

Market Cap

UK£13.8m

7D

-1.9%

1Y

-28.6%

Updated

27 Sep, 2022

Data

Company Financials
AFN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends3/6

AFN Stock Overview

ADVFN Plc, together with subsidiaries, develops and provides financial information primarily through the Internet and research services.

ADVFN Competitors

Price History & Performance

Summary of all time highs, changes and price drops for ADVFN
Historical stock prices
Current Share PriceUK£0.53
52 Week HighUK£0.95
52 Week LowUK£0.47
Beta0.84
1 Month Change-8.70%
3 Month Change2.94%
1 Year Change-28.57%
3 Year Change69.36%
5 Year Change40.00%
Change since IPO-96.50%

Recent News & Updates

Jun 07
If You Like EPS Growth Then Check Out ADVFN (LON:AFN) Before It's Too Late

If You Like EPS Growth Then Check Out ADVFN (LON:AFN) Before It's Too Late

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

AFNGB Capital MarketsGB Market
7D-1.9%-1.9%-3.1%
1Y-28.6%-19.3%-14.5%

Return vs Industry: AFN underperformed the UK Capital Markets industry which returned -19.6% over the past year.

Return vs Market: AFN underperformed the UK Market which returned -14.6% over the past year.

Price Volatility

Is AFN's price volatile compared to industry and market?
AFN volatility
AFN Average Weekly Movement3.4%
Capital Markets Industry Average Movement4.1%
Market Average Movement5.3%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.6%

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

Volatility Over Time: AFN's weekly volatility has decreased from 11% to 3% over the past year.

About the Company

FoundedEmployeesCEOWebsite
198938Jon Mullinshttps://www.advfn.com

ADVFN Plc, together with subsidiaries, develops and provides financial information primarily through the Internet and research services. The company offers stock, crypto, forex, and commodity market information to the private investors in the United Kingdom, the United States, Brazil, Italy, and other international retail markets. It also develops and explores ancillary Internet sites; and operates an Internet dating Website, and financial information Website, as well as provides office services, and brokerage and software development services.

ADVFN Fundamentals Summary

How do ADVFN's earnings and revenue compare to its market cap?
AFN fundamental statistics
Market CapUK£13.82m
Earnings (TTM)UK£1.56m
Revenue (TTM)UK£9.05m

8.9x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AFN income statement (TTM)
RevenueUK£9.05m
Cost of RevenueUK£370.00k
Gross ProfitUK£8.68m
Other ExpensesUK£7.13m
EarningsUK£1.56m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.059
Gross Margin95.91%
Net Profit Margin17.19%
Debt/Equity Ratio1.8%

How did AFN perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

38%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

AFN 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/Revenue1.3x
Enterprise Value/EBITDA8x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

AFN PE Ratio vs Peers
The above table shows the PE ratio for AFN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average36.5x
AQX Aquis Exchange
22.5x22.4%UK£89.9m
STM STM Group
12.1xn/aUK£15.2m
WCW Walker Crips Group
70.2xn/aUK£12.1m
BFSP Blackfinch Spring VCT
41.2xn/aUK£17.1m
AFN ADVFN
8.9xn/aUK£13.8m

Price-To-Earnings vs Peers: AFN is good value based on its Price-To-Earnings Ratio (8.9x) compared to the peer average (36.5x).


Price to Earnings Ratio vs Industry

How does AFN's PE Ratio compare vs other companies in the GB Capital Markets Industry?

Price-To-Earnings vs Industry: AFN is good value based on its Price-To-Earnings Ratio (8.9x) compared to the UK Capital Markets industry average (11.1x)


Price to Earnings Ratio vs Fair Ratio

What is AFN'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.

AFN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.9x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: AFN (£0.53) is trading above our estimate of fair value (£0.08)

Significantly Below Fair Value: AFN is trading above our estimate of fair value.


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.


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Future Growth

How is ADVFN forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.7%

Forecasted Diversified Financials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as ADVFN has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Check out ADVFN's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  • ADVFN competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has ADVFN performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


40.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AFN has a high level of non-cash earnings.

Growing Profit Margin: AFN's current net profit margins (17.2%) are higher than last year (5.8%).


Past Earnings Growth Analysis

Earnings Trend: AFN has become profitable over the past 5 years, growing earnings by 40.2% per year.

Accelerating Growth: AFN's earnings growth over the past year (255.3%) exceeds its 5-year average (40.2% per year).

Earnings vs Industry: AFN earnings growth over the past year (255.3%) exceeded the Capital Markets industry 13.9%.


Return on Equity

High ROE: AFN's Return on Equity (46.1%) is considered outstanding.


Discover strong past performing companies

Financial Health

How is ADVFN's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: AFN's short term assets (£2.8M) exceed its short term liabilities (£2.0M).

Long Term Liabilities: AFN's short term assets (£2.8M) exceed its long term liabilities (£84.0K).


Debt to Equity History and Analysis

Debt Level: AFN has more cash than its total debt.

Reducing Debt: Insufficient data to determine if AFN's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: AFN's debt is well covered by operating cash flow (2725%).

Interest Coverage: AFN earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is ADVFN current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.86%

Current Dividend Yield

Dividend Yield vs Market

ADVFN Dividend Yield vs Market
How does ADVFN dividend yield compare to the market?
SegmentDividend Yield
Company (ADVFN)2.9%
Market Bottom 25% (GB)2.1%
Market Top 25% (GB)6.1%
Industry Average (Capital Markets)3.6%
Analyst forecast in 3 Years (ADVFN)n/a

Notable Dividend: AFN's dividend (2.86%) is higher than the bottom 25% of dividend payers in the UK market (2.09%).

High Dividend: AFN's dividend (2.86%) is low compared to the top 25% of dividend payers in the UK market (5.9%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether AFN's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if AFN's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (37.6%), AFN's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (33.7%), AFN's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

0.6yrs

Average management tenure


CEO

Jon Mullins (52 yo)

no data

Tenure

UK£325,000

Compensation

Mr. Jonathan B. Mullins, also known as Jon, serves as Technical Director at Online Blockchain Plc. He serves as Director at Online Blockchain Plc (formerly known as On-Line plc) and served as its Chief Fin...


CEO Compensation Analysis

Jon Mullins's Compensation vs ADVFN Earnings
How has Jon Mullins's remuneration changed compared to ADVFN's earnings?
DateTotal Comp.SalaryCompany Earnings
Dec 31 2021n/an/a

UK£2m

Sep 30 2021n/an/a

UK£2m

Jun 30 2021UK£325kUK£312k

UK£2m

Mar 31 2021n/an/a

UK£1m

Dec 31 2020n/an/a

UK£438k

Sep 30 2020n/an/a

UK£107k

Jun 30 2020UK£167kUK£167k

-UK£225k

Mar 31 2020n/an/a

-UK£410k

Dec 31 2019n/an/a

-UK£596k

Sep 30 2019n/an/a

-UK£503k

Jun 30 2019UK£246kUK£243k

-UK£411k

Mar 31 2019n/an/a

-UK£128k

Dec 31 2018n/an/a

UK£155k

Sep 30 2018n/an/a

UK£274k

Jun 30 2018UK£258kUK£248k

UK£393k

Mar 31 2018n/an/a

UK£322k

Dec 31 2017n/an/a

UK£250k

Sep 30 2017n/an/a

UK£247k

Jun 30 2017UK£264kUK£258k

UK£244k

Mar 31 2017n/an/a

UK£113k

Dec 31 2016n/an/a

-UK£18k

Sep 30 2016n/an/a

-UK£248k

Jun 30 2016UK£199kUK£198k

-UK£478k

Compensation vs Market: Jon's total compensation ($USD349.41K) is about average for companies of similar size in the UK market ($USD326.24K).

Compensation vs Earnings: Jon's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: AFN's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: AFN's board of directors are not considered experienced ( 0.4 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of AFN?
Owner TypeNumber of SharesOwnership Percentage
Private Companies49,0000.2%
General Public3,376,37012.8%
Public Companies4,605,93817.5%
Institutions7,721,69929.3%
Individual Insiders10,562,31240.1%

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


Top Shareholders

Top 25 shareholders own 84.56% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
17.5%
Online Blockchain Plc
4,605,938£2.4m0%no data
10.93%
Yair Tauman
2,876,680£1.5m0%no data
9.59%
Dan Horsky
2,524,400£1.3m0%no data
8.39%
Bank Hapoalim B.M., Banking and Securities Investments
2,206,991£1.2m406.2%0.31%
8.29%
Amit Tauman
2,180,820£1.1m0%no data
5.34%
Peter O'reilly
1,405,893£738.1k0%no data
4.26%
First Clearing LLC, Asset Management Arm
1,121,000£588.5k0%0.44%
4.21%
Ron Izaki
1,108,666£582.0k0%no data
2.43%
UBS Asset Management
639,500£335.7k29.06%no data
1.87%
Bank Leumi Le-Israel BM, Asset Management Arm
492,362£258.5k-74.01%0.02%
1.81%
River and Mercantile Asset Management LLP
477,455£250.7k-4.99%0.02%
1.6%
Eri Steimatzky
420,544£220.8k0%no data
1.44%
Deutsche Bank Aktiengesellschaft, London
380,000£199.5k-10.59%no data
1.06%
HBOS Investment Fund Managers Limited
280,078£147.0k-59.35%no data
0.95%
Citigroup Inc.,Banking and Securities Investments
251,020£131.8k0%no data
0.93%
Bank Julius Bär & Co Ltd., Asset Management Arm
243,500£127.8k0%no data
0.76%
Bank J. Safra Sarasin AG
198,800£104.4k0%0.01%
0.55%
Tafnit Discount Asset Management Ltd
145,000£76.1k0%100%
0.51%
British & American Investment Trust PLC
133,681£70.2k0%0.58%
0.42%
Pictet Asset Management Limited
111,500£58.5k0%no data
0.39%
Dolmen Fund Management
101,380£53.2k133.59%0.02%
0.35%
First International Bank of Israel Ltd, Asset Management Arm
92,308£48.5k0%0.03%
0.34%
Oppenheimer Asset Management Inc.
89,560£47.0k0%no data
0.33%
Canaccord Genuity Wealth (International) Limited
85,634£45.0k0%no data
0.3%
Hyposwiss Privatbank AG, Asset Management Arm
80,000£42.0k0%0.07%

Company Information

ADVFN Plc's employee growth, exchange listings and data sources


Key Information

  • Name: ADVFN Plc
  • Ticker: AFN
  • Exchange: AIM
  • Founded: 1989
  • Industry: Financial Exchanges and Data
  • Sector: Diversified Financials
  • Implied Market Cap: UK£13.816m
  • Shares outstanding: 26.32m
  • Website: https://www.advfn.com

Number of Employees


Location

  • ADVFN Plc
  • Essex Technology Centre
  • Ongar Business Centre
  • Ongar
  • Essex
  • CM5 0GA
  • United Kingdom


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AFNAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPMar 2000
AVFC.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMar 2000

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/27 00:00
End of Day Share Price2022/09/27 00:00
Earnings2021/12/31
Annual Earnings2021/06/30


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.