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AGFX

Argentex Group AIM:AGFX Stock Report

Last Price

UK£0.77

Market Cap

UK£86.7m

7D

1.2%

1Y

-38.1%

Updated

28 Jun, 2022

Data

Company Financials +
AGFX fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance3/6
Financial Health5/6
Dividends3/6

AGFX Stock Overview

Argentex Group PLC provides foreign exchange services for businesses worldwide.

Argentex Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Argentex Group
Historical stock prices
Current Share PriceUK£0.77
52 Week HighUK£1.26
52 Week LowUK£0.67
Beta1.61
1 Month Change3.79%
3 Month Change11.66%
1 Year Change-38.10%
3 Year Change-44.49%
5 Year Changen/a
Change since IPO-42.39%

Recent News & Updates

Shareholder Returns

AGFXGB Capital MarketsGB Market
7D1.2%4.4%2.2%
1Y-38.1%-15.9%-6.8%

Return vs Industry: AGFX underperformed the UK Capital Markets industry which returned -15.9% over the past year.

Return vs Market: AGFX underperformed the UK Market which returned -7.3% over the past year.

Price Volatility

Is AGFX's price volatile compared to industry and market?
AGFX volatility
AGFX Average Weekly Movement6.0%
Capital Markets Industry Average Movement4.2%
Market Average Movement5.5%
10% most volatile stocks in GB Market10.7%
10% least volatile stocks in GB Market2.8%

Stable Share Price: AGFX is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: AGFX's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201169Harry Adamshttps://www.argentex.com

Argentex Group PLC provides foreign exchange services for businesses worldwide. Its product offering includes spot, forward, and options FX capabilities provided primarily through voice broking channels. The company serves corporate, institutional, and private clients.

Argentex Group Fundamentals Summary

How do Argentex Group's earnings and revenue compare to its market cap?
AGFX fundamental statistics
Market CapUK£86.72m
Earnings (TTM)UK£6.50m
Revenue (TTM)UK£32.00m

13.3x

P/E Ratio

2.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AGFX income statement (TTM)
RevenueUK£32.00m
Cost of RevenueUK£500.00k
Gross ProfitUK£31.50m
Other ExpensesUK£25.00m
EarningsUK£6.50m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Jul 06, 2022

Earnings per share (EPS)0.057
Gross Margin98.44%
Net Profit Margin20.31%
Debt/Equity Ratio10.7%

How did AGFX perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

48%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is AGFX 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

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

AGFX 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/Revenue1.7x
Enterprise Value/EBITDA5.4x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

AGFX PE Ratio vs Peers
The above table shows the PE ratio for AGFX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.4x
JIM Jarvis Securities
16.6xn/aUK£102.9m
PEEL Peel Hunt
12.8x21.1%UK£140.0m
FCAP finnCap Group
3.6xn/aUK£31.9m
CNKS Cenkos Securities
8.7xn/aUK£29.5m
AGFX Argentex Group
13.3xn/aUK£86.7m

Price-To-Earnings vs Peers: AGFX is expensive based on its Price-To-Earnings Ratio (13.3x) compared to the peer average (10.4x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: AGFX is expensive based on its Price-To-Earnings Ratio (13.3x) compared to the UK Capital Markets industry average (9.8x)


Price to Earnings Ratio vs Fair Ratio

What is AGFX'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.

AGFX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.3x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: AGFX (£0.77) is trading below our estimate of fair value (£1.32)

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


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AGFX's PEG Ratio to determine if it is good value.


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Future Growth

How is Argentex Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


21.1%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if AGFX's forecast earnings growth is above the savings rate (0.9%).

Earnings vs Market: Insufficient data to determine if AGFX's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if AGFX's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AGFX's revenue (21.1% per year) is forecast to grow faster than the UK market (4.1% per year).

High Growth Revenue: AGFX's revenue (21.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AGFX's Return on Equity is forecast to be high in 3 years time (29.9%)


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Past Performance

How has Argentex Group performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


6.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AGFX has high quality earnings.

Growing Profit Margin: AGFX's current net profit margins (20.3%) are lower than last year (28.2%).


Past Earnings Growth Analysis

Earnings Trend: AGFX's earnings have grown by 6.7% per year over the past 5 years.

Accelerating Growth: AGFX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AGFX had negative earnings growth (-14.6%) over the past year, making it difficult to compare to the Capital Markets industry average (47.5%).


Return on Equity

High ROE: AGFX's Return on Equity (21.7%) is considered high.


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Financial Health

How is Argentex Group'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: AGFX's short term assets (£65.5M) exceed its short term liabilities (£42.1M).

Long Term Liabilities: AGFX's short term assets (£65.5M) exceed its long term liabilities (£6.4M).


Debt to Equity History and Analysis

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

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

Debt Coverage: AGFX's debt is well covered by operating cash flow (303.1%).

Interest Coverage: AGFX's interest payments on its debt are well covered by EBIT (23.8x coverage).


Balance Sheet


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Dividend

What is Argentex Group 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

  • Future Dividend Coverage


1.96%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: AGFX's dividend (1.96%) is higher than the bottom 25% of dividend payers in the UK market (1.87%).

High Dividend: AGFX's dividend (1.96%) is low compared to the top 25% of dividend payers in the UK market (5.16%).


Stability and Growth of Payments

Stable Dividend: AGFX has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: AGFX has only been paying a dividend for 2 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (47.9%), AGFX's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (21.5%), AGFX'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?

3.0yrs

Average board tenure


CEO

Harry Adams (40 yo)

1

Tenure

UK£337,000

Compensation

Mr. Harry Alexander Adams serves as Chief Executive Officer at Argentex Group Plc since June 11, 2021. Mr. Adams served as Co-Chief Executive Officer until June 11, 2021 and is Co-Founder of Argentex Group...


CEO Compensation Analysis

Compensation vs Market: Harry's total compensation ($USD410.75K) is about average for companies of similar size in the UK market ($USD335.69K).

Compensation vs Earnings: Harry's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: AGFX's board of directors are considered experienced (3 years average tenure).


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

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


Top Shareholders

Company Information

Argentex Group Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Argentex Group Plc
  • Ticker: AGFX
  • Exchange: AIM
  • Founded: 2011
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Implied Market Cap: UK£86.717m
  • Shares outstanding: 113.21m
  • Website: https://www.argentex.com

Number of Employees


Location

  • Argentex Group Plc
  • 25 Argyll Street
  • London
  • Greater London
  • W1F 7TU
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.