AIM:AGFX

Stock Analysis Report

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Executive Summary

Argentex Group PLC provides foreign exchange services for businesses worldwide. More Details


Snowflake Analysis

Exceptional growth potential with solid track record.

Share Price & News

How has Argentex Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AGFX is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: AGFX's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of UK stocks.


Market Performance


7 Day Return

9.2%

AGFX

-1.5%

GB Capital Markets

-0.3%

GB Market


1 Year Return

-22.8%

AGFX

-1.3%

GB Capital Markets

-11.0%

GB Market

Return vs Industry: AGFX underperformed the UK Capital Markets industry which returned -1% over the past year.

Return vs Market: AGFX underperformed the UK Market which returned -10% over the past year.


Shareholder returns

AGFXIndustryMarket
7 Day9.2%-1.5%-0.3%
30 Day22.5%4.4%10.2%
90 Day-20.5%0.2%6.4%
1 Year-21.8%-22.8%2.0%-1.3%-7.4%-11.0%
3 Yearn/a23.7%9.0%0.9%-11.5%
5 Yearn/a64.9%35.2%26.5%-2.5%

Long-Term Price Volatility Vs. Market

How volatile is Argentex Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Argentex Group undervalued compared to its fair value and its price relative to the market?

19.46x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AGFX (£1.31) is trading above our estimate of fair value (£1.06)

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


Price To Earnings Ratio

PE vs Industry: AGFX is poor value based on its PE Ratio (19.5x) compared to the GB Capital Markets industry average (18.9x).

PE vs Market: AGFX is good value based on its PE Ratio (19.5x) compared to the UK market (20.4x).


Price to Earnings Growth Ratio

PEG Ratio: AGFX is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: AGFX is overvalued based on its PB Ratio (5.8x) compared to the GB Capital Markets industry average (1.3x).


Next Steps

Future Growth

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

37.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AGFX's forecast earnings growth (37.3% per year) is above the savings rate (1.2%).

Earnings vs Market: AGFX's earnings (37.3% per year) are forecast to grow faster than the UK market (27.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AGFX's revenue (29% per year) is forecast to grow faster than the UK market (6.7% per year).

High Growth Revenue: AGFX's revenue (29% 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 very high in 3 years time (53.6%).


Next Steps

Past Performance

How has Argentex Group performed over the past 5 years?

12.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AGFX has a large one-off gain of £2.2M impacting its September 30 2020 financial results.

Growing Profit Margin: AGFX's current net profit margins (28.2%) are higher than last year (20.1%).


Past Earnings Growth Analysis

Earnings Trend: AGFX's earnings have grown by 12.6% per year over the past 5 years.

Accelerating Growth: AGFX's earnings growth over the past year (47.9%) exceeds its 5-year average (12.6% per year).

Earnings vs Industry: AGFX earnings growth over the past year (47.9%) exceeded the Capital Markets industry 1.8%.


Return on Equity

High ROE: AGFX's Return on Equity (29.8%) is considered high.


Next Steps

Financial Health

How is Argentex Group's financial position?


Financial Position Analysis

Short Term Liabilities: AGFX's short term assets (£53.4M) exceed its short term liabilities (£34.6M).

Long Term Liabilities: AGFX's short term assets (£53.4M) exceed its long term liabilities (£6.8M).


Debt to Equity History and Analysis

Debt Level: AGFX's debt to equity ratio (18.4%) is considered satisfactory.

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 (264.7%).

Interest Coverage: AGFX's interest payments on its debt are well covered by EBIT (105.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Argentex Group current dividend yield, its reliability and sustainability?

1.53%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AGFX's dividend (1.53%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.72%).

High Dividend: AGFX's dividend (1.53%) is low compared to the top 25% of dividend payers in the UK market (4.94%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29.8%), AGFX's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AGFX's dividends in 3 years are forecast to be well covered by earnings (30% payout ratio).


Next Steps

Management

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

1.4yrs

Average board tenure


CEO

Carl Jani (38 yo)

no data

Tenure

Mr. Carl Jani serves as Co-Chief Executive Officer and Co-Founder of Argentex Group Plc and has been it's Director since June 7, 2019. He serves as Member of Executive Committee at Argentex LLP. He served ...


Board Members

NamePositionTenureCompensationOwnership
Carl Jani
Co-Founderno datano data12.15%
£ 17.9m
Harry Adams
Co-Founder1.42yrsno data12.15%
£ 17.9m
Sam Williams
COO, CFO & Director1.42yrsno data0.13%
£ 193.7k
Digby Jones
Non Executive Chairmanno datano data0.35%
£ 518.0k
Nigel Railton
Independent Non-Executive Director1.42yrsno data0.042%
£ 61.6k
Lena Wilson
Senior Independent Director1.83yrsno datano data
Jonathan James Olav Gray
Independent Non-Executive Director1.42yrsno data0.044%
£ 65.3k
Kit Smith
Directorno datano data1.31%
£ 1.9m
Henry Beckwith
Non-Executive Director1.42yrsno data6.56%
£ 9.7m
Daniel Merrick
Directorno datano data0.45%
£ 664.1k
Joseph Duffelen
Directorno datano data0.45%
£ 667.8k

1.4yrs

Average Tenure

47.5yo

Average Age

Experienced Board: AGFX's board of directors are not considered experienced ( 1.4 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Argentex Group Plc's company bio, 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
  • Market Cap: UK£147.736m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AGFXAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJun 2019

Biography

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. T...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 20:26
End of Day Share Price2020/11/26 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.