AIM:AQX

Stock Analysis Report

Executive Summary

Aquis Exchange Plc operates as a multilateral trading facility in Europe.

Snowflake

Fundamentals

Flawless balance sheet with limited growth.

Risks

  • Aquis Exchange is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has Aquis Exchange's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.8%

AIM:AQX

0.05%

GB Capital Markets

0.4%

GB Market


1 Year Return

39.7%

AIM:AQX

4.9%

GB Capital Markets

-6.2%

GB Market

AQX outperformed the Capital Markets industry which returned 4.9% over the past year.

AQX outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -6.2% over the past year.


Share holder returns

AQXIndustryMarket
7 Day-0.8%0.05%0.4%
30 Day-0.8%0.01%-4.7%
90 Day-5.0%2.3%-2.3%
1 Year39.7%39.7%7.5%4.9%-1.7%-6.2%
3 Yearn/a68.1%56.0%16.8%2.9%
5 Yearn/a132.7%99.5%24.2%-2.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Aquis Exchange undervalued based on future cash flows and its price relative to the stock market?

8.98x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Aquis Exchange to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Aquis Exchange to establish if it is available at substantial discount.


Price Based on Earnings

Aquis Exchange is loss making, we can't compare its value to the GB Capital Markets industry average.

Aquis Exchange is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Aquis Exchange, we can't assess if its growth is good value.


Price Based on Value of Assets

Aquis Exchange is overvalued based on assets compared to the GB Capital Markets industry average.


Next Steps

Future Growth

How is Aquis Exchange expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

39.4%

Forecasted annual revenue growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Aquis Exchange's revenue is expected to grow significantly at over 20% yearly.

Unable to determine if Aquis Exchange is high growth as no earnings estimate data is available.

Aquis Exchange's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.

Unable to compare Aquis Exchange's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.

Unable to compare Aquis Exchange's earnings growth to the low risk savings rate as no estimate data is available.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Aquis Exchange will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Aquis Exchange performed over the past 5 years?

-0.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Aquis Exchange does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Aquis Exchange's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Aquis Exchange's 1-year growth to the GB Capital Markets industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Aquis Exchange has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Aquis Exchange has efficiently used its assets last year compared to the GB Capital Markets industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Aquis Exchange improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Aquis Exchange's financial position?


Financial Position Analysis

Aquis Exchange is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Aquis Exchange has no long term commitments.


Debt to Equity History and Analysis

Aquis Exchange has no debt.

Aquis Exchange has not taken on any debt in the past 5 years.


Balance Sheet

Low level of unsold assets.

Aquis Exchange has no debt, it does not need to be covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Aquis Exchange has sufficient cash runway for 2.6 years based on current free cash flow.

Aquis Exchange has sufficient cash runway for 2.5 years if free cash flow continues to grow at historical rates of 9.2% each year.


Next Steps

Dividend

What is Aquis Exchange's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Aquis Exchange's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Aquis Exchange's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Aquis Exchange has not reported any payouts.

Unable to verify if Aquis Exchange's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Aquis Exchange has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Aquis Exchange's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.


Next Steps

Management

What is the CEO of Aquis Exchange's salary, the management and board of directors tenure and is there insider trading?

6.4yrs

Average board tenure


CEO

Alasdair Frederick Haynes (59yo)

0.0yrs

Tenure

UK£320,993

Compensation

Mr. Alasdair Haynes founded Aquis Exchange Plc (formerly known as Aquis Exchange Limited) in 2012 and serves as its Chief Executive Officer. Mr. Haynes serves as an Executive Officer of FIX Protocol Ltd. M ...


CEO Compensation Analysis

Alasdair Frederick's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.

Alasdair Frederick's compensation has increased whilst company is loss making.


Board Age and Tenure

6.4yrs

Average Tenure

57.5yo

Average Age

The tenure for the Aquis Exchange board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Alasdair Frederick Haynes (59yo)

    Founder

    • Tenure: 0.0yrs
    • Compensation: UK£320.99k
  • Graham Dick

    Chief executive Officer of Aquis Exchange Europe

    • Tenure: 0.0yrs
  • David Attew

    Head of Regulation

    • Tenure: 0.0yrs
  • Belinda Keheyan

    Head of Marketing

    • Tenure: 0.0yrs
  • Jonathan Clelland

    COO, CFO & Director

    • Tenure: 6.8yrs
    • Compensation: UK£321.33k
  • Julian Green

    Head of Development

    • Tenure: 0.0yrs
  • Paul Roberts

    Head of Information Technology Infrastructure

    • Tenure: 0.0yrs
  • Wayne Eagle

    Head of Product Development & Post Trade

    • Tenure: 0.0yrs
  • Rob Eeles

    Head of Technical Operations

    • Tenure: 0.0yrs
  • Jon Knight

    Head of Market Supervision

    • Tenure: 0.0yrs

Board Members

  • Alasdair Frederick Haynes (59yo)

    Founder

    • Tenure: 0.0yrs
    • Compensation: UK£320.99k
  • Richard E. Bennett (67yo)

    Senior Independent Director

    • Tenure: 0.0yrs
    • Compensation: UK£40.00k
  • Glenn Collinson (56yo)

    Independent Non-Executive Director

    • Tenure: 0.6yrs
  • Niki Beattie (53yo)

    Independent Non-Executive Chairman

    • Tenure: 6.4yrs
    • Compensation: UK£50.00k
  • Jonathan Clelland

    COO, CFO & Director

    • Tenure: 6.8yrs
    • Compensation: UK£321.33k
  • Mark Spanbroek

    Non-Executive Director

    • Tenure: 6.4yrs
    • Compensation: UK£36.25k
  • Mark Goodliffe

    Independent Non-Executive Director

    • Tenure: 1.4yrs
    • Compensation: UK£32.62k

Company Information

Aquis Exchange Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Aquis Exchange Plc
  • Ticker: AQX
  • Exchange: AIM
  • Founded: 2012
  • Industry: Financial Exchanges and Data
  • Sector: Diversified Financials
  • Market Cap: UK£130.863m
  • Shares outstanding: 27.15m
  • Website: https://www.aquis.eu

Number of Employees


Location

  • Aquis Exchange Plc
  • 77 Cornhill
  • 3rd Floor
  • London
  • Greater London
  • EC3V 3QQ
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AQXAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJun 2018

Biography

Aquis Exchange Plc operates as a multilateral trading facility in Europe. It also develops and provides exchange and regulatory technology. The company offers a trading platform, a cash equities trading ve ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 22:01
End of Day Share Price2019/08/23 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.