Stock Analysis Report

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Executive Summary


Snowflake Analysis

Similar Companies

Share Price & News

How has Alliance Trust's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: ATST is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: ATST's weekly volatility (2%) has been stable over the past year.

Market Performance

7 Day Return




GB Capital Markets


GB Market

1 Year Return




GB Capital Markets


GB Market

Return vs Industry: ATST matched the UK Capital Markets industry which returned 14.4% over the past year.

Return vs Market: ATST exceeded the UK Market which returned 1.1% over the past year.

Shareholder returns

7 Day-0.7%0.5%-0.2%
30 Day2.2%5.3%3.6%
90 Day-0.8%7.8%4.2%
1 Year17.3%15.1%18.0%14.4%7.0%1.1%
3 Year29.8%22.8%53.2%35.9%10.6%-2.7%
5 Year100.1%81.6%119.4%82.7%40.5%13.4%

Long-Term Price Volatility Vs. Market

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

Simply Wall St News


Is Alliance Trust undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: ATST (£8.94) is trading below our estimate of fair value (£11.34)

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

Price To Earnings Ratio

PE vs Industry: ATST is poor value based on its PE Ratio (61.1x) compared to the GB Capital Markets industry average (21.1x).

PE vs Market: ATST is poor value based on its PE Ratio (61.1x) compared to the UK market (24.3x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: ATST is good value based on its PB Ratio (1.1x) compared to the GB Capital Markets industry average (1.6x).

Future Growth

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


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 Alliance Trust 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.

Past Performance

How has Alliance Trust performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ATST has high quality earnings.

Growing Profit Margin: ATST's current net profit margins (58.1%) are lower than last year (81.2%).

Past Earnings Growth Analysis

Earnings Trend: ATST's earnings have declined by 9.8% per year over the past 5 years.

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

Earnings vs Industry: ATST had negative earnings growth (-74.3%) over the past year, making it difficult to compare to the Capital Markets industry average (-2%).

Return on Equity

High ROE: ATST's Return on Equity (1.8%) is considered low.

Financial Health

How is Alliance Trust's financial position?

Financial Position Analysis

Short Term Liabilities: ATST's short term assets (£95.9M) exceed its short term liabilities (£18.3M).

Long Term Liabilities: ATST's short term assets (£95.9M) do not cover its long term liabilities (£195.9M).

Debt to Equity History and Analysis

Debt Level: ATST's debt to equity ratio (7.1%) is considered satisfactory.

Reducing Debt: ATST's debt to equity ratio has reduced from 15.3% to 7.1% over the past 5 years.

Debt Coverage: ATST's debt is not well covered by operating cash flow (13.8%).

Interest Coverage: ATST's interest payments on its debt are well covered by EBIT (9x coverage).

Balance Sheet


What is Alliance Trust current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ATST's dividend (1.61%) is higher than the bottom 25% of dividend payers in the UK market (1.47%).

High Dividend: ATST's dividend (1.61%) is low compared to the top 25% of dividend payers in the UK market (4.48%).

Stability and Growth of Payments

Stable Dividend: ATST's dividend payments have been volatile in the past 10 years.

Growing Dividend: ATST's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (96.9%), ATST's dividend payments are not well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


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


Average board tenure


Alliance Trust has no CEO, or we have no data on them.

Board Members

Anthony Brooke
Non-Executive Director5.75yrsUK£46.00k0.0078%
£ 224.0k
Karl Sternberg
Senior Independent Director5.17yrsUK£46.00k0.0060%
£ 170.0k
Christopher John Samuel
Non-Executive Director5.5yrsUK£50.00k0.020%
£ 558.0k
Clare Dobie
Non-Executive Director4.83yrsUK£71.00k0.0015%
£ 41.7k
Gregor Stewart
Chairman of the Board1.5yrsUK£129.00k0.0079%
£ 226.0k


Average Tenure


Average Age

Experienced Board: ATST's board of directors are considered experienced (5.2 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: ATST 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

Alliance Trust PLC's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Alliance Trust PLC
  • Ticker: ATST
  • Exchange: LSE
  • Founded: 1888
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£2.857b
  • Shares outstanding: 318.85m
  • Website:

Number of Employees


  • Alliance Trust PLC
  • Mid City Place
  • 71 High Holborn
  • London
  • Greater London
  • WC1V 6TP
  • United Kingdom


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ATSTLSE (London Stock Exchange)YesOrdinary SharesGBGBPJan 1992
ALIT.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
ATSTLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJan 1992

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 19:05
End of Day Share Price2021/03/03 00:00
Annual Earnings2019/12/31

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.