company background image
ATRU

Alpha Trust Mutual Fund and Alternative Investment Fund Management ATSE:ATRUST Stock Report

Last Price

€4.96

Market Cap

€15.0m

7D

2.1%

1Y

1.2%

Updated

09 Aug, 2022

Data

Company Financials
ATRUST fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends3/6

ATRUST Stock Overview

Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A.

Alpha Trust Mutual Fund and Alternative Investment Fund Management Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Alpha Trust Mutual Fund and Alternative Investment Fund Management
Historical stock prices
Current Share Price€4.96
52 Week High€5.90
52 Week Low€4.48
Beta0.013
1 Month Change3.33%
3 Month Change-0.80%
1 Year Change1.22%
3 Year Change17.40%
5 Year Change41.71%
Change since IPO-65.79%

Recent News & Updates

Mar 03
Should You Or Shouldn't You: A Dividend Analysis on Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A. (ATH:ATRUST)

Should You Or Shouldn't You: A Dividend Analysis on Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A. (ATH:ATRUST)

Today we'll take a closer look at Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A. ( ATH:ATRUST...

Shareholder Returns

ATRUSTGR Capital MarketsGR Market
7D2.1%-1.3%-1.2%
1Y1.2%-19.6%-1.1%

Return vs Industry: ATRUST exceeded the Greek Capital Markets industry which returned -18.2% over the past year.

Return vs Market: ATRUST exceeded the Greek Market which returned -0.5% over the past year.

Price Volatility

Is ATRUST's price volatile compared to industry and market?
ATRUST volatility
ATRUST Average Weekly Movement2.4%
Capital Markets Industry Average Movement3.1%
Market Average Movement4.8%
10% most volatile stocks in GR Market7.2%
10% least volatile stocks in GR Market2.9%

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

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

About the Company

FoundedEmployeesCEOWebsite
198749Chris Aesoposhttps://www.alphatrust.gr

Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A. is a publicly owned investment manager. The firm primarily provides its services to private and institutional investors. It also manages accounts for corporate, ultra high net worth individuals, insurance companies, and pension funds.

Alpha Trust Mutual Fund and Alternative Investment Fund Management Fundamentals Summary

How do Alpha Trust Mutual Fund and Alternative Investment Fund Management's earnings and revenue compare to its market cap?
ATRUST fundamental statistics
Market Cap€14.99m
Earnings (TTM)€3.13m
Revenue (TTM)€9.75m

4.8x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ATRUST income statement (TTM)
Revenue€9.75m
Cost of Revenue€2.69m
Gross Profit€7.06m
Other Expenses€3.93m
Earnings€3.13m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.03
Gross Margin72.39%
Net Profit Margin32.07%
Debt/Equity Ratio0%

How did ATRUST perform over the long term?

See historical performance and comparison

Dividends

10.0%

Current Dividend Yield

48%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 ATRUST?

Other financial metrics that can be useful for relative valuation.

ATRUST 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/Revenue1.6x
Enterprise Value/EBITDA3.7x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

ATRUST PE Ratio vs Peers
The above table shows the PE ratio for ATRUST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.2x
CNLCAP Cnl Capital E.K.E.S. - AIFM
17.6xn/a€6.0m
EX Euroxx Securities
9.2xn/a€10.9m
539875 RSD Finance
7.6xn/a₹1.2b
533252 Welspun Investments and Commercials
42.4xn/a₹1.1b
ATRUST Alpha Trust Mutual Fund and Alternative Investment Fund Management
4.8xn/a€15.0m

Price-To-Earnings vs Peers: ATRUST is good value based on its Price-To-Earnings Ratio (4.8x) compared to the peer average (19.2x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: ATRUST is good value based on its Price-To-Earnings Ratio (4.8x) compared to the European Capital Markets industry average (10.9x)


Price to Earnings Ratio vs Fair Ratio

What is ATRUST'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.

ATRUST PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.8x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: ATRUST (€4.96) is trading below our estimate of fair value (€5.56)

Significantly Below Fair Value: ATRUST is trading below fair value, but not by a significant amount.


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.


Discover undervalued companies

Future Growth

How is Alpha Trust Mutual Fund and Alternative Investment Fund Management 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


13.0%

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 Alpha Trust Mutual Fund and Alternative Investment Fund Management 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

  • Examine whether Alpha Trust Mutual Fund and Alternative Investment Fund Management is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Alpha Trust Mutual Fund and Alternative Investment Fund Management competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Alpha Trust Mutual Fund and Alternative Investment Fund Management 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


19.3%

Historical annual earnings growth

Earnings and Revenue History

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

Growing Profit Margin: ATRUST's current net profit margins (32.1%) are higher than last year (15.4%).


Past Earnings Growth Analysis

Earnings Trend: ATRUST's earnings have grown by 19.3% per year over the past 5 years.

Accelerating Growth: ATRUST's earnings growth over the past year (211.9%) exceeds its 5-year average (19.3% per year).

Earnings vs Industry: ATRUST earnings growth over the past year (211.9%) exceeded the Capital Markets industry 22.8%.


Return on Equity

High ROE: ATRUST's Return on Equity (46.3%) is considered outstanding.


Discover strong past performing companies

Financial Health

How is Alpha Trust Mutual Fund and Alternative Investment Fund Management's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ATRUST's short term assets (€6.6M) exceed its short term liabilities (€3.9M).

Long Term Liabilities: ATRUST's short term assets (€6.6M) exceed its long term liabilities (€2.3M).


Debt to Equity History and Analysis

Debt Level: ATRUST is debt free.

Reducing Debt: ATRUST had no debt 5 years ago.

Debt Coverage: ATRUST has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ATRUST has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies

Dividend

What is Alpha Trust Mutual Fund and Alternative Investment Fund Management 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


10.05%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ATRUST's dividend (10.05%) is higher than the bottom 25% of dividend payers in the Greek market (2.1%).

High Dividend: ATRUST's dividend (10.05%) is in the top 25% of dividend payers in the Greek market (5.12%)


Stability and Growth of Payments

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

Growing Dividend: ATRUST has only been paying a dividend for 8 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (48%), ATRUST's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (159.3%), ATRUST's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

4.6yrs

Average management tenure


CEO

Chris Aesopos (53 yo)

no data

Tenure

Mr. Christodoulos Aesopos, also known as Chris, serves as the Chief Executive Officer and Executive Director of Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A. and served as its Dir...


Leadership Team

Experienced Management: ATRUST's management team is considered experienced (4.6 years average tenure).


Board Members

Experienced Board: ATRUST's board of directors are not considered experienced ( 1.6 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

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


Top Shareholders

Company Information

Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A.
  • Ticker: ATRUST
  • Exchange: ATSE
  • Founded: 1987
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: €14.992m
  • Shares outstanding: 3.02m
  • Website: https://www.alphatrust.gr

Number of Employees


Location

  • Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A.
  • 21 Tatoiou street
  • Kifissia
  • 145 61
  • Greece

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/09 00:00
End of Day Share Price2022/08/09 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.