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ALLF

Allfunds Group ENXTAM:ALLFG Stock Report

Last Price

€7.54

Market Cap

€4.7b

7D

11.5%

1Y

-46.7%

Updated

25 Jun, 2022

Data

Company Financials +
ALLFG fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends0/6

ALLFG Stock Overview

Allfunds Group plc provides B2B WealthTech platforms connecting fund houses and distributors in the United Kingdom and internationally.

Rewards

Trading at 28% below our estimate of its fair value

Earnings are forecast to grow 21.24% per year

Became profitable this year

Risk Analysis

Volatile share price over the past 3 months

Large one-off items impacting financial results


Allfunds Group Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Allfunds Group
Historical stock prices
Current Share Price€7.54
52 Week High€18.44
52 Week Low€6.58
Beta0
1 Month Change-6.16%
3 Month Change-27.00%
1 Year Change-46.67%
3 Year Changen/a
5 Year Changen/a
Change since IPO-45.59%

Recent News & Updates

Shareholder Returns

ALLFGNL Capital MarketsNL Market
7D11.5%4.9%4.3%
1Y-46.7%-38.7%-21.3%

Return vs Industry: ALLFG underperformed the Dutch Capital Markets industry which returned -38.7% over the past year.

Return vs Market: ALLFG underperformed the Dutch Market which returned -21.3% over the past year.

Price Volatility

Is ALLFG's price volatile compared to industry and market?
ALLFG volatility
ALLFG Average Weekly Movement7.5%
Capital Markets Industry Average Movement4.0%
Market Average Movement5.1%
10% most volatile stocks in NL Market7.9%
10% least volatile stocks in NL Market3.0%

Stable Share Price: ALLFG is more volatile than 75% of Dutch stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: ALLFG's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of Dutch stocks.

About the Company

FoundedEmployeesCEOWebsite
2000765Juan Alcaraz Lopezhttps://allfunds.com/en

Allfunds Group plc provides B2B WealthTech platforms connecting fund houses and distributors in the United Kingdom and internationally. It operates an open-architecture platform that provides a marketplace and digital solutions matching fragmented demand for asset management products from distributors with fragmented supply of products from fund houses. Its ecosystem covers fund distribution value chain and investment cycle, including via Allfunds Connect, a suite of SaaS-enabled digital, data, and analytics tools.

Allfunds Group Fundamentals Summary

How do Allfunds Group's earnings and revenue compare to its market cap?
ALLFG fundamental statistics
Market Cap€4.74b
Earnings (TTM)€107.74m
Revenue (TTM)€2.67b

44.0x

P/E Ratio

1.8x

P/S Ratio

Is ALLFG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALLFG income statement (TTM)
Revenue€2.67b
Cost of Revenue€2.16b
Gross Profit€505.69m
Other Expenses€397.95m
Earnings€107.74m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.17
Gross Margin18.95%
Net Profit Margin4.04%
Debt/Equity Ratio0%

How did ALLFG perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

29%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is ALLFG 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 ALLFG?

Other financial metrics that can be useful for relative valuation.

ALLFG 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/Revenue1x
Enterprise Value/EBITDA8.5x
PEG Ratio2.1x

Price to Earnings Ratio vs Peers

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

ALLFG PE Ratio vs Peers
The above table shows the PE ratio for ALLFG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.1x

Price-To-Earnings vs Peers: ALLFG is expensive based on its Price-To-Earnings Ratio (44x) compared to the peer average (6.1x).

Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: ALLFG is expensive based on its Price-To-Earnings Ratio (44x) compared to the European Capital Markets industry average (10.7x)

Price to Earnings Ratio vs Fair Ratio

What is ALLFG'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.

ALLFG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio44x
Fair PE Ratio21.9x

Price-To-Earnings vs Fair Ratio: ALLFG is expensive based on its Price-To-Earnings Ratio (44x) compared to the estimated Fair Price-To-Earnings Ratio (21.9x).

Share Price vs Fair Value

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

Below Fair Value: ALLFG (€7.54) is trading below our estimate of fair value (€10.47)

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

Price to Earnings Growth Ratio

PEG Ratio: ALLFG is poor value based on its PEG Ratio (2.1x)

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Future Growth

How is Allfunds Group forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

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

21.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALLFG's forecast earnings growth (21.2% per year) is above the savings rate (0.09%).

Earnings vs Market: ALLFG's earnings (21.2% per year) are forecast to grow faster than the Dutch market (-0.9% per year).

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

Revenue vs Market: ALLFG's revenue is expected to decline over the next 3 years (-43.3% per year).

High Growth Revenue: ALLFG's revenue is forecast to decline over the next 3 years (-43.3% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ALLFG's Return on Equity is forecast to be low in 3 years time (13%).

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Past Performance

How has Allfunds Group performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE

77.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ALLFG has a large one-off loss of €120.6M impacting its December 31 2021 financial results.

Growing Profit Margin: ALLFG became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: ALLFG has become profitable over the past 5 years, growing earnings by 77.6% per year.

Accelerating Growth: ALLFG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ALLFG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (41.4%).

Return on Equity

High ROE: ALLFG's Return on Equity (4.6%) is considered low.

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Financial Health

How is Allfunds Group'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: ALLFG's short term assets (€3.2B) exceed its short term liabilities (€3.0B).

Long Term Liabilities: ALLFG's short term assets (€3.2B) exceed its long term liabilities (€237.8M).

Debt to Equity History and Analysis

Debt Level: ALLFG is debt free.

Reducing Debt: ALLFG had no debt 5 years ago.

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

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

Balance Sheet

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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

0.66%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ALLFG's dividend (0.66%) isn’t notable compared to the bottom 25% of dividend payers in the Dutch market (2.27%).

High Dividend: ALLFG's dividend (0.66%) is low compared to the top 25% of dividend payers in the Dutch market (6.38%).

Stability and Growth of Payments

Stable Dividend: ALLFG is not paying a notable dividend for the Dutch market, therefore no need to check if payments are stable.

Growing Dividend: ALLFG is not paying a notable dividend for the Dutch market, therefore no need to check if payments are increasing.

Earnings Payout to Shareholders

Earnings Coverage: ALLFG is not paying a notable dividend for the Dutch market.

Cash Payout to Shareholders

Cash Flow Coverage: ALLFG is not paying a notable dividend for the Dutch market.

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Management

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

4.4yrs

Average management tenure

CEO

Juan Alcaraz Lopez (52 yo)

1.25yrs

Tenure

Mr. Juan Alcaraz Lopez is CEO & Executive Director at Allfunds Group plc since March 29, 2021. He is Founder of Allfunds. He is Founder and serves its Chief Executive Officer of Allfunds Bank, S.A.U. (form...

Leadership Team

Experienced Management: ALLFG's management team is considered experienced (4.4 years average tenure).

Board Members

Experienced Board: ALLFG's board of directors are not considered experienced ( 2 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

Allfunds Group plc's employee growth, exchange listings and data sources

Key Information

  • Name: Allfunds Group plc
  • Ticker: ALLFG
  • Exchange: ENXTAM
  • Founded: 2000
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: €4.743b
  • Shares outstanding: 629.43m
  • Website: https://allfunds.com/en

Number of Employees

Location

  • Allfunds Group plc
  • 2 Fitzroy Place
  • 8 Mortimer Street
  • London
  • Greater London
  • W1T 3JJ
  • United Kingdom

Listings

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/25 00:00
End of Day Share Price2022/06/24 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.