Flow Traders Management
Management criteria checks 3/4
We currently do not have sufficient information about the CEO.
Key information
Thomas Spitz
Chief executive officer
€1.1m
Total compensation
| CEO salary percentage | 9.43% |
| CEO tenure | less than a year |
| CEO ownership | n/a |
| Management average tenure | 2.5yrs |
| Board average tenure | 3.2yrs |
Recent management updates
Recent updates
Narrative Update • Jun 05
FLOW: Future Returns Will Rely On Rebuilding Capital And Market Share
Analysts have trimmed their price target on Flow Traders to about €29.78 from about €30.07, citing weaker confidence around the company's capital build and market share trends, despite modestly firmer profit margin and P/E assumptions. Analyst Commentary Recent commentary on Flow Traders points to growing caution around how the company is handling capital and defending its position in the market, with these concerns feeding directly into lower price targets and more conservative ratings.Narrative Update • Apr 26
FLOW: Stable Fair Value With Higher Margins And Expanding Digital Assets Platform
Analysts have adjusted their view on Flow Traders, with the price target now set at €30.07. This reflects updated assumptions that pair weaker revenue growth expectations of a 14.84% decline with a higher projected profit margin of 37.23% and a modestly different forward P/E of 9.66.Narrative Update • Apr 07
FLOW: Stable Fair Value And Growing Digital Asset Platform Will Shape Returns
Narrative Update on Flow Traders Analysts have nudged their fair value estimate for Flow Traders to approximately €30.07 from about €29.79, reflecting small model adjustments to long term profit margins and expected future P/E multiples. Analyst Commentary Bullish and cautious views on Flow Traders currently sit close together, with the latest fair value tweak to about €30.07 reflecting relatively small shifts rather than a major change in conviction.Narrative Update • Mar 24
FLOW: Higher Fair Value And Digital Assets Platform Will Shape Future Returns
Analysts have nudged their fair value estimate for Flow Traders up from €28.55 to €29.79, reflecting updated assumptions on the discount rate, revenue trajectory and a lower future P/E multiple. Analyst Commentary Recent fair value work on Flow Traders highlights a mix of supportive and cautious views, with analysts adjusting assumptions around discount rate, revenue outlook and future P/E to refine their estimates.Analysis Article • Aug 06
The Market Doesn't Like What It Sees From Flow Traders Ltd.'s (AMS:FLOW) Earnings Yet
With a price-to-earnings (or "P/E") ratio of 5.9x Flow Traders Ltd. ( AMS:FLOW ) may be sending very bullish signals at...
New Narrative • Mar 11
Digital Asset Reversals And Higher Expenses Will Erode Future Profits
Volatility in digital asset investments and strategic partnerships may negatively affect future earnings and profitability if gains turn into unrealized losses.Analysis Article • Feb 14
Flow Traders Ltd.'s (AMS:FLOW) Price In Tune With Earnings
With a median price-to-earnings (or "P/E") ratio of close to 17x in the Netherlands, you could be forgiven for feeling...Analysis Article • Nov 12
Flow Traders Ltd.'s (AMS:FLOW) Subdued P/E Might Signal An Opportunity
With a price-to-earnings (or "P/E") ratio of 13x Flow Traders Ltd. ( AMS:FLOW ) may be sending bullish signals at the...Analysis Article • Jul 29
Market Still Lacking Some Conviction On Flow Traders Ltd. (AMS:FLOW)
With a price-to-earnings (or "P/E") ratio of 12.1x Flow Traders Ltd. ( AMS:FLOW ) may be sending bullish signals at the...Analysis Article • Feb 22
Investors Appear Satisfied With Flow Traders Ltd.'s (AMS:FLOW) Prospects
With a price-to-earnings (or "P/E") ratio of 20x Flow Traders Ltd. ( AMS:FLOW ) may be sending bearish signals at the...Analysis Article • Apr 05
Flow Traders' (AMS:FLOW) Dividend Will Be Increased To €0.80
Flow Traders Ltd. ( AMS:FLOW ) will increase its dividend from last year's comparable payment on the 4th of May to...Analysis Article • Apr 23
Flow Traders (AMS:FLOW) Has Announced That Its Dividend Will Be Reduced To €0.35
Flow Traders N.V. ( AMS:FLOW ) is reducing its dividend to €0.35 on the 6th of May. The dividend yield of 4.3% is still...Analysis Article • Feb 13
Flow Traders' (AMS:FLOW) Dividend Will Be Reduced To €0.35
Flow Traders N.V. ( AMS:FLOW ) is reducing its dividend to €0.35 on the 6th of May. However, the dividend yield of 4.5...Analysis Article • Feb 22
Need To Know: Flow Traders N.V. (AMS:FLOW) Insiders Have Been Buying Shares
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...Analysis Article • Jan 25
Here's Why I Think Flow Traders (AMS:FLOW) Might Deserve Your Attention Today
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...Analysis Article • Dec 28
What You Need To Know About Flow Traders N.V.'s (AMS:FLOW) Investor Composition
Every investor in Flow Traders N.V. ( AMS:FLOW ) should be aware of the most powerful shareholder groups. Generally...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | €148m |
| Dec 31 2025 | €1m | €99k | €134m |
Compensation vs Market: Thomas's total compensation ($USD1.21M) is below average for companies of similar size in the Dutch market ($USD1.74M).
Compensation vs Earnings: Insufficient data to compare Thomas's compensation with company performance.
CEO
Thomas Spitz (51 yo)
less than a year
Tenure
€1,050,000
Compensation
Mr. Thomas Spitz is CEO & Executive director of Flow Traders Ltd. from September 1, 2025. He was CEO of QuantCube Middle East, a technology firm specializing in alternative data and analytics.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive director | less than a year | €1.05m | no data | |
| Chief Financial and Risk Officer & Executive Director | 2.9yrs | €1.40m | no data | |
| CTO & Executive Director | 2.1yrs | €1.45m | no data | |
| Co-Chief Trading Officer & Executive Director | 8.4yrs | €2.00m | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Global Head of Risk & Compliance | 1.4yrs | no data | no data | |
| Global Head of Risk | no data | no data | no data | |
| Chief Operating Officer of APAC | no data | no data | no data | |
| Co-Chief Trading Officer | 4.4yrs | no data | no data | |
| Head of Digital Asset Trading | no data | no data | no data | |
| Chief Executive Officer of Americas | 2.9yrs | no data | no data | |
| Chief Commercial Officer for APAC | less than a year | no data | no data |
2.5yrs
Average Tenure
48.5yo
Average Age
Experienced Management: FLOW's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive director | less than a year | €1.05m | no data | |
| Chief Financial and Risk Officer & Executive Director | 2.9yrs | €1.40m | no data | |
| CTO & Executive Director | 2yrs | €1.45m | no data | |
| Co-Chief Trading Officer & Executive Director | less than a year | €2.00m | no data | |
| Independent Non-Executive Director | 3.2yrs | €104.25k | no data | |
| Independent Non-Executive Chairman | 3.4yrs | €146.50k | no data | |
| Independent Non-Executive Director | 3.2yrs | €121.13k | no data | |
| Independent Non-Executive Director | 3.2yrs | €98.50k | no data | |
| Vice Chairman of the Board | 3.4yrs | €115.50k | no data | |
| Independent Non-Executive Director | 3.4yrs | €112.63k | no data | |
| Independent Non-Executive Director | less than a year | €17.75k | no data |
3.2yrs
Average Tenure
58yo
Average Age
Experienced Board: FLOW's board of directors are considered experienced (3.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/11 20:19 |
| End of Day Share Price | 2026/06/11 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Flow Traders Ltd. is covered by 10 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Arnaud Maurice Giblat | BNP Paribas |
| Reginald Watson | ING Groep NV |
| Martin Price | Jefferies LLC |