NasdaqCM:ALGR

Stock Analysis Report

Executive Summary

Allegro Merger Corp. does not have significant operations.


Snowflake Analysis

Questionable track record with weak fundamentals.

Share Price & News

How has Allegro Merger's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ALGR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.2%

ALGR

-1.2%

US Capital Markets

-1.1%

US Market


1 Year Return

5.3%

ALGR

-16.0%

US Capital Markets

-13.6%

US Market

Return vs Industry: ALGR exceeded the US Capital Markets industry which returned -12.5% over the past year.

Return vs Market: ALGR exceeded the US Market which returned -10.7% over the past year.


Shareholder returns

ALGRIndustryMarket
7 Day2.2%-1.2%-1.1%
30 Day1.9%-20.4%-17.8%
90 Day2.0%-25.8%-22.5%
1 Year5.3%5.3%-14.3%-16.0%-11.9%-13.6%
3 Yearn/a5.3%-0.9%12.1%4.9%
5 Yearn/a29.2%17.0%30.5%16.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Allegro Merger undervalued compared to its fair value and its price relative to the market?

103.4x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ALGR ($11.07) is trading above our estimate of fair value ($1.84)

Significantly Below Fair Value: ALGR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ALGR is poor value based on its PE Ratio (109.5x) compared to the Capital Markets industry average (32.9x).

PE vs Market: ALGR is poor value based on its PE Ratio (109.5x) compared to the US market (13.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ALGR is overvalued based on its PB Ratio (42.2x) compared to the US Capital Markets industry average (7.9x).


Next Steps

Future Growth

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

5.8%

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 Allegro Merger 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.


Next Steps

Past Performance

How has Allegro Merger performed over the past 5 years?

103.2%

Last years earnings growth


Earnings and Revenue History

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

Growing Profit Margin: Insufficient data to determine if ALGR's profit margins have improved over the past year.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if ALGR's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare ALGR's past year earnings growth to its 5-year average.

Earnings vs Industry: ALGR earnings growth over the past year (103.2%) exceeded the Capital Markets industry 9.7%.


Return on Equity

High ROE: ALGR's Return on Equity (38.5%) is considered high.


Next Steps

Financial Health

How is Allegro Merger's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: ALGR has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if ALGR's debt is covered by short term assets.


Financial Institutions Analysis

Asset Level: ALGR's level of assets compared to its equity is very high.

Allowance for Bad Loans: Insufficient data to determine if ALGR has a sufficient allowance for bad loans.

Low Risk Liabilities: ALGR reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if ALGR has an acceptable proportion of non-loan assets held.

Low Risk Deposits: ALGR has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if ALGR has an appropriate level of bad loans.


Next Steps

Dividend

What is Allegro Merger's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ALGR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate ALGR's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ALGR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ALGR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ALGR's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

2.7yrs

Average management tenure


CEO

Eric Rosenfeld (62yo)

2.67s

Tenure

Mr. Eric S. Rosenfeld has been Chief Executive Officer of Allegro Merger Corp. since August 7, 2017. Mr. Rosenfeld has been President and Chief Executive Officer of Crescendo Partners, L.P., since its form ...


Leadership Team

NamePositionTenureCompensationOwnership
David Sgro
Chairman of the Board & COO2yrsno data4.06% $6.5m
Eric Rosenfeld
Chief Executive Officer2.67yrsno data14.97% $23.9m
Adam Jaffe
Chief Financial Officer2yrsno data0.066% $105.0k

2.7yrs

Average Tenure

43yo

Average Age

Experienced Management: ALGR's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Sgro
Chairman of the Board & COO2yrsno data4.06% $6.5m
Adam Semler
Independent Director2yrsno data0.20% $313.6k
Leonard B. Schlemm
Independent Director2yrsno data1.96% $3.1m
John Schauerman
Independent Director2yrsno data0.20% $313.6k
Robert Deluce
Independent Director2yrsno data0.29% $470.5k

2.0yrs

Average Tenure

55yo

Average Age

Experienced Board: ALGR'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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Allegro Merger Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Allegro Merger Corp.
  • Ticker: ALGR
  • Exchange: NasdaqCM
  • Founded: 2017
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$159.722m
  • Shares outstanding: 15.28m
  • Website: https://allegromergercorp.com/

Location

  • Allegro Merger Corp.
  • 777 Third Avenue
  • 37th Floor
  • New York
  • New York
  • 10017
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALGR.UNasdaqCM (Nasdaq Capital Market)UnitsUSUSDJul 2018
ALGRNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDAug 2018

Biography

Allegro Merger Corp. does not have significant operations. The company intends to acquire a business through merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination. Allegro Merger Corp. was founded in 2017 and is based in New York, New York. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/02 07:36
End of Day Share Price2020/04/01 00:00
Earnings2019/12/31
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.