ALLFG Stock Analysis: Allfunds | AS
Asset Management | AS, Netherlands | Market Cap: 5.494m EUR | 12M Return: 53.6% | GB00BNTJ3546 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 2.37M
Warnings
Tailwinds
Seasonality 5.4 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Allfunds Group plc is a London-based B2B WealthTech company founded in 2000 that operates a global distribution platform connecting fund houses (asset managers creating investment funds) with distributors such as banks, wealth managers, and insurance companies. Its revenue is organized into two segments: Net Platform and Net Subscription and Other Revenues, reflecting its business model of charging fees for platform access and related transaction or subscription-based services.
The company offers a suite of digital tools for fund distribution and management, including the Connect professional workstation, the Nextportfolio portfolio management system, and an end-investor platform. It also provides ESG and sustainability services-such as ESG scoring, reporting, portfolio advisory, and a Sustainability Navigator tool aligned with the EUs SFDR regulation (Sustainable Finance Disclosure Regulation, which requires funds to disclose sustainability characteristics)-alongside regulatory reporting support and fund registration services.
Additional offerings include Management Company (ManCo) white label services and a White Label Fund Hosting Platform supporting UCITS funds (Undertakings for Collective Investment in Transferable Securities, the EU regulatory framework for retail investment funds) and ETFs (exchange-traded funds), as well as Allfunds Navigator for market insights and Allfunds Blockchain solutions. Customers span private banks, insurers, asset managers, retail and commercial banks, custodians, and other financial institutions across the UK and international markets.
Allfunds sits within the Asset Management & Custody Banks sub-industry of the Financials sector. As a B2B intermediary in fund distribution, its growth is tied to assets under administration (the total value of funds held on its platform) and the breadth of its fund-house and distributor relationships, rather than direct exposure to retail investors.
- Net Platform revenue grows with AUA and market levels
- SFDR and ESG rules fuel regulatory solutions demand
- Margins expand as platform scales and automates
| Net Income: 40.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 3.47 > 1.0 |
| NWC/Revenue: 460.7% < 20% (prev 87.56%; Δ 373.2% < -1%) |
| CFO/TA -0.19 > 3% & CFO -1.05b > Net Income 40.7m |
| Net Debt (-1.44b) to EBITDA (289.2m): -4.97 < 3 |
| Current Ratio: 450.4 > 1.5 & < 3 |
| Outstanding Shares: last quarter (598.8m) vs 12m ago -3.27% < -2% |
| Gross Margin: 66.90% > 18% (prev 70.92%; Δ -4.01% > 0.5%) |
| Asset Turnover: 11.85% > 50% (prev 9.61%; Δ 2.25% > 0%) |
| Interest Coverage Ratio: 7.20 > 6 (EBIT TTM 135.0m / Interest Expense TTM 18.8m) |
| A: 0.57 (Total Current Assets 3.15b - Total Current Liabilities 7.00m) / Total Assets 5.52b |
| B: -0.01 (Retained Earnings -72.4m / Total Assets 5.52b) |
| C: 0.02 (EBIT TTM 135.0m / Avg Total Assets 5.76b) |
| D: 0.51 (Book Value of Equity 1.86b / Total Liabilities 3.65b) |
| Altman-Z'' = 4.39 = AA |
| DSRI: 1.25 (Receivables 445.1m/300.1m, Revenue 682.8m/576.8m) |
| GMI: 1.06 (GM 70.92% / 66.90%) |
| AQI: 1.29 (AQ_t 0.42 / AQ_t-1 0.33) |
| SGI: 1.18 (Revenue 682.8m / 576.8m) |
| TATA: 0.20 (NI 40.7m - CFO -1.05b) / TA 5.52b) |
| Beneish M = -2.44 (Cap -4..+1) = BBB |
As of September 27, 2026, the stock is trading at EUR 9.21 with a total of 495,928 shares traded. Over the past week, the price has changed by +0.71%, over one month by +1.77%, over three months by +8.93% and over the past year by +53.58%.
Current recommended Stop Loss: 9.00 (which is 2.3% or 1.8 ATR below the current price).
Allfunds has no consensus analysts rating.
P/E Trailing = 131.0
P/E Forward = 21.8818
P/S = 8.1738
P/B = 2.9579
P/EG = 1.6083
Revenue TTM = 682.8m EUR
EBIT TTM = 135.0m EUR
EBITDA TTM = 289.2m EUR
Long Term Debt = 410.7m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 14.0m EUR (from shortTermDebt, last quarter)
Debt = 439.2m EUR (corrected: LT Debt 410.7m + ST Debt 14.0m) + Leases 14.5m
Net Debt = -1.44b EUR (calculated: Debt 439.2m - CCE 1.88b)
Enterprise Value = 4.06b EUR (5.49b + Debt 439.2m - CCE 1.88b)
Interest Coverage Ratio = 7.20 (Ebit TTM 135.0m / Interest Expense TTM 18.8m)
EV/FCF = 19.66x (Enterprise Value 4.06b / FCF TTM 206.3m)
FCF Yield = 5.09% (FCF TTM 206.3m / Enterprise Value 4.06b)
FCF Margin = 30.21% (FCF TTM 206.3m / Revenue TTM 682.8m)
Net Margin = 5.97% (Net Income TTM 40.7m / Revenue TTM 682.8m)
Gross Margin = 66.90% ((Revenue TTM 682.8m - Cost of Revenue TTM 226.0m) / Revenue TTM)
Gross Margin QoQ = 57.78% (prev 75.86%)
Tobins Q-Ratio = 0.73 (Enterprise Value 4.06b / Total Assets 5.52b)
Interest Expense / Debt = 4.27% (Interest Expense 18.8m / Debt 439.2m)
Taxrate = 37.37% (48.8m / 130.6m)
NOPAT = 84.5m (EBIT 135.0m * (1 - 37.37%))
Current Ratio = 108.4 (out of range, set to none) (Total Current Assets 3.15b / Total Current Liabilities 29.1m)
Debt / Equity = 0.24 (Debt 439.2m / totalStockholderEquity, last quarter 1.86b)
Debt / EBITDA = -4.97 (Net Debt -1.44b / EBITDA 289.2m)
Debt / FCF = -6.98 (Net Debt -1.44b / FCF TTM 206.3m)
Total Stockholder Equity = 1.93b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.71% (Net Income 40.7m / Total Assets 5.52b)
RoE = 2.11% (Net Income TTM 40.7m / Total Stockholder Equity 1.93b)
RoCE = 5.76% (EBIT 135.0m / Capital Employed (Equity 1.93b + L.T.Debt 410.7m))
RoIC = 1.54% (NOPAT 84.5m / Invested Capital 5.49b)
WACC = 6.81% (E(5.49b)/V(5.93b) * Re(7.14%) + D(439.2m)/V(5.93b) * Rd(4.27%) * (1-Tc(0.37)))
Discount Rate = 7.14% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -88.29 | Cagr: -2.15%
[DCF] Terminal Value 77.97% ; FCFF base≈130.1m ; Y1≈149.1m ; Y5≈219.5m
[DCF] Fair Price = 7.91 (EV 3.30b - Net Debt -1.44b = Equity 4.74b / Shares 599.1m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: -38.52 | Revenue CAGR: -9.15% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=0.48 | Chg30d=+0.23% | Revisions=+25% | GrowthEPS=+13.8% | GrowthRev=+6.5%
EPS next Year (2027-12-31): EPS=0.55 | Chg30d=-0.13% | Revisions=-25% | GrowthEPS=+14.4% | GrowthRev=+10.5%
[Analyst] Revisions Ratio: +0% (up=1, down=1)