ALLFG Stock Analysis: Allfunds | AS
Asset Management | AS, Netherlands | Market Cap: 5.284m EUR | 12M Return: 25.8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 2.26M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 5.2 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: 2.30m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 3.22 > 1.0 |
| NWC/Revenue: -137.3% < 20% (prev 97.72%; Δ -235.0% < -1%) |
| CFO/TA 0.04 > 3% & CFO 209.1m > Net Income 2.30m |
| Net Debt (448.1m) to EBITDA (281.2m): 1.59 < 3 |
| Current Ratio: 0.73 > 1.5 & < 3 |
| Outstanding Shares: last quarter (601.7m) vs 12m ago -1.62% < -2% |
| Gross Margin: 75.89% > 18% (prev 67.35%; Δ 8.54% > 0.5%) |
| Asset Turnover: 12.96% > 50% (prev 10.95%; Δ 2.01% > 0%) |
| Interest Coverage Ratio: 5.43 > 6 (EBIT TTM 112.0m / Interest Expense TTM 20.6m) |
| A: -0.17 (Total Current Assets 2.57b - Total Current Liabilities 3.50b) / Total Assets 5.35b |
| B: -0.00 (Retained Earnings -12.0m / Total Assets 5.35b) |
| C: 0.02 (EBIT TTM 112.0m / Avg Total Assets 5.21b) |
| D: 0.55 (Book Value of Equity 1.90b / Total Liabilities 3.45b) |
| Altman-Z'' = -0.42 = B |
| DSRI: 1.23 (Receivables 374.9m/249.9m, Revenue 675.8m/555.5m) |
| GMI: 0.89 (GM 67.35% / 75.89%) |
| AQI: 1.28 (AQ_t 0.52 / AQ_t-1 0.40) |
| SGI: 1.22 (Revenue 675.8m / 555.5m) |
| TATA: -0.04 (NI 2.30m - CFO 209.1m) / TA 5.35b) |
| Beneish M = -2.62 (Cap -4..+1) = A |
As of July 08, 2026, the stock is trading at EUR 8.69 with a total of 235,011 shares traded. Over the past week, the price has changed by +3.27%, over one month by +2.18%, over three months by +3.64% and over the past year by +25.77%.
Current recommended Stop Loss: 8.50 (which is 2.2% or 2.1 ATR below the current price).
Allfunds has no consensus analysts rating.
P/E Forward = 17.5131
P/S = 8.1203
P/B = 2.7019
P/EG = 0.4756
Revenue TTM = 675.8m EUR
EBIT TTM = 112.0m EUR
EBITDA TTM = 281.2m EUR
Long Term Debt = 410.7m EUR (from longTermDebt, last quarter)
Short Term Debt = 2.57b EUR (from shortTermDebt, last quarter)
Debt = 3.01b EUR (from shortLongTermDebtTotal, last quarter) + Leases 17.4m
Net Debt = 448.1m EUR (calculated: Debt 3.01b - CCE 2.56b)
Enterprise Value = 5.73b EUR (5.28b + Debt 3.01b - CCE 2.56b)
Interest Coverage Ratio = 5.43 (Ebit TTM 112.0m / Interest Expense TTM 20.6m)
EV/FCF = 31.34x (Enterprise Value 5.73b / FCF TTM 182.9m)
FCF Yield = 3.19% (FCF TTM 182.9m / Enterprise Value 5.73b)
FCF Margin = 27.07% (FCF TTM 182.9m / Revenue TTM 675.8m)
Net Margin = 0.34% (Net Income TTM 2.30m / Revenue TTM 675.8m)
Gross Margin = 75.89% ((Revenue TTM 675.8m - Cost of Revenue TTM 162.9m) / Revenue TTM)
Gross Margin QoQ = 75.86% (prev 75.92%)
Tobins Q-Ratio = 1.07 (Enterprise Value 5.73b / Total Assets 5.35b)
Interest Expense / Debt = 0.68% (Interest Expense 20.6m / Debt 3.01b)
Taxrate = 25.0% (non-US conservative default 25%)
NOPAT = 84.0m (EBIT 112.0m * (1 - 25.00%))
Current Ratio = 0.73 (Total Current Assets 2.57b / Total Current Liabilities 3.52b)
Debt / Equity = 1.59 (Debt 3.01b / totalStockholderEquity, last quarter 1.90b)
Debt / EBITDA = 1.59 (Net Debt 448.1m / EBITDA 281.2m)
Debt / FCF = 2.45 (Net Debt 448.1m / FCF TTM 182.9m)
Total Stockholder Equity = 2.04b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.04% (Net Income 2.30m / Total Assets 5.35b)
RoE = 0.11% (Net Income TTM 2.30m / Total Stockholder Equity 2.04b)
RoCE = 4.58% (EBIT 112.0m / Capital Employed (Equity 2.04b + L.T.Debt 410.7m))
RoIC = 1.07% (NOPAT 84.0m / Invested Capital 7.89b)
WACC = 5.12% (E(5.28b)/V(8.29b) * Re(7.75%) + D(3.01b)/V(8.29b) * Rd(0.68%) * (1-Tc(0.25)))
Discount Rate = 7.75% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -46.67 | Cagr: -0.60%
[DCF] Terminal Value 77.97% ; FCFF base≈113.7m ; Y1≈130.3m ; Y5≈191.8m
[DCF] Fair Price = 4.08 (EV 2.89b - Net Debt 448.1m = Equity 2.44b / Shares 597.8m; 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: -72.25 | Revenue CAGR: -20.23% | SUE: -0.05 | # QB: 0
EPS current Year (2026-12-31): EPS=0.47 | Chg30d=+1.17% | Revisions=+0% | GrowthEPS=+10.9% | GrowthRev=+8.6%
EPS next Year (2027-12-31): EPS=0.54 | Chg30d=+0.88% | Revisions=-17% | GrowthEPS=+15.3% | GrowthRev=+10.3%
[Analyst] Revisions Ratio: -10% (up=3, down=4)