Allfunds Group ALLFG.AS
United KingdomFinancial Services · Asset ManagementEuronext Ámsterdam · EUR
8.82 EUR (−7.1%)
9 analysts
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Allfunds Group is a B2B fund distribution platform that connects asset managers with distributors (banks, insurers, and digital platforms), charging fees on assets under administration (AUA) and on data and technology services.
Listed on Euronext Ámsterdam · Symbol ALLFG.AS · AMS: ALLFG · Currency EUR
Key points
from its scores- ✓Good share-price trend8.7
- ✓Strong growth7.9
- ✓High-quality business7.0
- ✕Demanding valuation1.4
- ✕Fragile balance sheet2.7
AI analysis
bottom line, main risk, context and newsHold for long-term investors with high tolerance for valuation; growth and margin justify monitoring, but the current price discounts an earnings normalization that has not yet materialized.
Allfunds shows earnings growth of 91.90% and an operating margin of 42.87%, reflecting a scalable, high-quality platform model. However, its valuation is extremely demanding (P/E 135.71, P/B adjusted for ROE 10.18) and its payout of 288.18% is unsustainable, which weighs on its appeal despite strong momentum (42.93%).
The main risk is the extreme valuation (P/E 135.71) and dependence on assets under administration flows, which could reverse sharply if financial markets deteriorate or if European fund distribution regulation changes fees.
Context and risks
Allfunds operates as a B2B fund distribution platform, with revenues linked to assets under administration (AUA) and distribution margins. Its business is sensitive to investor confidence and market flows, but it has no direct exposure to interest rates, commodities, or shipping routes. The main risk is revenue concentration in a platform model dependent on market performance and European fund distribution regulation, although its UK domicile implies moderate governance risk.
Is Allfunds Group stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades 477% above the Financial Services median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 135.7 | 13.7 | +890% |
| EV / EBITDA | 7.3 | 10.1 | −27% |
| Price / book | 3.1 | 1.9 | +65% |
| Price / sales | 8.5 | 3.5 | +145% |
Sector: median of the 351 Financial Services companies analysed. In bold, the multiples used for the comparison.
Valuation score: 1.4 out of 10 (median for Financial Services: 5.2).
Average analyst target: 8.82 EUR, −7.1% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 7.0 (sector 8.8), Growth 7.9 (sector 6.9).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Financial Services medianValuation
- P/E
- 135.7
- Forward P/E
- 17.4
- EV / EBITDA
- 7.3
- Price / book
- 3.1
- Price / sales
- 8.5
- PEG
- 1.65
- Market cap
- 5.7B EUR
- Enterprise value
- 2.9B EUR
Profitability
- ROE
- 2.2%
- ROA
- 3.1%
- ROIC (approx.)
- 15.3%
- Gross margin
- 76.9%
- Operating margin
- 42.9%
- Net margin
- 6.1%
- Free cash flow
- 82.1M EUR
- FCF yield
- 1.4%
- Cash conversion
- 21%
Solvency
- Total debt
- 14.5M EUR
- Net debt
- −2.8B EUR
- Cash
- 2.8B EUR
- EBITDA
- 393.1M EUR
- Net debt / EBITDA
- −7.14
- Debt / equity
- 0.78
- Current ratio
- 0.93
- Quick ratio
- 0.93
Growth
- Revenue growth
- +6.5%
- Earnings growth
- +91.9%
- EPS (TTM)
- 0.07 EUR
- EPS (forward)
- 0.55 EUR
Dividend
- Dividend yield
- 2.1%
- Payout
- 288.2%
Risk and market
- Beta
- 0.97
- Analyst consensus
- Hold (9)
- Target price
- 8.82 EUR
- 52-week range
- 5.99 – 9.64
Recent news
All ALLFG.AS news →Compare it with its sector
All 351 in Financial Services →Frequently asked questions about Allfunds Group
Is Allfunds Group stock cheap or expensive?
On P/E and Price / book, it trades 477% above the Financial Services median on average. Valuation score: 1.4 out of 10 (median for Financial Services: 5.2). Average analyst target: 8.82 EUR, −7.1% versus the price. This is not investment advice.
What score does Allfunds Group get on MeridIAn Screener?
It scores 4.8 out of 10, rank 1,775 of 2,130 (better than 16% of the companies analysed). Its strongest category is Momentum (8.7) and its weakest, Valuation (1.4). Analysis of 08/10/2026.
What is Allfunds Group's P/E ratio?
Its P/E is 135.7: the share price equals 135.7 times earnings per share over the last 12 months. The Financial Services median is 13.7. Based on the earnings analysts expect, the forward P/E is 17.4.
How much is Allfunds Group worth on the stock market?
Its market capitalisation is 5.7B EUR.
Does Allfunds Group pay a dividend?
Yes: its dividend yield is 2.11% and it pays out 288% of its earnings.
How has Allfunds Group stock performed over the last year?
It has risen 51.0% over the last year, excluding dividends. Over the last 52 weeks it has traded between 5.99 and 9.64 EUR. Past performance does not guarantee future results.
What do analysts think of Allfunds Group?
9 analysts cover it; their average recommendation is “Hold” and their average target is 8.82 EUR (−7.1% versus the price). It is an estimate, not market data.