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Alvarium Tiedemann Holdings (ALTI)
NASDAQ:ALTI
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Alvarium Tiedemann Holdings
(NASDAQ:ALTI)
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Rating:54Neutral
Price Target:
$5.50
▲(18.53% Upside)
Alvarium Tiedemann Holdings' overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and persistent losses. While technical analysis indicates bullish momentum, overbought conditions pose risks. The valuation remains unattractive due to negative earnings and lack of dividends. Despite positive client retention and growth, financial challenges overshadow these strengths.
Positive Factors
Client Retention and Growth
High client retention and growth indicate strong customer loyalty and satisfaction, which can lead to stable revenue streams and enhance long-term business sustainability.
Cost Reduction Initiatives
The cost reduction initiatives will improve operational efficiency and profitability, allowing the company to reinvest in growth opportunities and enhance financial health.
Strategic Review for Growth
Exploring strategic options can lead to business model enhancements, partnerships, or acquisitions that strengthen market position and drive sustainable growth.
Negative Factors
Declining Revenue
Declining revenue indicates challenges in maintaining market share and competitiveness, potentially impacting long-term financial stability and growth prospects.
Negative Cash Flows
Negative cash flows limit the company's ability to invest in growth initiatives, pay down debt, and provide returns to shareholders, affecting long-term viability.
Increased Operating Expenses
Rising operating expenses can erode profit margins and reduce financial flexibility, challenging the company's ability to achieve sustainable profitability.
Alvarium Tiedemann Holdings (ALTI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$680.47M
Dividend YieldN/A
Average Volume (3M)157.45K
Price to Earnings (P/E)―
Beta (1Y)1.05
Revenue Growth-9.35%
EPS Growth-41.18%
CountryUS
Employees430
SectorFinancial
Sector Strength70
IndustryAsset Management - Global
Share Statistics
EPS (TTM)-0.69
Shares Outstanding102,464,810
10 Day Avg. Volume98,957
30 Day Avg. Volume157,450
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)0.53
Price to Sales (P/S)1.70
P/FCF Ratio-6.02
Enterprise Value/Market Cap1.58
Enterprise Value/Revenue4.86
Enterprise Value/Gross Profit25.44
Enterprise Value/Ebitda-6.81
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusModerate Buy
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Alvarium Tiedemann Holdings Business Overview & Revenue Model
Company DescriptionAlvarium Tiedemann Holdings (ALTI) is a global multi-family office and investment firm that specializes in providing a wide range of financial services, including wealth management, investment advisory, and asset management. The company caters primarily to high-net-worth individuals, families, and institutional clients, offering tailored solutions across various sectors such as private equity, real estate, and alternative investments. With a focus on delivering personalized strategies, Alvarium Tiedemann aims to enhance the financial well-being of its clients through innovative investment opportunities and comprehensive financial planning.
How the Company Makes MoneyAlvarium Tiedemann Holdings generates revenue through several key streams, primarily from fees charged for its wealth management and investment advisory services. These fees can include management fees based on assets under management (AUM), performance fees tied to the success of specific investment strategies, and advisory fees for financial planning and consultation services. Additionally, the firm may earn revenue from commissions on financial products sold to clients, as well as partnerships with other financial institutions that allow for a broader range of investment solutions. Significant partnerships with private equity and real estate firms also contribute to its earnings by providing access to exclusive investment opportunities, which can enhance its service offerings and attract more clients.
Alvarium Tiedemann Holdings Earnings Call Summary
Earnings Call Date:Nov 12, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Mar 13, 2026
Earnings Call Sentiment Neutral
AlTi Global, Inc. demonstrated strong client retention and growth, particularly in international markets. However, significant non-cash impairments and increased operating expenses negatively impacted financial results, leading to a net loss for the quarter.Q3-2025 Updates
Positive Updates
Strong Client Retention and Growth
AlTi Global, Inc. maintained approximately 96% client retention since 2021, with an average AUM per client over $50 million. The company added more than $600 million in assets in Q3 2025, with over $1.2 billion added year-to-date from new and existing clients.
Robust Organic and International Growth
The company secured nearly $1.1 billion in new and expanded mandates in the U.S., with significant international growth, including a $240 million mandate from collaboration between Miami and Singapore offices, and a $130 million mandate from the Zurich impact investing team.
Cost Reduction Initiatives
The zero-based budgeting program is expected to generate approximately $20 million in recurring annual gross savings by 2026. Non-compensation expenses decreased by $600,000 from the previous quarter, despite additional costs from the Contura acquisition.
Negative Updates
Non-Cash Impairment and Losses
The company reported a $35 million non-cash impairment of the arbitrage fund, contributing to a GAAP net loss of $107 million for the quarter, and a $20 million net loss from discontinued operations due to the international real estate business administration.
Increased Operating Expenses
Operating expenses for the quarter were $86 million, up from $61 million in the prior year, driven by nonrecurring noncash charges, including a $4 million client redress provision and a $16 million write-off of receivables.
Company Guidance
During the third quarter of 2025, AlTi Global, Inc. provided detailed guidance on its strategic focus and financial outlook. The company emphasized its commitment to its core wealth management business by placing its international real estate segment under administration, which is expected to streamline operations and improve financial transparency. AlTi Global reported a consolidated revenue of $57 million, with 95% derived from recurring management fees, and an adjusted EBITDA of $6 million. The firm also highlighted a robust client retention rate of approximately 96% since 2021, with an average client tenure of ten years and an average AUM per client exceeding $50 million. Despite a non-cash valuation adjustment of $35 million related to its arbitrage strategy, the strategy performed well, up 7.5% through September. The company projects significant cost savings of around $20 million annually by 2026 through its zero-based budgeting initiatives. Internationally, AlTi Global added over $600 million in assets during the quarter and $1.2 billion year-to-date, while US operations secured nearly $1.1 billion in new and expanded mandates. The company remains optimistic about sustainable margin expansion driven by organic growth, enhanced pricing models, and operational efficiencies.Alvarium Tiedemann Holdings Financial Statement Overview
Summary
Alvarium Tiedemann Holdings faces significant financial challenges, marked by declining revenues, persistent losses, and negative cash flows. Despite some improvement in leverage, the overall financial health remains weak.Income Statement
Alvarium Tiedemann Holdings showed significant revenue decline from 2023 to 2024, with total revenue dropping to zero. The company has consistently operated at a loss, with negative EBIT and net income over recent years. The net profit margin and EBIT margin are negative, indicating ongoing operational challenges.25
Negative
Balance Sheet
The company has a relatively strong equity base with a debt-to-equity ratio improving to 0.10 in 2024 from higher previous levels, reflecting reduced leverage. However, the return on equity is negative due to continued net losses, posing risks to financial stability.55
Neutral
Cash Flow
Negative operating and free cash flows indicate that the company is not generating sufficient cash from its operations. Although free cash flow improved in 2024 compared to 2023, the cash flow to net income ratios remain unfavorable.30
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 221.66M | 206.94M | 246.92M | 76.87M | 75.70M | 71.23M |
| Gross Profit | 42.36M | 37.05M | 38.66M | 25.64M | 28.29M | 16.67M |
| EBITDA | -158.34M | -158.74M | -290.21M | -2.71M | 6.75M | 4.63M |
| Net Income | -164.34M | -103.03M | -165.58M | -5.88M | 3.94M | ― |
Balance Sheet | ||||||
| Total Assets | 1.15B | 1.26B | 1.27B | 91.99M | 133.84M | 122.78M |
| Cash, Cash Equivalents and Short-Term Investments | 35.85M | 65.49M | 15.35M | 7.13M | 17.50M | 11.31M |
| Total Debt | 63.72M | 63.05M | 242.48M | 31.90M | 14.10M | 12.52M |
| Total Liabilities | 270.59M | 285.64M | 483.80M | 74.14M | 57.85M | 37.76M |
| Stockholders Equity | 607.19M | 658.40M | 352.14M | 17.53M | 75.97M | 82.85M |
Cash Flow | ||||||
| Free Cash Flow | -52.91M | -58.37M | -82.34M | 6.70M | 14.04M | 2.95M |
| Operating Cash Flow | -50.17M | -50.65M | -81.71M | 6.86M | 14.45M | 3.33M |
| Investing Cash Flow | -8.88M | -75.69M | -132.95M | -7.23M | -9.75M | -2.50M |
| Financing Cash Flow | -120.45M | 174.26M | 36.02M | -345.00K | -38.75K | 422.54K |
Alvarium Tiedemann Holdings Technical Analysis
Positive
4.64
Price Trends
4.17
Positive
4.09
Positive
3.82
Positive
Market Momentum
0.22
Positive
55.12
Neutral
23.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ALTI, the sentiment is Positive. The current price of 4.64 is above the 20-day moving average (MA) of 4.57, above the 50-day MA of 4.17, and above the 200-day MA of 3.82, indicating a bullish trend. The MACD of 0.22 indicates Positive momentum. The RSI at 55.12 is Neutral, neither overbought nor oversold. The STOCH value of 23.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ALTI.
Alvarium Tiedemann Holdings Risk Analysis
Alvarium Tiedemann Holdings disclosed 70 risk factors in its most recent earnings report. Alvarium Tiedemann Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Alvarium Tiedemann Holdings Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $521.87M | 9.51 | 12.00% | 4.95% | 3.93% | 17.48% | |
73 Outperform | $554.69M | 12.02 | 12.88% | ― | 9.12% | 45.83% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | $643.57M | -13.17 | -4.98% | 3.88% | -28.00% | -174.60% | |
58 Neutral | $493.46M | 18.68 | 3.22% | 15.77% | -11.01% | -65.56% | |
54 Neutral | $680.47M | -2.80 | -22.03% | ― | -9.35% | -41.18% | |
54 Neutral | $30.95M | 36.04 | 1.82% | 3.73% | 115.35% | -48.45% |
* Financial Sector Average
ALTI
Alvarium Tiedemann Holdings
4.68
0.38
8.84%
FMNB
Farmers National Banc Oh
13.73
0.11
0.81%
FISI
Financial Institutions
31.85
5.67
21.66%
GROW
US Global Investors
2.40
0.06
2.56%
CION
CION Investment Corp
9.45
-0.50
-5.03%
TCBX
Third Coast Bancshares
39.54
5.18
15.08%
Alvarium Tiedemann Holdings Corporate Events
M&A TransactionsBusiness Operations and Strategy
Alvarium Tiedemann Explores Strategic Options Amid Interest
Neutral
Dec 10, 2025
On December 9, 2025, AlTi Global, Inc. announced it had received multiple preliminary indications of interest regarding a potential transaction. The company’s Board of Directors has formed a Special Committee to evaluate these indications and explore strategic options to maximize shareholder value and support growth. AlTi, known for its strong position in the ultra-high-net-worth market, aims to simplify its business model and improve margins. The outcome of the review process remains uncertain, with no set timeline for completion.
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Alvarium Tiedemann Holdings Streamlines Financial Reporting
Neutral
Nov 12, 2025
In July 2025, AlTi Global placed its international real estate business under administration, marking it as discontinued operations and restating prior periods to reflect continuing operations in compliance with U.S. GAAP. The company has consolidated its financial reporting into a single operating segment, highlighting its commitment to adapting its business model to better serve the ultra-high-net-worth sector with a comprehensive suite of offerings, including investment advisory and impact investing.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.