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Alvarium Tiedemann Holdings (ALTI)
NASDAQ:ALTI
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Alvarium Tiedemann Holdings
(NASDAQ:ALTI)
Rating:53Neutral
Price Target:
$4.00
▼(-3.38%Downside)
Alvarium Tiedemann Holdings (ALTI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$594.43M
Dividend YieldN/A
Average Volume (3M)211.69K
Price to Earnings (P/E)―
Beta (1Y)1.16
Revenue Growth-10.84%
EPS Growth-58.05%
CountryUS
Employees430
SectorFinancial
Sector Strength82
IndustryAsset Management - Global
Share Statistics
EPS (TTM)0.03
Shares Outstanding99,873,690
10 Day Avg. Volume251,525
30 Day Avg. Volume211,688
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)8.83
Price to Sales (P/S)0.00
P/FCF Ratio-162.03
Enterprise Value/Market Cap0.95
Enterprise Value/Revenue0.62
Enterprise Value/Gross Profit7.20
Enterprise Value/Ebitda-1.35
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Alvarium Tiedemann Holdings Business Overview & Revenue Model
Company DescriptionAlvarium Tiedemann Holdings (ALTI) is a diversified financial services company that operates in the wealth management, investment advisory, and financial planning sectors. It offers a range of services including investment management, wealth advisory, and multi-family office services to high-net-worth individuals, families, and institutions. The company is known for its personalized approach to financial planning and investment solutions tailored to meet the unique needs of its clients.
How the Company Makes MoneyAlvarium Tiedemann Holdings generates revenue primarily through fees charged for its wealth management and investment advisory services. This includes management fees based on a percentage of the assets under management (AUM) and performance fees tied to the investment outcomes. The company also earns from consultancy services provided to family offices and institutional clients. Additionally, Alvarium Tiedemann may receive income from strategic partnerships and collaborations with other financial institutions, enhancing its service offerings and expanding its client base.
Alvarium Tiedemann Holdings Earnings Call Summary
Earnings Call Date:May 12, 2025
(Q1-2025)
| % Change Since: 20.35%|
Next Earnings Date:Aug 19, 2025
Earnings Call Sentiment Positive
The earnings call highlighted significant revenue growth, successful acquisitions, and strategic initiatives that are positioned to drive long-term value. However, challenges such as a net loss, high operating expenses, and exiting noncore operations were also noted. Despite these challenges, the positive strides in growth and strategic partnerships suggest a generally optimistic outlook.Q1-2025 Updates
Positive Updates
Revenue Growth
AlTi generated $58 million in consolidated revenue for Q1 2025, representing a 14% increase year-over-year. The core Wealth Management and Capital Solutions segment saw a 23% rise in revenue.
Increase in Assets Under Management
There was a 10% increase in Assets Under Management and advisement, driven by last year's acquisitions and solid portfolio performance.
Successful Acquisition of Kontora
The acquisition of Kontora marks AlTi's entry into Germany, expanding its global footprint. This acquisition is expected to be accretive to EBITDA and enhance platform profitability through increased scale and operational synergies.
Private Credit Program Success
The new private credit program launched in partnership with Allianz X has secured approximately $240 million in commitments from International Wealth clients by the end of Q1 2025.
Strong Investment Performance
The Asian Credit and European long/short equity strategies delivered returns of 13.3% and 11.9%, respectively, for the year, contributing to robust investment distributions.
Operational Efficiency Initiatives
AlTi launched a zero-based budgeting process to drive productivity and enhance cost efficiency, which is expected to yield substantial annual savings.
Negative Updates
Net Loss
AlTi reported a GAAP net loss of $3 million for the first quarter.
High Operating Expenses
Operating expenses totaled $72 million in the quarter, which remains high relative to the current scale of the business.
Volatile Market Conditions
The market has experienced significant volatility, although AlTi's portfolios have remained resilient due to broad diversification.
Exiting Noncore Real Estate Segment
AlTi is in the process of exiting its International Real Estate segment, which has been identified as noncore to its strategy.
Company Guidance
During AlTi's First Quarter 2025 Earnings Conference Call, the company provided guidance reflecting significant growth and strategic advancements. AlTi reported a 14% year-over-year increase in consolidated revenue, reaching $58 million, with 83% derived from stable, recurring management fees. The company's core Wealth Management and Capital Solutions segment saw a 23% revenue increase, supported by a 10% rise in Assets Under Management. Adjusted EBITDA grew to $9 million, up from $7 million in the previous year. AlTi's strategic initiatives included the acquisition of Kontora, expanding its footprint in Germany, and launching a private credit program. The company emphasized its commitment to operational efficiency through a zero-based budgeting approach, aiming for significant cost savings. Additionally, AlTi is exiting its International Real Estate segment to focus on core business areas. The collaboration with Allianz X and Constellation Wealth Capital is expected to further enhance AlTi's market position and growth trajectory.Alvarium Tiedemann Holdings Financial Statement Overview
Summary
Alvarium Tiedemann Holdings faces significant financial challenges, marked by declining revenues, persistent losses, and negative cash flows. While there is some improvement in leverage, the overall financial health of the company remains weak, requiring strategic adjustments to restore profitability and growth.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 | 214.09M | 206.94M | 250.88M | 81.63M | 75.16M | 52.26M |
| Gross Profit | 78.06M | 37.05M | 46.83M | -9.90M | 24.75M | 12.23M |
| EBITDA | -136.90M | -203.03M | -96.65M | -2.71M | 9.82M | 4.63M |
| Net Income | -130.47M | -103.03M | -162.61M | -5.13M | 1.52M | -3.38M |
Balance Sheet | ||||||
| Total Assets | 1.21B | 1.26B | 1.27B | 76.10M | 99.17M | 90.09M |
| Cash, Cash Equivalents and Short-Term Investments | 52.84M | 65.49M | 15.35M | 7.45K | 12.96M | 8.30M |
| Total Debt | 62.81M | 63.05M | 242.48M | 26.39M | 10.45M | 9.19M |
| Total Liabilities | 240.10M | 285.64M | 478.54M | 120.92M | 42.86M | 27.70M |
| Stockholders Equity | 665.15M | 658.40M | 341.93M | 23.00M | 56.29M | 60.79M |
Cash Flow | ||||||
| Free Cash Flow | -72.85M | -58.37M | -82.34M | -1.09M | 14.04M | 2.95M |
| Operating Cash Flow | -65.35M | -50.65M | -81.71M | -965.72K | 14.45M | 3.33M |
| Investing Cash Flow | -425.76M | -75.69M | -132.95M | 4.35M | -9.75M | -2.50M |
| Financing Cash Flow | 70.16M | 174.26M | 36.02M | 500.00K | -38.75K | 422.54K |
Alvarium Tiedemann Holdings Technical Analysis
Positive
4.14
Price Trends
3.60
Positive
3.39
Positive
3.79
Positive
Market Momentum
0.17
Positive
65.43
Neutral
62.61
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 4.14 is above the 20-day moving average (MA) of 3.99, above the 50-day MA of 3.60, and above the 200-day MA of 3.79, indicating a bullish trend. The MACD of 0.17 indicates Positive momentum. The RSI at 65.43 is Neutral, neither overbought nor oversold. The STOCH value of 62.61 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
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $467.24M | 16.52 | 7.25% | 4.00% | 11.46% | -1.07% | |
75 Outperform | $467.24M | 16.52 | 7.25% | 4.00% | 11.46% | -1.07% | |
61 Neutral | C$14.67B | 6.13 | 20.17% | 5.61% | 26.93% | -38.21% | |
58 Neutral | $610.93M | ― | -0.62% | ― | 19.12% | 75.50% | |
58 Neutral | $610.93M | ― | -0.62% | ― | 19.12% | 75.50% | |
53 Neutral | $594.43M | ― | -23.15% | ― | -10.84% | -58.05% | |
49 Neutral | $32.34M | 246.00 | 0.34% | 3.66% | 65.09% | -90.65% | |
49 Neutral | $32.34M | 246.00 | 0.34% | 3.66% | 65.09% | -90.65% | |
48 Neutral | $455.77M | 47.19 | 1.95% | 13.75% | ― | -66.59% |
* Financial Sector Average
Performance Comparison
ALTI
Alvarium Tiedemann Holdings
4.10
-0.24
-5.53%
AROW
Arrow Financial
27.38
2.60
10.49%
AROW
Arrow Financial
27.38
2.60
10.49%
GDOT
Green Dot
11.13
1.85
19.94%
GDOT
Green Dot
11.13
1.85
19.94%
PNNT
Pennantpark Investment
6.98
0.20
2.95%
GROW
US Global Investors
2.46
-0.04
-1.60%
GROW
US Global Investors
2.46
-0.04
-1.60%
Alvarium Tiedemann Holdings Corporate Events
Executive/Board ChangesShareholder Meetings
Alvarium Tiedemann Holds Annual Meeting, Elects Directors
Neutral
Jun 17, 2025
On June 16, 2025, Alvarium Tiedemann Holdings held its Annual Meeting where stockholders voted on several key proposals. The meeting resulted in the election of eight directors for terms expiring at the 2026 Annual Meeting, the ratification of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, and the approval of an amendment to the 2023 Stock Incentive Plan to increase the number of shares available for issuance.
Executive/Board Changes
Alvarium Tiedemann Holdings Appoints New Chief Legal Officer
Neutral
May 30, 2025
On May 29, 2025, AlTi Global, Inc. entered into an Executive Employment and Restrictive Covenant Agreement with Colleen Graham, the Chief Legal, Compliance and Risk Officer. This agreement outlines her compensation, including a base salary of $425,000 and eligibility for an annual bonus, along with provisions for termination scenarios. The agreement also includes confidentiality and non-solicitation clauses, with no family or material interest ties between Ms. Graham and the company’s directors or officers.
Shareholder Meetings
Alvarium Tiedemann Urges Shareholder Participation in June Meeting
Neutral
May 29, 2025
On May 29, 2025, Michael Tiedemann, CEO of AlTi Global, Inc., urged employees holding company shares to vote in the upcoming annual stockholders meeting on June 16, 2025. The meeting will address key proposals such as the election of directors, ratification of an auditor, and amendment of the equity plan to increase available shares. This initiative emphasizes the importance of shareholder participation in shaping the company’s governance and strategic decisions.
Shareholder Meetings
Alvarium Tiedemann Updates 2025 Proxy Statement Details
Neutral
May 27, 2025
On April 29, 2025, AlTi Global, Inc. announced amendments to its 2025 Annual Meeting Proxy Statement, which was initially filed for the solicitation of proxies for the company’s annual stockholders meeting. The amendments clarify details regarding attendance, voting rights, and quorum requirements, ensuring transparency and proper governance for the meeting. Stockholders who have already submitted their proxies need not take any action unless they wish to change their vote.
M&A TransactionsBusiness Operations and StrategyFinancial Disclosures
Alvarium Tiedemann Holdings Reports Q1 Earnings and Growth
Positive
May 12, 2025
On May 12, 2025, AlTi Global released its first-quarter earnings report, highlighting its strategic investments and growth trajectory. The company has completed or is in the process of five acquisitions globally since 2023, maintaining a 96% client retention rate since 2020. With a strong capital position and strategic partnerships, AlTi aims to accelerate its international expansion and enhance its market presence in the ultra-high-net-worth (UHNW) wealth management sector. The company’s focus on impact investing and strategic growth positions it as a preeminent player in the global UHNW wealth management industry.
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.