Alpha FX (ALPH) AI Stock Analysis

• Market Cap: £1.79B
• Dividend Yield: 0.34%
• Average Volume (3M): 400.33K
• Price to Earnings (P/E): 21.9
• Beta (1Y): 1.33
• Revenue Growth: 17.44%
• EPS Growth: -12.83%
• Country: UK
• Employees: 545
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 0.82
• Shares Outstanding: 42,444,355
• 10 Day Avg. Volume: 312,823
• 30 Day Avg. Volume: 400,331
• PEG Ratio: 2.23
• Price to Book (P/B): 3.63
• Price to Sales (P/S): 7.44
• P/FCF Ratio: 11.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: 4,748.00p ▲(11.98% Upside)

Alpha FX scores highly due to its strong financial performance and strategic corporate actions like share buybacks. Technical analysis shows positive momentum but warns of overbought conditions. The valuation is mixed with a high dividend yield and moderate P/E ratio.

Alpha FX Business Overview & Revenue Model

Company Description

Alpha FX (ALPH) is a financial services company specializing in foreign exchange and international payment solutions for businesses. Founded in 2010, the firm operates primarily in the financial technology sector, offering a range of services including currency exchange, risk management, and payment processing. The company focuses on providing tailored solutions that help businesses manage their foreign exchange needs effectively, thereby enhancing their global trading capabilities.

How the Company Makes Money

Alpha FX generates revenue through various key streams, primarily by charging clients for transaction fees on foreign exchange trades and international payments. The company also earns money through spreads, which is the difference between the buying and selling rates of currencies. Additionally, Alpha FX provides value-added services, such as risk management solutions and strategic consulting, which offer further revenue opportunities. Significant partnerships with banks and financial institutions enhance its service offerings and help establish a robust client base, contributing to its overall earnings.

Alpha FX Financial Statement Overview

Summary

Alpha FX demonstrates strong financial health with excellent revenue and profit growth, robust margins, and solid balance sheet metrics. The company shows strong cash flow despite negative investing cash flows, indicating strategic reinvestments.

Income Statement

Alpha FX has shown strong revenue growth with a significant increase from $77.47 million in 2021 to $185.96 million in 2023. The company's gross profit margin has been consistently high, and the net profit margin improved to 47.8% in 2023, indicating strong profitability. EBIT and EBITDA margins are also robust, highlighting efficient operations.

Balance Sheet

The balance sheet is solid with a low debt-to-equity ratio, indicating minimal reliance on debt financing. The equity ratio was strong at 74.1% in 2023, showing financial stability. Return on equity is impressive at 39.8%, reflecting effective use of shareholders' funds to generate profit.

Cash Flow

Operating cash flow has grown steadily, and the free cash flow has shown healthy growth, particularly in 2023. The free cash flow to net income ratio is favorable, suggesting effective cash management. However, the investing cash flow is negative, which could indicate high capital expenditures or investments.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	154.19M	135.60M	185.96M	107.61M	77.47M	46.22M
Gross Profit	28.83M	135.60M	159.24M	82.80M	60.48M	37.39M
EBITDA	117.49M	135.49M	118.94M	49.76M	36.21M	19.22M
Net Income	83.42M	93.02M	88.83M	38.61M	23.53M	12.47M
Balance Sheet
Total Assets	611.52M	482.54M	372.60M	295.19M	208.70M	174.57M
Cash, Cash Equivalents and Short-Term Investments	220.18M	252.47M	197.94M	136.80M	113.85M	98.80M
Total Debt	21.96M	22.51M	22.72M	13.07M	7.36M	7.48M
Total Liabilities	294.65M	203.53M	149.11M	150.74M	98.90M	83.93M
Stockholders Equity	316.13M	278.13M	222.96M	142.90M	105.60M	86.99M
Cash Flow
Free Cash Flow	109.64M	91.73M	75.60M	33.63M	31.88M	-8.41M
Operating Cash Flow	110.81M	100.53M	90.79M	38.85M	34.54M	-6.32M
Investing Cash Flow	-7.96M	-2.73M	-18.79M	-5.22M	-2.65M	-2.09M
Financing Cash Flow	-30.18M	-41.25M	-10.21M	-6.26M	-6.66M	17.40M

Alpha FX Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4240.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ALPH, the sentiment is Positive. The current price of 4240 is above the 20-day moving average (MA) of 4227.00, above the 50-day MA of 4202.10, and above the 200-day MA of 3311.02, indicating a bullish trend. The MACD of 15.30 indicates Positive momentum. The RSI at 69.56 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:ALPH.

Alpha FX Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ALPH	78 Outperform	£1.79B	21.86	30.28%	0.34%	17.44%	-12.83%
PLUS	74 Outperform	£2.16B	10.78	42.26%	5.70%	1.09%	4.88%
TCAP	74 Outperform	£1.86B	11.13	8.74%	6.69%	5.77%	81.14%
IGG	71 Outperform	£3.84B	10.51	20.39%	4.20%	9.46%	32.24%
CMCX	70 Outperform	£604.27M	9.58	15.14%	5.45%	-0.07%	34.54%
CBG	68 Neutral	£644.11M	-6.47	-8.73%	―	-15.79%	-212.00%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Alpha FX Corporate Events

Alpha Group’s Director Donates Shares to Charity

Alpha Group International plc announced that Clive Kahn, a Director and Person Discharging Managerial Responsibility, donated 40,000 ordinary shares to the National Philanthropic Trust UK Limited. This transaction reflects the company’s commitment to philanthropy and may enhance its reputation within the industry, showcasing a dedication to social responsibility alongside its financial operations.

The most recent analyst rating on (GB:ALPH) stock is a Buy with a £4748.00 price target. To see the full list of analyst forecasts on Alpha FX stock, see the GB:ALPH Stock Forecast page.

Alpha Group International PLC to be Acquired by Corpay, Inc.

Alpha Group International PLC has announced a recommended cash acquisition by Corpay, Inc., which will acquire all issued and to-be-issued shares of Alpha through a court-approved scheme. Additionally, Clive Kahn has transferred 40,000 shares to a charitable trust, with Corpay’s consent, indicating strategic alignment and potential philanthropic engagement. This acquisition is expected to enhance Corpay’s market position and influence within the financial services industry, while stakeholders are advised to consider the scheme document for detailed terms.

The most recent analyst rating on (GB:ALPH) stock is a Buy with a £4748.00 price target. To see the full list of analyst forecasts on Alpha FX stock, see the GB:ALPH Stock Forecast page.

Alpha Group’s Acquisition by Corpay Nears Completion

Alpha Group International PLC and Corpay, Inc. have announced the progress of their recommended cash acquisition, with regulatory approvals obtained from the FCA, MFSA, and the Italian FDI Authority. The acquisition is expected to be completed by the end of October 2025, following a court hearing scheduled for 28 October 2025, which will finalize the terms under a court-approved scheme of arrangement.

The most recent analyst rating on (GB:ALPH) stock is a Buy with a £4748.00 price target. To see the full list of analyst forecasts on Alpha FX stock, see the GB:ALPH Stock Forecast page.

Alpha Group Acquisition by Corpay Nears Completion

Alpha Group International PLC, a company involved in financial services, is set to be acquired by Corpay, Inc. The acquisition, which has received necessary regulatory approvals from the FCA, MFSA, and the Italian FDI Authority, is expected to be completed by the end of October 2025, pending a court hearing scheduled for 28 October 2025. This acquisition is significant for Alpha as it aligns with their strategic goals and could potentially enhance their market position.

The most recent analyst rating on (GB:ALPH) stock is a Buy with a £4748.00 price target. To see the full list of analyst forecasts on Alpha FX stock, see the GB:ALPH Stock Forecast page.

Alpha Group Reports Strong H1 2025 Results Amid Acquisition Plans

Alpha Group International plc reported a 34% increase in group revenue to £86.2 million for the first half of 2025, driven by strong performance in its Corporate division. Despite a 20% decrease in profit before tax due to non-cash charges and M&A fees, the company maintained a strong cash position and increased client numbers across various divisions. The recommended acquisition by Corpay Inc. highlights Alpha’s robust business model and growth potential, with completion expected in Q4 2025, subject to regulatory approvals.

The most recent analyst rating on (GB:ALPH) stock is a Buy with a £4748.00 price target. To see the full list of analyst forecasts on Alpha FX stock, see the GB:ALPH Stock Forecast page.

Alpha Group Acquisition by Corpay Approved by Shareholders

Alpha Group International PLC, a company involved in financial services, has announced the results of its Court Meeting and General Meeting concerning its acquisition by Corpay, Inc. The acquisition, which involves Corpay acquiring all issued and to be issued ordinary share capital of Alpha, was approved by the requisite majority of shareholders at both meetings. The scheme is expected to become effective in the fourth quarter of 2025, pending court sanction and satisfaction of other conditions.

The most recent analyst rating on (GB:ALPH) stock is a Buy with a £4748.00 price target. To see the full list of analyst forecasts on Alpha FX stock, see the GB:ALPH Stock Forecast page.

Alpha Group International Announces Total Voting Rights

Alpha Group International plc has announced its total voting rights as of August 31, 2025, which stands at 42,304,607. This information is crucial for shareholders to determine their notification requirements under the FCA’s rules, reflecting the company’s transparency and adherence to regulatory standards.

The most recent analyst rating on (GB:ALPH) stock is a Buy with a £4748.00 price target. To see the full list of analyst forecasts on Alpha FX stock, see the GB:ALPH Stock Forecast page.

Alpha Group Grants LTIP Awards Amidst Acquisition by Corpay

Alpha Group International plc, a company involved in financial services, announced the granting of awards under its Long Term Incentive Plan (LTIP) to its CFO, Tim Powell, and CRO, Tim Butters. This decision, initially planned for June 2025, was delayed due to a recommended cash acquisition by Corpay, Inc. The awards, which will be settled in cash, are subject to performance and pro-rating. Notably, CEO Clive Kahn waived his entitlement to the grant, highlighting a strategic decision amidst the acquisition process.

The most recent analyst rating on (GB:ALPH) stock is a Buy with a £4748.00 price target. To see the full list of analyst forecasts on Alpha FX stock, see the GB:ALPH Stock Forecast page.

Alpha Group International Announces Acquisition by Corpay

Alpha Group International PLC has announced a recommended cash acquisition by Corpay, Inc., to be executed through a Court-sanctioned scheme of arrangement. The acquisition, which has been deemed fair and reasonable by Alpha’s directors, is expected to be completed in the fourth quarter of 2025, pending shareholder and court approvals. This move is anticipated to impact Alpha’s market positioning by transitioning it into a private company, with its shares being delisted from the London Stock Exchange.

Alpha Group Announces Total Voting Rights Update

Alpha Group International PLC has announced its total voting rights, confirming that its issued share capital as of July 31, 2025, consists of 42,304,607 shares, excluding treasury shares. This announcement allows shareholders to calculate their interests in the company under the FCA’s rules, potentially impacting shareholder decisions and company transparency.