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Alpha FX Group PLC (GB:ALPH)
LSE:ALPH
UK Market

Alpha FX (ALPH) AI Stock Analysis

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GB

Alpha FX

(LSE:ALPH)

Rating:82Outperform
Price Target:
3,584.00p
â–˛(18.48%Upside)
Alpha FX is well-positioned in the capital markets industry with strong financial metrics, including robust revenue and profit growth. The technical analysis supports a positive outlook, although caution is advised due to potential overbought conditions. The company's strategic corporate actions, such as share buybacks, further enhance its market position. Valuation is reasonable, making it an attractive option for growth-oriented investors.

Alpha FX (ALPH) vs. iShares MSCI United Kingdom ETF (EWC)

Alpha FX Business Overview & Revenue Model

Company DescriptionAlpha Group International plc provides foreign exchange risk management and alternative banking solutions in the United Kingdom and internationally. The company offers forward currency contracts, option contracts, foreign exchange spot transactions, and payments collections and currency accounts services. It serves corporates and institutions. The company was formerly known as Alpha FX Group PLC. Alpha Group International plc was founded in 2009 and is headquartered in London, the United Kingdom.
How the Company Makes MoneyAlpha FX generates revenue primarily through its foreign exchange and international payment services. The company earns money by facilitating currency transactions for corporate clients and charging fees or earning spreads on these transactions. Key revenue streams include transaction fees, which are charged for each FX transaction processed, and spreads, which are the difference between the buying and selling price of a currency. Additionally, Alpha FX may benefit from advisory services offered to clients seeking to hedge currency risk. Significant partnerships with banks and financial institutions also enhance its ability to offer competitive rates and services, contributing to its overall earnings.

Alpha FX Financial Statement Overview

Summary
Alpha FX demonstrates strong financial health with significant revenue growth, high profit margins, and a robust balance sheet. The company also exhibits strong cash flow management despite negative investing cash flows, indicating strategic reinvestments.
Income Statement
92
Very Positive
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
87
Very Positive
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
85
Very Positive
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
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
135.60M185.96M107.61M77.47M46.22M
Gross Profit
135.60M159.24M0.0060.48M37.39M
EBIT
118.30M112.56M46.27M33.33M16.76M
EBITDA
135.49M118.94M49.76M36.21M19.22M
Net Income Common Stockholders
93.02M88.83M38.61M23.53M12.47M
Balance SheetCash, Cash Equivalents and Short-Term Investments
252.47M197.94M136.80M113.85M94.78M
Total Assets
482.54M372.60M295.19M208.70M174.57M
Total Debt
22.51M22.72M13.07M7.36M7.48M
Net Debt
-229.96M-175.22M-123.72M-100.68M-75.49M
Total Liabilities
203.53M149.11M150.74M98.90M83.93M
Stockholders Equity
278.13M222.96M139.75M105.60M86.99M
Cash FlowFree Cash Flow
91.73M75.60M33.63M31.88M-8.41M
Operating Cash Flow
100.53M90.79M38.85M34.54M-6.32M
Investing Cash Flow
-2.73M-18.79M-5.22M-2.65M-2.09M
Financing Cash Flow
-41.25M-10.21M-6.26M-6.66M17.40M

Alpha FX Technical Analysis

Technical Analysis Sentiment
Positive
Last Price3025.00
Price Trends
50DMA
2833.86
Positive
100DMA
2679.37
Positive
200DMA
2450.99
Positive
Market Momentum
MACD
50.89
Positive
RSI
50.96
Neutral
STOCH
26.09
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 3025 is below the 20-day moving average (MA) of 3076.25, above the 50-day MA of 2833.86, and above the 200-day MA of 2450.99, indicating a neutral trend. The MACD of 50.89 indicates Positive momentum. The RSI at 50.96 is Neutral, neither overbought nor oversold. The STOCH value of 26.09 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

Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
82
Outperform
ÂŁ1.28B14.0237.13%0.93%18.79%4.95%
64
Neutral
$12.77B9.717.85%78.06%12.07%-7.97%
$725.27M5.88-6.71%―――
GBIGG
82
Outperform
ÂŁ3.75B10.9219.85%2.60%6.34%30.64%
82
Outperform
ÂŁ2.45B12.1840.24%5.69%2.95%9.84%
77
Outperform
ÂŁ1.90B11.608.13%8.83%2.63%132.46%
75
Outperform
ÂŁ707.54M11.2215.14%2.44%-0.07%34.54%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:ALPH
Alpha FX
3,025.00
682.18
29.12%
CBGPF
Close Brothers Group
5.20
-0.32
-5.80%
GB:CMCX
CMC Markets
253.50
7.72
3.14%
GB:IGG
IG Group Holdings
1,066.00
296.45
38.52%
GB:PLUS
Plus500
3,406.00
1,329.92
64.06%
GB:TCAP
TP ICap
256.00
66.47
35.07%

Alpha FX Corporate Events

Regulatory Filings and Compliance
Alpha Group Announces Total Voting Rights Update
Neutral
Jun 2, 2025

Alpha Group International plc has announced that its total voting rights as of May 30, 2025, amount to 42,304,607, excluding treasury shares. This figure is crucial for shareholders to determine their notification obligations under the FCA’s Disclosure Guidance and Transparency Rules. The announcement underscores Alpha’s commitment to transparency and regulatory compliance, which is vital for maintaining investor confidence and supporting its market position.

M&A TransactionsBusiness Operations and Strategy
Alpha Group Extends Deadline for Corpay’s Potential Offer
Neutral
May 30, 2025

Alpha Group International PLC has announced an extension of the deadline for Corpay, Inc. to make a firm offer for the company. The Board of Alpha has engaged in discussions with Corpay and believes it is in the best interest of shareholders to continue these talks. The new deadline for Corpay to announce its intentions is set for July 7, 2025, with the possibility of further extension with the consent of the Takeover Panel. This development indicates ongoing strategic negotiations that could impact Alpha’s market positioning and shareholder value.

Business Operations and Strategy
Liontrust Reduces Stake in Alpha Group International
Neutral
May 27, 2025

Alpha Group International PLC has announced a significant change in its shareholder structure, with Liontrust Investment Partners LLP reducing its voting rights from over 10% to approximately 4.98%. This shift, effective as of May 22, 2025, reflects a strategic adjustment in Liontrust’s investment in Alpha Group, potentially impacting the company’s decision-making dynamics and its market perception. The reduction in voting rights could influence Alpha Group’s future strategies and stakeholder relations, highlighting a notable development in its corporate governance landscape.

Shareholder MeetingsDividendsFinancial DisclosuresRegulatory Filings and Compliance
Alpha Group International Addresses Historical Financial Discrepancies at AGM
Neutral
May 15, 2025

Alpha Group International PLC, a company involved in financial services, held its Annual General Meeting on 15 May 2025. The meeting saw the approval of various resolutions, including director elections, remuneration policies, and a final dividend declaration. A significant outcome was the approval of deeds of release related to past share buybacks and dividend distributions that were not in compliance with the Companies Act 2006. This move, deemed fair and reasonable by the Board, aims to address historical financial discrepancies and involves a related party transaction with current and former directors.

Shareholder MeetingsStock BuybackDividendsRegulatory Filings and Compliance
Alpha Group International Resolves Past Financial Issues at AGM
Positive
May 15, 2025

Alpha Group International PLC held its Annual General Meeting on May 15, 2025, where all proposed resolutions, including director elections and financial authorizations, were passed. The company addressed past procedural issues related to share buybacks and dividends by entering into deeds of release, ensuring compliance with the Companies Act 2006, and resolving potential claims against directors and shareholders, thus stabilizing its financial operations and maintaining shareholder trust.

Stock BuybackBusiness Operations and Strategy
Alpha Group Executes Share Buyback Amid Strategic Financial Maneuvers
Neutral
May 15, 2025

Alpha Group International plc has announced the purchase of 25,500 of its own ordinary shares as part of its ongoing share buyback program. This transaction, executed through Panmure Liberum Limited, is part of Alpha’s strategic financial management to optimize its capital structure. The repurchased shares will be held in treasury, affecting the total voting rights and shares in issue, which now stand at 42,304,607. This move comes amidst Alpha’s entry into an offer period, highlighting its proactive approach in managing shareholder interests and aligning with regulatory requirements.

Stock BuybackBusiness Operations and Strategy
Alpha Group Executes Share Buyback Amid Offer Period
Neutral
May 14, 2025

Alpha Group International plc has executed a share buyback, purchasing 30,000 ordinary shares as part of its ongoing Buyback Programme. The repurchased shares will be held in treasury, leaving 42,330,107 shares in issue. This move aligns with the company’s strategic financial management and may impact shareholder calculations under the FCA’s rules. The announcement also confirms the company’s entry into an offer period, highlighting its shares as relevant securities under the City Code on Takeovers and Mergers.

Stock BuybackBusiness Operations and Strategy
Alpha Group Executes Share Buyback Amid Offer Period
Positive
May 13, 2025

Alpha Group International plc has executed a share buyback, purchasing 12,000 of its ordinary shares at a price of 3,175 pence each, as part of its ongoing Buyback Programme. This transaction reduces the number of shares in circulation, potentially enhancing shareholder value, and aligns with the company’s strategic financial management. The company remains in an offer period, with its shares being relevant securities under the City Code on Takeovers and Mergers, indicating potential future corporate actions.

M&A TransactionsBusiness Operations and Strategy
Alpha Group Rejects Acquisition Proposal from Corpay
Neutral
May 6, 2025

Alpha Group International PLC has received a preliminary all-cash acquisition proposal from Corpay, Inc. to acquire its entire share capital. The board of Alpha, after consulting with its financial advisers, has unanimously rejected the proposal. Corpay has until 30 May 2025 to either make a firm offer or withdraw, with any extensions requiring approval from the Panel on Takeovers and Mergers. This development highlights Alpha’s strategic positioning and potential attractiveness as a takeover target in the financial services sector.

Regulatory Filings and Compliance
Alpha Group International Announces Total Voting Rights Update
Neutral
May 1, 2025

Alpha Group International plc has announced that its total voting rights as of April 30, 2025, amount to 42,372,107, excluding treasury shares. This information is crucial for shareholders to determine their interest in the company as per the FCA’s Disclosure Guidance and Transparency Rules. The announcement underscores Alpha’s commitment to transparency and regulatory compliance, which is vital for maintaining investor confidence and supporting its growth narrative.

Stock BuybackBusiness Operations and Strategy
Alpha Group Executes Share Buyback to Optimize Capital Structure
Positive
May 1, 2025

Alpha Group International plc has executed a share buyback, purchasing 10,000 ordinary shares at an average price of 2,728 pence per share. This transaction is part of the company’s ongoing Buyback Programme, aimed at optimizing its capital structure and enhancing shareholder value. The repurchased shares will be held in treasury, reducing the number of shares in circulation and potentially increasing the value of remaining shares. This move reflects Alpha’s strategic focus on financial management and maintaining robust market positioning.

Stock BuybackBusiness Operations and Strategy
Alpha Group Executes Share Buyback to Enhance Shareholder Value
Positive
Apr 30, 2025

Alpha Group International plc has executed a share buyback, purchasing 10,000 ordinary shares as part of its ongoing Buyback Programme. The repurchased shares will be held in treasury, adjusting the total voting rights to 42,382,107. This move is part of Alpha’s strategic financial management, potentially impacting shareholder calculations under the FCA’s rules and reflecting the company’s commitment to enhancing shareholder value.

Stock BuybackBusiness Operations and Strategy
Alpha Group Executes Share Buyback to Enhance Shareholder Value
Positive
Apr 29, 2025

Alpha Group International plc has executed a share buyback, purchasing 10,000 ordinary shares at a price of 2,675 pence each, as part of its ongoing Buyback Programme. This transaction reduces the number of shares in circulation, potentially increasing shareholder value, and leaves the company with 42,392,107 voting rights. The buyback reflects Alpha’s strategic focus on managing its capital structure and enhancing shareholder returns.

Financial Disclosures
Alpha Group International Releases Quarterly Update on Client Balances and Interest Rates
Neutral
Apr 28, 2025

Alpha Group International plc has released its quarterly update on client balances and interest rates, which are crucial for its ‘Net Treasury Income – Client Funds’. The update shows a slight decrease in the blended average client balance from £2.3bn in Q4 2024 to £2.2bn in Q1 2025, with a corresponding decrease in the blended average interest rate from 3.5% to 3.4%. This income stream is considered uncontrollable and could be affected by shifts in the interest rate environment. The company emphasizes that net treasury income is a by-product of their accounts solution and not part of operating revenue, highlighting its potential volatility in a low-interest rate environment.

Shareholder MeetingsFinancial Disclosures
Alpha Group International Releases 2024 Financial Results and AGM Notice
Neutral
Apr 17, 2025

Alpha Group International plc has released its audited results for the year ending 31 December 2024, along with its Annual Report and Notice of the 2025 Annual General Meeting. These documents are available on the company’s website and will be submitted to the National Storage Mechanism for inspection. The AGM is scheduled for 15 May 2025 in London. The company’s ongoing focus on operational agility and client service continues to drive its growth and market presence.

Stock BuybackBusiness Operations and Strategy
Alpha Group Executes Share Buyback to Optimize Capital Structure
Neutral
Apr 10, 2025

Alpha Group International plc has executed a share buyback as part of its ongoing program, purchasing 5,000 ordinary shares at a price of 2,250 pence each. The repurchased shares will be held in treasury, adjusting the total voting rights to 42,402,107. This move is part of Alpha’s strategy to manage its capital structure effectively, potentially impacting shareholder value and market perception.

Stock BuybackBusiness Operations and Strategy
Alpha Group Executes Share Buyback as Part of Strategic Programme
Neutral
Apr 8, 2025

Alpha Group International plc has executed a share buyback, purchasing 5,000 of its ordinary shares at a price of 2,200 pence each. This transaction is part of its ongoing buyback programme, and the repurchased shares will be held in treasury, impacting the total voting rights available to shareholders. This move reflects Alpha’s strategic financial management and may influence shareholder calculations under the FCA’s rules.

Stock BuybackBusiness Operations and Strategy
Alpha Group Executes Share Buyback to Enhance Shareholder Value
Positive
Apr 7, 2025

Alpha Group International plc announced a share buyback, purchasing 15,000 ordinary shares as part of its ongoing Buyback Programme. The shares were bought at prices ranging from 2,305 to 2,410 pence and will be held in treasury, adjusting the total voting rights to 42,412,107. This move is part of Alpha’s strategy to manage its share capital and enhance shareholder value, reflecting its commitment to operational agility and client focus.

Stock BuybackBusiness Operations and Strategy
Alpha Group Executes Share Buyback to Enhance Capital Structure
Positive
Apr 3, 2025

Alpha Group International plc has executed a share buyback as part of its ongoing programme, purchasing 25,000 ordinary shares at a volume-weighted average price of 2,520 pence per share. The repurchased shares will be held in treasury, impacting the total voting rights available to shareholders, which now stand at 42,427,107. This move is part of Alpha’s strategy to manage its capital structure and potentially enhance shareholder value.

Regulatory Filings and Compliance
Alpha Group International Announces Total Voting Rights
Positive
Apr 1, 2025

Alpha Group International plc has announced its total voting rights as 42,452,107, following the FCA’s Disclosure Guidance and Transparency Rule. This information is crucial for shareholders to determine their interest in the company. The announcement underscores Alpha’s commitment to transparency and regulatory compliance, which is vital for maintaining trust with stakeholders and supporting its growth trajectory in the financial solutions industry.

Stock Buyback
Alpha Group Executes Share Buyback, Adjusts Voting Rights
Neutral
Apr 1, 2025

Alpha Group International plc has executed a share buyback, purchasing 15,500 ordinary shares as part of its ongoing Buyback Programme. This transaction, conducted through Panmure Liberum Limited, results in a total of 42,452,107 voting rights for shareholders, impacting the company’s share structure and potentially influencing stakeholder decisions.

Stock Buyback
Alpha Group Executes Share Buyback Program
Neutral
Mar 31, 2025

Alpha Group International plc has executed a share buyback program, purchasing 10,000 of its ordinary shares at a volume-weighted average price of 2,275 pence per share. The repurchased shares will be held in treasury, reducing the number of shares in issue to 41,876,931, which impacts the total voting rights and may affect shareholder notifications under FCA rules.

Delistings and Listing ChangesBusiness Operations and Strategy
Alpha Group Announces Share Vesting and Equity Issue
Neutral
Mar 20, 2025

Alpha Group International plc has announced the vesting of awards over 590,676 ordinary shares under various share schemes, including the D, E, F, J, L, and B Share Schemes. To satisfy these awards, the company will transfer 340,676 shares from treasury and issue 250,000 new shares, which will be admitted to trading on the Main Market around March 25, 2025. This move will adjust the company’s issued share capital to 42,477,607 shares, impacting shareholder calculations under FCA rules. Notably, awards were vested to key executives, including CFO Tim Powell and CRO Tim Butters, highlighting the company’s commitment to rewarding its leadership.

Stock BuybackBusiness Operations and Strategy
Alpha Group Executes Strategic Share Buyback
Positive
Mar 20, 2025

Alpha Group International plc has executed a share buyback, purchasing 26,000 ordinary shares as part of its ongoing Buyback Programme. The repurchased shares will be held in treasury, impacting the total voting rights available to shareholders, which now stand at 41,886,931. This move is part of Alpha’s strategic financial management, potentially enhancing shareholder value and reflecting confidence in the company’s future performance.

Stock BuybackBusiness Operations and Strategy
Alpha Group Executes Share Buyback to Enhance Shareholder Value
Positive
Mar 19, 2025

Alpha Group International plc has executed a share buyback program, purchasing 16,681 of its ordinary shares at prices ranging from 2,420 to 2,490 pence, with a volume-weighted average price of 2,471 pence. This move is part of their ongoing strategy to manage share capital and enhance shareholder value, with the repurchased shares held in treasury, affecting the total voting rights and share calculations for stakeholders.

Executive/Board ChangesM&A TransactionsBusiness Operations and StrategyFinancial Disclosures
Alpha Group International Reports Strong 2024 Financial Results and Strategic Growth
Positive
Mar 19, 2025

Alpha Group International plc reported a strong financial performance for the year ended 31 December 2024, with a 23% increase in group revenue to £135.6m and a 6% rise in profit before tax to £123.1m. The company, which recently joined the FTSE 250 index, has seen significant growth across its divisions, particularly in the Private Markets and Corporate sectors. The acquisition of Cobase has also contributed to revenue growth. Strategic changes, including a new CEO and a focus on innovation and diversification, position Alpha for continued success in 2025 and beyond, with promising potential in overseas markets.

Stock BuybackBusiness Operations and Strategy
Alpha Group Executes Share Buyback to Enhance Capital Management
Neutral
Mar 18, 2025

Alpha Group International plc has executed a share buyback, purchasing 7,000 of its ordinary shares as part of its ongoing Buyback Programme. This move, conducted through Panmure Liberum Limited, will see the shares held in treasury, affecting the total voting rights and share calculations for stakeholders. The buyback is part of Alpha’s strategy to manage its share capital effectively, potentially impacting shareholder value and market perception.

Stock BuybackBusiness Operations and Strategy
Alpha Group Executes Share Buyback to Enhance Capital Structure
Positive
Mar 17, 2025

Alpha Group International plc announced the purchase of 11,500 of its own ordinary shares as part of a share buyback programme. The shares were bought at prices ranging from 2,400 to 2,440 pence and will be held in treasury, reducing the number of shares in issue to 41,936,612. This move is part of Alpha’s strategy to manage its capital structure and potentially increase shareholder value.

Stock BuybackRegulatory Filings and Compliance
Alpha Group Executes Share Buyback, Adjusts Voting Rights
Neutral
Mar 14, 2025

Alpha Group International plc announced the purchase of 20,000 of its ordinary shares as part of its share buyback programme, with prices ranging from 2,425 to 2,440 pence per share. This transaction reduces the number of shares in issue to 41,948,112, impacting the company’s total voting rights and potentially affecting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.

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.