Aquis Exchange Plc (AQX) AI Stock Analysis

• Market Cap: $189.25M
• Dividend Yield: N/A
• Average Volume (3M): 39.88K
• Price to Earnings (P/E): 37.7
• Beta (1Y): 0.03
• Revenue Growth: 0.26%
• EPS Growth: -147.90%
• Country: UK
• Employees: 84
• Sector: Financial
• Sector Strength: 75
• Industry: Financial - Data & Stock Exchanges
• EPS (TTM): -0.12
• Shares Outstanding: 27,534,780
• 10 Day Avg. Volume: 512
• 30 Day Avg. Volume: 39,879
• PEG Ratio: 0.00
• Price to Book (P/B): 4.47
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 41.77
• 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: N/A
• Number of Analyst Covering: 0

• Rating: 71 Outperform
• Price Target: $801.00 ▲(10.48%Upside)

Aquis Exchange Plc receives a balanced score of 71, driven by strong corporate developments and financial growth. However, the valuation is impacted by recent profitability issues. The acquisition by SIX and overall market positioning offer a positive outlook, tempered by the need for improved profitability.

Aquis Exchange Plc Business Overview & Revenue Model

Company Description

Aquis Exchange Plc (AQX) is a UK-based company that operates a pan-European cash equities trading venue. It is known for its innovative subscription-based pricing model and operates through various subsidiaries, offering exchange services, data services, and technology solutions. Aquis Exchange aims to provide a more transparent, fair, and efficient trading environment, leveraging its technology-driven platforms to serve a broad range of financial institutions.

How the Company Makes Money

Aquis Exchange Plc generates revenue primarily through its subscription-based pricing model, which charges clients a fixed monthly fee rather than traditional per-transaction fees. This model encourages higher trading volumes by reducing marginal costs for clients, thereby increasing overall liquidity on the platform. Additionally, Aquis Exchange earns money from providing market data services and licensing its proprietary trading technology to other exchanges and financial institutions. Key partnerships with financial institutions and technology providers further enhance its revenue streams by expanding market reach and service offerings.

Aquis Exchange Plc Financial Statement Overview

Summary

Aquis Exchange Plc demonstrates strong revenue growth and solid management of debt, contributing to a robust financial position. However, recent profitability challenges, as evidenced by the negative net income in 2024, highlight areas for improvement in cost control and operational efficiency.

Income Statement

Aquis Exchange Plc has shown a consistent increase in revenue over the years, with the revenue growing from £6.89 million in 2019 to £23.77 million in 2024. The gross profit margin increased from 23.4% in 2019 to 57.2% in 2024, indicating improved cost management. However, the net profit margin turned negative in 2024, primarily due to a significant drop in net income, which suggests potential cost control issues or one-time expenses.

Balance Sheet

The company maintains a strong equity base with the stockholders' equity consistently growing, reaching £25.8 million in 2024. The debt-to-equity ratio remains low, indicating prudent leverage management. However, the equity ratio has slightly decreased over time, which might suggest increased reliance on liabilities compared to assets.

Cash Flow

Operating cash flow has remained positive and relatively stable over the years, suggesting solid operational efficiency. The free cash flow to net income ratio has fluctuated, reflecting variability in capital expenditures and net income. Despite a dip in free cash flow growth in 2024, the company's cash position remains strong.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	23.77M	23.71M	19.93M	17.18M	11.48M
Gross Profit	13.59M	7.31M	5.69M	5.62M	1.62M
EBITDA	-481.39K	6.37M	5.93M	4.28M	1.53M
Net Income	-2.46M	5.20M	4.68M	4.65M	981.73K
Balance Sheet
Total Assets	33.28M	35.30M	30.52M	26.84M	18.81M
Cash, Cash Equivalents and Short-Term Investments	13.70M	14.77M	14.17M	14.05M	12.27M
Total Debt	2.55M	2.98M	3.40M	3.63M	1.19M
Total Liabilities	7.47M	6.93M	7.14M	7.21M	3.81M
Stockholders Equity	25.81M	28.38M	23.38M	19.63M	15.01M
Cash Flow
Free Cash Flow	392.78K	2.61M	2.50M	2.46M	1.66M
Operating Cash Flow	2.53M	4.10M	4.05M	3.13M	2.42M
Investing Cash Flow	-2.27M	-1.70M	-1.55M	-670.41K	-1.02M
Financing Cash Flow	-1.76M	-1.69M	-2.24M	-760.29K	-141.18K

Aquis Exchange Plc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 725.00
• 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:AQX, the sentiment is Positive. The current price of 725 is above the 20-day moving average (MA) of 723.63, above the 50-day MA of 720.30, and above the 200-day MA of 639.84, indicating a bullish trend. The MACD of 1.65 indicates Positive momentum. The RSI at 62.34 is Neutral, neither overbought nor oversold. The STOCH value of 20.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:AQX.

Aquis Exchange Plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IGG	77 Outperform	£3.69B	10.94	19.85%	2.61%	6.34%	30.64%
OSB	77 Outperform	£2.05B	7.22	13.70%	6.06%	18.67%	17.42%
CMCX	77 Outperform	£669.86M	10.69	15.14%	6.92%	-0.07%	34.54%
LSEG	74 Outperform	£57.08B	84.23	2.93%	1.21%	6.19%	-13.58%
PLUS	74 Outperform	£2.37B	11.98	40.24%	5.84%	2.95%	9.84%
AQX	71 Outperform	$189.25M	37.67	-9.09%	―	0.26%	-147.90%
Sector *	64 Neutral	$6.54B	11.13	7.19%	5.10%	23.85%	5.18%

Aquis Exchange Plc Corporate Events

SIX Completes Acquisition of Aquis to Bolster European Exchange Presence

SIX has completed its acquisition of Aquis Exchange, enhancing its position as a leading pan-European exchange with a 15% market share and access to 16 capital markets. This acquisition aims to strengthen SIX’s European trading capabilities, offering new growth opportunities and a seamless trading experience across multiple venues. Aquis will continue to operate under its brand and management, contributing its innovative technology to SIX’s operations, thus shaping the future of the European exchange landscape.

The most recent analyst rating on (GB:AQX) stock is a Buy with a £960.00 price target. To see the full list of analyst forecasts on Aquis Exchange Plc stock, see the GB:AQX Stock Forecast page.

Aquis Exchange PLC Seeks Block Listing for 3 Million New Shares

Aquis Exchange PLC has applied for a block listing of 3,000,000 new ordinary shares on the London Stock Exchange and Aquis Growth Market. This move is intended to facilitate option exercises and share awards under various Aquis Exchange share option plans. The new shares will be fully paid and will rank equally with existing shares, with admission expected on 27 June 2025. This development reflects Aquis’s ongoing efforts to enhance its market operations and provide value to stakeholders through strategic financial maneuvers.

The most recent analyst rating on (GB:AQX) stock is a Buy with a £960.00 price target. To see the full list of analyst forecasts on Aquis Exchange Plc stock, see the GB:AQX Stock Forecast page.

Aquis Exchange PLC Acquisition by SIX Exchange Group Nears Completion

Aquis Exchange PLC has announced that all necessary antitrust and regulatory conditions have been satisfied for its acquisition by SIX Exchange Group AG. The acquisition, structured as a scheme of arrangement, is expected to be completed by July 1, 2025, pending final court approval. This acquisition marks a significant step for Aquis, potentially enhancing its market positioning and operational capabilities within the financial services sector. Stakeholders can expect the suspension of Aquis shares trading on AIM and the Aquis Stock Exchange starting July 1, 2025, with trading admissions being canceled by July 2, 2025.

The most recent analyst rating on (GB:AQX) stock is a Buy with a £960.00 price target. To see the full list of analyst forecasts on Aquis Exchange Plc stock, see the GB:AQX Stock Forecast page.

Aquis Exchange PLC Successfully Passes All AGM Resolutions

Aquis Exchange PLC announced that all resolutions were successfully passed at its recent Annual General Meeting. This development underscores the company’s stable governance and may bolster its position in the financial markets, potentially impacting stakeholders positively by reinforcing confidence in its strategic direction.

The most recent analyst rating on (GB:AQX) stock is a Buy with a £960.00 price target. To see the full list of analyst forecasts on Aquis Exchange Plc stock, see the GB:AQX Stock Forecast page.

Aquis Exchange PLC Issues Share Options to Executive Directors

Aquis Exchange PLC has announced the issuance of 61,000 share options to its executive directors under a restricted share plan, with options granted to CEO David Stevens and CFO/COO Richard Fisher. These options, exercisable at a nominal value of 10p, will vest in three years with a two-year holding period, reflecting the company’s commitment to aligning executive incentives with long-term performance. This move is part of Aquis’s broader strategy to strengthen its leadership team and enhance its market position, potentially impacting stakeholders by reinforcing confidence in the company’s governance and future growth prospects.

Aquis Exchange PLC Publishes Annual Report and Announces AGM

Aquis Exchange PLC has published its Annual Report and Accounts for the year ending December 31, 2024, and announced its upcoming Annual General Meeting (AGM) scheduled for May 19, 2025, in London. Shareholders are encouraged to attend in person or vote by proxy and can submit questions in advance. This announcement underscores Aquis’s commitment to shareholder engagement and transparency, potentially strengthening its market position and stakeholder relations.

Aquis Exchange Reports 2024 Results Amid Acquisition by SIX Exchange Group

Aquis Exchange PLC reported its financial results for 2024, showing a slight increase in gross revenue despite economic challenges. The company achieved key strategic milestones across its divisions, with growth in market share and data revenues, although net revenue and profit before tax declined. Aquis is set to be acquired by SIX Exchange Group AG, with the transaction expected to complete in Q2 2025, pending regulatory approvals. The acquisition is anticipated to accelerate Aquis’ development and enhance its market position.