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Allfunds Group plc
(ALLFG)
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Rating:56Neutral
Price Target:
€9.00
▲(3.69% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by mixed financial performance: improved 2025 operating metrics and a conservative latest-year balance sheet are offset by weak net profitability and highly volatile free cash flow. Technicals are supportive with price above major moving averages and positive MACD, but elevated stochastic suggests some near-term froth. Valuation is the main headwind due to the very high P/E, only partially mitigated by a modest dividend yield.
Positive Factors
Two-sided network effects
Allfunds’ open-architecture platform connects large numbers of distributors and asset managers, creating network effects that drive recurring asset- and activity-linked fees. These structural benefits increase client retention, enable cross-sell of tech/data services, and scale revenue as assets grow.
Negative Factors
Very weak net profitability
Despite healthy operating margins, near-zero net income implies material non-operating charges, tax/interest items, or one-offs that erode shareholder returns. Persistently low net profitability limits capacity to return capital and questions durability of earnings conversion to bottom-line value.
Read all positive and negative factors
Positive Factors
Negative Factors
Two-sided network effects
Allfunds’ open-architecture platform connects large numbers of distributors and asset managers, creating network effects that drive recurring asset- and activity-linked fees. These structural benefits increase client retention, enable cross-sell of tech/data services, and scale revenue as assets grow.
Read all positive factors
Allfunds Group plc (ALLFG) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€5.29B
Dividend Yield2.27%
Average Volume (3M)757.67K
Price to Earnings (P/E)123.1
Beta (1Y)0.91
Revenue Growth0.52%
EPS GrowthN/A
CountryNL
Employees1,149
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.07
Shares Outstanding601,548,700
10 Day Avg. Volume505,570
30 Day Avg. Volume757,670
Financial Highlights & Ratios
PEG Ratio-20.36
Price to Book (P/B)2.57
Price to Sales (P/S)7.83
P/FCF Ratio43.39
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.43
Revenue Forecast (FY)€685.98M
Allfunds Group plc Business Overview & Revenue Model
Company Description
Allfunds Group plc functions as a business-to-business (B2B) WealthTech provider, establishing connections between investment fund managers and distribution networks across the United Kingdom and globally. The company operates a pivotal open-archi...
How the Company Makes Money
Allfunds primarily makes money by charging fees linked to assets and activity processed on its platform, as well as by selling technology and data services.
1) Platform/distribution fees (asset-based): A core revenue stream is fees earned for ena...
Allfunds Group plc Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
62
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 682.83M | 621.90M | 555.54M | 491.88M | 2.74B | 2.67B |
| Gross Profit | 456.85M | 452.70M | 420.14M | -1.94B | 427.24M | 411.64M |
| EBITDA | 289.24M | 256.60M | 136.16M | 315.03M | 276.68M | 256.03M |
| Net Income | 40.74M | 2.35M | -168.51M | 85.71M | 49.18M | 107.73M |
Balance Sheet | ||||||
| Total Assets | 5.52B | 5.35B | 5.07B | 5.57B | 5.13B | 5.55B |
| Cash, Cash Equivalents and Short-Term Investments | 2.82B | 2.56B | 2.74B | 2.27B | 1.79B | 2.25B |
| Total Debt | 14.50M | 2.99B | 2.62B | 390.49M | 406.82M | 69.84M |
| Total Liabilities | 3.65B | 3.45B | 3.03B | 3.22B | 2.77B | 3.22B |
| Stockholders Equity | 1.86B | 1.90B | 2.05B | 2.35B | 2.35B | 2.32B |
Cash Flow | ||||||
| Free Cash Flow | -1.06B | 112.28M | 626.68M | 563.35M | -347.21M | 479.04M |
| Operating Cash Flow | -1.05B | 228.10M | 735.66M | 643.01M | -307.49M | 502.55M |
| Investing Cash Flow | -60.23M | -115.82M | -108.97M | -216.84M | -166.78M | -23.51M |
| Financing Cash Flow | -192.09M | -187.67M | -99.05M | 66.19M | -92.81M | -137.07M |
Allfunds Group plc Technical Analysis
Positive
8.68
Price Trends
8.62
Positive
8.54
Positive
8.07
Positive
Market Momentum
0.06
Negative
55.00
Neutral
72.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:ALLFG, the sentiment is Positive. The current price of 8.68 is below the 20-day moving average (MA) of 8.75, above the 50-day MA of 8.62, and above the 200-day MA of 8.07, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 55.00 is Neutral, neither overbought nor oversold. The STOCH value of 72.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:ALLFG.
Allfunds Group plc Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | €16.00B | 12.40 | ― | 3.32% | 13.61% | 28.51% | |
73 Outperform | €2.79B | 18.84 | 12.31% | 5.89% | -0.08% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | €12.18B | 13.27 | 11.63% | 4.96% | 26.07% | 45.09% | |
64 Neutral | €1.18B | 10.89 | 2.35% | ― | -3.62% | -27.97% | |
61 Neutral | €14.00B | 28.73 | 6.31% | 4.87% | 29.96% | -44.65% | |
56 Neutral | €5.29B | 123.11 | 0.12% | 2.30% | 0.52% | ― |
* Financial Sector Average
NL:ALLFG
Allfunds Group plc
8.82
2.86
47.98%
NL:AGN
Aegon NV
8.23
2.12
34.72%
NL:ASRNL
ASR Nederland N.V
70.68
12.56
21.61%
NL:VLK
Van Lanschot N.V.
65.95
10.61
19.17%
NL:FLOW
Flow Traders
27.56
3.08
12.58%
NL:CVC
CVC Capital Partners plc
15.62
-1.19
-7.05%
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.