Earnings Alerts

Allfunds Group (ALLFG) Earnings: Significant 15% Growth in Assets Under Administration to €1.52 Trillion

By October 23, 2024 No Comments
  • Allfunds’ assets under administration have reached €1.52 trillion, marking a 15% increase compared to the previous year.
  • During the third quarter, Allfunds recorded inflows of €23 billion.
  • Existing clients have contributed approximately €10 billion to mutual funds in the third quarter, with over €18 billion invested year-to-date.
  • New clients have injected about €18 billion in the quarter and €30 billion year-to-date, aligning with expectations for client migrations.
  • For 2024, new client migration plans are progressing as expected according to provided guidance.
  • Analyst ratings consist of 15 buys, 1 hold, and no sell recommendations.

Allfunds Group on Smartkarma

Analyst coverage of Allfunds Group on Smartkarma reveals a bullish sentiment in the research report titled “Misunderstood Takeover Target” by Jesus Rodriguez Aguilar. The report highlights Allfunds Group, a global WealthTech firm from Spain, as attracting market interest with its top shareholders open to selling at the right price. Despite facing challenges such as a negative total return of -59% due to various factors like interest rate hikes and stock overhang, Allfunds Group‘s strong business model, market share gains, and robust cash conversion are undervalued based on its forward P/E of 12.9x and 9.5% FCF yield compared to peers at 18.6x.


A look at Allfunds Group Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth4
Resilience5
Momentum4
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to the Smartkarma Smart Scores, Allfunds Group has a positive long-term outlook, with strong scores in Growth, Resilience, and Momentum. This indicates that the company is positioned well for future expansion and is able to weather market fluctuations effectively. With a solid Growth score of 4, Allfunds Group shows promising potential for increasing its market share and profitability over time.

Allfunds Group, operating as a wealthtech company, has a Value score of 3 and a Dividend score of 2, suggesting that its focus may not be primarily on providing high dividends to investors. However, its strong Resilience score of 5 indicates that the company is well-equipped to withstand economic challenges and continue to deliver value to its customers globally. Additionally, a Momentum score of 4 implies that Allfunds Group is gaining traction and making strategic moves to drive its business forward in a dynamic market environment.

#### Summary: Allfunds Group plc operates as a wealthtech company, offering a range of financial services to customers worldwide, including data and analytics, portfolio tools, research, and regulatory services. ####


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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