Allfunds Group Ltd (ALLFG) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Allfunds Group Ltd stock €1.94, price €10.02, that is 80.6% below the price, quality 62 out of 100. Rating: strongly overvalued. Calculated from audited financials with 11 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 1, 2026.
How to read this chart
60‑month range €4.26 – €17.49 · fair‑value band €1.82 – €2.09 · the €10.02 price screens above the €1.94 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 1, 2026.
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Allfunds Group plc, together with its subsidiaries, operates as a B2B WealthTech company that connects fund houses and distributors in the United Kingdom and internationally. It operates through two segments, Net Platform, and Net Subscription and Other Revenues.
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The company offers Connect, an Allfunds professional workstation; and Nextportfolio, a portfolio management system; and end-investor platform for wealth management needs of asset managers, banks, wealth managers, and insurance companies.
It also provides ESG solutions, such as ESG scoring, reporting, portfolio advisory and construction, audit and certification, analysis, investment proposal generator, reporting generator, and monitoring; model portfolio advisory, bespoke reporting, private assets, audit and certification, fund selection, and regulatory implementation services; and Sustainability Navigator, a tool for constructing sustainable investment portfolios in line with SFDR regulation.
In addition, the company offers regulatory reporting corner, a specialized platform to provide fund registration, regulatory reporting, and distribution, as well as generate fund regulatory reporting.
Further, it provides investment solutions for Distributors and Fund Houses, including Management Company (ManCo) white label services in connection with the creation and distribution of UCITs funds; White Label Fund Hosting Platform that provides supports mutual funds and ETFs; Allfunds Navigator which provides market insights and identify opportunities; and Allfunds Blockchain solutions.
The company serves private bank, insurance, asset management, bank, custodian, and other customers. The company was founded in 2000 and is based in London, the United Kingdom.
Stock analysis
Allfunds Group Ltd (ALLFG) currently trades at €10.02, while our model-based Fair Value estimate is €1.94, 81% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of €5.44 per share, and 0 of the 11 models we run sit above the €10.02 price.
Bear case: the Dividend Discount group reads lowest at €1.29, and 11 of the 11 models stay below the price. Data coverage for this calculation is low.
Scenario range: €1.82 (bear) to €2.09 (bull), the price of €10.02 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Allfunds Group Ltd reported revenue of €622M in FY2025 versus €2.7B in FY2021, a compound −30.5%/yr. Reported net income was €2.3M in FY2025, compounding −61.8%/yr from FY2021.
Key figures
Market cap €6.0B Mid · P/E ratio 143.1 · P/S ratio 8.93 · EPS (TTM) €0.0700 · Dividend yield 2.0% · Net margin 6.1% · Return on equity 2.2% · Return on assets (EBIT) 2.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 64% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at −81%, ALLFG screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (€0.0300 to €5.93). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear€1.82Fair Value €1.94Bull€2.09
Price €10.02 · Downside -80.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+11.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−39.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−17.1%
Start year 2020 (pandemic)
Revenue growth 8 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−51.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−53.3%
Dividend (yield on the price)2.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.1% → 41%
⚠ Revenue per share shrinking 13.1%/yr over ~6Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+28.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+9.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +26.0% a year for the price and +6.7% for the forecasts.
AI conclusion: Strong platform growth with record assets under administration forms the main strength, while very low net margins and ROE represent the key weakness of limited profitability and moat.
Main risk: Rising operating costs from technology investments in the competitive wealth tech space would hit margins and limit any distribution moat expansion.
Allfunds is expanding its data and AI capabilities through a new strategic partnership with Google Cloud. Record assets under administration reflect strong platform growth, but our models currently see the shares as overvalued. Will these technology investments widen its distribution moat or mainly raise operating costs in a competitive wealth tech space?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 593 stocks
Beats the industry median on 1/15 measures
Overall it trails its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside−80.6% · Bottom 25%
Profitability
Return on equity (12 months)2.2% · Below median
Return on assets0.0% · Bottom 25%
Net margin (12 months)6.1% · Bottom 25%
Operating margin (12 months)42.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)6.5% · Below median
Dividend yield (12 months)2.0% · Below median
Balance sheet
Debt / equity0.22× · Above median
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (12 months)143.1× · Priciest 25%
P/B3.16× · Priciest 25%
P/S (12 months)8.93× · Priciest 25%
Price / free cash flow53.4× · Priciest 25%
EV/EBITDA9.8× · Pricier than median
PEG1.61× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 59
FUTURE (revenue growth)33· sector 39
PAST (return on equity)9· sector 30
HEALTH (low debt)89· sector 96
DIVIDEND (yield)40· sector 80
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Allfunds Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/ALLFG
Frequently asked questions
Is Allfunds Group Ltd (ALLFG) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of €1.94 versus a price of €10.02, about 81% lower (overvalued).
What is the fair value of ALLFG?
Our model-based fair value for Allfunds Group Ltd is €1.94 (as of Nov 1, 2026), built from audited fundamentals. The current price: €10.02.
What is the quality score of ALLFG?
Allfunds Group Ltd has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Allfunds Group Ltd (ALLFG)?
Our model-based price target is the fair value of €1.94 (as of Nov 1, 2026) from 11 valuation models. Cautious scenario €1.82, optimistic scenario €2.09. It is a calculation from audited fundamentals, not an analyst target.
What is the Allfunds Group Ltd stock forecast for 2026?
Our models put fair value at €1.94, about 81% lower versus a price of €10.02 (overvalued). Cautious scenario €1.82, optimistic scenario €2.09. The calculation is refreshed regularly with new filings.
What is the revenue of Allfunds Group Ltd (ALLFG)?
Allfunds Group Ltd reported trailing-twelve-month revenue of about €672M (latest available figure, as of Nov 1, 2026).
Does Allfunds Group Ltd pay a dividend?
Allfunds Group Ltd currently shows a dividend yield of 2.00% relative to its recent price (as of Nov 1, 2026).
What growth is priced into Allfunds Group Ltd (ALLFG)?
For today's price to be fair in a discounted-cash-flow model, Allfunds Group Ltd would have to grow free cash flow by +28.7 % per year for five years (discount rate 9.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -17.1 % per year. As of Nov 1, 2026.
What discount rate (WACC) does the fair value of ALLFG use?
Our models discount Allfunds Group Ltd at 9.4 %: a base by market capitalisation (mid), damped by beta 0.97, country premium for Netherlands. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Allfunds Group Ltd that is +28.7 % per year a year over ten years, using the same discount rate (9.4 %) and the same formula as our fair value.
How much growth has Allfunds Group Ltd (ALLFG) delivered so far?
Over the past 5 years revenue at Allfunds Group Ltd grew -17.1 % a year. The price currently implies +28.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Allfunds Group Ltd (ALLFG) growing?
The median revenue growth in the sector is +9.4 % a year. That is the yardstick for the growth priced into Allfunds Group Ltd (+28.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Allfunds Group Ltd (ALLFG)?
The free-cash-flow yield on the price is 1.87 %: that much free cash flow Allfunds Group Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Allfunds Group Ltd (ALLFG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Allfunds Group Ltd it is €1.94 per share (as of Nov 1, 2026), against a price of €10.02. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Allfunds Group Ltd stock overvalued or undervalued in 2026?
As of Nov 1, 2026, ALLFG trades above its calculated fair value: price €10.02, fair value €1.94, a gap of about −81% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ALLFG?
No. The price is what the market pays today (€10.02); the fair value is what the company's own numbers justify (€1.94). For Allfunds Group Ltd the two are €8.08 per share apart. That gap is exactly why we show both numbers side by side.
How much is Allfunds Group Ltd worth?
The market values Allfunds Group Ltd at about €6.0B (market capitalisation, as of Nov 1, 2026). Per share that is €10.02; our models calculate a fair value of €1.94 per share.
What do the bullish and bearish scenarios say about ALLFG?
Our models span a range for Allfunds Group Ltd: cautious scenario €1.82, base €1.94, optimistic €2.09 per share (as of Nov 1, 2026, price €10.02). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ALLFG?
Allfunds Group Ltd trades at a price-to-earnings ratio of 143.1 (as of Nov 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €1.94 is built from several models across several years. Other multiples: PEG 1.6, P/B 3.2, P/S 8.9, EV/EBITDA 9.8.
What is the PEG ratio of ALLFG?
The PEG ratio of Allfunds Group Ltd is 1.61 (P/E divided by earnings growth, as of Nov 1, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Allfunds Group Ltd (ALLFG)?
Balance-sheet figures for Allfunds Group Ltd (as of Nov 1, 2026): return on equity 2.2%, debt of 0.22 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is ALLFG from its 52-week high?
Allfunds Group Ltd trades at €10.02, at its 52-week high of €10.02 and 64% above the low of €6.11 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of €1.94 is for.
Which stocks are comparable to Allfunds Group Ltd?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Allfunds Group Ltd stock attractive at the current price?
The data as of Nov 1, 2026: price €10.02, calculated fair value €1.94 (−81%), Quality Score 62/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ALLFG calculated?
We run Allfunds Group Ltd through 11 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €1.94, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Allfunds Group Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Allfunds Group Ltd (ALLFG)?
The closing price on Nov 5, 2026 was €10.02. Our model-based fair value is €1.94, about 81% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Allfunds Group Ltd right now?
The price sits above even our optimistic bull case (€2.09). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (€1.82 to €2.09), unusually little disagreement for a valuation.
Key figures of Allfunds Group Ltd
How large is the market capitalisation of Allfunds Group Ltd (ALLFG)?
The market capitalisation of Allfunds Group Ltd is €6.0B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Allfunds Group Ltd (ALLFG)?
The price-to-sales ratio of Allfunds Group Ltd is 8.93 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Allfunds Group Ltd (ALLFG)?
Earnings per share at Allfunds Group Ltd are €0.0700 (price ÷ EPS = P/E 143.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Allfunds Group Ltd (ALLFG)?
The dividend yield of Allfunds Group Ltd is 2.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Allfunds Group Ltd (ALLFG)?
The net margin of Allfunds Group Ltd is 6.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Allfunds Group Ltd (ALLFG)?
The return on equity (ROE) of Allfunds Group Ltd is 2.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Allfunds Group Ltd (ALLFG)?
On an EBIT basis the return on assets of Allfunds Group Ltd is 2.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Allfunds Group Ltd (ALLFG)?
The operating margin of Allfunds Group Ltd is 42.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Allfunds Group Ltd (ALLFG)?
Revenue at Allfunds Group Ltd is growing +6.5% versus a year earlier (3y avg −39.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Allfunds Group Ltd (ALLFG)?
Earnings per share at Allfunds Group Ltd are growing +91.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Allfunds Group Ltd (ALLFG) carry?
The net debt of Allfunds Group Ltd is €442M (fiscal year 2025, ≈ 3.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 1, 2026