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Allfunds Group (ALLFG) Fair Value & Analysis

Financial Services · NL · Market cap €5.3B

AG Allfunds Group ALLFG · AS
Price€8.79
Fair Value€2.38
Upside-72.9%
Quality65/100
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Weak Growth
Thin margins · 0.4% net margin
Low debt · generates free cash flow
2.29% dividend yield
Trails peers (3/14)
Narrow moat 43/100
Evidence: High Range €1.19 – €2.38 Share as image

Fair value as of: Aug 7, 2026

From 26 valuation models · updated today

Fair value updated Aug 7, 2026, revised from €0.0700 to €2.38 (+3,300.0%) since Jul 18, 2026. Share price +1.2% over the past month.

A solid business, but screening 73% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€2.38). The favourable scenario is already priced in.
  • Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (€1.19 to €2.38) leaves room in how you read the outcome.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

€17.49 €4.26 Fair Value €2.38 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 7, 2026.

How to read this chart

60‑month range €4.26 – €17.49 · fair‑value band €1.19 – €2.38 · the €8.79 price screens above the €2.38 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 7, 2026.

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Analysis

Allfunds Group (ALLFG) currently trades at €8.79, while our model-based Fair Value estimate is €2.38, implying the stock looks roughly 72.9% overvalued today. We read business quality at 65/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Allfunds Group generated revenue of €651M at a net margin of 0.4%. Revenue declined 4.9% year over year. It earns a return on equity of 0.1%. Net debt stands at €442M. Fundamentals as of Aug 7, 2026

Our scenario range runs from €1.19 (bear case) to €2.38 (bull case); at €8.79, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 65% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -12% fair-value upside, at -73%, ALLFG screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF €150.73 €182.47 €230.07 80
Residual Income €55.27 €50.77 €33.06 76
Rev-Margin DCF €144.12 €174.53 €210.50 74
All 26 models by family
DCF Models
FCF DCF €150.20 €183.00 €232.71 38
Owner Earnings €122.17 €138.57 €163.16 31
5Y Revenue Exit €144.12 €174.53 €213.67 39
5Y EBITDA Exit €219.75 €319.98 €440.56 41
5Y P/E Exit €115.30 €118.74 €121.91 38
10Y Revenue Exit €144.39 €172.68 €211.56 36
10Y EBITDA Exit €193.57 €272.91 €385.30 37
10Y P/E Exit €127.46 €134.07 €141.21 35
Earnings-Based
Graham-Dodd €0.7933 €2.38 €3.17 54
Lynch FV €0.5289 €0.7933 €1.06 50
PEG = 1.0 €0.5289 €0.7933 €1.06 46
EPV €170.04 €181.94 €192.25 59
Dividend Discount
Gordon GGM €31.20 €61.88 €93.88 70
DDM Multi-Stage €31.20 €53.42 €65.32 61
Multiples
P/E Multiple €1.59 €2.12 €2.64 63
P/S Multiple €1.32 €1.85 €2.12 58
P/B Multiple €1.32 €1.85 €2.12 55
EV/EBIT €245.67 €295.91 €346.42 53
EV/EBITDA €276.61 €337.43 €397.99 54
EV/Revenue €142.80 €163.43 €184.05 43
Asset-Based
NCAV (Graham) €42.05 €56.33 €83.83 50
Growth DCF
Growth DCF €150.73 €182.47 €230.07 80
Rev-Margin DCF €144.12 €174.53 €210.50 74
Economic Profit
Residual Income €55.27 €50.77 €33.06 76
ROIC Compounder €170.04 €181.94 €192.25 72
Growth Earnings
Growth-Adj P/E €1.06 €1.59 €2.12 68

Widest divergence: Growth DCF (€174.53) versus Earnings-Based (€0.7933). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €651M
Revenue growth (YoY) -4.9%
Net margin 0.4%
Return on equity 0.1%
Free cash flow €112M FY2025
Operating margin 40.4%
More key figures
Dividend yield 2.3%
EPS growth (YoY) +40.9%
Net debt €442M FY2025

Figures from reported company fundamentals · as of Aug 7, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 60 · Market factors (momentum, volatility) 73

Profitability 13
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 64
Price trend over the last 3–12 months (market factor)
52W Momentum 93
Distance to the 52-week high (market factor)
Net Issuance 92
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Allfunds Group 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.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€622M
Latest YoY
+11.9%
Avg. growth/yr (3Y)
−39.0%
Avg. growth/yr (5Y)
−17.1%
Avg. growth/yr (8Y)
+18.9%
Revenue −30.5%/yr
FY21 €2.7B
FY22 €2.7B
FY23 €492M
FY24 €556M
FY25 €622M
Net income −61.8%/yr
FY21 €108M
FY22 €49.2M
FY23 €85.7M
FY24 −€169M
FY25 €2.3M

ALLFG screens 73% overvalued. Compare with Fondul Proprietatea SA →

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Cite: Fair Value Calculator (2026). "Allfunds Group Fair Value". https://www.fairvalue-calculator.com/stock/ALLFG

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Asset Management · 973 stocks

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.

Quality Score 66 · Above median
Fair Value upside −73% · Bottom 25%
Return on equity (TTM) 0% · Below median
Return on assets 3% · Above median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 40% · Below median
Revenue growth -5% · Below median
Dividend yield (TTM) 2.3% · Below median
Debt / equity 0.22× · Higher than median

Valuation Multiples vs Asset Management median · lower = cheaper

P/B 3.22× · Pricier than 75% of peers
P/S (TTM) 9.38× · Pricier than median
P/FCF 54.4× · Pricier than 75% of peers
EV/EBITDA 10.7× · Pricier than median
PEG 0.50× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 37
FUTURE 0 · sector 6
PAST 0 · sector 26
HEALTH 89 · sector 95
DIVIDEND 46 · sector 70

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 7, 2026).

Stock Price Fair Value vs Fair Value
Fondul Proprietatea SA FP $0.0420 $0.0800 +90%
BlackRock, Inc BLK $1,036 $504.81 -51%
Blackstone Inc BX $124.56 $16.35 -87%
Investor AB INVEB kr 394.40 kr 788.80 +100%
Brookfield Corporation BN C$62.45 C$10.12 -84%
KKR & Co KKR $100.94 $44.88 -56%
AB Industrivärden INDUA kr 532.50 kr 1,065 +100%
Jio Financial Services Limited JIOFIN ₹242.98 ₹40.19 -83%
Hedef Holding HEDEF 267.25 TRY 320.98 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹10,398 ₹9,202 -12%

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Frequently asked questions

Is Allfunds Group (ALLFG) overvalued or undervalued?
As of Aug 7, 2026, our model estimates a fair value of €2.38 versus a price of €8.79, about −73% (overvalued).
What is the fair value of ALLFG?
Our model-based fair value for Allfunds Group is €2.38 (as of Aug 7, 2026), built from audited fundamentals. The current price is €8.79.
What is the quality score of ALLFG?
Allfunds Group has a Quality Score of 65/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Allfunds Group (ALLFG)?
Allfunds Group reported trailing-twelve-month revenue of about €651M (latest available figure, as of Aug 7, 2026).
What is the net profit margin of ALLFG?
The net profit margin of Allfunds Group is about 0.4%, meaning it keeps roughly 0.4% of revenue as net income. Based on the latest reported figures.
Does Allfunds Group pay a dividend?
Allfunds Group currently shows a dividend yield of about 2.34% relative to its recent price (as of Aug 7, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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