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Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A (ATRUST) Fair Value & Analysis

Financial Services · GR · Market cap €62.3M

AT Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A ATRUST · AT
Price€19.85
Fair Value€2.94
Upside-85.2%
Quality68/100
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Evidence: Medium Range €2.21 – €3.68

Fair value as of: Jun 26, 2026

From 24 valuation models · updated 7 days ago

Fair value updated Jun 26, 2026 — revised from €1.90 to €2.94 (+54.7%) since Jun 24, 2026. Share price +1.3% over the past month.

Price vs Fair Value (12 months)

€19.95 €8.12 Fair Value €2.94 Jun 2025 Jul 2026

12‑month range €8.12 – €19.95 · fair‑value band €2.21 – €3.68 · the €19.85 price screens above the €2.94 fair value. As of Jun 26, 2026.

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Analysis

Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A (ATRUST) currently trades at €19.85, while our model-based Fair Value estimate is €2.94 — implying the stock looks roughly 85.2% overvalued today. We read business quality at 68/100 (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: medium).

Over the trailing twelve months, Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A generated revenue of €13.3M at a net margin of 35.0%. Revenue grew 68.3% year over year. It earns a return on equity of 51.4%. The stock trades on a trailing P/E of 61.0. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) €13.3M
Revenue growth (YoY) +68.3%
Net margin 35.0%
Return on equity 51.4%
P/E ratio 61.0
Operating margin 52.7%
More key figures
EPS (TTM) €0.3280
EPS growth (YoY) +230%

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A. is a publicly owned investment manager. The firm primarily provides its services to private and institutional investors. It also manages accounts for corporate, ultra high net worth individuals, insurance companies, and pension funds. The firm offers client focused equity, fixed income, and balanced portfolios. It also launches and manages equity, fixed income, and balanced mutual funds and hedge funds for its clients. The firm invests in the public equity, fixed income, and alternative markets across the globe with a focus on Greece. It employs quantitative and qualitative fundamental analysis to make its investments. Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A. was founded in 1987 and is based in Kifissia, Greece.

Revenue & earnings trend

FY2018 – FY2022 · reported fiscal years

Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A reported revenue of €7.0M in FY2022 versus €6.5M in FY2018, a compound +1.9%/yr. Reported net income was €589K in FY2022, compounding −11.0%/yr from FY2018.

Revenue +1.9%/yr
FY18 €6.5M
FY19 €8.1M
FY20 €6.5M
FY21 €9.8M
FY22 €7.0M
Net income −11.0%/yr
FY18 €939K
FY19 €1.6M
FY20 €1.0M
FY21 €3.1M
FY22 €589K

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Frequently asked questions

Is Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A (ATRUST) undervalued?
As of Jun 26, 2026, our model estimates a fair value of €2.94 versus a price of €19.85 — about −85% (overvalued). Model-based estimate, not financial advice.
What is the fair value of ATRUST?
Our model-based fair value for Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A is €2.94 (as of Jun 26, 2026), built from audited fundamentals. The current price is €19.85.
What is the quality score of ATRUST?
Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A has a Quality Score of 68/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A (ATRUST)?
Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A reported trailing-twelve-month revenue of about €13.3M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of ATRUST?
The net profit margin of Alpha Trust Mutual Fund and Alternative Investment Fund Management S.A is about 35.0%, meaning it keeps roughly 35.0% of revenue as net income. Based on the latest reported figures.

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.