Added to YB: 2024-03-29
Pitch date: 2024-03-29
ALLFG.AS [bullish]
Allfunds Group plc
+55.65%
current return
Author Info
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Company Info
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.
Market Cap
EUR 5.4B
Pitch Price
EUR 6.27
Price Target
10.00 (+3%)
Dividend
2.21%
EV/EBITDA
6.53
P/E
132.04
EV/Sales
3.89
Sector
Capital Markets
Category
special_situation
ALLFUNDS – A TAKEOVER TARGET IN WEALTH TECH
ALLFG.AS: Allfunds, a EUR 4bn wealth tech platform, connects fund managers & distributors. Despite complex model, it's an attractive takeover target due to asset-light biz, near 100% client retention, strong balance sheet. Euronext bid EUR 8.75 in 2023, but stock now at EUR 6.60. Mgmt aligned w/ shareholders, focused on maximizing price. Asymmetric opportunity: limited downside, 50%+ upside potential. Bid likely from PE or exchanges.
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