FLOW TRADERS LTD (FLOW.AS)
BMG3602E1084 - Common Stock
We assign a fundamental rating of 4 out of 10 to FLOW. FLOW was compared to 106 industry peers in the Capital Markets industry. There are concerns on the financial health of FLOW while its profitability can be described as average. FLOW is cheap, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year FLOW was profitable.
Each year in the past 5 years FLOW has been profitable.
FLOW had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of FLOW (0.89%) is worse than 61.97% of its industry peers.
FLOW has a Return On Equity of 21.09%. This is amongst the best in the industry. FLOW outperforms 88.73% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.33%, FLOW is in the better half of the industry, outperforming 61.97% of the companies in the same industry.
FLOW had an Average Return On Invested Capital over the past 3 years of 4.06%. This is below the industry average of 6.70%.
The 3 year average ROIC (4.06%) for FLOW is below the current ROIC(4.33%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.89% | ||
| ROE | 21.09% | ||
| ROIC | 4.33% |
ROA(3y)0.82%
ROA(5y)1.73%
ROE(3y)16.57%
ROE(5y)28.9%
ROIC(3y)4.06%
ROIC(5y)7.48%
1.3 Margins
FLOW has a Profit Margin (18.21%) which is in line with its industry peers.
In the last couple of years the Profit Margin of FLOW has declined.
FLOW's Operating Margin of 23.01% is fine compared to the rest of the industry. FLOW outperforms 60.56% of its industry peers.
In the last couple of years the Operating Margin of FLOW has declined.
The Gross Margin of FLOW (44.25%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of FLOW has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.01% | ||
| PM (TTM) | 18.21% | ||
| GM | 44.25% |
OM growth 3Y-44.22%
OM growth 5Y-24.9%
PM growth 3Y-47.22%
PM growth 5Y-27.66%
GM growth 3Y-15.29%
GM growth 5Y-7.13%
2. Health
2.1 Basic Checks
FLOW has more shares outstanding than it did 1 year ago.
The number of shares outstanding for FLOW has been reduced compared to 5 years ago.
Compared to 1 year ago, FLOW has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of -0.25, we must say that FLOW is in the distress zone and has some risk of bankruptcy.
FLOW's Altman-Z score of -0.25 is on the low side compared to the rest of the industry. FLOW is outperformed by 87.32% of its industry peers.
FLOW has a Debt/Equity ratio of 3.45. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 3.45, FLOW is not doing good in the industry: 85.92% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.45 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.25 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
FLOW has a Current Ratio of 0.63. This is a bad value and indicates that FLOW is not financially healthy enough and could expect problems in meeting its short term obligations.
FLOW has a Current ratio of 0.63. This is in the lower half of the industry: FLOW underperforms 74.65% of its industry peers.
FLOW has a Quick Ratio of 0.63. This is a bad value and indicates that FLOW is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.63, FLOW is doing worse than 71.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.63 |
3. Growth
3.1 Past
FLOW shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -16.58%.
The earnings per share for FLOW have been decreasing by -25.25% on average. This is quite bad
Looking at the last year, FLOW shows a very negative growth in Revenue. The Revenue has decreased by -22.32% in the last year.
FLOW shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.55% yearly.
EPS 1Y (TTM)-16.58%
EPS 3Y-57.02%
EPS 5Y-25.25%
EPS Q2Q%422.22%
Revenue 1Y (TTM)-22.32%
Revenue growth 3Y-19.11%
Revenue growth 5Y2.55%
Sales Q2Q%48.25%
3.2 Future
FLOW is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 29.42% yearly.
FLOW is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.39% yearly.
EPS Next Y136.74%
EPS Next 2Y63.17%
EPS Next 3Y47.95%
EPS Next 5Y29.42%
Revenue Next Year-12.71%
Revenue Next 2Y5.88%
Revenue Next 3Y1.75%
Revenue Next 5Y0.39%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 11.39, the valuation of FLOW can be described as very reasonable.
Based on the Price/Earnings ratio, FLOW is valued a bit cheaper than the industry average as 71.83% of the companies are valued more expensively.
FLOW is valuated cheaply when we compare the Price/Earnings ratio to 30.52, which is the current average of the S&P500 Index.
FLOW is valuated reasonably with a Price/Forward Earnings ratio of 8.50.
FLOW's Price/Forward Earnings ratio is rather cheap when compared to the industry. FLOW is cheaper than 88.73% of the companies in the same industry.
FLOW's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.99.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.39 | ||
| Fwd PE | 8.5 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FLOW is valued cheaply inside the industry as 83.10% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 4.71 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
FLOW's earnings are expected to grow with 47.95% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.08
PEG (5Y)N/A
EPS Next 2Y63.17%
EPS Next 3Y47.95%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.49%, FLOW has a reasonable but not impressive dividend return.
FLOW's Dividend Yield is comparable with the industry average which is at 5.31.
FLOW's Dividend Yield is comparable with the S&P500 average which is at 2.26.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.49% |
5.2 History
The dividend of FLOW decreases each year by -8.17%.
Dividend Growth(5Y)-8.17%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
FLOW pays out 10.51% of its income as dividend. This is a sustainable payout ratio.
DP10.51%
EPS Next 2Y63.17%
EPS Next 3Y47.95%
FLOW TRADERS LTD
AMS:FLOW (9/16/2024, 5:29:59 PM)
18.335
+0.03 (+0.14%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap774.63M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.49% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.39 | ||
| Fwd PE | 8.5 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.08
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.89% | ||
| ROE | 21.09% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 23.01% | ||
| PM (TTM) | 18.21% | ||
| GM | 44.25% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.45 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.63 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-16.58%
EPS 3Y-57.02%
EPS 5Y
EPS Q2Q%
EPS Next Y136.74%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-22.32%
Revenue growth 3Y-19.11%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y