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Alvarium Tiedemann Holdings (ALTI)
NASDAQ:ALTI
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Alvarium Tiedemann Holdings
(NASDAQ:ALTI)
49Neutral
Alvarium Tiedemann Holdings (ALTI) vs. S&P 500 (SPY)
Market Cap
$468.42M
Dividend YieldN/A
Average Volume (3M)97.42K
Price to Earnings (P/E)―
Beta (1Y)1.62
Revenue Growth54.84%
EPS Growth42.68%
CountryUS
Employees480
SectorFinancial
Sector Strength77
IndustryAsset Management Services
Share Statistics
EPS (TTM)-1.38
Shares Outstanding93,686,980
10 Day Avg. Volume102,810
30 Day Avg. Volume97,416
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1.91
Price to Cash Flow (P/CF)-23.70
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Alvarium Tiedemann Holdings Business Overview & Revenue Model
Company DescriptionCartesian Growth Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, or reorganization or engaging in any other similar business combination with one or more businesses or entities.
How the Company Makes MoneyAlvarium Tiedemann Holdings generates revenue primarily through fees associated with its wealth and investment management services. These include management fees charged based on a percentage of assets under management (AUM), performance-based fees, and advisory fees for financial planning and consulting services. The company may also earn revenue from financial products it sells or distributes, as well as from strategic partnerships and collaborations with other financial institutions. Alvarium Tiedemann Holdings focuses on building long-term relationships with its clients, which helps ensure a steady stream of recurring revenue from its advisory and management services.
Alvarium Tiedemann Holdings Financial Statement Overview
Summary
Alvarium Tiedemann Holdings is experiencing declining revenue and negative profitability, with significant net income and cash flow challenges. Despite improvements in its balance sheet, such as reduced debt and increased equity ratio, the company needs to focus on enhancing its cash flow and profitability.Income Statement
Alvarium Tiedemann Holdings shows declining total revenue from $250.88M to $245.32M TTM, indicating negative revenue growth. The gross profit margin improved significantly from 18.67% to 38.04% TTM. However, the company is struggling with profitability, as evidenced by negative EBIT and net profit margins.45
Neutral
Balance Sheet
The debt-to-equity ratio improved from 0.71 to 0.27 TTM, reflecting a better capital structure. The equity ratio increased from 26.99% to 50.28% TTM, indicating stronger equity positions. Despite these improvements, the company still deals with substantial liabilities and negative net income.50
Neutral
Cash Flow
Negative free cash flow persists, although it improved from -$82.34M to -$57.43M TTM. The operating cash flow to net income ratio remains negative, showing challenges in generating cash from operations. Despite improved cash flow from financing activities, the company faces difficulties in maintaining positive free cash flow.40
Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 90.88M | 250.88M | 81.63M | 75.16M | 52.26M | 47.07M | Gross Profit |
| 31.37M | 46.83M | -9.90M | 24.75M | 12.23M | 13.71M | EBIT |
| 846.20K | -94.11M | -9.90M | 3.56M | -2.83M | -2.44M | EBITDA |
| 7.32M | -96.65M | -2.71M | 9.82M | 4.63M | 3.18M | Net Income Common Stockholders |
| -461.13K | -162.61M | -5.13M | 1.52M | -3.38M | -3.73M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 15.35M | 15.35M | 7.45K | 12.96M | 8.30M | 7.06M | Total Assets |
| 1.27B | 1.27B | 76.10M | 99.17M | 90.09M | 88.44M | Total Debt |
| 242.48M | 242.48M | 26.39M | 10.45M | 9.19M | 9.37M | Net Debt |
| 227.13M | 227.13M | 20.49M | -2.51M | 887.84K | 2.31M | Total Liabilities |
| 478.54M | 478.54M | 120.92M | 42.86M | 27.70M | 24.80M | Stockholders Equity |
| 341.93M | 341.93M | 23.00M | 56.29M | 60.79M | 63.38M |
| Cash Flow | Free Cash Flow | ||||
| 13.17M | -82.34M | -1.09M | 14.04M | 2.95M | -3.46M | Operating Cash Flow |
| 13.66M | -81.71M | -965.72K | 14.45M | 3.33M | 2.46M | Investing Cash Flow |
| -8.27M | -132.95M | 4.35M | -9.75M | -2.50M | -14.04M | Financing Cash Flow |
| -1.31M | 36.02M | 500.00K | -38.75K | 422.54K | 5.59M |
Alvarium Tiedemann Holdings Technical Analysis
Negative
3.35
Price Trends
3.81
Negative
4.08
Negative
4.24
Negative
Market Momentum
-0.14
Negative
31.68
Neutral
27.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ALTI, the sentiment is Negative. The current price of 3.35 is below the 20-day moving average (MA) of 3.41, below the 50-day MA of 3.81, and below the 200-day MA of 4.24, indicating a bearish trend. The MACD of -0.14 indicates Negative momentum. The RSI at 31.68 is Neutral, neither overbought nor oversold. The STOCH value of 27.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ALTI.
Alvarium Tiedemann Holdings Risk Analysis
Alvarium Tiedemann Holdings disclosed 76 risk factors in its most recent earnings report. Alvarium Tiedemann Holdings reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Alvarium Tiedemann Holdings Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $4.13B | 17.17 | 51.51% | 4.35% | 23.88% | ― | |
74 Outperform | $4.59B | 33.68 | 34.27% | 4.10% | 39.75% | ― | |
73 Outperform | $7.71B | 20.95 | 23.03% | 1.68% | 22.67% | 47.20% | |
72 Outperform | $11.04B | 29.50 | 18.64% | 1.46% | 22.09% | 28.37% | |
66 Neutral | $4.44B | 23.87 | 15.66% | 1.02% | 12.29% | 99.57% | |
64 Neutral | $13.79B | 10.52 | 9.20% | 4.24% | 17.25% | -7.60% | |
49 Neutral | $468.42M | ― | -17.24% | ― | 54.84% | 42.68% |
* Financial Sector Average
Performance Comparison
ALTI
Alvarium Tiedemann Holdings
3.11
-2.98
-48.93%
EVR
Evercore Partners
198.48
6.35
3.31%
LAZ
Lazard
45.84
7.99
21.11%
PIPR
Piper Sandler
254.87
64.70
34.02%
MC
Moelis
60.09
7.81
14.94%
HLI
Houlihan Lokey
156.77
33.68
27.36%
Alvarium Tiedemann Holdings Earnings Call Summary
Earnings Call Date: Nov 8, 2024 | % Change Since: -30.06% | Next Earnings Date: Mar 13, 2025
Earnings Call Sentiment Neutral
AlTi demonstrated strong revenue growth and strategic partnerships, notably with Allianz. The company successfully acquired significant assets, enhancing its market position. However, the financial performance was marred by substantial impairment charges and decreased revenue in the real estate segment, leading to a significant net loss.Highlights
Strong Revenue Growth
AlTi generated revenues of $53.3 million in the third quarter, reflecting an 11% increase compared to the third quarter of 2023 and 8% compared to the previous quarter.
Increased Assets Under Management
Assets under management and advisement grew 13% over the trailing 12-month period to $77 billion.
Successful Acquisitions
The acquisitions of East End Advisors and Envoi added a combined $9 billion in assets, enhancing AlTi's presence and capabilities in key regions.
Strategic Partnership with Allianz
A partnership with Allianz X was established, providing unprecedented private market access and significant cost savings for clients.
Positive Adjusted EBITDA Growth
Consolidated adjusted EBITDA was $9.6 million, up $12.6 million compared to the third quarter of 2023.
Lowlights
Impairment Charges
Impairment charges totaling $116.1 million were recorded, including a $44.9 million intangible asset impairment and a $69.7 million goodwill impairment.
Decreased Real Estate Segment Revenue
International Real Estate segment revenues totaled $1.5 million in Q3, down from $4.1 million in the third quarter of 2023.
GAAP Net Loss
GAAP net loss for the third quarter was $111.4 million, largely due to impairment charges.
Company Guidance
In the third quarter of 2024, AlTi made notable advancements in its global wealth management platform, catering to ultra-high net worth clients. The company's assets under management and advisement increased by 13% over the past 12 months, reaching $77 billion, with revenues rising 8% from the previous quarter to $53.3 million. Notably, 97% of these revenues were from recurring fees. AlTi's adjusted EBITDA grew to $9.6 million, up significantly from the same quarter in 2023, with a 62% increase in the Wealth and Capital Solutions segment to $13.4 million. The strategic partnership with Allianz and Constellation Wealth Capital played a crucial role, enabling the firm to leverage a $250 million investment to acquire Envoi and East End Advisors, expanding its presence and capabilities in the U.S. A unique joint venture with Allianz X was also established, aiming at the $1.5 trillion global private debt market, enhancing investment opportunities for clients. Despite a noncash impairment charge of $116.1 million affecting GAAP net income, AlTi's financial position remains strong, with $222 million in cash and $128 million in debt, positioning the company well for future growth.Alvarium Tiedemann Holdings Corporate Events
Business Operations and Strategy
Alvarium Tiedemann Holdings: Positioned for Global Growth
Positive
Nov 8, 2024
AlTi Global, Inc. is a prominent wealth and alternatives manager, offering comprehensive investment strategies focused on impact and values-aligned investing. With approximately $77 billion in managed assets and a robust presence across three continents, the company is poised for significant growth, driven by strategic investments and a commitment to innovation. AlTi’s future-oriented approach ensures a strong positioning in the rapidly expanding wealth management market, making it an intriguing prospect for investors and stakeholders alike.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.