FLOW Stock Financial Analysis - Flow Traders Ltd. (ENXTAM) Stock

Overview

Flow Traders Ltd. is a global financial technology-enabled liquidity provider based in the Netherlands, specializing in Exchange Traded Products (ETPs). Founded in 2004, the company plays a pivotal role in the global financial markets by providing liquidity across various asset classes, ranging from equities and fixed income to foreign exchange and commodities. Flow Traders combines its market expertise with innovative technology to offer real-time trading capabilities and risk management solutions. It consistently aims to enhance the market structure's efficiency, benefiting all participants. The company's commitment to maintaining robust trading infrastructure underpins its operational projects, which ensures fluidity in financial markets even during periods of significant volatility.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for Flow Traders Ltd. as of 30 June 2025 is 884.43 MM.
The operating income for Flow Traders Ltd. as of 30 June 2025 is 407.21 MM.
The net income for Flow Traders Ltd. as of 30 June 2025 is 188.09 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-06-30	884.43	407.21	188.09
2025-03-31	806.27	391.91	149.94
2024-12-31	800.77	391.51	159.54
2024-09-30	930.69	452.89	115.61
2024-06-30	641.20	287.62	71.65
2024-03-31	596.20	243.98	54.35
2023-12-31	577.10	226.18	36.15
2023-09-30	563.71	177.45	59.23
2023-06-30	650.40	266.89	86.80
2023-03-31	639.71	233.15	102.23
2022-12-31	677.21	267.56	126.83
2022-09-30	581.85	219.71	113.43
2022-06-30	555.41	184.84	88.20
2022-03-31	548.15	197.41	105.63
2021-12-31	542.35	207.31	114.93
2021-09-30	591.05	257.64	165.11
2021-06-30	583.29	281.15	179.48
2021-03-31	737.65	381.44	263.81
2020-12-31	1,090.45	626.24	464.51
2020-09-30	985.44	559.47	405.54

Income Statement: EPS

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-06-30
2025-03-31	3.47	3.34
2024-12-31	3.69	3.56
2024-09-30	2.67	2.61
2024-06-30	1.65	1.62
2024-03-31	1.25	1.22
2023-12-31	0.84	0.81
2023-09-30	1.37	1.29
2023-06-30	2.01	1.89
2023-03-31	2.36	2.22
2022-12-31	2.92	2.76
2022-09-30	2.61	2.50
2022-06-30	2.03	1.94
2022-03-31	2.43	2.33
2021-12-31	2.63	2.52
2021-09-30	3.74	3.49
2021-06-30	4.03	3.79
2021-03-31	5.88	5.58
2020-12-31	10.26	9.81
2020-09-30	8.89	8.89

Cash Flow: Operations, Investing, Financing

The cash from operating activities for Flow Traders Ltd. as of 30 June 2025 is 19.64 MM.
The cash from investing activities for Flow Traders Ltd. as of 30 June 2025 is -1.73 MM.
The cash from financing activities for Flow Traders Ltd. as of 30 June 2025 is -16.29 MM.

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-06-30	19.64	-1.73	-16.29
2025-03-31
2024-12-31	32.06	-25.85	-3.78
2024-09-30
2024-06-30	55.19	-36.60	-17.16
2024-03-31
2023-12-31	79.48	-17.47	-64.69
2023-09-30
2023-06-30	115.90	-15.13	-99.95
2023-03-31
2022-12-31	93.75	-19.72	-70.59
2022-09-30
2022-06-30	101.05	-21.83	-80.22
2022-03-31
2021-12-31	244.76	-13.84	-234.62
2021-09-30
2021-06-30	377.69	-6.29	-369.08
2021-03-31
2020-12-31	271.26	-9.39	-258.87
2020-09-30

Valuation Metrics : PE, PriceToBook, PriceToTBV

The p/e for Flow Traders Ltd. as of 30 June 2025 is 7.74.
The p/book for Flow Traders Ltd. as of 30 June 2025 is 1.51.
The p/tbv for Flow Traders Ltd. as of 30 June 2025 is 1.52.

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-06-30	7.74	1.51	1.52
2025-03-31	7.40	1.54	1.54
2024-12-31	13.07	1.46	1.47
2024-09-30	11.27	1.37	1.37
2024-06-30	14.77	1.37	1.37
2024-03-31	21.26	1.31	1.32
2023-12-31	13.13	1.33	1.33
2023-09-30
2023-06-30
2023-03-31
2022-12-31
2022-09-30
2022-06-30
2022-03-31	11.47	2.59	2.60
2021-12-31	8.49	2.66	2.68
2021-09-30	8.06	2.75	2.76
2021-06-30	6.62	2.26	2.27
2021-03-31	4.62	2.07	2.07
2020-12-31	2.62	2.06	2.07
2020-09-30	3.02	1.87	1.87

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

The ebit/ev for Flow Traders Ltd. as of 30 June 2025 is 0.06.
The ebit (3y)/ev for Flow Traders Ltd. as of 30 June 2025 is 0.04.

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-06-30	0.06	0.04
2025-03-31	0.06	0.04
2024-12-31	0.02	0.03
2024-09-30	0.11	0.13
2024-06-30	0.02	0.04
2024-03-31	0.02	0.04
2023-12-31	0.02	0.04
2023-09-30	0.03	0.05
2023-06-30	0.05	0.06
2023-03-31	0.06	0.08
2022-12-31	0.04	0.09
2022-09-30	0.04	0.09
2022-06-30	0.04	0.09
2022-03-31	0.05	0.09
2021-12-31	0.15	0.20
2021-09-30	0.16	0.19
2021-06-30	0.10	0.11
2021-03-31	0.14	0.11
2020-12-31	0.24	0.12
2020-09-30	0.40	0.21

Management Effectiveness

The roa for Flow Traders Ltd. as of 30 June 2025 is 0.01.
The roe for Flow Traders Ltd. as of 30 June 2025 is 0.24.
The roic for Flow Traders Ltd. as of 30 June 2025 is 0.05.
The croic for Flow Traders Ltd. as of 30 June 2025 is 0.00.
The ocroic for Flow Traders Ltd. as of 30 June 2025 is 0.01.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-06-30	0.01	0.24	0.05	0.00	0.01
2025-03-31	0.01	0.27	0.06	0.00	0.01
2024-12-31	0.01	0.27	0.02	0.00	0.02
2024-09-30	0.01	0.20	0.12	-0.00	0.14
2024-06-30	0.00	0.09	0.02	-0.00	0.03
2024-03-31	0.00	0.06	0.01	-0.00	0.03
2023-12-31	0.00	0.10	0.02	0.00	0.04
2023-09-30	0.01	0.15	0.03	0.00	0.04
2023-06-30	0.01	0.15	0.04	0.00	0.05
2023-03-31	0.01	0.20	0.04	0.00	0.04
2022-12-31	0.01	0.22	0.04	0.00	0.00
2022-09-30	0.01	0.22	0.04	-0.00	0.03
2022-06-30	0.01	0.17	0.04	-0.00	0.04
2022-03-31	0.01	0.18	0.04	-0.00	0.10
2021-12-31	0.02	0.28	0.22	-0.01	0.00
2021-09-30	0.02	0.25	0.31	0.00	0.70
2021-06-30	0.02	0.27	0.10	0.00	0.22
2021-03-31	0.04	0.80	0.15	0.00	0.15
2020-12-31	0.07	1.40	0.26	0.00	0.15
2020-09-30	0.06	1.24	0.60	-0.01	0.12

Gross Margins

The gross margin for Flow Traders Ltd. as of 30 June 2025 is 1.00.
The net margin for Flow Traders Ltd. as of 30 June 2025 is 0.19.
The operating margin for Flow Traders Ltd. as of 30 June 2025 is 0.49.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-06-30	1.00	0.19	0.49
2025-03-31	1.00	0.33	0.41
2024-12-31	1.00	0.11	0.42
2024-09-30	1.00	0.11	0.42
2024-06-30	1.00	0.09	0.41
2024-03-31	1.00	0.12	0.24
2023-12-31	1.00	0.11	0.31
2023-09-30	1.00	0.12	0.38
2023-06-30	1.00	0.12	0.38
2023-03-31	1.00	0.16	0.37
2022-12-31	1.00	0.19	0.40
2022-09-30	1.00	0.19	0.40
2022-06-30	1.00	0.16	0.35
2022-03-31	1.00	0.19	0.36
2021-12-31	1.00	0.30	0.38
2021-09-30	1.00	0.28	0.44
2021-06-30	1.00	0.31	0.48
2021-03-31	1.00	0.36	0.52
2020-12-31	1.00	0.50	0.63
2020-09-30	1.00	0.41	0.57

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