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Flow Traders N.V. (FLOW.AS)
EUR26.00
+0.36 (+1.40%)
NL AMS Financial Services Financial - Capital Markets
Address
Jacob Bontiusplaats 9 1018 LL
Amsterdam, NL
Amsterdam, NL
CEO
Thomas Spitz
Website
flowtraders.com
IPO
2015-07-10
ISIN BMG3602E1084
Also trades on
Euronext Amsterdam · FLOW.AS (EUR)
Other OTC · FLTDF (USD)
Other OTC · FLTLF (USD)
Description
Flow Traders N.V. is a global financial firm that leverages advanced technology to serve as a market liquidity provider across financial instruments in Europe, the Americas, and Asia. Utilizing its exclusive technological infrastructure, the company actively quotes two-way prices (bid and ask) for an extensive array of financial products, including thousands of exchange-traded products (ETPs), bonds, cryptocurrencies, foreign exchange, and various other offerings, across multiple trading platforms. Additionally, Flow Traders extends its ETP liquidity services directly to institutional clients – such as banks, asset managers, pension funds, insurance companies, family offices, and hedge funds – outside of traditional exchanges. Established in 2004, the firm maintains its main office in Amsterdam, the Netherlands.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
EUR26.00
+0.36 (+1.40%)
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Volume Profile
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Liquidity & share structure
Average Volume
160.2K
Beta
0.12
Float Shares
31.69M
Free Float %
72.7%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.98% | -17.28% | -9.56% | -6.13% | +3.77% | -1.27% | -15.36% | +12.83% | -30.69% | -22.09% | -31.49% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Analyst Consensus (1 ratings, all time)
Buy
Price Targets & DCF
Current price
26.00
DCF (Levered)
148.85
+472.5%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
40% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 1 | 0 |
| Hold | 2 | 0 |
| Sell | 1 | +1 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
0.56
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
B-
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Financial - Capital Markets: +19.7%-39.6%
-
EPS growth Financial - Capital Markets: +35.3%-16.3% Q4'25: -9.9% (vs Q3'24)
-
FCF margin FCF growth · Financial - Capital Markets: +29.5%+103.1% Q4'25: -3,484.7% (vs Q3'24)
-
EBIT margin Financial - Capital Markets: +33.5%+35.2% ★ Q4'25: +167.7% (vs Q3'24)
-
ROIC Financial - Capital Markets: +4.0%+3.7% Q4'25: +5.2% (vs Q3'24)
-
Share dilution Financial - Capital Markets: +0.0%+0.1% Q4'25: +4.3% (vs Q3'24)
-
Debt / EBITDA Net debt/EBITDA · Financial - Capital Markets: -0.30×15.49× Q4'25: 10.51× (vs Q3'24)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 3 Rev. Ana. 2 EPS Ana. |
Dec 2027 3 Rev. Ana. 2 EPS Ana. |
Dec 2028 2 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
398.83M
est: 301.14M (+32.4%)
|
352.95M
est: 247.77M (+42.4%)
|
280.73M
est: 167.20M (+67.9%)
|
510.54M
est: 387.00M (+31.9%)
|
350.61M
est: 246.71M (+42.1%)
|
1.09B
est: 953.27M (+14.0%)
|
539.91M
est: 335.32M (+61.0%)
|
656.09M
est: 386.17M (+69.9%)
|
571.28M
est: 641.20M (-10.9%)
|
804.51M
est: 884.43M (-9.0%)
|
485.80M
est: 820.82M (-40.8%)
|
532.58M
446.90M – 594.83M
-35.1% YoY
|
569.10M
473.80M – 618.00M
+6.9% YoY
|
592.77M
495.40M – 652.58M
+4.2% YoY
|
| EBITDA |
121.19M
est: 89.20M (+35.9%)
|
115.95M
est: 100.86M (+15.0%)
|
55.61M
est: 77.98M (-28.7%)
|
202.98M
est: 128.96M (+57.4%)
|
79.91M
est: 131.59M (-39.3%)
|
586.20M
est: 312.91M (+87.3%)
|
160.01M
est: 108.66M (+47.3%)
|
178.55M
est: 120.26M (+48.5%)
|
62.95M
est: 170.67M (-63.1%)
|
211.65M
est: 229.15M (-7.6%)
|
189.00M
est: 218.47M (-13.5%)
|
141.75M
118.95M – 158.32M
-35.1% YoY
|
151.48M
126.11M – 164.49M
+6.9% YoY
|
157.78M
131.86M – 173.69M
+4.2% YoY
|
| EBIT |
114.41M
est: 81.94M (+39.6%)
|
109.64M
est: 94.14M (+16.5%)
|
48.44M
est: 73.99M (-34.5%)
|
193.94M
est: 111.86M (+73.4%)
|
65.29M
est: 121.44M (-46.2%)
|
571.92M
est: 248.13M (+130.5%)
|
144.73M
est: 86.17M (+68.0%)
|
161.73M
est: 95.36M (+69.6%)
|
44.65M
est: 152.11M (-70.6%)
|
194.36M
est: 204.23M (-4.8%)
|
170.90M
est: 194.72M (-12.2%)
|
126.34M
106.01M – 141.11M
-35.1% YoY
|
135.00M
112.40M – 146.60M
+6.9% YoY
|
140.62M
117.52M – 154.81M
+4.2% YoY
|
| Net Income |
97.29M
est: 116.79M (-16.7%)
|
91.94M
est: 80.05M (+14.8%)
|
39.60M
est: 62.04M (-36.2%)
|
160.93M
est: 91.65M (+75.6%)
|
53.14M
est: 102.59M (-48.2%)
|
464.51M
est: 205.32M (+126.2%)
|
114.93M
est: 71.30M (+61.2%)
|
126.83M
est: 78.91M (+60.7%)
|
36.15M
est: 71.65M (-49.5%)
|
159.54M
est: 188.09M (-15.2%)
|
133.60M
est: 147.67M (-9.5%)
|
141.00M
117.01M – 164.98M
-4.5% YoY
|
176.54M
131.36M – 189.19M
+25.2% YoY
|
192.22M
158.13M – 227.45M
+8.9% YoY
|
| SGA |
92.00M
est: 79.90M (+15.1%)
|
98.35M
est: 89.99M (+9.3%)
|
105.86M
est: 56.79M (+86.4%)
|
114.78M
est: 132.84M (-13.6%)
|
128.79M
est: 82.21M (+56.7%)
|
168.30M
est: 467.64M (-64.0%)
|
156.52M
est: 162.40M (-3.6%)
|
193.47M
est: 179.72M (+7.6%)
|
183.87M
est: 150.27M (+22.4%)
|
213.33M
est: 201.77M (+5.7%)
|
—
est: 192.37M (-100.0%)
|
124.81M
104.74M – 139.40M
-35.1% YoY
|
133.38M
111.04M – 144.83M
+6.9% YoY
|
138.92M
116.10M – 152.94M
+4.2% YoY
|
| EPS |
2.09
est: 2.61 (-19.8%)
|
1.98
est: 1.92 (+3.2%)
|
0.85
est: 0.86 (-1.0%)
|
3.46
est: 3.49 (-0.7%)
|
1.15
est: 1.48 (-22.2%)
|
10.26
est: 9.47 (+8.4%)
|
2.63
est: 2.16 (+21.7%)
|
2.92
est: 2.53 (+15.4%)
|
0.84
est: 1.65 (-49.2%)
|
3.70
est: 4.35 (-14.9%)
|
3.07
est: 3.38 (-9.2%)
|
3.29
2.61 – 3.68
-2.8% YoY
|
3.67
2.93 – 4.22
+11.8% YoY
|
4.49
3.53 – 5.07
+22.1% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | B- | 3/5 | 4/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-28 | B- | 3/5 | 4/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-27 | B- | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-26 | B- | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-25 | B- | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-22 | B- | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-21 | B- | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-20 | B- | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-19 | B- | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-18 | B- | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-15 | B- | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-14 | B- | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-13 | B- | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-12 | B- | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-11 | B- | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-08 | B- | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-07 | B- | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-06 | B- | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-05 | B- | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-04 | B- | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-30 | B- | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-29 | B- | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-28 | B- | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-27 | B- | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-24 | B- | 2/5 | 3/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-23 | B | 3/5 | 4/5 | 3/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-22 | B | 3/5 | 4/5 | 3/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-21 | B+ | 3/5 | 4/5 | 3/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-20 | B+ | 3/5 | 4/5 | 3/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-17 | B+ | 3/5 | 4/5 | 3/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-16 | B+ | 3/5 | 4/5 | 3/5 | 4/5 | 1/5 | 3/5 | 3/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
510.44M
OE per share TTM
12.68
Owner's Yield
47.22%
Maintenance CapEx ratio
23.42%
Maint CapEx / Avg PPE
8.9%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 84 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Invesco CoinShares Global Blockchain UCITS ETF BCHN.L | 0.48% | 4.81M | 0.65% |
| 2 | iShares MSCI Netherlands ETF EWN | 0.31% | 1.62M | 0.50% |
| 3 | Amundi MSCI EMU Small Cap ESG Broad Transition UCITS ETF Dist MMS.PA | 0.20% | 1.39M | 0.40% |
| 4 | UBS MSCI EMU Small Cap UCITS ETF EUR dis UEFD.DE | 0.17% | 1.24M | 0.33% |
| 5 | iShares MSCI EMU Small Cap UCITS ETF CES1.L | 0.16% | 1.73M | 0.58% |
| 6 | Amundi MSCI Europe Small Cap ESG Broad Transition UCITS ETF Dist X026.DE | 0.12% | 397.2K | 0.23% |
| 7 | Amundi MSCI Europe Small Cap ESG Broad Transition UCITS ETF Acc CEM.PA | 0.12% | 397.2K | 0.23% |
| 8 | Dimensional - International Small Cap Value ETF DISV | 0.10% | 4.92M | 0.42% |
| 9 | iShares MSCI Europe Small-Cap ETF IEUS | 0.07% | 115.2K | 0.41% |
| 10 | Xtrackers MSCI Europe Small Cap UCITS ETF 1C XXSC.L | 0.06% | 2.20M | 0.30% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
276.1K
Shares Outstanding
43.57M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Marc Jansen | Co-Chief Trading Officer & Executive Director | 2M | male |
| Owain Lloyd | Chief Technology Officer & Executive Director | 1M | male |
| Hermien Smeets-Flier | Chief Financial and Risk Officer & Executive Director | 1M | female |
| Thomas Spitz | Chief Executive Officer & Executive Director | 1M | male |
| Michael Lie | Head of Digital Asset Trading | — | — |
| Tamara Maris-Mravunac | Global Head of Risk & Compliance | — | female |
| Alex Kieft | Co-Chief Trading Officer | — | male |
| William D. Stush | Chief Executive Officer of Americas | — | male |
| Eric Pan | Head of Investor Relations | — | male |
| Fabian Rijlaarsdam | Chief Operating Officer of APAC | — | male |
| Maarten van den Muijsenberg | Global Head of Risk | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for FLOW.AS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
