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Allianz Technology Trust

ATT.L
62
Asset Management · Financial Services
Price
700.00 GBp
+12.00 (+1.74%)
Market Cap
£2.36B
Exchange
London Stock Exchange
Winston Score
62
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Sep 4, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Exceptional
Growth
Good
Cash Flow
Weak
Stability
Good
Valuation
Good

Share count falling — buybacks

12.7% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 426.3M (2021) → 372.1M (2025)

Winston Score History

The full picture

Managed by Allianz Global Investors GmbH, Allianz Technology Trust PLC operates as a closed-ended equity investment vehicle. Its strategy involves allocating capital to publicly traded companies across global markets, with a specific focus on the technology, media, and telecommunications (TMT) sectors. The portfolio predominantly comprises shares of mid-sized and large-capitalization enterprises, selected through a bottom-up approach informed by thorough fundamental analysis. The trust's performance is benchmarked against the Dow Jones World Technology Index (Sterling adjusted, total return basis). Established in December 1995 and domiciled in the United Kingdom, it was formerly known as RCM Technology Trust PLC.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

>+1,000% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

>+1,000% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

£0/ year

0.0% of revenue

Research and development spending

Cash Position

Cash flow positive

£2.8B cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Allianz Technology Trust grew revenue 1582% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
97.5%
Premium pricing power — 97.5% gross margin
Profit after running costs
Operating Margin
97.4%
Excellent — 97.4% operating margin
Return on the money invested
ROCE
44.0%
Exceptional — 44.0% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth
Sales YoY
+717.1%
Fast-growing sales (+717.1% YoY)
Profit growth
EPS YoY
+851.4%
Earnings growing fast (+851.4% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
0%
Weak — only 0% of profit becomes cash
Spare cash per sale
FCF Margin
0.0%
Thin free cash flow (0.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
100.00x
Comfortably covers interest (100.0x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
2.0x
Attractive valuation — P/E 2.0

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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