As of May 31, 2025, Capital Gearing Trust PLC has a Discounted Cash Flow (DCF) derived fair value of $0.00 per share. With the current market price at $0.00, this represents a potential upside of -179.6%.
| Key Metrics | Value |
|---|---|
| DCF Fair Value (5-year) | $0.00 |
| DCF Fair Value (10-year) | $0.00 |
| Potential Upside (5-year) | -179.9% |
| Potential Upside (10-year) | -179.6% |
| Discount Rate (WACC) | 7.6% - 9.1% |
| Fiscal Year | Revenue (USD millions) | Growth |
|---|---|---|
| 03-2024 | 22 | 151% |
| 03-2025 | (43) | -292% |
| 03-2026 | (44) | 2% |
| 03-2027 | (45) | 2% |
| 03-2028 | (46) | 2% |
| 03-2029 | (47) | 2% |
| 03-2030 | (49) | 5% |
| 03-2031 | (50) | 2% |
| 03-2032 | (52) | 4% |
| 03-2033 | (53) | 2% |
| 03-2034 | (55) | 4% |
Net profit margin is expected to improve from 62% in 03-2024 to -4390% by 03-2034, driven by operational efficiency and economies of scale.
| Fiscal Year | Net Profit (USD millions) | Profit Margin |
|---|---|---|
| 03-2024 | 14 | 62% |
| 03-2025 | (32) | -3236% |
| 03-2026 | (34) | -3351% |
| 03-2027 | (35) | -3456% |
| 03-2028 | (36) | -3562% |
| 03-2029 | (37) | -3669% |
| 03-2030 | (38) | -3849% |
| 03-2031 | (39) | -3933% |
| 03-2032 | (41) | -4104% |
| 03-2033 | (42) | -4194% |
| 03-2034 | (44) | -4390% |
with a 5-year average of $0 million. Projected CapEx is expected to maintain at approximately 0% of revenue.
Depreciation is based on an average useful life of 5 years for capital assets.
| Fiscal Year | D&A (USD millions) |
|---|---|
| 03-2025 | 0 |
| 03-2026 | 0 |
| 03-2027 | 0 |
| 03-2028 | 0 |
| 03-2029 | 0 |
| 03-2030 | 0 |
Net working capital is expected to increase gradually, with projected changes affecting free cash flow.
| Components | Average Days |
|---|---|
| Days Receivables | 2 |
| Days Inventory | 0 |
| Days Payables | 0 |
| Fiscal Year | EBITDA | Tax | CapEx | Change in NWC | FCF |
|---|---|---|---|---|---|
| 6M/2025 | (16) | (0) | (0) | (1) | (15) |
| 2026 | (34) | (1) | (0) | (0) | (33) |
| 2027 | (35) | (1) | (0) | (1) | (33) |
| 2028 | (36) | (1) | (0) | 1 | (36) |
| 2029 | (37) | (1) | (0) | (0) | (37) |
| Valuation Method | Fair Price (USD) | Potential Upside |
|---|---|---|
| 5-Year DCF (Growth) | 0.00 | -179.9% |
| 10-Year DCF (Growth) | 0.00 | -179.6% |
| 5-Year DCF (EBITDA) | 0.00 | NaN% |
| 10-Year DCF (EBITDA) | 0.00 | NaN% |
Is Capital Gearing Trust PLC (CGT.L) a buy or a sell? Capital Gearing Trust PLC is definitely a sell. Based on our DCF analysis, Capital Gearing Trust PLC (CGT.L) appears to be overvalued with upside potential of -179.6%. The company's strong projected growth in revenue and profitability, coupled with consistent capital expenditure, supports our positive outlook on its intrinsic value.
Key investment drivers include:
Investors should consider reducing exposure at the current market price of $0.00.