As of December 15, 2025, JPmorgan Smaller Companies Investment Trust PLC has a Discounted Cash Flow (DCF) derived fair value of $0.00 per share. With the current market price at $293.50, this represents a potential upside of -188.0%.
| Key Metrics | Value |
|---|---|
| DCF Fair Value (5-year) | $0.00 |
| DCF Fair Value (10-year) | $0.00 |
| Potential Upside (5-year) | -193.2% |
| Potential Upside (10-year) | -188.0% |
| Discount Rate (WACC) | 8.5% - 11.6% |
| Fiscal Year | Revenue (USD millions) | Growth |
|---|---|---|
| 07-2023 | (9) | 88% |
| 07-2024 | (10) | 5% |
| 07-2025 | (10) | 3% |
| 07-2026 | (11) | 7% |
| 07-2027 | (11) | 2% |
| 07-2028 | (11) | 2% |
| 07-2029 | (11) | 2% |
| 07-2030 | (12) | 3% |
| 07-2031 | (12) | 2% |
| 07-2032 | (12) | 2% |
| 07-2033 | (12) | 2% |
Net profit margin is expected to improve from 140% in 07-2023 to -1624% by 07-2033, driven by operational efficiency and economies of scale.
| Fiscal Year | Net Profit (USD millions) | Profit Margin |
|---|---|---|
| 07-2023 | (13) | 140% |
| 07-2024 | (13) | -1332% |
| 07-2025 | (14) | -1357% |
| 07-2026 | (14) | -1439% |
| 07-2027 | (15) | -1452% |
| 07-2028 | (15) | -1466% |
| 07-2029 | (15) | -1493% |
| 07-2030 | (15) | -1539% |
| 07-2031 | (16) | -1567% |
| 07-2032 | (16) | -1595% |
| 07-2033 | (16) | -1624% |
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) |
|---|---|
| 07-2024 | 0 |
| 07-2025 | 0 |
| 07-2026 | 0 |
| 07-2027 | 0 |
| 07-2028 | 0 |
| 07-2029 | 0 |
Net working capital is expected to increase gradually, with projected changes affecting free cash flow.
| Components | Average Days |
|---|---|
| Days Receivables | 0 |
| Days Inventory | 0 |
| Days Payables | 118 |
| Fiscal Year | EBITDA | Tax | CapEx | Change in NWC | FCF |
|---|---|---|---|---|---|
| 2024 | (13) | (0) | (0) | (1) | (13) |
| 2025 | (14) | (0) | (0) | 0 | (14) |
| 2026 | (14) | (0) | (0) | 0 | (14) |
| 2027 | (15) | (0) | (0) | (0) | (14) |
| 2028 | (15) | (0) | (0) | 0 | (15) |
| Valuation Method | Fair Price (USD) | Potential Upside |
|---|---|---|
| 5-Year DCF (Growth) | 0.00 | -193.2% |
| 10-Year DCF (Growth) | 0.00 | -188.0% |
| 5-Year DCF (EBITDA) | 0.00 | -100.0% |
| 10-Year DCF (EBITDA) | 0.00 | -100.0% |
Is JPmorgan Smaller Companies Investment Trust PLC (JMI.L) a buy or a sell? JPmorgan Smaller Companies Investment Trust PLC is definitely a sell. Based on our DCF analysis, JPmorgan Smaller Companies Investment Trust PLC (JMI.L) appears to be overvalued with upside potential of -188.0%. 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 $293.50.