As of June 12, 2025, Martin Currie Global Portfolio Trust PLC's estimated intrinsic value ranges from $42.27 to $353.23 per share, depending on the valuation methodology applied.
| Valuation Method | Fair Value (USD) | Implied Upside/Downside |
|---|---|---|
| Discounted Cash Flow (10Y) | $353.23 | +3.0% |
| Discounted Cash Flow (5Y) | $334.92 | -2.4% |
| Dividend Discount Model (Multi-Stage) | $256.70 | -25.2% |
| Dividend Discount Model (Stable) | $301.16 | -12.2% |
| Earnings Power Value | $42.27 | -87.7% |
Is Martin Currie Global Portfolio Trust PLC (MNP.L) undervalued or overvalued?
With the current market price at $343.00, the stock appears to be moderately overvalued.
Intrinsic value represents the "true" worth of a company based on its fundamentals rather than market sentiment. We've employed multiple methodologies to triangulate Martin Currie Global Portfolio Trust PLC's intrinsic value, including:
The cost of capital is a critical factor in valuation models, representing the required return for investors.
| WACC Component | Low | High |
|---|---|---|
| Long-term bond rate | 4.0% | 4.5% |
| Equity market risk premium | 6.0% | 7.0% |
| Adjusted beta | 0.81 | 0.93 |
| Cost of equity | 8.9% | 11.5% |
| Cost of debt | 4.6% | 4.6% |
| Tax rate | 0.8% | 1.0% |
| Debt/Equity ratio | 0.06 | 0.06 |
| After-tax WACC | 8.6% | 11.1% |
Our DCF model projects cash flows over 5-year and 10-year horizons, with the following key assumptions:
| DCF Model | Fair Value | Enterprise Value | % from Terminal Value |
|---|---|---|---|
| 5-Year Growth | $335 | $202M | 70.6% |
| 10-Year Growth | $353 | $213M | 48.8% |
| 5-Year EBITDA | $249 | $152M | 61.0% |
| 10-Year EBITDA | $291 | $177M | 38.2% |
The DDM values a company based on its expected future dividend payments. We used two approaches:
EPV assesses a company's value based on its current normalized earnings power, assuming no growth.
| EPV Component | Value |
|---|---|
| Normalized Earnings | $3M |
| Discount Rate (WACC) | 11.1% - 8.6% |
| Enterprise Value | $28M - $37M |
| Net Debt | $8M |
| Equity Value | $20M - $29M |
| Outstanding Shares | 1M |
| Fair Value | $35 - $49 |
| Selected Fair Value | $42.27 |
| Metric | Value |
|---|---|
| Market Capitalization | $199M |
| Enterprise Value | $207M |
| Trailing P/E | 12.57 |
| Forward P/E | 13.56 |
| Trailing EV/EBITDA | 8.35 |
| Current Dividend Yield | 165.74% |
| Dividend Growth Rate (5Y) | -2.95% |
| Debt-to-Equity Ratio | 0.06 |
To determine the most reliable intrinsic value estimate, we weigh each valuation method based on:
| Valuation Method | Weight | Weighted Value |
|---|---|---|
| Discounted Cash Flow (10Y) | 30% | $105.97 |
| Discounted Cash Flow (5Y) | 25% | $83.73 |
| Dividend Discount Model (Multi-Stage) | 20% | $51.34 |
| Dividend Discount Model (Stable) | 15% | $45.17 |
| Earnings Power Value | 10% | $4.23 |
| Weighted Average | 100% | $290.44 |
Based on our comprehensive valuation analysis, Martin Currie Global Portfolio Trust PLC's weighted average intrinsic value is $290.44, which is approximately 15.3% below the current market price of $343.00.
Key investment considerations:
Given these factors, we believe Martin Currie Global Portfolio Trust PLC is currently moderately overvalued with the potential for long-term appreciation based on the company's growth trajectory and financial strength.