As of May 22, 2025, Pembroke VCT PLC has a Discounted Cash Flow (DCF) derived fair value of $0.00 per share. With the current market price at $93.00, this represents a potential upside of -157.3%.
| Key Metrics | Value |
|---|---|
| DCF Fair Value (5-year) | $0.00 |
| DCF Fair Value (10-year) | $0.00 |
| Potential Upside (5-year) | -162.0% |
| Potential Upside (10-year) | -157.3% |
| Discount Rate (WACC) | 7.0% - 9.2% |
| Fiscal Year | Revenue (USD millions) | Growth |
|---|---|---|
| 03-2024 | (5) | 28% |
| 03-2025 | (5) | 5% |
| 03-2026 | (6) | 4% |
| 03-2027 | (6) | 2% |
| 03-2028 | (6) | 2% |
| 03-2029 | (6) | 2% |
| 03-2030 | (6) | 2% |
| 03-2031 | (6) | 2% |
| 03-2032 | (7) | 6% |
| 03-2033 | (7) | 4% |
| 03-2034 | (7) | 2% |
Net profit margin is expected to improve from 203% in 03-2024 to -1026% by 03-2034, driven by operational efficiency and economies of scale.
| Fiscal Year | Net Profit (USD millions) | Profit Margin |
|---|---|---|
| 03-2024 | (10) | 203% |
| 03-2025 | (9) | -875% |
| 03-2026 | (9) | -888% |
| 03-2027 | (9) | -887% |
| 03-2028 | (9) | -891% |
| 03-2029 | (9) | -894% |
| 03-2030 | (9) | -908% |
| 03-2031 | (9) | -923% |
| 03-2032 | (10) | -974% |
| 03-2033 | (10) | -1006% |
| 03-2034 | (10) | -1026% |
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 | (4) |
| Days Inventory | 0 |
| Days Payables | 249 |
| Fiscal Year | EBITDA | Tax | CapEx | Change in NWC | FCF |
|---|---|---|---|---|---|
| 6M/2025 | (5) | (1) | (0) | 1 | (5) |
| 2026 | (11) | (2) | (0) | (0) | (9) |
| 2027 | (11) | (2) | (0) | (0) | (8) |
| 2028 | (11) | (2) | (0) | 0 | (9) |
| 2029 | (11) | (2) | (0) | 0 | (9) |
| Valuation Method | Fair Price (USD) | Potential Upside |
|---|---|---|
| 5-Year DCF (Growth) | 0.00 | -162.0% |
| 10-Year DCF (Growth) | 0.00 | -157.3% |
| 5-Year DCF (EBITDA) | 0.00 | -100.0% |
| 10-Year DCF (EBITDA) | 0.00 | -100.0% |
Is Pembroke VCT PLC (PEMB.L) a buy or a sell? Pembroke VCT PLC is definitely a sell. Based on our DCF analysis, Pembroke VCT PLC (PEMB.L) appears to be overvalued with upside potential of -157.3%. 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 $93.00.