As of June 1, 2025, Panoply Holdings PLC has a Discounted Cash Flow (DCF) derived fair value of $0.00 per share. With the current market price at $22.50, this represents a potential upside of -6141.2%.
| Key Metrics | Value |
|---|---|
| DCF Fair Value (5-year) | $0.00 |
| DCF Fair Value (10-year) | $0.00 |
| Potential Upside (5-year) | -3596.3% |
| Potential Upside (10-year) | -6141.2% |
| Discount Rate (WACC) | 5.9% - 7.1% |
Revenue is projected to grow from $84 million in 03-2024 to $582 million by 03-2034, representing a compound annual growth rate of approximately 21.4%.
| Fiscal Year | Revenue (USD millions) | Growth |
|---|---|---|
| 03-2024 | 84 | 1% |
| 03-2025 | 87 | 3% |
| 03-2026 | 97 | 12% |
| 03-2027 | 110 | 13% |
| 03-2028 | 145 | 32% |
| 03-2029 | 185 | 27% |
| 03-2030 | 241 | 31% |
| 03-2031 | 302 | 25% |
| 03-2032 | 378 | 25% |
| 03-2033 | 472 | 25% |
| 03-2034 | 582 | 23% |
Net profit margin is expected to improve from -26% in 03-2024 to -9% by 03-2034, driven by operational efficiency and economies of scale.
| Fiscal Year | Net Profit (USD millions) | Profit Margin |
|---|---|---|
| 03-2024 | (22) | -26% |
| 03-2025 | (20) | -23% |
| 03-2026 | (19) | -20% |
| 03-2027 | (18) | -17% |
| 03-2028 | (20) | -14% |
| 03-2029 | (21) | -11% |
| 03-2030 | (26) | -11% |
| 03-2031 | (31) | -10% |
| 03-2032 | (37) | -10% |
| 03-2033 | (43) | -9% |
| 03-2034 | (50) | -9% |
with a 5-year average of $0 million. Projected CapEx is expected to maintain at approximately 1% 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 | 1 |
| 03-2027 | 1 |
| 03-2028 | 1 |
| 03-2029 | 1 |
| 03-2030 | 1 |
Net working capital is expected to increase gradually, with projected changes affecting free cash flow.
| Components | Average Days |
|---|---|
| Days Receivables | 77 |
| Days Inventory | 0 |
| Days Payables | 32 |
| Fiscal Year | EBITDA | Tax | CapEx | Change in NWC | FCF |
|---|---|---|---|---|---|
| 6M/2025 | (10) | (1) | 0 | 2 | (11) |
| 2026 | (19) | (2) | 1 | 1 | (18) |
| 2027 | (17) | (2) | 1 | 1 | (17) |
| 2028 | (18) | (2) | 1 | 7 | (24) |
| 2029 | (18) | (2) | 1 | 6 | (22) |
| Valuation Method | Fair Price (USD) | Potential Upside |
|---|---|---|
| 5-Year DCF (Growth) | 0.00 | -3596.3% |
| 10-Year DCF (Growth) | 0.00 | -6141.2% |
| 5-Year DCF (EBITDA) | 0.00 | -100.0% |
| 10-Year DCF (EBITDA) | 0.00 | -100.0% |
Is Panoply Holdings PLC (TPX.L) a buy or a sell? Panoply Holdings PLC is definitely a sell. Based on our DCF analysis, Panoply Holdings PLC (TPX.L) appears to be overvalued with upside potential of -6141.2%. 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 $22.50.