Inchcape PLC (INCH) fair value: what the stock is really worth
As of Nov 12, 2026: fair value (intrinsic value) of Inchcape PLC stock £17.78, price £6.48, upside +174.6%, quality 62 out of 100. Rating: strongly undervalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range £5.31 – £8.55 · fair‑value band £13.33 – £22.22 · the £6.48 price screens below the £17.78 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Inchcape plc operates as an automotive distributor. It engages in the distribution, sales, and marketing of new and used vehicles, and parts.
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The company provides aftersales service and body shop repairs; and vehicle parts, maintenance, finance, and insurance products and services, as well as product planning, logistics, brand and marketing, channel management, and digital retail services.
It operates in the Asia Pacific, Europe, the Americas, and Africa. Inchcape plc was founded in 1847 and is headquartered in London, the United Kingdom.
Stock analysis
Inchcape PLC (INCH) currently trades at £6.48, while our model-based Fair Value estimate is £17.78, implying the stock looks roughly 64% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of £19.25 per share, and 22 of the 25 models we run sit above the £6.48 price.
Bear case: the Dividend Discount group reads lowest at £7.74, and 3 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: £13.33 (bear) to £22.22 (bull), the price of £6.48 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
Inchcape PLC reported revenue of £9.1B in FY2025 versus £6.9B in FY2021, a compound +7.2%/yr. Reported net income was £272M in FY2025, compounding +23.5%/yr from FY2021.
Key figures
Market cap £2.3B Mid · P/E ratio 10.4 · P/S ratio 0.25 · EPS (TTM) £0.6200 · Dividend yield 5.2% · Net margin 2.4% · Return on equity 19.4% · Return on assets (EBIT) 8.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The share trades about 24% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −12% fair-value upside, at 175%, INCH screens cheaper than that median.
Fair Value models
Bear£13.33Fair Value £17.78Bull£22.22
Price £6.48 · Upside +174.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (£0.2467 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+11.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.4%
Dividend (yield on the price)5.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.6.4% vs 6.0%, steady
Profit margin 2019 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 6%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−6.8%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about −9.0% a year for the price and +1.3% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (84 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Inchcape draws strength from its diversified brand and market portfolio that supports resilient volume growth in the Americas and Europe, yet its main weakness is the persistent margin drag in Australia from intensifying competition.
Main risk: Intensifying competition in Australia risks continuing to limit overall margin progress across the dealership operations despite the diversified portfolio.
Inchcape shows resilient volume growth in the Americas and Europe and Africa that offsets weakness elsewhere, supported by its diversified brand and market portfolio plus ongoing share buybacks. Australia remains the clear drag on margins amid intensifying competition. Will targeted actions there restore profitability in line with the stronger regions, or will those pressures continue to limit overall progress?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Auto & Truck Dealerships · 88 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside+174.6% · Top 25%
Profitability
Return on equity (12 months)19.4% · Top 25%
Return on assets4.7% · Above median
Net margin (12 months)2.4% · Above median
Operating margin (12 months)5.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)9.3% · Above median
Dividend yield (12 months)5.2% · Above median
Balance sheet
Debt / equity0.41× · Above median
Valuation Multiplesvs Auto & Truck Dealerships median · lower = cheaper
P/E (12 months)10.4× · Cheaper than median
P/B1.86× · Pricier than median
P/S (12 months)0.25× · Cheaper than median
Price / free cash flow (fiscal year)6.9× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Inchcape PLC Fair Value". https://www.fairvalue-calculator.com/stock/INCH
Frequently asked questions
Is Inchcape PLC (INCH) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of £17.78 versus a price of £6.48, about +175% upside (undervalued).
What is the fair value of INCH?
Our model-based fair value for Inchcape PLC is £17.78 (as of Nov 8, 2026), built from audited fundamentals. The current price: £6.48.
What is the quality score of INCH?
Inchcape PLC has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Inchcape PLC (INCH)?
Our model-based price target is the fair value of £17.78 (as of Nov 8, 2026) from 25 valuation models. Cautious scenario £13.33, optimistic scenario £22.22. It is a calculation from audited fundamentals, not an analyst target.
What is the Inchcape PLC stock forecast for 2026?
Our models put fair value at £17.78, about +175% upside versus a price of £6.48 (undervalued). Cautious scenario £13.33, optimistic scenario £22.22. The calculation is refreshed regularly with new filings.
What is the revenue of Inchcape PLC (INCH)?
Inchcape PLC reported trailing-twelve-month revenue of about £9.5B (latest available figure, as of Nov 8, 2026).
Does Inchcape PLC pay a dividend?
Inchcape PLC currently shows a dividend yield of 5.19% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Inchcape PLC (INCH) and when is the ex-dividend date?
Inchcape PLC pays a dividend of £0.336 per share a year, a dividend yield of 5.2%. The last ex-dividend date was Aug 6, 2026. A dividend has been paid every year since 2011. The payout ratio is 54.2% of earnings. Free cash flow covers the dividend 3.01 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Inchcape PLC (INCH)?
For today's price to be fair in a discounted-cash-flow model, Inchcape PLC would have to grow free cash flow by -6.8 % per year for five years (discount rate 10.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.9 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of INCH use?
Our models discount Inchcape PLC at 10.2 %: a base by market capitalisation (mid), damped by beta 0.98, country premium for United Kingdom. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Inchcape PLC that is -6.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.2 %) and the same formula as our fair value.
How much growth has Inchcape PLC (INCH) delivered so far?
Over the past 5 years revenue at Inchcape PLC grew +5.9 % a year. The price currently implies free-cash-flow growth of -6.8 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Inchcape PLC (INCH) growing?
The median revenue growth in the sector is +4.4 % a year. That is the yardstick for the growth priced into Inchcape PLC (-6.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Inchcape PLC (INCH)?
The free-cash-flow yield on the price is 14.56 %: that much free cash flow Inchcape PLC produces per unit of market value. When it exceeds the discount rate of our models (10.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Inchcape PLC (INCH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Inchcape PLC it is £17.78 per share (as of Nov 8, 2026), against a price of £6.48. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Inchcape PLC stock overvalued or undervalued in 2026?
As of Nov 8, 2026, INCH trades below its calculated fair value: price £6.48, fair value £17.78, a gap of about +175% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of INCH?
No. The price is what the market pays today (£6.48); the fair value is what the company's own numbers justify (£17.78). For Inchcape PLC the two are £11.31 per share apart. That gap is exactly why we show both numbers side by side.
How much is Inchcape PLC worth?
The market values Inchcape PLC at about £2.3B (market capitalisation, as of Nov 8, 2026). Per share that is £6.48; our models calculate a fair value of £17.78 per share.
What do the bullish and bearish scenarios say about INCH?
Our models span a range for Inchcape PLC: cautious scenario £13.33, base £17.78, optimistic £22.22 per share (as of Nov 8, 2026, price £6.48). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of INCH?
Inchcape PLC trades at a price-to-earnings ratio of 10.4 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £17.78 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 12.2. Other multiples: P/B 1.9, P/S 0.2, EV/EBITDA 3.5.
How solid is the balance sheet of Inchcape PLC (INCH)?
Balance-sheet figures for Inchcape PLC (as of Nov 8, 2026): return on equity 19.4%, debt of 0.41 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is INCH from its 52-week high?
Inchcape PLC trades at £6.48, about 24% below its 52-week high of £8.55 and 3% above the low of £6.26 (as of Nov 12, 2026). Distance from the high says nothing about value: that is what the fair value of £17.78 is for.
Which stocks are comparable to Inchcape PLC?
From the same area (Consumer Cyclical) we also value Carvana Co, Penske Automotive Group, D'Ieteren Group, Hotai Motor Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Inchcape PLC stock attractive at the current price?
The data as of Nov 8, 2026: price £6.48, calculated fair value £17.78 (+175%), Quality Score 62/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of INCH calculated?
We run Inchcape PLC through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of £17.78 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.3% above its aggregate fair value. Inchcape PLC currently trades 64% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Inchcape PLC (INCH)?
The closing price on Nov 12, 2026 was £6.48. Our model-based fair value is £17.78, about +175% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Inchcape PLC right now?
The price is below even our cautious bear case (£13.33). The market is more pessimistic than our downside scenario. Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Inchcape PLC (INCH) come from?
Earnings per share at Inchcape PLC grew +7.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.9 %, EBIT margin +2.1 %, tax rate +0.1 %, residual (interest, one-offs) +0.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Inchcape PLC
How large is the market capitalisation of Inchcape PLC (INCH)?
The market capitalisation of Inchcape PLC is £2.3B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Inchcape PLC (INCH)?
The price-to-sales ratio of Inchcape PLC is 0.25 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Inchcape PLC (INCH)?
Earnings per share at Inchcape PLC are £0.6200 (price ÷ EPS = P/E 10.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Inchcape PLC (INCH)?
The dividend yield of Inchcape PLC is 5.2% (payout 54.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Inchcape PLC (INCH)?
The net margin of Inchcape PLC is 2.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Inchcape PLC (INCH)?
The return on equity (ROE) of Inchcape PLC is 19.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Inchcape PLC (INCH)?
On an EBIT basis the return on assets of Inchcape PLC is 8.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Inchcape PLC (INCH)?
The operating margin of Inchcape PLC is 5.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Inchcape PLC (INCH)?
Revenue at Inchcape PLC is growing +9.3% versus a year earlier (3y avg +3.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Inchcape PLC (INCH)?
Earnings per share at Inchcape PLC are growing −25.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Inchcape PLC (INCH) carry?
The net debt of Inchcape PLC is £607M (fiscal year 2025, ≈ 1.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 8, 2026