Ceps PLC (CEPS) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of Ceps PLC stock £0.74, price £0.38, upside +94.7%, quality 44 out of 100. Rating: strongly undervalued. Calculated from audited financials with 10 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 10, 2026.
How to read this chart
60‑month range £0.1750 – £1.63 · fair‑value band £0.5300 – £0.9900 · the £0.3800 price screens below the £0.7400 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 10, 2026.
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CEPS PLC operates as an industrial trading holding company in the United Kingdom, rest of Europe, and internationally. It operates through Aford Awards and Signature Fabrics segments. The Aford Awards segment offers sports trophies and engraving services.
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The Signature Fabrics segment converts and distributes specialist lycra; and designs and manufactures leotards. The company provides building control, gas and electrical safety, and gas safety consultancy services, as well as act as clerical works.
The company was incorporated in 1952 and is based in Bath, the United Kingdom.
Stock analysis
Ceps PLC (CEPS) currently trades at £0.3800, while our model-based Fair Value estimate is £0.7400, implying the stock looks roughly 49% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of £1.10 per share, and 7 of the 10 models we run sit above the £0.3800 price.
Bear case: the Multiples group reads lowest at £0.1550, and 3 of the 10 models stay below the price. Data coverage for this calculation is low.
Scenario range: £0.5300 (bear) to £0.9900 (bull), the price of £0.3800 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 44/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Ceps PLC reported revenue of £9.9M in FY2025 versus £20.3M in FY2021, a compound −16.5%/yr. Reported net income was −£737K in FY2025.
Key figures
Market cap £8.0M Micro · P/S ratio 3.98 · EPS (TTM) £0.3700 · Net margin −7.5% · Return on equity 90.5% · Return on assets (EBIT) 7.9% (5-year average) · Operating margin 3.3% · Revenue growth (YoY) −46.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at 95%, CEPS screens cheaper than that median.
Fair Value models
Bear£0.5300Fair Value £0.7400Bull£0.9900
Price £0.3800 · Upside +94.7%
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 (£0.3193 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−68.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−28.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−3.6%
Start year 2020 (pandemic). Over 10 years: −5.9% a year
Revenue growth 40 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.1%
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Profit margin (trend) ⓘ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.
2.1% (2020) → −2.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−10.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about −12.3% a year for the price.
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.Engineering & Construction · 826 stocks
Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside+94.7% · Top 25%
Profitability
Return on equity (12 months)90.5% · Top 25%
Return on assets−3.3% · Bottom 25%
Net margin (12 months)−7.5% · Bottom 25%
Operating margin (12 months)3.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)−46.5% · Bottom 25%
Balance sheet
Debt / equity2.12× · Highest 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/B3.85× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
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). "Ceps PLC Fair Value". https://www.fairvalue-calculator.com/stock/CEPS
Frequently asked questions
Is Ceps PLC (CEPS) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of £0.7400 versus a price of £0.3800, about +95% upside (undervalued).
What is the fair value of CEPS?
Our model-based fair value for Ceps PLC is £0.7400 (as of Nov 10, 2026), built from audited fundamentals. The current price: £0.3800.
What is the quality score of CEPS?
Ceps PLC has a Quality Score of 44/100. 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 Ceps PLC (CEPS)?
Our model-based price target is the fair value of £0.7400 (as of Nov 10, 2026) from 10 valuation models. Cautious scenario £0.5300, optimistic scenario £0.9900. It is a calculation from audited fundamentals, not an analyst target.
What is the Ceps PLC stock forecast for 2026?
Our models put fair value at £0.7400, about +95% upside versus a price of £0.3800 (undervalued). Cautious scenario £0.5300, optimistic scenario £0.9900. The calculation is refreshed regularly with new filings.
What growth is priced into Ceps PLC (CEPS)?
For today's price to be fair in a discounted-cash-flow model, Ceps PLC would have to grow free cash flow by -10.3 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -3.6 % per year. As of Nov 10, 2026.
What discount rate (WACC) does the fair value of CEPS use?
Our models discount Ceps PLC at 10.3 %: a base by market capitalisation (nano), 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 Ceps PLC that is -10.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Ceps PLC (CEPS) delivered so far?
Over the past 5 years revenue at Ceps PLC grew -3.6 % a year. The price currently implies free-cash-flow growth of -10.3 % 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 Ceps PLC (CEPS) growing?
The median revenue growth in the sector is +4.4 % a year. That is the yardstick for the growth priced into Ceps PLC (-10.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ceps PLC (CEPS)?
The free-cash-flow yield on the price is 27.26 %: that much free cash flow Ceps PLC produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ceps PLC (CEPS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ceps PLC it is £0.7400 per share (as of Nov 10, 2026), against a price of £0.3800. It is the blended result of 10 valuation models in 3 families (DCF Models, Multiples, Growth DCF).
Is Ceps PLC stock overvalued or undervalued in 2026?
As of Nov 10, 2026, CEPS trades below its calculated fair value: price £0.3800, fair value £0.7400, a gap of about +95% (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 CEPS?
No. The price is what the market pays today (£0.3800); the fair value is what the company's own numbers justify (£0.7400). For Ceps PLC the two are £0.3600 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ceps PLC worth?
The market values Ceps PLC at about £8.0M (market capitalisation, as of Nov 10, 2026). Per share that is £0.3800; our models calculate a fair value of £0.7400 per share.
What do the bullish and bearish scenarios say about CEPS?
Our models span a range for Ceps PLC: cautious scenario £0.5300, base £0.7400, optimistic £0.9900 per share (as of Nov 10, 2026, price £0.3800). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Ceps PLC (CEPS)?
Balance-sheet figures for Ceps PLC (as of Nov 10, 2026): return on equity 90.5%, debt of 2.12 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is CEPS from its 52-week high?
Ceps PLC trades at £0.3800, about 16% below its 52-week high of £0.4500 and 23% above the low of £0.3100 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of £0.7400 is for.
Which stocks are comparable to Ceps PLC?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, Inc, 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 Ceps PLC stock attractive at the current price?
The data as of Nov 10, 2026: price £0.3800, calculated fair value £0.7400 (+95%), Quality Score 44/100, from 10 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 CEPS calculated?
We run Ceps PLC through 10 models from 3 families: DCF Models, Multiples, Growth DCF. Every model gets the same audited fundamentals; the fair value of £0.7400 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 14.0% above its aggregate fair value. Ceps PLC currently trades 49% 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 Ceps PLC (CEPS)?
The closing price on Nov 11, 2026 was £0.3800. Our model-based fair value is £0.7400, about +95% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ceps PLC right now?
The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (£0.5300). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (£0.5300 to £0.9900) leaves room in how you read the outcome.
Key figures of Ceps PLC
How large is the market capitalisation of Ceps PLC (CEPS)?
The market capitalisation of Ceps PLC is £8.0M. 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 Ceps PLC (CEPS)?
The price-to-sales ratio of Ceps PLC is 3.98 (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 Ceps PLC (CEPS)?
Earnings per share at Ceps PLC are £0.3700. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ceps PLC (CEPS)?
The net margin of Ceps PLC is −7.5% (fiscal year 2025). 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 Ceps PLC (CEPS)?
The return on equity (ROE) of Ceps PLC is 90.5% (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 Ceps PLC (CEPS)?
On an EBIT basis the return on assets of Ceps PLC is 7.9% (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 Ceps PLC (CEPS)?
The operating margin of Ceps PLC is 3.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ceps PLC (CEPS)?
Revenue at Ceps PLC is growing −46.5% versus a year earlier (3y avg −28.0%). 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 Ceps PLC (CEPS)?
Earnings per share at Ceps PLC are growing +32.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Ceps PLC (CEPS) carry?
The net debt of Ceps PLC is £7.0M (fiscal year 2025, ≈ 3.2 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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Nov 10, 2026