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Conygar Investment Co PLC (CIC) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Conygar Investment Co PLC stock £0.74, price £0.30, upside +150.2%, quality 68 out of 100. Rating: strongly undervalued. Calculated from audited financials with 7 of our 26 valuation models and 37 quality factors, updated daily.

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Real Estate GB · ISIN GB0033698720

CI Conygar Investment Co PLC logo Thin data Nov 7, 2026

Conygar Investment Co PLC

CIC · LSE
Undervalued, but in a downtrend

The stock costs 60% less than our calculation considers fair.

Fair value £0.7380 · Strongly undervalued
Quality 68/100
Low debt
Generates free cash flow
Ranks above peers (9/12)
Revenue last quarter +94% vs. a year ago.
Mixed Growth (revenue 5y +67.2 %/yr in GBP)
Loss-making · -29.5% net margin (TTM)
Narrow moat 35/100 · thin data
Thin data
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

£1.69 £0.2250 Fair Value £0.7380 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.

How to read this chart

60‑month range £0.2250 – £1.69 · fair‑value band £0.3740 – £0.9820 · the £0.2950 price screens below the £0.7380 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.

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Company profile

The Conygar Investment Company PLC (Conygar) is an AIM quoted property investment and development group dealing in UK property. Our aim is to invest in property assets and companies where we can add value using our property management, development and transaction structuring skills.

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The business operates two major strands, being property investment and property development. Assets are recycled to release capital as opportunities present themselves and we will continue to buy-back shares where appropriate.

However, in order to progress our pipeline of development projects, in particular at TIQ, we will need to raise substantial amounts either as debt, through asset sales, or from joint ventures and are continuing our discussions in that regard.

The Conygar Investment Company PLC was established on September 22, 2003 and incorporated in United Kingdom.

Stock analysis

Conygar Investment Co PLC (CIC) currently trades at £0.2950, while our model-based Fair Value estimate is £0.7380, implying the stock looks roughly 60% undervalued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of £6.12 per share, and 7 of the 7 models we run sit above the £0.2950 price.

Bear case: the Asset-Based group reads lowest at £0.4400, and 0 of the 7 models stay below the price. Data coverage for this calculation is low.

Scenario range: £0.3740 (bear) to £0.9820 (bull), the price of £0.2950 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 68/100 (solid quality), in the Real Estate sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Conygar Investment Co PLC reported revenue of £21.9M in FY2025 versus £2.6M in FY2021, a compound +69.7%/yr. Reported net income was −£19.5M in FY2025.

Key figures

Market cap £17.6M Micro · P/S ratio 0.56 · EPS (TTM) £−0.1600 · Net margin −29.5% · Return on equity −16.1% · Return on assets (EBIT) −9.0% (5-year average) · Operating margin 68.6% · Revenue (TTM) £32.1M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).

What moves the price

The share trades about 20% below its 52-week high and 31% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at 33% fair-value upside, at 150%, CIC screens cheaper than that median.

Fair Value models

Bear £0.3740 Fair Value £0.7380 Bull £0.9820
Price £0.2950 · Upside +150.2%
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. 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.
Best data coverage
FCF DCF £4.31 £6.75 £14.52 75
Growth DCF £4.05 £7.50 £14.46 74
5Y Revenue Exit £2.63 £4.33 £7.82 70
All 7 models by family
DCF Models
FCF DCF £4.31 £6.75 £14.52 75
5Y Revenue Exit £2.63 £4.33 £7.82 70
10Y Revenue Exit £3.06 £6.04 £8.04 66
Multiples
EV/Revenue £1.02 £1.79 £2.55 52
Asset-Based
NCAV (Graham) £0.3300 £0.4400 £0.6600 54
Growth DCF
Growth DCF £4.05 £7.50 £14.46 74
Rev-Margin DCF £2.54 £4.74 £8.45 70

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Quality Score breakdown

Overall quality 68/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 4
How much profit the company makes from its sales and capital
Quality Growth 100
Are margins and returns getting better?
Cashflow 98
Do the profits arrive as real cash?
Financial strength 37
Debt, balance sheet and risk of trouble
Investment 95
Does it invest with discipline instead of growing at any price?
Low Volatility 95
How calm the share price moves, does not count
Price momentum 52
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 31
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

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Revenue & earnings trend

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. 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+268.4%
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.
+45.8%
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.
+67.2%
Start year 2020 (pandemic). Over 10 years: +6.4% a year
Revenue growth 21 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.
+26.0%
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.
−70.5% (2020) → −64.9% (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

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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.Real Estate - Development · 489 stocks

Beats the industry median on 8/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 68 · Top 25%
Fair Value upside +150.2% · Top 25%
Profitability
Return on assets −19.3% · Bottom 25%
Net margin (12 months) −29.5% · Bottom 25%
Operating margin (12 months) 68.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 94.0% · Top 25%

Valuation Multiplesvs Real Estate - Development median · lower = cheaper

P/B 0.42× · Cheaper than median
P/S (12 months) 0.55× · Cheapest 25%
Price / free cash flow (fiscal year) 1.5× · Cheapest 25%
EV/EBITDA 1.0× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 68
FUTURE (revenue growth)100 · sector 0
PAST (return on equity)0 · sector 17
HEALTH (low debt)100 · sector 83
DIVIDEND (yield)0 · sector 61

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
China Resources Land Limited 1109 HK$32.02 HK$80.05 +150% vs CIC
China Overseas Land & Investment Limited 0688 HK$13.18 HK$22.51 +71% vs CIC
Vinhomes Joint Stock Company VHM 62,100 VND 105,995 VND +71% vs CIC
CK Asset Holdings 1113 HK$49.12 HK$72.05 +47% vs CIC
Sun Hung Kai Properties Limited 0016 HK$117.70 HK$156.00 +33% vs CIC
Poly Developments and Holdings 600048 ¥5.60 ¥5.87 +5% vs CIC
China Merchants Shekou Industrial Zone Holdings 001979 ¥7.84 ¥5.64 −28% vs CIC
Lodha Developers Limited LODHA ₹1,179 ₹271.92 −77% vs CIC
DLF Limited DLF ₹752.90 ₹167.48 −78% vs CIC
Hongkong Land Holdings H78 $8.28 $1.52 −82% vs CIC

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Conygar Investment Co PLC: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Conygar Investment Co PLC Fair Value". https://www.fairvalue-calculator.com/stock/CIC

Frequently asked questions

Is Conygar Investment Co PLC (CIC) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of £0.7380 versus a price of £0.2950, about +150% upside (undervalued).
What is the fair value of CIC?
Our model-based fair value for Conygar Investment Co PLC is £0.7380 (as of Nov 7, 2026), built from audited fundamentals. The current price: £0.2950.
What is the quality score of CIC?
Conygar Investment Co PLC has a Quality Score of 68/100. 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 Conygar Investment Co PLC (CIC)?
Our model-based price target is the fair value of £0.7380 (as of Nov 7, 2026) from 7 valuation models. Cautious scenario £0.3740, optimistic scenario £0.9820. It is a calculation from audited fundamentals, not an analyst target.
What is the Conygar Investment Co PLC stock forecast for 2026?
Our models put fair value at £0.7380, about +150% upside versus a price of £0.2950 (undervalued). Cautious scenario £0.3740, optimistic scenario £0.9820. The calculation is refreshed regularly with new filings.
What is the revenue of Conygar Investment Co PLC (CIC)?
Conygar Investment Co PLC reported trailing-twelve-month revenue of about £32.1M (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of Conygar Investment Co PLC (CIC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Conygar Investment Co PLC it is £0.7380 per share (as of Nov 7, 2026), against a price of £0.2950. It is the blended result of 7 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Conygar Investment Co PLC stock overvalued or undervalued in 2026?
As of Nov 7, 2026, CIC trades below its calculated fair value: price £0.2950, fair value £0.7380, a gap of about +150% (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 CIC?
No. The price is what the market pays today (£0.2950); the fair value is what the company's own numbers justify (£0.7380). For Conygar Investment Co PLC the two are £0.4430 per share apart. That gap is exactly why we show both numbers side by side.
How much is Conygar Investment Co PLC worth?
The market values Conygar Investment Co PLC at about £17.6M (market capitalisation, as of Nov 7, 2026). Per share that is £0.2950; our models calculate a fair value of £0.7380 per share.
What do the bullish and bearish scenarios say about CIC?
Our models span a range for Conygar Investment Co PLC: cautious scenario £0.3740, base £0.7380, optimistic £0.9820 per share (as of Nov 7, 2026, price £0.2950). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Conygar Investment Co PLC (CIC)?
Balance-sheet figures for Conygar Investment Co PLC (as of Nov 7, 2026): return on equity −16.1%. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is CIC from its 52-week high?
Conygar Investment Co PLC trades at £0.2950, about 20% below its 52-week high of £0.3700 and 31% above the low of £0.2250 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of £0.7380 is for.
Which stocks are comparable to Conygar Investment Co PLC?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, CK Asset Holdings, DLF Limited, 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 Conygar Investment Co PLC stock attractive at the current price?
The data as of Nov 7, 2026: price £0.2950, calculated fair value £0.7380 (+150%), Quality Score 68/100, from 7 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 CIC calculated?
We run Conygar Investment Co PLC through 7 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of £0.7380 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 13.3% above its aggregate fair value. Conygar Investment Co PLC currently trades 60% 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 Conygar Investment Co PLC (CIC)?
The closing price on Nov 6, 2026 was £0.2950. Our model-based fair value is £0.7380, about +150% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Conygar Investment Co PLC right now?
The price is below even our cautious bear case (£0.3740). The market is more pessimistic than our downside scenario. The model range is unusually wide (£0.3740 to £0.9820). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.

Key figures of Conygar Investment Co PLC

How large is the market capitalisation of Conygar Investment Co PLC (CIC)?
The market capitalisation of Conygar Investment Co PLC is £17.6M. 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 Conygar Investment Co PLC (CIC)?
The price-to-sales ratio of Conygar Investment Co PLC is 0.56 (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 Conygar Investment Co PLC (CIC)?
Earnings per share at Conygar Investment Co PLC are £−0.1600. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Conygar Investment Co PLC (CIC)?
The net margin of Conygar Investment Co PLC is −29.5% (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 Conygar Investment Co PLC (CIC)?
The return on equity (ROE) of Conygar Investment Co PLC is −16.1% (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 Conygar Investment Co PLC (CIC)?
On an EBIT basis the return on assets of Conygar Investment Co PLC is −9.0% (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 Conygar Investment Co PLC (CIC)?
The operating margin of Conygar Investment Co PLC is 68.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Conygar Investment Co PLC (CIC)?
Revenue at Conygar Investment Co PLC is growing +94.0% versus a year earlier (3y avg +45.8%). 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 Conygar Investment Co PLC (CIC)?
Earnings per share at Conygar Investment Co PLC are growing +373% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Conygar Investment Co PLC (CIC) generate?
The free cash flow of Conygar Investment Co PLC is £11.6M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Conygar Investment Co PLC (CIC) carry?
The net debt of Conygar Investment Co PLC is £44.8M (fiscal year 2025, ≈ 3.9 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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