Eleco PLC (ELCO) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Eleco PLC stock £1.03, price £2.31, that is 55.4% below the price, quality 71 out of 100. Rating: strongly overvalued. Calculated from audited financials with 23 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 £0.6120 – £2.31 · fair‑value band £0.7800 – £1.29 · the £2.31 price screens above the £1.03 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Eleco plc provides software and related services in the United Kingdom, Scandinavia, Germany, the rest of Europe, the United States, and internationally.
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The company's products and solutions include IconSystem for the design standards and data management; Asta, comprising Asta Powerproject, Asta Powerproject Asta Vision, and Asta Powerproject 4D for planning and project management; PM3 and PM3Time, an outcome-driven portfolio, program, and project management tool to run everything from stand-alone projects through to large-scale business change programmes; and ShireSystem, a combined maintenance (CMMS) and facilities (CAFM) software to manage multiple locations and assets.
It also offers Bidcon, construction estimating software to reduce risk and increase productivity throughout the lifecycle of a project.
In addition, the company provides Staircon, a solution that helps to design standard staircases, as well as Statcon and Framing; and PEMAC, a computerized maintenance management system. Further, it provides training, consultancy, and technical support services.
The company serves the construction, built-environment, life sciences, energy and utilities sectors. The company was formerly known as Elecosoft plc and changed its name to Eleco plc in July 2020. Eleco plc was founded in 1895 and is headquartered in London, the United Kingdom.
Stock analysis
Eleco PLC (ELCO) currently trades at £2.31, while our model-based Fair Value estimate is £1.03, 55% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of £1.57 per share, and 0 of the 23 models we run sit above the £2.31 price.
Bear case: the Dividend Discount group reads lowest at £0.1100, and 23 of the 23 models stay below the price. Data coverage for this calculation is high.
Scenario range: £0.7800 (bear) to £1.29 (bull), the price of £2.31 sits above 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 71/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Eleco PLC reported revenue of £38.8M in FY2025 versus £27.3M in FY2021, a compound +9.2%/yr. Reported net income was £1.3M in FY2025, compounding −16.7%/yr from FY2021.
Key figures
Market cap £195M Micro · P/E ratio 46.2 · P/S ratio 4.84 · EPS (TTM) £0.0500 · Dividend yield 0.4% · Net margin 9.5% · Return on equity 11.3% · Return on assets (EBIT) 8.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 122% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −55%, ELCO screens richer than that median.
Fair Value models
Bear£0.7800Fair Value £1.03Bull£1.29
Price £2.31 · Downside -55.4%
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 (£0.0352 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.78/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+19.8%
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.
+13.5%
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.
+9.0%
Start year 2020 (pandemic). Over 10 years: +9.8% a year
Revenue growth 39 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.
+0.9%
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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.
−13.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−13.7%
Dividend (yield on the price)0.4%
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.−13.7% vs −0.4%, slowing
Profit margin 2020 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.16% → 14%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what 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).
+8.7%
Yearly growth needed for the next five years to justify today's price.
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.
+7.2%
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 +6.3% a year for the price and +4.7% for the forecasts.
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.Software - Application · 628 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside−55.4% · Below median
Profitability
Return on equity (12 months)11.3% · Above median
Return on assets2.2% · Below median
Net margin (12 months)9.5% · Above median
Operating margin (12 months)21.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)8.2% · Above median
Dividend yield (12 months)0.4% · Bottom 25%
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (12 months)46.2× · Pricier than median
P/B6.17× · 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.
P/S (12 months)4.84× · Pricier than median
Price / free cash flow (fiscal year)16.2× · Cheaper than median
EV/EBITDA15.6× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 29
FUTURE (revenue growth)41· sector 41
PAST (return on equity)45· sector 20
HEALTH (low debt)100· sector 98
DIVIDEND (yield)8· sector 29
VALUE 0: the price sits above our fair-value range.
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). "Eleco PLC Fair Value". https://www.fairvalue-calculator.com/stock/ELCO
Frequently asked questions
Is Eleco PLC (ELCO) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of £1.03 versus a price of £2.31, about 55% lower (overvalued).
What is the fair value of ELCO?
Our model-based fair value for Eleco PLC is £1.03 (as of Nov 8, 2026), built from audited fundamentals. The current price: £2.31.
What is the quality score of ELCO?
Eleco PLC has a Quality Score of 71/100. 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 Eleco PLC (ELCO)?
Our model-based price target is the fair value of £1.03 (as of Nov 8, 2026) from 23 valuation models. Cautious scenario £0.7800, optimistic scenario £1.29. It is a calculation from audited fundamentals, not an analyst target.
What is the Eleco PLC stock forecast for 2026?
Our models put fair value at £1.03, about 55% lower versus a price of £2.31 (overvalued). Cautious scenario £0.7800, optimistic scenario £1.29. The calculation is refreshed regularly with new filings.
What is the revenue of Eleco PLC (ELCO)?
Eleco PLC reported trailing-twelve-month revenue of about £40.3M (latest available figure, as of Nov 8, 2026).
Does Eleco PLC pay a dividend?
Eleco PLC currently shows a dividend yield of 0.39% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Eleco PLC (ELCO) and when is the ex-dividend date?
Eleco PLC pays a dividend of £0.009 per share a year, a dividend yield of 0.4%. The last ex-dividend date was Jun 18, 2026. A dividend has been paid every year since 2021. The payout ratio is 18.0% of earnings. Free cash flow covers the dividend 16.07 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 Eleco PLC (ELCO)?
For today's price to be fair in a discounted-cash-flow model, Eleco PLC would have to grow free cash flow by +8.7 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.0 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of ELCO use?
Our models discount Eleco PLC at 11.8 %: a base by market capitalisation (micro), damped by beta 0.48, 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 Eleco PLC that is +8.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Eleco PLC (ELCO) delivered so far?
Over the past 5 years revenue at Eleco PLC grew +9.0 % a year. The price currently implies free-cash-flow growth of +8.7 % 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 Eleco PLC (ELCO) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Eleco PLC (+8.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Eleco PLC (ELCO)?
The free-cash-flow yield on the price is 6.19 %: that much free cash flow Eleco PLC produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Eleco PLC (ELCO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Eleco PLC it is £1.03 per share (as of Nov 8, 2026), against a price of £2.31. It is the blended result of 23 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Eleco PLC stock overvalued or undervalued in 2026?
As of Nov 8, 2026, ELCO trades above its calculated fair value: price £2.31, fair value £1.03, a gap of about −55% (overvalued). 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 ELCO?
No. The price is what the market pays today (£2.31); the fair value is what the company's own numbers justify (£1.03). For Eleco PLC the two are £1.28 per share apart. That gap is exactly why we show both numbers side by side.
How much is Eleco PLC worth?
The market values Eleco PLC at about £195M (market capitalisation, as of Nov 8, 2026). Per share that is £2.31; our models calculate a fair value of £1.03 per share.
What do the bullish and bearish scenarios say about ELCO?
Our models span a range for Eleco PLC: cautious scenario £0.7800, base £1.03, optimistic £1.29 per share (as of Nov 8, 2026, price £2.31). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ELCO?
Eleco PLC trades at a price-to-earnings ratio of 46.2 (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 £1.03 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 24.7. Other multiples: P/B 6.2, P/S 4.8, EV/EBITDA 15.6.
How solid is the balance sheet of Eleco PLC (ELCO)?
Balance-sheet figures for Eleco PLC (as of Nov 8, 2026): return on equity 11.3%. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is ELCO from its 52-week high?
Eleco PLC trades at £2.31, at its 52-week high of £2.31 and 122% above the low of £1.04 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of £1.03 is for.
Which stocks are comparable to Eleco PLC?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, 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 Eleco PLC stock attractive at the current price?
The data as of Nov 8, 2026: price £2.31, calculated fair value £1.03 (−55%), Quality Score 71/100, from 23 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 ELCO calculated?
We run Eleco PLC through 23 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of £1.03 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. Eleco PLC itself currently trades above fair value. 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 Eleco PLC (ELCO)?
The closing price on Nov 9, 2026 was £2.31. Our model-based fair value is £1.03, about 55% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Eleco PLC right now?
The price sits above even our optimistic bull case (£1.29). The favourable scenario is already priced in. Solid but not exceptional quality (71/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Eleco PLC (ELCO) come from?
Earnings per share at Eleco PLC grew −2.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.3 %, EBIT margin +5.4 %, tax rate −3.2 %, residual (interest, one-offs) −10.3 %. 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 Eleco PLC
How large is the market capitalisation of Eleco PLC (ELCO)?
The market capitalisation of Eleco PLC is £195M. 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 Eleco PLC (ELCO)?
The price-to-sales ratio of Eleco PLC is 4.84 (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 Eleco PLC (ELCO)?
Earnings per share at Eleco PLC are £0.0500 (price ÷ EPS = P/E 46.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Eleco PLC (ELCO)?
The dividend yield of Eleco PLC is 0.4% (payout 18.0%). 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 Eleco PLC (ELCO)?
The net margin of Eleco PLC is 9.5% (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 Eleco PLC (ELCO)?
The return on equity (ROE) of Eleco PLC is 11.3% (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 Eleco PLC (ELCO)?
On an EBIT basis the return on assets of Eleco PLC is 8.7% (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 Eleco PLC (ELCO)?
The operating margin of Eleco PLC is 21.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Eleco PLC (ELCO)?
Revenue at Eleco PLC is growing +8.2% versus a year earlier (3y avg +13.5%). 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 Eleco PLC (ELCO)?
Earnings per share at Eleco PLC are growing +146% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Eleco PLC (ELCO) hold?
Eleco PLC holds more cash than debt, £15.1M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 8, 2026