KRM22 Plc (KRM) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of KRM22 Plc stock £0.48, price £0.34, upside +40.0%, quality 45 out of 100. Rating: undervalued. Calculated from audited financials with 2 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 7, 2026.
How to read this chart
60‑month range £0.1760 – £1.56 · fair‑value band £0.2890 – £0.7395 · the £0.3400 price screens below the £0.4760 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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KRM22 Plc, together with its subsidiaries, develops and sells risk management software to the financial services industry in the United Kingdom, Europe, the United States, and internationally.
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The company offers Risk Cockpit, a digital risk register and incident management portal that brings risk policies and operational controls to life through a proven risk assessment workflow; and Market Surveillance that offers analytics and contextual market surveillance to help capital market firms to identify and manage the potential risks of market abuse and operational breaches.
It also provides Limits Manager that combats time consuming and error prone processes by maintaining, auditing, and approving trading limits across multiple platforms in one centralised application; and Risk Manager which integrates the functionality from the At-Trade P&L and Post-Trade stress applications helping firms achieve risk management monitoring.
The company was founded in 2017 and is headquartered in London, the United Kingdom.
Stock analysis
KRM22 Plc (KRM) currently trades at £0.3400, while our model-based Fair Value estimate is £0.4760, implying the stock looks roughly 29% undervalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 96/100, which puts the data coverage at low.
Scenario range: £0.2890 (bear) to £0.7395 (bull), the price of £0.3400 sits inside 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 45/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
KRM22 Plc reported revenue of £7.4M in FY2025 versus £4.1M in FY2021, a compound +15.9%/yr. Reported net income was −£2.0M in FY2025.
Key figures
Market cap £20.2M Micro · P/S ratio 2.68 · EPS (TTM) £−0.0100 · Net margin −27.2% · Return on equity −60.7% · Return on assets (EBIT) −25.5% (5-year average) · Operating margin −8.5% · Revenue (TTM) £7.6M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 26% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at 40%, KRM screens cheaper than that median.
Fair Value models
Bear£0.2890Fair Value £0.4760Bull£0.7395
Price £0.3400 · Upside +40.0%
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
Growth DCF£0.3400£0.5600£0.870076
Rev-Margin DCF£0.2600£0.3800£0.540072
All 2 models by family
Growth DCF
Growth DCF£0.3400£0.5600£0.870076
Rev-Margin DCF£0.2600£0.3800£0.540072
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.49/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+9.9%
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.
+20.3%
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.
+10.1%
Start year 2020 (pandemic)
Revenue growth 7 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.
+28.5%
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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.
−117.9% (2020) → −21.3% (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).
−10.2%
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.Asset Management · 587 stocks
Beats the industry median on 3/8 measures
Overall it trails its industry peers.
Valuation
Quality Score45 · Bottom 25%
Fair Value upside+40.0% · Above median
Profitability
Return on assets−17.0% · Bottom 25%
Net margin (12 months)−9.5% · Bottom 25%
Operating margin (12 months)−8.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)5.3% · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
P/B3.97× · 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)2.64× · Cheaper than median
Price / free cash flow (fiscal year)8.5× · 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). "KRM22 Plc Fair Value". https://www.fairvalue-calculator.com/stock/KRM
Frequently asked questions
Is KRM22 Plc (KRM) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of £0.4760 versus a price of £0.3400, about +40% upside (undervalued).
What is the fair value of KRM?
Our model-based fair value for KRM22 Plc is £0.4760 (as of Nov 7, 2026), built from audited fundamentals. The current price: £0.3400.
What is the quality score of KRM?
KRM22 Plc has a Quality Score of 45/100. 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 KRM22 Plc (KRM)?
Our model-based price target is the fair value of £0.4760 (as of Nov 7, 2026) from 2 valuation models. Cautious scenario £0.2890, optimistic scenario £0.7395. It is a calculation from audited fundamentals, not an analyst target.
What is the KRM22 Plc stock forecast for 2026?
Our models put fair value at £0.4760, about +40% upside versus a price of £0.3400 (undervalued). Cautious scenario £0.2890, optimistic scenario £0.7395. The calculation is refreshed regularly with new filings.
What is the revenue of KRM22 Plc (KRM)?
KRM22 Plc reported trailing-twelve-month revenue of about £7.6M (latest available figure, as of Nov 7, 2026).
What growth is priced into KRM22 Plc (KRM)?
For today's price to be fair in a discounted-cash-flow model, KRM22 Plc would have to grow free cash flow by -10.2 % 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 +10.1 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of KRM use?
Our models discount KRM22 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 KRM22 Plc that is -10.2 % 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 KRM22 Plc (KRM) delivered so far?
Over the past 5 years revenue at KRM22 Plc grew +10.1 % a year. The price currently implies free-cash-flow growth of -10.2 % 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 KRM22 Plc (KRM) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into KRM22 Plc (-10.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of KRM22 Plc (KRM)?
The free-cash-flow yield on the price is 11.76 %: that much free cash flow KRM22 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 KRM22 Plc (KRM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For KRM22 Plc it is £0.4760 per share (as of Nov 7, 2026), against a price of £0.3400. It is the blended result of 2 valuation models in 1 family (Growth DCF).
Is KRM22 Plc stock overvalued or undervalued in 2026?
As of Nov 7, 2026, KRM trades below its calculated fair value: price £0.3400, fair value £0.4760, a gap of about +40% (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 KRM?
No. The price is what the market pays today (£0.3400); the fair value is what the company's own numbers justify (£0.4760). For KRM22 Plc the two are £0.1360 per share apart. That gap is exactly why we show both numbers side by side.
How much is KRM22 Plc worth?
The market values KRM22 Plc at about £20.2M (market capitalisation, as of Nov 7, 2026). Per share that is £0.3400; our models calculate a fair value of £0.4760 per share.
What do the bullish and bearish scenarios say about KRM?
Our models span a range for KRM22 Plc: cautious scenario £0.2890, base £0.4760, optimistic £0.7395 per share (as of Nov 7, 2026, price £0.3400). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of KRM22 Plc (KRM)?
Balance-sheet figures for KRM22 Plc (as of Nov 7, 2026): return on equity −60.7%. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is KRM from its 52-week high?
KRM22 Plc trades at £0.3400, about 28% below its 52-week high of £0.4750 and 26% above the low of £0.2700 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of £0.4760 is for.
Which stocks are comparable to KRM22 Plc?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, KKR & Co, Apollo Global Management, 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 KRM22 Plc stock attractive at the current price?
The data as of Nov 7, 2026: price £0.3400, calculated fair value £0.4760 (+40%), Quality Score 45/100, from 2 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 KRM calculated?
We run KRM22 Plc through 2 models from 1 family: Growth DCF. Every model gets the same audited fundamentals; the fair value of £0.4760 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. KRM22 Plc currently trades 29% 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 KRM22 Plc (KRM)?
The closing price on Nov 6, 2026 was £0.3400. Our model-based fair value is £0.4760, about +40% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with KRM22 Plc right now?
The large discount to fair value meets weak quality (45/100). That raises the risk this is a value trap rather than a bargain. 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 (£0.2890 to £0.7395) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of KRM22 Plc
How large is the market capitalisation of KRM22 Plc (KRM)?
The market capitalisation of KRM22 Plc is £20.2M. 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 KRM22 Plc (KRM)?
The price-to-sales ratio of KRM22 Plc is 2.68 (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 KRM22 Plc (KRM)?
Earnings per share at KRM22 Plc are £−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of KRM22 Plc (KRM)?
The net margin of KRM22 Plc is −27.2% (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 KRM22 Plc (KRM)?
The return on equity (ROE) of KRM22 Plc is −60.7% (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 KRM22 Plc (KRM)?
On an EBIT basis the return on assets of KRM22 Plc is −25.5% (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 KRM22 Plc (KRM)?
The operating margin of KRM22 Plc is −8.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at KRM22 Plc (KRM)?
Revenue at KRM22 Plc is growing +5.3% versus a year earlier (3y avg +20.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does KRM22 Plc (KRM) hold?
KRM22 Plc holds more cash than debt, £5.0M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 7, 2026