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Artemis UK Future Leaders Plc (AFL) Fair Value & Analysis

Financial Services · GB · Market cap 107M GBX

AU Artemis UK Future Leaders Plc AFL · LSE
Price£3.45
Fair Value£1.96
Upside-43.1%
Quality97/100
Evidence: Low Range £1.13 – £2.61

Fair value as of: Jun 26, 2026

From 5 valuation models · updated 3 days ago

Share price −3.0% over the past month.

Price vs Fair Value (12 months)

£3.76 £3.16 Fair Value £1.96 Jun 2025 Jun 2026

12‑month range £3.16 – £3.76 · fair‑value band £1.13 – £2.61 · the £3.45 price screens above the £1.96 fair value. As of Jun 26, 2026.

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Analysis

Artemis UK Future Leaders Plc (AFL) currently trades at £3.45, while our model-based Fair Value estimate is £1.96 — implying the stock looks roughly 43.1% overvalued today. We read business quality at 97/100 (high quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: low).

Revenue declined 81.3% year over year. It earns a return on equity of -14.6%. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) −21.1M GBX
Revenue growth (YoY) -81.3%
Return on equity -14.6%
Free cash flow 21.8M GBX FY2025
Operating margin 82.8%
EPS (TTM) £-0.6700
More key figures
Dividend yield 4.3%
EPS growth (YoY) -73.6%
Net cash 497K GBX FY2026

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Artemis UK Future Leaders Plc is a closed-ended equity mutual fund launched and managed by Invesco Fund Managers Limited. It is co-managed by Invesco Asset Management Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in reasonably priced growth (GARP) stocks of small and mid cap companies. It employs fundamental analysis focusing on factors like anticipated market strength, financial strength, and competitive advantages to create its portfolio. The fund benchmarks the performance of its portfolio against the Numis Smaller Companies Index (excluding Investment Companies). Artemis UK Future Leaders Plc was formed on Mar 1, 1988 and is domiciled in the United Kingdom.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Artemis UK Future Leaders Plc reported revenue of −£1.0M in FY2025 versus −£7.2M in FY2021. Reported net income was −£2.5M in FY2025.

Revenue
FY21 −£7.2M
FY22 £36.3M
FY23 −£37.7M
FY24 −£5.6M
FY25 −£1.0M
Net income
FY21 −£7.6M
FY22 £35.9M
FY23 −£38.1M
FY24 −£7.4M
FY25 −£2.5M

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Frequently asked questions

Is Artemis UK Future Leaders Plc (AFL) undervalued?
As of Jun 26, 2026, our model estimates a fair value of £1.96 versus a price of £3.45 — about −43% (overvalued). Model-based estimate, not financial advice.
What is the fair value of AFL?
Our 21-model fair value for Artemis UK Future Leaders Plc is £1.96 (as of Jun 26, 2026), built from audited fundamentals. The current price is £3.45.
What is the quality score of AFL?
Artemis UK Future Leaders Plc has a Quality Score of 97/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the net profit margin of AFL?
The net profit margin of Artemis UK Future Leaders Plc is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does Artemis UK Future Leaders Plc pay a dividend?
Artemis UK Future Leaders Plc currently shows a dividend yield of about 4.26% relative to its recent price (as of Jun 26, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.