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abrdn UK Smaller Companies Growth Trust plc (AUSC) Fair Value & Analysis

Financial Services · GB · Market cap 224M GBX

AU abrdn UK Smaller Companies Growth Trust plc AUSC · LSE
Price£4.97
Fair Value£6.24
Upside+25.6%
Quality53/100
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Weak Growth
Thin margins · 0.0% net margin
Low debt · generates free cash flow
2.83% dividend yield
Trails peers (4/12)
Moderate moat 49/100
Evidence: High Range £4.68 – £7.80 Share as image

Fair value as of: Jul 12, 2026

From 13 valuation models · updated 29 days ago

Share price +6.6% over the past month.

A solid business, screening 26% undervalued on our models.

What matters now

  • Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

£6.56 £3.20 Fair Value £6.24 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range £3.20 – £6.56 · fair‑value band £4.68 – £7.80 · the £4.97 price screens below the £6.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

Full chart & analysis →

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Analysis

abrdn UK Smaller Companies Growth Trust plc (AUSC) currently trades at £4.97, while our model-based Fair Value estimate is £6.24, implying the stock looks roughly 25.6% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Trailing-twelve-month revenue stands at £88.0K. Revenue declined 60.5% year over year. It earns a return on equity of -1.5%. Net debt stands at £23.8M. Fundamentals as of Jul 12, 2026

Our scenario range runs from £4.68 (bear case) to £7.80 (bull case); at £4.97, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Financial Services peers we cover trades at -12% fair-value upside, at 26%, AUSC screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF £2.09 £3.50 £5.69 80
Residual Income £5.29 £5.17 £4.32 76
Rev-Margin DCF £1.21 £1.95 £3.52 74
All 13 models by family
DCF Models
Owner Earnings £2.21 £4.52 £8.56 31
5Y P/E Exit £2.99 £6.92 £12.27 38
10Y P/E Exit £2.70 £6.16 £11.81 35
Earnings-Based
Graham-Dodd £2.50 £17.41 £24.43 54
Lynch FV £8.99 £12.85 £16.70 50
Dividend Discount
Gordon GGM £1.26 £2.10 £2.73 70
DDM Multi-Stage £1.26 £2.00 £2.26 61
Multiples
P/E Multiple £3.58 £4.77 £5.97 63
P/B Multiple £4.68 £6.24 £7.80 55
Asset-Based
NCAV (Graham) £3.85 £5.15 £7.69 50
Growth DCF
Growth DCF £2.09 £3.50 £5.69 80
Rev-Margin DCF £1.21 £1.95 £3.52 74
Economic Profit
Residual Income £5.29 £5.17 £4.32 76

Widest divergence: Earnings-Based (£12.85) versus Growth DCF (£1.95). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 88.0K GBX
Revenue growth (YoY) -60.5%
Return on equity -1.5%
Free cash flow 9.6M GBX FY2025
Operating margin 109%
EPS (TTM) £-0.1200
More key figures
Dividend yield 2.8%
EPS growth (YoY) -59.0%
Net debt 23.8M GBX FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 53 · Market factors (momentum, volatility) 61

Profitability 35
Margins and returns on capital today
Quality Growth 1
Are margins and returns improving?
Cashflow 51
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 69
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

abrdn UK Smaller Companies Growth Trust plc is a closed-ended equity mutual fund launched by Standard Life Investments Limited. The fund is managed by Standard Life Investments (Corporate Funds) Limited. It invests in the public equity markets of the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.

Full company description

abrdn UK Smaller Companies Growth Trust plc is a closed-ended equity mutual fund launched by Standard Life Investments Limited. The fund is managed by Standard Life Investments (Corporate Funds) Limited. It invests in the public equity markets of the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in stocks of mid and small-cap companies. The fund benchmarks the performance of its portfolio against the Numis Smaller Companies Index (excluding Investment Companies). It is actively managed. The fund was formerly known as Standard Life UK Smaller Companies Trust plc. abrdn UK Smaller Companies Growth Trust plc was formed on July 9, 1993 and is domiciled in the United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

abrdn UK Smaller Companies Growth Trust plc reported revenue of £20.4M in FY2025 versus £52.0M in FY2021, a compound −20.9%/yr. Reported net income was £17.1M in FY2025, compounding −46.9%/yr from FY2021.

Growth Quality 29/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
£20.4M
Latest YoY
−67.3%
Avg. growth/yr (3Y) 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.
−23.1%
Avg. growth/yr (21Y) 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.
+2.7%
Revenue −20.9%/yr
FY21 £52.0M
FY22 £44.9M
FY23 £13.1M
FY24 £62.3M
FY25 £20.4M
Net income −46.9%/yr
FY21 £216M
FY22 −£192M
FY23 −£38.6M
FY24 £56.5M
FY25 £17.1M

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Cite: Fair Value Calculator (2026). "abrdn UK Smaller Companies Growth Trust plc Fair Value". https://www.fairvalue-calculator.com/stock/AUSC

Peer Group

Asset Management · 971 stocks

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.

Quality Score 52 · Below median
Fair Value upside +26% · Above median
Return on assets -0% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) 109% · Top 25%
Revenue growth -61% · Bottom 25%
Dividend yield (TTM) 2.8% · Below median
Debt / equity 0.07× · Lower than median

Valuation Multiples vs Asset Management median · lower = cheaper

P/B 0.84× · Cheaper than median
P/FCF 31.5× · Pricier than 75% of peers
EV/EBITDA 18.2× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 67 · sector 37
FUTURE 0 · sector 6
PAST 0 · sector 26
HEALTH 97 · sector 95
DIVIDEND 57 · sector 69

Insider activity: 40/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Fondul Proprietatea SA FP $0.0420 $0.0800 +90%
BlackRock, Inc BLK $1,136 $465.75 -59%
Blackstone Inc BX $124.56 $16.35 -87%
Investor AB INVEB kr 423.70 kr 847.40 +100%
Brookfield Corporation BN C$62.45 C$10.12 -84%
KKR & Co KKR $100.94 $44.88 -56%
AB Industrivärden INDUA kr 532.50 kr 1,065 +100%
Jio Financial Services Limited JIOFIN ₹242.98 ₹40.19 -83%
Hedef Holding HEDEF 267.25 TRY 320.98 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹10,398 ₹9,202 -12%

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Frequently asked questions

Is abrdn UK Smaller Companies Growth Trust plc (AUSC) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of £6.24 versus a price of £4.97, about +26% (undervalued).
What is the fair value of AUSC?
Our model-based fair value for abrdn UK Smaller Companies Growth Trust plc is £6.24 (as of Jul 12, 2026), built from audited fundamentals. The current price is £4.97.
What is the quality score of AUSC?
abrdn UK Smaller Companies Growth Trust plc has a Quality Score of 53/100. 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 revenue of abrdn UK Smaller Companies Growth Trust plc (AUSC)?
abrdn UK Smaller Companies Growth Trust plc reported trailing-twelve-month revenue of about £88.0K (latest available figure, as of Jul 12, 2026).
What is the net profit margin of AUSC?
The net profit margin of abrdn UK Smaller Companies Growth Trust plc is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does abrdn UK Smaller Companies Growth Trust plc pay a dividend?
abrdn UK Smaller Companies Growth Trust plc currently shows a dividend yield of about 2.77% relative to its recent price (as of Jul 12, 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.

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