Capital Drilling Ltd (CAPD) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Capital Drilling Ltd £0.78, price £1.20, upside -35.1%, quality 41 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Oct 4, 2026.
How to read this chart
60‑month range £0.5657 – £1.53 · fair‑value band £0.4915 – £1.19 · the £1.20 price screens above the £0.7756 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 4, 2026.
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Capital Limited, together with its subsidiaries, provides drilling, mining, mineral assaying, and surveying services.
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Capital Limited, together with its subsidiaries, provides drilling, mining, mineral assaying, and surveying services. It offers exploration drilling services, including air core, reverse circulation, diamond core, directional, and deep hole diamond; underground drilling services; geochemical analysis laboratory services; and grade control drilling services, such as advanced/deep grade control, shallow grade control, reverse circulation, and underground diamond drilling. The company also provides blast hole drilling services that include pre-splits, down the hole, and rotary top hammer services; load and haul, rehandling, management, and equipment hire and maintenance services; and hydraulic, general maintenance and fabrication, mining supplies, asset rentals, and asset and component rebuild services. In addition, it offers core orientation, rig aligners and rig alignment, borehole management, geophysical logging, and gyro survey services; directional drilling equipment and management; and engages in rental, sale, and training of core orientation tools, magnetic survey cameras, and MEMS gyros. The company operates in Canada, Côte d'Ivoire, the Democratic Republic of Congo, Egypt, Gabon, Ghana, Guinea, Kenya, Mali, Mauritania, Pakistan, Saudi Arabia, Tanzania, the United States of America, and Zambia. The company was formerly known as Capital Drilling Limited and changed its name to Capital Limited in June 2020. Capital Limited was incorporated in 2003 and is headquartered in London, the United Kingdom.
Stock analysis
Capital Drilling Ltd (CAPD) currently trades at £1.20, while our model-based Fair Value estimate is £0.7756, 35.1% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of £3.69 per share, and 21 of the 26 models we run sit above the £1.20 price.
Bear case: the Dividend Discount group reads lowest at £0.2200, and 5 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: £0.4915 (bear) to £1.19 (bull), the price of £1.20 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 41/100 (below-average quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Capital Drilling Ltd reported revenue of $353M in FY2025 versus $227M in FY2021, a compound +11.7%/yr. Reported net income was $70.8M in FY2025, compounding +0.2%/yr from FY2021.
Key figures
Market cap 277M GBX · P/E ratio 4.4 · P/S ratio 0.89 · EPS (TTM) £0.2700 · Dividend yield 1.6% · Net margin 20.1% · Return on equity 22.0% · Return on assets (EBIT) 11.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 24% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −35%, CAPD screens richer than that median.
Fair Value models
Bear £0.4915Fair Value £0.7756Bull £1.19
Price £1.20 · Upside -35.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (£0.1907 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.Evidence ⓘEvidence = 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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+1.4%
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.
+6.7%
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.
+21.2%
Start year 2020 (pandemic). Over 10 years: +16.2% a year
Revenue growth 18 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%
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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. Basis: EBIT basis.
≈ +10.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.6%
Dividend (yield on the price)1.6%
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%
⚠ Rate on operating basis: 2025 sits 224% above its own trend.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than 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).
−7.3%
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.
+9.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −9.5% a year for the price and +6.4% 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.Other Industrial Metals & Mining · 380 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score41 · Above median
Fair Value upside−35.1% · Below median
Profitability
Return on equity (TTM)22.0% · Top 25%
Return on assets6.6% · Top 25%
Net margin (TTM)19.1% · Top 25%
Operating margin (TTM)15.0% · Above median
Growth and dividend
Revenue growth37.6% · Above median
Dividend yield (TTM)1.6% · Above median
Balance sheet
Debt / equity0.20× · Above median
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
P/E (TTM)4.4× · Cheapest 25%
P/B0.97× · Cheaper than median
P/S (TTM)0.90× · Cheapest 25%
P/FCF8.5× · Cheapest 25%
EV/EBITDA3.7× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 77
PAST (return on equity)88· sector 0
HEALTH (low debt)90· sector 95
DIVIDEND (yield)33· 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.
Is Capital Drilling Ltd (CAPD) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of £0.7756 versus a price of £1.20, about −35% upside (overvalued).
What is the fair value of CAPD?
Our model-based fair value for Capital Drilling Ltd is £0.7756 (as of Oct 4, 2026), built from audited fundamentals. The current price: £1.20.
What is the quality score of CAPD?
Capital Drilling Ltd has a Quality Score of 41/100. 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 Capital Drilling Ltd (CAPD)?
Our model-based price target is the fair value of £0.7756 (as of Oct 4, 2026) from 26 valuation models. Cautious scenario £0.4915, optimistic scenario £1.19. It is a calculation from audited fundamentals, not an analyst target.
What is the Capital Drilling Ltd stock forecast for 2026?
Our models put fair value at £0.7756, about −35% upside versus a price of £1.20 (overvalued). Cautious scenario £0.4915, optimistic scenario £1.19. The calculation is refreshed regularly with new filings.
What is the revenue of Capital Drilling Ltd (CAPD)?
Capital Drilling Ltd reported trailing-twelve-month revenue of about $406M (latest available figure, as of Oct 4, 2026).
Does Capital Drilling Ltd pay a dividend?
Capital Drilling Ltd currently shows a dividend yield of about 1.64% relative to its recent price (as of Oct 4, 2026).
What growth is priced into Capital Drilling Ltd (CAPD)?
For today's price to be fair in a discounted-cash-flow model, Capital Drilling Ltd would have to grow free cash flow by -7.3 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +21.2 % per year. As of Oct 4, 2026.
What discount rate (WACC) does the fair value of CAPD use?
Our models discount Capital Drilling Ltd at 10.9 %: a base by market capitalisation (small), damped by beta 0.70, 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 Capital Drilling Ltd that is -7.3 % per year a year over ten years, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Capital Drilling Ltd (CAPD) delivered so far?
Over the past 5 years revenue at Capital Drilling Ltd grew +21.2 % a year. The price currently implies -7.3 % per year free-cash-flow growth a 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 Capital Drilling Ltd (CAPD) growing?
The median revenue growth in the sector is +11.1 % a year. That is the yardstick for the growth priced into Capital Drilling Ltd (-7.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Capital Drilling Ltd (CAPD)?
The free-cash-flow yield on the price is 11.72 %: that much free cash flow Capital Drilling Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Capital Drilling Ltd (CAPD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Capital Drilling Ltd it is £0.7756 per share (as of Oct 4, 2026), against a price of £1.20. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Capital Drilling Ltd stock overvalued or undervalued in 2026?
As of Oct 4, 2026, CAPD trades above its calculated fair value: price £1.20, fair value £0.7756, a gap of about −35% (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 CAPD?
No. The price is what the market pays today (£1.20); the fair value is what the company's own numbers justify (£0.7756). For Capital Drilling Ltd the two are £0.4194 per share apart. That gap is exactly why we show both numbers side by side.
How much is Capital Drilling Ltd worth?
The market values Capital Drilling Ltd at about 277M GBX (market capitalisation, as of Oct 4, 2026). Per share that is £1.20; our models calculate a fair value of £0.7756 per share.
What do the bullish and bearish scenarios say about CAPD?
Our models span a range for Capital Drilling Ltd: cautious scenario £0.4915, base £0.7756, optimistic £1.19 per share (as of Oct 4, 2026, price £1.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CAPD?
Capital Drilling Ltd trades at a price-to-earnings ratio of 4.4 (as of Oct 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £0.7756 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 30.0 (reported for FY2025: 4.6). Other multiples: P/B 1.0, P/S 0.9, EV/EBITDA 3.7.
How solid is the balance sheet of Capital Drilling Ltd (CAPD)?
Balance-sheet figures for Capital Drilling Ltd (as of Oct 4, 2026): return on equity 22.0%, debt of 0.20 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is CAPD from its 52-week high?
Capital Drilling Ltd trades at £1.20, about 22% below its 52-week high of £1.53 and 24% above the low of £0.9616 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of £0.7756 is for.
Which stocks are comparable to Capital Drilling Ltd?
From the same area (Basic Materials) we also value Saudi Arabian Mining Company, CMOC Group, Fortescue Ltd, Hindustan Zinc 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 Capital Drilling Ltd stock attractive at the current price?
The data as of Oct 4, 2026: price £1.20, calculated fair value £0.7756 (−35%), Quality Score 41/100, from 26 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 CAPD calculated?
We run Capital Drilling Ltd through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of £0.7756, 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 15.0 % above its aggregate fair value. Capital Drilling Ltd 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 Capital Drilling Ltd (CAPD)?
The closing price on Oct 2, 2026 was £1.20. Our model-based fair value is £0.7756, about −35% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Capital Drilling Ltd right now?
Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (£0.4915 to £1.19) leaves room in how you read the outcome.
Key figures of Capital Drilling Ltd
How large is the market capitalisation of Capital Drilling Ltd (CAPD)?
The market capitalisation of Capital Drilling Ltd is 277M GBX. 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 Capital Drilling Ltd (CAPD)?
The price-to-sales ratio of Capital Drilling Ltd is 0.89 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Capital Drilling Ltd (CAPD)?
Earnings per share at Capital Drilling Ltd are £0.2700 (price ÷ EPS = P/E 4.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Capital Drilling Ltd (CAPD)?
The dividend yield of Capital Drilling Ltd is 1.6% (payout 53.9%, on adjusted earnings, reported 8.3%). 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 Capital Drilling Ltd (CAPD)?
The net margin of Capital Drilling Ltd is 20.1% (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 Capital Drilling Ltd (CAPD)?
The return on equity (ROE) of Capital Drilling Ltd is 22.0% (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 Capital Drilling Ltd (CAPD)?
On an EBIT basis the return on assets of Capital Drilling Ltd is 11.7% (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 Capital Drilling Ltd (CAPD)?
The operating margin of Capital Drilling Ltd is 15.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Capital Drilling Ltd (CAPD)?
Revenue at Capital Drilling Ltd is growing +37.6% versus a year earlier (3y avg +6.7%). 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 Capital Drilling Ltd (CAPD)?
Earnings per share at Capital Drilling Ltd are growing +29.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Capital Drilling Ltd (CAPD) carry?
The net debt of Capital Drilling Ltd is $67.6M (fiscal year 2025, ≈ 1.6 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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