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Celtic plc (CCPA) Fair Value & Analysis

Communication Services · GB · Market cap 185M GBX

CP Celtic plc CCPA · LSE
Price£2.31
Fair Value£5.03
Upside+117.7%
Quality61/100
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Expensive Growth
Thin margins · 9.1% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/11)
Narrow moat 31/100
Evidence: High Range £3.11 – £9.22 Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from £4.54 to £5.03 (+10.8%) since Jul 15, 2026. Share price −3.4% over the past month.

A solid business, screening 118% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (£3.11). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (£3.11 to £9.22). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

£2.55 £0.2337 Fair Value £5.03 Feb 2008 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range £0.2337 – £2.55 · fair‑value band £3.11 – £9.22 · the £2.31 price screens below the £5.03 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Celtic plc (CCPA) currently trades at £2.31, while our model-based Fair Value estimate is £5.03, implying the stock looks roughly 117.7% undervalued today. The Quality Score stands at 61/100 (solid quality), in the Communication 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.

Over the trailing twelve months, Celtic plc generated revenue of £120M at a net margin of 9.1%. Revenue declined 28.8% year over year. It earns a return on equity of 6.8%. The balance sheet holds a net cash position of £72.4M. Fundamentals as of Jul 18, 2026

Our scenario range runs from £3.11 (bear case) to £9.22 (bull case); at £2.31, the current price sits below 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 Communication Services peers we cover trades at -52% fair-value upside, at 118%, CCPA 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 £1.56 £1.81 £2.11 80
Residual Income £1.88 £2.68 £11.02 76
Rev-Margin DCF £2.86 £4.38 £6.11 74
All 26 models by family
DCF Models
FCF DCF £1.56 £1.86 £2.23 38
Owner Earnings £4.29 £5.68 £7.43 31
5Y Revenue Exit £2.86 £4.41 £6.43 39
5Y EBITDA Exit £3.96 £6.47 £9.44 41
5Y P/E Exit £4.12 £6.78 £9.60 38
10Y Revenue Exit £2.19 £3.32 £4.89 36
10Y EBITDA Exit £2.86 £4.54 £6.86 37
10Y P/E Exit £2.95 £4.73 £6.97 35
Earnings-Based
Graham-Dodd £2.46 £7.90 £10.54 54
Lynch FV £1.75 £2.50 £3.25 50
PEG = 1.0 £1.75 £2.50 £3.25 46
EPV £3.14 £3.42 £3.65 59
Dividend Discount
Gordon GGM £0.0400 £0.0600 £0.0800 70
DDM Multi-Stage £0.0400 £0.0600 £0.0700 61
Multiples
P/E Multiple £5.97 £7.96 £9.95 63
P/S Multiple £4.02 £5.36 £6.70 58
P/B Multiple £4.36 £5.81 £7.26 55
EV/EBIT £6.22 £8.02 £9.82 53
EV/EBITDA £6.46 £8.34 £10.22 54
EV/Revenue £4.04 £5.42 £6.80 43
Asset-Based
NCAV (Graham) £0.8300 £1.11 £1.66 50
Growth DCF
Growth DCF £1.56 £1.81 £2.11 80
Rev-Margin DCF £2.86 £4.38 £6.11 74
Economic Profit
Residual Income £1.88 £2.68 £11.02 76
ROIC Compounder £3.25 £3.67 £4.10 72
Growth Earnings
Growth-Adj P/E £4.97 £7.09 £9.22 68

Widest divergence: Growth Earnings (£7.09) versus Dividend Discount (£0.0600). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 120M GBX
Revenue growth (YoY) -28.8%
Net margin 9.1%
Return on equity 6.8%
Free cash flow 8.3M GBX FY2025
P/E ratio 0.2
More key figures
Operating margin -5.0%
EPS (TTM) £14.70
EPS growth (YoY) -69.4%
Net cash 72.4M GBX FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 63 · Market factors (momentum, volatility) 75

Profitability 61
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 27
Earnings quality: real cash, not paper profit
Fin. Strength 95
Balance sheet, leverage, solvency risk
Investment 32
Disciplined investing over empire-building
Low Volatility 99
Calm price path (market factor)
Momentum 66
Price trend over the last 3–12 months (market factor)
52W Momentum 63
Distance to the 52-week high (market factor)
Net Issuance 90
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

Celtic plc, together with its subsidiaries, operates a professional football club in the United Kingdom. It operates through three segments: Football and Stadium Operations; Merchandising; and Multimedia and Other Commercial Activities.

Full company description

Celtic plc, together with its subsidiaries, operates a professional football club in the United Kingdom. It operates through three segments: Football and Stadium Operations; Merchandising; and Multimedia and Other Commercial Activities. The company is involved in the operation of a professional football club activities, including football operations and investment; operation of the Celtic FC Youth Academy; match ticketing; merchandising; partner programs; marketing and brand protection; multimedia; stadium operations; facilities and property; catering and hospitality; public and supporter relations; and human resources. It also engages in retail, wholesale, and e-commerce activities, as well as sale of rights and sponsorships. The company was formerly known as The Celtic Football and Athletic Company Limited and changed its name to Celtic plc in December 1994. Celtic plc was founded in 1887 and is based in Glasgow, the United Kingdom.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Celtic plc reported revenue of £144M in FY2025 versus £60.8M in FY2021, a compound +24.0%/yr. Reported net income was £33.9M in FY2025.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
£144M
Latest YoY
+15.3%
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.
+17.6%
Avg. growth/yr (5Y) 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.
+15.4%
Avg. growth/yr (35Y) 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.
+9.0%
Revenue +24.0%/yr
FY21 £60.8M
FY22 £88.2M
FY23 £120M
FY24 £125M
FY25 £144M
Net income
FY21 −£12.6M
FY22 £5.8M
FY23 £33.3M
FY24 £13.4M
FY25 £33.9M

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Cite: Fair Value Calculator (2026). "Celtic plc Fair Value". https://www.fairvalue-calculator.com/stock/CCPA

Peer Group

Entertainment · 265 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 61 · Top 25%
Fair Value upside +118% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets -3% · Below median
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) -5% · Below median
Revenue growth -29% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Entertainment median · lower = cheaper

P/E (TTM) 0.2× · Cheaper than 75% of peers
P/FCF 30.2× · 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 100 · sector 6
FUTURE 0 · sector 10
PAST 27 · sector 0
HEALTH 100 · sector 97
DIVIDEND 0 · sector 44

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 Entertainment stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Netflix, Inc ZNFL C$6.77 C$2.96 -56%
The Walt Disney Company DIS $96.30 $89.55 -7%
Warner Bros. Discovery, Inc WBD $26.87 $9.13 -66%
Live Nation Entertainment, Inc LYV $178.44 $46.89 -74%
Universal Music Group UMG €18.91 €14.78 -22%
TKO Group TKO $184.40 $22.16 -88%
Empresas Cablevisión, S.A. CABLECPO 55.00 MXN 60.49 MXN +10%
Beijing Enlight Media Co 300251 ¥11.77 ¥10.97 -7%
PT MNC Digital Entertainment Tbk, MSIN 456.00 IDR 221.09 IDR -52%
Prime Focus Limited PFOCUS ₹298.25 ₹63.45 -79%

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Frequently asked questions

Is Celtic plc (CCPA) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of £5.03 versus a price of £2.31, about +118% (undervalued).
What is the fair value of CCPA?
Our model-based fair value for Celtic plc is £5.03 (as of Jul 18, 2026), built from audited fundamentals. The current price is £2.31.
What is the quality score of CCPA?
Celtic plc has a Quality Score of 61/100. 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 Celtic plc (CCPA)?
Celtic plc reported trailing-twelve-month revenue of about £120M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of CCPA?
The net profit margin of Celtic plc is about 9.1%, meaning it keeps roughly 9.1% of revenue as net income. Based on the latest reported figures.

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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