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F&C UK High Income Trust plc (CHI) Fair Value & Analysis

Financial Services · GB · Market cap 141M GBX

FC F&C UK High Income Trust plc CHI · LSE
Price£1.14
Fair Value£1.79
Upside+57.0%
Quality97/100
Evidence: High Range £1.34 – £2.24

Fair value as of: Jun 26, 2026

From 22 valuation models · updated 3 days ago

Share price +1.8% over the past month.

Price vs Fair Value (12 months)

£1.22 £0.9562 Fair Value £1.79 Jun 2025 Jun 2026

12‑month range £0.9562 – £1.22 · fair‑value band £1.34 – £2.24 · the £1.14 price screens below the £1.79 fair value. As of Jun 26, 2026.

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Analysis

F&C UK High Income Trust plc (CHI) currently trades at £1.14, while our model-based Fair Value estimate is £1.79 — implying the stock looks roughly 57.0% undervalued today. We read business quality at 97/100 (high 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.

Over the trailing twelve months, F&C UK High Income Trust plc generated revenue of £18.7M at a net margin of 88.9%. Revenue grew 30.8% year over year. It earns a return on equity of 14.2%. Net debt stands at £12.8M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 18.7M GBX
Revenue growth (YoY) +30.8%
Net margin 88.9%
Return on equity 14.2%
Free cash flow 5.2M GBX FY2025
P/E ratio 8.3
More key figures
Operating margin 94.2%
EPS (TTM) £0.1400
Dividend yield 5.1%
EPS growth (YoY) +33.9%
Net debt 12.8M GBX FY2026

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

About the company

F&C UK High Income Trust plc operates as an investment trust, which invests in a portfolio of equities and fixed interest securities in the United Kingdom. The trust's equity portfolio comprises investments in large capitalization equities operating in the financial resources, noncyclical consumer goods, cyclical services, noncyclical services, general industrials, utilities, basic industries, and information technology sectors. Its fixed interest securities primarily consist of corporate bonds. F&C Investment Business Limited operates as the investment manager to the trust. The company was formerly known as Investors Capital Trust plc and changed its name to F&C UK High Income Trust plc on January 31, 2017. F&C UK High Income Trust plc is based in Edinburgh, the United Kingdom.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

F&C UK High Income Trust plc reported revenue of £15.5M in FY2025 versus £33.0M in FY2021, a compound −17.2%/yr. Reported net income was £14.0M in FY2025, compounding −18.8%/yr from FY2021.

Revenue −17.2%/yr
FY21 £33.0M
FY22 £3.2M
FY23 £207K
FY24 £12.7M
FY25 £15.5M
Net income −18.8%/yr
FY21 £32.3M
FY22 £2.4M
FY23 −£583K
FY24 £11.2M
FY25 £14.0M

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Frequently asked questions

Is F&C UK High Income Trust plc (CHI) undervalued?
As of Jun 26, 2026, our model estimates a fair value of £1.79 versus a price of £1.14 — about +57% (undervalued). Model-based estimate, not financial advice.
What is the fair value of CHI?
Our 21-model fair value for F&C UK High Income Trust plc is £1.79 (as of Jun 26, 2026), built from audited fundamentals. The current price is £1.14.
What is the quality score of CHI?
F&C UK High Income Trust plc has a Quality Score of 97/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of F&C UK High Income Trust plc (CHI)?
F&C UK High Income Trust plc reported trailing-twelve-month revenue of about £18.7M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of CHI?
The net profit margin of F&C UK High Income Trust plc is about 88.9%, meaning it keeps roughly 88.9% of revenue as net income. Based on the latest reported figures.
Does F&C UK High Income Trust plc pay a dividend?
F&C UK High Income Trust plc currently shows a dividend yield of about 5.09% 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.