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Calculus VCT plc (CLC) Fair Value & Analysis

Financial Services · GB · Market cap 51.9M GBX

CV Calculus VCT plc CLC · LSE
Price£0.5325
Fair Value£0.2300
Upside-56.8%
Quality95/100
Evidence: High Range £0.1700 – £0.2800

Fair value as of: Jun 26, 2026

From 15 valuation models · updated 3 days ago

Price vs Fair Value (12 months)

£0.5325 £0.5190 Fair Value £0.2300 Jun 2025 Jun 2026

12‑month range £0.5190 – £0.5325 · fair‑value band £0.1700 – £0.2800 · the £0.5325 price screens above the £0.2300 fair value. As of Jun 26, 2026.

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Analysis

Calculus VCT plc (CLC) currently trades at £0.5325, while our model-based Fair Value estimate is £0.2300 — implying the stock looks roughly 56.8% overvalued today. We read business quality at 95/100 (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: high).

Over the trailing twelve months, Calculus VCT plc generated revenue of £3.0M at a net margin of 59.7%. Revenue declined 56.1% year over year. It earns a return on equity of 3.1%. The stock trades on a trailing P/E of 17.8. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 3.0M GBX
Revenue growth (YoY) -56.1%
Net margin 59.7%
Return on equity 3.1%
Free cash flow −549K GBX FY2025
P/E ratio 17.8
More key figures
Operating margin -320%
EPS (TTM) £0.0300
Dividend yield 5.5%
EPS growth (YoY) -77.9%
Net cash 640K GBX FY2025

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

About the company

Calculus VCT plc, formerly known as Investec Structured Products Calculus VCT PLC, is a venture capital trust specializing in venture capital investments. The firm prefers to invest in UK regions. The firm seek to invest in Technology, Healthcare and Entertainment sectors.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Calculus VCT plc reported revenue of £1.6M in FY2025 versus £547K in FY2021, a compound +30.9%/yr. Reported net income was £1.3M in FY2025, compounding +46.6%/yr from FY2021.

Revenue +30.9%/yr
FY21 £547K
FY22 £2.2M
FY23 £969K
FY24 £453K
FY25 £1.6M
Net income +46.6%/yr
FY21 £280K
FY22 £1.9M
FY23 £648K
FY24 −£494K
FY25 £1.3M

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Frequently asked questions

Is Calculus VCT plc (CLC) undervalued?
As of Jun 26, 2026, our model estimates a fair value of £0.2300 versus a price of £0.5325 — about −57% (overvalued). Model-based estimate, not financial advice.
What is the fair value of CLC?
Our 21-model fair value for Calculus VCT plc is £0.2300 (as of Jun 26, 2026), built from audited fundamentals. The current price is £0.5325.
What is the quality score of CLC?
Calculus VCT plc has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Calculus VCT plc (CLC)?
Calculus VCT plc reported trailing-twelve-month revenue of about £3.0M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of CLC?
The net profit margin of Calculus VCT plc is about 59.7%, meaning it keeps roughly 59.7% of revenue as net income. Based on the latest reported figures.
Does Calculus VCT plc pay a dividend?
Calculus VCT plc currently shows a dividend yield of about 5.45% 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.