Check 35,000+ stocks against 26 valuation models and 37 quality factors

Derwent London PLC (DLN) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Derwent London PLC £21.77, price £17.94, upside +21.4%, quality 68 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

Fair value above price? Yes
Good quality? Yes
Add to watchlist

Real Estate · GB · ISIN GB0002652740

DL Broad data Sep 23, 2026

Derwent London PLC

DLN · LSE

UndervaluedThe stock appears undervalued with acceptable quality.

✓Fair value £21.77 · Undervalued (+21%)

✓Quality 68/100

!Mixed Growth (revenue 5y +7.8 %/yr)

✓Highly profitable · 39.6% net margin (TTM)

✓Low debt · generates free cash flow

·4.57% dividend yield

!Mixed vs. peers (7/15)

!Moderate moat 62/100

!Insider activity 40/100

!Weak on past: 18 out of 100

26 models, one by oneBear £10.81 to bull £32.42 Growth analysisrevenue history, year by year Quality 68/100 in detail37 factors, each one shown Compared with its peersrank on every measure, side by side

Watch Derwent London PLC for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free Pro now: $1 first month

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range £14.62 – £31.64 · fair‑value band £10.81 – £32.42 · the £17.94 price screens below the £21.77 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.

Follow Derwent London in your weekly email

Every Wednesday you see whether Derwent London is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Derwent London Plc owns a commercial real estate portfolio predominantly in central London valued at 5.1 billion pounds as of 31 December 2025. It is the largest London office-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via redevelopment or refurbishment, effective asset management and capital recycling. We typically acquire central London properties off market with low capital values and modest rents in improving locations, most of which are either in the West End or City Borders. We capitalize on the unique qualities of each of our properties - taking a fresh approach to the regeneration of every building with a focus on anticipating tenant requirements and an emphasis on design. Reflecting and supporting our long-term success, the business has a strong balance sheet with modest leverage, a robust income stream and flexible financing. We are frequently recognized in industry awards for the quality, design and innovation of our projects. Landmark buildings in our 5.3 million sq ft portfolio include 25 Baker Street W1, 1 Soho Place W1, 80 Charlotte Street W1, Brunel Building W2, White Collar Factory EC1, Angel Building EC1 and Tea Building E1. As part of our commitment to lead the industry in mitigating climate change, Derwent London has committed to becoming a net zero carbon business by 2030, with its updated pathway published in 2025. Our science-based carbon targets have been validated by the Science Based Targets initiative (SBTi). In 2013, we launched a voluntary Community Fund which to date has supported 200 community projects in central London. The Company is a public limited company, which is listed on the London Stock Exchange and incorporated and domiciled in the UK. The address of its registered office is 25 Savile Row, London, W1S 2ER. Derwent London Plc was established on April 25, 1984, and is incorporated in United Kingdom.

Stock analysis

Derwent London PLC (DLN) currently trades at £17.94, while our model-based Fair Value estimate is £21.77, implying the stock looks roughly 17.6% undervalued today.

Valuation

Bull case: the Economic Profit group reads highest at a median of £24.36 per share, and 11 of the 16 models we run sit above the £17.94 price.

Bear case: the Dividend Discount group reads lowest at £12.35, and 5 of the 16 models stay below the price. Evidence for this calculation is high.

Scenario range: £10.81 (bear) to £32.42 (bull), the price of £17.94 sits inside 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 68/100 (solid quality), in the Real Estate sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Derwent London PLC reported revenue of £389M in FY2025 versus £240M in FY2021, a compound +12.8%/yr. Reported net income was £161M in FY2025, compounding −10.6%/yr from FY2021.

Key figures

Market cap 2.3B GBX · P/E ratio 12.5 · P/S ratio 5.20 · EPS (TTM) £1.43 · Dividend yield 4.6% · Net margin 41.4% · Return on equity 4.5% · Return on assets (EBIT) 0.6%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).

What moves the price

The share trades about 16% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at 2% fair-value upside, at 21%, DLN screens cheaper than that median.

Fair Value models

Bear £10.81 Fair Value £21.77 Bull £32.42

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 (£0.4462 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. 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.

Highest evidence

FCF DCF £17.99 £37.77 £69.81 76

Residual Income £24.31 £24.36 £22.36 76

Growth DCF £17.88 £36.19 £64.94 75

All 16 models by family

DCF Models

FCF DCF £17.99 £37.77 £69.81 76

5Y Revenue Exit £7.89 £18.05 £31.20 69

5Y EBITDA Exit £10.54 £23.38 £38.89 72

10Y Revenue Exit £10.80 £21.34 £36.26 64

10Y EBITDA Exit £12.92 £25.10 £42.41 66

Dividend Discount

Gordon GGM £7.17 £14.29 £21.64 67

DDM Multi-Stage £7.17 £12.35 £15.08 67

Multiples

P/S Multiple £17.04 £22.72 £28.40 58

P/B Multiple £18.47 £24.63 £30.78 55

EV/EBIT £13.62 £21.53 £29.44 64

EV/EBITDA £8.32 £14.46 £20.61 65

EV/Revenue £2.98 £8.59 £14.20 50

Asset-Based

NCAV (Graham) £16.25 £21.78 £32.51 54

Growth DCF

Growth DCF £17.88 £36.19 £64.94 75

Rev-Margin DCF £7.26 £16.72 £28.27 69

Economic Profit

Residual Income £24.31 £24.36 £22.36 76

Open the full fair value analysis →

Notify me when DLN reaches fair value

Put DLN on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 68/100

Of which business quality 66 · Market factors (momentum, volatility) 55

Profitability 34

Margins and returns on capital today

Quality Growth 51

Are margins and returns improving?

Cashflow 90

Earnings quality: real cash, not paper profit

Fin. Strength 54

Balance sheet, leverage, solvency risk

Investment 99

Disciplined investing over empire-building

Low Volatility 62

Calm price path (market factor)

Momentum 55

Price trend over the last 3–12 months (market factor)

52W Momentum 46

Distance to the 52-week high (market factor)

Net Issuance 83

Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

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. 81/100

Revenue is growing, but margins or cash flow do not fully confirm the trend.

Revenue growth 1 year

+43.1%

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.

+16.0%

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.

+7.8%

Start year 2020 (pandemic). Over 10 years: +6.8% a year

Revenue growth 40 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.

+20.8%

’14

’15

’16

’17

’18

’19

’20

’21

’22

’23

’24

’25

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.

−5.1%

Earnings growth per share plus dividend.

Earnings per share, growth per year−9.7%

Dividend (yield on the price)4.6%

Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−10% vs −14%, picking up

Profit margin 2019 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.63% → 41%

Start year 2020 (pandemic)

Growth Forecast

A lot of optimism in the price

The price assumes about as much growth as the company has delivered so far and more 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.

−11.4%

Yearly sales growth analysts expect, extended to five years.

After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about +4.8% a year for the price and −13.4% for the forecasts.

Forecast 2026 (sales)−43.8%

Forecast 2027 (sales)−1.4%

Projected 2028 (sales)−1.0%

Projected 2029 (sales)−0.5%

Projected 2030 (sales)−0.1%

Watch DLN, get fair value alerts →

Compare Derwent London PLC with another stock

Price, fair value, quality and upside side by side.

First stock

Second stock

Free, no sign-up

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.REIT - Office · 68 stocks

Beats the industry median on 7/15 measures

A mixed picture versus its industry peers.

Valuation

Quality Score 69 · Top 25%

Fair Value upside +21% · Above median

Profitability

Return on equity (TTM) 5% · Above median

Return on assets 2% · Below median

Net margin (TTM) 40% · Top 25%

Operating margin (TTM) 31% · Below median

Growth and dividend

Revenue growth 92% · Top 25%

Dividend yield (TTM) 4.6% · Below median

Balance sheet

Debt / equity 0.35× · Lowest 25%

Valuation Multiplesvs REIT - Office median · lower = cheaper

P/E (TTM) 12.5× · Cheaper than median

P/B 0.83× · Pricier than median

P/S (TTM) 7.38× · Priciest 25%

P/FCF 13.8× · Pricier than median

EV/EBITDA 25.3× · Priciest 25%

PEG 23.10× · Priciest 25%

Strength profile in five axes (Snowflake)

This stock

Sector peers

VALUE (fair-value potential)62 · sector 28

FUTURE (revenue growth)100 · sector 0

PAST (return on equity)18 · sector 11

HEALTH (low debt)83 · sector 66

DIVIDEND (yield)91 · sector 100

Context: sector, industry, market

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

Similar stocks

10 more REIT - Office stocks, each showing price versus our Fair Value estimate.

Stock	Price	Fair Value	vs Fair Value
BXP, Inc BXP	$64.31	$53.27	−17%
MERLIN Properties SOCIMI, S.A MRL	€12.51	€9.69	−23%
Vornado Realty Trust VNORP	$70.25	$48.20	−31%
Alexandria Real Estate Equities, Inc ARE	$53.85	$96.26	+79%
Hudson Pacific Properties, Inc HPP	$12.08	$2.97	−75%
Gecina GFC	€65.80	€75.35	+15%
Mapletree Pan Asia Commercial Trust N2IU	1.22 SGD	1.26 SGD	+3%
Cousins Properties Incorporated CUZ	$28.90	$7.87	−73%
Kilroy Realty Corporation KRC	$34.74	$35.56	+2%
Keppel DC REIT AJBU	2.14 SGD	3.04 SGD	+42%

Explore undervalued stocks

More undervalued Real Estate stocks →

All undervalued stocks Technology Financial Services Healthcare Consumer Cyclical Consumer Defensive Communication Services Industrials Energy Basic Materials Real Estate Utilities Deeply Undervalued Stocks Undervalued High-Quality Stocks Undervalued Blue-Chip Stocks Undervalued Small-Cap Stocks Undervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark

Run the numbers yourself: free valuation calculators

DCF Calculator Graham Number Peter Lynch Formula DDM Calculator Fama-French Model Intrinsic Value

For bloggers & editors: embed code + live data

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.

Derwent London PLC · Fair Value
£21.77 +18%Fair Value
Calculator →

<a href="https://www.fairvalue-calculator.com/stock/DLN" target="_blank" rel="nofollow noopener" style="display:inline-flex;align-items:center;gap:12px;box-sizing:border-box;font-family:system-ui,-apple-system,Segoe UI,Roboto,sans-serif;text-decoration:none;background:#0f1814;color:#eaf2ed;border:1px solid #2a3a30;border-radius:12px;padding:12px 16px;max-width:360px"><span style="line-height:1.35"><span style="font-size:12px;color:#9fb0a8">Derwent London PLC · Fair Value</span><br><b style="font-size:20px">£21.77</b> <span style="color:var(--fvc-g-mitte);font-weight:700;font-size:14px">+18%</span></span><span style="font-size:11px;color:var(--fvc-g-mitte);font-weight:700;margin-left:auto;text-align:right;line-height:1.3">Fair&nbsp;Value<br>Calculator&nbsp;→</span></a>

Cite: Fair Value Calculator (2026). "Derwent London PLC Fair Value". https://www.fairvalue-calculator.com/stock/DLN

Frequently asked questions

Is Derwent London PLC (DLN) overvalued or undervalued?

As of Sep 23, 2026, our model estimates a fair value of £21.77 versus a price of £17.94, about +21% upside (undervalued).

What is the fair value of DLN?

Our model-based fair value for Derwent London PLC is £21.77 (as of Sep 23, 2026), built from audited fundamentals. The current price: £17.94.

What is the quality score of DLN?

Derwent London PLC has a Quality Score of 68/100. 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 Derwent London PLC (DLN)?

Our model-based price target is the fair value of £21.77 (as of Sep 23, 2026) from 16 valuation models. Cautious scenario £10.81, optimistic scenario £32.42. It is a calculation from audited fundamentals, not an analyst target.

What is the Derwent London PLC stock forecast for 2026?

Our models put fair value at £21.77, about +21% upside versus a price of £17.94 (undervalued). Cautious scenario £10.81, optimistic scenario £32.42. The calculation is refreshed regularly with new filings.

What is the revenue of Derwent London PLC (DLN)?

Derwent London PLC reported trailing-twelve-month revenue of about £407M (latest available figure, as of Sep 23, 2026).

Does Derwent London PLC pay a dividend?

Derwent London PLC currently shows a dividend yield of about 4.57% relative to its recent price (as of Sep 23, 2026).

What growth is priced into Derwent London PLC (DLN)?

For today's price to be fair in a discounted-cash-flow model, Derwent London PLC would have to grow free cash flow by +7.3 % per year for five years (discount rate 10.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.8 % per year. As of Sep 23, 2026.

What discount rate (WACC) does the fair value of DLN use?

Our models discount Derwent London PLC at 10.8 %: a base by market capitalisation (mid), damped by beta 1.19, 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 Derwent London PLC that is +7.3 % per year a year over ten years, using the same discount rate (10.8 %) and the same formula as our fair value.

How much growth has Derwent London PLC (DLN) delivered so far?

Over the past 5 years revenue at Derwent London PLC grew +7.8 % 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 Derwent London PLC (DLN) growing?

The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Derwent London PLC (+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 Derwent London PLC (DLN)?

The free-cash-flow yield on the price is 10.83 %: that much free cash flow Derwent London PLC produces per unit of market value. When it exceeds the discount rate of our models (10.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.

What is the intrinsic value of Derwent London PLC (DLN)?

Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Derwent London PLC it is £21.77 per share (as of Sep 23, 2026), against a price of £17.94. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).

Is Derwent London PLC stock overvalued or undervalued in 2026?

As of Sep 23, 2026, DLN trades below its calculated fair value: price £17.94, fair value £21.77, a gap of about +21% (undervalued). 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 DLN?

No. The price is what the market pays today (£17.94); the fair value is what the company's own numbers justify (£21.77). For Derwent London PLC the two are £3.83 per share apart. That gap is exactly why we show both numbers side by side.

How much is Derwent London PLC worth?

The market values Derwent London PLC at about 2.3B GBX (market capitalisation, as of Sep 23, 2026). Per share that is £17.94; our models calculate a fair value of £21.77 per share.

What do the bullish and bearish scenarios say about DLN?

Our models span a range for Derwent London PLC: cautious scenario £10.81, base £21.77, optimistic £32.42 per share (as of Sep 23, 2026, price £17.94). The range comes from different growth and margin assumptions, not from analyst opinions.

What is the P/E ratio of DLN?

Derwent London PLC trades at a price-to-earnings ratio of 12.5 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £21.77 is built from several models across several years. Other multiples: PEG 23.1, P/B 0.8, P/S 7.4, EV/EBITDA 25.3.

What is the PEG ratio of DLN?

The PEG ratio of Derwent London PLC is 23.10 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.

How solid is the balance sheet of Derwent London PLC (DLN)?

Balance-sheet figures for Derwent London PLC (as of Sep 23, 2026): return on equity 4.5%, debt of 0.35 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.

How far is DLN from its 52-week high?

Derwent London PLC trades at £17.94, about 16% below its 52-week high of £21.46 and 23% above the low of £14.62 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of £21.77 is for.

Which stocks are comparable to Derwent London PLC?

From the same area (Real Estate) we also value BXP, Inc, MERLIN Properties SOCIMI, S.A, Vornado Realty Trust, Alexandria Real Estate Equities, Inc, 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 Derwent London PLC stock attractive at the current price?

The data as of Sep 23, 2026: price £17.94, calculated fair value £21.77 (+21%), Quality Score 68/100, from 16 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 DLN calculated?

We run Derwent London PLC through 16 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 £21.77, 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 14.1 % above its aggregate fair value. Derwent London PLC currently trades 21 % below its own fair value, and the market average says nothing about that. 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 Derwent London PLC (DLN)?

The closing price on Sep 23, 2026 was £17.94. Our model-based fair value is £21.77, about +21% upside (undervalued). We carry closing prices from our data provider, not a live tick.

What should I pay attention to with Derwent London PLC right now?

The model range is unusually wide (£10.81 to £32.42). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Where does the earnings growth of Derwent London PLC (DLN) come from?

Earnings per share at Derwent London PLC grew −12.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.0 %, EBIT margin −2.4 %, tax rate +0.0 %, residual (interest, one-offs) −15.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Derwent London PLC

How large is the market capitalisation of Derwent London PLC (DLN)?

The market capitalisation of Derwent London PLC is 2.3B 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 Derwent London PLC (DLN)?

The price-to-sales ratio of Derwent London PLC is 5.20 (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 Derwent London PLC (DLN)?

Earnings per share at Derwent London PLC are £1.43 (price ÷ EPS = P/E 12.5). Earnings per share over the last twelve months: total profit spread across every single share.

What is the dividend yield of Derwent London PLC (DLN)?

The dividend yield of Derwent London PLC is 4.6% (payout 57.3%). 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 Derwent London PLC (DLN)?

The net margin of Derwent London PLC is 41.4% (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 Derwent London PLC (DLN)?

The return on equity (ROE) of Derwent London PLC is 4.5% (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 Derwent London PLC (DLN)?

On an EBIT basis the return on assets of Derwent London PLC is 0.6% (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 Derwent London PLC (DLN)?

The operating margin of Derwent London PLC is 31.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.

How fast is revenue growing at Derwent London PLC (DLN)?

Revenue at Derwent London PLC is growing +91.6% versus a year earlier (3y avg +16.0%). 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 Derwent London PLC (DLN)?

Earnings per share at Derwent London PLC are growing −53.3% versus a year earlier. How much earnings per share grew versus a year earlier.

How much net debt does Derwent London PLC (DLN) carry?

The net debt of Derwent London PLC is 1.4B GBX (fiscal year 2025, ≈ 6.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.

Free · no account needed

Watch Derwent London PLC in the live analysis

One click puts Derwent London PLC on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.