Duke Royalty Ltd (DUKE) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Duke Royalty Ltd £0.46, price £0.27, upside +74.8%, quality 50 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
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Duke Royalty Ltd
DUKE · LSECheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.
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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 £0.1963 – £0.3040 · fair‑value band £0.2457 – £0.7438 · the £0.2650 price screens below the £0.4633 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Company profile
Duke Capital Limited is a private equity firm specializing in Management Buyouts, buy-and-build strategies, mid-market, minority buyouts, restructuring investments & royalty financing in small and medium size businesses. It does not invest in start-ups, tight margin business models. It does not make venture capital investments.
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Duke Capital Limited is a private equity firm specializing in Management Buyouts, buy-and-build strategies, mid-market, minority buyouts, restructuring investments & royalty financing in small and medium size businesses. It does not invest in start-ups, tight margin business models. It does not make venture capital investments. The firm makes investments in every sector with preference towards manufacturing, services, healthcare & IT services. It makes equity investments between £5 million ($6.36 million) and 30 million ($38.18 million) having EBITDA between £2 million ($2.54 million) and £10 million ($12.72 million). It also finances through loan sizes between £10 million ($12.72 million) and £30 million ($38.18 million). It focuses on intellectual property assets and stable, cash flowing businesses, no debt or low levels of debt, and owners not wanting to give up control or existing management wanting to become owners through an MBO. It seeks to provides capital to companies in exchange for rights to a small percentage of future revenues. The firm prefers government and/or regulatory licensed businesses. It prefers board representation in its portfolio companies. It seeks to have minority stakes in its portfolio companies. Duke Capital Limited was founded in 2015 and is based in Guernsey, Guernsey with additional offices in Guernsey, Guernsey and London, United Kingdom.
Stock analysis
Duke Royalty Ltd (DUKE) currently trades at £0.2650, while our model-based Fair Value estimate is £0.4633, implying the stock looks roughly 42.8% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of £1.06 per share, and 7 of the 9 models we run sit above the £0.2650 price.
Bear case: the Asset-Based group reads lowest at £0.2300, and 2 of the 9 models stay below the price. Evidence for this calculation is low.
Scenario range: £0.2457 (bear) to £0.7438 (bull), the price of £0.2650 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 50/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Duke Royalty Ltd reported revenue of £28.6M in FY2026 versus £27.1M in FY2022, a compound +1.4%/yr. Reported net income was £11.0M in FY2026, compounding −14.3%/yr from FY2022.
Key figures
Market cap 135M GBX · P/E ratio 13.3 · P/S ratio 5.08 · EPS (TTM) £0.0200 · Dividend yield 10.6% · Net margin 38.4% · Return on equity 6.2% · Return on assets (EBIT) 7.9%.
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 5% below its 52-week high and 10% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at 75%, DUKE screens cheaper than that median.
Fair Value models
All 9 models by family
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Set up alert →Quality Score breakdown
Of which business quality 48 · Market factors (momentum, volatility) 59
Revenue & earnings trend
Growth Forecast
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Compare Duke Royalty Ltd with another stock
Price, fair value, quality and upside side by side.
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.Asset Management · 658 stocks
Valuation Multiplesvs Asset Management median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: UK Stocks
- Valuation of the UK market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Asset Management stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Blackstone Inc BX | $117.21 | $52.29 | −55% |
| Brookfield Corporation BN | $37.85 | $13.75 | −64% |
| KKR & Co KKR | $97.21 | $29.25 | −70% |
| Apollo Global Management, Inc APO | $124.36 | $229.64 | +85% |
| State Street Corporation STT | $179.95 | $138.33 | −23% |
| Ameriprise Financial, Inc AMP | $502.79 | $579.51 | +15% |
| Ares Management Corporation ARES | $124.72 | $119.25 | −4% |
| Northern Trust Corporation NTRS | $173.40 | $122.02 | −30% |
| Raymond James Financial, Inc RJF | $158.23 | $312.27 | +97% |
| T. Rowe Price Group TROW | $104.57 | $209.14 | +100% |
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Frequently asked questions
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Key figures of Duke Royalty Ltd
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