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Duke Capital Limited (DUKE) Fair Value & Analysis

Financial Services · GB · Market cap 135M GBX

DC Duke Capital Limited DUKE · LSE
Price£0.2675
Fair Value£0.3145
Upside+17.6%
Quality50/100
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Mixed Growth
Highly profitable · 46.2% net margin
Low debt · generates free cash flow
0.10% dividend yield
Mixed vs. peers (7/14)
Wide moat 67/100
Evidence: High Range £0.2380 – £0.3910 Share as image

Fair value as of: Jul 19, 2026

From 9 valuation models · updated 22 days ago

Share price +4.7% over the past month.

A solid business, screening 18% undervalued on our models.

What matters now

  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
  • Our model range runs from £0.2380 (bear) to £0.3910 (bull), base £0.3145. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 50/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

£0.2930 £0.1892 Fair Value £0.3145 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range £0.1892 – £0.2930 · fair‑value band £0.2380 – £0.3910 · the £0.2675 price screens below the £0.3145 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Duke Capital Limited (DUKE) currently trades at £0.2675, while our model-based Fair Value estimate is £0.3145, implying the stock looks roughly 17.6% undervalued today. The Quality Score stands at 50/100 (solid 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, Duke Capital Limited generated revenue of £15.0M at a net margin of 31.9%. Revenue grew 15.7% year over year. It earns a return on equity of 2.8%. Net debt stands at £91.2M. Fundamentals as of Jul 19, 2026

Our scenario range runs from £0.2380 (bear case) to £0.3910 (bull case); at £0.2675, the current price sits within 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 Financial Services peers we cover trades at -12% fair-value upside, at 18%, DUKE 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 £0.4600 £0.7600 £1.22 80
Residual Income £0.2500 £0.2500 £0.2200 76
P/E Multiple £0.2800 £0.3700 £0.4600 63
All 9 models by family
DCF Models
5Y P/E Exit £0.3400 £0.6900 £1.14 38
10Y P/E Exit £0.4000 £0.7500 £1.30 35
Earnings-Based
Graham-Dodd £0.1500 £1.03 £1.45 54
Lynch FV £0.5300 £0.7600 £0.9900 50
Multiples
P/E Multiple £0.2800 £0.3700 £0.4600 63
P/B Multiple £0.2800 £0.3700 £0.4600 55
Asset-Based
NCAV (Graham) £0.1700 £0.2300 £0.3500 50
Growth DCF
Growth DCF £0.4600 £0.7600 £1.22 80
Economic Profit
Residual Income £0.2500 £0.2500 £0.2200 76

Widest divergence: Earnings-Based (£0.7600) versus Asset-Based (£0.2300). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 15.0M GBX
Revenue growth (YoY) +15.7%
Net margin 31.9%
Return on equity 2.8%
Free cash flow 21.8M GBX FY2026
P/E ratio 25.8
More key figures
Operating margin 87.2%
EPS (TTM) £0.0100
Dividend yield 0.1%
EPS growth (YoY) +101%
Net debt 91.2M GBX FY2026

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 48 · Market factors (momentum, volatility) 66

Profitability 38
Margins and returns on capital today
Quality Growth 91
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 95
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 64
Distance to the 52-week high (market factor)
Net Issuance 0
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Duke Capital Limited 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.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
£28.6M
Latest YoY
+90.8%
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.
+1.9%
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.
+7.7%
Avg. growth/yr (9Y) 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.
+342.5%
Revenue +1.4%/yr
FY22 £27.1M
FY23 £27.1M
FY24 £25.4M
FY25 £15.0M
FY26 £28.6M
Net income −14.3%/yr
FY22 £20.4M
FY23 £19.6M
FY24 £11.6M
FY25 £2.0M
FY26 £11.0M

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Cite: Fair Value Calculator (2026). "Duke Capital Limited Fair Value". https://www.fairvalue-calculator.com/stock/DUKE

Peer Group

Asset Management · 971 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 50 · Below median
Fair Value upside +18% · Above median
Return on equity (TTM) 6% · Below median
Return on assets 5% · Above median
Net margin (TTM) 46% · Above median
Operating margin (TTM) 92% · Top 25%
Revenue growth 228% · Top 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.10× · Higher than median

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 13.4× · Pricier than median
P/B 1.04× · Pricier than median
P/S (TTM) 7.64× · Pricier than median
P/FCF 8.4× · Cheaper than median
EV/EBITDA 9.1× · Cheaper than median

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 57 · sector 37
FUTURE 100 · sector 6
PAST 25 · sector 26
HEALTH 95 · sector 95
DIVIDEND 2 · sector 69

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 Asset Management stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Fondul Proprietatea SA FP $0.0420 $0.0800 +90%
BlackRock, Inc BLK $1,136 $465.75 -59%
Blackstone Inc BX $124.56 $16.35 -87%
Investor AB INVEB kr 423.70 kr 847.40 +100%
Brookfield Corporation BN C$62.45 C$10.12 -84%
KKR & Co KKR $100.94 $44.88 -56%
AB Industrivärden INDUA kr 532.50 kr 1,065 +100%
Jio Financial Services Limited JIOFIN ₹242.98 ₹40.19 -83%
Hedef Holding HEDEF 267.25 TRY 320.98 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹10,398 ₹9,202 -12%

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Frequently asked questions

Is Duke Capital Limited (DUKE) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of £0.3145 versus a price of £0.2675, about +18% (undervalued).
What is the fair value of DUKE?
Our model-based fair value for Duke Capital Limited is £0.3145 (as of Jul 19, 2026), built from audited fundamentals. The current price is £0.2675.
What is the quality score of DUKE?
Duke Capital Limited has a Quality Score of 50/100. 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 Duke Capital Limited (DUKE)?
Duke Capital Limited reported trailing-twelve-month revenue of about £15.0M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of DUKE?
The net profit margin of Duke Capital Limited is about 31.9%, meaning it keeps roughly 31.9% of revenue as net income. Based on the latest reported figures.
Does Duke Capital Limited pay a dividend?
Duke Capital Limited currently shows a dividend yield of about 0.11% relative to its recent price (as of Jul 19, 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.

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