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Molten Ventures Plc, formerly known as Draper Esprit plc (GROW) Fair Value & Analysis

Financial Services · GB · Market cap 1.0B GBX

MV Molten Ventures Plc, formerly known as Draper Esprit plc GROW · LSE
Price£5.79
Fair Value£2.34
Upside-59.6%
Quality95/100
Evidence: Medium Range £1.68 – £2.45

Fair value as of: Jun 26, 2026

From 12 valuation models · updated 3 days ago

Share price −3.2% over the past month.

Price vs Fair Value (12 months)

£6.48 £3.18 Fair Value £2.34 Jun 2025 Jun 2026

12‑month range £3.18 – £6.48 · fair‑value band £1.68 – £2.45 · the £5.79 price screens above the £2.34 fair value. As of Jun 26, 2026.

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Analysis

Molten Ventures Plc, formerly known as Draper Esprit plc (GROW) currently trades at £5.79, while our model-based Fair Value estimate is £2.34 — implying the stock looks roughly 59.6% 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: medium).

Over the trailing twelve months, Molten Ventures Plc, formerly known as Draper Esprit plc generated revenue of £137M at a net margin of 81.1%. It earns a return on equity of 8.9%. Net debt stands at £32.3M. The stock trades on a trailing P/E of 9.5. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 137M GBX
Revenue growth (YoY) +718%
Net margin 81.1%
Return on equity 8.9%
Free cash flow 33.5M GBX FY2025
P/E ratio 9.5
More key figures
Operating margin 88.2%
EPS (TTM) £0.6200
EPS growth (YoY) +45.3%
Net debt 32.3M GBX FY2025

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

About the company

Molten Ventures Plc, formerly known as Draper Esprit plc, is a private equity and venture capital firm specializing in directly investing as well as investing in other funds. In direct investments, the firm invests in any stage in the lifecycle of a business from seed, early stage, later stage, later venture, and series A stage, mature, growth capital, pre-IPO investments, IPO or acquisition, late stage, start-ups, cross-stage investments, buyouts, PIPES, and also makes direct and secondary investments in portfolio companies. It also seeks to buy entire funds from other tech investors. The firm primarily invests in companies from pre-revenue stage upwards. It primarily invests in technology-oriented business. The firm typically invests in digital technology, digital health and wellness, AI, cloud, enterprise, consumer, utilities, communication equipment, financial technology, infrastructure services, commerce, enterprise and data, systems and semiconductors, commercial digital len…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Molten Ventures Plc, formerly known as Draper Esprit plc reported revenue of £44.4M in FY2025 versus £12.5M in FY2021, a compound +37.3%/yr. Reported net income was −£800K in FY2025.

Revenue +37.3%/yr
FY21 £12.5M
FY22 £351M
FY23 £45.5M
FY24 −£47.8M
FY25 £44.4M
Net income
FY21 £267M
FY22 £301M
FY23 −£243M
FY24 −£40.6M
FY25 −£800K

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Frequently asked questions

Is Molten Ventures Plc, formerly known as Draper Esprit plc (GROW) undervalued?
As of Jun 26, 2026, our model estimates a fair value of £2.34 versus a price of £5.79 — about −60% (overvalued). Model-based estimate, not financial advice.
What is the fair value of GROW?
Our 21-model fair value for Molten Ventures Plc, formerly known as Draper Esprit plc is £2.34 (as of Jun 26, 2026), built from audited fundamentals. The current price is £5.79.
What is the quality score of GROW?
Molten Ventures Plc, formerly known as Draper Esprit plc has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Molten Ventures Plc, formerly known as Draper Esprit plc (GROW)?
Molten Ventures Plc, formerly known as Draper Esprit plc reported trailing-twelve-month revenue of about £137M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of GROW?
The net profit margin of Molten Ventures Plc, formerly known as Draper Esprit plc is about 81.1%, meaning it keeps roughly 81.1% of revenue as net income. Based on the latest reported figures.

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.