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Hg Capital Trust plc (HGT) Fair Value & Analysis

Financial Services · GB · Market cap 1.8B GBX

HC Hg Capital Trust plc HGT · LSE
Price£3.74
Fair Value£3.69
Upside-1.2%
Quality54/100
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Evidence: High Range £2.77 – £4.61

Fair value as of: Jun 26, 2026

From 25 valuation models · updated 7 days ago

Share price +0.4% over the past month.

Price vs Fair Value (12 months)

£4.97 £3.11 Fair Value £3.69 Jul 2025 Jul 2026

12‑month range £3.11 – £4.97 · fair‑value band £2.77 – £4.61 · the £3.74 price screens above the £3.69 fair value. As of Jun 26, 2026.

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Analysis

Hg Capital Trust plc (HGT) currently trades at £3.74, while our model-based Fair Value estimate is £3.69 — implying the stock looks roughly 1.2% overvalued today. We read business quality at 54/100 (solid 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, Hg Capital Trust plc generated revenue of £123M at a net margin of 80.0%. Revenue grew 25.5% year over year. It earns a return on equity of 3.9%. Net debt stands at £22.0M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 123M GBX
Revenue growth (YoY) +25.5%
Net margin 80.0%
Return on equity 3.9%
Free cash flow 70.3M GBX FY2025
P/E ratio 18.8
More key figures
Operating margin 99.2%
EPS (TTM) £0.2100
Dividend yield 1.3%
EPS growth (YoY) +22.4%
Net debt 22.0M GBX FY2025

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

About the company

Hg Capital Trust plc specializes in direct, quoted and unquoted companies and fund of funds investments. The funds maximum exposure to unlisted investments is 100% of the gross assets and single investment in an unlisted company or closed-ended investments fund, whether made directly or indirectly, will exceed a maximum of 15% of gross assets. It primarily invests in middle-market buyouts across Technology, TMT, Services and Industrials Technology with enterprise values of between £80 million ($97.43 million) and £500 million ($608.95 million), lower mid-market buyouts in the TMT sector between £20 million ($24.35 million) and £80 million ($97.43 million). In direct investments in seeks to invest in middle market buyouts investment in hotels, restaurants, leisure, consumer durables and apparel, services, and renewable energy. The fund prefers to invest in Europe with a focus on Northern Europe, United Kingdom, Germany, France Benelux, and the Nordic region as well as some part of …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hg Capital Trust plc reported revenue of £111M in FY2025 versus £604M in FY2021, a compound −34.5%/yr. Reported net income was £98.4M in FY2025, compounding −36.2%/yr from FY2021.

Revenue −34.5%/yr
FY21 £604M
FY22 £118M
FY23 £247M
FY24 £248M
FY25 £111M
Net income −36.2%/yr
FY21 £595M
FY22 £107M
FY23 £231M
FY24 £236M
FY25 £98.4M

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Frequently asked questions

Is Hg Capital Trust plc (HGT) undervalued?
As of Jun 26, 2026, our model estimates a fair value of £3.69 versus a price of £3.74 — about −1% (overvalued). Model-based estimate, not financial advice.
What is the fair value of HGT?
Our model-based fair value for Hg Capital Trust plc is £3.69 (as of Jun 26, 2026), built from audited fundamentals. The current price is £3.74.
What is the quality score of HGT?
Hg Capital Trust plc has a Quality Score of 54/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Hg Capital Trust plc (HGT)?
Hg Capital Trust plc reported trailing-twelve-month revenue of about £123M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of HGT?
The net profit margin of Hg Capital Trust plc is about 80.0%, meaning it keeps roughly 80.0% of revenue as net income. Based on the latest reported figures.
Does Hg Capital Trust plc pay a dividend?
Hg Capital Trust plc currently shows a dividend yield of about 1.34% 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.