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ICG plc (ICG) Fair Value & Analysis

Financial Services · GB · Market cap 5.5B GBX

IP ICG plc ICG · LSE
Price£16.70
Fair Value£13.34
Upside-20.1%
Quality97/100
Evidence: High Range £10.01 – £16.68

Fair value as of: Jun 26, 2026

From 17 valuation models · updated 4 days ago

Fair value updated Jun 26, 2026 — revised from £12.73 to £13.34 (+4.8%) since Jun 24, 2026. Share price −6.5% over the past month.

Price vs Fair Value (12 months)

£21.99 £13.99 Fair Value £13.34 Jul 2025 Jun 2026

12‑month range £13.99 – £21.99 · fair‑value band £10.01 – £16.68 · the £16.70 price screens above the £13.34 fair value. As of Jun 26, 2026.

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Analysis

ICG plc (ICG) currently trades at £16.70, while our model-based Fair Value estimate is £13.34 — implying the stock looks roughly 20.1% overvalued today. We read business quality at 97/100 (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: high).

Over the trailing twelve months, ICG plc generated revenue of £978M at a net margin of 48.9%. Revenue declined 21.8% year over year. It earns a return on equity of 18.4%. Net debt stands at £5.1B. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 978M GBX
Revenue growth (YoY) -21.8%
Net margin 48.9%
Return on equity 18.4%
Free cash flow −27.2M GBX FY2026
P/E ratio 11.5
More key figures
Operating margin 46.4%
EPS (TTM) £1.64
Dividend yield 4.7%
EPS growth (YoY) -38.9%
Net debt 5.1B GBX FY2026

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

About the company

ICG plc is a private equity firm specializing in direct and fund of fund investments. Within direct it specializes in private debt, venture debt, credit and equity investments. It invests in middle market, mature, growth capital, reinvestment, industry consolidations, bridge financing, restructuring of a shareholder base, acquisitions, public to private transactions with or without private equity backing, leveraged and acquisition finance, leveraged credit, partnership equity, management buyouts and management buyins, secondary (direct) and secondary (indirect) investments, traditional, development capital, public quoted company finance, off-balance-sheet finance, refinancing and recapitalizations, and pre-IPO financing. The firm does not invest in property companies, early-stage funds or start-ups. Within fund of fund, it specializes in secondary investments. It also invests in the debt, fixed income and alternate asset markets. The firm's alternative capital solutions invest in mi…

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

ICG plc reported revenue of £834M in FY2026 versus £990M in FY2022, a compound −4.2%/yr. Reported net income was £478M in FY2026, compounding −2.4%/yr from FY2022.

Revenue −4.2%/yr
FY22 £990M
FY23 £599M
FY24 £982M
FY25 £990M
FY26 £834M
Net income −2.4%/yr
FY22 £527M
FY23 £281M
FY24 £473M
FY25 £451M
FY26 £478M

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Frequently asked questions

Is ICG plc (ICG) undervalued?
As of Jun 26, 2026, our model estimates a fair value of £13.34 versus a price of £16.70 — about −20% (overvalued). Model-based estimate, not financial advice.
What is the fair value of ICG?
Our 21-model fair value for ICG plc is £13.34 (as of Jun 26, 2026), built from audited fundamentals. The current price is £16.70.
What is the quality score of ICG?
ICG plc has a Quality Score of 97/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of ICG plc (ICG)?
ICG plc reported trailing-twelve-month revenue of about £978M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of ICG?
The net profit margin of ICG plc is about 48.9%, meaning it keeps roughly 48.9% of revenue as net income. Based on the latest reported figures.
Does ICG plc pay a dividend?
ICG plc currently shows a dividend yield of about 4.74% 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.