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The Income & Growth VCT plc (IGV) Fair Value & Analysis

Consumer Cyclical · GB · Market cap 201M GBX

TI The Income & Growth VCT plc IGV · LSE
Price£0.0057
Fair Value£0.0059
Upside+4.3%
Quality95/100
Evidence: High

Fair value as of: Jun 26, 2026

From 15 valuation models · updated 3 days ago

Fair value updated Jun 26, 2026 — revised from £0.0100 to £0.0059 (−40.6%) since Jun 25, 2026.

Price vs Fair Value (12 months)

£0.0060 £0.0001 Fair Value £0.0059 Jun 2025 Jun 2026

12‑month range £0.0001 – £0.0060 · the £0.0057 price screens below the £0.0059 fair value. As of Jun 26, 2026.

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Analysis

The Income & Growth VCT plc (IGV) currently trades at £0.0057, while our model-based Fair Value estimate is £0.0059 — implying the stock looks roughly 4.3% undervalued today. We read business quality at 95/100 (high quality), in the Consumer Cyclical 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, The Income & Growth VCT plc generated revenue of £4.4M at a net margin of 22.5%. It earns a return on equity of 0.6%. The stock trades on a trailing P/E of 62.5. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 4.4M GBX
Revenue growth (YoY) +378%
Net margin 22.5%
Return on equity 0.6%
Free cash flow −5.3M GBX FY2025
P/E ratio 62.5
More key figures
Operating margin 656%
EPS (TTM) £0.0100
Dividend yield 9.6%
EPS growth (YoY) -89.2%
Net cash 983K GBX FY2024

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

About the company

The Income & Growth VCT plc is a venture capital trust. It invests in companies at various stages of development. The fund invests in unquoted and new and secondary issues of quoted companies, which already have a trading facility on the Alternative Investment Market or on OFEX. It primarily makes investments in support services, software and computer services and general retailers. It prefers to invest in companies based in United Kingdom. The fund structures its investments as part equity and part loan. The fund invests between £.01 million ($.02 million) and £1 million ($1.56 million). It does not invest more than 15 percent of its assets in any one company.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

The Income & Growth VCT plc reported revenue of £3.9M in FY2025 versus £42.3M in FY2021, a compound −45.0%/yr. Reported net income was £3.2M in FY2025, compounding −47.5%/yr from FY2021.

Revenue −45.0%/yr
FY21 £42.3M
FY22 −£10.7M
FY23 £6.1M
FY24 £4.4M
FY25 £3.9M
Net income −47.5%/yr
FY21 £41.9M
FY22 −£11.2M
FY23 £5.5M
FY24 £995K
FY25 £3.2M

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Frequently asked questions

Is The Income & Growth VCT plc (IGV) undervalued?
As of Jun 26, 2026, our model estimates a fair value of £0.0059 versus a price of £0.0057 — about +4% (undervalued). Model-based estimate, not financial advice.
What is the fair value of IGV?
Our 21-model fair value for The Income & Growth VCT plc is £0.0059 (as of Jun 26, 2026), built from audited fundamentals. The current price is £0.0057.
What is the quality score of IGV?
The Income & Growth VCT plc has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of The Income & Growth VCT plc (IGV)?
The Income & Growth VCT plc reported trailing-twelve-month revenue of about £4.4M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of IGV?
The net profit margin of The Income & Growth VCT plc is about 22.5%, meaning it keeps roughly 22.5% of revenue as net income. Based on the latest reported figures.
Does The Income & Growth VCT plc pay a dividend?
The Income & Growth VCT plc currently shows a dividend yield of about 9.60% 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.