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ICG-Longbow Senior Secured UK Property Debt Investments Ltd (LBOW) Fair Value & Analysis

Financial Services · GB · Market cap 14.6M GBX

IL ICG-Longbow Senior Secured UK Property Debt Investments Ltd LBOW · LSE
Price£0.1200
Fair Value£0.0600
Upside-50.0%
Quality69/100
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Weak Growth
Thin margins · 0.0% net margin
generates free cash flow
Trails peers (3/9)
Narrow moat 41/100
Evidence: Low Range £0.0500 – £0.0800 Share as image

Fair value as of: Jul 17, 2026

From 2 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from £0.0500 to £0.0600 (+20.0%) since Jun 26, 2026. Share price +5.7% over the past month.

A solid business, but screening 50% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (£0.0800). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

£0.2847 £0.1014 Fair Value £0.0600 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range £0.1014 – £0.2847 · fair‑value band £0.0500 – £0.0800 · the £0.1200 price screens above the £0.0600 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

ICG-Longbow Senior Secured UK Property Debt Investments Ltd (LBOW) currently trades at £0.1200, while our model-based Fair Value estimate is £0.0600, implying the stock looks roughly 50.0% overvalued today. The Quality Score stands at 69/100 (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: low).

The balance sheet holds a net cash position of £3.2M. Fundamentals as of Jul 17, 2026

Our scenario range runs from £0.0500 (bear case) to £0.0800 (bull case); at £0.1200, the current price sits above 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 -50%, LBOW screens richer 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 £0.6000 £0.7300 £0.9400 72
NCAV (Graham) £0.0900 £0.1100 £0.1700 50
All 2 models by family
Asset-Based
NCAV (Graham) £0.0900 £0.1100 £0.1700 50
Growth DCF
Growth DCF £0.6000 £0.7300 £0.9400 72

Widest divergence: Growth DCF (£0.7300) versus Asset-Based (£0.1100). Highest evidence: Growth DCF (72).

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Key figures & financial health

Return on equity 605%
Free cash flow 9.4M GBX FY2026
EPS (TTM) £-0.0200
Net cash 3.2M GBX FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 67 · Market factors (momentum, volatility) 20

Profitability 4
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 15
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 82
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

ICG-Longbow Senior Secured UK Property Debt Investments Ltd specializes in mezzanine debt and whole loan investments. The fund focuses only on United Kingdom commercial real estate. ICG-Longbow Senior Secured UK Property Debt Investments Ltd is domiciled in Channel Islands.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

ICG-Longbow Senior Secured UK Property Debt Investments Ltd reported revenue of £2.3M in FY2026 versus £6.5M in FY2022, a compound −23.0%/yr. Reported net income was −£2.4M in FY2026.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
£2.3M
Latest YoY
−22.5%
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.
−29.4%
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.
−22.8%
Avg. growth/yr (11Y) 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.
−10.9%
Revenue −23.0%/yr
FY22 £6.5M
FY23 £6.5M
FY24 £4.4M
FY25 £3.0M
FY26 £2.3M
Net income
FY22 £2.0M
FY23 £2.0M
FY24 −£24.9M
FY25 −£3.3M
FY26 −£2.4M

LBOW screens 50% overvalued. Compare with Fondul Proprietatea SA →

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Cite: Fair Value Calculator (2026). "ICG-Longbow Senior Secured UK Property Debt Investments Ltd Fair Value". https://www.fairvalue-calculator.com/stock/LBOW

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 68 · Top 25%
Fair Value upside −50% · Bottom 25%
Return on assets 0% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 0% · Bottom 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Asset Management median · lower = cheaper

P/B 0.94× · Cheaper than median
P/FCF 2.1× · Cheaper than 75% of peers

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 17, 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 ICG-Longbow Senior Secured UK Property Debt Investments Ltd (LBOW) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of £0.0600 versus a price of £0.1200, about −50% (overvalued).
What is the fair value of LBOW?
Our model-based fair value for ICG-Longbow Senior Secured UK Property Debt Investments Ltd is £0.0600 (as of Jul 17, 2026), built from audited fundamentals. The current price is £0.1200.
What is the quality score of LBOW?
ICG-Longbow Senior Secured UK Property Debt Investments Ltd has a Quality Score of 69/100. 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 net profit margin of LBOW?
The net profit margin of ICG-Longbow Senior Secured UK Property Debt Investments Ltd is about 0.0%, meaning it keeps roughly 0.0% 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.

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