London City Equities Ltd (LCE) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of London City Equities Ltd A$0.51, price A$0.85, upside -40.0%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range A$0.3915 – A$0.8500 · fair‑value band A$0.1900 – A$0.5100 · the A$0.8500 price screens above the A$0.5100 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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London City Equities Limited is a publicly owned investment manager. The firm invests in the public equity markets of Australia. London City Equities Limited was founded in 1986 and is based in Sydney, Australia.
Stock analysis
London City Equities Ltd (LCE) currently trades at A$0.8500, while our model-based Fair Value estimate is A$0.5100, implying the stock looks roughly 66.7% overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of A$0.5500 per share, and 0 of the 6 models we run sit above the A$0.8500 price.
Bear case: the Multiples group reads lowest at A$0.2000, and 6 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: A$0.1900 (bear) to A$0.5100 (bull), the price of A$0.8500 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 61/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
London City Equities Ltd reported revenue of A$1.8M in FY2025 versus A$559K in FY2021, a compound +34.2%/yr. Reported net income was A$500K in FY2025.
Key figures
Market cap A$26.6M (≈ $18.7M) · P/E ratio 85.0 · P/S ratio 23.4 · EPS (TTM) A$0.0100 · Dividend yield 1.8% · Net margin 27.6% · Return on equity 1.5% · Return on assets (EBIT) 2.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 10% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at −40%, LCE screens richer than that median.
Fair Value models
Bear A$0.1900Fair Value A$0.5100Bull A$0.5100
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+45.5%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−9.1%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+30.1%
Start year 2020 (pandemic). Over 10 years: +11.6% a year
Revenue growth 26 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+27.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+52.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+50.3%
Dividend (yield on the price)1.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.50% vs 20%, picking up
Profit margin 2019 to 2023 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−2% → 13%
Compare London City Equities Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Asset Management · 657 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside−40% · Bottom 25%
Profitability
Return on equity (TTM)1% · Below median
Return on assets1% · Below median
Net margin (TTM)18% · Below median
Operating margin (TTM)25% · Below median
Growth and dividend
Revenue growth38% · Top 25%
Dividend yield (TTM)1.8% · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (TTM)85.0× · Priciest 25%
P/B0.76× · Cheaper than median
P/S (TTM)8.98× · Priciest 25%
EV/EBITDA24.1× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 54
FUTURE (revenue growth)100· sector 21
PAST (return on equity)6· sector 23
HEALTH (low debt)0· sector 95
DIVIDEND (yield)35· sector 81
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "London City Equities Ltd Fair Value". https://www.fairvalue-calculator.com/stock/LCE
Frequently asked questions
Is London City Equities Ltd (LCE) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of A$0.5100 versus a price of A$0.8500, about −40% upside (overvalued).
What is the fair value of LCE?
Our model-based fair value for London City Equities Ltd is A$0.5100 (as of Sep 23, 2026), built from audited fundamentals. The current price: A$0.8500.
What is the quality score of LCE?
London City Equities Ltd has a Quality Score of 61/100. 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 price target for London City Equities Ltd (LCE)?
Our model-based price target is the fair value of A$0.5100 (as of Sep 23, 2026) from 6 valuation models. Cautious scenario A$0.1900, optimistic scenario A$0.5100. It is a calculation from audited fundamentals, not an analyst target.
What is the London City Equities Ltd stock forecast for 2026?
Our models put fair value at A$0.5100, about −40% upside versus a price of A$0.8500 (overvalued). Cautious scenario A$0.1900, optimistic scenario A$0.5100. The calculation is refreshed regularly with new filings.
What is the revenue of London City Equities Ltd (LCE)?
London City Equities Ltd reported trailing-twelve-month revenue of about A$2.1M (latest available figure, as of Sep 23, 2026).
Does London City Equities Ltd pay a dividend?
London City Equities Ltd currently shows a dividend yield of about 1.76% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of London City Equities Ltd (LCE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For London City Equities Ltd it is A$0.5100 per share (as of Sep 23, 2026), against a price of A$0.8500. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is London City Equities Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, LCE trades above its calculated fair value: price A$0.8500, fair value A$0.5100, a gap of about −40% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of LCE?
No. The price is what the market pays today (A$0.8500); the fair value is what the company's own numbers justify (A$0.5100). For London City Equities Ltd the two are A$0.3400 per share apart. That gap is exactly why we show both numbers side by side.
How much is London City Equities Ltd worth?
The market values London City Equities Ltd at about A$26.6M (market capitalisation, as of Sep 23, 2026). Per share that is A$0.8500; our models calculate a fair value of A$0.5100 per share.
What do the bullish and bearish scenarios say about LCE?
Our models span a range for London City Equities Ltd: cautious scenario A$0.1900, base A$0.5100, optimistic A$0.5100 per share (as of Sep 23, 2026, price A$0.8500). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LCE?
London City Equities Ltd trades at a price-to-earnings ratio of 85.0 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$0.5100 is built from several models across several years. Other multiples: P/B 0.8, P/S 9.0, EV/EBITDA 24.1.
How solid is the balance sheet of London City Equities Ltd (LCE)?
Balance-sheet figures for London City Equities Ltd (as of Sep 23, 2026): return on equity 1.5%. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is LCE from its 52-week high?
London City Equities Ltd trades at A$0.8500, at its 52-week high of A$0.8500 and 10% above the low of A$0.7750 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.5100 is for.
Which stocks are comparable to London City Equities Ltd?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is London City Equities Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price A$0.8500, calculated fair value A$0.5100 (−40%), Quality Score 61/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of LCE calculated?
We run London City Equities Ltd through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$0.5100, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. London City Equities Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of London City Equities Ltd (LCE)?
The closing price on Sep 24, 2026 was A$0.8500. Our model-based fair value is A$0.5100, about −40% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with London City Equities Ltd right now?
The price sits above even our optimistic bull case (A$0.5100). The favourable scenario is already priced in. The model range is unusually wide (A$0.1900 to A$0.5100). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 (61/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of London City Equities Ltd
How large is the market capitalisation of London City Equities Ltd (LCE)?
The market capitalisation of London City Equities Ltd is A$26.6M (≈ $18.7M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of London City Equities Ltd (LCE)?
The price-to-sales ratio of London City Equities Ltd is 23.4 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of London City Equities Ltd (LCE)?
Earnings per share at London City Equities Ltd are A$0.0100 (price ÷ EPS = P/E 85.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of London City Equities Ltd (LCE)?
The dividend yield of London City Equities Ltd is 1.8% (payout 150%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of London City Equities Ltd (LCE)?
The net margin of London City Equities Ltd is 27.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of London City Equities Ltd (LCE)?
The return on equity (ROE) of London City Equities Ltd is 1.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of London City Equities Ltd (LCE)?
On an EBIT basis the return on assets of London City Equities Ltd is 2.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of London City Equities Ltd (LCE)?
The operating margin of London City Equities Ltd is 24.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at London City Equities Ltd (LCE)?
Revenue at London City Equities Ltd is growing +38.0% versus a year earlier (3y avg −9.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at London City Equities Ltd (LCE)?
Earnings per share at London City Equities Ltd are growing −41.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does London City Equities Ltd (LCE) generate?
The free cash flow of London City Equities Ltd is −A$10.7M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does London City Equities Ltd (LCE) hold?
London City Equities Ltd holds more cash than debt, A$42.8K net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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