North Atlantic Smaller Companies Investment Trust PLC (NAS) Fair Value & Analysis
Financial Services · GB · Market cap £492M
Fair value as of: Jun 26, 2026
From 25 valuation models · updated 7 days ago
Share price +6.1% over the past month.
Price vs Fair Value (12 months)
12‑month range £3.18 – £4.08 · fair‑value band £4.18 – £6.97 · the £4.00 price screens below the £5.58 fair value. As of Jun 26, 2026.
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North Atlantic Smaller Companies Investment Trust PLC (NAS) currently trades at £4.00, while our model-based Fair Value estimate is £5.58 — implying the stock looks roughly 39.5% undervalued today. We read business quality at 69/100 (solid quality), in the Financial Services 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, North Atlantic Smaller Companies Investment Trust PLC generated revenue of £40.1M at a net margin of 73.1%. Revenue declined 24.7% year over year. It earns a return on equity of 4.1%. The balance sheet holds a net cash position of £23.2M. Fundamentals as of Jun 26, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
North Atlantic Smaller Companies Investment Trust PLC is an open-end equity mutual fund launched and managed by Harwood Capital LLP. It invests in public equity markets of global region. It invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of small-cap companies. North Atlantic Smaller Companies Investment Trust PLC was formed on January 24, 1973 and is domiciled in United Kingdom.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
North Atlantic Smaller Companies Investment Trust PLC reported revenue of £43.3M in FY2025 versus £131M in FY2021, a compound −24.2%/yr. Reported net income was £41.9M in FY2025, compounding −24.7%/yr from FY2021.
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Frequently asked questions
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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.