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NAOS Emerging Opportunities Company (NCC) Fair Value & Analysis

Financial Services · AU · Market cap A$29.5M

NE NAOS Emerging Opportunities Company NCC · AU
PriceA$0.3800
Fair ValueA$0.0700
Upside-81.6%
Quality68/100
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Evidence: High Range A$0.0500 – A$0.0800

Fair value as of: Jun 26, 2026

From 20 valuation models · updated 7 days ago

Share price −4.9% over the past month.

Price vs Fair Value (12 months)

A$0.4442 A$0.2403 Fair Value A$0.0700 Jun 2025 Jul 2026

12‑month range A$0.2403 – A$0.4442 · fair‑value band A$0.0500 – A$0.0800 · the A$0.3800 price screens above the A$0.0700 fair value. As of Jun 26, 2026.

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Analysis

NAOS Emerging Opportunities Company (NCC) currently trades at A$0.3800, while our model-based Fair Value estimate is A$0.0700 — implying the stock looks roughly 81.6% overvalued today. We read business quality at 68/100 (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: high).

Over the trailing twelve months, NAOS Emerging Opportunities Company generated revenue of A$7.9M at a net margin of 53.1%. Revenue grew 76.9% year over year. It earns a return on equity of 9.9%. Net debt stands at A$22.4M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) A$7.9M
Revenue growth (YoY) +76.9%
Net margin 53.1%
Return on equity 9.9%
Free cash flow A$3.1M FY2025
P/E ratio 6.7
More key figures
Operating margin 93.7%
EPS (TTM) A$0.0600
Dividend yield 10.3%
EPS growth (YoY) +103%
Net debt A$22.4M FY2025

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

About the company

NAOS Emerging Opportunities Company Limited is a closed-ended equity mutual fund launched and managed by Naos Asset Management Limited. The fund invests in public equity markets of Australia. It seeks to invest in stocks of companies that are operating across diversified sectors. The fund invests in value stocks of emerging companies outside the S&P/ASX 100 Accumulation Index. It employs long/short strategy to make its investments. The fund benchmarks the performance of its portfolio against the S&P/ASX Small Ordinaries Accumulation Index. It conducts in-house research to make its investments. NAOS Emerging Opportunities Company Limited was formed on November 6, 2012 and is domiciled in Australia.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

NAOS Emerging Opportunities Company reported revenue of A$3.3M in FY2025 versus A$29.2M in FY2021, a compound −41.8%/yr. Reported net income was A$284K in FY2025, compounding −65.8%/yr from FY2021.

Revenue −41.8%/yr
FY21 A$29.2M
FY22 −A$16.4M
FY23 −A$137K
FY24 −A$19.8M
FY25 A$3.3M
Net income −65.8%/yr
FY21 A$20.7M
FY22 −A$12.8M
FY23 −A$457K
FY24 −A$17.7M
FY25 A$284K

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Frequently asked questions

Is NAOS Emerging Opportunities Company (NCC) undervalued?
As of Jun 26, 2026, our model estimates a fair value of A$0.0700 versus a price of A$0.3800 — about −82% (overvalued). Model-based estimate, not financial advice.
What is the fair value of NCC?
Our model-based fair value for NAOS Emerging Opportunities Company is A$0.0700 (as of Jun 26, 2026), built from audited fundamentals. The current price is A$0.3800.
What is the quality score of NCC?
NAOS Emerging Opportunities Company has a Quality Score of 68/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of NAOS Emerging Opportunities Company (NCC)?
NAOS Emerging Opportunities Company reported trailing-twelve-month revenue of about A$7.9M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of NCC?
The net profit margin of NAOS Emerging Opportunities Company is about 53.1%, meaning it keeps roughly 53.1% of revenue as net income. Based on the latest reported figures.
Does NAOS Emerging Opportunities Company pay a dividend?
NAOS Emerging Opportunities Company currently shows a dividend yield of about 10.25% 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.