Netcapital Inc (NCPL) Fair Value & Analysis

Financial Services · US · Market cap $2.5M

Below-average quality, screening 71% undervalued on our models.

What matters now

• The large discount to fair value meets weak quality (34/100). That raises the risk this is a value trap rather than a bargain.
• The price is below even our cautious bear case ($0.2941). The market is more pessimistic than our downside scenario.
• The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
• For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range $0.2280 – $1,190 · fair‑value band $0.2941 – $0.4905 · the $0.2280 price screens below the $0.3910 fair value. Dashed = 300-day average. As of Aug 19, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Netcapital Inc (NCPL) currently trades at $0.2280, while our model-based Fair Value estimate is $0.3910, implying the stock looks roughly 71.5% undervalued today. The Quality Score stands at 34/100 (below-average 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: low), always confirm before acting.

Trailing-twelve-month revenue stands at $740K. Revenue declined 38.2% year over year. It earns a return on equity of -99.5%. Net debt stands at $2.4M. Fundamentals as of Aug 19, 2026

Our scenario range runs from $0.2941 (bear case) to $0.4905 (bull case); at $0.2280, the current price sits below 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 -19% fair-value upside, at 71%, NCPL screens cheaper 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.

Widest divergence: Multiples ($1.61) versus Asset-Based ($1.27). Highest evidence: P/B Multiple (55).

Key figures & financial health

Quality Score breakdown

About the company

Netcapital Inc. operates as a fintech company with a technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors in the United States. The company's Netcapital Advisors offers marketing and strategic advice and takes equity positions in select companies.

Full company description

Netcapital Inc. operates as a fintech company with a technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors in the United States. The company's Netcapital Advisors offers marketing and strategic advice and takes equity positions in select companies. It also provides various services, including an automated onboarding process, filing of required regulatory documents, compliance review, a custom-built offering page on its portal website, email marketing, third-party transfer agent and custodial services, and rolling closes, which provide access to liquidity before the final close date of offerings, as well as assistance with annual filings and direct access to the team for ongoing support. In addition, the company offers advisory services, which include incubation of technology start-ups, investor introductions, online marketing, website design and software development, message crafting including pitch decks, offering pages, and ad creation, strategic advice, and technology consulting services. Netcapital Inc. is based in Boston, Massachusetts.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Netcapital Inc reported revenue of $869K in FY2025 versus $4.7M in FY2021, a compound −34.5%/yr. Reported net income was −$28.3M in FY2025.

Watch NCPL: get an alert when its fair value changes →

Peer Group

Capital Markets · 433 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.

Valuation Multiples vs Capital Markets median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Capital Markets stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Explore undervalued stocks

More undervalued Financial Services stocks →

Frequently asked questions

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.