CQS New City High Yield Fund Limited (NCYF) Fair Value & Analysis
Financial Services · GB · Market cap 347M GBX
Fair value as of: Jun 26, 2026
From 15 valuation models · updated 7 days ago
Share price +2.0% over the past month.
Price vs Fair Value (12 months)
12‑month range £0.4869 – £0.5330 · fair‑value band £0.3300 – £0.5400 · the £0.5190 price screens above the £0.4300 fair value. As of Jun 26, 2026.
✦ Which stocks are undervalued right now? Check free Discover now →Analysis
CQS New City High Yield Fund Limited (NCYF) currently trades at £0.5190, while our model-based Fair Value estimate is £0.4300 — implying the stock looks roughly 17.1% overvalued today. We read business quality at 45/100 (below-average 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, CQS New City High Yield Fund Limited generated revenue of £27.4M at a net margin of 78.9%. Revenue grew 34.4% year over year. It earns a return on equity of 7.2%. Net debt stands at £29.9M. 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
CQS New City High Yield Fund Limited is a close ended fixed income mutual fund launched by CQS Asset Management Ltd. The fund is managed by CQS (UK) LLP. It invests in fixed income markets. The fund primarily invests in fixed income securities such as corporate and government bonds, loan stocks, and high yielding bonds. It uses a value approach to create its portfolio. The fund was formerly known as New City High Yield Fund Limited. CQS New City High Yield Fund Limited was formed in October 2004 and is domiciled in the Channel Islands.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
CQS New City High Yield Fund Limited reported revenue of £21.0M in FY2025 versus £9.6M in FY2021, a compound +21.8%/yr. Reported net income was £17.5M in FY2025, compounding −19.5%/yr from FY2021.
Is NCYF fairly valued? → Check now
Similar stocks
6 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Fondul Proprietatea SA FP | $4.20 | $6.41 | +53% |
| The Schiehallion Fund Limited MNTN | $0.0214 | $0.0400 | +87% |
| BlackRock, Inc BLK | 17,417 MXN | 11,340 MXN | -35% |
| BH Macro Limited BHMU | $4.42 | $8.84 | +100% |
| Blackstone Inc BX | $118.48 | $55.81 | -53% |
| Investor AB IVSBF | $40.08 | $80.15 | +100% |
Explore undervalued stocks
More undervalued Financial Services stocks →
Frequently asked questions
Is CQS New City High Yield Fund Limited (NCYF) undervalued?
What is the fair value of NCYF?
What is the quality score of NCYF?
What is the revenue of CQS New City High Yield Fund Limited (NCYF)?
What is the net profit margin of NCYF?
Does CQS New City High Yield Fund Limited pay a dividend?
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.