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Puma Vct 13 Plc (PU13) Fair Value & Analysis

Financial Services · GB · Market cap 244M GBX

PV Puma Vct 13 Plc PU13 · LSE
Price£1.18
Fair Value£0.2975
Upside-74.7%
Quality50/100
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Evidence: Medium Range £0.2210 – £0.3740

Fair value as of: Jul 16, 2026

From 13 valuation models · updated yesterday

Price vs Fair Value (12 months)

£1.25 £1.16 Fair Value £0.2975 Jul 2025 Jul 2026

12‑month range £1.16 – £1.25 · fair‑value band £0.2210 – £0.3740 · the £1.18 price screens above the £0.2975 fair value. As of Jul 16, 2026.

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Analysis

Puma Vct 13 Plc (PU13) currently trades at £1.18, while our model-based Fair Value estimate is £0.2975, implying the stock looks roughly 74.7% overvalued today. We read business quality at 50/100 (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: medium).

The balance sheet holds a net cash position of £17.9M. The stock trades on a trailing P/E of 39.2. Fundamentals as of Jul 16, 2026

Our scenario range runs from £0.2210 (bear case) to £0.3740 (bull case); at £1.18, the current price sits above that range. For context, the median of 10 Financial Services peers we cover trades at 53% fair-value upside, at -75%, PU13 screens richer than that median.

Key figures & financial health

Return on equity 1,882%
Free cash flow −2.1M GBX FY2026
P/E ratio 39.2
EPS (TTM) £0.0300
Net cash 17.9M GBX FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 16, 2026. TTM = trailing twelve months.

About the company

Puma Vct 13 Plc is a venture capital trust of Puma Investments specializing in early stage and growth funding to small and medium-sized companies. The fund is sector-agnostic and prefers to invest in educational technology providers to high-performance sports apparel producers, carbon wheel manufacturers, and digital influencer platform sectors. The fund typically invests around £0.003 million ($0.0038 million) per application. It seeks to invest in the UK.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Puma Vct 13 Plc reported revenue of £5.6M in FY2026 versus £9.6M in FY2022, a compound −12.9%/yr. Reported net income was £4.2M in FY2026, compounding −17.8%/yr from FY2022.

Revenue −12.9%/yr
FY22 £9.6M
FY23 £3.2M
FY24 −£7.4M
FY25 £1.4M
FY26 £5.6M
Net income −17.8%/yr
FY22 £9.3M
FY23 £2.7M
FY24 −£8.1M
FY25 £217K
FY26 £4.2M

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Cite: Fair Value Calculator (2026). "Puma Vct 13 Plc Fair Value". https://www.fairvalue-calculator.com/stock/PU13

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Frequently asked questions

Is Puma Vct 13 Plc (PU13) undervalued?
As of Jul 16, 2026, our model estimates a fair value of £0.2975 versus a price of £1.18, about −75% (overvalued). Model-based estimate, not financial advice.
What is the fair value of PU13?
Our model-based fair value for Puma Vct 13 Plc is £0.2975 (as of Jul 16, 2026), built from audited fundamentals. The current price is £1.18.
What is the quality score of PU13?
Puma Vct 13 Plc has a Quality Score of 50/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the net profit margin of PU13?
The net profit margin of Puma Vct 13 Plc is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

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.

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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.