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RIT Capital Partners Plc (RCP) Fair Value & Analysis

Financial Services · GB · Market cap 3.3B GBX

RC RIT Capital Partners Plc RCP · LSE
Price£24.50
Fair Value£41.88
Upside+70.9%
Quality79/100
Weak Growth
Highly profitable · 85.7% net margin
Low debt · generates free cash flow
1.75% dividend yield
Ranks above peers (10/14)
Wide moat 73/100
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Evidence: High Range £31.41 – £52.35 Share as image

Fair value as of: Jul 16, 2026

From 25 valuation models · updated 15 days ago

Fair value updated Jul 16, 2026, revised from £41.60 to £41.88 (+0.7%) since Jun 26, 2026. Share price +11.8% over the past month.

What matters now

  • The rarer combination: high quality (79/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (£31.41). The market is more pessimistic than our downside scenario.
  • 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 (12 months)

£24.79 £18.01 Fair Value £41.88 Aug 2025 Jul 2026

12‑month range £18.01 – £24.79 · fair‑value band £31.41 – £52.35 · the £24.50 price screens below the £41.88 fair value. As of Jul 16, 2026.

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Analysis

RIT Capital Partners Plc (RCP) currently trades at £24.50, while our model-based Fair Value estimate is £41.88, implying the stock looks roughly 70.9% undervalued today. We read business quality at 79/100 (high 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, RIT Capital Partners Plc generated revenue of £536M at a net margin of 85.7%. Revenue grew 93.3% year over year. It earns a return on equity of 11.8%. Net debt stands at £83.8M. Fundamentals as of Jul 16, 2026

Our scenario range runs from £31.41 (bear case) to £52.35 (bull case); at £24.50, the current price sits below that range. For context, the median of 10 Financial Services peers we cover trades at -38% fair-value upside, at 71%, RCP screens cheaper than that median.

Key figures & financial health

Revenue (TTM) 536M GBX
Revenue growth (YoY) +93.3%
Net margin 85.7%
Return on equity 11.8%
Free cash flow 206M GBX FY2025
P/E ratio 7.5
More key figures
Operating margin 94.3%
EPS (TTM) £3.27
Dividend yield 1.8%
EPS growth (YoY) +125%
Net debt 83.8M GBX FY2025

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

Quality Score breakdown

Overall quality 79/100
Profitability 43
Quality Growth 49
Cashflow 75
Fin. Strength 77
Investment 93
Low Volatility 99
Momentum 64
52W Momentum 86
Net Issuance 100

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

RIT Capital Partners Plc is a self-managed investment trust. The firm invests in the public equity and currency markets across the globe. It also invests in private investments and equity funds. The firm benchmarks the performance of its portfolio against the RPI plus 3% and MSCI All Country World Index (50% Sterling).

Full company description

RIT Capital Partners Plc is a self-managed investment trust. The firm invests in the public equity and currency markets across the globe. It also invests in private investments and equity funds. The firm benchmarks the performance of its portfolio against the RPI plus 3% and MSCI All Country World Index (50% Sterling). It employs a top-down approach to make its investments. The firm makes its investments in companies operating across diversified sectors. RIT Capital Partners plc was founded on August 1, 1988 and is based in London, United Kingdom.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

RIT Capital Partners Plc reported revenue of £37.5M in FY2025 versus £916M in FY2021, a compound −55.0%/yr. Reported net income was £459M in FY2025, compounding −14.5%/yr from FY2021.

Revenue −55.0%/yr
FY21 £916M
FY22 £26.7M
FY23 £32.5M
FY24 £375M
FY25 £37.5M
Net income −14.5%/yr
FY21 £859M
FY22 −£577M
FY23 £66.1M
FY24 £305M
FY25 £459M

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Cite: Fair Value Calculator (2026). "RIT Capital Partners Plc Fair Value". https://www.fairvalue-calculator.com/stock/RCP

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.

VALUE 100 / 33
FUTURE 100 / 8
PAST 47 / 24
HEALTH 98 / 95
DIVIDEND 35 / 69

Values & ESG

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

None of the checked exposures detected

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

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Fondul Proprietatea SA FP $0.0420 $0.0800 +90%
The Schiehallion Fund Limited MNTN $2.27 $4.54 +100%
BlackRock, Inc UU2 €923.80 €569.37 -38%
Blackstone Inc BX $118.55 $61.04 -49%
Investor AB INVEB kr 393.75 kr 1,417 +260%
Brookfield Corporation BN $44.44 $5.89 -87%
KKR & Co KKR $94.45 $26.57 -72%
Brookfield Asset Management Ltd BAM C$64.38 C$42.42 -34%
State Street Corporation S1TT34 R$896.00 R$180.89 -80%
EQT AB EQT kr 268.30 kr 13.07 -95%

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Frequently asked questions

Is RIT Capital Partners Plc (RCP) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of £41.88 versus a price of £24.50, about +71% (undervalued).
What is the fair value of RCP?
Our model-based fair value for RIT Capital Partners Plc is £41.88 (as of Jul 16, 2026), built from audited fundamentals. The current price is £24.50.
What is the quality score of RCP?
RIT Capital Partners Plc has a Quality Score of 79/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of RIT Capital Partners Plc (RCP)?
RIT Capital Partners Plc reported trailing-twelve-month revenue of about £536M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of RCP?
The net profit margin of RIT Capital Partners Plc is about 85.7%, meaning it keeps roughly 85.7% of revenue as net income. Based on the latest reported figures.
Does RIT Capital Partners Plc pay a dividend?
RIT Capital Partners Plc currently shows a dividend yield of about 1.85% relative to its recent price (as of Jul 16, 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.

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