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Rights and Issues Investment Trust Public Limited (RIII) Fair Value & Analysis

Financial Services · GB · Market cap 104M GBX

RA Rights and Issues Investment Trust Public Limited RIII · LSE
Price£21.90
Fair Value£17.01
Upside-22.3%
Quality64/100
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Evidence: High Range £12.76 – £21.26

Fair value as of: Jun 26, 2026

From 22 valuation models · updated 7 days ago

Share price +2.3% over the past month.

Price vs Fair Value (12 months)

£22.45 £19.03 Fair Value £17.01 Jul 2025 Jul 2026

12‑month range £19.03 – £22.45 · fair‑value band £12.76 – £21.26 · the £21.90 price screens above the £17.01 fair value. As of Jun 26, 2026.

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Analysis

Rights and Issues Investment Trust Public Limited (RIII) currently trades at £21.90, while our model-based Fair Value estimate is £17.01 — implying the stock looks roughly 22.3% overvalued today. We read business quality at 64/100 (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, Rights and Issues Investment Trust Public Limited generated revenue of £5.9M at a net margin of 80.2%. Revenue declined 69.8% year over year. It earns a return on equity of 3.8%. The balance sheet holds a net cash position of £2.8M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 5.9M GBX
Revenue growth (YoY) -69.8%
Net margin 80.2%
Return on equity 3.8%
Free cash flow 4.3M GBX FY2025
P/E ratio 15.4
More key figures
Operating margin -18.6%
EPS (TTM) £1.43
Dividend yield 2.0%
EPS growth (YoY) -68.6%
Net cash 2.8M GBX FY2025

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

About the company

Rights and Issues Investment Trust Public Limited Company is a self-managed investment trust. The firm invests in public equity markets of the United Kingdom. It invests in stocks of small-cap companies. The firm benchmarks the performance of its portfolio against the FTSE All share index. Rights and Issues Investment Trust Public Limited Company was founded in 1963 and is based in London, United Kingdom.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Rights and Issues Investment Trust Public Limited reported revenue of £25.0M in FY2025 versus £61.1M in FY2021, a compound −20.0%/yr. Reported net income was £4.7M in FY2025, compounding −47.1%/yr from FY2021.

Revenue −20.0%/yr
FY21 £61.1M
FY22 −£53.3M
FY23 £4.8M
FY24 £13.1M
FY25 £25.0M
Net income −47.1%/yr
FY21 £60.4M
FY22 −£54.2M
FY23 £3.6M
FY24 £11.8M
FY25 £4.7M

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Frequently asked questions

Is Rights and Issues Investment Trust Public Limited (RIII) undervalued?
As of Jun 26, 2026, our model estimates a fair value of £17.01 versus a price of £21.90 — about −22% (overvalued). Model-based estimate, not financial advice.
What is the fair value of RIII?
Our model-based fair value for Rights and Issues Investment Trust Public Limited is £17.01 (as of Jun 26, 2026), built from audited fundamentals. The current price is £21.90.
What is the quality score of RIII?
Rights and Issues Investment Trust Public Limited has a Quality Score of 64/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Rights and Issues Investment Trust Public Limited (RIII)?
Rights and Issues Investment Trust Public Limited reported trailing-twelve-month revenue of about £5.9M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of RIII?
The net profit margin of Rights and Issues Investment Trust Public Limited is about 80.2%, meaning it keeps roughly 80.2% of revenue as net income. Based on the latest reported figures.
Does Rights and Issues Investment Trust Public Limited pay a dividend?
Rights and Issues Investment Trust Public Limited currently shows a dividend yield of about 2.03% 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.