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SLPE Fair Value & Analysis

Industrials · GB · Market cap 787M GBX

S SLPE SLPE · LSE
Price£6.26
Fair Value£2.33
Upside-62.8%
Quality67/100
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Mixed Growth
Highly profitable · 95.3% net margin
negative free cash flow
2.70% dividend yield
Ranks above peers (7/9)
Wide moat 90/100
Evidence: Medium Range £1.56 – £3.10 Share as image

Fair value as of: Jul 17, 2026

From 5 valuation models · updated 24 days ago

Share price +3.1% over the past month.

A solid business, but screening 63% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (£3.10). The favourable scenario is already priced in.
  • Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (£1.56 to £3.10) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

£6.42 £3.26 Fair Value £2.33 Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range £3.26 – £6.42 · fair‑value band £1.56 – £3.10 · the £6.26 price screens above the £2.33 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

SLPE (SLPE) currently trades at £6.26, while our model-based Fair Value estimate is £2.33, implying the stock looks roughly 62.8% overvalued today. The Quality Score stands at 67/100 (solid quality), in the Industrials 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).

Over the trailing twelve months, SLPE generated revenue of £301M at a net margin of 95.3%. Revenue grew 37.8% year over year. It earns a return on equity of 31.7%. Net debt stands at £115M. Fundamentals as of Jul 17, 2026

Our scenario range runs from £1.56 (bear case) to £3.10 (bull case); at £6.26, the current price sits above 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 Industrials peers we cover trades at -12% fair-value upside, at -63%, SLPE screens richer 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income £6.58 £7.01 £7.75 76
P/E Multiple £11.61 £15.49 £19.36 63
P/B Multiple £9.40 £12.54 £15.67 55
All 5 models by family
Earnings-Based
Graham-Dodd £5.01 £6.13 £6.89 54
Multiples
P/E Multiple £11.61 £15.49 £19.36 63
P/B Multiple £9.40 £12.54 £15.67 55
Asset-Based
NCAV (Graham) £4.09 £5.48 £8.17 50
Economic Profit
Residual Income £6.58 £7.01 £7.75 76

Widest divergence: Multiples (£12.54) versus Asset-Based (£5.48). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 301M GBX
Revenue growth (YoY) +37.8%
Net margin 95.3%
Return on equity 31.7%
Free cash flow −13.5M GBX FY2025
P/E ratio 0.0
More key figures
Operating margin 96.7%
EPS (TTM) £186.20
Dividend yield 2.7%
EPS growth (YoY) +38.1%
Net debt 115M GBX FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 60 · Market factors (momentum, volatility) 63

Profitability 40
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 71
Distance to the 52-week high (market factor)
Net Issuance 97
Buybacks instead of dilution

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

SL Private Equity specializes in fund of funds and direct investments. It seeks to invest in mid-market buyouts and expansion capital. It focuses on investments in technology, healthcare, industrials, consumer discretionary, consumer staples, oil and gas services, financials, educational publishing, aero-engineering, and capital goods outside Europe.

Full company description

SL Private Equity specializes in fund of funds and direct investments. It seeks to invest in mid-market buyouts and expansion capital. It focuses on investments in technology, healthcare, industrials, consumer discretionary, consumer staples, oil and gas services, financials, educational publishing, aero-engineering, and capital goods outside Europe. Within fund of fund investments it seeks to invest in private equity funds focused on mid to large sized buyouts. It seeks to invest in funds investing in companies with enterprise values ranging between EUR100 million ($111.10 million) and EUR2 billion ($2,881.60 million). The fund prefers to invest in the companies based in Europe. It prefer to have majority stake in companies.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SLPE reported revenue of £121M in FY2025 versus £290M in FY2021, a compound −19.7%/yr. Reported net income was £113M in FY2025, compounding −20.7%/yr from FY2021.

Growth Quality 44/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
£121M
Latest YoY
+284.2%
Avg. growth/yr (3Y)
−6.4%
Avg. growth/yr (5Y)
+7.6%
Avg. growth/yr (22Y)
+13.3%
Revenue −19.7%/yr
FY21 £290M
FY22 £147M
FY23 £65.4M
FY24 £31.4M
FY25 £121M
Net income −20.7%/yr
FY21 £286M
FY22 £144M
FY23 £61.0M
FY24 £26.5M
FY25 £113M

SLPE screens 63% overvalued. Compare with Fondul Proprietatea SA →

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Cite: Fair Value Calculator (2026). "SLPE Fair Value". https://www.fairvalue-calculator.com/stock/SLPE

Peer Group

Asset Management · 973 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.

Quality Score 67 · Above median
Fair Value upside −63% · Bottom 25%
Return on equity (TTM) 32% · Top 25%
Return on assets 20% · Top 25%
Net margin (TTM) 95% · Top 25%
Operating margin (TTM) 97% · Top 25%
Revenue growth 38% · Above median
Dividend yield (TTM) 2.7% · Below median

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 0.0× · Cheaper than 75% of peers

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 0 · sector 37
FUTURE 100 · sector 6
PAST 100 · sector 26
HEALTH 0 · sector 95
DIVIDEND 54 · sector 69

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

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 17, 2026).

Stock Price Fair Value vs Fair Value
Fondul Proprietatea SA FP $0.0420 $0.0800 +90%
BlackRock, Inc BLK $1,136 $465.75 -59%
Blackstone Inc BX $124.56 $16.35 -87%
Investor AB INVEB kr 423.70 kr 847.40 +100%
Brookfield Corporation BN C$62.45 C$10.12 -84%
KKR & Co KKR $100.94 $44.88 -56%
AB Industrivärden INDUA kr 532.50 kr 1,065 +100%
Jio Financial Services Limited JIOFIN ₹242.98 ₹40.19 -83%
Hedef Holding HEDEF 267.25 TRY 320.98 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹10,398 ₹9,202 -12%

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Frequently asked questions

Is SLPE overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of £2.33 versus a price of £6.26, about −63% (overvalued).
What is the fair value of SLPE?
Our model-based fair value for SLPE is £2.33 (as of Jul 17, 2026), built from audited fundamentals. The current price is £6.26.
What is the quality score of SLPE?
SLPE has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of SLPE?
SLPE reported trailing-twelve-month revenue of about £301M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of SLPE?
The net profit margin of SLPE is about 95.3%, meaning it keeps roughly 95.3% of revenue as net income. Based on the latest reported figures.
Does SLPE pay a dividend?
SLPE currently shows a dividend yield of about 2.70% relative to its recent price (as of Jul 17, 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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