TwentyFour Select Monthly Income Fund Limited (SMIF) Fair Value & Analysis
Financial Services · GB · Market cap 304M GBX
Fair value as of: Jun 26, 2026
From 26 valuation models · updated 7 days ago
Share price +0.3% over the past month.
Price vs Fair Value (12 months)
12‑month range £0.7619 – £0.8650 · fair‑value band £0.8100 – £1.35 · the £0.8620 price screens below the £1.08 fair value. As of Jun 26, 2026.
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TwentyFour Select Monthly Income Fund Limited (SMIF) currently trades at £0.8620, while our model-based Fair Value estimate is £1.08 — implying the stock looks roughly 25.3% undervalued today. We read business quality at 53/100 (solid 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.
The balance sheet holds a net cash position of £6.3M. The stock trades on a trailing P/E of 8.6. Fundamentals as of Jun 26, 2026
Key figures & financial health
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
TwentyFour Select Monthly Income Fund Limited is a closed-ended fixed income mutual fund launched by Numis Securities Ltd. The fund is managed by TwentyFour Asset Management LLP. It invests in fixed income markets of the United Kingdom. The fund primarily invests in "less liquid" instruments across the debt spectrum, including asset backed securities, bank capital, corporate loans, high yield bonds, and leveraged loans issued by a wide variety of issuers. It employs fundamental analysis with both top-down and bottom-up security selection approaches, focusing on such factors as economic fundamentals, market technicals, sentiment, valuations, and risk/stress analysis to create its portfolio. TwentyFour Select Monthly Income Fund Limited was formed on March 13, 2014 and is domiciled in Guernsey.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
TwentyFour Select Monthly Income Fund Limited reported revenue of £24.7M in FY2025 versus £25.7M in FY2021, a compound −1.0%/yr. Reported net income was £27.3M in FY2025, compounding +2.2%/yr from FY2021.
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Frequently asked questions
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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.