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Syncona Limited (SYNC) Fair Value & Analysis

Financial Services · GB · Market cap 651M GBX

SL Syncona Limited SYNC · LSE
Price£1.07
Fair Value£0.3700
Upside-65.4%
Quality57/100
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Weak Growth
Loss-making · -43.4% net margin
generates free cash flow
Trails peers (1/9)
Narrow moat 16/100
Evidence: Medium Range £0.1900 – £0.5600 Share as image

Fair value as of: Jul 17, 2026

From 5 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from £0.2100 to £0.3700 (+76.2%) since Jun 26, 2026. Share price −0.4% over the past month.

A solid business, but screening 65% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (£0.5600). The favourable scenario is already priced in.
  • The model range is unusually wide (£0.1900 to £0.5600). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

£2.19 £0.7853 Fair Value £0.3700 May 2021 Aug 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 £0.7853 – £2.19 · fair‑value band £0.1900 – £0.5600 · the £1.07 price screens above the £0.3700 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

Syncona Limited (SYNC) currently trades at £1.07, while our model-based Fair Value estimate is £0.3700, implying the stock looks roughly 65.4% overvalued today. The Quality Score stands at 57/100 (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).

Revenue declined 3.3% year over year. It earns a return on equity of -8.6%. The balance sheet holds a net cash position of £1.9M. Fundamentals as of Jul 17, 2026

Our scenario range runs from £0.1900 (bear case) to £0.5600 (bull case); at £1.07, 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 Financial Services peers we cover trades at -12% fair-value upside, at -65%, SYNC 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
Growth DCF £0.4900 £0.8500 £1.41 72
Gordon GGM £0.1700 £0.3000 £0.4200 70
Rev-Margin DCF £0.2900 £0.4500 £0.8000 67
All 5 models by family
Dividend Discount
Gordon GGM £0.1700 £0.3000 £0.4200 70
DDM Multi-Stage £0.1700 £0.2800 £0.3300 61
Asset-Based
NCAV (Graham) £0.8500 £1.14 £1.71 50
Growth DCF
Growth DCF £0.4900 £0.8500 £1.41 72
Rev-Margin DCF £0.2900 £0.4500 £0.8000 67

Widest divergence: Asset-Based (£1.14) versus Dividend Discount (£0.2800). Highest evidence: Growth DCF (72).

Key figures & financial health

Revenue (TTM) 20.3M GBX
Revenue growth (YoY) -3.3%
Net margin -43.4%
Return on equity -0.8%
Free cash flow 23.3M GBX FY2026
Operating margin -11,993%
More key figures
EPS (TTM) £-0.0100
Net cash 1.9M GBX FY2026

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

Quality Score breakdown

Overall quality 57/100

Of which business quality 58 · Market factors (momentum, volatility) 72

Profitability 8
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 95
Calm price path (market factor)
Momentum 57
Price trend over the last 3–12 months (market factor)
52W Momentum 70
Distance to the 52-week high (market factor)
Net Issuance 100
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

Syncona Limited is a fund specializes in investments in hedge, equity and long-term alternative investment funds across multiple asset classes. It manages private equity, debt, fixed income and alternative investments. The fund prefers to invest in healthcare and life sciences sector with focus on Cell therapy, gene therapy, biologics and small molecules.

Full company description

Syncona Limited is a fund specializes in investments in hedge, equity and long-term alternative investment funds across multiple asset classes. It manages private equity, debt, fixed income and alternative investments. The fund prefers to invest in healthcare and life sciences sector with focus on Cell therapy, gene therapy, biologics and small molecules. The fund invests in the public equity and fixed income markets across the globe. It targets attractive medium to long term returns by investing in leading long-only and alternative investment funds with proven managers and across multiple asset classes. The firm invests in separately managed account portfolios.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Syncona Limited reported revenue of £57.3M in FY2026 versus £18.7M in FY2022, a compound +32.3%/yr. Reported net income was −£8.8M in FY2026.

Growth Quality 12/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
£57.3M
Avg. growth/yr (5Y)
−6.1%
Avg. growth/yr (13Y)
−1.1%
Revenue +32.3%/yr
FY22 £18.7M
FY23 −£39.8M
FY24 £30.7M
FY25 −£68.3M
FY26 £57.3M
Net income
FY22 £8.8M
FY23 −£56.0M
FY24 £3.8M
FY25 −£143M
FY26 −£8.8M

SYNC screens 65% overvalued. Compare with Fondul Proprietatea SA →

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

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 55 · Below median
Fair Value upside −65% · Bottom 25%
Return on assets -0% · Bottom 25%
Net margin (TTM) -43% · Bottom 25%
Revenue growth -3% · Below median

Valuation Multiples vs Asset Management median · lower = cheaper

P/B 0.85× · Cheaper than median
P/S (TTM) 43.32× · Pricier than 75% of peers
P/FCF 37.6× · Pricier than 75% of peers

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 Syncona Limited (SYNC) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of £0.3700 versus a price of £1.07, about −65% (overvalued).
What is the fair value of SYNC?
Our model-based fair value for Syncona Limited is £0.3700 (as of Jul 17, 2026), built from audited fundamentals. The current price is £1.07.
What is the quality score of SYNC?
Syncona Limited has a Quality Score of 57/100. 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 net profit margin of SYNC?
The net profit margin of Syncona Limited 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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