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Truetide plc (TRUE) Fair Value & Analysis

Financial Services · GB · Market cap 2.5M GBX · ISIN GB00B13XV322

What is Truetide plc really worth?

TP Truetide plc TRUE · LSE
Price£0.0335
Fair Value£0.0255
Upside−23.9%
Quality42/100

Below-average quality, and trading another 31% above our fair value of £0.0255.

As of Jul 14, 2026, the fair value of Truetide plc is £0.0255 per share against a price of £0.0335, so the fair value sits 24% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Weak Growth (revenue 5y −56.0 %/yr)
!Thin margins · 0.0% net margin
!negative free cash flow
!Trails peers (1/9)
!Narrow moat 39/100
!Evidence only low, so the estimate is less certain
!Weak on valuation: 1 out of 100
Evidence: Low Range £0.0208 – £0.0317

Fair value as of: Jul 14, 2026

From 3 valuation models · updated 53 days ago

Share price +6.3% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (£0.0317). The favourable scenario is already priced in.
  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
  • 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 (5 years)

£0.4650 £0.0160 Fair Value £0.0255 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range £0.0160 – £0.4650 · fair‑value band £0.0208 – £0.0317 · the £0.0335 price screens above the £0.0255 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Truetide plc (TRUE) currently trades at £0.0335, while our model-based Fair Value estimate is £0.0255, implying the stock looks roughly 31.4% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Financial Services sector. How firm this estimate is: it rests on 3 models at a data quality of 96/100, which puts the evidence level at low.

It earns a return on equity of −32.3%. Fundamentals as of Jul 14, 2026

Our scenario range runs from £0.0208 (bear case) to £0.0317 (bull case); at £0.0335, 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 −28% fair-value upside, at −24%, TRUE screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Gordon GGM £0.0193 £0.0324 £0.0420 64
DDM Multi-Stage £0.0193 £0.0307 £0.0349 64
NCAV (Graham) £0.0001 £0.0003 £0.0004 50
All 3 models by family
Dividend Discount
Gordon GGM £0.0193 £0.0324 £0.0420 64
DDM Multi-Stage £0.0193 £0.0307 £0.0349 64
Asset-Based
NCAV (Graham) £0.0001 £0.0003 £0.0004 50

Widest divergence: Dividend Discount (£0.0307) versus Asset-Based (£0.0003). Highest evidence: Gordon GGM (64).

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Key figures & financial health

EPS (TTM) £−0.0200
Return on equity −32.3% TTM
Return on assets (EBIT) −10.6% avg 5y
Operating margin 29.7% TTM
Revenue (TTM) −412K GBX TTM
EPS growth (YoY) +134%
More key figures
Balance sheet & cash flow
Free cash flow −547K GBX FY2026
Net cash 151K GBX FY2026

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 39 · Market factors (momentum, volatility) 75

Profitability 1
Margins and returns on capital today
Quality Growth 95
Are margins and returns improving?
Cashflow 17
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 81
Price trend over the last 3–12 months (market factor)
52W Momentum 87
Distance to the 52-week high (market factor)
Net Issuance 0
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Truetide plc is a private equity and venture capital firm specializing in loan, mezzanine, seed/startup, early venture, late stage, emerging growth, turnaround, distress situations, buyout and growth capital companies.

Full company description

Truetide plc is a private equity and venture capital firm specializing in loan, mezzanine, seed/startup, early venture, late stage, emerging growth, turnaround, distress situations, buyout and growth capital companies. It prefers to invest in materials, industrials, commercial and professional services, consumer discretionary, consumer services, consumer staples, health care, financials, information technology, communication services, engineering services, sporting goods and services, biotechnology, chemicals, networking and telecommunication software, education services, internet software, digital, and media and entertainment. The firm prefers to invest in United Kingdom, Midland Area, Texas, Strathclyde, Humberside, Yorkshire, West Yorkshire, South Yorkshire, North Yorkshire, North Humberside. It invests in both unlisted and listed companies in form of equity and equity-related instruments, including convertible debt instruments in certain circumstances, for unlisted companies, it targets companies at different stage of development, ranging from those which at early stage to trade to those which are expecting to achieve an IPO in the short term. It also seeks a position on the boards of unlisted investee companies. For listed company investments, it targets investment where the Board considers the shares are undervalued but there are opportunities for significant growth which are typically passive investment, although it may take a more active approach if it considers there a need to effect change. The firm will assist the board and management of investee companies, including helping to scale management teams, informing strategy, and assisting with future financing. It takes a minority stake in a business and look for investments where there is a good prospect of an exit in a two-to-five-year period. The firm generally do not make an investment where the expected term is more than five years, other than for seed investments where the exit timing can be indeterminate. The firm acquire investments directly or by

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Truetide plc reported revenue of £129K in FY2026 versus £78.1K in FY2022, a compound +13.3%/yr. Reported net income was −£425K in FY2026.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
£129K
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+36.3%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−56.0%
Avg. revenue growth/yr (22Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−2.4%
EBIT margin (trend) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−25.2% (2021) → −299.0% (2026)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Revenue +13.3%/yr
FY22 £78.1K
FY23 £50.9K
FY24 £60.9K
FY25 £20.5K
FY26 £129K
Net income
FY22 £1.9M
FY23 £1.6M
FY24 −£7.2M
FY25 −£1.1M
FY26 −£425K

TRUE screens 31% overvalued. Compare with Blackstone Inc →

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Cite: Fair Value Calculator (2026). "Truetide plc Fair Value". https://www.fairvalue-calculator.com/stock/TRUE.LSE

Peer Group

Asset Management · 695 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 41 · Bottom 25%
Fair Value upside −24% · Below median
Return on assets −11% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) 175% · Top 25%
Revenue growth 0% · Below median

Valuation Multiples vs Asset Management median · lower = cheaper

P/B 1.51× · Pricier than median
P/S (TTM) 30.15× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE1 · sector 40
FUTURE0 · sector 15
PAST0 · sector 24
HEALTH0 · sector 95
DIVIDEND0 · sector 81

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

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Blackstone Inc BX $142.39 $52.88 −63%
Investor AB INVEB kr 408.05 kr 827.56 +103%
Brookfield Corporation BN C$55.74 C$10.67 −81%
KKR & Co KKR $108.68 $19.97 −82%
Apollo Global Management, Inc APO $135.04 $101.04 −25%
State Street Corporation STT $193.33 $138.33 −28%
Ameriprise Financial, Inc AMP $559.32 $515.24 −8%
Ares Management Corporation ARES $143.10 $30.88 −78%
Northern Trust Corporation NTRS $186.79 $122.02 −35%
Raymond James Financial, Inc RJF $181.10 $142.42 −21%

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Frequently asked questions

Is Truetide plc (TRUE) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of £0.0255 versus a price of £0.0335, about −24% upside (overvalued).
What is the fair value of TRUE?
Our model-based fair value for Truetide plc is £0.0255 (as of Jul 14, 2026), built from audited fundamentals. The current price: £0.0335.
What is the quality score of TRUE?
Truetide plc has a Quality Score of 42/100. 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 price target for Truetide plc (TRUE)?
Our model-based price target is the fair value of £0.0255 (as of Jul 14, 2026) from 3 valuation models. Cautious scenario £0.0208, optimistic scenario £0.0317. It is a calculation from audited fundamentals, not an analyst target.
What is the Truetide plc stock forecast for 2026?
Our models put fair value at £0.0255, about −24% upside versus a price of £0.0335 (overvalued). Cautious scenario £0.0208, optimistic scenario £0.0317. The calculation is refreshed regularly with new filings.
What is the net profit margin of TRUE?
The net profit margin of Truetide plc is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
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