Added to YB: 2026-03-09
Pitch date: 2026-03-06
INOV.L [neutral]
Schroders Capital Global Innovation Trust plc - INOV
+3.16%
current return
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
Company Info
Schroders Capital Global Innovation Trust plc - INOV specializes in investments in startups, midsize, middle market and large stage, early stage and mature stage investments.
Market Cap
GBP 108.4M
Pitch Price
GBP 0.14
Price Target
0.34 (+137%)
Dividend
N/A
EV/EBITDA
N/A
P/E
77.10
EV/Sales
26.23
Sector
Capital Markets
Category
value
Revisiting INOV-ious value
INOV.L (update): PE/VC trust at 37% discount to 21.42p NAV (£136.1m), but true discount may be 76.7%. £33.3m cash (5.2p/share, 40% of price). Top holdings: Atom Bank (£23.1m NAV, likely worth £30.9m on 25x £16.9m FY25 profit & £423.9m NTA; +89 NPS, +30% volume growth), Revolut (0.046% stake worth £25.6m at $75bn val vs £18.8m NAV; $4bn rev, $1bn profit FY24). Upside from Nexeon, Back Market (£2.7bn GMV, +30% growth, profitable 2026), plus £24.3m Anthos/Araris milestones not in NAV. Estimates 34.2p fair value.
Read full article (7 min)