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Estimates, scoring, valuation assumptions, and peer comparison in one research surface.
Change the assumptions to see how revenue growth, margins, and exit multiples can move fair value.
| Year | Revenue | Margin | Profit | Free cash flow | Present value |
|---|---|---|---|---|---|
| 2026 | £4.03B | 1.0% | £40.28M | -£483.36M | N/A |
| 2027 | £4.43B | 1.0% | £44.31M | -£531.70M | -£483.36M |
| 2028 | £4.87B | 1.0% | £48.74M | -£584.87M | -£483.36M |
| 2029 | £5.36B | 1.0% | £53.61M | -£643.35M | -£483.36M |
| 2030 | £5.90B | 1.0% | £58.97M | -£707.69M | -£483.36M |
| 2031 | £6.49B | 1.0% | £64.87M | -£778.46M | -£483.36M |
Projects EPS forward, applies an exit P/E, then discounts the result back to today.
| Base EPS | -£0.057 | 2023-12-31 |
| EPS growth | -40.0% | Forecast years: 5 |
| Future EPS | N/A | EPS × (1 + G)^5 |
| Base P/E | 4 | P/E |
| Future price | N/A | Future EPS × P/E |
| Fair value today | N/A | PV @ 10.0% |
| 30% safety price | N/A | Margin of safety |
| 50% safety price | N/A | Margin of safety |
| Discount rate \\ Terminal growth | 1.5% | 2.5% | 3.5% |
|---|---|---|---|
| 9.0% | -£653.28 | -£733.501 | -£842.893 |
| 10.0% | -£572.257 | -£631.402 | -£708.745 |
| 11.0% | -£508.393 | -£553.426 | -£610.468 |