Want to see GB:AATG full AI Analyst Report?
Top Page
Albion Technology & General VCT
(LSE:AATG)
Select Model
Select Model
Rating:61Neutral
Price Target:
69.00 p
▲(5.34% Upside)
Action:Reiterated
Date:08/04/26
The score is held back primarily by persistently negative operating/free cash flow and historical earnings volatility, despite a very strong debt-free balance sheet. Technicals look stable-to-slightly positive, and corporate updates (capital raises, buybacks, steady NAV) are supportive. Valuation is mixed: a solid dividend yield offsets a high P/E that suggests limited valuation margin of safety.
Positive Factors
Balance sheet strength
Zero reported debt and a materially larger equity base (equity rose notably over 2023–2025) create durable financial flexibility. This capitalization cushions portfolio volatility, lowers refinancing risk, and gives the trust capacity to fund new investments or support portfolio companies without relying on external leverage.
Negative Factors
Negative cash generation
Persistent negative operating and free cash flow reduces internally generated liquidity, forcing reliance on capital raises, asset disposals, or external funding to support distributions and new investments. Over time this strains financial flexibility and can increase dilution or constrain deployment timing.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Zero reported debt and a materially larger equity base (equity rose notably over 2023–2025) create durable financial flexibility. This capitalization cushions portfolio volatility, lowers refinancing risk, and gives the trust capacity to fund new investments or support portfolio companies without relying on external leverage.
Read all positive factors
Albion Technology & General VCT (AATG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£259.06M
Dividend Yield5.4%
Average Volume (3M)999.00
Price to Earnings (P/E)50.4
Beta (1Y)-0.02
Revenue Growth-32.90%
EPS Growth-80.41%
CountryUK
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)0.01
Shares Outstanding395,516,800
10 Day Avg. Volume1,096
30 Day Avg. Volume999
Financial Highlights & Ratios
PEG Ratio-0.65
Price to Book (P/B)0.86
Price to Sales (P/S)41.91
P/FCF Ratio-82.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Albion Technology & General VCT Business Overview & Revenue Model
Company Description
Albion Technology & General VCT PLC (AATG.L) functions as a venture capital trust, strategically investing in both technology and non-technology businesses, primarily those based in the United Kingdom. The trust maintains specific exclusions, avoi...
How the Company Makes Money
AATG makes money primarily through investment returns from its portfolio rather than through selling products or services. Key sources include: (1) Capital gains on exits: When portfolio companies are sold, refinanced, or otherwise realize liquidi...
Albion Technology & General VCT Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
86
Very Positive
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.74M | 4.80M | 3.61M | 3.28M | 20.25M |
| Gross Profit | 5.74M | 12.51M | 926.00K | -2.85M | 22.60M |
| EBITDA | 4.75M | 11.43M | 4.35M | -6.30M | 19.89M |
| Net Income | 4.75M | 11.43M | 4.35M | -6.30M | 19.89M |
Balance Sheet | |||||
| Total Assets | 281.43M | 254.14M | 128.41M | 122.35M | 107.77M |
| Cash, Cash Equivalents and Short-Term Investments | 61.40M | 47.81M | 25.57M | 26.59M | 14.36M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.76M | 2.82M | 1.09M | 1.10M | 780.00K |
| Stockholders Equity | 279.67M | 251.32M | 127.32M | 121.25M | 106.99M |
Cash Flow | |||||
| Free Cash Flow | -2.90M | -1.17M | -1.54M | -6.30M | -1.85M |
| Operating Cash Flow | -2.90M | -1.17M | -1.54M | -6.30M | -1.85M |
| Investing Cash Flow | -6.30M | -1.39M | -1.21M | -6.58M | -4.32M |
| Financing Cash Flow | 22.80M | 24.80M | 1.72M | 20.55M | 9.08M |
Albion Technology & General VCT Peers Comparison
UnderperformOutperform
Sector (55)
GB:AATG
Albion Technology & General VCT
65.50
0.56
0.86%
GB:GV1O
Gresham House Renewable Energy VCT 1 PLC
5.50
-3.11
-36.11%
GB:GV1A
Gresham House Renewable Energy VCT 1 Plc Class A
5.05
0.00
0.00%
GB:PUAL
Puma Alpha VCT Plc
85.50
-12.00
-12.31%
GB:TPV
Triple Point VCT 2011 PLC
87.00
1.99
2.34%
GB:PU13
Puma VCT 13 PLC
117.50
1.00
0.86%
Albion Technology & General VCT Corporate Events
Regulatory Filings and Compliance
Albion Technology & General VCT Updates Share Capital and Voting Rights
Neutral
Jul 31, 2026
Albion Technology General VCT PLC has confirmed its total voting rights and share capital as at 31 July 2026, reporting 441,524,367 ordinary 1p shares in issue. Of these, 32,370,947 shares are held in treasury without voting rights, leaving 409,1...
Private Placements and FinancingRegulatory Filings and Compliance
Albion Technology & General VCT Updates Share Admission and Voting Rights
Neutral
Jun 30, 2026
Albion Technology General VCT has admitted 1,393,800 new Ordinary Shares of 1 penny each to trading on the London Stock Exchange’s Main Market, fully fungible with existing shares, following an allotment under its Dividend Reinvestment Sche...
Stock BuybackRegulatory Filings and Compliance
Albion Technology & General VCT Cuts Voting Share Base with Targeted Buyback
Neutral
Jun 23, 2026
Albion Technology General VCT has repurchased 1,971,540 ordinary shares at 65.19 pence each, representing 0.48% of its pre-transaction voting rights, and will cancel the shares to reduce its outstanding share capital. Following the buyback, the c...
Business Operations and StrategyPrivate Placements and Financing
Albion VCTs Plan 2026/2027 Prospectus Top-Up Share Offers
Positive
Jun 19, 2026
Albion Crown VCT, Albion Enterprise VCT and Albion Technology General VCT plan to launch new prospectus top-up offers of ordinary shares for subscription in the 2026/2027 U.K. tax year, subject to regulatory approval. The prospectus, detailing th...
Private Placements and FinancingRegulatory Filings and Compliance
Albion Technology & General VCT Expands Share Capital via Dividend Reinvestment
Neutral
Jun 12, 2026
Albion Technology General VCT PLC has issued 1,393,800 new ordinary shares under its Dividend Reinvestment Scheme at 68.62p per share, reflecting the latest net asset value adjusted for the recent dividend. The new shares, which will rank equally...
Regulatory Filings and Compliance
Albion Technology & General VCT Discloses Director Share Purchase via Dividend Reinvestment
Positive
Jun 12, 2026
Albion Technology General VCT PLC disclosed that director Clive Richardson acquired additional ordinary shares through the company’s dividend reinvestment scheme on 12 June 2026. The transaction, conducted on the London Stock Exchange, invo...
Business Operations and StrategyStock BuybackShareholder Meetings
Albion Technology & General VCT Wins Strong Backing at AGM
Positive
Jun 9, 2026
Albion Technology General VCT PLC reported strong shareholder support at its 9 June 2026 virtual annual general meeting, with investors backing all resolutions related to the company’s accounts, director re-elections and auditor arrangement...
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresPrivate Placements and Financing
Albion Technology & General VCT Holds Steady NAV, Completes £30m Offer and Boosts Shareholder Services
Positive
Jun 9, 2026
Albion Technology General VCT reported a modest 0.5% decline in unaudited NAV to £294.2 million, or 70.39 pence per share as of 31 March 2026, reflecting steady portfolio performance amid ongoing dividend distributions. The company completed...
Regulatory Filings and Compliance
Albion Technology & General VCT Updates Total Voting Rights and Share Capital
Neutral
May 29, 2026
Albion Technology General VCT PLC has reported its latest share capital and voting rights position as of 29 May 2026, confirming that it has 442,102,107 ordinary 1p shares in issue, of which 32,370,947 are held in treasury without voting rights. ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Albion Technology & General VCT Cuts Voting Share Count with Buyback and Cancellation
Neutral
May 19, 2026
Albion Technology General VCT PLC has bought back 8,243,896 of its ordinary shares at 65.49 pence each, equivalent to 1.97% of its pre-transaction voting rights, and these shares will be cancelled, signalling an active approach to managing its ca...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.