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Puma Alpha VCT Plc
(LSE:PUAL)
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Rating:43Neutral
Price Target:
83.00 p
▼(-2.92% Downside)
Action:Reiterated
Date:09/17/26
The score is primarily constrained by weak financial performance—persistent losses, volatile/negative revenue, and consistently negative operating/free cash flow—despite a low-risk, zero-debt balance sheet. Technicals add modest pressure with the price below key moving averages and a negative MACD, while valuation is only mildly supportive given a negative P/E and no dividend yield data.
Positive Factors
Zero-debt balance sheet
A zero-debt structure limits interest expense and refinancing exposure, giving the VCT greater resilience when portfolio valuations or exits are weak. This conservative capitalization also preserves flexibility to manage investments without the added pressure of creditor obligations.
Negative Factors
Sustained losses
Persistent losses indicate that the investment portfolio is not currently producing sufficient realized gains, income, or fair-value uplift to cover the company’s cost base. Continued negative earnings weaken shareholder returns and may constrain the capacity to support distributions over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero-debt balance sheet
A zero-debt structure limits interest expense and refinancing exposure, giving the VCT greater resilience when portfolio valuations or exits are weak. This conservative capitalization also preserves flexibility to manage investments without the added pressure of creditor obligations.
Read all positive factors
Puma Alpha VCT Plc (PUAL) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£29.84M
Dividend Yield3.51%
Average Volume (3M)0.00
Price to Earnings (P/E)―
Beta (1Y)0.08
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)-0.06
Shares Outstanding34,899,128
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio-0.12
Price to Book (P/B)0.94
Price to Sales (P/S)-9.17
P/FCF Ratio-1.40K
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
Puma Alpha VCT Plc Business Overview & Revenue Model
Company Description
Headquartered in London, United Kingdom, Puma Alpha VCT Plc was established on April 11, 2019. This entity functions as an investment firm, primarily focused on acquiring stakes in shares and various financial instruments. Notably, it is also stru...
How the Company Makes Money
Puma Alpha VCT Plc makes money primarily through investment returns generated by its portfolio rather than through sales of goods or services. Its key economic drivers typically include: (1) capital gains (or losses) realized when portfolio compan...
Puma Alpha VCT Plc Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
72
Positive
Cash Flow
30
Negative
| Breakdown | TTM | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -1.84M | -3.21M | -1.30M | -3.75M | -92.00K | 3.25M |
| Gross Profit | -1.84M | -3.21M | -1.30M | -3.75M | -535.00K | 2.45M |
| EBITDA | 0.00 | -3.72M | -1.77M | 0.00 | 0.00 | 3.03M |
| Net Income | -2.32M | -3.72M | -1.77M | -4.13M | -386.00K | 3.03M |
Balance Sheet | ||||||
| Total Assets | 30.48M | 32.07M | 34.06M | 28.71M | 24.28M | 17.86M |
| Cash, Cash Equivalents and Short-Term Investments | 8.09M | 976.00K | 992.00K | 6.18M | 3.91M | 1.98M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 210.00K | 738.00K | 3.38M | 1.05M | 181.00K | 654.00K |
| Stockholders Equity | 30.27M | 31.33M | 30.69M | 27.67M | 24.09M | 17.20M |
Cash Flow | ||||||
| Free Cash Flow | -478.00K | -21.00K | -2.09M | -802.00K | -1.24M | -494.00K |
| Operating Cash Flow | -478.00K | -21.00K | -2.09M | -802.00K | -1.24M | -494.00K |
| Investing Cash Flow | -3.05M | -4.36M | -3.53M | -8.99M | -4.11M | -3.73M |
| Financing Cash Flow | 172.00K | 2.73M | 6.18M | 8.10M | 7.28M | 4.14M |
Puma Alpha VCT Plc Peers Comparison
UnderperformOutperform
Sector (55)
GB:PUAL
Puma Alpha VCT Plc
85.50
-12.00
-12.31%
GB:KR1
KR1
19.00
-15.00
-44.12%
GB:TPV
Triple Point VCT 2011 PLC
88.50
3.49
4.10%
GB:PU13
Puma VCT 13 PLC
117.50
1.00
0.86%
GB:SBO
Schroder British Opportunities Trust Plc
62.25
-12.75
-17.00%
Puma Alpha VCT Plc Corporate Events
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Puma Alpha VCT Seeks LSE Block Listing for 5.56 Million New Shares
Positive
Aug 27, 2026
Puma Alpha VCT plc has applied to the London Stock Exchange for a block listing of 5,560,000 additional ordinary shares of £0.01 each, which will be admitted to trading on the LSE main market once the listing becomes effective on 2 September ...
Regulatory Filings and Compliance
Puma Alpha VCT Confirms Share Capital and Voting Rights Total
Neutral
Jul 31, 2026
Puma Alpha VCT plc has confirmed that as of 31 July 2026 its issued share capital stands at 34,899,129 Ordinary Shares, with no shares held in treasury. This means the total number of voting rights in the company is 34,899,129, a key figure for go...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Puma Alpha VCT Tightens Share Base with Buyback and Cancellation
Positive
Jul 29, 2026
Puma Alpha VCT plc has bought back and cancelled 1,231,462 ordinary shares at 83.84p each, reducing its issued share capital and tightening its free float. Following the transaction, the company’s issued share capital stands at 34,899,129 or...
Business Operations and StrategyShareholder Meetings
Puma Alpha VCT Shareholders Approve All AGM Resolutions
Positive
Jul 27, 2026
Puma Alpha VCT plc, a UK venture capital trust managed by Puma Investments, offers investors exposure to growth-oriented smaller companies under the tax-efficient VCT regime, positioning itself as a specialist vehicle in the UK private company inv...
Business Operations and StrategyPrivate Placements and Financing
Puma Alpha VCT backs Mothership Drinks with £500,000 investment
Positive
Jul 21, 2026
Puma Alpha VCT Plc has made a £500,000 investment in Mothership Drinks Ltd as part of the drinks company’s latest funding round, underscoring the trust’s strategy of backing growth-focused consumer brands. The capital injection is...
Private Placements and FinancingRegulatory Filings and Compliance
Puma Alpha VCT Issues Second Supplementary Prospectus for Ongoing Fundraise
Neutral
Jun 26, 2026
Puma Alpha VCT plc has issued a second supplementary prospectus in connection with its ongoing offer for subscription, which seeks to raise up to £20 million with an additional over-allotment facility of £10 million. The new document bui...
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.