The Discounted Cash Flow (DCF) valuation of International Biotechnology Trust PLC (IBT.L) is 420.13 GBP. With the latest stock price at 584.00 GBP, the upside of International Biotechnology Trust PLC based on DCF is -28.1%.

Is IBT.L a buy or a sell?

Based on the latest price of 584.00 GBP and our DCF valuation, International Biotechnology Trust PLC (IBT.L) is a sell. Selling IBT.L stocks now will result in a potential gain of 28.1%.

	Range	Selected
WACC / Discount Rate	8.6% - 11.0%	9.8%
Long-term Growth Rate	1.0% - 3.0%	2.0%
Fair Price	320.87 - 596.64	420.13
Upside	-45.1% - 2.2%	-28.1%

584.00 GBP

Stock Price

420.13 GBP

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

IBT.L DCF Valuation: Revenue & Expenses Forecast

(GBP in millions)		Projections

	08-2024	08-2025	08-2026	08-2027	08-2028	08-2029

Revenue	45	15	15	16	16	17
% Growth	269%	-66%	2%	3%	4%	2%

Cost of goods sold	(4)	(1)	(2)	(2)	(2)	(2)
% of Revenue	10%	10%	10%	10%	10%	10%

Selling, G&A expenses	(1)	(0)	(0)	(0)	(0)	(0)
% of Revenue	3%	3%	3%	3%	3%	3%

Research & Development	0	0	0	0	0	0
% of Revenue	0%	0%	0%	0%	0%	0%

Net interest & other expenses	0	0	0	0	0	0
% of Revenue	0%	0%	0%	0%	0%	0%

Tax expense	(0)	(0)	(0)	(0)	(0)	(0)
Tax rate	0%	1%	1%	1%	1%	1%

Net profit	39	13	13	14	14	15
% Margin	87%	87%	87%	87%	87%	87%