Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
/
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
City of London Investment Group PLC is a United Kingdom-based asset management company specializing in closed-end funds. It operates through two wholly-owned subsidiaries: City of London Investment Management Company Limited (CLIM), which manages strategies in emerging markets, international equities, opportunistic value, and frontier markets primarily for institutional clients; and Karpus Investment Management (KIM), which delivers closed-end fund strategies across equities, fixed income, and other asset classes to wealth management clients in the United States. Founded with CLIM's inception in 1991 and KIM's in 1986, the group merged the subsidiaries in 2020 and listed publicly in 2006. It leverages proprietary technology and expertise to exploit market inefficiencies in underfollowed closed-end funds, providing discounted exposure to global markets, credit, infrastructure, and property. As of late 2024, funds under management stood at $9.9 billion, reflecting steady growth from $3.9 billion a decade earlier amid market volatility. The firm emphasizes long-term performance, with investment teams delivering strong absolute and relative returns across strategies. City of London Investment Group PLC plays a key role in the asset management sector by offering specialized solutions to institutional and retail investors seeking capital preservation and growth through overlooked opportunities in closed-end structures.
£4.58
+£0.03 (+0.66%)
EOD Jul 3, 2026
33.03% operating margin is above average. ROIC at 11.41%.
Revenue grew 5.2%, steady but not accelerating.
Even for strong businesses, today's 16x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
15.5x earnings, 12.0x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$73M
▲ +5.2% YoY
Net Income (TTM)
$20M
▲ +15.0% YoY
Op. Margin
33.03%
▲ +3.5pp YoY
ROIC
11.41%
▲ +0.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$25M
▲ +18.6% YoY
Op. Cash Flow (TTM)
$25M
▲ +10.8% YoY
Net Debt
-$27M
Net Cash Position
Cash & Equiv.
$35M
3Y CAGR: -0.6%
3Y CAGR: -5.8%
Continue Research
At a P/E of 15.5 and a price-to-free-cash-flow of 12.0, City of London Investment Group (CLIG.XLON) trades below a two-stage DCF intrinsic value of about $9.37 per share, so at $4.58 the stock looks undervalued (104.7% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, City of London Investment Group scores 39/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 7.0%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $9.37 per share for CLIG.XLON, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $7.03. At today's $4.58, that puts the stock about 104.7% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
City of London Investment Group scores 39 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 33.0% operating margin and a 11.4% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, City of London Investment Group pays a regular dividend of about $0.43 per share per year (typically in quarterly installments), a yield of roughly 7.0% at the current price. That is a payout ratio of about 106.3% of earnings, so the dividend is stretched at this level. City of London Investment Group has grown the dividend at roughly 11.6% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For CLIG.XLON's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. CLIG.XLON currently trades below its estimated intrinsic value and scores 39/100 on quality (lower-quality). It also yields about 7.0%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.