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.
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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.
Molten Ventures plc is a leading British publicly listed venture capital firm focused on high-growth technology companies with global ambitions. Formerly known as Draper Esprit, it invests across transformative sectors including AI, deeptech, fintech, spacetech, cloud and enterprise SaaS, digital health and wellness, and consumer technology, primarily in the UK and Europe. Notable portfolio companies include Revolut, Graphcore, Trustpilot, Crowdcube, Freetrade, ICEYE, Ledger, and Manna, spanning innovative startups and scale-ups that drive disruption in their industries. The firm provides seed and Series A funding, larger Series B+ investments for scaling, and secondary transactions, often taking active board positions in unquoted equity investments to support creation, incubation, and development. Molten Ventures plc emphasizes responsible investment incorporating ESG factors aligned with UN Sustainable Development Goals and Principles for Responsible Investment. With offices in London, Cambridge, and Dublin, it plays a pivotal role in Europe's vibrant tech ecosystem as a FTSE 250 constituent, enabling capital growth through diversified exposure to knowledge-intensive businesses.
£5.92
+£0.10 (+1.72%)
EOD Jul 3, 2026
Revenue grew 366.9%, still solid. Free cash flow declined 69% despite revenue growth, conversion is weakening.
Free cash flow declined 69% versus the prior year, cash generation momentum has weakened. Net debt of £79M represents 7.7x FCF, leverage limits flexibility.
8.6x earnings, 100.1x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
£148M
▲ +366.9% YoY
Net Income (TTM)
£120M
▲ +15137.5% YoY
Op. Margin
—
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
£10M
▼ -69.3% YoY
Op. Cash Flow (TTM)
£119M
▲ +251.0% YoY
Net Debt
£79M
Cash & Equiv.
£52M
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At a P/E of 8.6 and a price-to-free-cash-flow of 100.1, Molten Ventures (GROW.XLON) trades above a two-stage DCF intrinsic value of about £0.57 per share, so at £5.92 the stock looks overvalued (90.4% above 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, Molten Ventures scores 16/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. 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 £0.57 per share for GROW.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 £0.43. At today's £5.92, that puts the stock about 90.4% above 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.
Molten Ventures scores 16 out of 100 on Intrinsiqq's quality score, a weighted blend of 5 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. 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.
That depends on valuation and quality together, not either alone. GROW.XLON currently trades above its estimated intrinsic value and scores 16/100 on quality (lower-quality). 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.