# Duke Royalty Limited (DUKE.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services / Capital Markets. Price 27p, market value 134 millionp.

## Valuation
- **P/E (trailing): 13.3×** (5-yr avg 1968.4×, 3-yr avg 2848.5×). Duke Royalty Limited trades at 13.3× trailing earnings, well below its own five-year average of 1968.4×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 9.5×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.03**. A PEG of 0.03 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 3.1×**. Each dollar of revenue is priced at 3.1×.
- **Price / book: 0.8×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 4.9×**. Enterprise value is 4.9× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 20.6%** (5-yr avg 0.2%). Free cash flow equals 20.6% of the market value, above its five-year average of 0.2%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 7.5%**. The inverse of the P/E: 7.5% of the price is earned each year.

## Profitability
- **Gross margin: 79.7%**. Duke Royalty Limited keeps 79.7% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 71.9%**. 71.9% of revenue is left after running the business, an exceptional level.
- **Net margin: 38.4%**. 38.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 6.3%**. 6.3% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 16.1%**. Return on all capital, debt included, is 16.1%: comfortably above what that capital costs.
- **Return on assets: 4.7%**. Each dollar of assets produces 4.7% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 90.8%** (3-yr 9.4%/yr, 5-yr 19.5%/yr). Revenue grew 90.8% over the last year, against 19.5% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 380.0%** (3-yr -24.0%/yr, 5-yr -17.8%/yr). Earnings per share rose 380.0%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -100.0%/yr**. Free cash flow has compounded at -100.0% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.
- **Cash and short-term investments: 79 millionp**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 10.47%** (0p per share, trailing). Duke Royalty Limited yields 10.47%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 128%** (95% of free cash flow). The dividend exceeds earnings (128% payout), though free cash flow still covers it.
- **Consecutive years of increases: 5**. 5 straight years of increases.
- **Dividend growth (5 yr): 18.1%/yr** (1-yr 0.0%). The dividend has compounded at 18.1% a year over five years, doubling roughly every 4 years at that pace.
- **Shareholder yield: -6.0%**. Dividends plus net buybacks return -6.0% of the market value a year.

## Price and momentum
- **Total return (1 yr): -8.3%** (YTD -1.6%, 3-mo 3.2%). The shares are down 8.3% over twelve months including dividends.
- **From 52-week high: -12.9%** (6.3% above the low). Trading 13% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 39**. An RSI of 39 is neutral.
- **Beta (1 yr): 0.21** (volatility 20%). Beta of 0.21 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=DUKE.L · Page: https://foliofundamentals.com/stocks/duke.l

Not investment advice.