# Octopus Apollo VCT plc (OAP3.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 46p, market value 542 millionp.

## Valuation
- **P/E (trailing): 45.7×** (5-yr avg 1726.1×, 3-yr avg 2738.9×). Octopus Apollo VCT plc trades at 45.7× trailing earnings, well below its own five-year average of 1726.1×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 63.2×**. Each dollar of revenue is priced at 63.2×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 14.0×**. Enterprise value is 14.0× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: -4.2%** (5-yr avg -0.0%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 2.2%**. The inverse of the P/E: 2.2% of the price is earned each year.

## Profitability
- **Operating margin: 425.4%**. 425.4% of revenue is left after running the business, an exceptional level.
- **Net margin: 379.6%**. 379.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 2.3%**. 2.3% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 7.1%**. Return on all capital, debt included, is 7.1%.
- **Return on assets: 6.5%**. Each dollar of assets produces 6.5% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -38.5%** (3-yr -55.5%/yr, 5-yr -31.3%/yr). Revenue fell 38.5% over the last year, against -31.3% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -56.8%** (3-yr -41.5%/yr, 5-yr -28.5%/yr). Earnings per share fell 56.8%, slower than revenue, so margins compressed.

## Financial health
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: 25 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: none**. Octopus Apollo VCT plc does not currently pay a dividend, but it returned -28.3% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): -1.7%** (YTD -1.3%, 3-mo 0.0%). The shares are down 1.7% over twelve months including dividends.
- **From 52-week high: -7.1%** (9770.4% above the low). Trading 7% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 40**. An RSI of 40 is neutral.

Live score and charts: https://foliofundamentals.com/analyzer?s=OAP3.L · Page: https://foliofundamentals.com/stocks/oap3.l

Not investment advice.