# ProVen Growth and Income VCT (PGOO.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 45p, market value 149 millionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). ProVen Growth and Income VCT reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 75.1×**. Each dollar of revenue is priced at 75.1×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 1.0×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: -3.0%** (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.

## Profitability
- **Gross margin: 100.0%**. ProVen Growth and Income VCT keeps 100.0% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: -307.0%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -72.8%**. The company reported a net loss over the last twelve months.
- **Return on equity: -0.2%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -4.8%**. Return on all capital, debt included, is -4.8%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -4.0%**. Each dollar of assets produces -4.0% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 108.5%** (5-yr 35.5%/yr). Revenue grew 108.5% over the last year, against 35.5% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 94.7%**. Earnings per share rose 94.7%, slower than revenue, so margins compressed.

## Financial health
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.
- **Cash and short-term investments: 27 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**. ProVen Growth and Income VCT does not currently pay a dividend, but it returned 12.0% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): 9348.5%** (YTD -5.9%, 3-mo 9637.9%). The shares are up 9348.5% over twelve months including dividends.
- **From 52-week high: -5.8%** (9922.1% above the low). Trading 6% 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): 64**. An RSI of 64 is neutral.

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

Not investment advice.