Stock fact sheet · data as of
Leverage Shares 2x Long CAT Daily ETF (CATG): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · Speculative / Distressed
Is CATG undervalued?
At 8.36 (close of 16 Oct 2026), CATG trades within a few percent of the GLS average fair value of 8.22 (1.7% above fair value). 1 models produced a value and they split 0 above the price to 1 below. A stock priced at fair value earns about half of the Wheel Score's Value points; the rest of the score comes from health, moat, premium and stability.
The average is built from just 1 models (DCF) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
The nightly engine files CATG under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for CATG
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 8.22 | -2% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | 0.0755 | -99% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Leverage Shares 2x Long CAT Daily ETF scores only 2 of 9 on the Piotroski F-score, which fails the Sunday Scan's "6 or more" rule. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 2.3/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC -391.4%, ROE 0.0%, ROA -273.6% - with debt at 0.00 times equity and negative free cash flow.
Leverage Shares 2x Long CAT Daily ETF pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 2 / 9 | ROIC | -391.4% |
|---|---|---|---|
| GLS Moat | 2.3 / 10 | ROE | 0.0% |
| Debt / equity | 0.00 | ROA | -273.6% |
| Free-cash-flow yield | -5.7% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 35: Weak
With a Wheel Score of 35 Leverage Shares 2x Long CAT Daily ETF sits in the Weak band. The parts - Value 12/25, Health 4/20, Moat 3/15, Premium 9/20, Stability 6/20 - show where: Health (4/20) scores lowest.
Implied volatility is 103% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (9 of 20) because volatility this high usually comes with a reason. Chain open interest is thin - 635 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 72k shares a day on a market cap of $46M, with a beta of -2.25 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 12 / 25 | -2% margin of safety | |
| Health | 4 / 20 | Piotroski 2/9 | |
| Moat | 3 / 15 | moat 2.3/10 | |
| Premium | 9 / 20 | implied volatility 103% | |
| Stability | 6 / 20 | 72k shares/day, $46M cap, beta -2.25 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for CATG in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management
The 12 companies below are the closest to Leverage Shares 2x Long CAT Daily ETF by market cap within the Asset Management industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| CCIF Carlyle Credit Income Fund | 2.15 | 10.67 | +80% | 39No options | $46M |
| RPXFX RiverParks Large Growth Fund Retail Shares | 29.16 | 39.27 | +26% | 38No options | $47M |
| BFONX Biondo Focus Fund | 22.03 | 38.05 | +42% | 39No options | $47M |
| MYIFX Monetta Young Investor Growth Fund | 20.72 | 99.77 | +79% | 39No options | $44M |
| ARRFX AMG River Road Focused Absolute Value Fund - Class N | 12.57 | 167.62 | +93% | 39No options | $43M |
| HSSIX Emerald Finance & Banking Innovation;Ins | 33.05 | 7.17 | -361% | 21No options | $42M |
| IICAX AMF Large Cap Equity Fund | 12.54 | 108.56 | +88% | 39No options | $52M |
| LZFOX Lazard Equity Franchise Portfolio Open Shares | 7.63 | 32.69 | +77% | 39No options | $40M |
| JLGAX JAG Large Cap Growth Fund | 19.39 | 111.66 | +83% | 39No options | $40M |
| OFSSH OFS Capital Corporation 4.95% Notes due 2028 | 23.77 | 53.18 | +55% | 39No options | $53M |
| GRF Eagle Capital Growth Fund, Inc. | 9.88 | 29.71 | +67% | 39No options | $39M |
| RSRFX Reaves Infrastructure Fund Class Inst | 11.35 | 26.58 | +57% | 39No options | $39M |
⚖ Compare CATG with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about CATG
Is CATG undervalued right now?
Not meaningfully: at 8.36 the stock trades within a few percent of the GLS average fair value of 8.22 (1.7% above fair value, data as of 16 Oct 2026).
What is the Wheel Score of CATG and what does it mean?
CATG scores 35 out of 100 (Weak). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for CATG?
8.22 per share as of 16 Oct 2026 - the simple average of the 1 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Leverage Shares 2x Long CAT Daily ETF report earnings next?
No upcoming earnings date is recorded for CATG in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does CATG have listed options, and how liquid are they?
Yes. The nightly snapshot found 184 listed contracts with 635 open interest across all expiries and implied volatility of 103% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.