Stock fact sheet · data as of
Leverage Shares 2x Long CAT Daily ETF (CATG): fair value, margin of safety and Wheel Score
Ticker symbol CATG · Financial Services · Asset Management · United States · Fund / Note
Is CATG undervalued?
At 5.27 (close of 5 Nov 2026), CATG trades 40% below the GLS average fair value of 8.73. That average comes from 1 models run on the latest filings, and 1 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Leverage Shares 2x Long CAT Daily ETF the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
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.
CATG looks like a fund, note or preferred share rather than an operating company, so the nightly engine files it under Fund / Note: the valuation models are not built for it, and its Wheel Score is capped at 45.
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 | 8.73 | +66% | 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 "Piotroski 6 or more" Wheel Trade Filter. 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. There is no GLS Moat score for CATG: funds, notes and second share lines get none, and so does a company with fewer than two years of accounts on file. The Moat part of the Wheel Score is zero.
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 | - / 10 | ROE | 0.0% |
| Debt / equity | 0.00 | ROA | -273.6% |
| Free-cash-flow yield | -9.1% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 29: Weak
With a Wheel Score of 29 Leverage Shares 2x Long CAT Daily ETF sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (149 open interest, 103 a day); and filter 2, a real business, not a gamble - a fund or note, not a company; and filter 4, financially healthy - Piotroski 2/9 (under 6); and filter 7, a premium worth selling - implied volatility 93% (over 80%); and filter 8, big enough - market cap $29M (under $1.0B); Moat (weak) is its weakest part.
Implied volatility is 93%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. Chain open interest is thin - 149 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 444k shares a day on a market cap of $29M, 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 rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (149 open interest, 103 a day) |
| 2 | A real business, not a gamble | Fails | a fund or note, not a company |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 2/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | implied volatility 93% (over 80%) |
| 8 | Big enough | Fails | market cap $29M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 40% below fair value | |
| Premium | Fair | implied volatility 93% | |
| Moat | Weak | no moat score | |
| Health | Weak | Piotroski 2/9 | |
| Red Flags | Good | Red Flags score 80/100 | |
| Option trading | Weak | 103 contracts a day, 149 open interest | |
| Stability | Fair | beta -2.25, $29M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it 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 |
|---|---|---|---|---|---|
| RAND Rand Capital Corp | 9.90 | 18.03 | +45% | 28No options | $29M |
| BMNM Bimini Capital Management, Inc. | 2.96 | 198.93 | +99% | 32No options | $30M |
| TETAA Alpha G Investment Management, Inc. | 17.15 | 10.63 | -61% | 19No options | $28M |
| HERZ Herzfeld Credit Income Fund, Inc. | 13.64 | 46.24 | +70% | 24No options | $28M |
| BXLC Bexil Corporation | 60.00 | 323.16 | +81% | 32No options | $31M |
| CCOM Simplify Chinese Commodities Strategy No K-1 ETF | 24.23 | 2.29 | -959% | 12No options | $27M |
| CPST Calamos S&P 500 Structured Alt Protection ETF - September | 28.24 | - | - | 8No options | $32M |
| AFALX Applied Finance Dividend Fund Investor Class | 14.79 | 241.67 | +94% | 25No options | $33M |
| TAX EA Series Trust - Cambria Tax Aware ETF | 30.95 | 9.81 | -216% | 11No options | $25M |
| GROW U.S. Global Investors, Inc. | 2.69 | 2.33 | -16% | 21Weak | $33M |
| SIFI Harbor Ares Systematic Multi-Sector Income ETF | 42.39 | 77.08 | +45% | 25No options | $33M |
| TRLC TriLinc Global Impact Fund, LLC | 0.6250 | 2.46 | +75% | 24No options | $25M |
⚖ 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?
By the GLS models, yes: at 5.27 the stock is 40% below the average fair value of 8.73 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of CATG and what does it mean?
CATG scores 29 out of 100 (Weak) - it fails Wheel Trade Filters 1, 2, 4, 7, 8. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for CATG?
8.73 per share as of 5 Nov 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 5 Nov 2026; the Calendars page is refreshed every morning.
Does CATG have listed options, and how liquid are they?
Yes. The nightly snapshot found 20 listed contracts with 149 open interest across all expiries and implied volatility of 93% 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.