Stock fact sheet · data as of
Netcapital Inc. (NCPL): fair value, margin of safety and Wheel Score
Financial Services · Financial - Capital Markets · United States · Speculative / Distressed
Is NCPL undervalued?
At 1.98 (close of 16 Oct 2026), NCPL has no GLS fair value: every one of the nine models needs a positive input (the company lost money over the last twelve months, EPS -5.01, it pays no dividend and its debts exceed what its assets would fetch), so the margin of safety is blank and the Wheel Score cannot be computed. Our screens leave the stock out at the first rule. What can be said from the nightly row is below.
The nightly engine files NCPL 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 NCPL
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 | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| 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) | -0.7131 | -136% | 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
Netcapital Inc. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 0.9/10 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 -160.9%, ROE -189.9%, ROA -135.4% - with debt at 0.18 times equity and negative free cash flow.
Netcapital Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Fees From Online Services 100% (quarter Q3 FY2026).
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | -160.9% |
|---|---|---|---|
| GLS Moat | 0.9 / 10 | ROE | -189.9% |
| Debt / equity | 0.18 | ROA | -135.4% |
| Free-cash-flow yield | -54.0% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 38: No options
No options are listed on Netcapital Inc. in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 38) and the stock is left out of every options screen; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 45.7M shares a day on a market cap of $16M, with a beta of 1.62 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 13 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 13 / 25 | 0% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 1 / 15 | moat 0.9/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 13 / 20 | 45.7M shares/day, $16M cap, beta 1.62 |
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
The next earnings report is due on 21 Dec 2026, 66 days away - outside the window of a 30-45-day put sold today.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Financial - Capital Markets
The 12 companies below are the closest to Netcapital Inc. by market cap within the Financial - Capital Markets 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 |
|---|---|---|---|---|---|
| GSIW Garden Stage Limited | 10.80 | - | - | 27No options | $15M |
| MDBH MDB Capital Holdings, LLC Class A common | 1.75 | 1.03 | -70% | 18No options | $18M |
| ATCH AtlasClear Holdings, Inc. | 0.1771 | 0.1068 | -66% | 30No options | $27M |
| FLD Fold Holdings, Inc. | 0.5231 | 0.0883 | -493% | 19Weak | $29M |
| PLUT Plutus Financial Group Limited | 1.98 | 0.3584 | -452% | 10No options | $30M |
| GRAN Grande Group Limited Class A Ordinary Shares | 1.28 | 0.0357 | -3485% | 18No options | $32M |
| COHN Cohen & Company Inc. | 10.76 | 141.88 | +92% | 39No options | $35M |
| MEGL Magic Empire Global Limited | 0.7300 | 2.76 | +74% | 37No options | $6M |
| CFOR CapForce Inc. | 4.04 | 102.05 | +96% | 39No options | $42M |
| ITEX ITEX Corporation | 3.38 | 7.33 | +54% | 39No options | $6M |
| HGBL Heritage Global Inc. | 1.25 | 8.56 | +85% | 39No options | $43M |
| DOMH Dominari Holdings Inc. | 2.04 | 11.20 | +82% | 42Weak | $49M |
⚖ Compare NCPL with 7 of them All Financial Services stocks →
Screen the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the same eight-rule screen, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about NCPL
Is NCPL undervalued right now?
The GLS models could not value NCPL (the company lost money over the last twelve months, EPS -5.01, it pays no dividend and its debts exceed what its assets would fetch), so there is no fair value or margin of safety to compare the price of 1.98 against.
What is the Wheel Score of NCPL and what does it mean?
NCPL has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for NCPL?
None of the nine GLS models produced a positive value for NCPL (the company lost money over the last twelve months, EPS -5.01, it pays no dividend and its debts exceed what its assets would fetch), so there is no GLS fair value tonight.
When does Netcapital Inc. report earnings next?
The next earnings report is due on 21 Dec 2026, 66 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does NCPL have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on NCPL, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.