Blackfinch Spring VCT (LSE:BFSP) Net Margin %: 112.89% (As of Dec. 2025) — 31% Above Median

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LSE:BFSP Blackfinch Spring VCT PLC LSE:BFSP
33 GF Score
Price £0.82
GF Value £0.42
Valuation Significantly Overvalued
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What is Blackfinch Spring VCT Net Margin %?

Blackfinch Spring VCT LSE:BFSP 33 Net Margin % is 112.89% as of Dec. 2025, which is 31% above its 10-year median of 85.86. GuruFocus rates LSE:BFSP with a GF Score™ of 33/100 and a GF Value™ of £0.42 (Significantly Overvalued). Among 1,569 Asset Management companies, Blackfinch Spring VCT ranks better than 89.17% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Blackfinch Spring VCT's Net Income for the six months ended in Dec. 2025 was £-2.51 Mil. Blackfinch Spring VCT's Revenue for the six months ended in Dec. 2025 was £-2.23 Mil. Therefore, Blackfinch Spring VCT's net margin for the quarter that ended in Dec. 2025 was 112.89%.

The historical rank and industry rank for Blackfinch Spring VCT's Net Margin % or its related term are showing as below:

LSE:BFSP' s Net Margin % Range Over the Past 10 Years
Min: -2963.64   Med: 85.86   Max: 117.65
Current: 117.65


LSE:BFSP's Net Margin % is ranked better than
89.17% of 1569 companies
in the Asset Management industry
Industry Median: 85.27 vs LSE:BFSP: 117.65

Blackfinch Spring VCT  (LSE:BFSP) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Blackfinch Spring VCT Net Margin % Related Terms


Blackfinch Spring VCT Net Margin % Historical Data

* Premium members only.

The historical data trend for Blackfinch Spring VCT's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Blackfinch Spring VCT Net Margin % Chart

Blackfinch Spring VCT Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial 24.81 -2,963.64 93.41 85.86 117.65

Blackfinch Spring VCT Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 99.86 82.49 88.56 128.78 112.89

LSE:BFSP vs BLK, BX, KKR: Net Margin % Comparison

For the Asset Management subindustry, Blackfinch Spring VCT's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Blackfinch Spring VCT Net Margin % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Blackfinch Spring VCT's Net Margin % distribution charts can be found below:

* The bar in red indicates where Blackfinch Spring VCT's Net Margin % falls into.


LSE:BFSP
33GF Score
Blackfinch Spring VCT PLC LSE:BFSP
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Blackfinch Spring VCT Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Blackfinch Spring VCT's Net Margin for the fiscal year that ended in Dec. 2025 is calculated as

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-3.74/-3.179
=117.65 %

Blackfinch Spring VCT's Net Margin for the quarter that ended in Dec. 2025 is calculated as

Net Margin=Net Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-2.514/-2.227
=112.89 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of 112.89% mean?
Blackfinch Spring VCT (LSE:BFSP) has a Net Margin % of 112.89% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Blackfinch Spring VCT and its competitors. This is 31% above median its historical median of 85.86. According to the industry distribution chart, Blackfinch Spring VCT ranks #170 out of 1569 companies in the Asset Management industry, placing it in the top 10.8%.
Is Blackfinch Spring VCT's Net Margin % too high?
Blackfinch Spring VCT's current Net Margin % of 112.89% is 31% above median its 10-year median of 85.86. The Asset Management industry median Net Margin % is 85.27. Blackfinch Spring VCT's value of 112.89% is 32.4% above this industry median. Based on the distribution chart, Blackfinch Spring VCT ranks #170 out of 1569 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Blackfinch Spring VCT has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Blackfinch Spring VCT's Net Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Blackfinch Spring VCT ranks #170 out of 1569 companies for Net Margin %. This places Blackfinch Spring VCT in the top 11% of its industry — outperforming the majority of peers. The industry median Net Margin % is 85.27. Blackfinch Spring VCT's value of 112.89% is 32.4% above this benchmark. While the company's 10-year median is 85.86 vs. the industry median of 85.27, Blackfinch Spring VCT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Asset Management company?
The median Net Margin % among Asset Management companies is 85.27, based on 1,569 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Blackfinch Spring VCT's current Net Margin % of 112.89% is 32.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Blackfinch Spring VCT and its competitors. For the Asset Management industry, the median Net Margin % is 85.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blackfinch Spring VCT's current Net Margin % is 112.89%, which is 31% above median its own 10-year median of 85.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackfinch Spring VCT stock overvalued right now?
Based on GuruFocus' analysis, Blackfinch Spring VCT (LSE:BFSP) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.42, compared to a current price of £0.82 — trading 94% above its estimated fair value. The current Net Margin % is 112.89%, which is 31% above median its 10-year median of 85.86 and 32.4% above the Asset Management industry median of 85.27. Blackfinch Spring VCT's overall GF Score™ is 33/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Blackfinch Spring VCT (LSE:BFSP), the current Net Margin % is 112.89% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Blackfinch Spring VCT (LSE:BFSP) Overvalued in 2026?

Based on GuruFocus' analysis, Blackfinch Spring VCT stock appears to be overvalued. The current stock price of £0.82 is trading 94% above its estimated GF Value™ of £0.42. GuruFocus considers Blackfinch Spring VCT to be Significantly Overvalued.

Key valuation signals for LSE:BFSP:

  • Net Margin %: 112.89% (31% above median its 10-year median of 85.86)
  • GF Value™: £0.42 vs. price of £0.82 (94% above fair value)
  • GF Score™: 33/100
  • Industry Position: 32.4% above the Asset Management median (#170 of 1569)

No single metric tells the full story. See the LSE:BFSP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Blackfinch Spring VCT Business Description

Address Meadow Barn, Elkstone Studios, Elkstone Studios, Cheltenham, GBR, GL53 9PQ
Blackfinch Spring VCT PLC is an investment management company. Its objective is to invest in growth-stage technology-enabled companies that are on their scale-up journey. The Company is engaged in a single segment of business, being the investment business.
33GF Score

Get the complete analysis for LSE:BFSP

Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£0.82
Price
£0.42
GF Value