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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#4593
Positioning
Market Dominance
Finance, Insurance, And Real Estate
Banking
$11M
Cecilia L. PhD
Netcapital Inc. operates as a fintech company. It helps companies at various stages to build, grow, and fund businesses with a range of services from strategic advice to raising capital. The company also operates netcapital.com, an online private investment platform that connects entrepreneurs and investors, enabling companies to raise capital digitally. Its Netcapital.com provides investor access to pre-IPO investment opportunities, as well as potential liquidity in privately held shares via a secondary transfer platform. The company also offers advisory services in a range of verticals, including biotechnology, technology, and public policy. In addition, it acts as an incubator and accelerator, taking equity stakes in various disruptive start-ups. Netcapital Inc. is based in Boston, Massachusetts.
Headcount
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| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$SII SPROTT INC. | 75 | 91 | 87 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PUK PRUDENTIAL PLC | 73 | 88 | 97 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$NMR NOMURA HOLDINGS INC | 72 | 81 | 92 | 87 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PSLV Sprott Physical Silver Trust | 69 | 82 | 80 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$UFCS UNITED FIRE GROUP INC | 68 | 81 | 93 | 76 | 5.0x | 3.5x | 13.2% | 4.1% | 99.9% | 14.7% | 11.1% | 9.2% | 2.1% | 16.0x | $775M | VS | |
$SLF SUN LIFE FINANCIAL INC | 68 | 83 | 95 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CBOE Cboe Global Markets, Inc. | 68 | 75 | 63 | 77 | 21.3x | 15.7x | 24.0% | 13.7% | 41.7% | 32.4% | 26.4% | 8.2% | 1.1% | 30.0x | $25.7B | VS | |
$VTMX Vesta Real Estate Corporation, S.A.B. de C.V. | 67 | 69 | 77 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PHYS Sprott Physical Gold Trust | 67 | 64 | 82 | 91 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$GLDM World Gold Trust | 66 | 54 | 85 | 92 | 11.3x | 11.3x | - | 20.9% | 100.0% | 97.1% | 554.8% | -19.0% | 0.0% | - | $32.0B | VS | |
$NCPL Netcapital Inc. | 29 | 29 | 28 | 2 | - | - | -51.3% | -43.2% | 94.0% | -2068.8% | -2339.2% | -64.1% | 0.0% | 2.0x | $11M | ||
| SECTOR BENCH | - | - | - | - | - | 11.9x | 7.8x | 9.0% | 1.3% | 77.7% | 18.1% | 21.9% | 10.7% | 2.0% | 0.5x | - | REF |
Netcapital Inc. (NCPL) receives a "Avoid" rating with a composite score of 28.9/100. It ranks #4593 out of 7,333 stocks in our coverage universe and carries a 1-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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HQ Base
Pending Verification
Lagging peers — losers tend to keep underperforming
Expensive relative to fundamentals — limited margin of safety
Weak fundamentals — higher risk of value trap
High volatility — wider range of outcomes increases timing risk
Moderate investment profile
Below-average composite — caution warranted
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Relative valuation derived from Finance, Insurance, And Real Estate sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
No analyst ratings for NCPL.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 29 | 28 | +1NEUTRAL |
| MOMENTUM | 2 | 1 | +1NEUTRAL |
| VALUATION | 28 | 20 | +8ALPHA |
| INVESTMENT | 36 | 64 | -28DRAG |
| STABILITY | 10 | 5 | +5NEUTRAL |
| SHORT INT | 87 | 98 | -11DRAG |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROE proxy -51.3% (sector 9.0%)
GM 94% vs sector 78%, OM -2069% vs sector 18%
Capital turnover N/A
Rev growth -64%, 11yr history
Interest coverage N/A
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate Netcapital Inc. (NCPL) as Avoid with a composite score of 28.9/100 at a current price of $0.54. The stock falls in the bottom quintile, and the multi-factor weakness suggests a high probability of continued underperformance.
Netcapital Inc. holds a top-quartile position (#0 of 50) within the Finance, Insurance, And Real Estate sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 28.9/100 places it at rank #4593 in our full universe.
No Moat
High
Poor
Fair Value
Gross margins of 94% signal strong pricing power.
Stable competitive position in a defensive sector.
Weak momentum suggests persistent institutional selling pressure.
Below-average quality raises earnings sustainability concerns.
Vulnerability to macroeconomic shocks and interest rate volatility.
Netcapital Inc. represents a avoid based on multi-factor quantitative performance.
Our quantitative model flags Netcapital Inc. with an Avoid rating, assigning a composite score of 28.9/100 and 1 out of 5 stars. Ranked #4593 of 7,333 stocks, NCPL falls in the bottom tier across key factors. Historically, stocks with this profile have faced elevated risk of underperformance and capital loss.
NCPL's quality score of 29/100 is below average, suggesting challenges with profitability or capital efficiency. The company reports a return on equity of -51.3% (sector avg: 9.0%), gross margins of 94.0% (sector avg: 77.7%), net margins of -2339.2% (sector avg: 21.9%). Investors should examine whether management is actively addressing these weaknesses or if they reflect structural industry headwinds.
NCPL registers a value score of just 28/100, suggesting the stock trades at a significant premium to its fundamental metrics. Key valuation metrics include a P/B ratio of 0.21x. High-premium valuations like this require strong future execution to avoid multiple compression, and downside risk is elevated if growth disappoints.
Netcapital Inc.'s investment score of 36/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of -64.1% vs. a sector average of 10.7% and a return on assets of -43.2% (sector: 1.3%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
Netcapital Inc. is experiencing notably weak momentum with a score of just 2/100. The stock has underperformed its peers and is trending below major moving averages. Revenue growth stands at -64.1% year-over-year, while a beta of 0.96 reflects its sensitivity to broader market moves. While deep momentum weakness can occasionally present value opportunities, it often reflects deteriorating fundamentals or structural headwinds that may persist.
Netcapital Inc. registers a low stability score of 10/100, indicating high volatility and potentially stressed financial conditions. Key stability metrics include a beta of 0.96 and a debt-to-equity ratio of 2.00x (sector avg: 0.5x). Stocks at this level carry elevated capital loss risk and may be unsuitable for conservative portfolios without careful risk management.
NCPL's short interest factor score of 87/100 indicates very low short selling activity relative to peers — a positive signal suggesting institutional investors see limited near-term downside. Specific risk factors include micro-cap liquidity risk. As a micro-cap company with a market capitalization of $11M, Netcapital Inc. benefits from the generally lower volatility and deeper liquidity associated with its size class.
Netcapital Inc. is a micro-cap company in the Finance, Insurance, And Real Estate sector, ranked #0 of 50 in its sector (100th percentile) and #4593 of 7,333 overall (37th percentile). Key comparisons include ROE of -51.3% trailing the 9.0% sector median and operating margins of -2068.8% below the 18.1% sector average. This top-quartile standing reflects exceptional competitive strength relative to Finance, Insurance, And Real Estate peers.
While NCPL currently exhibits a AVOID profile, superior opportunities exist within the FINANCE, INSURANCE, AND REAL ESTATE sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Finance, Insurance, And Real Estate Alpha →Quant Factor Profile
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Improvement in Momentum (2) would have the largest impact on the composite score.
ROE 670% BELOW SECTOR MEDIAN
Gross Margin 21% ABOVE SECTOR MEDIAN (FAVORABLE)
Op. Margin 11505% BELOW SECTOR MEDIAN
Above 50MA
37.18%
Net New Highs
+51081
Netcapital reported Q2 2026 revenues of $51,000, down 70% year-over-year, with a $2.1 million operating loss. The company is undergoing a strategic pivot away from its consorting-for-equity model toward tokenized assets and blockchain integration, leveraging its newly licensed broker-dealer. Management acquired Rivetz (a defunct 2021 company) for 20% equity dilution to gain tokenized asset technology, with expectations for broker-dealer revenue in the next quarter. The company maintains 21 employees and $1.7 million in cash.
Netcapital reported a sharp 92% revenue decline to $170,528 in Q2 fiscal 2025, driven by the cessation of equity-based consulting revenue. The company swung to a net loss of $2.2 million from prior year profitability. However, management secured FINRA approval for its broker-dealer subsidiary in November 2024, positioning the company to pursue expanded private placement and syndication activities under Reg A and Reg D. The anticipated Templum ATS secondary trading launch remains delayed due to unresolved regulatory framework issues with no official timeline provided.
Tellurian Inc. shares rose sharply after Woodside Energy announced plans to acquire the company for $900 million. Several other stocks also saw significant pre-market movement, both positive and negative.