Dolphin Capital Investors Ltd (GB:DCI)
LSE:DCI
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Dolphin Capital Investors
(LSE:DCI)
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Rating:47Neutral
Price Target:
4.50 p
▼(-7.02% Downside)
Action:ReiteratedDate:04/10/26
The score is held back primarily by weak and volatile profitability (recurring losses and declining 2025 revenue), despite improved 2025 cash generation and a stronger balance sheet with reduced debt. Technically, the stock remains in a downtrend (price below key moving averages with negative MACD), and valuation is difficult to support due to negative earnings and no dividend yield data.
Positive Factors
Declining debt, strong equity
Material reduction in gross debt alongside a sizable equity base materially improves financial flexibility for a development-heavy firm. Lower leverage reduces refinancing and interest burden risk, enabling the company to better fund project completions and absorb cyclical revenue swings over the medium term.
Negative Factors
Recurring losses and profit volatility
Large swings into recurring net losses demonstrate unstable operating performance and weak earnings quality. Persistent negative returns limit retained earnings, reduce management flexibility to reinvest, and make long-term planning harder for capital-intensive resort projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Declining debt, strong equity
Material reduction in gross debt alongside a sizable equity base materially improves financial flexibility for a development-heavy firm. Lower leverage reduces refinancing and interest burden risk, enabling the company to better fund project completions and absorb cyclical revenue swings over the medium term.
Read all positive factors
Dolphin Capital Investors (DCI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£39.80M
Dividend YieldN/A
Average Volume (3M)136.39K
Price to Earnings (P/E)―
Beta (1Y)0.07
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees18
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)N/A
Shares Outstanding904,626,830
10 Day Avg. Volume105,324
30 Day Avg. Volume136,390
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Dolphin Capital Investors Business Overview & Revenue Model
Company Description
DCI Advisors Ltd. is a real estate investment company, which engages in the construction and development of golf courses, beach resorts, and residential units in islands. The company was founded by Miltos Kambourides on June 7, 2005 and is headqua...
How the Company Makes Money
null...
Dolphin Capital Investors Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
63
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.65M | -12.81M | 13.40M | -7.27M | -19.38M |
| Gross Profit | 93.19K | -12.81M | 13.40M | -7.27M | -19.38M |
| EBITDA | -2.84M | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | -1.69M | -18.32M | 3.48M | -6.92M | -21.34M |
Balance Sheet | |||||
| Total Assets | 164.32M | 186.53M | 180.79M | 172.69M | 189.09M |
| Cash, Cash Equivalents and Short-Term Investments | 1.20M | 82.00K | 1.01M | 2.23M | 4.58M |
| Total Debt | 17.01M | 27.36M | 10.46M | 8.05M | 20.81M |
| Total Liabilities | 65.71M | 74.53M | 62.72M | 52.14M | 61.06M |
| Stockholders Equity | 95.03M | 108.13M | 115.52M | 112.11M | 119.09M |
Cash Flow | |||||
| Free Cash Flow | 11.66M | -1.94M | -3.33M | -15.26M | -12.33M |
| Operating Cash Flow | 12.47M | -693.00K | -1.10M | -12.00M | -8.68M |
| Investing Cash Flow | -9.97M | -1.25M | -2.32M | 23.64M | -3.54M |
| Financing Cash Flow | -1.37M | 1.55M | 2.21M | -13.99M | 15.13M |
Dolphin Capital Investors Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | £50.18M | 3.28 | 6.10% | 3.92% | -6.10% | 889.93% | |
67 Neutral | £1.25B | 7.07 | 10.25% | 3.62% | -8.66% | 553.35% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
51 Neutral | £155.19M | -6.51 | -9.62% | ― | ― | ― | |
50 Neutral | £226.07M | 35.14 | 5.91% | 2.71% | -14.09% | ― | |
50 Neutral | £33.57M | -0.40 | -27.53% | ― | 15.55% | -116.52% | |
47 Neutral | £39.80M | -5.92 | -14.83% | ― | ― | ― |
* Real Estate Sector Average
GB:DCI
Dolphin Capital Investors
4.40
-0.35
-7.37%
GB:GRI
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169.10
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290.00
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GB:GR1T
Grit Real Estate Income Group Limited
6.75
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-20.59%
Dolphin Capital Investors Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresShareholder Meetings
DCI Advisors Narrows Loss as Asset Sales Advance Despite Regional Headwinds
Neutral
Mar 30, 2026
DCI Advisors reported unaudited interim results for the six months to 31 December 2025, showing a modest 2% decline in net asset value to €108.8 million and a significantly reduced net loss of €2.5 million compared with the prior perio...
Business Operations and StrategyExecutive/Board Changes
DCI Advisors Reshapes Board Committees and Seeks Independent Audit Chair
Positive
Mar 20, 2026
DCI Advisors Ltd has reorganised the composition of its key board committees following a board meeting held on 19 March 2026. The Audit Committee will now be chaired by executive director Nick Paris, with Martin Adams and Nikiforos Charagkionis se...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.