Sherborne Investors (Guernsey) C Ltd. (SIGC) AI Stock Analysis

• Market Cap: £233.42M
• Dividend Yield: 1.43%
• Average Volume (3M): 3.79K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.12
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): -0.03
• Shares Outstanding: 652,018,600
• 10 Day Avg. Volume: 7,130
• 30 Day Avg. Volume: 3,787
• PEG Ratio: <0.01
• Price to Book (P/B): 0.80
• Price to Sales (P/S): -2.67
• P/FCF Ratio: -478.96
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: 37.00p ▼(-11.90% Downside)

The score is held down primarily by unstable profitability and persistently negative cash flow, with additional pressure from a bearish technical trend (price below key moving averages and negative MACD). A debt-free balance sheet and an oversold RSI provide some risk mitigation, but not enough to materially lift the overall profile.

Positive Factors

Debt-free balance sheet

A zero-debt capital structure materially lowers financial distress risk and interest expense over the medium term. This unlevered position gives management flexibility to absorb losses and negative cash flow without refinancing pressure, supporting survivability during downturns.

Sizable equity and asset cushion

Reported equity and asset levels provide a tangible capital buffer to absorb periodic large losses and fund operations. That cushion enhances the firm's ability to operate through negative cashflow periods and preserves optionality for strategic responses to market stress.

Demonstrated ability to be profitable

Intermittent profitable years show the business can generate near-100% margins in favorable conditions, indicating an underlying ability to earn investment-style returns. This suggests potential for recovery if market conditions or asset performance normalize.

Negative Factors

Persistent negative cash generation

Consistent OCF and FCF deficits undermine long-term sustainability by eroding liquidity and forcing reliance on non-operating funding or asset sales. Persistent cash burn constrains reinvestment, distributions, and resiliency without a structural change to cash conversion.

Highly volatile earnings

Wide swings between strong profit years and deep losses create forecasting and execution challenges. Volatility erodes return on equity consistency, complicates capital allocation, and weakens stakeholder confidence in the firm's ability to deliver stable, repeatable earnings.

Declining revenue trend

Material negative revenue growth reduces scale and fee-generating capacity for an asset manager, limiting operating leverage and margin sustainability. Continued top-line contraction pressures profitability and exacerbates the firm's reliance on capital buffers to cover fixed costs.

Sherborne Investors (Guernsey) C Ltd. Business Overview & Revenue Model

Company Description

Sherborne Investors (Guernsey) C Limited is an open-ended equity mutual fund. The fund is launched and managed by Sherborne Investors Management (Guernsey) LLC. It invests in the public equity markets. The fund seeks to invest in growth and value stocks of companies. Sherborne Investors (Guernsey) C Limited is domiciled in the Guernsey, Channel Islands.

How the Company Makes Money

Sherborne Investors (Guernsey) C Ltd. Financial Statement Overview

Summary

Overall fundamentals are weak: income results are highly volatile with a sharp reversal into a large 2024 loss (Income Statement score 28) and cash generation is consistently negative with negative operating cash flow/free cash flow every year shown (Cash Flow score 22). The main offset is a conservatively positioned, debt-free balance sheet that lowers financial risk despite equity decline in 2024 (Balance Sheet score 72).

Income Statement

Results are highly volatile with multiple loss years and negative revenue in 2020, 2022, and 2024, indicating an unstable earnings base. After a strong profit year in 2021 and solid profitability in 2023, performance reversed sharply in 2024 with a large net loss (and revenue declining meaningfully versus 2023). While reported margins are near 100% in both profit and loss years (consistent with an investment-style income profile), the key issue is the lack of consistency and the recent deterioration.

Balance Sheet

The balance sheet is conservatively positioned with no debt across all reported periods, which materially reduces financial risk. Equity and assets remain sizable, providing a cushion; however, equity declined from 2023 to 2024 alongside the large loss, and returns on equity swing from strongly positive (2021/2023) to deeply negative (2020/2022/2024). Overall strength comes from the unlevered structure, tempered by volatility-driven erosion of shareholder value in down years.

Cash Flow

Cash generation is weak: operating cash flow and free cash flow are negative in every year shown, including years with reported profits (2021 and 2023), which raises questions about the durability and convertibility of earnings into cash. Free cash flow improved versus the prior year in 2023 and 2024, but it remains negative, and the recurring cash burn is a clear constraint despite the debt-free balance sheet.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	-128.18M	44.69M	-46.70M	159.38M	-124.28M
Gross Profit	-128.18M	44.69M	-46.70M	159.38M	-124.28M
EBITDA	0.00	0.00	0.00	0.00	0.00
Net Income	-128.90M	43.91M	-47.55M	158.89M	-124.80M
Balance Sheet
Total Assets	430.45M	566.35M	529.67M	580.62M	421.65M
Cash, Cash Equivalents and Short-Term Investments	758.60K	816.59K	4.97M	5.03M	2.31M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	98.87K	100.33K	227.35K	128.65K	78.06K
Stockholders Equity	430.35M	566.25M	529.33M	576.66M	421.48M
Cash Flow
Free Cash Flow	-714.67K	-3.05M	-4.67M	-3.31M	-4.28M
Operating Cash Flow	-714.67K	-3.05M	-4.67M	-3.31M	-4.28M
Investing Cash Flow	7.66M	6.01M	8.12M	6.03M	-2.10M
Financing Cash Flow	-7.00M	-7.11M	-3.50M	-298.00	600.00

Sherborne Investors (Guernsey) C Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CLIG	76 Outperform	£188.80M	12.60	13.07%	8.15%	1.29%	11.17%
CLDN	76 Outperform	£1.94B	10.64	6.14%	2.40%	64.34%	77.61%
FSG	73 Outperform	£482.08M	14.65	―	5.73%	―	―
CGL	71 Outperform	£321.84M	―	―	―	―	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
IIG	56 Neutral	£303.68M	-59.95	-1.34%	―	962.39%	-71.54%
SIGC	47 Neutral	£233.42M	-5.76	-10.09%	1.43%	―	―

Sherborne Investors (Guernsey) C Ltd. Corporate Events

Sherborne Investors (Guernsey) C Updates Total Voting Rights to 690 Million Shares

Sherborne Investors (Guernsey) C Limited has disclosed that, as of 31 December 2025, it has 690,076,122 ordinary shares of no par value in issue, all carrying voting rights. This updated total voting rights figure provides the reference denominator shareholders must use to assess whether they need to notify the company and regulators of any holdings or changes in their holdings under the Disclosure Guidance and Transparency Rules, ensuring continued compliance with UK market transparency requirements.

Sherborne Investors Cancels Over 6.9 Million Shares

Sherborne Investors (Guernsey) C Limited has announced the purchase and subsequent cancellation of 6,923,878 of its ordinary shares during November 2025, at an average price of 39.4p per share. This action reduces the total number of shares with voting rights to 690,076,122, affecting shareholder calculations under the Disclosure Guidance and Transparency Rules.

Sherborne Investors Announces Total Voting Rights Update

Sherborne Investors (Guernsey) C Limited has announced that as of October 31, 2025, the total number of ordinary shares with voting rights in issue is 697,000,000. This information is significant for shareholders as it serves as the denominator for calculating their interest in the company under the Disclosure Guidance and Transparency Rules.