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Deep Value: cash covers more than 100% of the stock price

This company holds roughly $229M in cash and investments — more than its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

Camellia logo

Camellia

CAM.L
27
Agricultural Farm Products · Consumer Defensive
Exchange
London Stock Exchange
Winston Score
27
Winston is worried
Below-average fundamentals — multiple weak pillars.
Data as of Aug 23, 2026 · filings through Dec 31, 2025
How the score breaks down
Quality
Weak
Growth
Weak
Cash Flow
Weak
Stability
Good
Valuation
Data not available
Dividends
Exceptional

Winston Score History

The full picture

Camellia Plc is a British agricultural company that grows tea, macadamia nuts, avocados, and other crops on large estates across Africa and Asia. Its farms are spread across countries including Kenya, Malawi, India, and Bangladesh, selling produce to commodity markets and food companies worldwide. The company also has smaller operations in food processing and engineering services.

Camellia earns most of its revenue by selling agricultural commodities, meaning its income rises and falls with global crop prices and harvest volumes. It is a small company with a market cap around $100 million, and its competitive position rests on owning significant land and established farming operations in regions where labor costs are lower. The main risks the business faces are volatile commodity prices, climate-related crop disruptions, and the ongoing challenge of turning those thin operating margins into consistent profit — the company currently operates near breakeven.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+2.0% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-19.0% YoY

YoY Growth Rate

Earnings declining

Insider Activity

72.9%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

£168M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Camellia is growing revenue at 2% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
24.9%
Thin — 24.9% gross margin
Profit after running costs
Operating Margin
5.9%
Thin — 5.9% operating margin
Return on the money invested
ROCE
-0.6%
Weak — -0.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
+2.2%
Nearly flat sales (+2.2% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-1.8%
Burning cash (-1.8%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
0.05
Conservative — low debt load (0.05)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
no trend
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
4.52%
no trend
Healthy income — 4.52% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record
Dividend Growth
+99.4%
no trend
Dividend growing fast (99.4% YoY)

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