Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
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Treated as a pre-revenue company. None of the usual models had enough data, so this uses Net asset value instead.
ACCE opinionTwenty One Capital Inc. Class A Common Stock (XXI)
Fair value
Not available
ACCE price target
$6.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 11 Oct 2026, 00:00 CEST.
Price used: $5.59 at the close on 23 Oct 2026, 22:00 CEST.
Models: Net asset value.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
25
out of 100
1-year return
-71.2%
Dividend yield
0.00%
Twenty One Capital Inc. Class A Common Stock in four questions
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Overview
ACCE thesis
Twenty One Capital is a Bitcoin-focused holding vehicle, and the sector and industry tags on this record (Consumer Defensive, Education & Training Services) don't match that business, so verify the classification before reading anything into it. The data supplied shows a $4.0B market cap, an ROE of 422.2%, and zero for P/E, forward P/E, revenue growth, gross margin and operating margin, which means the earnings and revenue series are either absent or not meaningful for a balance-sheet-driven asset. The ROE figure is the only fundamental number here worth attention, and it likely reflects a small equity base against large mark-to-market or holding gains rather than operating strength. The composite score of 27/100 and absence from any index argue against a deeper look on the current evidence. A deeper look would need to start with the actual holdings, the share count and the accounting for digital assets before any valuation work makes sense.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
severe
Negative free cash flow
Free cash flow is $-2,369,670 with zero reported revenue, margins, or earnings, so the business shows no operating cash generation to support its $3.7B market cap.
high
Heavy insider ownership and short interest
Insiders hold 63.1% of shares while short interest sits at 15.7%, a combination that leaves a thin free float and makes price moves more volatile.
moderate
Score remains very weak
The ACCE score is 25/100 with quality at 54 and momentum at 17, and the score moved only +2 over 90 days, so there is little sign of improvement.
AI research notes
AI-assisted·How I use AIWritten Oct 22, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Return on equity of 422.2% shows the business earns very large returns on the small equity base shareholders have put in.
Debt to equity of 0.14 means the company carries little borrowed money against its equity base.
The share price of $5.59 sits below the ACCE price target of $6.00, which leaves room for the stock to rise toward that level.
Why it could disappoint
Free cash flow over the last 12 months was negative at -$2M, so the business is spending more cash than it brings in.
Return on invested capital of -4.5% means the money put into the business is currently losing value rather than earning a return.
The diluted share count rose 361.8% in the last fiscal year, so each existing share now represents a much smaller slice of the company.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 13, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where XXI's valuation models land
Price
$5.59
Model fair valueConfidence: low
about $5.57
Model
Fair value
Upside
Net asset value
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
+A plain reason under every score
+Conviction breakdown and growth / value / quality / momentum scores
+Score history: how each score moved over time
Analysts
Wall Street consensus
No analyst coverage yet.
Analyst intelligence INVESTOR FEATURE
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
+Price-target low / average / high vs the current price, with implied upside
+Forward revenue and EPS consensus by fiscal year
+ACCE fair-value models lined up against the Street
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