Methodology — NAV at look-through:
(1) Alight stake at market (BRC's largest remaining public position).
(2) Black Knight Football Club (BKFC) — private; carry value disclosed quarterly.
(3) Other private positions (System One, Sightline residual, Computer Services, etc.) at carry × haircut.
(4) Cash net of debt — large now post-D&B sale.
(5) Self-disclosed NAV per investor presentations ~$28–32; market at ~$18 → 35–45% discount.
Valuation presets
Live SOTP per share
Public stakes (Alight)
$0
+ Private investments
$0
+ Net cash
$0
Gross NAV
$0
÷ Shares
NAV / share
CNNE mkt price
$18
Discount to NAV
—
1. Public equity stakes (at market)
| Holding | Ticker | CNNE's shares (M) | Price ($) | Value ($M) |
|---|---|---|---|---|
| Total public stakes | — | |||
2. Private investments (carry × haircut)
| Investment | Description | Carry ($M) | Haircut % | SOTP value ($M) |
|---|---|---|---|---|
| Total private | — | |||
3. Cash & debt (post-D&B sale + buybacks)
| Item | Note | Value ($M) |
|---|---|---|
| Net | — | |
Share count & market
| Shares outstanding (M) | M (post buybacks) | |
| Current CNNE price ($) | $ |
Not investment advice. Sources: CNNE Q1 2026 earnings (May 11 2026 release), CNNE Summer 2025 investor presentation.