Is ICON or NCT more undervalued in 2026?

CirclFi compares Icon Energy Corp. (ICON) and Intercont (Cayman) Limited (NCT) using 13 institutional-grade valuation models. ICON has a Quality of Company score of 4.2/10 while NCT scores 8.0/10.

Which is a better buy — ICON or NCT?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do ICON and NCT valuations compare?

ICON at $1.40 and NCT at $2.79 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

ICON vs NCT Valuation Comparison 2026 — Intrinsic Value Analysis

ICON

Deep Sea Foreign Transportation of Freight

Icon Energy Corp.

Quality

4.2

out of 10

Value Trap

SAFE

Price

$1.40

Last close

Models

9/13

Active

NCT

Deep Sea Foreign Transportation of Freight

Intercont (Cayman) Limited

Quality

8.0

out of 10

Value Trap

—

Price

$2.79

Last close

Models

1/13

Active

Model-by-Model Comparison

Model	Type	ICON Fair Value	ICON Upside	NCT Fair Value	NCT Upside
Bayesian DCF	Intrinsic	$3.07	+171.3%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$0.42	-70.3%	—	—
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$4.42	+215.6%	$8.47	+203.4%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

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ICON vs NCT — Which Stock Is More Undervalued?

NCT scores higher with a 8.0/10 quality rating vs ICON's 4.2/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Icon Energy Corp. (ICON) and Intercont (Cayman) Limited (NCT) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

ICON currently trades at $1.40 with a QOC of 4.2/10, while NCT trades at $2.79 with a QOC of 8.0/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).