FIH group (AIM:FIH) - Share price, News & Analysis

Q: What is the Fair Price of FIH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

FIH (£2.25) is trading above our estimate of [[fair value]] (£0.73)

FIH fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	1/6
Past Performance	2/6
Financial Health	2/6
Dividends	0/6

FIH Stock Overview

Rewards

Revenue is forecast to grow 6.55% per year

Became profitable this year

Risk Analysis

Earnings have declined by 43.4% per year over past 5 years

Latest financial reports are more than 6 months old

Does not have a meaningful market cap (£28M)

FIH group Competitors

Maintel Holdings

AIM:MAI

UK£44.5m

GYG

AIM:GYG

UK£16.3m

CPPGroup

AIM:CPP

UK£16.1m

Sureserve Group

AIM:SUR

UK£140.8m

Price History & Performance

Summary of all time highs, changes and price drops for FIH group
Historical stock prices
Current Share Price	UK£2.25
52 Week High	UK£2.70
52 Week Low	UK£2.00
Beta	0.72
1 Month Change	-6.25%
3 Month Change	-4.26%
1 Year Change	-15.09%
3 Year Change	-28.34%
5 Year Change	-21.60%
Change since IPO	32.35%

Recent News & Updates

Jun 25

Capital Allocation Trends At FIH group (LON:FIH) Aren't Ideal

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Sep 03

FIH group plc's (LON:FIH) CEO Might Not Expect Shareholders To Be So Generous This Year

The results at FIH group plc ( LON:FIH ) have been quite disappointing recently and CEO John Foster bears some...

Jun 12

Investors Could Be Concerned With FIH group's (LON:FIH) Returns On Capital

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Feb 27

Our Take On The Returns On Capital At FIH group (LON:FIH)

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...

Shareholder Returns

	FIH	GB Commercial Services	GB Market
7D	-8.2%	1.3%	2.4%
1Y	-15.1%	0.8%	-6.7%

Return vs Industry: FIH underperformed the UK Commercial Services industry which returned 0.8% over the past year.

Return vs Market: FIH underperformed the UK Market which returned -6.8% over the past year.

Price Volatility

Is FIH's price volatile compared to industry and market?
FIH volatility
FIH Average Weekly Movement	4.1%
Commercial Services Industry Average Movement	5.2%
Market Average Movement	5.4%
10% most volatile stocks in GB Market	10.6%
10% least volatile stocks in GB Market	2.8%

Stable Share Price: FIH is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: FIH's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1851	333	Stuart Munro	https://www.fihplc.com

FIH group plc, through its subsidiaries, engages in the provision of retailing, property, automotive, insurance, tourism shipping, and fishing agency services in the Falkland Islands and the United Kingdom. It is involved in the retail of food, clothing, electrical goods, home furnishings, gifts, and DIY through 6 retail outlets. The company also provides travel services, including flight bookings, airport transfers, and luxury coach and walking tours for tourists; insurance brokerage services; agency services for cruise ships and fishing vessels; and freight and shipping services to and from the Islands.

FIH group Fundamentals Summary

How do FIH group's earnings and revenue compare to its market cap?
FIH fundamental statistics
Market Cap	UK£28.17m
Earnings (TTM)	UK£39.00k
Revenue (TTM)	UK£35.46m

723.5x

P/E Ratio

0.8x

P/S Ratio

Is FIH overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
FIH income statement (TTM)
Revenue	UK£35.46m
Cost of Revenue	UK£20.29m
Gross Profit	UK£15.17m
Other Expenses	UK£15.13m
Earnings	UK£39.00k

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.0031
Gross Margin	42.79%
Net Profit Margin	0.11%
Debt/Equity Ratio	38.4%

How did FIH perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

320%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

Is FIH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FIH?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for FIH. This is calculated by dividing FIH's market cap by their current preferred multiple.
What is FIH's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	UK£28.17m

FIH key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.2x
Enterprise Value/EBITDA	14.1x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does FIH's PS Ratio compare to its peers?

FIH PS Ratio vs Peers

The above table shows the PS ratio for FIH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PS	Estimated Growth	Market Cap
Peer Average	0.3x
MAI Maintel Holdings	0.4x	n/a	UK£44.5m
GYG GYG	0.3x	n/a	UK£16.3m
CPP CPPGroup	0.1x	6.2%	UK£16.1m
SUR Sureserve Group	0.5x	7.2%	UK£140.8m
FIH FIH group	0.8x	6.6%	UK£28.2m

Forward PS

Price-To-Sales vs Peers: FIH is expensive based on its Price-To-Sales Ratio (0.8x) compared to the peer average (0.3x).

Price to Earnings Ratio vs Industry

How does FIH's PE Ratio compare vs other companies in the GB Commercial Services Industry?

Price-To-Sales vs Industry: FIH is good value based on its Price-To-Sales Ratio (0.8x) compared to the UK Commercial Services industry average (1.4x)

Price to Sales Ratio vs Fair Ratio

What is FIH's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FIH PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.8x
Fair PS Ratio	0.6x

Price-To-Sales vs Fair Ratio: FIH is expensive based on its Price-To-Sales Ratio (0.8x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

Share Price vs Fair Value

What is the Fair Price of FIH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FIH (£2.25) is trading above our estimate of fair value (£0.73)

Significantly Below Fair Value: FIH is trading above our estimate of fair value.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FIH's PEG Ratio to determine if it is good value.

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Future Growth

How is FIH group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

1/6

Future Growth Score 1/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

6.6%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if FIH's forecast earnings growth is above the savings rate (0.9%).

Earnings vs Market: Insufficient data to determine if FIH's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if FIH's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FIH's revenue (6.6% per year) is forecast to grow faster than the UK market (4.1% per year).

High Growth Revenue: FIH's revenue (6.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if FIH's Return on Equity is forecast to be high in 3 years time

Discover growth companies

Past Performance

How has FIH group performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-43.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FIH has high quality earnings.

Growing Profit Margin: FIH became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: FIH's earnings have declined by 43.4% per year over the past 5 years.

Accelerating Growth: FIH has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: FIH has become profitable in the last year, making it difficult to compare its past year earnings growth to the Commercial Services industry (106.9%).

Return on Equity

High ROE: FIH's Return on Equity (0.1%) is considered low.

Discover strong past performing companies

Financial Health

How is FIH group's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: FIH's short term assets (£21.6M) exceed its short term liabilities (£8.4M).

Long Term Liabilities: FIH's short term assets (£21.6M) do not cover its long term liabilities (£27.7M).

Debt to Equity History and Analysis

Debt Level: FIH's net debt to equity ratio (17.8%) is considered satisfactory.

Reducing Debt: FIH's debt to equity ratio has increased from 7.8% to 38.4% over the past 5 years.

Debt Coverage: FIH's debt is not well covered by operating cash flow (16.7%).

Interest Coverage: FIH's interest payments on its debt are not well covered by EBIT (2.2x coverage).

Balance Sheet

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Dividend

What is FIH group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

0.89%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: FIH's dividend (0.89%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.86%).

High Dividend: FIH's dividend (0.89%) is low compared to the top 25% of dividend payers in the UK market (5.17%).

Stability and Growth of Payments

Stable Dividend: FIH is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.

Growing Dividend: FIH is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.

Earnings Payout to Shareholders

Earnings Coverage: FIH is not paying a notable dividend for the UK market.

Cash Payout to Shareholders

Cash Flow Coverage: FIH is not paying a notable dividend for the UK market.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.8yrs

Average board tenure

CEO

Stuart Munro (54 yo)

1.17yrs

Tenure

Mr. Stuart Munro has been Chief Financial Officer and Director at FIH group plc since April 28, 2021 and serves as its Chief Executive Officer since April 14, 2022. He serves as Director at RB5 Services Li...

Board Members

Experienced Board: FIH's board of directors are considered experienced (4.8 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/06/29 00:00
End of Day Share Price	2022/06/29 00:00
Earnings	2021/09/30
Annual Earnings	2021/03/31