Foresight Environmental Infrastructure Limited

BATS-CHIXE:FGENL Stock Report

Market Cap: UK£497.6m

Foresight Environmental Infrastructure Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: FGENL (£0.77) is trading below our estimate of fair value (£0.91)

Significantly Below Fair Value: FGENL is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

Key metric: As FGENL is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for FGENL. This is calculated by dividing FGENL's market cap by their current book value.
What is FGENL's PB Ratio?
PB Ratio0.7x
BookUK£751.21m
Market CapUK£497.64m

Price to Book Ratio vs Peers

How does FGENL's PB Ratio compare to its peers?

The above table shows the PB ratio for FGENL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average1.4x
JUP Jupiter Fund Management
0.5x44.8%UK£414.5m
POLR Polar Capital Holdings
3.8x10.3%UK£514.7m
ORIT Octopus Renewables Infrastructure Trust
0.7xn/aUK£409.5m
PINT Pantheon Infrastructure
0.8xn/aUK£418.3m
FGENL Foresight Environmental Infrastructure
0.7xn/aUK£497.6m

Price-To-Book vs Peers: FGENL is good value based on its Price-To-Book Ratio (0.7x) compared to the peer average (1.4x).

Price to Book Ratio vs Industry

How does FGENL's PB Ratio compare vs other companies in the GB Capital Markets Industry?

7 CompaniesPrice / BookEstimated GrowthMarket Cap
IX. i(x) Net Zero
0.07xn/aUS$8.94m
TI1 Trian Investors 1
0.006xn/aUS$3.21m
MIL Myanmar Investments International
0.1xn/aUS$1.14m
VELA Vela Technologies
0.2xn/aUS$1.32m
No. of Companies29PB00.81.62.43.24+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: FGENL is good value based on its Price-To-Book Ratio (0.7x) compared to the UK Capital Markets industry average (0.9x).

Price to Book Ratio vs Fair Ratio

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

FGENL PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.7x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate FGENL's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FGENL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£0.77
UK£1.26
+64.7%
12.7%UK£1.42UK£1.10n/a2
Nov ’25UK£0.84
UK£1.26
+50.3%
12.7%UK£1.42UK£1.10n/a2
Oct ’25UK£0.91
UK£1.26
+38.8%
12.7%UK£1.42UK£1.10n/a2
Sep ’25n/a
UK£1.26
0%
12.7%UK£1.42UK£1.10n/a2
Aug ’25n/a
UK£1.26
0%
12.7%UK£1.42UK£1.10n/a2
Jul ’25n/a
UK£1.26
0%
12.7%UK£1.42UK£1.10n/a2
Jun ’25n/a
UK£1.26
0%
12.7%UK£1.42UK£1.10n/a2
May ’25n/a
UK£1.26
0%
12.7%UK£1.42UK£1.10n/a2
Apr ’25n/a
UK£1.26
0%
12.7%UK£1.42UK£1.10n/a2
Feb ’25n/a
UK£1.26
0%
12.7%UK£1.42UK£1.10n/a2
Jan ’25n/a
UK£1.26
0%
12.7%UK£1.42UK£1.10n/a2
Dec ’24n/a
UK£1.26
0%
12.7%UK£1.42UK£1.10n/a2
Nov ’24n/a
UK£1.26
0%
12.7%UK£1.42UK£1.10UK£0.842
Oct ’24n/a
UK£1.26
0%
12.7%UK£1.42UK£1.10UK£0.912
Sep ’24n/a
UK£1.26
0%
12.7%UK£1.42UK£1.10n/a2
Aug ’24n/a
UK£1.34
0%
6.0%UK£1.42UK£1.26n/a2
Jul ’24n/a
UK£1.34
0%
6.0%UK£1.42UK£1.26n/a2
Jun ’24n/a
UK£1.34
0%
6.0%UK£1.42UK£1.26n/a2
May ’24n/a
UK£1.34
0%
6.0%UK£1.42UK£1.26n/a2
Apr ’24n/a
UK£1.34
0%
6.0%UK£1.42UK£1.26n/a2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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