Foresight Environmental Infrastructure Limited

LSE:FGEN Stock Report

Market Cap: UK£508.7m

Foresight Environmental Infrastructure Valuation

Is FGEN 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 FGEN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FGEN (£0.76) is trading below our estimate of fair value (£0.91)

Significantly Below Fair Value: FGEN 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 FGEN?

Key metric: As FGEN 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 FGEN. This is calculated by dividing FGEN's market cap by their current book value.
What is FGEN's PB Ratio?
PB Ratio0.7x
BookUK£751.21m
Market CapUK£508.71m

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for FGEN 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
FGEN Foresight Environmental Infrastructure
0.7xn/aUK£508.7m

Price-To-Book vs Peers: FGEN 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 FGEN'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
FGEN 0.7xIndustry Avg. 0.9xNo. of Companies29PB00.81.62.43.24+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: FGEN 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 FGEN'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.

FGEN 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 FGEN'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 FGEN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£0.76
UK£1.26
+64.9%
12.7%UK£1.42UK£1.10n/a2
Nov ’25UK£0.84
UK£1.26
+50.5%
12.7%UK£1.42UK£1.10n/a2
Oct ’25UK£0.90
UK£1.26
+39.7%
12.7%UK£1.42UK£1.10n/a2
Sep ’25UK£0.95
UK£1.26
+32.5%
12.7%UK£1.42UK£1.10n/a2
Aug ’25UK£0.97
UK£1.26
+30.3%
12.7%UK£1.42UK£1.10n/a2
Jul ’25UK£0.87
UK£1.26
+44.8%
12.7%UK£1.42UK£1.10n/a2
Jun ’25UK£0.88
UK£1.26
+43.5%
12.7%UK£1.42UK£1.10n/a2
May ’25UK£0.91
UK£1.26
+38.6%
12.7%UK£1.42UK£1.10n/a2
Apr ’25UK£0.94
UK£1.26
+34.5%
12.7%UK£1.42UK£1.10n/a2
Feb ’25UK£0.97
UK£1.26
+29.9%
12.7%UK£1.42UK£1.10n/a2
Jan ’25UK£1.02
UK£1.26
+24.0%
12.7%UK£1.42UK£1.10n/a2
Dec ’24UK£0.97
UK£1.26
+29.5%
12.7%UK£1.42UK£1.10n/a2
Nov ’24UK£0.84
UK£1.26
+50.0%
12.7%UK£1.42UK£1.10UK£0.842
Oct ’24UK£0.99
UK£1.26
+27.5%
12.7%UK£1.42UK£1.10UK£0.902
Sep ’24UK£0.98
UK£1.26
+28.6%
12.7%UK£1.42UK£1.10UK£0.952
Aug ’24UK£1.05
UK£1.34
+27.6%
6.0%UK£1.42UK£1.26UK£0.972
Jul ’24UK£1.06
UK£1.34
+26.4%
6.0%UK£1.42UK£1.26UK£0.872
Jun ’24UK£1.17
UK£1.34
+14.7%
6.0%UK£1.42UK£1.26UK£0.882
May ’24UK£1.21
UK£1.34
+10.4%
6.0%UK£1.42UK£1.26UK£0.912
Apr ’24UK£1.20
UK£1.34
+12.0%
6.0%UK£1.42UK£1.26UK£0.942

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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