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FSG

Foresight Group Holdings LSE:FSG Stock Report

Last Price

UK£4.26

Market Cap

UK£460.5m

7D

0.9%

1Y

5.4%

Updated

11 Aug, 2022

Data

Company Financials +
FSG fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance6/6
Financial Health5/6
Dividends3/6

FSG Stock Overview

Foresight Group Holdings Limited operates as an infrastructure and private equity manager in the United Kingdom, Italy, Luxembourg, Spain, and Australia.

Foresight Group Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Foresight Group Holdings
Historical stock prices
Current Share PriceUK£4.26
52 Week HighUK£4.80
52 Week LowUK£3.36
Beta0
1 Month Change3.90%
3 Month Change13.60%
1 Year Change5.45%
3 Year Changen/a
5 Year Changen/a
Change since IPO-7.39%

Recent News & Updates

Shareholder Returns

FSGGB Capital MarketsGB Market
7D0.9%1.9%-0.3%
1Y5.4%-13.4%-9.1%

Return vs Industry: FSG exceeded the UK Capital Markets industry which returned -14% over the past year.

Return vs Market: FSG exceeded the UK Market which returned -8.9% over the past year.

Price Volatility

Is FSG's price volatile compared to industry and market?
FSG volatility
FSG Average Weekly Movement6.8%
Capital Markets Industry Average Movement4.6%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.7%

Stable Share Price: FSG is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: FSG's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1984191n/ahttps://www.foresightgroup.eu

Foresight Group Holdings Limited operates as an infrastructure and private equity manager in the United Kingdom, Italy, Luxembourg, Spain, and Australia. It operates in three segments: Infrastructure, Private Equity, and Foresight Capital Management. The company manages approximately 330 infrastructure assets with a focus on solar and onshore wind assets, bioenergy, and waste, as well as renewable energy enabling projects, energy efficiency management solutions, social and core infrastructure projects, and sustainable forestry assets.

Foresight Group Holdings Fundamentals Summary

How do Foresight Group Holdings's earnings and revenue compare to its market cap?
FSG fundamental statistics
Market CapUK£460.53m
Earnings (TTM)UK£25.08m
Revenue (TTM)UK£86.07m

18.4x

P/E Ratio

5.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FSG income statement (TTM)
RevenueUK£86.07m
Cost of RevenueUK£5.11m
Gross ProfitUK£80.97m
Other ExpensesUK£55.89m
EarningsUK£25.08m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.23
Gross Margin94.07%
Net Profit Margin29.13%
Debt/Equity Ratio6.3%

How did FSG perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

60%

Payout Ratio

Does FSG pay a reliable dividends?

See FSG dividend history and benchmarks
When do you need to buy FSG by to receive an upcoming dividend?
Foresight Group Holdings dividend dates
Ex Dividend DateAug 18 2022
Dividend Pay DateOct 14 2022
Days until Ex dividend5 days
Days until Dividend pay date62 days

Does FSG pay a reliable dividends?

See FSG dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

FSG 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/Revenue4.9x
Enterprise Value/EBITDA15.2x
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

How does FSG's PE Ratio compare to its peers?

FSG PE Ratio vs Peers
The above table shows the PE ratio for FSG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.8x
POLR Polar Capital Holdings
10.3x-3.7%UK£505.1m
JUP Jupiter Fund Management
5.4x3.6%UK£634.8m
GSEO VH Global Sustainable Energy Opportunities
27.6xn/aUK£481.6m
BRK Brooks Macdonald Group
19.9x9.5%UK£354.6m
FSG Foresight Group Holdings
18.4x19.7%UK£460.5m

Price-To-Earnings vs Peers: FSG is expensive based on its Price-To-Earnings Ratio (18.4x) compared to the peer average (15.8x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: FSG is expensive based on its Price-To-Earnings Ratio (18.4x) compared to the UK Capital Markets industry average (10.5x)


Price to Earnings Ratio vs Fair Ratio

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

FSG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.4x
Fair PE Ratio19.6x

Price-To-Earnings vs Fair Ratio: FSG is good value based on its Price-To-Earnings Ratio (18.4x) compared to the estimated Fair Price-To-Earnings Ratio (19.6x).


Share Price vs Fair Value

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

Below Fair Value: FSG (£4.26) is trading below our estimate of fair value (£8.06)

Significantly Below Fair Value: FSG is trading below fair value by more than 20%.


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Foresight Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


19.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FSG's forecast earnings growth (19.7% per year) is above the savings rate (0.9%).

Earnings vs Market: FSG's earnings (19.7% per year) are forecast to grow faster than the UK market (9.4% per year).

High Growth Earnings: FSG's earnings are forecast to grow, but not significantly.

Revenue vs Market: FSG's revenue (17.9% per year) is forecast to grow faster than the UK market (3.9% per year).

High Growth Revenue: FSG's revenue (17.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FSG's Return on Equity is forecast to be high in 3 years time (31%)


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Past Performance

How has Foresight Group Holdings performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


26.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FSG has high quality earnings.

Growing Profit Margin: FSG's current net profit margins (29.1%) are higher than last year (22%).


Past Earnings Growth Analysis

Earnings Trend: FSG's earnings have grown significantly by 26% per year over the past 5 years.

Accelerating Growth: FSG's earnings growth over the past year (65.3%) exceeds its 5-year average (26% per year).

Earnings vs Industry: FSG earnings growth over the past year (65.3%) exceeded the Capital Markets industry 23.2%.


Return on Equity

High ROE: FSG's Return on Equity (42.8%) is considered outstanding.


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Financial Health

How is Foresight Group Holdings's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FSG's short term assets (£72.9M) exceed its short term liabilities (£26.9M).

Long Term Liabilities: FSG's short term assets (£72.9M) exceed its long term liabilities (£13.3M).


Debt to Equity History and Analysis

Debt Level: FSG has more cash than its total debt.

Reducing Debt: Insufficient data to determine if FSG's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: FSG's debt is well covered by operating cash flow (679.3%).

Interest Coverage: FSG's interest payments on its debt are well covered by EBIT (40.8x coverage).


Balance Sheet


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Dividend

What is Foresight Group Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.24%

Current Dividend Yield

Upcoming Dividend Payment

TodayAug 12 2022Ex Dividend DateAug 18 2022Dividend Pay DateOct 14 202257 days from Ex DividendBuy in the next 5 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: FSG's dividend (3.24%) is higher than the bottom 25% of dividend payers in the UK market (1.83%).

High Dividend: FSG's dividend (3.24%) is low compared to the top 25% of dividend payers in the UK market (5.11%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether FSG's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if FSG's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (59.5%), FSG's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (60.9%), FSG's dividend payments are covered by cash flows.


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Management

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

1.5yrs

Average board tenure


CEO

Foresight Group Holdings has no CEO, or we have no data on them.


Board Members

Experienced Board: FSG's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


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.


Ownership Breakdown

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


Top Shareholders

Company Information

Foresight Group Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Foresight Group Holdings Limited
  • Ticker: FSG
  • Exchange: LSE
  • Founded: 1984
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: UK£460.525m
  • Shares outstanding: 108.10m
  • Website: https://www.foresightgroup.eu

Number of Employees


Location

  • Foresight Group Holdings Limited
  • The Shard
  • 32 London Bridge Street
  • London
  • Greater London
  • SE1 9SG
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/11 00:00
End of Day Share Price2022/08/11 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.