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FOXT

Foxtons Group LSE:FOXT Stock Report

Last Price

UK£0.33

Market Cap

UK£103.3m

7D

-11.3%

1Y

-36.2%

Updated

26 Sep, 2022

Data

Company Financials +
FOXT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance2/6
Financial Health3/6
Dividends2/6

FOXT Stock Overview

Foxtons Group plc, an estate agency, provides services to the residential property market in the United Kingdom.

Foxtons Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Foxtons Group
Historical stock prices
Current Share PriceUK£0.33
52 Week HighUK£0.53
52 Week LowUK£0.30
Beta1.57
1 Month Change-12.00%
3 Month Change-6.91%
1 Year Change-36.17%
3 Year Change-34.00%
5 Year Change-50.93%
Change since IPO-87.64%

Recent News & Updates

Aug 05
Foxtons Group's (LON:FOXT) Performance Is Even Better Than Its Earnings Suggest

Foxtons Group's (LON:FOXT) Performance Is Even Better Than Its Earnings Suggest

Foxtons Group plc ( LON:FOXT ) just reported healthy earnings but the stock price didn't move much. Investors are...

Jul 30
Is Now The Time To Look At Buying Foxtons Group plc (LON:FOXT)?

Is Now The Time To Look At Buying Foxtons Group plc (LON:FOXT)?

Foxtons Group plc ( LON:FOXT ), might not be a large cap stock, but it saw a significant share price rise of over 20...

Shareholder Returns

FOXTGB Real EstateGB Market
7D-11.3%-8.7%-3.2%
1Y-36.2%-37.9%-14.6%

Return vs Industry: FOXT matched the UK Real Estate industry which returned -36% over the past year.

Return vs Market: FOXT underperformed the UK Market which returned -14.4% over the past year.

Price Volatility

Is FOXT's price volatile compared to industry and market?
FOXT volatility
FOXT Average Weekly Movement7.1%
Real Estate Industry Average Movement4.0%
Market Average Movement5.2%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.6%

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

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

About the Company

FoundedEmployeesCEOWebsite
19811,000Guy Gittinshttps://www.foxtonsgroup.co.uk

Foxtons Group plc, an estate agency, provides services to the residential property market in the United Kingdom. The company operates through three segments: Lettings, Sales, and Mortgage Broking. The Lettings segment engages in letting and managing residential properties.

Foxtons Group Fundamentals Summary

How do Foxtons Group's earnings and revenue compare to its market cap?
FOXT fundamental statistics
Market CapUK£103.27m
Earnings (TTM)UK£5.23m
Revenue (TTM)UK£128.18m

19.7x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FOXT income statement (TTM)
RevenueUK£128.18m
Cost of RevenueUK£47.20m
Gross ProfitUK£80.98m
Other ExpensesUK£75.74m
EarningsUK£5.23m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.017
Gross Margin63.17%
Net Profit Margin4.08%
Debt/Equity Ratio0.04%

How did FOXT perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

29%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 FOXT?

Other financial metrics that can be useful for relative valuation.

FOXT 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/Revenue1.1x
Enterprise Value/EBITDA11.4x
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

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

FOXT PE Ratio vs Peers
The above table shows the PE ratio for FOXT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.4x
BLV Belvoir Group
12x4.1%UK£85.8m
LSL LSL Property Services
7.4x-1.1%UK£335.6m
SVS Savills
8.5x1.4%UK£1.2b
FLK Fletcher King
29.7xn/aUK£4.5m
FOXT Foxtons Group
19.7x36.1%UK£103.3m

Price-To-Earnings vs Peers: FOXT is expensive based on its Price-To-Earnings Ratio (19.7x) compared to the peer average (14.4x).


Price to Earnings Ratio vs Industry

How does FOXT's PE Ratio compare vs other companies in the GB Real Estate Industry?

Price-To-Earnings vs Industry: FOXT is expensive based on its Price-To-Earnings Ratio (19.7x) compared to the UK Real Estate industry average (7.9x)


Price to Earnings Ratio vs Fair Ratio

What is FOXT'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.

FOXT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.7x
Fair PE Ratio17.8x

Price-To-Earnings vs Fair Ratio: FOXT is expensive based on its Price-To-Earnings Ratio (19.7x) compared to the estimated Fair Price-To-Earnings Ratio (17.8x).


Share Price vs Fair Value

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

Below Fair Value: FOXT (£0.33) is trading below our estimate of fair value (£0.62)

Significantly Below Fair Value: FOXT 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 Foxtons Group 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


36.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FOXT's forecast earnings growth (36.1% per year) is above the savings rate (0.9%).

Earnings vs Market: FOXT's earnings (36.1% per year) are forecast to grow faster than the UK market (8.9% per year).

High Growth Earnings: FOXT's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FOXT's revenue (4.8% per year) is forecast to grow faster than the UK market (4.5% per year).

High Growth Revenue: FOXT's revenue (4.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FOXT's Return on Equity is forecast to be low in 3 years time (8.2%).


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Past Performance

How has Foxtons 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


-5.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FOXT has high quality earnings.

Growing Profit Margin: FOXT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: FOXT's earnings have declined by 5.6% per year over the past 5 years.

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

Earnings vs Industry: FOXT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (25.6%).


Return on Equity

High ROE: FOXT's Return on Equity (4.2%) is considered low.


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Financial Health

How is Foxtons Group's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FOXT's short term assets (£35.1M) do not cover its short term liabilities (£39.0M).

Long Term Liabilities: FOXT's short term assets (£35.1M) do not cover its long term liabilities (£65.1M).


Debt to Equity History and Analysis

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

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

Debt Coverage: FOXT's debt is well covered by operating cash flow (39910%).

Interest Coverage: FOXT's interest payments on its debt are well covered by EBIT (4.2x coverage).


Balance Sheet


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Dividend

What is Foxtons Group current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.42%

Current Dividend Yield

Dividend Yield vs Market

Foxtons Group Dividend Yield vs Market
How does Foxtons Group dividend yield compare to the market?
SegmentDividend Yield
Company (Foxtons Group)1.4%
Market Bottom 25% (GB)2.1%
Market Top 25% (GB)5.9%
Industry Average (Real Estate)4.2%
Analyst forecast in 3 Years (Foxtons Group)2.9%

Notable Dividend: FOXT's dividend (1.42%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (2.06%).

High Dividend: FOXT's dividend (1.42%) is low compared to the top 25% of dividend payers in the UK market (5.8%).


Stability and Growth of Payments

Stable Dividend: FOXT has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: FOXT has only been paying a dividend for 9 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (28.7%), FOXT's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (8%), FOXT's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

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

2.6yrs

Average board tenure


CEO

Guy Gittins

no data

Tenure

Mr. Guy Gittins serves as Group Chief Executive Officer at Foxtons Group plc since September 5, 2022. He joins Foxtons in September 5, 2022 from Chestertons, the London and international residential proper...


Board Members

Experienced Board: FOXT's board of directors are not considered experienced ( 2.6 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: FOXT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

LSE:FOXT Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
30 Jun 22BuyUK£12,437Nigel Sutherland RichIndividual37,687UK£0.33
01 Jun 22BuyUK£53,200Peter RollingsIndividual140,000UK£0.38
30 May 22BuyUK£54,180Nigel Sutherland RichIndividual140,000UK£0.39
31 Mar 22BuyUK£12,437Nigel Sutherland RichIndividual30,113UK£0.41
09 Mar 22BuyUK£50,040Nigel Sutherland RichIndividual150,000UK£0.33
31 Dec 21BuyUK£12,437Nigel Sutherland RichIndividual29,860UK£0.42
29 Oct 21BuyUK£24,061Alan GilesIndividual50,000UK£0.48
29 Sep 21BuyUK£30,780Sheena MackayIndividual60,000UK£0.51

Ownership Breakdown

What is the ownership structure of FOXT?
Owner TypeNumber of SharesOwnership Percentage
Public Companies50,0000.02%
Private Companies4,900,0001.6%
Individual Insiders12,899,9594.1%
Hedge Funds30,441,0899.7%
General Public41,472,77713.3%
Institutions223,186,75971.3%

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


Top Shareholders

Top 25 shareholders own 72.65% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
10.09%
Hosking Partners LLP
31,588,386£10.4m4.03%0.4%
9.73%
Platinum Investment Management Limited
30,441,089£10.0m-12.12%0.33%
8.83%
Aberforth Partners LLP
27,619,582£9.1m0%0.55%
6.09%
3G Capital Management LLC
19,060,000£6.3m0%34.18%
5.11%
Soros Fund Management LLC
15,983,713£5.3m-0.76%0.16%
4.65%
Invesco Ltd.
14,555,658£4.8m-4.23%no data
3.36%
Michael Brown
10,509,181£3.5m0%no data
2.77%
UBS Asset Management
8,672,156£2.9m-40.57%no data
2.58%
Lombard Odier Asset Management (Europe) Limited
8,063,253£2.7m-6.64%0.05%
1.9%
BlackRock, Inc.
5,933,382£2.0m33.62%no data
1.66%
Legal & General Investment Management Limited
5,194,245£1.7m-1.2%no data
1.66%
Barclays Bank PLC, Securities Investments
5,182,673£1.7m-34.53%0.01%
1.57%
Quantum Analysis Fund Ltd
4,900,000£1.6m0%no data
1.5%
Milkwood Capital Limited
4,691,822£1.5m352.36%13.53%
1.48%
Dimensional Fund Advisors LP
4,642,783£1.5m10.86%no data
1.4%
Barclays Bank PLC, Wealth and Investment Management Division
4,382,113£1.4m14.76%0.02%
1.35%
JPMorgan Chase & Co, Brokerage and Securities Investments
4,212,332£1.4m-15.7%no data
1.28%
Rosehill Capital Management LLC
4,000,000£1.3m5.26%no data
0.96%
Morgan Stanley, Investment Banking and Brokerage Investments
3,001,408£990.5k101.66%no data
0.94%
Davy Asset Management Limited
2,952,265£974.2k26.53%0.06%
0.8%
IG Group Holdings Plc, Asset Management Arm
2,517,400£830.7k2.54%0.1%
0.79%
A J Bell Holdings Limited, Asset Management Arm
2,479,190£818.1k5.34%0.01%
0.75%
Chelverton Asset Management Limited
2,350,000£775.5k0%0.05%
0.73%
Jarvis Securities plc, Asset Management Arm
2,286,722£754.6k0.45%0.05%
0.69%
Citigroup Inc.,Banking and Securities Investments
2,153,920£710.8k205.99%no data

Company Information

Foxtons Group plc's employee growth, exchange listings and data sources


Key Information

  • Name: Foxtons Group plc
  • Ticker: FOXT
  • Exchange: LSE
  • Founded: 1981
  • Industry: Real Estate Services
  • Sector: Real Estate
  • Implied Market Cap: UK£103.274m
  • Shares outstanding: 312.95m
  • Website: https://www.foxtonsgroup.co.uk

Number of Employees


Location

  • Foxtons Group plc
  • Building One
  • Chiswick Park
  • London
  • Greater London
  • W4 5BE
  • United Kingdom


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FOXTLSE (London Stock Exchange)YesOrdinary SharesGBGBPSep 2013
FXGDB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 2013
FOXTLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPSep 2013
FTXG.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDSep 2013
FXTG.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDMay 2014

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.