James Fisher and Sons (LSE:FSJ) - Share price, News & Analysis

FSJ fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

FSJ Stock Overview

James Fisher and Sons plc, together with its subsidiaries, provides marine and specialist engineering services worldwide.

Rewards

Trading at 44.2% below our estimate of its fair value

Earnings are forecast to grow 72.69% per year

Risk Analysis

Debt is not well covered by operating cash flow

Highly volatile share price over the past 3 months

Price History & Performance

Summary of all time highs, changes and price drops for James Fisher and Sons
Historical stock prices
Current Share Price	UK£4.22
52 Week High	UK£12.92
52 Week Low	UK£2.80
Beta	0.60
1 Month Change	44.35%
3 Month Change	-45.12%
1 Year Change	-56.99%
3 Year Change	-77.58%
5 Year Change	-73.34%
Change since IPO	378.98%

Recent News & Updates

Dec 29

Is There An Opportunity With James Fisher and Sons plc's (LON:FSJ) 46% Undervaluation?

In this article we are going to estimate the intrinsic value of James Fisher and Sons plc ( LON:FSJ ) by taking the...

Nov 01

Health Check: How Prudently Does James Fisher and Sons (LON:FSJ) Use Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

	FSJ	GB Infrastructure	GB Market
7D	-3.9%	-2.8%	-0.5%
1Y	-57.0%	-8.8%	8.7%

Return vs Industry: FSJ underperformed the UK Infrastructure industry which returned -8.8% over the past year.

Return vs Market: FSJ underperformed the UK Market which returned 8.7% over the past year.

Price Volatility

Is FSJ's price volatile compared to industry and market?
FSJ volatility
FSJ Average Weekly Movement	15.7%
Infrastructure Industry Average Movement	5.6%
Market Average Movement	5.0%
10% most volatile stocks in GB Market	10.5%
10% least volatile stocks in GB Market	2.4%

Stable Share Price: FSJ is more volatile than 90% of UK stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: FSJ's weekly volatility has increased from 9% to 16% over the past year.

About the Company

Founded	Employees	CEO	Website
1847	2,738	Eoghan O'Lionaird	https://www.james-fisher.com

James Fisher and Sons plc, together with its subsidiaries, provides marine and specialist engineering services worldwide. It operates through four segments: Marine Support, Specialist Technical, Offshore Oil, and Tankships. The Marine Support segment engages in the provision of ship to ship transfer services; offshore terminal services; integrated marine services, including remotely operated vehicle systems and diving services; mass-flow excavation services; and products and services that measure and monitor structural stress, and instrumentation and testing materials to marine, oil and gas, renewables, defense, civil, and construction end markets.

James Fisher and Sons Fundamentals Summary

How do James Fisher and Sons's earnings and revenue compare to its market cap?
FSJ fundamental statistics
Market Cap	UK£212.38m
Earnings (TTM)	-UK£49.00m
Revenue (TTM)	UK£493.80m

0.4x

P/S Ratio

-4.3x

P/E Ratio

Is FSJ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
FSJ income statement (TTM)
Revenue	UK£493.80m
Cost of Revenue	UK£414.20m
Gross Profit	UK£79.60m
Expenses	UK£128.60m
Earnings	-UK£49.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Mar 25, 2022

Earnings per share (EPS)	-0.97
Gross Margin	16.12%
Net Profit Margin	-9.92%
Debt/Equity Ratio	94.1%

How did FSJ perform over the long term?

See historical performance and comparison

Valuation

Is James Fisher and Sons undervalued compared to its fair value and its price relative to the market?

44.2%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: FSJ (£4.22) is trading below our estimate of fair value (£7.55)

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

Price To Earnings Ratio

PE vs Industry: FSJ is unprofitable, so we can't compare its PE Ratio to the European Infrastructure industry average.

PE vs Market: FSJ is unprofitable, so we can't compare its PE Ratio to the UK market.

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: FSJ is good value based on its PB Ratio (0.9x) compared to the GB Infrastructure industry average (1.1x).

Future Growth

How is James Fisher and Sons forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

72.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FSJ is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.9%).

Earnings vs Market: FSJ is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: FSJ's is expected to become profitable in the next 3 years.

Revenue vs Market: FSJ's revenue (5% per year) is forecast to grow faster than the UK market (4.8% per year).

High Growth Revenue: FSJ's revenue (5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FSJ's Return on Equity is forecast to be low in 3 years time (10.5%).

Past Performance

How has James Fisher and Sons performed over the past 5 years?

-39.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FSJ is currently unprofitable.

Growing Profit Margin: FSJ is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: FSJ is unprofitable, and losses have increased over the past 5 years at a rate of 39% per year.

Accelerating Growth: Unable to compare FSJ's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FSJ is unprofitable, making it difficult to compare its past year earnings growth to the Infrastructure industry (24.8%).

Return on Equity

High ROE: FSJ has a negative Return on Equity (-19.69%), as it is currently unprofitable.

Financial Health

How is James Fisher and Sons's financial position?

Financial Position Analysis

Short Term Liabilities: FSJ's short term assets (£313.3M) exceed its short term liabilities (£209.5M).

Long Term Liabilities: FSJ's short term assets (£313.3M) exceed its long term liabilities (£225.7M).

Debt to Equity History and Analysis

Debt Level: FSJ's net debt to equity ratio (68.7%) is considered high.

Reducing Debt: FSJ's debt to equity ratio has increased from 58.5% to 94.1% over the past 5 years.

Debt Coverage: FSJ's debt is not well covered by operating cash flow (11%).

Interest Coverage: Insufficient data to determine if FSJ's interest payments on its debt are well covered by EBIT.

Balance Sheet

Dividend

What is James Fisher and Sons's current dividend yield, its reliability and sustainability?

2.97%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate FSJ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FSJ's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FSJ's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FSJ's dividend payments have been increasing.

Current Payout to Shareholders

Dividend Coverage: FSJ is not paying a notable dividend for the UK market.

Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FSJ's dividend in 3 years as they are not forecast to pay a notable one for the UK market.

Next Steps

Explore strong dividend paying companies in the Transportation industry.

Management

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

2.6yrs

Average board tenure

CEO

Eoghan O'Lionaird

2.25yrs

Tenure

UK£522,000

Compensation

Mr. Eoghan O’Lionaird has been the Chief Executive Officer at James Fisher and Sons plc since October 01, 2019 and has been its Executive Director since he joined in September 2019. He was Business Group D...

CEO Compensation Analysis

Compensation vs Market: Eoghan's total compensation ($USD713.79K) is about average for companies of similar size in the UK market ($USD570.76K).

Compensation vs Earnings: Eoghan's compensation has been consistent with company performance over the past year.

Board Members

Experienced Board: FSJ'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: FSJ 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	2022/01/16 18:50
End of Day Share Price	2022/01/14 00:00
Earnings	2021/06/30
Annual Earnings	2020/12/31