LSE:FSJ

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Proven track record with adequate balance sheet and pays a dividend.

Share Price & News

How has James Fisher and Sons's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.3%

FSJ

1.0%

GB Infrastructure

1.1%

GB Market


1 Year Return

13.6%

FSJ

7.5%

GB Infrastructure

2.7%

GB Market

Return vs Industry: FSJ exceeded the UK Infrastructure industry which returned 7.5% over the past year.

Return vs Market: FSJ exceeded the UK Market which returned 2.7% over the past year.


Shareholder returns

FSJIndustryMarket
7 Day3.3%1.0%1.1%
30 Day-4.7%-1.6%-1.7%
90 Day1.9%3.2%-2.7%
1 Year15.5%13.6%11.4%7.5%7.8%2.7%
3 Year29.1%22.6%23.9%13.5%19.3%4.7%
5 Year88.0%72.0%27.5%-8.4%38.0%8.1%

Price Volatility Vs. Market

How volatile is James Fisher and Sons's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

22.44x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: FSJ (£19.88) is trading above our estimate of fair value (£14.72)

Significantly Undervalued: FSJ is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FSJ is good value based on its PE Ratio (22.4x) compared to the Infrastructure industry average (22.4x).

PE vs Market: FSJ is poor value based on its PE Ratio (22.4x) compared to the UK market (16.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: FSJ is poor value based on its PEG Ratio (3.2x)


Price to Book Ratio

PB vs Industry: FSJ is overvalued based on its PB Ratio (3.2x) compared to the GB Infrastructure industry average (1.9x).


Next Steps

Future Growth

How is James Fisher and Sons forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

7.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FSJ's forecast earnings growth (7.1% per year) is above the savings rate (1.2%).

Earnings vs Market: FSJ's earnings (7.1% per year) are forecast to grow slower than the UK market (12.3% per year).

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

Revenue vs Market: FSJ's revenue (6.7% per year) is forecast to grow faster than the UK market (3.8% per year).

High Growth Revenue: FSJ's revenue (6.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: FSJ's Return on Equity is forecast to be low in 3 years time (14%).


Next Steps

Past Performance

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

2.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FSJ's earnings have grown by 2.2% per year over the past 5 years.

Accelerating Growth: FSJ's earnings growth over the past year (5.2%) exceeds its 5-year average (2.2% per year).

Earnings vs Industry: FSJ earnings growth over the past year (5.2%) underperformed the Infrastructure industry 9.8%.


Return on Equity

High ROE: FSJ's Return on Equity (14.4%) is considered low.


Return on Assets

ROA vs Industry: FSJ has a higher Return on Assets than the Infrastructure industry average last year.


Return on Capital Employed

ROCE Improving: FSJ has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is James Fisher and Sons's financial position?


Financial Position Analysis

Short Term Liabilities: FSJ's short term assets (£270.1M) exceeds its short term liabilities (£190.5M)

Long Term Liabilities: FSJ's short term assets (270.1M) exceeds its long term liabilities (201.9M)


Debt to Equity History and Analysis

Debt Level: FSJ's debt to equity ratio (57.2%) is considered high

Reducing Debt: FSJ's debt to equity ratio has increased from 53.9% to 57.2% over the past 5 years.

Debt Coverage: FSJ's debt is well covered by operating cash flow (49.8%).

Interest Coverage: FSJ's interest payments on its debt are well covered by EBIT (11.7x coverage).


Balance Sheet

Inventory Level: FSJ has a high level of physical assets or inventory.

Debt Coverage by Assets: FSJ's debt is covered by short term assets (assets are 1.529440x debt).


Next Steps

Dividend

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

1.59%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%2.0%markettop25%5.4%industryaverage3.8%forecastin3Years2.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: FSJ's dividend (1.59%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (2.01%).

High Dividend: FSJ's dividend (1.59%) is low compared to the top 25% of dividend payers in the UK market (5.44%).

Stable Dividend: FSJ's dividends per share have been stable in the past 10 years.

Growing Dividend: FSJ's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36.8%), FSJ's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FSJ's dividends in 3 years are forecast to be well covered by earnings (37.1% payout ratio).


Next Steps

Management

What is the CEO of James Fisher and Sons's salary, the management and board of directors tenure and is there insider trading?

1.5yrs

Average board tenure


CEO

Eoghan O'Lionaird 0

0yrs

Tenure

0

Mr. Eoghan O’Lionaird serves as Chief Executive Officer at James Fisher and Sons plc since October 01, 2019. He was Business Group Director of Spectris plc since February 3, 2014 until 2019. Mr. O’Lionaird ...


Board Age and Tenure

1.5yrs

Average Tenure

59yo

Average Age

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


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUK£58,52018 Mar 19
Nicholas Henry
EntityIndividual
Role
Senior Key Executive
Executive Officer
Shares2,750
Max PriceUK£22.14

Ownership Breakdown


Management Team

  • Nick Henry (58yo)

    Executive Officer

    • Tenure: 0yrs
    • Compensation: UK£1.90m
  • Stuart Kilpatrick (56yo)

    Group Finance Director & Executive Director

    • Tenure: 8.8yrs
    • Compensation: UK£1.24m
  • Eoghan O'Lionaird

    Chief Executive Officer

    • Tenure: 0yrs
  • Fergus Graham

    Executive Director

    • Tenure: 1.6yrs
    • Compensation: UK£558.00k

Board Members

  • Justin Atkinson (59yo)

    Independent Non-Executive Director

    • Tenure: 1.7yrs
    • Compensation: UK£55.00k
  • Malcolm Paul (68yo)

    Chairman of the Board

    • Tenure: 1.4yrs
    • Compensation: UK£156.00k
  • Mike Salter (71yo)

    Non-Executive Director

    • Tenure: 6.2yrs
    • Compensation: UK£52.00k
  • Aedamar Comiskey (52yo)

    Senior Independent Director

    • Tenure: 0.6yrs
    • Compensation: UK£57.00k
  • Stuart Kilpatrick (56yo)

    Group Finance Director & Executive Director

    • Tenure: 8.8yrs
    • Compensation: UK£1.24m
  • Eoghan O'Lionaird

    Chief Executive Officer

    • Tenure: 0yrs
  • Inken Braunschmidt

    Independent Non-Executive Director

    • Tenure: 0.6yrs
  • Fergus Graham

    Executive Director

    • Tenure: 1.6yrs
    • Compensation: UK£558.00k

Company Information

James Fisher and Sons plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: James Fisher and Sons plc
  • Ticker: FSJ
  • Exchange: LSE
  • Founded: 1847
  • Industry: Marine Ports and Services
  • Sector: Transportation
  • Market Cap: UK£999.960m
  • Shares outstanding: 50.30m
  • Website: https://www.james-fisher.com

Number of Employees


Location

  • James Fisher and Sons plc
  • Fisher House
  • Michaelson Road
  • Barrow-in-Furness
  • Cumbria
  • LA14 1HR
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FSJLSE (London Stock Exchange)YesOrdinary SharesGBGBPJan 1992
6FJBST (Boerse-Stuttgart)YesOrdinary SharesDEEURJan 1992
FSJLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJan 1992

Biography

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 O ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 20:38
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.