LSE:FSJ

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Excellent balance sheet with moderate growth potential.

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

Stable Share Price: FSJ has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-7.0%

FSJ

-5.9%

GB Infrastructure

-3.4%

GB Market


1 Year Return

-39.6%

FSJ

-35.5%

GB Infrastructure

-19.7%

GB Market

Return vs Industry: FSJ underperformed the UK Infrastructure industry which returned -35.5% over the past year.

Return vs Market: FSJ underperformed the UK Market which returned -19.7% over the past year.


Shareholder returns

FSJIndustryMarket
7 Day-7.0%-5.9%-3.4%
30 Day5.9%-1.2%-4.5%
90 Day0.2%-2.6%-5.1%
1 Year-39.2%-39.6%-26.1%-35.5%-16.6%-19.7%
3 Year-22.5%-25.7%-27.1%-40.4%-12.8%-23.6%
5 Year32.2%22.5%17.2%-7.6%9.9%-14.9%

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?

15.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FSJ (£11.78) is trading below our estimate of fair value (£13.87)

Significantly Below Fair Value: FSJ is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: FSJ is poor value based on its PE Ratio (24x) compared to the XE Infrastructure industry average (16.6x).

PE vs Market: FSJ is poor value based on its PE Ratio (24x) compared to the UK market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: FSJ is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: FSJ is overvalued based on its PB Ratio (1.9x) compared to the GB Infrastructure industry average (0.9x).


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?

26.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FSJ's forecast earnings growth (26.6% per year) is above the savings rate (1.2%).

Earnings vs Market: FSJ's earnings (26.6% per year) are forecast to grow faster than the UK market (23.9% per year).

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

Revenue vs Market: FSJ's revenue (4.6% per year) is forecast to grow slower than the UK market (5.8% per year).

High Growth Revenue: FSJ's revenue (4.6% 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 (12.3%).


Next Steps

  • Explore growth companies in the Transportation industry.

Past Performance

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

-1.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FSJ has high quality earnings.

Growing Profit Margin: FSJ's current net profit margins (4.2%) are lower than last year (7.6%).


Past Earnings Growth Analysis

Earnings Trend: FSJ's earnings have declined by 1.9% per year over the past 5 years.

Accelerating Growth: FSJ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FSJ had negative earnings growth (-44.4%) over the past year, making it difficult to compare to the Infrastructure industry average (-47.7%).


Return on Equity

High ROE: FSJ's Return on Equity (7.9%) is considered low.


Next Steps

Financial Health

How is James Fisher and Sons's financial position?


Financial Position Analysis

Short Term Liabilities: FSJ's short term assets (£274.3M) exceed its short term liabilities (£198.2M).

Long Term Liabilities: FSJ's short term assets (£274.3M) exceed its long term liabilities (£216.8M).


Debt to Equity History and Analysis

Debt Level: FSJ's debt to equity ratio (60.4%) is considered high.

Reducing Debt: FSJ's debt to equity ratio has reduced from 62.8% to 60.4% over the past 5 years.

Debt Coverage: FSJ's debt is well covered by operating cash flow (48.1%).

Interest Coverage: FSJ's interest payments on its debt are well covered by EBIT (6.6x coverage).


Balance Sheet


Next Steps

Dividend

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

1.36%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FSJ's dividend (1.36%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.87%).

High Dividend: FSJ's dividend (1.36%) is low compared to the top 25% of dividend payers in the UK market (5.39%).


Stability and Growth of Payments

Stable Dividend: FSJ's dividend payments have been volatile 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 low payout ratio (16.3%), 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 (40% payout ratio).


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Eoghan O'Lionaird

1

Tenure

UK£889,000

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Eoghan's total compensation ($USD1.15M) is about average for companies of similar size in the UK market ($USD1.15M).

Compensation vs Earnings: Insufficient data to compare Eoghan's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Eoghan O'Lionaird
CEO & Executive Director1yrUK£889.00k0.026%
£ 157.2k
Stuart Kilpatrick
Group Finance Director & Executive Director9.83yrsUK£733.00k0.14%
£ 846.4k
Fergus Graham
Executive Officer2.58yrsUK£428.00kno data
Jim Marsh
Group General Counsel & Company Secretaryno datano datano data
Danielle Le Breton
Group Head of Human Resourcesno datano datano data

2.6yrs

Average Tenure

Experienced Management: FSJ's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Eoghan O'Lionaird
CEO & Executive Director1yrUK£889.00k0.026%
£ 157.2k
Stuart Kilpatrick
Group Finance Director & Executive Director9.83yrsUK£733.00k0.14%
£ 846.4k
Justin Atkinson
Independent Non-Executive Director2.67yrsUK£65.00k0.0063%
£ 37.1k
Malcolm Paul
Chairman of the Board2.42yrsUK£205.00k0.026%
£ 153.1k
Michael John Salter
Independent Non-Executive Director7.17yrsUK£53.00kno data
Aedamar Comiskey
Senior Independent Director1.58yrsUK£61.00kno data
Inken Braunschmidt
Independent Non-Executive Director1.58yrsUK£44.00kno data

2.4yrs

Average Tenure

60yo

Average Age

Experienced Board: FSJ's board of directors are not considered experienced ( 2.4 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.


Top Shareholders

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£593.565m
  • Shares outstanding: 50.39m
  • 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 Analysis2020/10/28 21:15
End of Day Share Price2020/10/28 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.