Fulcrum Utility Services
Market Cap
UK£69.4m
Last Updated
2020/07/11 21:02 UTC
Data Sources
Company Financials
Executive Summary
Fulcrum Utility Services Limited provides multi-utility infrastructure and related services in the United Kingdom.
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
Adequate balance sheet and slightly overvalued.
Share Price & News
How has Fulcrum Utility Services's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FCRM's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-0.8%
FCRM
-1.1%
GB Gas Utilities
-0.8%
GB Market
1 Year Return
33.0%
FCRM
-13.8%
GB Gas Utilities
-15.5%
GB Market
Return vs Industry: FCRM exceeded the UK Gas Utilities industry which returned -13.8% over the past year.
Return vs Market: FCRM exceeded the UK Market which returned -15.4% over the past year.
Shareholder returns
| FCRM | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | -1.1% | -0.8% |
| 30 Day | 1.3% | 1.4% | 0.3% |
| 90 Day | 24.5% | 6.8% | 5.6% |
| 1 Year | 41.4%33.0% | -9.2%-13.8% | -11.5%-15.5% |
| 3 Year | -34.6%-42.9% | 7.2%-7.1% | -4.6%-16.3% |
| 5 Year | 101.6%65.6% | 20.8%-10.0% | 12.5%-12.6% |
Price Volatility Vs. Market
How volatile is Fulcrum Utility Services's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall St
Does Fulcrum Utility Services Limited (LON:FCRM) Create Value For Shareholders?4 months ago | Simply Wall St
Investors Who Bought Fulcrum Utility Services (LON:FCRM) Shares Five Years Ago Are Now Up 153%5 months ago | Simply Wall St
Are Fulcrum Utility Services's (LON:FCRM) Statutory Earnings A Good Reflection Of Its Earnings Potential?Valuation
Is Fulcrum Utility Services undervalued compared to its fair value and its price relative to the market?
26.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FCRM (£0.31) is trading below our estimate of fair value (£0.42)
Significantly Below Fair Value: FCRM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FCRM is poor value based on its PE Ratio (51.4x) compared to the XE Gas Utilities industry average (14.6x).
PE vs Market: FCRM is poor value based on its PE Ratio (51.4x) compared to the UK market (15.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FCRM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FCRM's PB Ratio (1.5x) is in line with the XE Gas Utilities industry average.
Next Steps
Future Growth
How is Fulcrum Utility Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
2.7%
Forecasted Utilities industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Fulcrum Utility Services has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine Fulcrum Utility Services's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Fulcrum Utility Services competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Utilities industry.
Past Performance
How has Fulcrum Utility Services performed over the past 5 years?
12.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FCRM has a high level of non-cash earnings.
Growing Profit Margin: FCRM's current net profit margins (3.1%) are lower than last year (13.6%).
Past Earnings Growth Analysis
Earnings Trend: FCRM has become profitable over the past 5 years, growing earnings by 12% per year.
Accelerating Growth: FCRM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FCRM had negative earnings growth (-78.7%) over the past year, making it difficult to compare to the Gas Utilities industry average (18.1%).
Return on Equity
High ROE: FCRM's Return on Equity (3%) is considered low.
Next Steps
Financial Health
How is Fulcrum Utility Services's financial position?
Financial Position Analysis
Short Term Liabilities: FCRM's short term assets (£19.6M) do not cover its short term liabilities (£42.2M).
Long Term Liabilities: FCRM's short term assets (£19.6M) exceed its long term liabilities (£7.3M).
Debt to Equity History and Analysis
Debt Level: FCRM's debt to equity ratio (13.3%) is considered satisfactory.
Reducing Debt: FCRM's debt to equity ratio has reduced from 17.2% to 13.3% over the past 5 years.
Debt Coverage: FCRM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FCRM's interest payments on its debt are well covered by EBIT (29.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Fulcrum Utility Services's current dividend yield, its reliability and sustainability?
7.52%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FCRM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FCRM'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 FCRM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FCRM's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: FCRM is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FCRM's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.5yrs
Average management tenure
CEO
Daren Harris (54yo)
0.50
Tenure
Mr. Daren Harris serves as Chief Executive Officer and Director at Fulcrum Utility Services Limited since January 29, 2020. He was Chief Financial Officer at Fulcrum Utility Services Limited since June 24, ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 0.50yr | no data | no data | |
| Interim CFO & Executive Director | 0.42yr | no data | no data | |
| Group COO & Executive Director | 0.50yr | no data | no data | |
| Director of Sales and Marketing | no data | no data | no data | |
| Chief Operating Officer of Electricity | no data | no data | no data |
0.5yrs
Average Tenure
50yo
Average Age
Experienced Management: FCRM's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 0.50yr | no data | no data | |
| Group COO & Executive Director | 0.50yr | no data | no data | |
| Non-Executive Director | 0.083yr | no data | no data | |
| Non-Executive Chairman | no data | UK£80.00k | 0.47% £329.6k | |
| Non-Executive Director | 0.083yr | no data | 3.89% £2.7m | |
| Independent Non-Executive Director | 10yrs | UK£44.00k | 0.067% £46.6k | |
| Non-Executive Director | 0.17yr | no data | no data |
0.3yrs
Average Tenure
54yo
Average Age
Experienced Board: FCRM's board of directors are not considered experienced ( 0.3 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Fulcrum Utility Services Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Fulcrum Utility Services Limited
- Ticker: FCRM
- Exchange: AIM
- Founded: 2008
- Industry: Gas Utilities
- Sector: Utilities
- Market Cap: UK£69.408m
- Shares outstanding: 222.11m
- Website: https://www.fulcrumutilityserviceslimited.co.uk
Number of Employees
Location
- Fulcrum Utility Services Limited
- Sheffield Business Park
- 2 Europa View
- Sheffield
- South Yorkshire
- S9 1XH
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FCRM | AIM (London Stock Exchange AIM Market) | Yes | Ordinary Shares | GB | GBP | Dec 2009 |
Biography
Fulcrum Utility Services Limited provides multi-utility infrastructure and related services in the United Kingdom. The company operates through three segments: Infrastructure Services, Utility Asset Ownership, and Dunamis. It designs and constructs gas infrastructure for industrial, commercial, and domestic housing developments; and electrical infrastructure, including high voltage projects, as well as provides a range of electrical maintenance and operational services. The company also installs, adopts, owns, and operates smart meters. In addition, it is involved in the transportation of gas and electricity; and owning and operating domestic, industrial, and commercial electrical infrastructure. Further, the company’s services include gas connection and disconnection, gas outlet pipework, electricity connection, electrical connection and maintenance, electrical design, dual fuel connection, multi utility connection, fuel conversion, and smart metering, and specialist gas services, as well as electric vehicles charging services. It serves residential, industrial, commercial, and mixed-use developers, as well as one-off connection sector. Fulcrum Utility Services Limited was incorporated in 2008 and is headquartered in Sheffield, the United Kingdom.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/11 21:02 |
| End of Day Share Price | 2020/07/10 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.