AIM:FCRM

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Fulcrum Utility Services

Executive Summary

Fulcrum Utility Services Limited provides multi-utility infrastructure and related services in the United Kingdom. More Details


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

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 is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: FCRM's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-2.4%

FCRM

1.8%

GB Gas Utilities

-0.4%

GB Market


1 Year Return

54.2%

FCRM

-9.2%

GB Gas Utilities

-10.0%

GB Market

Return vs Industry: FCRM exceeded the UK Gas Utilities industry which returned -9.2% over the past year.

Return vs Market: FCRM exceeded the UK Market which returned -10.1% over the past year.


Shareholder returns

FCRMIndustryMarket
7 Day-2.4%1.8%-0.4%
30 Day1.9%18.3%13.6%
90 Day31.0%10.9%6.4%
1 Year54.2%54.2%-3.9%-9.2%-6.4%-10.0%
3 Year-28.8%-36.3%15.3%-0.8%1.6%-10.9%
5 Year83.5%54.2%31.4%-3.9%27.5%-1.5%

Long-Term 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

Valuation

Is Fulcrum Utility Services undervalued compared to its fair value and its price relative to the market?

58.84x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FCRM's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate FCRM's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FCRM is poor value based on its PE Ratio (58.8x) compared to the XE Gas Utilities industry average (14.3x).

PE vs Market: FCRM is poor value based on its PE Ratio (58.8x) compared to the UK market (21.2x).


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 is overvalued based on its PB Ratio (2x) compared to the XE Gas Utilities industry average (1.6x).


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?

5.3%

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

Past Performance

How has Fulcrum Utility Services performed over the past 5 years?

-6.4%

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 (3.4%) are lower than last year (10%).


Past Earnings Growth Analysis

Earnings Trend: FCRM's earnings have declined by 6.4% per year over the past 5 years.

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 (-68.2%) over the past year, making it difficult to compare to the Gas Utilities industry average (9.8%).


Return on Equity

High ROE: FCRM's Return on Equity (3.4%) 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 (£35.5M) do not cover its short term liabilities (£50.6M).

Long Term Liabilities: FCRM's short term assets (£35.5M) exceed its long term liabilities (£7.4M).


Debt to Equity History and Analysis

Debt Level: FCRM's debt to equity ratio (21.6%) is considered satisfactory.

Reducing Debt: FCRM had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: FCRM's debt is not well covered by operating cash flow (16.5%).

Interest Coverage: FCRM's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Fulcrum Utility Services's current dividend yield, its reliability and sustainability?


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?

0.8yrs

Average management tenure


CEO

Daren Harris (54 yo)

0.83

Tenure

UK£174,000

Compensation

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,...


CEO Compensation Analysis

Compensation vs Market: Daren's total compensation ($USD231.92K) is below average for companies of similar size in the UK market ($USD344.85K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Daren Harris
CEO & Director0.83yrUK£174.00kno data
Terry Dugdale
Group COO & Executive Director0.83yrUK£36.00kno data
Jennifer Cutler
Chief Financial Officer0.083yrno datano data
Craig Baugh
Director of Strategy & Marketingno datano datano data
Jo Thompson
Head of People & Cultureno datano datano data
Richard Jupp
Divisional Managing Director of Dunamis & Maintechno datano datano data

0.8yrs

Average Tenure

50yo

Average Age

Experienced Management: FCRM's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Daren Harris
CEO & Director0.83yrUK£174.00kno data
Terry Dugdale
Group COO & Executive Director0.83yrUK£36.00kno data
Jeremy Brade
Non-Executive Director0.42yrno datano data
Philip Holder
Independent Non-Executive Chairmanno dataUK£146.00k0.47%
£ 435.1k
Jonathan Charles Turner
Non-Executive Director0.42yrno data3.89%
£ 3.6m
Stephen Gutteridge
Independent Non-Executive Director10.33yrsUK£45.00k0.049%
£ 45.0k
Jennifer Babington
Independent Non-Executive Director0.50yrno datano data

0.7yrs

Average Tenure

54yo

Average Age

Experienced Board: FCRM's board of directors are not considered experienced ( 0.7 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: FCRM insiders have only sold shares 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£91.619m
  • Shares outstanding: 222.11m
  • Website: https://investors.fulcrum.co.uk

Number of Employees


Location

  • Fulcrum Utility Services Limited
  • Sheffield Business Park
  • 2 Europa View
  • Sheffield
  • South Yorkshire
  • S9 1XH
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FCRMAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPDec 2009

Biography

Fulcrum Utility Services Limited provides multi-utility infrastructure and related services in the United Kingdom. The company operates through two segments, Infrastructure: Design and Build, and Utility a...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/28 19:08
End of Day Share Price2020/11/27 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.