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Foresight Group Holdings Ltd.
(LSE:FSG)
Select Model
Select Model
Rating:74Outperform
Price Target:
503.00 p
▲(1.11% Upside)
Action:Reiterated
Date:10/01/26
The score is driven primarily by strong financial performance (high and improving margins and very strong returns), supported by attractive valuation (low P/E and high dividend yield). These positives are tempered by mixed technical momentum (negative MACD and trading below the 50-day average) and financial watch-items including slowing revenue growth, declining free cash flow in the latest year, and rising leverage.
Positive Factors
Expanding profitability
Expanding operating and net margins indicate stronger profitability in the core business and provide more earnings from each unit of revenue. If sustained, this improves reinvestment capacity, supports resilient returns, and gives the asset manager greater flexibility across market cycles.
Negative Factors
Slowing revenue growth
A sharp slowdown in revenue growth can constrain the pace at which assets under management, fees, and operating earnings expand. For an asset manager, weaker top-line momentum may signal less support for future investment in products, distribution, and long-term franchise growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Expanding profitability
Expanding operating and net margins indicate stronger profitability in the core business and provide more earnings from each unit of revenue. If sustained, this improves reinvestment capacity, supports resilient returns, and gives the asset manager greater flexibility across market cycles.
Read all positive factors
Foresight Group Holdings Ltd. (FSG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£519.70M
Dividend Yield5.75%
Average Volume (3M)375.23K
Price to Earnings (P/E)12.4
Beta (1Y)1.16
Revenue Growth7.26%
EPS Growth30.92%
CountryUK
Employees441
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.38
Shares Outstanding111,081,960
10 Day Avg. Volume489,292
30 Day Avg. Volume375,225
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)4.18
Price to Sales (P/S)2.41
P/FCF Ratio9.38
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£650.00Price Target Upside30.65% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.5
Revenue Forecast (FY)£178.40M
Foresight Group Holdings Ltd. Business Overview & Revenue Model
Company Description
Operating as an investment manager focused on infrastructure and private equity, Foresight Group Holdings Limited extends its reach across the United Kingdom, Italy, Luxembourg, Spain, and Australia. The company organizes its activities into three...
How the Company Makes Money
FSG primarily makes money by earning fees for managing client and fund capital and, where applicable, by sharing in investment performance. Its main revenue stream is recurring management fees (typically calculated as a percentage of assets under ...
Foresight Group Holdings Ltd. Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 165.29M | 153.99M | 141.33M | 119.16M | 86.32M |
| Gross Profit | 140.52M | 146.20M | 134.02M | 107.64M | 77.73M |
| EBITDA | 62.91M | 48.01M | 41.31M | 35.89M | 30.75M |
| Net Income | 42.83M | 33.24M | 26.43M | 23.63M | 25.08M |
Balance Sheet | |||||
| Total Assets | 183.39M | 167.15M | 153.33M | 144.60M | 98.86M |
| Cash, Cash Equivalents and Short-Term Investments | 41.81M | 43.25M | 45.00M | 39.76M | 54.29M |
| Total Debt | 31.17M | 19.44M | 7.77M | 12.38M | 14.10M |
| Total Liabilities | 88.08M | 81.88M | 64.76M | 67.36M | 40.27M |
| Stockholders Equity | 95.30M | 85.27M | 88.57M | 77.24M | 58.59M |
Cash Flow | |||||
| Free Cash Flow | 42.51M | 41.69M | 43.88M | 50.76M | 24.50M |
| Operating Cash Flow | 47.24M | 44.12M | 44.67M | 51.39M | 25.07M |
| Investing Cash Flow | -8.32M | -2.94M | -5.65M | -46.14M | -865.00K |
| Financing Cash Flow | -39.92M | -43.38M | -33.78M | -19.77M | -9.35M |
Foresight Group Holdings Ltd. Technical Analysis
Positive
497.50
Price Trends
453.11
Positive
448.60
Positive
417.97
Positive
Market Momentum
6.43
Negative
63.05
Neutral
88.30
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:FSG, the sentiment is Positive. The current price of 497.5 is above the 20-day moving average (MA) of 452.75, above the 50-day MA of 453.11, and above the 200-day MA of 417.97, indicating a bullish trend. The MACD of 6.43 indicates Negative momentum. The RSI at 63.05 is Neutral, neither overbought nor oversold. The STOCH value of 88.30 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:FSG.
Foresight Group Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £860.81M | 8.35 | 11.59% | 6.72% | 37.81% | 83.65% | |
74 Outperform | £519.70M | 12.41 | 46.72% | 5.75% | 7.26% | 30.92% | |
73 Outperform | £540.06M | 11.30 | 8.17% | 6.50% | -5.11% | -7.96% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | £5.31B | 11.11 | 18.00% | 4.69% | 6.46% | 6.47% | |
66 Neutral | £3.72B | 127.10 | 2.71% | 3.52% | 36.24% | -53.64% |
* Financial Sector Average
GB:FSG
Foresight Group Holdings Ltd.
471.50
36.97
8.51%
GB:ICG
ICG plc
1,855.00
5.80
0.31%
GB:JUP
Jupiter Fund Management Plc
174.00
32.04
22.57%
GB:BPT
Bridgepoint Group Plc
411.80
120.92
41.57%
GB:POLN
Pollen Street Group Limited
915.00
90.09
10.92%
Foresight Group Holdings Ltd. Corporate Events
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Foresight Group Adds 50,000 Shares to Treasury in Ongoing Buyback
Positive
Sep 25, 2026
Foresight Group Holdings has continued to execute its share buyback programme, repurchasing 50,000 ordinary shares between 18 and 24 September 2026 on the London Stock Exchange at prices ranging from 430.00p to 450.00p. The transactions, carried o...
Business Operations and StrategyStock Buyback
Foresight Group Adds 50,000 Shares to Treasury in Ongoing Buyback
Positive
Sep 18, 2026
Foresight Group Holdings Limited, a FTSE 250 investment manager in real assets and growth capital, operates across the UK, Europe and Australia, offering funds and solutions that back the energy transition, decarbonisation and nature-focused proje...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Foresight Group Updates Market on Progress of Ongoing Share Buyback Programme
Positive
Sep 11, 2026
Foresight Group Holdings Ltd., a FTSE 250 real-assets and growth-capital investment manager operating across the UK, Europe and Australia, specialises in funds and solutions aligned with energy transition, decarbonisation and nature recovery. Its ...
Business Operations and StrategyM&A Transactions
Foresight Group Sells Public Markets Arm to Refocus on Real Assets and Private Equity
Positive
Sep 7, 2026
Foresight Group Holdings Limited has completed the sale of its public markets investment arm, Foresight Capital Management, to Guinness Global Investors. The transaction transfers all FCM funds to the buyer and leaves minimal stranded costs, allow...
Stock BuybackRegulatory Filings and Compliance
Foresight Group Adds 40,000 Shares to Treasury in Ongoing Buyback
Neutral
Sep 4, 2026
Foresight Group Holdings has continued to execute its share buyback programme, repurchasing 40,000 ordinary shares between 28 August and 3 September 2026 through Berenberg at volume-weighted average prices ranging from about 466p to 501p per share...
Business Operations and StrategyRegulatory Filings and Compliance
Foresight Group Updates Total Voting Rights to Aid FCA Disclosure Compliance
Neutral
Sep 1, 2026
Foresight Group Holdings Limited reported that as of 31 August 2026 its issued share capital comprised 116,347,803 ordinary shares, of which 4,930,939 are held in treasury without voting rights. This leaves a total of 111,416,864 voting rights in ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Foresight Group Expands Share Buyback, Updates Voting Share Count
Positive
Aug 28, 2026
Foresight Group Holdings Limited has continued to execute its previously announced share buyback programme, repurchasing 48,663 ordinary shares on the London Stock Exchange between 21 and 27 August 2026 at prices broadly around 495–504 pence...
Stock BuybackRegulatory Filings and Compliance
Foresight Group Adds to Treasury Stock as Share Buyback Continues
Neutral
Aug 21, 2026
Foresight Group Holdings Limited has continued to execute its share buyback programme, repurchasing a total of 49,746 ordinary shares between 14 and 20 August 2026 at prices ranging from 489.00p to 505.00p per share, with the shares to be held in ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Foresight Group Adds to Treasury Stock as Share Buyback Progresses
Positive
Aug 14, 2026
Foresight Group Holdings has continued to execute its share buyback programme, repurchasing 50,000 ordinary shares between 7 and 13 August 2026 at prices around 497–506 pence per share through broker Berenberg. Once settled, these shares wil...
Business Operations and StrategyRegulatory Filings and Compliance
Foresight Group Partners Boost Equity Stakes Through Performance Share Plan
Positive
Aug 11, 2026
Foresight Group Holdings Ltd., a FTSE 250 constituent, is a specialist investment manager in real assets and growth capital, operating across the U.K., Europe and Australia. The firm structures private and public funds and retail investment soluti...
Other
Foresight Director Increases Stake with £100k Share Purchase
Positive
Aug 11, 2026
Foresight Group Holdings Limited reported that non-executive director and PDMR John Le Poidevin has acquired 19,875 ordinary shares in the company on the London Stock Exchange’s Main Market. The transaction, valued at about £100,586, si...
Stock BuybackRegulatory Filings and Compliance
Foresight Group Tightens Free Float With Additional Treasury Share Buybacks
Positive
Aug 7, 2026
Foresight Group Holdings Limited has continued to execute its previously announced share buyback programme, repurchasing a series of tranches of ordinary shares between 31 July and 6 August 2026 via Berenberg at prices generally in the mid- to hig...
Business Operations and StrategyRegulatory Filings and Compliance
Foresight Group Reports No New Share Issuances Under Performance Plan
Positive
Aug 5, 2026
Foresight Group Holdings Limited, a listed investment management firm, administers a Company Performance Share Plan to incentivise employees and executives with equity-linked awards. This scheme underscores the firm’s focus on aligning staff...
Executive/Board ChangesStock BuybackDividendsShareholder Meetings
Foresight Group AGM Resolutions Pass as Investors Flag Governance Concerns
Neutral
Aug 4, 2026
Foresight Group Holdings Ltd. has confirmed that all resolutions at its 31 July Annual General Meeting were passed, including approval of the 19 pence final dividend, director reappointments, auditor mandates and authorities to allot shares, disap...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Foresight Group Refreshes Audit Leadership as Long-Serving Director Steps Down
Neutral
Aug 3, 2026
Foresight Group Holdings Ltd., a FTSE 250 investment manager specialising in real assets and growth capital across the UK, Europe and Australia, focuses on investment solutions that back the energy transition, decarbonisation and nature recovery w...
Regulatory Filings and Compliance
Foresight Group Updates Market on Total Voting Rights and Share Capital
Neutral
Aug 3, 2026
Foresight Group Holdings Limited reported that as of 31 July 2026 its issued share capital comprised 116,347,803 ordinary shares, of which 5,371,603 are held in treasury without voting rights. This leaves a total of 110,976,200 voting rights, a ke...
Executive/Board ChangesStock BuybackDividendsFinancial DisclosuresShareholder Meetings
Foresight Group investors back all AGM resolutions but signal dissent on director
Positive
Aug 3, 2026
Foresight Group Holdings Ltd., a FTSE 250 investment manager specialising in real assets and growth capital across the UK, Europe and Australia, offers a mix of private and public funds as well as retail-focused products. Its strategies are geared...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Foresight Group Adds to Treasury Stock as Share Buyback Programme Advances
Positive
Jul 31, 2026
Foresight Group Holdings Ltd. has continued to execute its share buyback programme, repurchasing a total of 189,873 ordinary shares between 24 and 30 July 2026 through Berenberg at prices ranging roughly between 461.00p and 486.50p per share. Once...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Foresight Group Expands Treasury Stock with Ongoing Share Buyback
Positive
Jul 24, 2026
Foresight Group Holdings has continued to execute its share buyback programme, repurchasing a total of 132,378 ordinary shares between 17 and 23 July 2026 at prices ranging roughly from 458.50p to 484.50p per share through broker Berenberg. The re...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Foresight Group Expands Treasury Stock With Ongoing Share Buyback
Positive
Jul 17, 2026
Foresight Group has continued its share buyback programme, repurchasing a total of 214,238 ordinary shares between 10 and 16 July 2026 at prices ranging from 445.50p to 475.00p, with all acquired shares to be held in treasury and stripped of votin...
Stock BuybackRegulatory Filings and Compliance
Foresight Group Adds to Treasury Stock Under Ongoing Share Buyback
Neutral
Jul 10, 2026
Foresight Group Holdings has continued its ongoing share buyback programme, repurchasing 98,155 ordinary shares between 3 and 9 July 2026 at prices ranging from 438p to 465p, which will be held in treasury without voting rights. Following these tr...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Foresight Group Expands Treasury Stock Through Ongoing Share Buyback
Positive
Jul 3, 2026
Foresight Group Holdings has continued executing its share buyback programme, repurchasing tranches of ordinary shares on the London Stock Exchange between 26 June and 2 July 2026 at prices ranging from about 398.5p to 446p per share. Once settled...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.