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James Fisher & Sons
(LSE:FSJ)
Select Model
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Rating:51Neutral
Price Target:
478.00 p
▲(8.14% Upside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by weakened profitability in 2025 and meaningful leverage for a cyclical business, partially offset by improved operating and free cash flow. Technical indicators are broadly neutral, while valuation is pressured by negative earnings (negative P/E) and no provided dividend yield.
Positive Factors
Cash generation
Consistent and improved cash generation in 2025 (OCF £60.8m, FCF £35.8m) provides durable internal funding. This strengthens the firm's ability to service debt, invest in assets and working capital, and weather cyclical downturns without immediate external financing.
Negative Factors
Leverage level
Meaningful leverage for a cyclical marine-services business limits financial flexibility. Debt slightly above equity raises refinancing and liquidity risk in downturns, constrains strategic investment or M&A, and means balance-sheet repair depends on sustained cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Consistent and improved cash generation in 2025 (OCF £60.8m, FCF £35.8m) provides durable internal funding. This strengthens the firm's ability to service debt, invest in assets and working capital, and weather cyclical downturns without immediate external financing.
Read all positive factors
James Fisher & Sons (FSJ) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£229.62M
Dividend Yield2.74%
Average Volume (3M)68.52K
Price to Earnings (P/E)―
Beta (1Y)0.23
Revenue Growth-2.38%
EPS Growth-106.46%
CountryUK
Employees1,947
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)-0.06
Shares Outstanding50,621,500
10 Day Avg. Volume44,352
30 Day Avg. Volume68,518
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)1.01
Price to Sales (P/S)0.48
P/FCF Ratio5.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£835.00Price Target Upside88.91% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.21
Revenue Forecast (FY)£406.13M
James Fisher & Sons Business Overview & Revenue Model
Company Description
James Fisher and Sons plc offers a comprehensive array of marine and specialized engineering services across the globe. Its business is structured into four distinct divisions: Marine Support, Specialist Technical, Offshore Oil, and Tankships. The...
How the Company Makes Money
FSJ makes money primarily by providing specialist services under commercial contracts to customers in marine and energy-related end markets. Revenue is generated from (1) project-based work where the company is paid for delivering defined scopes (...
James Fisher & Sons Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
44
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 398.40M | 394.40M | 437.70M | 496.20M | 478.10M | 442.40M |
| Gross Profit | 132.50M | 128.40M | 133.00M | 135.90M | 127.20M | 103.60M |
| EBITDA | 72.00M | 63.80M | 112.40M | 24.40M | 64.90M | 21.80M |
| Net Income | -2.90M | -4.40M | 46.30M | -62.40M | -11.10M | -27.80M |
Balance Sheet | ||||||
| Total Assets | 590.00M | 514.00M | 511.30M | 558.20M | 609.00M | 624.90M |
| Cash, Cash Equivalents and Short-Term Investments | 89.80M | 59.50M | 86.20M | 77.50M | 53.60M | 68.00M |
| Total Debt | 269.60M | 202.90M | 194.10M | 279.00M | 242.10M | 253.50M |
| Total Liabilities | 400.20M | 326.70M | 321.00M | 409.60M | 390.70M | 414.30M |
| Stockholders Equity | 189.30M | 186.80M | 189.90M | 148.00M | 217.80M | 209.90M |
Cash Flow | ||||||
| Free Cash Flow | 31.70M | 35.80M | 17.60M | 6.60M | 11.50M | 25.30M |
| Operating Cash Flow | 52.20M | 60.80M | 49.30M | 37.80M | 44.50M | 48.90M |
| Investing Cash Flow | -20.60M | -28.50M | 79.70M | -4.70M | -15.80M | -1.90M |
| Financing Cash Flow | -33.60M | -29.50M | -131.60M | -27.40M | -40.10M | -26.10M |
James Fisher & Sons Technical Analysis
Negative
442.00
Price Trends
459.86
Negative
470.39
Negative
453.08
Negative
Market Momentum
-6.24
Positive
44.48
Neutral
49.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:FSJ, the sentiment is Negative. The current price of 442 is below the 20-day moving average (MA) of 452.50, below the 50-day MA of 459.86, and below the 200-day MA of 453.08, indicating a bearish trend. The MACD of -6.24 indicates Positive momentum. The RSI at 44.48 is Neutral, neither overbought nor oversold. The STOCH value of 49.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:FSJ.
James Fisher & Sons Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | £259.15M | 8.85 | 15.42% | 4.43% | 32.88% | 117.23% | |
73 Outperform | £1.55B | 19.84 | 14.50% | 2.29% | 15.10% | 2.67% | |
70 Outperform | £4.09B | 16.42 | 22.88% | 1.69% | 12.13% | 47.64% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | £2.44B | 16.41 | 17.55% | 1.84% | 1.20% | 221.80% | |
61 Neutral | £73.83M | 30.72 | 2.74% | 3.20% | -4.40% | -62.70% | |
51 Neutral | £229.62M | -50.86 | -2.37% | 2.74% | -2.38% | -106.46% |
* Industrials Sector Average
GB:FSJ
James Fisher & Sons
443.00
117.00
35.89%
GB:CKN
Clarkson
4,980.00
1,598.97
47.29%
GB:BBY
Balfour Beatty
870.50
269.43
44.83%
GB:BMS
Braemar Shipping Services
219.00
-23.24
-9.59%
GB:HSP
Hargreaves Services
858.00
177.26
26.04%
GB:SRP
Serco Group plc
252.20
35.19
16.22%
James Fisher & Sons Corporate Events
Business Operations and StrategyFinancial Disclosures
James Fisher lifts margins as Defence and Maritime offset Energy weakness
Positive
Jul 29, 2026
James Fisher reported first-half performance in line with expectations, with revenue of around £190 million and underlying operating profit of about £13 million, reflecting margin improvement and net debt at the top of its target leverag...
Other
James Fisher CEO Exercises Options Under Sharesave Scheme
Neutral
Jul 10, 2026
James Fisher and Sons plc has disclosed that chief executive officer Jean Vernet has exercised options under the company’s 2023 Sharesave Scheme, acquiring 5,357 ordinary shares at an option price of £3.36 per share. The transaction rel...
Executive/Board ChangesRegulatory Filings and Compliance
James Fisher CEO retains shares after LTIP vesting and tax sale
Positive
Jun 9, 2026
James Fisher and Sons has reported that its chief executive officer, Jean Vernet, received 33,950 ordinary shares upon the vesting of a conditional award granted in 2023 under the company’s 2021 Long Term Incentive Plan. To meet tax obligati...
Business Operations and Strategy
James Fisher to Showcase Defence Division at London Investor Event
Positive
May 22, 2026
James Fisher and Sons will host an investor event focused on its Defence division in London on 4 June 2026, targeting institutional investors and analysts. The session will outline the markets the division serves, its life-saving underwater capabi...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
James Fisher & Sons grants CEO options under all-employee Sharesave scheme
Positive
May 18, 2026
James Fisher Sons has granted its chief executive officer, Jean Vernet, options over 4,164 ordinary shares under the company’s all-employee Sharesave scheme, at an exercise price of £4.37 per share and an expected maturity date of 1 Ju...
Business Operations and StrategyStock BuybackShareholder Meetings
James Fisher and Sons Wins Strong Shareholder Backing at 2026 AGM
Positive
May 13, 2026
James Fisher and Sons plc reported that all 18 resolutions put to shareholders at its annual general meeting on 13 May 2026 were approved, reflecting strong investor support for the board and its strategy. Shareholders backed the 2025 annual repor...
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.