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James Fisher & Sons
(LSE:FSJ)
Select Model
Select Model
Rating:51Neutral
Price Target:
432.00 p
▼(-2.26% Downside)
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
Improving Cash Generation
Positive operating cash flow across all years shown, together with a sharp 2025 improvement in free cash flow, supports the company’s ability to fund operations internally. Sustained cash conversion could gradually strengthen financial resilience and provide greater flexibility for debt reduction or investment.
Negative Factors
Revenue Contraction
Recent revenue contraction shows that demand or activity levels have not yet produced dependable top-line expansion. Continued declines would reduce operating leverage and make it harder to absorb fixed costs, invest in specialist capabilities, or rebuild profitability over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Cash Generation
Positive operating cash flow across all years shown, together with a sharp 2025 improvement in free cash flow, supports the company’s ability to fund operations internally. Sustained cash conversion could gradually strengthen financial resilience and provide greater flexibility for debt reduction or investment.
Read all positive factors
James Fisher & Sons (FSJ) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£225.08M
Dividend Yield2.74%
Average Volume (3M)70.85K
Price to Earnings (P/E)―
Beta (1Y)0.25
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. Volume49,820
30 Day Avg. Volume70,852
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)£409.34M
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
459.54
Negative
469.96
Negative
453.43
Negative
Market Momentum
-5.82
Negative
46.24
Neutral
51.16
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 451.35, below the 50-day MA of 459.54, and below the 200-day MA of 453.43, indicating a bearish trend. The MACD of -5.82 indicates Negative momentum. The RSI at 46.24 is Neutral, neither overbought nor oversold. The STOCH value of 51.16 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | £4.03B | 15.85 | 22.88% | 1.67% | 12.13% | 47.64% | |
79 Outperform | £259.15M | 8.76 | 15.42% | 4.47% | 32.88% | 117.23% | |
73 Outperform | £1.54B | 19.83 | 14.50% | 2.29% | 15.10% | 2.67% | |
68 Neutral | £2.42B | 16.17 | 17.55% | 1.87% | 1.20% | 221.80% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | £71.26M | 31.84 | 2.74% | 3.08% | -4.40% | -62.70% | |
51 Neutral | £225.08M | -75.04 | -1.54% | 2.74% | -2.38% | -106.46% |
* Industrials Sector Average
GB:FSJ
James Fisher & Sons
430.00
83.00
23.92%
GB:CKN
Clarkson
4,978.00
1,538.34
44.72%
GB:BBY
Balfour Beatty
840.00
229.11
37.50%
GB:BMS
Braemar Shipping Services
227.00
-19.11
-7.77%
GB:HSP
Hargreaves Services
850.00
169.26
24.86%
GB:SRP
Serco Group plc
248.60
29.23
13.33%
James Fisher & Sons Corporate Events
Business Operations and StrategyFinancial Disclosures
James Fisher lifts margins on strong Defence and transport as Energy markets soften
Positive
Sep 8, 2026
James Fisher and Sons reported first-half 2026 results showing modest revenue growth but a strong improvement in profitability, driven by margin gains and better return on capital. Group revenue rose 2.1% to £195.9 million, underlying operati...
Business Operations and StrategyFinancial Disclosures
James Fisher plans analyst and retail investor briefings for half-year results
Positive
Aug 10, 2026
James Fisher and Sons plc, a leading marine services provider, plans to release its half-year results for the six months to 30 June 2026 on 8 September. The Group is emphasising engagement with the analyst community by organising a dedicated meeti...
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...
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.