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James Fisher & Sons (FSJ) AI Stock Analysis
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James Fisher & Sons
(LSE:FSJ)
The score is held back primarily by volatile profitability (including a return to losses in 2025) and a weak technical setup with the stock trading below key moving averages. This is partly offset by improving cash generation and a constructive latest earnings update showing stronger Defence performance, better order visibility, and improved 1H 2026 profitability, though Energy weakness and uncertainty remain meaningful risks.
James Fisher & Sons (FSJ) vs. iShares MSCI United Kingdom ETF (EWC)
- Market Cap
- GBP 226.68M
- Dividend Yield
- ―
- Average Volume (3M)
- 57.79K
- Price to Earnings (P/E)
- -78.4
- Beta (1Y)
- 0.38
- Revenue Growth
- -2.38%
- EPS Growth
- -106.47%
- Country
- UK
- Employees
- 1,947
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Marine Shipping
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 co...
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 (e.g...
James Fisher & Sons Earnings Call Summary
The call was broadly positive, with strong growth in Defence and Maritime Transport, substantial improvement in group operating profit, stronger order visibility, progress on the turnaround, and unchanged full-year expectations. These positives outweighed the significant Energy division downturn, geopolitical and policy-driven project delays, and the company's continued position below its medium-term margin and ROCE targets.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
The board’s overall expectation for the full year remain unchanged “If we assume no material worsening and disruptions in the energy markets”; good momentum in Defence and Maritime Transport is expected to continue across the second half, while challenging market conditions in Energy are expected to remain through the second half. The company said it will meet consensus, provided the energy market doesn't worsen. Its financial targets are 10% underlying operating profit and 15% ROCE, but it hasn't given a timeline associated with the targets; Defence was at a run rate which brought it close to our 10% UOP target range, and ROCE pre-tax is actually over 13%.
James Fisher & Sons Financial Statement Overview
Summary
Fundamentals are mixed. Earnings have been volatile with a step-down from strong 2024 profitability to a small 2025 loss and continued revenue decline, while leverage remains meaningful for a cyclical business. Offsetting this, operating cash flow stayed positive and improved, with free cash flow rising strongly, supporting resilience despite uneven profitability.
Income Statement
46NeutralBalance Sheet
44NeutralCash Flow
63Positive| 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
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:FSJ, the sentiment is Positive. The current price of 449.00 is above the 20-day moving average (MA) of 439.85, above the 50-day MA of 436.40, and below the 200-day MA of 463.01, indicating a neutral trend. The MACD of 5.25 indicates Negative momentum. The RSI at 54.40 is Neutral, neither overbought nor oversold. The STOCH value of 77.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:FSJ.
James Fisher & Sons Peers Comparison
Overall Rating
GB:BBY80Outperform
GB:HSP79Outperform
GB:CKN73Outperform
GB:SRP62Neutral- GB:FSJ54Neutral
GB:BMS50Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| GB:BBY | 80Outperform | GBP 4.00B | 16.17 | 22.88% | 1.69% | 12.13% | 47.64% |
| GB:HSP | 79Outperform | GBP 267.74M | 8.99 | 15.42% | 4.59% | 32.88% | 108.13% |
| GB:CKN | 73Outperform | GBP 1.57B | 20.18 | 14.50% | 2.25% | 15.10% | 2.67% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| GB:SRP | 62Neutral | GBP 2.75B | 18.75 | 17.55% | 1.61% | 1.20% | 221.80% |
| GB:FSJ | 54Neutral | GBP 226.59M | -78.36 | -1.54% | ― | -2.38% | -106.47% |
| GB:BMS | 50Neutral | GBP 73.83M | 32.26 | 2.74% | 3.04% | -4.40% | -62.70% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| GB:FSJ | James Fisher & Sons | 449.00 | 49.00 | 12.25% | |
| GB:CKN | Clarkson Plc | 5065.00 | 1571.59 | 44.99% | |
| GB:BBY | Balfour Beatty | 857.00 | 194.54 | 29.37% | |
| GB:BMS | Braemar Shipping Services | 230.00 | -2.55 | -1.09% | |
| GB:HSP | Hargreaves Services | 872.00 | 242.33 | 38.48% | |
| GB:SRP | Serco Group plc | 288.20 | 41.09 | 16.63% |
James Fisher & Sons Corporate Events
James Fisher lifts margins on strong Defence and transport as Energy markets soften
PositiveJames 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 operating...
James Fisher plans analyst and retail investor briefings for half-year results
PositiveJames 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 meeting...
James Fisher lifts margins as Defence and Maritime offset Energy weakness
PositiveJames 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 leverage r...
James Fisher CEO Exercises Options Under Sharesave Scheme
NeutralJames 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 relate...
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.
Date of analysis: Sep 11, 2026