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FW Thorpe Plc
(LSE:TFW)
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Rating:72Outperform
Price Target:
281.00 p
▲(10.20% Upside)
Action:Upgraded
Date:08/04/26
The score is driven primarily by strong underlying financial quality (profitability and low leverage), supported by reasonable valuation (moderate P/E and solid dividend yield). This is partially offset by weaker technicals (below key moving averages and negative MACD) and modestly positive but incremental corporate events (ongoing buybacks).
Positive Factors
Strong balance sheet / low leverage
Low financial leverage and a robust equity ratio provide durable financial flexibility. This reduces refinancing risk, supports capital investment or opportunistic M&A, and underpins resilience through project cycles common in industrial engineering markets.
Negative Factors
Recent negative revenue growth
A declining top line signals challenges in securing orders or price/mix pressures. For a project-driven engineer, falling revenue can compress future backlog and reduce scale benefits, making it harder to sustain margins and investment levels over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet / low leverage
Low financial leverage and a robust equity ratio provide durable financial flexibility. This reduces refinancing risk, supports capital investment or opportunistic M&A, and underpins resilience through project cycles common in industrial engineering markets.
Read all positive factors
FW Thorpe Plc (TFW) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£289.12M
Dividend Yield2.65%
Average Volume (3M)58.99K
Price to Earnings (P/E)11.8
Beta (1Y)0.20
Revenue Growth-2.13%
EPS Growth3.94%
CountryUK
Employees900
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.22
Shares Outstanding112,061,905
10 Day Avg. Volume67,282
30 Day Avg. Volume58,993
Financial Highlights & Ratios
PEG Ratio3.06
Price to Book (P/B)1.98
Price to Sales (P/S)2.14
P/FCF Ratio12.85
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FW Thorpe Plc Business Overview & Revenue Model
Company Description
FW Thorpe Plc, along with its various operating companies, stands as a global leader in the design, production, and distribution of professional lighting equipment, serving customers across the United Kingdom, the Netherlands, other European natio...
How the Company Makes Money
FW Thorpe Plc makes money primarily by selling engineered products and project-based systems through its operating subsidiaries. Revenue is typically generated from (1) manufacturing and supply of bespoke electrical/electronic equipment (e.g., eng...
FW Thorpe Plc Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
80
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 173.20M | 175.22M | 175.80M | 176.75M | 143.72M | 117.88M |
| Gross Profit | 82.11M | 79.75M | 85.44M | 73.40M | 60.06M | 53.06M |
| EBITDA | 42.79M | 42.73M | 37.86M | 36.54M | 31.09M | 25.82M |
| Net Income | 25.52M | 25.41M | 24.31M | 21.93M | 20.07M | 15.81M |
Balance Sheet | ||||||
| Total Assets | 238.53M | 247.94M | 238.90M | 228.02M | 206.65M | 181.80M |
| Cash, Cash Equivalents and Short-Term Investments | 59.50M | 63.39M | 56.34M | 36.28M | 42.38M | 77.67M |
| Total Debt | 4.93M | 7.93M | 4.16M | 16.62M | 5.18M | 661.00K |
| Total Liabilities | 52.49M | 58.15M | 62.13M | 67.68M | 61.30M | 44.81M |
| Stockholders Equity | 186.05M | 189.79M | 176.76M | 160.34M | 145.35M | 136.99M |
Cash Flow | ||||||
| Free Cash Flow | 28.09M | 29.22M | 34.08M | 22.52M | 12.33M | 17.48M |
| Operating Cash Flow | 34.09M | 34.82M | 41.37M | 32.52M | 20.20M | 22.16M |
| Investing Cash Flow | -2.80M | -9.19M | -28.32M | -23.29M | -24.19M | -6.06M |
| Financing Cash Flow | -22.12M | -16.41M | -13.81M | -9.57M | -12.92M | -7.14M |
FW Thorpe Plc Technical Analysis
Positive
255.00
Price Trends
258.40
Positive
258.61
Positive
263.97
Positive
Market Momentum
1.13
Negative
53.69
Neutral
42.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TFW, the sentiment is Positive. The current price of 255 is below the 20-day moving average (MA) of 259.73, below the 50-day MA of 258.40, and below the 200-day MA of 263.97, indicating a bullish trend. The MACD of 1.13 indicates Negative momentum. The RSI at 53.69 is Neutral, neither overbought nor oversold. The STOCH value of 42.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:TFW.
FW Thorpe Plc Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | £289.12M | 11.80 | 13.58% | 2.65% | -2.13% | 3.94% | |
71 Outperform | £1.10B | 23.44 | 15.29% | 0.76% | 8.85% | 29.67% | |
65 Neutral | £337.53M | 17.03 | 20.71% | 2.69% | 11.92% | 41.55% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
55 Neutral | £507.01M | -57.61 | -4.89% | 0.04% | -1.21% | 46.27% | |
52 Neutral | £10.24M | 44.54 | 1.42% | 1.29% | 19.87% | ― | |
47 Neutral | £224.74M | -18.53 | -33.79% | 1.60% | -13.43% | ― |
* Industrials Sector Average
GB:TFW
FW Thorpe Plc
264.00
-32.96
-11.10%
GB:DIA
Dialight
560.00
326.00
139.32%
GB:LPA
LPA Group plc
77.50
27.50
55.00%
GB:LUCE
Luceco plc
223.00
108.77
95.22%
GB:VLX
Volex plc
630.00
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GB:XPP
XP Power
1,850.00
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108.10%
FW Thorpe Plc Corporate Events
Stock BuybackRegulatory Filings and Compliance
FW Thorpe Buys Back 50,000 Shares and Updates Voting Rights
Positive
Jul 1, 2026
FW Thorpe has repurchased 50,000 of its ordinary shares at a volume weighted average price of 253 pence, with all the acquired shares to be held in treasury. Following this transaction, the company’s issued share capital remains at 118,935,5...
Stock BuybackRegulatory Filings and Compliance
FW Thorpe Buys Back 60,000 Shares, Updates Voting Rights
Positive
Jun 30, 2026
FW Thorpe has repurchased 60,000 of its ordinary shares at a volume weighted average price of 255 pence per share, with all bought-back shares to be held in treasury. Following this transaction, the company’s issued share capital stands at 1...
Business Operations and StrategyStock BuybackFinancial Disclosures
FW Thorpe Tightens Capital Base with New Share Buyback
Positive
Jun 22, 2026
FW Thorpe has repurchased 65,000 of its ordinary shares at a volume-weighted average price of 254.77 pence, with the shares to be held in treasury, indicating continued use of capital management through buybacks. Following this transaction, the co...
Stock BuybackRegulatory Filings and Compliance
FW Thorpe Buys Back 50,000 Shares, Updates Voting Rights
Positive
May 7, 2026
FW Thorpe Plc has repurchased 50,000 of its ordinary shares at a volume-weighted average price of 255 pence, with all acquired shares to be held in treasury. Following this transaction, the company’s issued share capital stands at 118,935,59...
Stock BuybackRegulatory Filings and Compliance
FW Thorpe Buys Back 100,000 Shares, Updates Voting Rights
Neutral
May 6, 2026
FW Thorpe Plc has executed a share buyback, purchasing 100,000 of its ordinary shares at a volume weighted average price of 255.00 pence, with all repurchased shares to be held in treasury. Following this transaction, the company’s issued sh...
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.