Foresight Environmental Infrastructure Limited GBP (FGEN) AI Stock Analysis

• Market Cap: £452.54M
• Dividend Yield: 12.07%
• Average Volume (3M): 1.98M
• Price to Earnings (P/E): 62.5
• Beta (1Y): 0.63
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: N/A
• Sector: Utilities
• Sector Strength: 65
• Industry: Financial - Conglomerates
• EPS (TTM): 0.01
• Shares Outstanding: 623,338,300
• 10 Day Avg. Volume: 2,431,647
• 30 Day Avg. Volume: 1,979,805
• PEG Ratio: 2.08
• Price to Book (P/B): 0.69
• Price to Sales (P/S): -375.04
• P/FCF Ratio: -50.14
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: 64.00p ▼(-3.18% Downside)

The score is held down primarily by weak financial performance—volatile earnings with recent losses and consistently negative operating/free cash flow—despite a conservatively positioned, debt-free balance sheet. Technicals are neutral and do not offset the fundamental concerns, while valuation is mixed (very high P/E versus a very high dividend yield).

Foresight Environmental Infrastructure Limited GBP Business Overview & Revenue Model

Company Description

JLEN is an environmental infrastructure investment fund which aims to provide shareholders with a sustainable, progressive dividend, paid quarterly and to preserve the capital value of its portfolio on a real basis over the long term through the reinvestment of cash flows not required for the payment of dividends.

How the Company Makes Money

Foresight Environmental Infrastructure Limited GBP Financial Statement Overview

Summary

Balance sheet strength (zero debt and sizeable equity) is a key positive, but operating fundamentals are weak: earnings and revenue are volatile with losses in 2024–2025, and operating/free cash flow are negative every year shown, indicating persistent cash burn and low earnings quality.

Income Statement

Earnings and revenue show meaningful volatility. After strong profitability in 2021–2023 (with large positive net income in 2022–2023), the company swung to losses in 2024 and 2025, with revenue turning negative in both years. While 2025 shows an improvement versus 2024 (losses narrowed materially), the overall trajectory is inconsistent and reduces confidence in earnings quality and predictability.

Balance Sheet

The balance sheet appears conservatively positioned with zero reported debt across all periods, which materially lowers financial risk. Equity remains sizable (roughly £679m–£815m over the period), supporting asset backing. The key weakness is profitability on that equity base: returns have been negative in the last two years, indicating that despite low leverage, shareholder capital is not currently generating positive returns.

Cash Flow

Cash generation is a clear weak spot: operating cash flow and free cash flow are negative in every year shown (roughly -£6.3m to -£9.9m), with 2025 deteriorating versus 2024. The persistent cash burn limits financial flexibility and raises reliance on balance-sheet resources. While the business reports periods of accounting profits historically, those profits have not translated into positive operating cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	-1.25M	-1.25M	-12.29M	100.00M	186.25M	9.19M
Gross Profit	-1.25M	-1.25M	-12.29M	100.00M	186.25M	9.19M
EBITDA	-2.83M	-2.83M	-13.94M	98.30M	185.01M	8.10M
Net Income	-2.83M	-2.83M	-13.94M	98.30M	185.01M	8.10M
Balance Sheet
Total Assets	680.79M	680.79M	753.87M	817.09M	765.10M	505.98M
Cash, Cash Equivalents and Short-Term Investments	2.62M	2.62M	271.00K	143.00K	2.02M	1.87M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	2.09M	2.09M	2.65M	2.52M	2.19M	1.78M
Stockholders Equity	678.70M	678.70M	751.21M	814.57M	762.90M	504.20M
Cash Flow
Free Cash Flow	-9.35M	-9.35M	-9.86M	-9.59M	-7.68M	-6.57M
Operating Cash Flow	-9.35M	-9.35M	-9.86M	-9.59M	-7.68M	-6.57M
Investing Cash Flow	81.37M	81.37M	59.40M	54.50M	-65.87M	43.60M
Financing Cash Flow	-69.68M	-69.68M	-49.42M	-46.79M	73.70M	-36.92M

Foresight Environmental Infrastructure Limited GBP Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DRX	79 Outperform	£3.06B	8.12	19.64%	2.78%	-19.04%	-34.52%
SSE	74 Outperform	£29.07B	27.81	9.92%	2.98%	1.78%	-50.72%
SVT	71 Outperform	£8.82B	27.93	17.41%	4.50%	10.68%	35.18%
PNN	67 Neutral	£2.58B	88.76	2.50%	6.56%	19.50%	―
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
AMP	58 Neutral	£22.05M	-1.15	-68.06%	―	-60.76%	-230.39%
FGEN	45 Neutral	£452.54M	62.50	-0.40%	12.07%	―	―

Foresight Environmental Infrastructure Limited GBP Corporate Events

Foresight Environmental Infrastructure Holds Course Amid UK Policy Shake-Up

Foresight Environmental Infrastructure is navigating a challenging policy backdrop after the UK government moved to bring forward a change in clean energy incentive indexation from RPI to CPI and proposed temporarily freezing uplifts to recover past overpayments, a shift that raises broader questions over the UK’s attractiveness and reliability as a partner for long-term infrastructure capital. While the accelerated switch to CPI is expected to trim the trust’s net asset value by only about 0.5% thanks to its diversified portfolio, the potential freeze on uplifts could prove more damaging; even so, FGEN’s assets are currently generating strong revenues that comfortably cover its near-12% dividend yield, with further upside anticipated as its growth-stage projects reach full operation, underscoring both the resilience and risk facing renewable infrastructure investors in the UK.

The most recent analyst rating on (GB:FGEN) stock is a Hold with a £64.00 price target. To see the full list of analyst forecasts on Foresight Environmental Infrastructure Limited GBP stock, see the GB:FGEN Stock Forecast page.

Foresight Environmental Infrastructure Reports Solid Half-Year Results Amid Market Challenges

Foresight Environmental Infrastructure Limited reported solid operational and financial progress for the six months ending September 30, 2025, despite challenging market conditions. The company achieved a NAV total return of 2.0% and remains on track to meet its full-year dividend target of 7.96 pence per share. FGEN’s diversified portfolio continues to generate strong cash flows, supporting dividend growth and long-term value creation. The company is committed to closing the discount to NAV and ensuring the share price reflects the intrinsic portfolio value. Key highlights include strong operational performance, with assets generating a dividend cover of 1.22 times and growth assets contributing to NAV uplift.

Foresight Environmental Infrastructure Declares Quarterly Dividend

Foresight Environmental Infrastructure Limited has declared a quarterly interim dividend of 1.99 pence per share for the period ending 30 September 2025, aligning with its annual dividend target of 7.96 pence per share. This announcement reflects a dividend yield of 12.4% based on the closing share price as of 18 November 2025, underscoring the company’s commitment to delivering stable returns and reinforcing its position in the environmental infrastructure sector.

FGEN Evaluates Impact of UK Renewable Scheme Changes

Foresight Environmental Infrastructure Limited (FGEN) is assessing the potential impact of the UK’s proposed changes to the Renewable Obligation (RO) Scheme and Feed-in Tariffs (FiTs) on its Net Asset Value (NAV). The consultation by the UK’s Department for Energy Security and Net Zero suggests two options: an earlier switch from RPI to CPI for inflation indexation or a temporary price freeze. FGEN’s NAV could be reduced by 0.5% or 6.3% depending on the option chosen. The company plans to engage with industry peers to advocate for shareholder interests while supporting the transition to a sustainable energy market.

Foresight Environmental Infrastructure to Announce Interim Results

Foresight Environmental Infrastructure Limited announced it will release its interim results for the six months ended 30 September 2025 on 28 November 2025. The company plans to host a presentation for equity analysts and a webinar for retail investors to discuss these results. This announcement underscores FGEN’s commitment to transparency and engagement with stakeholders, potentially impacting its market positioning by reinforcing investor confidence and highlighting its focus on sustainable growth.