Foxtons (GB:FOXT)
LSE:FOXT
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Foxtons
(LSE:FOXT)
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Rating:69Neutral
Price Target:
53.00 p
▼(-8.15% Downside)
Action:DowngradedDate:03/06/26
The score is supported by improving fundamentals (profitability since 2022, deleveraging, positive cash generation) and attractive valuation (low P/E with a dividend). These are partially offset by weak technical momentum (below key moving averages with negative MACD) and earnings-call risks around sales underperformance, margin/cost pressure, and near-term working-capital headwinds despite positive 2026 growth guidance.
Positive Factors
Lettings-led recurring revenue
A larger, higher‑margin Lettings business (~64% of revenue) with tenancy portfolio scale drives recurring, more predictable fee income. Margin expansion and tenancy growth support resilient cashflows and reduce dependence on volatile sales, improving medium‑term revenue stability.
Negative Factors
Sales segment volatility and losses
Persistent weakness and volatility in Sales undermines group profitability and cash conversion given its transaction‑driven nature. A loss‑making Sales division raises execution risk, forces cross‑subsidization from Lettings and reduces predictability of earnings over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Lettings-led recurring revenue
A larger, higher‑margin Lettings business (~64% of revenue) with tenancy portfolio scale drives recurring, more predictable fee income. Margin expansion and tenancy growth support resilient cashflows and reduce dependence on volatile sales, improving medium‑term revenue stability.
Read all positive factors
Foxtons (FOXT) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£129.38M
Dividend Yield2.05%
Average Volume (3M)490.95K
Price to Earnings (P/E)13.9
Beta (1Y)0.90
Revenue Growth10.84%
EPS Growth113.75%
CountryUK
Employees1,422
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.02
Shares Outstanding294,092,200
10 Day Avg. Volume590,338
30 Day Avg. Volume490,952
Financial Highlights & Ratios
PEG Ratio-1.84
Price to Book (P/B)1.23
Price to Sales (P/S)1.04
P/FCF Ratio7.46
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)0.05
Revenue Forecast (FY)£179.07M
Foxtons Business Overview & Revenue Model
Company Description
Foxtons Group plc, an estate agency, provides services to the residential property market in the United Kingdom. The company operates through three segments: Lettings, Sales, and Mortgage Broking. The Lettings segment engages in letting and managi...
How the Company Makes Money
Foxtons generates revenue primarily through its property sales and lettings services. The company earns commissions on property transactions, which can vary based on the value of the properties sold or let. Additionally, Foxtons provides property ...
Foxtons Earnings Call Summary
Earnings Call Date:Mar 05, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 04, 2026
Earnings Call Sentiment Positive
The call presents a broadly positive operational and financial picture driven by a Lettings-led strategy: revenue and EBITDA grew 5%, Lettings showed margin and contribution expansion, the tenancy portfolio and market share increased materially, acquisitions are delivering above-target returns, cash generation improved, and the balance sheet is strong. Key challenges include a flat group adjusted operating profit, sales segment weakness and volatility, rising overheads and a near-term GBP 10m working capital investment to transition billing ahead of the Renters' Rights Act. Management emphasizes continued cost discipline, integration of recent acquisitions and leveraging AI/technology to improve productivity. On balance the positive Lettings momentum, cash strength and successful acquisitions outweigh the headwinds in Sales and short-term cost pressures.Positive Updates
Group revenue and EBITDA growth
Group revenue increased 5% year-on-year to GBP 172.5m (GBP +8.6m) and adjusted EBITDA grew 5% to GBP 25.3m, demonstrating top-line resilience despite a challenging operating environment.
Negative Updates
Flat group adjusted operating profit and margin headwinds
Adjusted operating profit was flat at GBP 22.2m despite revenue growth; group adjusted operating profit margin decreased by 60 basis points to 12.9%, reflecting external cost pressures (employer national insurance, living wage increases) and higher overheads.
Read all updates
Q4-2025 Updates
Positive
Negative
Group revenue and EBITDA growth
Group revenue increased 5% year-on-year to GBP 172.5m (GBP +8.6m) and adjusted EBITDA grew 5% to GBP 25.3m, demonstrating top-line resilience despite a challenging operating environment.
Read all positive updates
Company Guidance
Guidance for 2026 is for year‑on‑year revenue and profit growth, driven by a Lettings‑led strategy anchored on a >32,000‑tenancy portfolio (up >50% over 5 years) that accounted for c.64%–>2/3 of group revenue in 2025 and underpins resilient, recurring cashflows; management expects Lettings market dynamics to persist (rents have grown at a 7% CAGR since 2021 with a medium‑term return to inflation‑linked growth), incremental Lettings revenue to annualize from the Milton Keynes and Birmingham deals, and further share gains from the Renters’ Rights Act opportunity. Key financial and operational metrics and actions: target to complete the transition to annual billing by 2027 with an estimated GBP10.0m working‑capital investment across 2026–27; deliver GBP1.5m of annualized HQ cost savings from Jan‑2026; maintain strict cost discipline; pursue acquisitive growth (management’s ambition is c.15 deals in 2026 from c.10 done to date) targeting aggregate returns ≥20%; and sustain shareholder returns (full‑year dividend 1.17p, final 0.93p; c.5.5m shares bought back and total shareholder returns c.GBP9.1m). Balance sheet guidance: preserve covenant headroom (net debt at 31 Dec 2025 GBP16.9m; net free cash flow GBP11.2m, +14%; adjusted EBITDA GBP25.3m, +5%; adjusted operating profit GBP22.2m, broadly flat), RCF at GBP40m (extended to June‑2028), leverage 0.7x vs covenant 1.75x, interest cover 24x vs covenant 4x, and a target year‑end net‑debt/adjusted‑EBITDA <1.25x.Foxtons Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 172.53M | 163.93M | 147.13M | 140.32M | 126.47M |
| Gross Profit | 93.18M | 104.86M | 93.25M | 77.56M | 64.95M |
| EBITDA | 20.03M | 35.89M | 24.87M | 27.57M | 22.68M |
| Net Income | 12.85M | 14.00M | 5.49M | 9.13M | -6.17M |
Balance Sheet | |||||
| Total Assets | 272.42M | 268.16M | 251.35M | 226.18M | 231.19M |
| Cash, Cash Equivalents and Short-Term Investments | 5.47M | 5.32M | 4.99M | 12.03M | 19.37M |
| Total Debt | 40.03M | 60.77M | 59.38M | 46.46M | 48.08M |
| Total Liabilities | 127.45M | 129.18M | 125.74M | 103.51M | 107.68M |
| Stockholders Equity | 144.97M | 138.98M | 125.61M | 122.67M | 123.50M |
Cash Flow | |||||
| Free Cash Flow | 23.99M | 22.08M | 12.06M | 20.32M | 21.49M |
| Operating Cash Flow | 26.86M | 24.75M | 15.67M | 24.03M | 23.47M |
| Investing Cash Flow | -9.21M | -14.38M | -17.20M | -16.26M | -16.11M |
| Financing Cash Flow | -17.49M | -10.04M | -5.51M | -18.83M | -21.25M |
Foxtons Technical Analysis
Negative
57.70
Price Trends
49.17
Negative
52.99
Negative
55.50
Negative
Market Momentum
-1.35
Negative
35.05
Neutral
42.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:FOXT, the sentiment is Negative. The current price of 57.7 is above the 20-day moving average (MA) of 46.27, above the 50-day MA of 49.17, and above the 200-day MA of 55.50, indicating a bearish trend. The MACD of -1.35 indicates Negative momentum. The RSI at 35.05 is Neutral, neither overbought nor oversold. The STOCH value of 42.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:FOXT.
Foxtons Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £21.94M | 11.12 | 24.60% | 7.10% | 7.02% | -12.85% | |
73 Outperform | £274.13M | 17.20 | 12.56% | 3.66% | 97.27% | 25.80% | |
69 Neutral | £129.38M | 13.93 | 8.96% | 2.05% | 10.84% | 113.75% | |
67 Neutral | £1.18B | 2.45 | 10.25% | 3.62% | -8.66% | 553.35% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | £225.37M | 15.87 | 20.71% | 3.59% | 20.46% | ― | |
54 Neutral | £1.14B | 19.15 | 9.70% | 2.20% | 7.81% | 22.76% |
* Real Estate Sector Average
GB:FOXT
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-14.52
-24.81%
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GB:TPFG
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GB:SVS
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Foxtons Corporate Events
Stock BuybackRegulatory Filings and Compliance
Foxtons Cancels Newly Repurchased Shares, Updates Voting Rights
Positive
Mar 5, 2026
Foxtons has continued its previously announced share buyback and cancellation programme, repurchasing 30,000 ordinary shares on 5 March 2026 through Singer Capital Markets at an average price of approximately 47.992 pence per share. The move refle...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Foxtons grows revenue on resilient lettings as acquisitions extend reach beyond London
Positive
Mar 5, 2026
Foxtons reported a 5% rise in 2025 revenue to £172.5m, with lettings, sales and financial services all growing, while adjusted operating profit was flat as wage, tax and inflationary cost pressures offset top‑line gains. The companyR...
Executive/Board Changes
Foxtons Announces Retirement of Senior Independent Director and Audit Chair
Neutral
Feb 9, 2026
Foxtons Group plc has announced that Senior Independent Director and Audit Committee Chair Rosie Shapland will retire from the board following the publication of the company’s interim results for the year ending 31 December 2026. The decisio...
Regulatory Filings and Compliance
Foxtons Confirms 294.7 Million Voting Rights After Treasury Share Update
Neutral
Feb 2, 2026
Foxtons Group plc has reported that, as at 31 January 2026, its issued share capital comprised 320,269,464 ordinary shares of 1 pence each, of which 25,527,664 shares were held in treasury. As a result, the total number of voting rights in the com...
Business Operations and StrategyM&A Transactions
Foxtons Enters Birmingham Market With Acquisition of Lettings Agent FleetMilne
Positive
Jan 21, 2026
Foxtons Group has acquired Birmingham-based lettings specialist FleetMilne, marking its first move beyond the London commuter belt and extending its footprint into the UK’s second-largest city, a market it views as offering strong long-term ...
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresM&A Transactions
Foxtons Lifts Revenue and Buys Milton Keynes Agent to Drive Lettings‑Led Growth
Positive
Jan 15, 2026
Foxtons reported unaudited 2025 revenue of about £172m, up roughly 5% year on year, with adjusted operating profit broadly flat at around £22m as resilient lettings income, now 64% of group revenue, and a growing financial services arm o...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Foxtons Continues Share Buyback, Cancels 10,000 Shares
Positive
Jan 14, 2026
Foxtons Group plc has continued to execute its previously announced share buyback and cancellation programme, repurchasing 10,000 ordinary shares at a price of 57 pence per share through Singer Capital Markets on 14 January 2026. The shares will b...
Business Operations and Strategy
Foxtons Appoints Panmure Liberum as Joint Corporate Broker
Positive
Jan 13, 2026
Foxtons Group plc has appointed Panmure Liberum Limited as a joint corporate broker, working alongside existing broker Singer Capital Markets with immediate effect. The move suggests Foxtons is strengthening its capital markets and investor relati...
Regulatory Filings and Compliance
Foxtons Confirms Total Voting Rights at Year-End 2025
Neutral
Jan 2, 2026
Foxtons Group plc, the London-focused estate agency group, reported that its issued share capital as at 31 December 2025 comprised 320,279,464 ordinary shares of 1 pence each, of which 25,527,664 shares were held in treasury. As a result, the comp...
Stock BuybackRegulatory Filings and Compliance
Foxtons Buys Back and Cancels 60,000 Shares, Updates Voting Rights
Neutral
Dec 22, 2025
Foxtons Group plc has continued to execute its previously announced share buyback and cancellation programme, repurchasing 60,000 ordinary shares at an average price of 58 pence per share through Singer Capital Markets on 22 December 2025. The rep...
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.