First Property (FPO) AI Stock Analysis

• Market Cap: £22.55M
• Dividend Yield: N/A
• Average Volume (3M): 25.95K
• Price to Earnings (P/E): 9.1
• Beta (1Y): 0.16
• Revenue Growth: -3.81%
• EPS Growth: N/A
• Country: UK
• Employees: 51
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): <0.01
• Shares Outstanding: 147,843,110
• 10 Day Avg. Volume: 15,265
• 30 Day Avg. Volume: 25,947
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: £16.00
• Price Target Upside: 4.92% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 61 Neutral
• Price Target: 16.00p ▲(4.92% Upside)

The stock's overall score is driven by a solid valuation, indicating potential undervaluation, and a stable financial position with moderate leverage. However, inconsistent cash flow generation and lack of dividend yield are concerns. Technical indicators suggest potential for short-term gains, but the absence of earnings call data and corporate events limits further insights.

First Property Business Overview & Revenue Model

Company Description

First Property Group plc is a real estate investment firm. It provides fund management, financial, and technical services to the property industry in the United Kingdom and other European countries. The firm manages commercial properties of various fund investors, as well as involves in property investment and trading, property equity finance, and online activities. It also engages in the facilities management of properties, which include contract installation and maintenance of air conditioning and ventilation systems for office working environments. The firm prefers to invest in offices that can be converted into flats . First Property Group plc is based in London, the United Kingdom.

How the Company Makes Money

First Property generates revenue through several key streams, primarily from property management fees, rental income from its owned properties, and profits from property sales. The company charges management fees for overseeing properties in its portfolio, which provides a consistent income stream. Additionally, FPO earns rental income from leasing out its commercial properties to tenants, contributing significantly to its overall revenue. The company also engages in property development projects, allowing it to capitalize on market opportunities and generate profits from the sale of developed properties. Strategic partnerships with other investors and property developers further enhance its capabilities and market reach, contributing to its revenue growth.

First Property Financial Statement Overview

Summary

First Property shows signs of recovery in profitability and operational efficiency but faces challenges in maintaining consistent revenue growth and generating positive free cash flow. The balance sheet reflects moderate leverage and a strong equity position, offering a degree of financial stability.

Income Statement

The company's revenue has experienced fluctuations, with a notable decline from 2020 to 2025. Gross profit margins have been moderately stable, but net income has been volatile, improving significantly in 2025 after a loss in 2024. EBITDA margins have shown signs of recovery in the recent year, indicating operational efficiency improvements.

Balance Sheet

The balance sheet reveals a moderate debt-to-equity ratio, indicating manageable leverage levels. Equity ratio reflects a solid equity base, but total assets have seen slight declines. The company has maintained a healthy cash position, enhancing its financial stability and flexibility.

Cash Flow

Cash flow analysis shows inconsistent free cash flow generation, with improvements in operating cash flow in 2025. However, negative free cash flow in recent years poses a concern. The operating cash flow to net income ratio indicates some alignment between cash earnings and reported profits.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	7.55M	7.85M	7.25M	8.64M	12.12M
Gross Profit	4.82M	4.97M	4.99M	5.72M	7.99M
EBITDA	4.16M	-3.56M	3.12M	7.50M	-2.99M
Net Income	2.14M	-4.58M	1.92M	6.78M	-7.45M
Balance Sheet
Total Assets	78.71M	75.81M	83.48M	76.98M	81.28M
Cash, Cash Equivalents and Short-Term Investments	4.82M	4.63M	7.65M	6.42M	16.24M
Total Debt	9.45M	10.59M	13.37M	15.03M	35.78M
Total Liabilities	31.39M	34.88M	38.01M	33.99M	44.29M
Stockholders Equity	45.09M	38.98M	43.44M	42.77M	36.79M
Cash Flow
Free Cash Flow	-582.00K	-1.30M	2.45M	-3.12M	38.43M
Operating Cash Flow	856.00K	398.00K	3.48M	-1.44M	38.73M
Investing Cash Flow	-77.00K	-840.00K	2.76M	-4.28M	1.05M
Financing Cash Flow	-575.00K	-2.66M	-5.09M	-4.08M	-30.66M

First Property Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 15.25
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:FPO, the sentiment is Neutral. The current price of 15.25 is below the 20-day moving average (MA) of 15.61, below the 50-day MA of 15.44, and above the 200-day MA of 14.24, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 40.31 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:FPO.

First Property Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CDFF	69 Neutral	£26.09M	25.49	3.49%	0.94%	-1.79%	-10.25%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
FPO	61 Neutral	£22.55M	9.13	5.09%	―	-3.81%	―
FLK	58 Neutral	£3.64M	23.83	3.44%	6.34%	0.55%	-45.82%
GR1T	52 Neutral	£27.63M	―	-43.94%	21.72%	15.55%	-116.52%
LAS	43 Neutral	£6.83M	―	-6.18%	―	13.51%	-112.77%
SPDI	43 Neutral	£2.26M	―	-2.41%	―	-55.33%	-115.99%

First Property Corporate Events

First Property Group to Announce Interim Results and Host Investor Presentation

First Property Group plc announced that it will release its interim results for the six months ended 30 September 2025 on 27 November 2025. The company will host a live presentation via the Investor Meet Company platform, inviting existing and potential shareholders to participate and submit questions, highlighting its commitment to transparency and stakeholder engagement.

The most recent analyst rating on (GB:FPO) stock is a Hold with a £16.50 price target. To see the full list of analyst forecasts on First Property stock, see the GB:FPO Stock Forecast page.

First Property Group Reports Strong Recovery and Strategic Property Sales

First Property Group plc has shown a strong recovery from recent economic challenges, reporting a profit before tax of £3.03 million for the year ended March 2025, surpassing market expectations. The company has sold two properties, increasing its free cash by £4.0 million, and maintains a stable total fund under management of £220 million, with a notable increase in third-party funds under management.

The most recent analyst rating on (GB:FPO) stock is a Hold with a £16.50 price target. To see the full list of analyst forecasts on First Property stock, see the GB:FPO Stock Forecast page.

First Property Group’s Associate Increases Stake

First Property Group plc announced that its associate, Fprop Phoenix Limited, has purchased 100,000 ordinary shares in the company at a price of 15.00 pence per share. This acquisition increases PHO’s beneficial interest to 300,000 shares, representing approximately 0.20% of the company’s total issued share capital, potentially impacting the company’s market positioning and shareholder dynamics.

The most recent analyst rating on (GB:FPO) stock is a Hold with a £16.50 price target. To see the full list of analyst forecasts on First Property stock, see the GB:FPO Stock Forecast page.

First Property Group Announces 2025 AGM and Annual Report Release

First Property Group plc has announced its Annual General Meeting scheduled for September 24, 2025, to be held online via the Investor Meet Company platform. Shareholders are encouraged to register and submit questions in advance, though voting will be conducted via proxy. The company’s Annual Report & Accounts for the year ending March 31, 2025, are available online, reflecting its commitment to transparency and stakeholder engagement.

The most recent analyst rating on (GB:FPO) stock is a Hold with a £16.50 price target. To see the full list of analyst forecasts on First Property stock, see the GB:FPO Stock Forecast page.

First Property Group’s Associate Increases Stake with Share Purchase

First Property Group plc announced that its associate, Fprop Phoenix Limited, in which it holds a 23.78% shareholding, has purchased 100,000 ordinary shares in the company at a price of 15.35 pence per share. This purchase increases Fprop Phoenix Limited’s beneficial interest to 200,000 ordinary shares, representing approximately 0.14% of the company’s total issued share capital, potentially strengthening its influence within the company.

First Property Group’s Managerial Stake Increase

First Property Group plc announced that Martin Pryce, a Person Discharging Managerial Responsibility, has purchased 15,000 ordinary shares in the company at a price of 14.50 pence per share. This transaction increases Pryce’s holding to approximately 1.65% of the Group’s total voting rights, reflecting confidence in the company’s market position and potential growth.