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Foresight Group Holdings Ltd.
(LSE:FSG)
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Rating:78Outperform
Price Target:
499.00 p
▲(17.00% Upside)
Action:Reiterated
Date:07/01/26
The score is driven primarily by strong financial performance (high profitability and ROE), tempered by slowing revenue growth, weaker recent free cash flow, and rising leverage. Technicals are supportive with the stock trading above key moving averages, while valuation is favorable with a modest P/E and high dividend yield.
Positive Factors
Expanding margins
Margin expansion to ~25.9% reflects durable operating leverage in Foresight's fee-based business. Higher and improving margins increase cash available for reinvestment in origination and distribution, support sustainable earnings and make the core fee franchise more resilient over months.
Negative Factors
Recent revenue growth slowdown
A marked deceleration in top-line growth weakens the automatic expansion of management fees tied to AUM. If slower net inflows or weaker underlying asset performance persist, fee revenue growth and future scale benefits could be constrained, pressuring medium-term earnings power.
Read all positive and negative factors
Positive Factors
Negative Factors
Expanding margins
Margin expansion to ~25.9% reflects durable operating leverage in Foresight's fee-based business. Higher and improving margins increase cash available for reinvestment in origination and distribution, support sustainable earnings and make the core fee franchise more resilient over months.
Read all positive factors
Foresight Group Holdings Ltd. (FSG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£503.73M
Dividend Yield5.73%
Average Volume (3M)514.64K
Price to Earnings (P/E)11.8
Beta (1Y)1.39
Revenue Growth7.26%
EPS Growth30.92%
CountryUK
Employees382
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.38
Shares Outstanding112,764,890
10 Day Avg. Volume459,040
30 Day Avg. Volume514,642
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)4.18
Price to Sales (P/S)2.41
P/FCF Ratio9.38
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£570.00Price Target Upside33.65% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.51
Revenue Forecast (FY)£182.07M
Foresight Group Holdings Ltd. Business Overview & Revenue Model
Company Description
Operating as an investment manager focused on infrastructure and private equity, Foresight Group Holdings Limited extends its reach across the United Kingdom, Italy, Luxembourg, Spain, and Australia. The company organizes its activities into three...
How the Company Makes Money
Foresight Group Holdings Ltd. primarily makes money by earning fees for managing and advising investment funds and vehicles across its infrastructure and private equity strategies. The core revenue stream is recurring management fees calculated on...
Foresight Group Holdings Ltd. Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 165.29M | 153.99M | 141.33M | 119.16M | 86.32M |
| Gross Profit | 140.52M | 146.20M | 134.02M | 107.64M | 77.73M |
| EBITDA | 62.91M | 48.01M | 41.31M | 35.89M | 30.75M |
| Net Income | 42.83M | 33.24M | 26.43M | 23.63M | 25.08M |
Balance Sheet | |||||
| Total Assets | 183.39M | 167.15M | 153.33M | 144.60M | 98.86M |
| Cash, Cash Equivalents and Short-Term Investments | 41.81M | 43.25M | 45.00M | 39.76M | 54.29M |
| Total Debt | 31.17M | 19.44M | 7.77M | 12.38M | 14.10M |
| Total Liabilities | 88.08M | 81.88M | 64.76M | 67.36M | 40.27M |
| Stockholders Equity | 95.30M | 85.27M | 88.57M | 77.24M | 58.59M |
Cash Flow | |||||
| Free Cash Flow | 42.51M | 41.69M | 43.88M | 50.76M | 24.50M |
| Operating Cash Flow | 47.24M | 44.12M | 44.67M | 51.39M | 25.07M |
| Investing Cash Flow | -8.32M | -2.94M | -5.65M | -46.14M | -865.00K |
| Financing Cash Flow | -39.92M | -43.38M | -33.78M | -19.77M | -9.35M |
Foresight Group Holdings Ltd. Technical Analysis
Positive
426.50
Price Trends
418.45
Positive
403.59
Positive
422.45
Positive
Market Momentum
4.36
Negative
67.46
Neutral
78.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:FSG, the sentiment is Positive. The current price of 426.5 is below the 20-day moving average (MA) of 427.20, above the 50-day MA of 418.45, and above the 200-day MA of 422.45, indicating a bullish trend. The MACD of 4.36 indicates Negative momentum. The RSI at 67.46 is Neutral, neither overbought nor oversold. The STOCH value of 78.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:FSG.
Foresight Group Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £503.73M | 11.84 | 44.99% | 5.73% | 7.26% | 30.92% | |
76 Outperform | £9.09B | 17.43 | 12.35% | 5.37% | 12.45% | 28.89% | |
74 Outperform | £849.12M | 8.53 | 11.49% | 2.70% | 16.37% | 58.77% | |
71 Outperform | £518.17M | 9.26 | 9.58% | 5.79% | 5.52% | 18.92% | |
68 Neutral | £4.96B | 10.41 | 18.00% | 4.13% | 6.46% | 6.47% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
54 Neutral | £2.46B | 55.90 | 4.25% | 2.85% | 47.14% | -37.72% |
* Financial Sector Average
GB:FSG
Foresight Group Holdings Ltd.
450.00
18.92
4.39%
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Foresight Group Holdings Ltd. Corporate Events
Regulatory Filings and ComplianceShareholder Meetings
Foresight Group Publishes 2026 AGM Notice and Rule 9 Waiver Circular
Neutral
Jun 30, 2026
Foresight Group Holdings Limited has published its 2026 annual general meeting notice, which incorporates a Rule 9 waiver circular, along with the related proxy form on its investor website for shareholders to download. The documents are also bein...
Business Operations and StrategyDividendsFinancial DisclosuresM&A Transactions
Foresight lifts assets, profits and dividend as it pivots toward core real assets and private equity
Positive
Jun 29, 2026
Foresight Group reported another year of growth for the 12 months to 31 March 2026, with assets under management rising 8% to £13.0 billion and funds under management up 7% to £9.0 billion, driven by strong retail fundraising and institu...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Foresight Group Expands Treasury Stock with Latest Share Buybacks
Positive
Jun 26, 2026
Foresight Group Holdings has continued its ongoing share buyback programme, repurchasing a total of 121,836 ordinary shares between 19 and 25 June 2026 at prices generally in the low 400 pence range. The shares will be held in treasury, reducing t...
Stock BuybackRegulatory Filings and Compliance
Foresight Group Adds to Treasury Stock as Share Buyback Programme Advances
Positive
Jun 19, 2026
Foresight Group Holdings Limited has continued to execute its ongoing share buyback programme, repurchasing a series of tranches of ordinary shares between 12 and 18 June 2026 via Berenberg at prices generally in the low- to mid-400 pence range. O...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Foresight Group Adds to Treasury Stock with Further Share Buybacks
Positive
Jun 12, 2026
Foresight Group Holdings has continued executing its share buyback programme, repurchasing a series of tranches of ordinary shares on the London Stock Exchange between 5 and 11 June 2026 through Berenberg. These shares, acquired at prices generall...
Business Operations and StrategyM&A Transactions
Foresight Group to divest £1bn public markets arm to Guinness Global Investors
Neutral
Jun 11, 2026
Foresight Group Holdings has agreed to sell its public markets investment arm, Foresight Capital Management, to Guinness Global Investors, transferring about £1.0 billion in assets under management and 16 staff. The disposal represents roughl...
Stock Buyback
Foresight Group Expands Treasury Stock With Latest Share Buybacks
Positive
Jun 5, 2026
Foresight Group Holdings has continued to execute its ongoing share buyback programme, repurchasing 211,323 ordinary shares between 29 May and 4 June 2026 at prices ranging roughly between 427p and 451p. These shares will be held in treasury, remo...
Regulatory Filings and Compliance
Foresight Group Updates Total Voting Rights Count
Neutral
Jun 1, 2026
Foresight Group Holdings Limited reported that as of 31 May 2026 its issued share capital comprised 116,347,803 ordinary shares of nil par value, of which 3,989,245 are held in treasury without voting rights. This leaves a total of 112,358,558 vot...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Foresight Group Expands Treasury Stock Through Ongoing Share Buyback
Neutral
May 29, 2026
Foresight Group Holdings Limited has continued to execute its share buyback programme, repurchasing a total of 183,549 ordinary shares between 22 and 28 May 2026 at prices ranging from about 409.5p to 429p. The shares, acquired via Berenberg, will...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Foresight Group Expands Treasury Stock with Latest Share Buybacks
Positive
May 22, 2026
Foresight Group Holdings has continued to execute its ongoing share buyback programme, repurchasing 177,695 ordinary shares between 15 and 21 May 2026 at prices generally around 400 pence per share. Once settled, these shares will be held in treas...
Stock BuybackRegulatory Filings and Compliance
Foresight Group Adds to Buyback as Treasury Shares Rise
Positive
May 15, 2026
Foresight Group Holdings Limited has continued to execute its share buyback programme, repurchasing a total of 173,190 ordinary shares between 8 and 14 May 2026 through Berenberg at prices generally around 405–416 pence per share. Once settl...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Foresight Group Advances Share Buyback, Lifts Treasury Holdings
Positive
May 8, 2026
Foresight Group Holdings has continued to execute its share buyback programme, repurchasing a total of 94,893 ordinary shares between 1 and 7 May 2026 at prices ranging roughly between 395p and 409p. The shares, acquired through Berenberg, will be...
Regulatory Filings and Compliance
Foresight Group Updates Total Voting Rights After Treasury Share Holdings
Neutral
May 1, 2026
Foresight Group Holdings Limited operates in the financial services sector, focusing on investment management and related services for institutional and individual investors. The company is listed in the U.K. and its share capital is structured th...
Stock BuybackRegulatory Filings and Compliance
Foresight Group Expands Treasury Stock with Further Share Buybacks
Neutral
May 1, 2026
Foresight Group Holdings Limited has continued to execute its ongoing share buyback programme, repurchasing a total of 118,310 ordinary shares between 24 and 30 April 2026 via Berenberg at prices around 400 pence per share. Once settled, these sha...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Foresight Group Expands Share Buyback, Lifts Treasury Holdings
Positive
Apr 24, 2026
Foresight Group Holdings has continued to execute its ongoing share buyback programme, repurchasing a series of tranches of ordinary shares between 17 and 23 April 2026 at prices broadly around the 400 pence level. The purchases, carried out via b...
Stock BuybackRegulatory Filings and Compliance
Foresight Group Expands Treasury Stock With Ongoing Share Buybacks
Positive
Apr 17, 2026
Foresight Group Holdings has continued to execute its share buyback programme, repurchasing a series of tranches of ordinary shares between 10 and 16 April 2026 via Berenberg at prices ranging roughly from 368p to 407p. Once settled, these shares ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Foresight Group Buys Back Additional Shares, Updates Voting Capital
Positive
Apr 10, 2026
Foresight Group Holdings has repurchased a total of 93,437 ordinary shares between 7 and 9 April 2026 under its ongoing share buyback programme, at volume-weighted average prices ranging from about 360.9p to 374.7p per share. The shares, acquired ...
Business Operations and StrategyStock BuybackFinancial Disclosures
Foresight Group lifts assets and retail fundraising as core earnings track forecasts
Positive
Apr 9, 2026
Foresight Group reported growth in assets under management to £14.0 billion and funds under management to £10.0 billion for the year to 31 March 2026, driven by record £630 million retail fundraising and continued expansion of its r...
Business Operations and StrategyStock Buyback
Foresight Group Expands Treasury Stock as Buyback Programme Gathers Pace
Positive
Apr 7, 2026
Foresight Group Holdings has continued executing its previously announced share buyback programme, repurchasing a series of tranches of ordinary shares between 27 March and 2 April 2026 at prices ranging roughly from 341.5p to 366.5p. The latest p...
Regulatory Filings and Compliance
Foresight Group Updates Total Voting Rights After Treasury Share Adjustment
Neutral
Apr 1, 2026
Foresight Group Holdings Limited has confirmed that, as of 31 March 2026, it had issued 116,347,803 ordinary shares, of which 2,753,389 are held in treasury and carry no voting rights. This leaves 113,594,414 shares constituting the company’...
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.