James Fisher & Sons PLC (GB:FSJ)
LSE:FSJ
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James Fisher & Sons
(LSE:FSJ)
Select Model
Select Model
Rating:56Neutral
Price Target:
484.00 p
▲(2.98% Upside)
Action:DowngradedDate:03/13/26
The score is held back primarily by weakening 2025 profitability and a loss-driven negative P/E, despite improved cash generation and reduced (but still meaningful) leverage. Technicals are the main support, with price trading above key moving averages and positive momentum indicators.
Positive Factors
Strong operating cash generation
Consistent positive operating cash flow and a step-up in free cash flow provide durable internal funding. This strengthens the company's ability to service debt, fund selective capex and sustain operations during offshore market cycles, reducing reliance on external capital over months.
Negative Factors
Profitability volatility and 2025 loss
A sharp swing from strong 2024 profitability to a 2025 small loss demonstrates earnings volatility. This undermines predictability for reinvestment and debt reduction, complicates long-term planning, and raises questions about sustainable operating performance across market cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong operating cash generation
Consistent positive operating cash flow and a step-up in free cash flow provide durable internal funding. This strengthens the company's ability to service debt, fund selective capex and sustain operations during offshore market cycles, reducing reliance on external capital over months.
Read all positive factors
James Fisher & Sons (FSJ) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£251.82M
Dividend YieldN/A
Average Volume (3M)50.10K
Price to Earnings (P/E)―
Beta (1Y)0.28
Revenue Growth-12.37%
EPS GrowthN/A
CountryUK
Employees1,899
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)-0.04
Shares Outstanding50,621,500
10 Day Avg. Volume36,160
30 Day Avg. Volume50,099
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)1.01
Price to Sales (P/S)0.48
P/FCF Ratio5.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£790.00Price Target Upside68.09% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.23
Revenue Forecast (FY)£413.50M
James Fisher & Sons Business Overview & Revenue Model
Company Description
James Fisher and Sons plc provides marine and specialist engineering services worldwide. It operates through four segments: Marine Support, Specialist Technical, Offshore Oil, and Tankships. The company engages in the provision of ship-to-ship tra...
How the Company Makes Money
FSJ makes money primarily by delivering contracted specialist services and engineered products to customers in marine, offshore energy, and related industrial markets. Revenue is generated through (1) service contracts for marine and subsea operat...
James Fisher & Sons Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
44
Neutral
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 394.40M | 437.70M | 496.20M | 478.10M | 442.40M |
| Gross Profit | 128.40M | 133.00M | 135.90M | 127.20M | 103.60M |
| EBITDA | 63.80M | 112.40M | 24.40M | 64.90M | 21.80M |
| Net Income | -4.40M | 46.30M | -62.40M | -11.10M | -27.80M |
Balance Sheet | |||||
| Total Assets | 514.00M | 511.30M | 558.20M | 609.00M | 624.90M |
| Cash, Cash Equivalents and Short-Term Investments | 59.50M | 86.20M | 77.50M | 53.60M | 68.00M |
| Total Debt | 202.90M | 194.10M | 279.00M | 242.10M | 253.50M |
| Total Liabilities | 326.70M | 321.00M | 409.60M | 390.70M | 414.30M |
| Stockholders Equity | 186.80M | 189.90M | 148.00M | 217.80M | 209.90M |
Cash Flow | |||||
| Free Cash Flow | 35.80M | 17.60M | 6.60M | 11.50M | 25.30M |
| Operating Cash Flow | 60.80M | 49.30M | 37.80M | 44.50M | 48.90M |
| Investing Cash Flow | -28.50M | 79.70M | -4.70M | -15.80M | -1.90M |
| Financing Cash Flow | -29.50M | -131.60M | -27.40M | -40.10M | -26.10M |
James Fisher & Sons Technical Analysis
Positive
470.00
Price Trends
479.71
Positive
429.92
Positive
394.94
Positive
Market Momentum
-5.99
Positive
55.09
Neutral
59.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:FSJ, the sentiment is Positive. The current price of 470 is below the 20-day moving average (MA) of 493.00, below the 50-day MA of 479.71, and above the 200-day MA of 394.94, indicating a bullish trend. The MACD of -5.99 indicates Positive momentum. The RSI at 55.09 is Neutral, neither overbought nor oversold. The STOCH value of 59.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:FSJ.
James Fisher & Sons Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | £2.97B | 19.41 | 16.69% | 1.27% | 0.84% | -62.73% | |
75 Outperform | £1.49B | 17.83 | 12.93% | 2.89% | 3.29% | -8.76% | |
71 Outperform | £3.98B | 13.49 | 23.73% | 1.80% | 9.97% | -15.46% | |
71 Outperform | £262.48M | 4.85 | 11.00% | 4.85% | 25.24% | 19.81% | |
64 Neutral | £72.22M | 85.60 | 4.97% | 2.25% | -15.64% | -22.46% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | £251.82M | -42.97 | -2.37% | ― | -12.37% | ― |
* Industrials Sector Average
GB:FSJ
James Fisher & Sons
499.00
204.00
69.15%
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4,808.00
1,770.46
58.29%
GB:BBY
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824.50
435.37
111.88%
GB:BMS
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225.00
3.70
1.67%
GB:HSP
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52.40%
GB:SRP
Serco Group plc
298.40
147.51
97.76%
James Fisher & Sons Corporate Events
Business Operations and StrategyFinancial Disclosures
James Fisher hails 2025 ‘turning point’ as profit margins and ROCE improve
Positive
Mar 12, 2026
James Fisher and Sons reported underlying adjusted revenue up 4.3% to £377.2m and a 56.3% jump in underlying operating profit to £28.6m for 2025, as operating margin improved to 7.6% and return on capital employed rose to 8.6%. Net debt ...
Business Operations and StrategyFinancial Disclosures
James Fisher schedules FY2025 results and investor briefings
Neutral
Feb 16, 2026
James Fisher and Sons, the marine services specialist, operates across energy, defence and maritime transport, offering tailored marine solutions and technologies to support critical operations for global industry and government clients. Its posit...
Business Operations and StrategyFinancial Disclosures
James Fisher Expects 2025 Profit to Beat Forecasts as Marine Divisions Gain Traction
Positive
Jan 29, 2026
James Fisher and Sons reported a stronger-than-expected trading performance for 2025, with revenue of around £395m, equating to like-for-like growth of about 4% once disposals and business closures are excluded, and underlying operating profi...
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.