James Fisher & Sons (FSJ) AI Stock Analysis

• Market Cap: £178.05M
• Dividend Yield: N/A
• Average Volume (3M): 23.55K
• Price to Earnings (P/E): 3.8
• Beta (1Y): 0.55
• Revenue Growth: -11.79%
• EPS Growth: N/A
• Country: UK
• Employees: 1,899
• Sector: Industrials
• Sector Strength: 86
• Industry: Marine Shipping
• EPS (TTM): 0.94
• Shares Outstanding: 50,626,812
• 10 Day Avg. Volume: 29,984
• 30 Day Avg. Volume: 23,547
• PEG Ratio: -0.19
• Price to Book (P/B): 0.90
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 17.10
• 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: £400.00
• Price Target Upside: 13.64% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 76 Outperform
• Price Target: 383.00p ▲(8.81%Upside)

James Fisher & Sons has a strong overall score of 76, driven by robust financial performance, attractive valuation, and positive corporate events. The technical analysis supports the bullish momentum, enhancing the stock's appeal. However, the lack of recent earnings call data limits insight into future guidance.

James Fisher & Sons Business Overview & Revenue Model

Company Description

James Fisher & Sons plc (FSJ) is a leading provider of specialized services to the marine, oil and gas, and other high assurance industries worldwide. Founded in 1847 and headquartered in Barrow-in-Furness, UK, the company operates through four primary divisions: Marine Support, Specialist Technical, Offshore Oil, and Tankships. These divisions offer a range of products and services, including ship management, subsea operations, equipment rental, and bespoke engineering solutions.

How the Company Makes Money

James Fisher & Sons generates revenue through a diversified business model that includes multiple streams across its divisions. The Marine Support division provides a variety of marine services such as diving and remotely operated vehicle (ROV) operations, vessel chartering, and subsea engineering, generating income through service contracts and project-based work. The Specialist Technical division offers nuclear decommissioning, defense, and renewable energy services, earning revenue from government and private sector contracts. The Offshore Oil division supports the oil and gas industry with services like well testing, maintenance, and decommissioning, securing fees from long-term service agreements and project-specific engagements. Lastly, the Tankships division operates a fleet of chemical tankers, earning income through charter contracts and freight services. The company's strategic partnerships and global reach further enhance its ability to secure lucrative contracts and maintain a stable revenue stream.

James Fisher & Sons Financial Statement Overview

Summary

James Fisher & Sons shows resilience with improved profitability and cash flow, despite a revenue decline. Operational efficiencies have enhanced margins with a balanced leverage position. However, careful debt management and strategic investments are crucial for sustained growth.

Income Statement

The income statement shows a challenging environment with fluctuating revenues and profitability. The gross profit margin for the latest period is approximately 30.38%, and the net profit margin is around 10.57%. Despite a decline in revenue from 2023 to 2024, the company achieved positive EBIT and EBITDA margins of 16.70% and 25.68%, respectively, indicating improved operational efficiency. However, the revenue growth rate declined by 11.75% from 2023 to 2024, highlighting potential market challenges.

Balance Sheet

The balance sheet reflects a moderate financial position with some strengths and challenges. The debt-to-equity ratio is approximately 1.02, indicating a balanced leverage position. The return on equity (ROE) stands at 24.37%, showcasing strong profitability relative to shareholder equity. The equity ratio is 37.13%, suggesting a reasonable proportion of assets financed by equity. However, total liabilities remain substantial, which requires careful management.

Cash Flow

The cash flow statement highlights a solid cash generation capability. Operating cash flow to net income ratio is approximately 1.06, indicating efficient cash conversion. The free cash flow to net income ratio is 0.38, suggesting moderate free cash flow generation relative to net income. Free cash flow grew significantly from 2023 to 2024, enhancing financial flexibility. However, consistent negative investing cash flows warrant attention for future capital allocation.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	437.70M	496.20M	478.10M	494.10M	518.20M
Gross Profit	133.00M	135.90M	127.20M	109.50M	94.40M
EBITDA	112.40M	24.40M	64.90M	21.80M	3.90M
Net Income	46.30M	-62.40M	8.00M	-28.20M	-57.30M
Balance Sheet
Total Assets	511.30M	558.20M	609.00M	624.90M	622.90M
Cash, Cash Equivalents and Short-Term Investments	86.20M	77.50M	53.60M	68.00M	23.90M
Total Debt	194.10M	279.00M	242.10M	253.50M	221.90M
Total Liabilities	321.00M	409.60M	390.70M	414.30M	387.00M
Stockholders Equity	189.90M	148.00M	217.80M	209.90M	235.20M
Cash Flow
Free Cash Flow	17.60M	6.60M	11.50M	25.30M	66.20M
Operating Cash Flow	49.30M	37.80M	44.50M	48.90M	86.60M
Investing Cash Flow	79.70M	-4.70M	-15.80M	-1.90M	-22.80M
Financing Cash Flow	-131.60M	-27.40M	-40.10M	-26.10M	-56.10M

James Fisher & Sons Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 352.00
• 50DMA: Positive
• 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:FSJ, the sentiment is Positive. The current price of 352 is above the 20-day moving average (MA) of 347.90, above the 50-day MA of 326.30, and above the 200-day MA of 323.99, indicating a bullish trend. The MACD of 8.39 indicates Positive momentum. The RSI at 56.54 is Neutral, neither overbought nor oversold. The STOCH value of 35.48 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OCN	78 Outperform	£532.21M	10.85	10.79%	11.49%	8.17%	27.93%
FSJ	76 Outperform	£178.05M	3.83	27.40%	―	-11.79%	―
AVAP	76 Outperform	£104.54M	4.80	12.33%	0.32%	8.36%	―
CKN	74 Outperform	$1.01B	11.84	18.20%	3.45%	3.44%	0.89%
Sector *	68 Neutral	£2.99B	10.39	7.71%	3.37%	3.01%	-10.61%
BMS	67 Neutral	£67.17M	11.18	7.45%	8.29%	-2.90%	―
MCG	51 Neutral	£187.38M	―	-135.03%	―	8.30%	-346.39%

James Fisher & Sons Corporate Events

James Fisher & Sons Seeks Block Listing for Share Awards

James Fisher and Sons plc has applied for a block listing of 228,748 ordinary shares on the London Stock Exchange and the Financial Conduct Authority. These shares will support the vesting of share awards under the company’s 2021 Long Term Incentive Plan, with the block admission expected to be effective from 27 May 2025.

The most recent analyst rating on (GB:FSJ) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on James Fisher & Sons stock, see the GB:FSJ Stock Forecast page.

James Fisher & Sons Successfully Passes All AGM Resolutions

James Fisher and Sons plc announced that all resolutions proposed at their Annual General Meeting on May 13, 2025, were successfully passed. This includes the re-election of several directors, the re-appointment of KPMG LLP as auditors, and the approval of the 2015 Sharesave Plan. The approval of these resolutions reflects strong shareholder support and positions the company to continue its strategic initiatives, potentially enhancing its market presence and operational efficiency.

The most recent analyst rating on (GB:FSJ) stock is a Buy with a £375.00 price target. To see the full list of analyst forecasts on James Fisher & Sons stock, see the GB:FSJ Stock Forecast page.

James Fisher & Sons Grants Long Term Incentive Awards to Executives

James Fisher & Sons plc announced the granting of conditional awards of ordinary shares to its Executive Directors under the 2021 Long Term Incentive Plan. The awards, which were made to CEO Jean Vernet and CFO Karen Hayzen-Smith, will vest after three years, subject to performance conditions, with a two-year post-vesting holding period. This move is part of the company’s strategy to align executive interests with long-term shareholder value and ensure sustained leadership performance.

James Fisher & Sons Grants Share Awards to Executive Directors

James Fisher & Sons plc has announced the granting of conditional awards over ordinary shares to its Executive Directors under the company’s Deferred Bonus Plan. On April 24, 2025, CEO Jean Vernet and CFO Karen Hayzen-Smith received awards of 81,219 and 52,427 shares respectively. These awards are structured to vest on the second anniversary of the grant date, reflecting the company’s commitment to aligning executive incentives with long-term shareholder value. This move is likely to strengthen the company’s leadership stability and align executive interests with those of stakeholders.