James Fisher & Sons PLC (GB:FSJ)
LSE:FSJ
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James Fisher & Sons
(LSE:FSJ)
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Rating:56Neutral
Price Target:
488.00 p
▼(-0.20% Downside)
Action:Downgraded
Date: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
Operating cash generation
Consistently positive and improving operating cash flow (£60.8m) and stronger free cash flow provide durable internal funding for capex, debt reduction and working capital. Reliable cash conversion reduces dependency on external financing and supports medium-term resilience.
Negative Factors
Revenue decline and margin compression
A sharp step-down in operating margin and a return to a small loss in 2025 signal durability concerns: even with gross margin holding, operating profitability weakened substantially, implying mix, pricing or cost control issues that can persist absent structural fixes.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating cash generation
Consistently positive and improving operating cash flow (£60.8m) and stronger free cash flow provide durable internal funding for capex, debt reduction and working capital. Reliable cash conversion reduces dependency on external financing and supports medium-term resilience.
Read all positive factors
James Fisher & Sons (FSJ) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£245.26M
Dividend YieldN/A
Average Volume (3M)50.10K
Price to Earnings (P/E)―
Beta (1Y)0.28
Revenue Growth-9.89%
EPS Growth-109.47%
CountryUK
Employees1,899
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)-0.09
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 Upside61.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.22
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
Neutral
489.00
Price Trends
484.38
Negative
455.51
Positive
412.52
Positive
Market Momentum
2.76
Negative
47.68
Neutral
34.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:FSJ, the sentiment is Neutral. The current price of 489 is above the 20-day moving average (MA) of 475.55, above the 50-day MA of 484.38, and above the 200-day MA of 412.52, indicating a neutral trend. The MACD of 2.76 indicates Negative momentum. The RSI at 47.68 is Neutral, neither overbought nor oversold. The STOCH value of 34.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | £2.70B | 12.29 | 16.69% | 1.27% | 1.69% | 276.44% | |
77 Outperform | £251.16M | 4.85 | 11.00% | 4.85% | 42.35% | 48.46% | |
75 Outperform | £1.48B | 7.92 | 12.93% | 2.89% | -4.54% | -22.81% | |
74 Outperform | £3.86B | 5.41 | 23.73% | 1.80% | 15.24% | 54.30% | |
64 Neutral | £75.75M | 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 | £245.26M | -23.73 | -2.37% | ― | -9.89% | -109.47% |
* Industrials Sector Average
GB:FSJ
James Fisher & Sons
480.00
170.00
54.84%
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GB:SRP
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James Fisher & Sons Corporate Events
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
James Fisher & Sons grants CEO options under all-employee Sharesave scheme
Positive
May 18, 2026
James Fisher Sons has granted its chief executive officer, Jean Vernet, options over 4,164 ordinary shares under the company’s all-employee Sharesave scheme, at an exercise price of £4.37 per share and an expected maturity date of 1 Ju...
Business Operations and StrategyStock BuybackShareholder Meetings
James Fisher and Sons Wins Strong Shareholder Backing at 2026 AGM
Positive
May 13, 2026
James Fisher and Sons plc reported that all 18 resolutions put to shareholders at its annual general meeting on 13 May 2026 were approved, reflecting strong investor support for the board and its strategy. Shareholders backed the 2025 annual repor...
Executive/Board Changes
James Fisher and Sons awards new deferred bonus and long-term incentive shares to top executives
Neutral
Apr 22, 2026
James Fisher and Sons has granted new deferred bonus and long-term incentive share awards to chief executive Jean Vernet and chief financial officer Karen Hayzen-Smith, converting part of their annual bonuses into conditional share awards under it...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
James Fisher and Sons publishes 2025 annual report and sets May AGM
Neutral
Apr 8, 2026
James Fisher and Sons plc has published its Annual Report and Accounts for the year ended 31 December 2025, along with the Notice of Annual General Meeting and proxy form, making them available to shareholders via its website and the UK National S...
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 ...
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.