Foresight Vct (FTV) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: 6.88%
• Average Volume (3M): 195.69K
• Price to Earnings (P/E): 29.5
• Beta (1Y): -0.09
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): >-0.01
• Shares Outstanding: 338,132,140
• 10 Day Avg. Volume: 574,976
• 30 Day Avg. Volume: 195,685
• PEG Ratio: 1.26
• Price to Book (P/B): 0.89
• Price to Sales (P/S): 9.57
• P/FCF Ratio: -208.56
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: 71.00p ▲(8.40% Upside)
• Action: Downgraded Date: 12/30/25
• Date: Action: Downgraded 12/30/25

The score is driven primarily by a very strong, low-risk balance sheet (no debt) but is held back by uneven cash generation and revenue volatility. Technicals are neutral with little trend strength, while the high dividend yield provides a valuation support.

Positive Factors

Strong Profitability

The significant improvement in net profit margin indicates effective cost management and strong profitability, enhancing long-term financial stability.

Robust Balance Sheet

A debt-free balance sheet with a high equity ratio provides financial flexibility and reduces risk, supporting sustainable growth and resilience.

Successful Strategic Exits

Strategic exits enhance capital reserves and demonstrate effective portfolio management, positioning the company for future investment opportunities.

Negative Factors

Revenue Decline

The decline in revenue suggests volatility in income streams, which may challenge sustained growth and require strategic adjustments.

Negative Free Cash Flow

Negative free cash flow indicates potential issues in cash generation, which could impact the company's ability to fund operations and investments.

Cash Flow Management Challenges

Challenges in cash flow management could strain liquidity and hinder the company's ability to capitalize on new investment opportunities.

Foresight Vct Business Overview & Revenue Model

Company Description

Foresight VCT Plc is a private equity and buyouts firm, venture capital trust and managed by Foresight Group. This fund invests in SME, later stage growth capital opportunities across a range of sectors. It engages in investments in unquoted or AIM-listed companies in the United Kingdom. It invests in technology companies in United Kingdom.

How the Company Makes Money

Foresight VCT makes money primarily through the appreciation of its investment portfolio and income generated from dividends or interest from its portfolio companies. The trust invests in promising SMEs with the potential for high growth, aiming to increase the value of its shares over time. Additionally, Foresight VCT benefits from the tax incentives associated with venture capital trusts, which can enhance returns for its shareholders. The company also earns revenue through successful exits, such as the sale or initial public offering of its investments, which can generate significant capital gains. Partnerships with industry experts and leveraging government initiatives to support SMEs further contribute to the company's earnings.

Foresight Vct Financial Statement Overview

Summary

Strong balance sheet strength (no debt and sizable equity base) supports financial stability, but earnings quality is mixed due to volatile revenue and weak cash conversion (2024 operating cash flow turned negative despite high reported profitability).

Income Statement

Profitability is very strong on the surface, with net margins consistently high (about 72% in 2023 and ~97% in 2024) and net income rising to ~£20.1M in 2024 from ~£16.5M in 2023. However, revenue is volatile and declined sharply in 2024 (down ~28%), following large swings in prior years, which reduces the quality and predictability of the earnings profile.

Balance Sheet

The balance sheet is conservatively positioned with zero debt across all reported years and a large equity base (~£222.9M in 2024) supporting total assets (~£226.2M). Returns on equity have improved versus 2023 (about 9.0% in 2024 vs ~7.5% in 2023), but remain well below the peak level seen in 2021, indicating profitability can fluctuate meaningfully with performance.

Cash Flow

Cash generation is uneven. Operating cash flow turned negative in 2024 (about -£1.0M) after being modestly positive in 2023 (~£0.6M), and it has also been negative in several earlier years (e.g., 2021 and 2020). While free cash flow sometimes appears strong (notably in 2019–2020), the inconsistency and the 2024 cash outflow versus strong reported profits point to weaker cash conversion and higher year-to-year volatility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.67M	20.83M	22.78M	13.38M	40.97M	6.68M
Gross Profit	4.67M	20.83M	22.78M	16.88M	44.35M	3.96M
EBITDA	0.00	20.13M	16.48M	12.70M	40.38M	0.00
Net Income	5.89M	20.13M	16.48M	12.70M	40.38M	3.38M
Balance Sheet
Total Assets	218.21M	226.18M	221.06M	192.34M	186.20M	151.92M
Cash, Cash Equivalents and Short-Term Investments	69.19M	55.92M	46.20M	19.52M	17.52M	18.94M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	2.70M	3.31M	1.94M	608.00K	751.00K	99.00K
Stockholders Equity	215.52M	222.86M	219.12M	191.73M	185.15M	151.82M
Cash Flow
Free Cash Flow	1.53M	-956.00K	572.00K	1.56M	-2.71M	6.03M
Operating Cash Flow	1.53M	-956.00K	572.00K	12.70M	-2.71M	-1.34M
Investing Cash Flow	17.24M	27.28M	15.38M	11.14M	7.70M	-7.37M
Financing Cash Flow	-8.57M	-16.60M	10.72M	-6.36M	-6.41M	15.32M

Foresight Vct Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 65.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:FTV, the sentiment is Positive. The current price of 65.5 is above the 20-day moving average (MA) of 65.43, above the 50-day MA of 65.50, and above the 200-day MA of 65.28, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 50.61 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:FTV.

Foresight Vct Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
FTV	67 Neutral	―	29.50	―	6.88%	―	―
MERC	67 Neutral	£124.33M	37.44	1.79%	3.29%	-9.37%	―
PUAL	54 Neutral	―	-14.12	-10.50%	3.08%	77.84%	64.90%

Foresight Vct Corporate Events

Foresight VCT Corrects Prospectus Date as It Launches £40m Share Offer

Foresight VCT plc has corrected an earlier announcement to confirm that its new share offer for subscription, targeting up to £40 million, will open for applications on 21 January 2026 rather than 14 January 2026, and is scheduled to close on 30 March 2026 unless fully subscribed or otherwise curtailed by the board. The capital raised is intended to support the trust’s liquidity for new investments, sustain its dividend policy, fund buybacks of its own shares and cover operating costs, with the offer priced at the latest published net asset value plus investor-borne offer costs, a structure the board expects will avoid material dilution for existing shareholders; Foresight Group LLP will receive a promoter’s fee for managing the offer, which the board, advised by BDO LLP, deems in line with market practice and fair and reasonable for shareholders.

The most recent analyst rating on (GB:FTV) stock is a Hold with a £71.00 price target. To see the full list of analyst forecasts on Foresight Vct stock, see the GB:FTV Stock Forecast page.

Foresight VCT Launches £40m Share Offer Ahead of Tax Year-End

Foresight VCT plc has launched a new share offer to raise up to £40 million, giving existing and new investors another opportunity to invest in the trust and access VCT tax benefits before the end of the 2025/26 tax year. The capital raised is intended to support the VCT’s liquidity for future investments, sustain its dividend policy, fund buybacks of its own shares and cover running costs, while the pricing structure, set at net asset value plus investor-related offer costs, is designed so that the new issue is not expected to materially dilute existing shareholders’ net asset value per share; the board has also confirmed that promoter and related party fees paid to Foresight Group LLP are in line with market practice and have been judged fair and reasonable by the company’s sponsor, BDO LLP.

The most recent analyst rating on (GB:FTV) stock is a Hold with a £71.00 price target. To see the full list of analyst forecasts on Foresight Vct stock, see the GB:FTV Stock Forecast page.

Foresight VCT Confirms Total Voting Rights at Year-End 2025

Foresight VCT plc has confirmed that as of 31 December 2025 its issued share capital comprises 299,028,488 ordinary shares, with no shares held in treasury. The company’s total number of voting rights is therefore 299,028,488, a figure that shareholders should use as the denominator when calculating whether they are required to disclose holdings or changes in their interests under the FCA’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:FTV) stock is a Hold with a £71.00 price target. To see the full list of analyst forecasts on Foresight Vct stock, see the GB:FTV Stock Forecast page.

Foresight VCT Cuts Share Capital With Buyback of Nearly 1.94 Million Shares

Foresight VCT plc has executed a share buyback, purchasing and cancelling 1,938,249 ordinary shares at 65.77p per share, reducing its issued share capital and leaving 299,028,488 ordinary shares in issue, all carrying voting rights and with no shares held in treasury. The move, carried out in compliance with FCA disclosure and transparency rules and only after all inside information had been made public, marginally increases existing shareholders’ proportional holdings and clarifies the total voting rights that investors must use when assessing and reporting changes in their interests in the company.

Foresight VCT PLC Maintains Steady Share Capital and Voting Rights

Foresight VCT PLC announced that as of November 28, 2025, its issued share capital consisted of 300,966,737 Ordinary Shares, with no changes from the previous month. The total number of voting rights is also 300,966,737, which shareholders can use to determine their notification requirements under the FCA’s Disclosure Guidance and Transparency Rules.

Foresight VCT Appoints New Non-Executive Director Amid Succession Plans

Foresight VCT plc has appointed Denise Hadgill as a non-executive director effective November 1, 2025. Denise brings a wealth of experience from her previous roles at Schroders plc and BlackRock. This appointment is part of the Board’s succession planning, with an overlap period intended to ensure a smooth transition as the current Chair, Margaret Littlejohns, prepares to retire. Patty Dimond has been recommended to succeed Margaret as Chair, ensuring continuity in leadership.

Foresight VCT Announces Total Voting Rights Update

Foresight VCT PLC has announced that as of 31 October 2025, its issued share capital consists of 300,966,737 Ordinary Shares, with no shares held in Treasury. The total number of voting rights is also 300,966,737, which shareholders can use to determine their notification requirements under the FCA’s Disclosure Guidance and Transparency Rules.

Foresight VCT Announces Share Buyback and Cancellation

Foresight VCT plc has announced the purchase and cancellation of 2,947,346 ordinary shares, adjusting its total capital to 300,966,737 shares with equivalent voting rights. This transaction aligns with the company’s strategic financial management, potentially impacting shareholder calculations under the FCA’s rules, and reflects the company’s confidence in its market positioning.