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Foresight Solar Fund

DB:1F5
Snowflake Description

Excellent balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1F5
DB
£675M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Foresight Solar Fund Limited (LSE:FSFL) specializes infrastructure investments in new energy and environment with a focus on solar power plants and solar farms. The last earnings update was 23 days ago. More info.


Add to Portfolio Compare Print
  • Foresight Solar Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Foresight Solar Fund has significant price volatility in the past 3 months.
1F5 Share Price and Events
7 Day Returns
8.8%
DB:1F5
3%
DE Capital Markets
2.2%
DE Market
1 Year Returns
-12.7%
DB:1F5
-6.9%
DE Capital Markets
-17.2%
DE Market
1F5 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Foresight Solar Fund (1F5) 8.8% -10% -19.9% -12.7% -2.4% -14.6%
DE Capital Markets 3% -17.7% -13.1% -6.9% -24.7% -54.9%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • 1F5 underperformed the Capital Markets industry which returned -6.9% over the past year.
  • 1F5 outperformed the Market in Germany which returned -17.2% over the past year.
Price Volatility
1F5
Industry
5yr Volatility vs Market

1F5 Value

 Is Foresight Solar Fund undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Foresight Solar Fund to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Foresight Solar Fund.

DB:1F5 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= £1.05 * 6.8%
£0.07
Book Value of Equity per Share Median Book Value from the past 5 years. £1.05
Discount Rate (Cost of Equity) See below 4.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:1F5
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 19%) (0.03%))
0.835
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.835 * 6.07%)
4.68%

Discounted Cash Flow Calculation for DB:1F5 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Foresight Solar Fund is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:1F5 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.8% – 4.68%) * £1.05)
£0.02
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.02 / (4.68% - -0.39%)
£0.45
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £1.05 + £0.45
£1.5
DB:1F5 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:1F5 represents 1.04933x of LSE:FSFL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.04933x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 1.50 x 1.04933
€1.57
Value per share (EUR) From above. €1.57
Current discount Discount to share price of €1.17
= -1 x (€1.17 - €1.57) / €1.57
25.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Foresight Solar Fund is available for.
Intrinsic value
26%
Share price is €1.17 vs Future cash flow value of €1.57
Current Discount Checks
For Foresight Solar Fund to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Foresight Solar Fund's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Foresight Solar Fund's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Foresight Solar Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Foresight Solar Fund's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:1F5 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in GBP £-0.02
LSE:FSFL Share Price ** LSE (2020-04-01) in GBP £1.12
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 22.55x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Foresight Solar Fund.

DB:1F5 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:FSFL Share Price ÷ EPS (both in GBP)

= 1.12 ÷ -0.02

-58.89x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Foresight Solar Fund is loss making, we can't compare its value to the DE Capital Markets industry average.
  • Foresight Solar Fund is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Foresight Solar Fund's expected growth come at a high price?
Raw Data
DB:1F5 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -58.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 1.59x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Foresight Solar Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Foresight Solar Fund's assets?
Raw Data
DB:1F5 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in GBP £1.04
LSE:FSFL Share Price * LSE (2020-04-01) in GBP £1.12
Germany Capital Markets Industry PB Ratio Median Figure of 31 Publicly-Listed Capital Markets Companies 1.5x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:1F5 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:FSFL Share Price ÷ Book Value per Share (both in GBP)

= 1.12 ÷ 1.04

1.07x

* Primary Listing of Foresight Solar Fund.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Foresight Solar Fund is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Foresight Solar Fund's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Foresight Solar Fund has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

1F5 Future Performance

 How is Foresight Solar Fund expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Foresight Solar Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
39.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Foresight Solar Fund expected to grow at an attractive rate?
  • Unable to compare Foresight Solar Fund's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Foresight Solar Fund's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Foresight Solar Fund's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:1F5 Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:1F5 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:1F5 Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:1F5 Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-12-31 -4 33 -11
2019-09-30 31 26 24
2019-06-30 66 19 59
2019-03-31 64 20 58
2018-12-31 62 20 56
2018-09-30 49 15 43
2018-06-30 36 9 30
2018-03-31 38 10 32
2017-12-31 40 10 35
2017-09-30 38 3 34
2017-06-30 36 -4 33
2017-03-31 35 0 32

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Foresight Solar Fund is high growth as no earnings estimate data is available.
  • Unable to determine if Foresight Solar Fund is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:1F5 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Foresight Solar Fund Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1F5 Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:1F5 Past Financials Data
Date (Data in GBP Millions) EPS *
2019-12-31 -0.02
2019-09-30 0.04
2019-06-30 0.11
2019-03-31 0.11
2018-12-31 0.12
2018-09-30 0.09
2018-06-30 0.07
2018-03-31 0.08
2017-12-31 0.09
2017-09-30 0.09
2017-06-30 0.10
2017-03-31 0.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Foresight Solar Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Foresight Solar Fund's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Foresight Solar Fund has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

1F5 Past Performance

  How has Foresight Solar Fund performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Foresight Solar Fund's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Foresight Solar Fund does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Foresight Solar Fund's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Foresight Solar Fund's 1-year growth to the DE Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Foresight Solar Fund's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Foresight Solar Fund Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1F5 Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 -3.80 -10.75 6.95
2019-09-30 31.14 24.30 6.83
2019-06-30 66.07 59.36 6.72
2019-03-31 64.10 57.68 6.42
2018-12-31 62.13 56.01 6.12
2018-09-30 48.92 42.83 6.08
2018-06-30 35.71 29.66 6.04
2018-03-31 37.89 32.38 5.51
2017-12-31 40.07 35.09 4.98
2017-09-30 38.23 34.00 4.22
2017-06-30 36.38 32.92 3.47
2017-03-31 35.31 31.83 3.48
2016-12-31 34.24 30.74 3.50
2016-09-30 26.68 24.93 3.44
2016-06-30 19.12 19.12 3.38
2016-03-31 18.81 17.17 3.33
2015-12-31 18.50 15.21 3.29
2014-12-31 13.56 8.11 2.98

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Foresight Solar Fund has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Foresight Solar Fund has efficiently used its assets last year compared to the DE Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Foresight Solar Fund improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Foresight Solar Fund's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Foresight Solar Fund has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

1F5 Health

 How is Foresight Solar Fund's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Foresight Solar Fund's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Foresight Solar Fund is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Foresight Solar Fund has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Foresight Solar Fund's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 469.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Foresight Solar Fund Company Filings, last reported 3 months ago.

DB:1F5 Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 628.02 0.19 18.93
2019-09-30 628.02 0.19 18.93
2019-06-30 601.54 0.19 5.71
2019-03-31 601.54 0.19 5.71
2018-12-31 610.26 0.18 12.28
2018-09-30 610.26 0.18 12.28
2018-06-30 473.13 0.00 0.18
2018-03-31 473.13 0.00 0.18
2017-12-31 481.31 0.00 14.67
2017-09-30 481.31 0.00 14.67
2017-06-30 432.80 0.00 5.40
2017-03-31 432.80 0.00 5.40
2016-12-31 350.77 0.00 39.38
2016-09-30 350.77 0.00 39.38
2016-06-30 279.75 162.13 9.71
2016-03-31 279.75 162.13 9.71
2015-12-31 279.11 0.00 12.92
2014-12-31 209.83 48.11 6.77
  • Foresight Solar Fund's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (22.8% vs 0% today).
  • Debt is well covered by operating cash flow (17718.7%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Foresight Solar Fund's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Foresight Solar Fund's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Foresight Solar Fund has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

1F5 Dividends

 What is Foresight Solar Fund's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.06%
Current annual income from Foresight Solar Fund dividends.
If you bought €2,000 of Foresight Solar Fund shares you are expected to receive €121 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Foresight Solar Fund's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • Foresight Solar Fund's dividend is above the markets top 25% of dividend payers in Germany (4.87%).
Upcoming dividend payment

Purchase Foresight Solar Fund before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:1F5 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:1F5 Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
DB:1F5 Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2020-03-09 0.068 6.451
2020-01-22 0.068 5.773
2019-08-22 0.068 5.576
2019-07-11 0.068 5.599
2018-11-23 0.066 5.716
2018-08-22 0.066 5.932
2018-02-22 0.063 5.881
2017-08-16 0.063 5.854
2017-02-16 0.062 5.614
2016-10-18 0.062 5.840
2016-08-15 0.062 6.003
2016-05-03 0.062 6.329
2016-02-29 0.061 6.301
2015-08-05 0.061 6.094
2015-04-27 0.061 5.880
2015-03-03 0.060 5.852

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Foresight Solar Fund has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Foresight Solar Fund only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Foresight Solar Fund's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Foresight Solar Fund's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Foresight Solar Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Foresight Solar Fund has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

1F5 Management

 What is the CEO of Foresight Solar Fund's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Hughes
CEO Bio

Mr. David Hughes serves as Chief Investment Officer and Partner at Foresight Group. Mr. Hughes joined Foresight Group on September 8, 2004. He served with Bank Austria Private Equity and AXA Framlington Group Ltd. Mr. Hughes was employed at Advent Venture Partners in 2001 and assisted in the development of the firm's existing venture capital trust business and was transferred to VCF Partners as a result of acquisition of VCT fund management by VCF Partners. He joined 3i plc as an Investment Executive in 1974, where he became a Director at 3i Corporate Finance, advising public and private companies in a variety of sectors on their corporate strategy, including fund raising, acquisitions and disposals. Mr. Hughes joined Framlington Group in 1993 and established and managed an investment trust directly investing in smaller listed companies capitalized at below £50 million. In 1997, he was recruited by Bank Austria AG to develop its private equity activities, establishing and managing a team of five staff making investments principally in small technology United Kingdom based companies. He serves on the Board of Directors of The Bunker Secure Hosting Limited. He served as Investor Director of Lab901 Limited. He served as a Director of 3i Group plc. and Advanced Visual Technology Ltd. Mr. Hughes served as a Director at High Integrity Solutions Limited since June 23, 2005. He has 32 years' venture capital and corporate finance experience gained principally at 3i. Mr. Hughes qualified as a Chartered Certified Accountant at 3i. He graduated from Bristol University with a first class degree in Chemistry.

CEO Compensation
  • Insufficient data for David to compare compensation growth.
  • Insufficient data for David to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

David Hughes

TITLE
Chief Executive Officer

Matt Smith

TITLE
TENURE
3.3 yrs

Peter English

TITLE
Founding Partner

James Livingston

TITLE
Investment Professional
AGE
38
Board of Directors

Alex Ohlsson

TITLE
Non-Executive Chairman and Non Executive Director

Chris Ambler

TITLE
Non-Executive Director & Chairman of Audit Committee
AGE
49
TENURE
6.5 yrs

Peter Dicks

TITLE
Non-Executive Director
AGE
76
TENURE
6.7 yrs

James Samworth

TITLE
Director
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Foresight Solar Fund's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Foresight Solar Fund has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

1F5 News

Simply Wall St News

1F5 Company Info

Description

Foresight Solar Fund Limited (LSE:FSFL) specializes infrastructure investments in new energy and environment with a focus on solar power plants and solar farms. It seeks to invest in the United Kingdom.

Details
Name: Foresight Solar Fund Limited
1F5
Exchange: DB
Founded: 2013
£764,510,719
605,196,526
Website: http://
Address: Foresight Solar Fund Limited
The Shard,
32 London Bridge Street,
London,
Greater London, SE1 9SG,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE FSFL Ordinary Shares London Stock Exchange GB GBP 29. Oct 2013
DB 1F5 Ordinary Shares Deutsche Boerse AG DE EUR 29. Oct 2013
BATS-CHIXE FSFLl Ordinary Shares BATS 'Chi-X Europe' GB GBP 29. Oct 2013
Number of employees
Current staff
Staff numbers
0
Foresight Solar Fund employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 22:35
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2019/03/06
Last earnings filing: 2020/03/09
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.