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James Fisher and Sons

LSE:FSJ
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FSJ
LSE
£660M
Market Cap
  1. Home
  2. GB
  3. Transportation
Company description

James Fisher and Sons plc, together with its subsidiaries, provides marine and specialist engineering services worldwide. The last earnings update was 16 days ago. More info.


Add to Portfolio Compare Print
  • James Fisher and Sons has significant price volatility in the past 3 months.
FSJ Share Price and Events
7 Day Returns
2%
LSE:FSJ
-10.2%
GB Infrastructure
-2.2%
GB Market
1 Year Returns
-33.4%
LSE:FSJ
-48.9%
GB Infrastructure
-25.9%
GB Market
FSJ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
James Fisher and Sons (FSJ) 2% -28% -33.6% -33.4% -20.8% -1.3%
GB Infrastructure -10.2% -40.2% -49.5% -48.9% -53.6% -55.9%
GB Market -2.2% -21.7% -29.6% -25.9% -26.6% -26.2%
1 Year Return vs Industry and Market
  • FSJ outperformed the Infrastructure industry which returned -48.9% over the past year.
  • FSJ underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -25.9% over the past year.
Price Volatility
FSJ
Industry
5yr Volatility vs Market

Value

 Is James Fisher and Sons 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 James Fisher and Sons 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 James Fisher and Sons.

LSE:FSJ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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 LSE:FSJ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.67
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.669 (1 + (1- 19%) (37.73%))
0.915
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.915 * 6.07%)
6.09%

Discounted Cash Flow Calculation for LSE:FSJ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for James Fisher and Sons is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

LSE:FSJ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 6.09%)
2020 72.30 Analyst x1 68.15
2021 49.50 Analyst x2 43.98
2022 57.10 Analyst x1 47.82
2023 62.44 Est @ 9.35% 49.29
2024 66.62 Est @ 6.7% 49.58
2025 69.85 Est @ 4.85% 49.00
2026 72.34 Est @ 3.55% 47.83
2027 74.25 Est @ 2.65% 46.28
2028 75.74 Est @ 2.01% 44.50
2029 76.93 Est @ 1.57% 42.61
Present value of next 10 years cash flows £489.00
LSE:FSJ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £76.93 × (1 + 0.53%) ÷ (6.09% – 0.53%)
£1,391.82
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £1,391.82 ÷ (1 + 6.09%)10
£770.86
LSE:FSJ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £489.00 + £770.86
£1,259.86
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £1,259.86 / 50.35
£25.02
LSE:FSJ Discount to Share Price
Calculation Result
Value per share (GBP) From above. £25.02
Current discount Discount to share price of £13.10
= -1 x (£13.10 - £25.02) / £25.02
47.6%

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

Current Discount
Amount off the current price James Fisher and Sons is available for.
Intrinsic value
48%
Share price is £13.1 vs Future cash flow value of £25.02
Current Discount Checks
For James Fisher and Sons to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • James Fisher and Sons's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • James Fisher and Sons's share price is below the future cash flow value, and 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 James Fisher and Sons's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are James Fisher and Sons's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:FSJ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in GBP £0.73
LSE:FSJ Share Price ** LSE (2020-04-03) in GBP £13.1
United Kingdom of Great Britain and Northern Ireland Infrastructure Industry PE Ratio Median Figure of 6 Publicly-Listed Infrastructure Companies 8.13x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.32x

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

** Primary Listing of James Fisher and Sons.

LSE:FSJ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 13.1 ÷ 0.73

17.95x

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

  • James Fisher and Sons is overvalued based on earnings compared to the GB Infrastructure industry average.
  • James Fisher and Sons is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does James Fisher and Sons's expected growth come at a high price?
Raw Data
LSE:FSJ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
14.9%per year
Europe Infrastructure Industry PEG Ratio Median Figure of 18 Publicly-Listed Infrastructure Companies 1.2x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 0.97x

*Line of best fit is calculated by linear regression .

LSE:FSJ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.95x ÷ 14.9%

1.2x

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

  • James Fisher and Sons is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on James Fisher and Sons's assets?
Raw Data
LSE:FSJ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in GBP £6.22
LSE:FSJ Share Price * LSE (2020-04-03) in GBP £13.1
United Kingdom of Great Britain and Northern Ireland Infrastructure Industry PB Ratio Median Figure of 8 Publicly-Listed Infrastructure Companies 0.63x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.06x
LSE:FSJ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 13.1 ÷ 6.22

2.11x

* Primary Listing of James Fisher and Sons.

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

  • James Fisher and Sons is overvalued based on assets compared to the GB Infrastructure industry average.
X
Value checks
We assess James Fisher and Sons'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 Infrastructure 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 Infrastructure industry average (and greater than 0)? (1 check)
  5. James Fisher and Sons 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.

Future Performance

 How is James Fisher and Sons expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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
14.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is James Fisher and Sons expected to grow at an attractive rate?
  • James Fisher and Sons's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • James Fisher and Sons's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • James Fisher and Sons's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:FSJ Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:FSJ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 14.9%
LSE:FSJ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 4.5%
Europe Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 4.8%
United Kingdom of Great Britain and Northern Ireland Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 1.4%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*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
LSE:FSJ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:FSJ Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 706 100 59 1
2021-12-31 678 108 53 3
2020-12-31 649 115 51 3
2020-04-05
LSE:FSJ Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-12-31 617 58 37
2019-09-30 603 73 41
2019-06-30 588 88 45
2019-03-31 575 88 45
2018-12-31 562 87 45
2018-09-30 544 66 44
2018-06-30 527 44 42
2018-03-31 513 33 41
2017-12-31 499 21 39
2017-09-30 494 25 39
2017-06-30 489 30 39
2017-03-31 478 37 39

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • James Fisher and Sons's earnings are expected to grow by 14.9% yearly, however this is not considered high growth (20% yearly).
  • James Fisher and Sons's revenue is expected to grow by 4.5% yearly, however this is not considered high growth (20% yearly).
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
LSE:FSJ 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 3 Analyst Estimates (S&P Global) See Below

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

LSE:FSJ Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.17 1.17 1.17 1.00
2021-12-31 1.06 1.06 1.06 1.00
2020-12-31 1.00 1.00 1.00 1.00
2020-04-05
LSE:FSJ Past Financials Data
Date (Data in GBP Millions) EPS *
2019-12-31 0.73
2019-09-30 0.81
2019-06-30 0.89
2019-03-31 0.89
2018-12-31 0.89
2018-09-30 0.87
2018-06-30 0.84
2018-03-31 0.81
2017-12-31 0.78
2017-09-30 0.78
2017-06-30 0.78
2017-03-31 0.78

*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.
  • James Fisher and Sons is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess James Fisher and Sons'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
James Fisher and Sons has a total score of 2/6, 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.

Past Performance

  How has James Fisher and Sons 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 James Fisher and Sons's growth in the last year to its industry (Infrastructure).
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.
  • James Fisher and Sons's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • James Fisher and Sons's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • James Fisher and Sons's 1-year earnings growth is negative, it can't be compared to the Europe Infrastructure industry average.
Earnings and Revenue History
James Fisher and Sons'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 James Fisher and Sons Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:FSJ Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 617.10 36.70 130.20
2019-09-30 602.50 40.60 122.05
2019-06-30 587.90 44.50 113.20
2019-03-31 574.70 44.70 110.05
2018-12-31 561.50 44.90 107.60
2018-09-30 544.40 43.60 106.75
2018-06-30 527.30 42.30 105.90
2018-03-31 513.30 40.60 103.45
2017-12-31 499.30 38.90 101.00
2017-09-30 494.24 38.88 98.23
2017-06-30 489.18 38.87 95.46
2017-03-31 477.59 39.28 94.38
2016-12-31 466.00 39.70 93.30
2016-09-30 450.09 39.66 90.25
2016-06-30 434.19 39.62 87.19
2016-03-31 436.06 39.75 86.58
2015-12-31 437.93 39.89 85.98
2015-09-30 439.85 39.43 87.72
2015-06-30 441.78 38.98 89.46
2015-03-31 443.29 39.52 88.29
2014-12-31 444.80 40.07 87.13
2014-09-30 436.93 40.11 83.78
2014-06-30 429.06 40.15 80.42
2014-03-31 421.37 39.20 78.06
2013-12-31 413.67 38.25 75.70
2013-09-30 394.69 39.53 59.34
2013-06-30 375.71 40.80 42.98

*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.
  • James Fisher and Sons has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • James Fisher and Sons used its assets more efficiently than the GB Infrastructure industry average last year based on Return on Assets.
  • James Fisher and Sons's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess James Fisher and Sons'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 Infrastructure 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.
James Fisher and Sons has a total score of 2/6, 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.

Health

 How is James Fisher and Sons'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 James Fisher and Sons's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • James Fisher and Sons is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • James Fisher and Sons's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of James Fisher and Sons'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.3x 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 James Fisher and Sons Company Filings, last reported 3 months ago.

LSE:FSJ Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 314.00 218.70 18.50
2019-09-30 314.00 218.70 18.50
2019-06-30 308.70 176.60 17.40
2019-03-31 308.70 176.60 17.40
2018-12-31 306.40 132.00 18.60
2018-09-30 306.40 132.00 18.60
2018-06-30 283.80 156.50 12.10
2018-03-31 283.80 156.50 12.10
2017-12-31 279.00 152.40 20.30
2017-09-30 279.00 152.40 20.30
2017-06-30 264.36 143.02 14.86
2017-03-31 264.36 143.02 14.86
2016-12-31 258.30 127.40 21.80
2016-09-30 258.30 127.40 21.80
2016-06-30 230.58 135.11 29.72
2016-03-31 230.58 135.11 29.72
2015-12-31 220.40 116.65 22.96
2015-09-30 220.40 116.65 22.96
2015-06-30 209.18 131.94 28.07
2015-03-31 209.18 131.94 28.07
2014-12-31 204.19 80.62 17.72
2014-09-30 204.19 80.62 17.72
2014-06-30 190.56 103.13 20.88
2014-03-31 190.56 103.13 20.88
2013-12-31 183.81 78.14 23.98
2013-09-30 183.81 78.14 23.98
2013-06-30 168.38 109.98 33.03
  • James Fisher and Sons's level of debt (69.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (39.7% vs 69.6% today).
  • Debt is well covered by operating cash flow (26.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.9x coverage).
X
Financial health checks
We assess James Fisher and Sons'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. James Fisher and Sons has a total score of 4/6, 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.

Dividends

 What is James Fisher and Sons'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
2.65%
Current annual income from James Fisher and Sons dividends. Estimated to be 2.61% next year.
If you bought £2,000 of James Fisher and Sons shares you are expected to receive £53 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?
  • James Fisher and Sons's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.66%).
  • James Fisher and Sons's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.42%).
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
LSE:FSJ 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 3 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 7.1%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 595 Stocks 5.7%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.7%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.4%

Industry and Market average data is calculated daily.

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

LSE:FSJ Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.46 1.00
2021-12-31 0.42 3.00
2020-12-31 0.00 1.00
2020-04-05
LSE:FSJ Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2020-03-20 0.347 2.678
2020-02-27 0.347 2.145
2019-03-25 0.316 1.602
2019-02-26 0.316 1.514
2018-03-26 0.287 1.624
2018-02-27 0.287 1.791
2017-03-30 0.262 1.663
2017-03-01 0.262 1.649
2016-04-14 0.238 1.567
2016-03-02 0.238 1.919
2015-03-27 0.220 1.988
2015-03-03 0.220 1.620
2014-03-18 0.200 1.583
2014-03-04 0.200 1.338
2013-03-06 0.177 1.606
2012-03-06 0.161 2.343
2012-03-05 0.161 2.857
2011-03-15 0.147 2.789
2011-03-14 0.147 2.845
2010-08-23 0.138 2.745
2010-03-16 0.136 3.141
2010-03-15 0.136 3.306

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of James Fisher and Sons's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess James Fisher and Sons's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 James Fisher and Sons afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. James Fisher and Sons has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of James Fisher and Sons'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
Eoghan O'Lionaird
COMPENSATION £889,000
TENURE AS CEO 0.5 years
CEO Bio

Mr. Eoghan O’Lionaird has served as Chief Executive Officer at James Fisher and Sons plc since October 01, 2019 and has been Executive Director since he joined in September 2019. He was Business Group Director of Spectris plc since February 3, 2014 until 2019. Mr. O’Lionaird has responsibility for the Materials Analysis and Test & Measurement segments and also has overall executive responsibility for sustainability matters. He held senior management roles at Danaher Corporation and Royal Philips Electronics. An engineer by background, he started his career in Japan with technical, marketing and management roles at Mitsui Kinzoku. He has wide-ranging engineering and commercial expertise. He served as Interim Managing Director at Brüel & Kjær Sound & Vibration Measurement A/S until 2015. He served as Senior Vice President and General Manager of Home Healthcare Solutions' Sleep Business at Koninklijke Philips N.V (alternative name Koninklijke Philips Electronics NV) since October 2009. He served as the President at Leica Microsystems GmbH of Danaher Corporation. Prior to this, he spent 11 years in Philips in a number of management roles, as Chief Executive Officer of the Respironics Sleep business unit based in the USA. He started his career with Mitsui Mining and Smelting where he held a number of engineering and commercial positions. He has worked extensively in Asia, Europe and the USA. He has engineering degrees in electronics and controls from University College, Cork and the University of Limerick and also MBA from IMD in Lausanne.

CEO Compensation
  • Insufficient data for Eoghan to compare compensation growth.
  • Eoghan's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the James Fisher and Sons management team in years:

2.1
Average Tenure
  • The tenure for the James Fisher and Sons management team is about average.
Management Team

Eoghan O'Lionaird

TITLE
CEO & Executive Director
COMPENSATION
£889K
TENURE
0.5 yrs

Stuart Kilpatrick

TITLE
Group Finance Director & Executive Director
COMPENSATION
£733K
AGE
56
TENURE
9.3 yrs

Fergus Graham

TITLE
Executive Officer
COMPENSATION
£428K
TENURE
2.1 yrs

Jim Marsh

TITLE
Group General Counsel & Company Secretary

Danielle Le Breton

TITLE
Group Head of Human Resources
Board of Directors Tenure

Average tenure and age of the James Fisher and Sons board of directors in years:

1.9
Average Tenure
59
Average Age
  • The average tenure for the James Fisher and Sons board of directors is less than 3 years, this suggests a new board.
Board of Directors

Malcolm Paul

TITLE
Chairman of the Board
COMPENSATION
£205K
AGE
68
TENURE
1.9 yrs

Eoghan O'Lionaird

TITLE
CEO & Executive Director
COMPENSATION
£889K
TENURE
0.6 yrs

Stuart Kilpatrick

TITLE
Group Finance Director & Executive Director
COMPENSATION
£733K
AGE
56
TENURE
9.3 yrs

Aedamar Comiskey

TITLE
Senior Independent Director
COMPENSATION
£61K
AGE
52
TENURE
1.1 yrs

Justin Atkinson

TITLE
Independent Non-Executive Director
COMPENSATION
£65K
AGE
59
TENURE
2.2 yrs

Mike Salter

TITLE
Independent Non-Executive Director
COMPENSATION
£53K
AGE
71
TENURE
6.7 yrs

Inken Braunschmidt

TITLE
Independent Non-Executive Director
COMPENSATION
£44K
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by James Fisher and Sons individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
17. Mar 20 Buy Eoghan O'Lionaird Individual 16. Mar 20 16. Mar 20 1,729 £14.37 £24,853
09. Jan 20 Buy Eoghan O'Lionaird Individual 28. Nov 19 30. Dec 19 6,463 £20.50 £129,468
X
Management checks
We assess James Fisher and Sons'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. James Fisher and Sons 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.

News

Simply Wall St News

Should You Be Adding James Fisher and Sons (LON:FSJ) To Your Watchlist Today?

See our latest analysis for James Fisher and Sons James Fisher and Sons's Improving Profits Even modest earnings per share growth (EPS) can create meaningful value, when it is sustained reliably from year to year. … James Fisher and Sons maintained stable EBIT margins over the last year, all while growing revenue 11% to UK£588m. … Of course, just because James Fisher and Sons is growing does not mean it is undervalued.

Simply Wall St -

Should James Fisher and Sons (LON:FSJ) Be Disappointed With Their 43% Profit?

For example, the James Fisher and Sons plc (LON:FSJ) share price is up 43% in the last 5 years, clearly besting than the market return of around 2.0% (ignoring dividends). … During five years of share price growth, James Fisher and Sons achieved compound earnings per share (EPS) growth of 3.1% per year. … As it happens, James Fisher and Sons's TSR for the last 5 years was 57%, which exceeds the share price return mentioned earlier.

Simply Wall St -

What Should Investors Know About James Fisher and Sons plc's (LON:FSJ) Future?

Since James Fisher and Sons plc (LON:FSJ) released its earnings in December 2018, analyst consensus outlook appear cautiously optimistic, as a 4.2% increase in profits is expected in the upcoming year, compared with the past 5-year average growth rate of 1.7%. … View our latest analysis for James Fisher and Sons How will James Fisher and Sons perform in the near future? … For James Fisher and Sons, there are three pertinent aspects you should further research: Financial Health: Does it have a healthy balance sheet?

Simply Wall St -

James Fisher and Sons plc (LON:FSJ): What Are The Future Prospects?

The most recent earnings update James Fisher and Sons plc's (LON:FSJ) released in March 2019 confirmed that the business benefited from a strong tailwind, eventuating to a double-digit earnings growth of 15%. … Investors may find it useful to understand how market analysts perceive James Fisher and Sons's earnings growth outlook over the next couple of years and whether the future looks even brighter than the past. … See our latest analysis for James Fisher and Sons Market analysts' consensus outlook for next year seems rather subdued, with earnings growing by a single digit 4.1%.

Simply Wall St -

James Fisher and Sons plc (LON:FSJ) Earns Among The Best Returns In Its Industry

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for James Fisher and Sons: 0.13 = UK£60m ÷ (UK£606m - UK£154m) (Based on the trailing twelve months to December 2018.) Therefore, James Fisher and Sons has an ROCE of 13%. … What Are Current Liabilities, And How Do They Affect James Fisher and Sons's ROCE? … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

James Fisher and Sons (LON:FSJ) Has A Pretty Healthy Balance Sheet

LSE:FSJ Historical Debt, July 1st 2019 How Healthy Is James Fisher and Sons's Balance Sheet? … Since James Fisher and Sons does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time. … But ultimately the future profitability of the business will decide if James Fisher and Sons can strengthen its balance sheet over time.

Simply Wall St -

Does James Fisher and Sons plc's (LON:FSJ) 15% Earnings Growth Reflect The Long-Term Trend?

Let's see if it is solely attributable to an industry uplift, or if James Fisher and Sons has seen some company-specific growth. … While James Fisher and Sons has a good historical track record with positive growth and profitability, there's no certainty that this will extrapolate into the future. … I recommend you continue to research James Fisher and Sons to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for FSJ’s future growth?

Simply Wall St -

Brief Commentary On James Fisher and Sons plc's (LON:FSJ) Fundamentals

If you're interested in understanding beyond my broad commentary, take a look at the report on James Fisher and Sons here. … LSE:FSJ Income Statement, June 20th 2019 Next Steps: For James Fisher and Sons, there are three relevant aspects you should look at: Future Outlook: What are well-informed industry analysts predicting for FSJ’s future growth? … Take a look at our free research report of analyst consensus for FSJ’s outlook.

Simply Wall St -

Is James Fisher and Sons plc's (LON:FSJ) CEO Overpaid Relative To Its Peers?

View our latest analysis for James Fisher and Sons How Does Nick Henry's Compensation Compare With Similar Sized Companies? … It would therefore appear that James Fisher and Sons plc pays Nick Henry more than the median CEO remuneration at companies of a similar size, in the same market. … We compared total CEO remuneration at James Fisher and Sons plc with the amount paid at companies with a similar market capitalization.

Simply Wall St -

Should James Fisher and Sons plc (LON:FSJ) Be Part Of Your Dividend Portfolio?

James Fisher and Sons has been growing its dividend at a decent rate, and the payments have been stable despite the short payment history. … Conclusion To summarise, shareholders should always check that James Fisher and Sons's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend. … Overall we think James Fisher and Sons is an interesting dividend stock, although it could be better.

Simply Wall St -

Company Info

Description

James Fisher and Sons plc, together with its subsidiaries, provides marine and specialist engineering services worldwide. It operates through four segments: Marine Support, Specialist Technical, Offshore Oil, and Tankships. The Marine Support segment engages in the provision of ship to ship transfer services; offshore terminal services; integrated marine services, including remotely operated vehicle systems and diving services; mass-flow excavation services; and products and services that measure and monitor structural stress, and instrumentation and testing materials to marine, oil and gas, renewables, defense, civil, and construction end markets. The Specialist Technical segment designs, supplies, and services diving and subsea equipment, submarine rescue products, and special operational services, as well as offers engineered solutions in remote handling, non-destructive testing, and calibration services to defense, commercial and defense diving, hyperbaric, submarine rescue, and nuclear decommissioning end markets. The Offshore Oil segment is involved in the design and engineering of specialist equipment; platform maintenance and modification; well testing support; provision of products and services to well testing companies; and subsea operations, as well as offers artificial lift specialist completion technology and accessory tools for electrical submersible pumps, and lifting equipment and services to the marine, offshore, and subsea industries. The Tankships segment delivers clean petroleum products by operating a fleet of product and chemical tankers, which carry petrol, diesel, gasoil, kerosene, and chemicals/biofuels in the European coastline; and is involved in port operations. James Fisher and Sons Plc was founded in 1847 and is headquartered in Barrow-in-Furness, the United Kingdom.

Details
Name: James Fisher and Sons plc
FSJ
Exchange: LSE
Founded: 1847
£659,646,740
50,354,713
Website: http://www.james-fisher.com
Address: James Fisher and Sons plc
Fisher House,
Michaelson Road,
Barrow-in-Furness,
Cumbria, LA14 1HR,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE FSJ Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
BST 6FJ Ordinary Shares Boerse-Stuttgart DE EUR 02. Jan 1992
BATS-CHIXE FSJL Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
3,213
James Fisher and Sons employees.
Industry
Marine Ports and Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 01:54
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/03/20
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.