Added to YB: 2025-06-30
Pitch date: 2025-06-26
FGEN.L [neutral]
Foresight Environmental Infrastructure Limited
-9.94%
current return
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
Company Info
John Laing Environmental Assets Group Limited is a fund of John Laing Capital Management Limited.
Market Cap
GBP 513.4M
Pitch Price
GBP 0.75
Price Target
N/A
Dividend
9.75%
EV/EBITDA
N/A
P/E
-197.50
EV/Sales
85.74
Sector
Capital Markets
Category
dividend
FGEN-erative return
FGEN.L (dividend play): 31% NAV discount, 10.7% discount rate seems high vs peers. 10% dividend yield, 1.32x covered. £131.6M EBITDA strong vs sector. 40 diverse UK/EU renewable assets, 73% generation + 17% resource mgmt. Low 28.7% gearing, executed NAV-accretive buybacks. Solid dividend player but lacks excitement; power price assumptions likely conservative.
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