Added to YB: 2026-01-08
Pitch date: 2026-01-05
TFW.L [bullish]
FW Thorpe Plc
+0.74%
current return
Author Info
Three Mile Research finds undervalued stocks that the market has irrationally discounted due to panic or short-term disruptions. Sign up for the newsletter.
Company Info
FW Thorpe Plc designs, manufactures, and supplies professional lighting equipment in the United Kingdom, the Netherlands, Germany, rest of Europe, and internationally.
Market Cap
GBP 311.2M
Pitch Price
GBP 2.72
Price Target
N/A
Dividend
2.59%
EV/EBITDA
6.75
P/E
12.68
EV/Sales
1.46
Sector
Electrical Equipment
Category
value
FW Thorpe: Dimmed, but not out
TFW.L: 90-year family-controlled lighting co w/ 18% op margins & 8% FCF yield trading at 13x P/E due to temp German recession (-31% SchahlLED rev) & AIM tax selling. Dominates regulated niches (emergency, cleanroom, hazardous) where failure unacceptable. Market pricing 3% FCF growth vs 8.5% 10yr CAGR. EU fluorescent ban creates forced demand.
Read full article (25 min)