# BlackRock Frontiers Investment Trust Plc (BRFI.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 193p, market value 318 millionp.

## Valuation
- **P/E (trailing): 6.2×** (5-yr avg 424.7×, 3-yr avg 508.9×). BlackRock Frontiers Investment Trust Plc trades at 6.2× trailing earnings, well below its own five-year average of 424.7×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 7.8×**. Each dollar of revenue is priced at 7.8×.
- **Price / book: 1.1×**. The shares trade at 1.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 4.1×**. Enterprise value is 4.1× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 0.7%** (5-yr avg 0.1%). Free cash flow equals 0.7% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 16.1%**. The inverse of the P/E: 16.1% of the price is earned each year.

## Profitability
- **Gross margin: 80.5%**. BlackRock Frontiers Investment Trust Plc keeps 80.5% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 165.8%**. 165.8% of revenue is left after running the business, an exceptional level.
- **Net margin: 72.5%**. 72.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 10.1%**. 10.1% on shareholders' equity is solid.
- **Return on invested capital: 19.8%**. Return on all capital, debt included, is 19.8%: comfortably above what that capital costs.
- **Return on assets: 17.3%**. Each dollar of assets produces 17.3% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -19.2%**. Revenue fell 19.2% over the last year.
- **EPS growth (1 yr): -22.6%**. Earnings per share fell 22.6%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): 10.3%/yr**. Free cash flow has compounded at 10.3% a year over three years.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.
- **Cash and short-term investments: 550,600p**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend: none**. BlackRock Frontiers Investment Trust Plc does not currently pay a dividend, but it returned 16.1% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): 14.9%** (YTD 5.0%, 3-mo 3.6%). The shares are up 14.9% over twelve months including dividends.
- **From 52-week high: -7.4%** (17.0% above the low). Trading 7% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 49**. An RSI of 49 is neutral.
- **Beta (1 yr): 0.72** (volatility 22%). Beta of 0.72 against the FTSE All-Share: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=BRFI.L · Page: https://foliofundamentals.com/stocks/brfi.l

Not investment advice.