# Fair Oaks Income Limited (FAIR.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price €3.93, market value €229 million.

## Valuation
- **P/E (trailing): 16.4×** (5-yr avg 0.5×, 3-yr avg 0.6×). Fair Oaks Income Limited trades at 16.4× trailing earnings, well above its own five-year average of 0.5×: investors are paying up relative to the company's past. 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: 11.2×**. Enterprise value is 11.2× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 43.6%**. Free cash flow equals 43.6% of the market value. Above 5% is generally attractive.
- **Earnings yield: 6.1%**. The inverse of the P/E: 6.1% of the price is earned each year.

## Profitability
- **Gross margin: -4.4%**. Fair Oaks Income Limited keeps -4.4% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 57.8%**. 57.8% of revenue is left after running the business, an exceptional level.
- **Net margin: 97.3%**. 97.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 14.3%**. 14.3% on shareholders' equity is solid.
- **Return on invested capital: 9.1%**. Return on all capital, debt included, is 9.1%.
- **Return on assets: 8.4%**. Each dollar of assets produces 8.4% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 8.4%** (3-yr -19.1%/yr). Revenue grew 8.4% over the last year.
- **EPS growth (1 yr): 10.9%** (3-yr -18.0%/yr). Earnings per share rose 10.9%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): -6.6%/yr**. Free cash flow has compounded at -6.6% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.
- **Cash and short-term investments: €16 million**. 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 yield: 10.10%** (€0.40 per share, trailing). Fair Oaks Income Limited yields 10.10%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 102%** (74% of free cash flow). The dividend exceeds earnings (102% payout), though free cash flow still covers it.
- **Dividend growth (5 yr): 6.4%/yr** (1-yr -3.1%). The dividend has grown 6.4% a year over five years.
- **Shareholder yield: 13.8%**. Dividends plus net buybacks return 13.8% of the market value a year.

## Price and momentum
- **Total return (1 yr): -18.8%** (YTD -12.9%, 3-mo -2.2%). The shares are down 18.8% over twelve months including dividends.
- **From 52-week high: -27.1%** (4.9% above the low). Trading 27% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 44**. An RSI of 44 is neutral.
- **Beta (1 yr): 0.12** (volatility 23%). Beta of 0.12 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.