# Funding Circle Holdings Plc (FCH.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services / Consumer Finance. Price 212p, market value 600 millionp.

## Valuation
- **P/E (trailing): 15.1×**. Funding Circle Holdings Plc trades at 15.1× trailing earnings. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 14.8×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.00**. A PEG of 0.00 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.6×**. Each dollar of revenue is priced at 1.6×.
- **Price / book: 2.7×**. The shares trade at 2.7× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 8.7×**. Enterprise value is 8.7× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: -17.4%** (5-yr avg -0.1%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 6.6%**. The inverse of the P/E: 6.6% of the price is earned each year.

## Profitability
- **Gross margin: 76.3%**. Funding Circle Holdings Plc keeps 76.3% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 12.4%**. 12.4% of revenue is left after running the business.
- **Net margin: 20.7%**. 20.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 20.1%**. 20.1% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 86.4%**. Return on all capital, debt included, is 86.4%: comfortably above what that capital costs.
- **Return on assets: 10.2%**. Each dollar of assets produces 10.2% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 39.0%** (3-yr 12.6%/yr, 5-yr -1.9%/yr). Revenue grew 39.0% over the last year, against -1.9% a year compounded over five years: growth is accelerating.

## Financial health
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.
- **Cash and short-term investments: 447 millionp**. 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**. Funding Circle Holdings Plc does not currently pay a dividend, but it returned 9.3% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): 77.8%** (YTD 83.1%, 3-mo 68.2%). The shares are up 77.8% over twelve months including dividends.
- **From 52-week high: -15.9%** (87.3% above the low). Trading 16% 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): 55**. An RSI of 55 is neutral.
- **Beta (1 yr): 0.93** (volatility 44%). Beta of 0.93 against the FTSE All-Share: the shares move roughly with the market.

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

Not investment advice.