# Fonix Mobile plc (FNX.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Technology / IT Services. Price 168p, market value 167 millionp.

## Valuation
- **P/E (trailing): 15.2×** (5-yr avg 2213.9×, 3-yr avg 2237.6×). Fonix Mobile plc trades at 15.2× trailing earnings, well below its own five-year average of 2213.9×: cheap by its own standards. The Technology median in the September 2026 study was 32.1×. Forward P/E is 13.5×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 1.1×**. Each dollar of revenue is priced at 1.1×.
- **Price / book: 15.2×**. The shares trade at 15.2× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 4.7×**. Enterprise value is 4.7× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 13.3%** (5-yr avg 0.0%). Free cash flow equals 13.3% of the market value, above its five-year average of 0.0%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 6.6%**. The inverse of the P/E: 6.6% of the price is earned each year.

## Profitability
- **Gross margin: 23.6%**. Fonix Mobile plc keeps 23.6% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 17.8%**. 17.8% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 15.3%**. 15.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 105.8%**. A 105.8% return on equity is extremely high; check whether buybacks or debt have shrunk the equity base, which flatters the ratio.
- **Return on invested capital: -184.4%**. Return on all capital, debt included, is -184.4%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 38.4%**. Each dollar of assets produces 38.4% of profit.

## Growth
- **Revenue growth (1 yr): -4.3%** (3-yr 10.7%/yr, 5-yr 12.7%/yr). Revenue fell 4.3% over the last year, against 12.7% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 0.0%** (3-yr 11.3%/yr, 5-yr 12.8%/yr). Earnings per share rose 0.0%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): 16.3%/yr**. Free cash flow has compounded at 16.3% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.01**. Debt is 0.01 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Fonix Mobile plc holds more cash than debt.
- **Interest coverage: 642.5×**. Operating profit covers interest 642.5× over, a safe margin.
- **Current ratio: 1.18** (quick 1.18). Current assets cover the next year's liabilities 1.18 times.
- **Piotroski F-score: 8/9**. 8 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 5.34%** (0p per share, trailing). Fonix Mobile plc yields 5.34%, an income-level yield.
- **Payout ratio: 103%** (90% of free cash flow). The dividend exceeds earnings (103% payout), though free cash flow still covers it.
- **Consecutive years of increases: 5**. 5 straight years of increases.
- **Shareholder yield: 6.5%**. Dividends plus net buybacks return 6.5% of the market value a year.

## Price and momentum
- **Total return (1 yr): -22.3%** (YTD 0.5%, 3-mo 17.6%). The shares are down 22.3% over twelve months including dividends.
- **From 52-week high: -31.3%** (17.1% above the low). Trading 31% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 51**. An RSI of 51 is neutral.
- **Beta (1 yr): 0.22** (volatility 37%). Beta of 0.22 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.