# Foresight 4 VCT (FTF.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 43p, market value 166 millionp.

## Valuation
- **P/E (trailing): 42.6×** (5-yr avg 918.8×, 3-yr avg 1039.8×). Foresight 4 VCT trades at 42.6× trailing earnings, well below its own five-year average of 918.8×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 8.3×**. Each dollar of revenue is priced at 8.3×.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 27.6×**. Enterprise value is 27.6× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: -2.7%** (5-yr avg 0.0%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 2.3%**. The inverse of the P/E: 2.3% of the price is earned each year.

## Profitability
- **Gross margin: 42.2%**. Foresight 4 VCT keeps 42.2% of revenue after the direct cost of what it sells.
- **Operating margin: 23.8%**. 23.8% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 45.6%**. 45.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 2.3%**. 2.3% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 3.9%**. Return on all capital, debt included, is 3.9%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 2.9%**. Each dollar of assets produces 2.9% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -75.1%** (3-yr -29.1%/yr). Revenue fell 75.1% over the last year.
- **EPS growth (1 yr): -72.9%** (3-yr -53.0%/yr). Earnings per share fell 72.9%, roughly in step with revenue.

## Financial health
- **Piotroski F-score: 2/9**. 2 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: 35 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**. Foresight 4 VCT does not currently pay a dividend, but it returned -11.8% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): -5.7%** (YTD 9007.5%, 3-mo -8.9%). The shares are down 5.7% over twelve months including dividends.
- **From 52-week high: -12.7%** (9670.6% above the low). Trading 13% 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): 44**. An RSI of 44 is neutral.

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

Not investment advice.