# Foresight VCT (FTV.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 60p, market value 211 millionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Foresight VCT reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 10.3×**. Each dollar of revenue is priced at 10.3×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 0.8×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 10.9×**. Enterprise value is 10.9× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: -1.3%** (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.

## Profitability
- **Gross margin: 80.9%**. Foresight VCT keeps 80.9% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 97.2%**. 97.2% of revenue is left after running the business, an exceptional level.
- **Net margin: 0.1%**. 0.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 0.0%**. 0.0% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 12.5%**. Return on all capital, debt included, is 12.5%.
- **Return on assets: 9.3%**. Each dollar of assets produces 9.3% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 10.7%** (3-yr 19.9%/yr, 5-yr 28.1%/yr). Revenue grew 10.7% over the last year, against 28.1% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -99.9%** (3-yr -88.0%/yr, 5-yr -64.2%/yr). Earnings per share fell 99.9%, slower than revenue, so margins compressed.

## Financial health
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: 55 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 VCT does not currently pay a dividend, but it returned -1.0% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): -7.6%** (YTD -8.3%, 3-mo -9.0%). The shares are down 7.6% over twelve months including dividends.
- **From 52-week high: -10.4%** (9736.1% above the low). Trading 10% 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): 68**. An RSI of 68 is neutral.

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

Not investment advice.