# FW Thorpe Plc (TFW.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Industrials / Electrical Equipment. Price 258p, market value 289 millionp.

## Valuation
- **P/E (trailing): 11.7×** (5-yr avg 2079.8×, 3-yr avg 1675.6×). FW Thorpe Plc trades at 11.7× trailing earnings, well below its own five-year average of 2079.8×: cheap by its own standards. The Industrials median in the September 2026 study was 25.7×.
- **Price / sales: 0.8×**. Each dollar of revenue is priced at 0.8×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.6×**. The shares trade at 1.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 2.9×**. Enterprise value is 2.9× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 25.1%** (5-yr avg 0.1%). Free cash flow equals 25.1% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 8.5%**. The inverse of the P/E: 8.5% of the price is earned each year.

## Profitability
- **Gross margin: 48.2%**. FW Thorpe Plc keeps 48.2% of revenue after the direct cost of what it sells.
- **Operating margin: 18.0%**. 18.0% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 14.5%**. 14.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 13.4%**. 13.4% on shareholders' equity is solid.
- **Return on invested capital: 37.9%**. Return on all capital, debt included, is 37.9%: comfortably above what that capital costs.
- **Return on assets: 20.3%**. Each dollar of assets produces 20.3% of profit.

## Growth
- **Revenue growth (1 yr): -0.3%** (3-yr 6.8%/yr, 5-yr 9.1%/yr). Revenue fell 0.3% over the last year, against 9.1% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 4.8%** (3-yr 9.0%/yr, 5-yr 14.9%/yr). Earnings per share rose 4.8%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 33.3%/yr**. Free cash flow has compounded at 33.3% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.04**. Debt is 0.04 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. FW Thorpe Plc holds more cash than debt.
- **Interest coverage: 71.9×**. Operating profit covers interest 71.9× over, a safe margin.
- **Current ratio: 3.12** (quick 2.40). Current assets cover the next year's liabilities 3.12 times.
- **Altman Z-score: 5.68**. A Z-score of 5.68 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.78%** (0p per share, trailing). FW Thorpe Plc yields 2.78%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 43%** (26% of free cash flow). 43% of earnings goes out as dividends, leaving room to keep raising it.
- **Dividend growth (5 yr): 4.7%/yr** (1-yr -23.3%). The dividend has grown 4.7% a year over five years.
- **Shareholder yield: 6.9%**. Dividends plus net buybacks return 6.9% of the market value a year.

## Price and momentum
- **Total return (1 yr): -11.0%** (YTD -3.4%, 3-mo 5.1%). The shares are down 11.0% over twelve months including dividends.
- **From 52-week high: -19.4%** (7.5% above the low). Trading 19% 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): 57**. An RSI of 57 is neutral.
- **Beta (1 yr): 0.47** (volatility 35%). Beta of 0.47 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.