# Focusrite Plc. (TUNE.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Consumer Cyclical / Hotels, Restaurants & Leisure. Price 271p, market value 159 millionp.

## Valuation
- **P/E (trailing): 30.1×** (5-yr avg 3196.3×, 3-yr avg 3458.2×). Focusrite Plc. trades at 30.1× trailing earnings, well below its own five-year average of 3196.3×: cheap by its own standards. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 12.5×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.12**. A PEG of 0.12 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.5×**. Each dollar of revenue is priced at 0.5×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.4×**. The shares trade at 1.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 3.9×**. Enterprise value is 3.9× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 33.6%** (5-yr avg 0.1%). Free cash flow equals 33.6% 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: 3.3%**. The inverse of the P/E: 3.3% of the price is earned each year.

## Profitability
- **Gross margin: 42.6%**. Focusrite Plc. keeps 42.6% of revenue after the direct cost of what it sells.
- **Operating margin: 4.2%**. 4.2% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 3.2%**. 3.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 4.6%**. 4.6% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 7.3%**. Return on all capital, debt included, is 7.3%.
- **Return on assets: -1.1%**. Each dollar of assets produces -1.1% of profit.

## Growth
- **Revenue growth (1 yr): 6.6%** (3-yr -2.8%/yr, 5-yr 5.4%/yr). Revenue grew 6.6% over the last year, against 5.4% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 104.1%** (3-yr -40.2%/yr, 5-yr 5.1%/yr). Earnings per share rose 104.1%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.26**. Debt is 0.26 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.2×**. It would take 0.2 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 2.2×**. Operating profit covers interest 2.2×, thin but manageable.
- **Current ratio: 3.11** (quick 1.86). Current assets cover the next year's liabilities 3.11 times.
- **Altman Z-score: 3.48**. A Z-score of 3.48 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.50%** (0p per share, trailing). Focusrite Plc. yields 2.50%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 72%** (12% of free cash flow). 72% of earnings goes out as dividends, leaving a thin cushion.
- **Dividend growth (5 yr): 1.5%/yr** (1-yr -36.4%). The dividend has grown 1.5% a year over five years.
- **Shareholder yield: 2.5%**. Dividends plus net buybacks return 2.5% of the market value a year.

## Price and momentum
- **Total return (1 yr): 71.5%** (YTD 18.7%, 3-mo 49.6%). The shares are up 71.5% over twelve months including dividends.
- **From 52-week high: -4.6%** (74.7% above the low). Trading within 5% of 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): 60**. An RSI of 60 is neutral.
- **Beta (1 yr): 0.30** (volatility 54%). Beta of 0.30 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.