Braemar Plc (BMS) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Braemar Plc stock £1.98, price £2.45, that is 19.2% below the price, quality 54 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range £2.00 – £3.39 · fair‑value band £1.49 – £2.48 · the £2.45 price screens above the £1.98 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Braemar Plc provides shipbroking services in the United Kingdom, Singapore, Australia, Switzerland, the United States, Germany, and internationally. The company operates through three segments: Chartering; Investment advisory; and Risk advisory.
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It also provides deep sea tankers, specialised tankers, offshore, and dry cargo. In addition, it offers corporate finance, sale and purchase, securities services. The company was formerly known as Braemar Shipping Services Plc and changed its name to Braemar Plc in September 2022.
Braemar Plc was incorporated in 1988 and is based in London, the United Kingdom.
Stock analysis
Braemar Plc (BMS) currently trades at £2.45, while our model-based Fair Value estimate is £1.98, 19% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of £4.15 per share, and 13 of the 26 models we run sit above the £2.45 price.
Bear case: the Dividend Discount group reads lowest at £0.5750, and 13 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: £1.49 (bear) to £2.48 (bull), the price of £2.45 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 54/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Braemar Plc reported revenue of £136M in FY2026 versus £101M in FY2022, a compound +7.6%/yr. Reported net income was £2.3M in FY2026, compounding −20.9%/yr from FY2022.
Key figures
Market cap £87.8M Micro · P/E ratio 38.5 · P/S ratio 0.65 · EPS (TTM) £0.0636 · Dividend yield 2.9% · Net margin 1.7% · Return on equity 2.7% · Return on assets (EBIT) 6.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 31 out of 100 (low confidence).
What moves the price
The share trades about 2% below its 52-week high and 18% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 13% fair-value upside, at −19%, BMS screens richer than that median.
Fair Value models
Bear£1.49Fair Value £1.98Bull£2.48
Price £2.45 · Downside -19.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF£3.34£4.70£6.4279
Growth DCF£3.36£4.54£5.9577
Owner Earnings£2.29£3.24£4.4375
All 26 models by family
DCF Models
FCF DCF£3.34£4.70£6.4279
Owner Earnings£2.29£3.24£4.4375
5Y Revenue Exit£2.55£3.72£5.1671
5Y EBITDA Exit£3.14£4.81£6.7273
5Y P/E Exit£1.93£2.57£3.2070
10Y Revenue Exit£2.80£3.86£5.1965
10Y EBITDA Exit£3.19£4.53£6.2367
10Y P/E Exit£2.50£3.16£3.8963
Earnings-Based
Graham-Dodd£0.4800£1.44£1.9063
Lynch FV£0.3000£0.4300£0.560059
PEG = 1.0£0.3000£0.4300£0.560055
EPV£1.16£1.32£1.4574
Dividend Discount
Gordon GGM£0.3600£0.6200£0.820066
DDM Multi-Stage£0.3600£0.5300£0.660065
Multiples
P/E Multiple£1.12£1.49£1.8763
P/S Multiple£0.9100£1.21£1.5158
P/B Multiple£0.9400£1.25£1.5755
EV/EBIT£2.72£3.75£4.7766
EV/EBITDA£3.17£4.34£5.5167
EV/Revenue£1.85£2.78£3.7253
Asset-Based
NCAV (Graham)£0.1400£0.1900£0.280054
Growth DCF
Growth DCF£3.36£4.54£5.9577
Rev-Margin DCF£2.55£3.76£5.1671
Economic Profit
Residual Income£1.61£1.63£1.7274
ROIC Compounder£1.16£1.32£1.4570
Growth Earnings
Growth-Adj P/E£0.9100£1.30£1.6965
The fair value above starts from this blend and is adjusted for a cyclical trough year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−4.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−3.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.1%
Start year 2021 (pandemic). Over 10 years: −1.6% a year
Revenue growth 32 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.8%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
−0.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.4%
Dividend (yield on the price)2.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−11.4% vs −3.2%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.8% → 6%
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Revenue per share shrinking 2.4%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−2.0%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+5.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about −4.2% a year for the price and +2.6% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (63 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Marine Shipping · 220 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside−19.9% · Below median
Profitability
Return on equity (12 months)2.7% · Bottom 25%
Return on assets1.5% · Bottom 25%
Net margin (12 months)1.7% · Bottom 25%
Operating margin (12 months)10.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)8.7% · Below median
Dividend yield (12 months)2.9% · Below median
Balance sheet
Debt / equity0.32× · Above median
Valuation Multiplesvs Marine Shipping median · lower = cheaper
P/E (12 months)38.5× · Priciest 25%
P/B1.07× · Cheaper than median
P/S (12 months)0.65× · Cheapest 25%
Price / free cash flow (fiscal year)8.3× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Braemar Plc Fair Value". https://www.fairvalue-calculator.com/stock/BMS
Frequently asked questions
Is Braemar Plc (BMS) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of £1.98 versus a price of £2.45, about 19% lower (overvalued).
What is the fair value of BMS?
Our model-based fair value for Braemar Plc is £1.98 (as of Nov 5, 2026), built from audited fundamentals. The current price: £2.45.
What is the quality score of BMS?
Braemar Plc has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Braemar Plc (BMS)?
Our model-based price target is the fair value of £1.98 (as of Nov 5, 2026) from 26 valuation models. Cautious scenario £1.49, optimistic scenario £2.48. It is a calculation from audited fundamentals, not an analyst target.
What is the Braemar Plc stock forecast for 2026?
Our models put fair value at £1.98, about 19% lower versus a price of £2.45 (overvalued). Cautious scenario £1.49, optimistic scenario £2.48. The calculation is refreshed regularly with new filings.
What is the revenue of Braemar Plc (BMS)?
Braemar Plc reported trailing-twelve-month revenue of about £136M (latest available figure, as of Nov 5, 2026).
Does Braemar Plc pay a dividend?
Braemar Plc currently shows a dividend yield of 2.86% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Braemar Plc (BMS) and when is the ex-dividend date?
Braemar Plc pays a dividend of £0.07 per share a year, a dividend yield of 2.9%. The last ex-dividend date was Jul 30, 2026. The payout ratio is 34.9% of earnings (on adjusted earnings, reported 117%). Free cash flow covers the dividend 4.78 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Braemar Plc (BMS)?
For today's price to be fair in a discounted-cash-flow model, Braemar Plc would have to grow free cash flow by -2.0 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.1 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of BMS use?
Our models discount Braemar Plc at 11.8 %: a base by market capitalisation (micro), damped by beta 0.38, country premium for United Kingdom. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Braemar Plc that is -2.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Braemar Plc (BMS) delivered so far?
Over the past 5 years revenue at Braemar Plc grew +10.1 % a year. The price currently implies free-cash-flow growth of -2.0 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Braemar Plc (BMS) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Braemar Plc (-2.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Braemar Plc (BMS)?
The free-cash-flow yield on the price is 12.20 %: that much free cash flow Braemar Plc produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Braemar Plc (BMS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Braemar Plc it is £1.98 per share (as of Nov 5, 2026), against a price of £2.45. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Braemar Plc stock overvalued or undervalued in 2026?
As of Nov 5, 2026, BMS trades above its calculated fair value: price £2.45, fair value £1.98, a gap of about −19% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BMS?
No. The price is what the market pays today (£2.45); the fair value is what the company's own numbers justify (£1.98). For Braemar Plc the two are £0.4712 per share apart. That gap is exactly why we show both numbers side by side.
How much is Braemar Plc worth?
The market values Braemar Plc at about £87.8M (market capitalisation, as of Nov 5, 2026). Per share that is £2.45; our models calculate a fair value of £1.98 per share.
What do the bullish and bearish scenarios say about BMS?
Our models span a range for Braemar Plc: cautious scenario £1.49, base £1.98, optimistic £2.48 per share (as of Nov 5, 2026, price £2.45). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BMS?
Braemar Plc trades at a price-to-earnings ratio of 38.5 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £1.98 is built from several models across several years. Excluding one-off items of fiscal year 2026 it is 11.5 (reported 38.5). Other multiples: P/B 1.1, P/S 0.7, EV/EBITDA 5.3.
How solid is the balance sheet of Braemar Plc (BMS)?
Balance-sheet figures for Braemar Plc (as of Nov 5, 2026): return on equity 2.7%, debt of 0.32 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is BMS from its 52-week high?
Braemar Plc trades at £2.45, about 2% below its 52-week high of £2.49 and 18% above the low of £2.07 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of £1.98 is for.
Which stocks are comparable to Braemar Plc?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Braemar Plc stock attractive at the current price?
The data as of Nov 5, 2026: price £2.45, calculated fair value £1.98 (−19%), Quality Score 54/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BMS calculated?
We run Braemar Plc through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of £1.98 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Braemar Plc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Braemar Plc (BMS)?
The closing price on Nov 9, 2026 was £2.45. Our model-based fair value is £1.98, about 19% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Braemar Plc right now?
Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Braemar Plc (BMS) come from?
Earnings per share at Braemar Plc grew +1.8 % a year from 2015 to 2026. Broken into its drivers: revenue per share −1.8 %, EBIT margin −0.4 %, tax rate −0.8 %, residual (interest, one-offs) +5.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Braemar Plc
How large is the market capitalisation of Braemar Plc (BMS)?
The market capitalisation of Braemar Plc is £87.8M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Braemar Plc (BMS)?
The price-to-sales ratio of Braemar Plc is 0.65 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Braemar Plc (BMS)?
Earnings per share at Braemar Plc are £0.0636 (price ÷ EPS = P/E 38.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Braemar Plc (BMS)?
The dividend yield of Braemar Plc is 2.9% (payout 34.9%, on adjusted earnings, reported 117%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Braemar Plc (BMS)?
The net margin of Braemar Plc is 1.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Braemar Plc (BMS)?
The return on equity (ROE) of Braemar Plc is 2.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Braemar Plc (BMS)?
On an EBIT basis the return on assets of Braemar Plc is 6.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Braemar Plc (BMS)?
The operating margin of Braemar Plc is 10.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Braemar Plc (BMS)?
Revenue at Braemar Plc is growing +8.7% versus a year earlier (3y avg −3.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Braemar Plc (BMS)?
Earnings per share at Braemar Plc are growing −69.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Braemar Plc (BMS) carry?
The net debt of Braemar Plc is £10.9M (fiscal year 2026, ≈ 1.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 5, 2026