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BlackRock Frontiers Investment Trust plc (BRFI) Fair Value & Analysis

Financial Services · GB · Market cap 315M GBX

BF BlackRock Frontiers Investment Trust plc BRFI · LSE
Price£1.91
Fair Value£3.80
Upside+99.5%
Quality57/100
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Evidence: High Range £2.85 – £4.76

Fair value as of: Jun 26, 2026

From 20 valuation models · updated 7 days ago

Fair value updated Jun 26, 2026 — revised from £3.75 to £3.80 (+1.3%) since Jun 25, 2026. Share price +1.0% over the past month.

Price vs Fair Value (12 months)

£2.03 £1.52 Fair Value £3.80 Jul 2025 Jul 2026

12‑month range £1.52 – £2.03 · fair‑value band £2.85 – £4.76 · the £1.91 price screens below the £3.80 fair value. As of Jun 26, 2026.

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Analysis

BlackRock Frontiers Investment Trust plc (BRFI) currently trades at £1.91, while our model-based Fair Value estimate is £3.80 — implying the stock looks roughly 99.5% undervalued today. We read business quality at 57/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, BlackRock Frontiers Investment Trust plc generated revenue of £77.5M at a net margin of 76.0%. Revenue grew 170.9% year over year. It earns a return on equity of 13.8%. The stock trades on a trailing P/E of 6.2. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 77.5M GBX
Revenue growth (YoY) +171%
Net margin 76.0%
Return on equity 13.8%
Free cash flow 17.0M GBX FY2025
P/E ratio 6.2
More key figures
Operating margin 89.5%
EPS (TTM) £0.2300
EPS growth (YoY) +274%
Net cash 745K GBX FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

BlackRock Frontiers Investment Trust plc is a closed-ended equity mutual fund launched by BlackRock Fund Managers Limited. It is managed by BlackRock Investment Management (UK) Limited. The fund invests in the public equity markets of frontier market countries across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund invests in stocks of companies across diversified market capitalizations. It employs fundamental analysis with a top-down and bottom-up stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against the MSCI Frontiers Index. BlackRock Frontiers Investment Trust plc was formed on December 17, 2010 and is domiciled in the United Kingdom.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

BlackRock Frontiers Investment Trust plc reported revenue of £62.2M in FY2025 versus £152M in FY2021, a compound −20.0%/yr. Reported net income was £45.1M in FY2025, compounding −25.9%/yr from FY2021.

Revenue −20.0%/yr
FY21 £152M
FY22 −£35.1M
FY23 £77.1M
FY24 £76.9M
FY25 £62.2M
Net income −25.9%/yr
FY21 £149M
FY22 −£36.9M
FY23 £74.9M
FY24 £58.5M
FY25 £45.1M

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Frequently asked questions

Is BlackRock Frontiers Investment Trust plc (BRFI) undervalued?
As of Jun 26, 2026, our model estimates a fair value of £3.80 versus a price of £1.91 — about +99% (undervalued). Model-based estimate, not financial advice.
What is the fair value of BRFI?
Our model-based fair value for BlackRock Frontiers Investment Trust plc is £3.80 (as of Jun 26, 2026), built from audited fundamentals. The current price is £1.91.
What is the quality score of BRFI?
BlackRock Frontiers Investment Trust plc has a Quality Score of 57/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of BlackRock Frontiers Investment Trust plc (BRFI)?
BlackRock Frontiers Investment Trust plc reported trailing-twelve-month revenue of about £77.5M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of BRFI?
The net profit margin of BlackRock Frontiers Investment Trust plc is about 76.0%, meaning it keeps roughly 76.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.