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Bluefield Solar Income Fund Ltd (BSIF) Fair Value & Analysis

Financial Services · GB · Market cap 541M GBX

BS Bluefield Solar Income Fund Ltd BSIF · LSE
Price£0.9140
Fair Value£1.52
Upside+66.3%
Quality57/100
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Evidence: Low Range £0.7700 – £2.27

Fair value as of: Jun 26, 2026

From 3 valuation models · updated 7 days ago

Share price +0.4% over the past month.

Price vs Fair Value (12 months)

£0.9150 £0.6288 Fair Value £1.52 Jul 2025 Jul 2026

12‑month range £0.6288 – £0.9150 · fair‑value band £0.7700 – £2.27 · the £0.9140 price screens below the £1.52 fair value. As of Jun 26, 2026.

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Analysis

Bluefield Solar Income Fund Ltd (BSIF) currently trades at £0.9140, while our model-based Fair Value estimate is £1.52 — implying the stock looks roughly 66.3% 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: low) — always confirm before acting.

Revenue declined 47.6% year over year. It earns a return on equity of -8.0%. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) −52.2M GBX
Revenue growth (YoY) -47.6%
Return on equity -8.0%
Free cash flow −917K GBX FY2025
Operating margin 107%
EPS (TTM) £-0.0900
More key figures
Dividend yield 9.9%
EPS growth (YoY) -58.1%
Net cash 452K GBX FY2025

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

About the company

Bluefield Solar Income Fund Ltd. is a close ended balanced mutual fund launched by Numis Securities Limited. The fund is managed by Bluefield Partners LLP. It invests the United Kingdom. The fund primarily invests in large-scale, long-life solar photovoltaic energy infrastructure assets with a focus on utility-scale assets and portfolios on greenfield, industrial and commercial sites through equity and/or debt instruments. Bluefield Solar Income Fund Ltd. was formed on July 12, 2013 and is domiciled in Guernsey, Channel Islands.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bluefield Solar Income Fund Ltd reported revenue of £24.6M in FY2025 versus £25.6M in FY2021, a compound −0.9%/yr. Reported net income was −£28.5M in FY2025.

Revenue −0.9%/yr
FY21 £25.6M
FY22 £176M
FY23 £906K
FY24 £34.1M
FY25 £24.6M
Net income
FY21 £24.5M
FY22 £175M
FY23 £46.8M
FY24 −£9.6M
FY25 −£28.5M

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Frequently asked questions

Is Bluefield Solar Income Fund Ltd (BSIF) undervalued?
As of Jun 26, 2026, our model estimates a fair value of £1.52 versus a price of £0.9140 — about +66% (undervalued). Model-based estimate, not financial advice.
What is the fair value of BSIF?
Our model-based fair value for Bluefield Solar Income Fund Ltd is £1.52 (as of Jun 26, 2026), built from audited fundamentals. The current price is £0.9140.
What is the quality score of BSIF?
Bluefield Solar Income Fund Ltd has a Quality Score of 57/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the net profit margin of BSIF?
The net profit margin of Bluefield Solar Income Fund Ltd is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does Bluefield Solar Income Fund Ltd pay a dividend?
Bluefield Solar Income Fund Ltd currently shows a dividend yield of about 9.85% relative to its recent price (as of Jun 26, 2026).

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.