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Fidelity European Trust PLC (FEV) Fair Value & Analysis

Financial Services · GB · Market cap 2.1B GBX

FE Fidelity European Trust PLC FEV · LSE
Price£4.30
Fair Value£6.20
Upside+44.2%
Quality91/100
Evidence: High Range £4.65 – £7.75

Fair value as of: Jun 26, 2026

From 22 valuation models · updated 3 days ago

Share price +1.5% over the past month.

Price vs Fair Value (12 months)

£4.38 £3.75 Fair Value £6.20 Jun 2025 Jun 2026

12‑month range £3.75 – £4.38 · fair‑value band £4.65 – £7.75 · the £4.30 price screens below the £6.20 fair value. As of Jun 26, 2026.

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Analysis

Fidelity European Trust PLC (FEV) currently trades at £4.30, while our model-based Fair Value estimate is £6.20 — implying the stock looks roughly 44.2% undervalued today. We read business quality at 91/100 (high 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, Fidelity European Trust PLC generated revenue of £292M at a net margin of 93.5%. Revenue grew 15.2% year over year. It earns a return on equity of 14.5%. Net debt stands at £25.9M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 292M GBX
Revenue growth (YoY) +15.2%
Net margin 93.5%
Return on equity 14.5%
Free cash flow 15.3M GBX FY2014
P/E ratio 6.7
More key figures
Operating margin 96.6%
EPS (TTM) £0.6300
Dividend yield 2.4%
EPS growth (YoY) +23.1%
Net debt 25.9M GBX FY2025

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

About the company

Fidelity European Trust PLC is an open-ended equity fund launched and managed by FIL Investment Services (UK) Limited. It is co-managed by FIL Investments International Limited. The fund invests in the public equity markets of Continental Europe. It makes its investments in stocks of companies operating across diversified sectors. The fund invests in stocks of companies operating across all market capitalizations. It also invests in value oriented growth stocks. The fund benchmarks the performance of its portfolio against the FTSE World Europe ex UK Index. Fidelity European Trust PLC was formed on November 5, 1991 and is domiciled in the United Kingdom.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fidelity European Trust PLC reported revenue of £283M in FY2025 versus £287M in FY2021, a compound −0.3%/yr. Reported net income was £273M in FY2025, compounding −0.8%/yr from FY2021.

Revenue −0.3%/yr
FY21 £287M
FY22 −£34.0M
FY23 £134M
FY24 £138M
FY25 £283M
Net income −0.8%/yr
FY21 £282M
FY22 −£57.0M
FY23 £239M
FY24 £10.8M
FY25 £273M

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Frequently asked questions

Is Fidelity European Trust PLC (FEV) undervalued?
As of Jun 26, 2026, our model estimates a fair value of £6.20 versus a price of £4.30 — about +44% (undervalued). Model-based estimate, not financial advice.
What is the fair value of FEV?
Our 21-model fair value for Fidelity European Trust PLC is £6.20 (as of Jun 26, 2026), built from audited fundamentals. The current price is £4.30.
What is the quality score of FEV?
Fidelity European Trust PLC has a Quality Score of 91/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Fidelity European Trust PLC (FEV)?
Fidelity European Trust PLC reported trailing-twelve-month revenue of about £292M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of FEV?
The net profit margin of Fidelity European Trust PLC is about 93.5%, meaning it keeps roughly 93.5% of revenue as net income. Based on the latest reported figures.
Does Fidelity European Trust PLC pay a dividend?
Fidelity European Trust PLC currently shows a dividend yield of about 2.37% 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.