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Fletcher King Plc (FLK) Fair Value & Analysis

Real Estate · GB · Market cap 3.8M GBX

FK Fletcher King Plc FLK · LSE
Price£0.3800
Fair Value£0.5800
Upside+52.6%
Quality68/100
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Healthy Growth
Thin margins · 2.6% net margin
generates free cash flow
Trails peers (4/13)
Narrow moat 24/100
Evidence: High Range £0.5300 – £0.6400 Share as image

Fair value as of: Jul 16, 2026

From 16 valuation models · updated 25 days ago

Share price +13.3% over the past month.

A solid business, screening 53% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (£0.5300). The market is more pessimistic than our downside scenario.
  • Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

£0.4404 £0.1696 Fair Value £0.5800 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range £0.1696 – £0.4404 · fair‑value band £0.5300 – £0.6400 · the £0.3800 price screens below the £0.5800 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Fletcher King Plc (FLK) currently trades at £0.3800, while our model-based Fair Value estimate is £0.5800, implying the stock looks roughly 52.6% undervalued today. The Quality Score stands at 68/100 (solid quality), in the Real Estate 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, Fletcher King Plc generated revenue of £3.9M at a net margin of 2.6%. Revenue grew 1.7% year over year. It earns a return on equity of 2.4%. The balance sheet holds a net cash position of £4.0M. Fundamentals as of Jul 16, 2026

Our scenario range runs from £0.5300 (bear case) to £0.6400 (bull case); at £0.3800, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at 53%, FLK screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Residual Income £0.2900 £0.2800 £0.2200 76
Growth DCF £0.8300 £0.9300 £1.07 72
Gordon GGM £0.1600 £0.1700 £0.1800 70
All 16 models by family
DCF Models
FCF DCF £0.8200 £0.9200 £1.09 38
5Y Revenue Exit £0.6700 £0.7300 £0.8200 39
5Y EBITDA Exit £0.8000 £0.9600 £1.16 41
10Y Revenue Exit £0.7400 £0.7800 £0.8300 36
10Y EBITDA Exit £0.8100 £0.9000 £1.00 37
Dividend Discount
Gordon GGM £0.1600 £0.1700 £0.1800 70
DDM Multi-Stage £0.1600 £0.1800 £0.2100 61
Multiples
P/S Multiple £0.1900 £0.2500 £0.3200 58
P/B Multiple £0.1900 £0.2500 £0.3200 55
EV/EBIT £0.6600 £0.7400 £0.8300 53
EV/EBITDA £0.8500 £0.9900 £1.14 54
EV/Revenue £0.5500 £0.6100 £0.6700 43
Asset-Based
NCAV (Graham) £0.2200 £0.2900 £0.4400 50
Growth DCF
Growth DCF £0.8300 £0.9300 £1.07 72
Rev-Margin DCF £0.6700 £0.7400 £0.8400 67
Economic Profit
Residual Income £0.2900 £0.2800 £0.2200 76

Widest divergence: DCF Models (£0.9000) versus Dividend Discount (£0.1700). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 3.9M GBX
Revenue growth (YoY) +1.7%
Net margin 2.6%
Return on equity 2.4%
Free cash flow 576K GBX FY2025
P/E ratio 37.5
More key figures
Operating margin -3.1%
EPS (TTM) £0.0100
EPS growth (YoY) -98.1%
Net cash 4.0M GBX FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 71 · Market factors (momentum, volatility) 81

Profitability 45
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 81
Earnings quality: real cash, not paper profit
Fin. Strength 94
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 51
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 82
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Fletcher King Plc provides a range of property advice services in the United Kingdom. The company provides services in the areas of property fund management, property asset management, investment broking, valuations, development, and ratings. Fletcher King Plc was incorporated in 1986 and is based in London, the United Kingdom

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fletcher King Plc reported revenue of £3.8M in FY2025 versus £2.3M in FY2021, a compound +14.1%/yr. Reported net income was £153K in FY2025.

Growth Quality 76/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
£3.8M
Latest YoY
+0.4%
Avg. growth/yr (3Y) 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.
+9.0%
Avg. growth/yr (5Y) 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.
+8.0%
Avg. growth/yr (39Y) 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.
+1.2%
Revenue +14.1%/yr
FY21 £2.3M
FY22 £3.0M
FY23 £3.1M
FY24 £3.8M
FY25 £3.8M
Net income
FY21 −£688K
FY22 £152K
FY23 £233K
FY24 £282K
FY25 £153K
Character of growth · EPS growth decomposed (2014-2025) −12.6 % p.a.
Revenue per share −2.4 pp

of which total revenue −0.9 pp · buybacks/dilution −1.5 pp

EBIT margin +2.5 pp
Tax rate −0.7 pp
Residual (interest, one-offs) −12.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Fletcher King Plc Fair Value". https://www.fairvalue-calculator.com/stock/FLK

Peer Group

Real Estate Services · 520 stocks

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.

Quality Score 68 · Top 25%
Fair Value upside +53% · Above median
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) -3% · Bottom 25%
Revenue growth 2% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 37.5× · Pricier than 75% of peers
P/B 1.16× · Pricier than median
P/S (TTM) 1.34× · Cheaper than median
P/FCF 9.0× · Pricier than median
EV/EBITDA 6.6× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 37
FUTURE 9 · sector 10
PAST 9 · sector 16
HEALTH 0 · sector 85
DIVIDEND 0 · sector 49

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

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SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%
PT Bangun Kosambi Sukses Tbk, CBDK 3,530 IDR 3,464 IDR -2%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 3,998 ARS +60%

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Frequently asked questions

Is Fletcher King Plc (FLK) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of £0.5800 versus a price of £0.3800, about +53% (undervalued).
What is the fair value of FLK?
Our model-based fair value for Fletcher King Plc is £0.5800 (as of Jul 16, 2026), built from audited fundamentals. The current price is £0.3800.
What is the quality score of FLK?
Fletcher King Plc has a Quality Score of 68/100. 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 revenue of Fletcher King Plc (FLK)?
Fletcher King Plc reported trailing-twelve-month revenue of about £3.9M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of FLK?
The net profit margin of Fletcher King Plc is about 2.6%, meaning it keeps roughly 2.6% 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.

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