Fonix Mobile plc (FNX) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Fonix Mobile plc £2.56, price £2.03, upside +26.1%, quality 77 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range £0.9955 – £2.52 · fair‑value band £1.45 – £3.56 · the £2.03 price screens below the £2.56 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Fonix Plc provides mobile payments and messaging, and managed services for media, charity, gaming, e-mobility, and other digital service businesses in the United Kingdom and the rest of Europe. The company offers carrier, SMS, and voice billing services.
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Fonix Plc provides mobile payments and messaging, and managed services for media, charity, gaming, e-mobility, and other digital service businesses in the United Kingdom and the rest of Europe. The company offers carrier, SMS, and voice billing services. It also provides payment APIs for mobile operated payments, checkout services, campaign manager platform, messaging APIs for SMS delivery, and user verification services. The company was formerly known as Fonix Mobile plc. and changed its name to Fonix Plc in August 2024. Fonix Mobile plc was incorporated in 2006 and is based in London, United Kingdom.
Stock analysis
Fonix Mobile plc (FNX) currently trades at £2.03, while our model-based Fair Value estimate is £2.56, implying the stock looks roughly 20.7% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of £2.86 per share, and 12 of the 26 models we run sit above the £2.03 price.
Bear case: the Economic Profit group reads lowest at £0.3600, and 14 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: £1.45 (bear) to £3.56 (bull), the price of £2.03 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 77/100 (high quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Fonix Mobile plc reported revenue of 72.8M GBX in FY2025 versus 47.7M GBX in FY2021, a compound +11.2%/yr. Reported net income was 11.1M GBX in FY2025, compounding +16.4%/yr from FY2021.
Key figures
Market cap 202M GBX · P/E ratio 18.5 · P/S ratio 2.83 · EPS (TTM) £0.1100 · Dividend yield 4.4% · Net margin 15.3% · Return on equity 101% · Return on assets (EBIT) 19.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 41% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −19% fair-value upside, at 26%, FNX screens cheaper than that median.
Fair Value models
Bear £1.45Fair Value £2.56Bull £3.56
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (£0.0200 per share) are deliberately not added.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 ⓘEvidence = 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.
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.91/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−4.3%
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.
+10.7%
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.
+12.7%
Start year 2020 (pandemic)
Revenue growth 7 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.
+18.8%
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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.
+17.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.2%
Dividend (yield on the price)4.4%
Profit margin 2020 to 2025 ⓘ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.18% → 19%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+16.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about +13.7% a year for the price.
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.Software - Infrastructure · 383 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score77 · Top 25%
Fair Value upside+32% · Top 25%
Profitability
Return on equity (TTM)101% · Top 25%
Return on assets11% · Top 25%
Net margin (TTM)15% · Top 25%
Operating margin (TTM)18% · Top 25%
Growth and dividend
Revenue growth9% · Below median
Dividend yield (TTM)4.4% · Top 25%
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
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). "Fonix Mobile plc Fair Value". https://www.fairvalue-calculator.com/stock/FNX
Frequently asked questions
Is Fonix Mobile plc (FNX) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of £2.56 versus a price of £2.03, about +26% upside (undervalued).
What is the fair value of FNX?
Our model-based fair value for Fonix Mobile plc is £2.56 (as of Sep 23, 2026), built from audited fundamentals. The current price: £2.03.
What is the quality score of FNX?
Fonix Mobile plc has a Quality Score of 77/100. 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 Fonix Mobile plc (FNX)?
Our model-based price target is the fair value of £2.56 (as of Sep 23, 2026) from 26 valuation models. Cautious scenario £1.45, optimistic scenario £3.56. It is a calculation from audited fundamentals, not an analyst target.
What is the Fonix Mobile plc stock forecast for 2026?
Our models put fair value at £2.56, about +26% upside versus a price of £2.03 (undervalued). Cautious scenario £1.45, optimistic scenario £3.56. The calculation is refreshed regularly with new filings.
What is the revenue of Fonix Mobile plc (FNX)?
Fonix Mobile plc reported trailing-twelve-month revenue of about £76.4M (latest available figure, as of Sep 23, 2026).
Does Fonix Mobile plc pay a dividend?
Fonix Mobile plc currently shows a dividend yield of about 4.43% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Fonix Mobile plc (FNX)?
For today's price to be fair in a discounted-cash-flow model, Fonix Mobile plc would have to grow free cash flow by +16.3 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.7 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of FNX use?
Our models discount Fonix Mobile plc at 11.9 %: a base by market capitalisation (micro), damped by beta 0.58, 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 Fonix Mobile plc that is +16.3 % per year a year over ten years, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has Fonix Mobile plc (FNX) delivered so far?
Over the past 5 years revenue at Fonix Mobile plc grew +12.7 % a year. The price currently implies +16.3 % per year free-cash-flow growth a 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 Fonix Mobile plc (FNX) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Fonix Mobile plc (+16.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Fonix Mobile plc (FNX)?
The free-cash-flow yield on the price is 4.12 %: that much free cash flow Fonix Mobile plc produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Fonix Mobile plc (FNX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fonix Mobile plc it is £2.56 per share (as of Sep 23, 2026), against a price of £2.03. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Fonix Mobile plc stock overvalued or undervalued in 2026?
As of Sep 23, 2026, FNX trades below its calculated fair value: price £2.03, fair value £2.56, a gap of about +26% (undervalued). 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 FNX?
No. The price is what the market pays today (£2.03); the fair value is what the company's own numbers justify (£2.56). For Fonix Mobile plc the two are £0.5300 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fonix Mobile plc worth?
The market values Fonix Mobile plc at about 202M GBX (market capitalisation, as of Sep 23, 2026). Per share that is £2.03; our models calculate a fair value of £2.56 per share.
What do the bullish and bearish scenarios say about FNX?
Our models span a range for Fonix Mobile plc: cautious scenario £1.45, base £2.56, optimistic £3.56 per share (as of Sep 23, 2026, price £2.03). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FNX?
Fonix Mobile plc trades at a price-to-earnings ratio of 18.5 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £2.56 is built from several models across several years. Other multiples: P/B 24.3, P/S 3.4, EV/EBITDA 16.9.
How solid is the balance sheet of Fonix Mobile plc (FNX)?
Balance-sheet figures for Fonix Mobile plc (as of Sep 23, 2026): return on equity 101.3%. They feed the Quality Score of 77/100, which measures business quality independently of the share price.
How far is FNX from its 52-week high?
Fonix Mobile plc trades at £2.03, about 1% below its 52-week high of £2.04 and 41% above the low of £1.44 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of £2.56 is for.
Which stocks are comparable to Fonix Mobile plc?
From the same area (Technology) we also value Microsoft Corporation, Oracle Corporation, Palantir Technologies Inc, Palo Alto Networks, Inc, 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 Fonix Mobile plc stock attractive at the current price?
The data as of Sep 23, 2026: price £2.03, calculated fair value £2.56 (+26%), Quality Score 77/100, 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 FNX calculated?
We run Fonix Mobile plc through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of £2.56, 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 13.0 % above its aggregate fair value. Fonix Mobile plc currently trades 26 % below its own fair value, and the market average says nothing about that. 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 Fonix Mobile plc (FNX)?
The closing price on Sep 24, 2026 was £2.03. Our model-based fair value is £2.56, about +26% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fonix Mobile plc right now?
The rarer combination: high quality (77/100) AND below fair value. That earns a closer look rather than a quick verdict. A fairly wide model range (£1.45 to £3.56) leaves room in how you read the outcome.
Key figures of Fonix Mobile plc
How large is the market capitalisation of Fonix Mobile plc (FNX)?
The market capitalisation of Fonix Mobile plc is 202M GBX. 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 Fonix Mobile plc (FNX)?
The price-to-sales ratio of Fonix Mobile plc is 2.83 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Fonix Mobile plc (FNX)?
Earnings per share at Fonix Mobile plc are £0.1100 (price ÷ EPS = P/E 18.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Fonix Mobile plc (FNX)?
The dividend yield of Fonix Mobile plc is 4.4% (payout 81.8%). 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 Fonix Mobile plc (FNX)?
The net margin of Fonix Mobile plc is 15.3% (fiscal year 2025). 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 Fonix Mobile plc (FNX)?
The return on equity (ROE) of Fonix Mobile plc is 101% (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 Fonix Mobile plc (FNX)?
On an EBIT basis the return on assets of Fonix Mobile plc is 19.8% (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 Fonix Mobile plc (FNX)?
The operating margin of Fonix Mobile plc is 18.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fonix Mobile plc (FNX)?
Revenue at Fonix Mobile plc is growing +9.2% versus a year earlier (3y avg +10.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does Fonix Mobile plc (FNX) hold?
Fonix Mobile plc holds more cash than debt, 21.9M GBX net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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