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FRP Advisory Group (FRP) Fair Value & Analysis

Financial Services · GB · Market cap 271M GBX

FA FRP Advisory Group FRP · LSE
Price£1.09
Fair Value£0.5400
Upside-50.5%
Quality63/100
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Healthy Growth
Solidly profitable · 14.2% net margin
Low debt · generates free cash flow
4.93% dividend yield
Mixed vs. peers (7/14)
Wide moat 74/100
Evidence: High Range £0.4000 – £0.6700 Share as image

Fair value as of: Jul 14, 2026

From 13 valuation models · updated 27 days ago

Share price +7.3% over the past month.

A solid business, but screening 50% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (£0.6700). The favourable scenario is already priced in.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

£1.41 £0.8646 Fair Value £0.5400 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range £0.8646 – £1.41 · fair‑value band £0.4000 – £0.6700 · the £1.09 price screens above the £0.5400 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

FRP Advisory Group (FRP) currently trades at £1.09, while our model-based Fair Value estimate is £0.5400, implying the stock looks roughly 50.5% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, FRP Advisory Group generated revenue of £162M at a net margin of 14.2%. Revenue grew 12.2% year over year. It earns a return on equity of 24.3%. The balance sheet holds a net cash position of £25.6M. Fundamentals as of Jul 14, 2026

Our scenario range runs from £0.4000 (bear case) to £0.6700 (bull case); at £1.09, the current price sits above 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 Financial Services peers we cover trades at 11% fair-value upside, at -50%, FRP screens richer 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
Growth DCF £1.36 £2.21 £3.54 80
Residual Income £0.4600 £0.5800 £1.50 76
Rev-Margin DCF £1.16 £1.97 £3.13 74
All 13 models by family
DCF Models
Owner Earnings £1.21 £2.15 £3.73 31
5Y P/E Exit £1.14 £1.95 £2.93 38
10Y P/E Exit £1.23 £1.98 £3.16 35
Earnings-Based
Graham-Dodd £0.6200 £4.03 £5.63 54
Lynch FV £1.17 £1.67 £2.17 50
Dividend Discount
Gordon GGM £0.3600 £0.5900 £0.7700 70
DDM Multi-Stage £0.3600 £0.5600 £0.6400 61
Multiples
P/E Multiple £0.8900 £1.18 £1.48 63
P/B Multiple £0.4000 £0.5400 £0.6700 55
Asset-Based
NCAV (Graham) £0.1900 £0.2600 £0.3800 50
Growth DCF
Growth DCF £1.36 £2.21 £3.54 80
Rev-Margin DCF £1.16 £1.97 £3.13 74
Economic Profit
Residual Income £0.4600 £0.5800 £1.50 76

Widest divergence: DCF Models (£1.98) versus Asset-Based (£0.2600). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 162M GBX
Revenue growth (YoY) +12.2%
Net margin 14.2%
Return on equity 24.3%
Free cash flow 29.3M GBX FY2025
P/E ratio 12.2
More key figures
Operating margin 21.6%
EPS (TTM) £0.0900
Dividend yield 4.9%
EPS growth (YoY) +2.1%
Net cash 25.6M GBX FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 65 · Market factors (momentum, volatility) 49

Profitability 78
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 77
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 35
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 32
Distance to the 52-week high (market factor)
Net Issuance 26
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

FRP Advisory Group plc, together with its subsidiaries, provides business advisory services to companies, lenders, investors, individuals, and other stakeholders in the United Kingdom.

Full company description

FRP Advisory Group plc, together with its subsidiaries, provides business advisory services to companies, lenders, investors, individuals, and other stakeholders in the United Kingdom. The company's corporate finance advisory services include mergers and acquisitions (M&A), strategic advisory and valuations, capital raising, special situations M&A, partial exits, and financial due diligence; and debt advisory services comprise asset based lending, raising and refinancing debt, debt amendments and extensions, restructuring debt, and corporate and leveraged debt advisory. Its forensic services include forensic investigations, dispute, compliance and risk advisory, and forensic technology services; and restructuring advisory services comprise corporate financial advisory, formal insolvency appointments, informal restructuring advisory, personal insolvency, and general advice to various stakeholders. In addition, the company buys and sells side financial due diligence, as well as provides lender services, including pre-lending due diligence and independent business reviews; valuation services; financial modelling; board and C-suite advisory; and pensions advisory services. It serves retail, construction, manufacturing, fintech, and leisure and hospitality sectors. FRP Advisory Group plc was founded in 2010 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

FRP Advisory Group reported revenue of £152M in FY2025 versus £79.0M in FY2021, a compound +17.8%/yr. Reported net income was £22.5M in FY2025, compounding +13.4%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
£152M
Latest YoY
+18.7%
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.
+16.9%
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.
+19.2%
Avg. growth/yr (8Y) 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.
+18.1%
Revenue +17.8%/yr
FY21 £79.0M
FY22 £95.2M
FY23 £104M
FY24 £128M
FY25 £152M
Net income +13.4%/yr
FY21 £13.6M
FY22 £11.9M
FY23 £12.7M
FY24 £22.0M
FY25 £22.5M

FRP screens 50% overvalued. Compare with Huatai Securities Co →

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Cite: Fair Value Calculator (2026). "FRP Advisory Group Fair Value". https://www.fairvalue-calculator.com/stock/FRP

Peer Group

Capital Markets · 423 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 63 · Top 25%
Fair Value upside −51% · Below median
Return on equity (TTM) 24% · Top 25%
Return on assets 13% · Top 25%
Net margin (TTM) 14% · Below median
Operating margin (TTM) 22% · Below median
Revenue growth 12% · Below median
Dividend yield (TTM) 4.9% · Top 25%
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Capital Markets median · lower = cheaper

P/E (TTM) 12.2× · Cheaper than median
P/B 3.85× · Pricier than 75% of peers
P/S (TTM) 2.26× · Cheaper than median
P/FCF 12.5× · Pricier than 75% of peers
EV/EBITDA 9.7× · Pricier than median

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 0 · sector 9
FUTURE 61 · sector 96
PAST 97 · sector 30
HEALTH 98 · sector 93
DIVIDEND 99 · sector 36

VALUE 0: the price sits above our fair-value range.

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 Capital Markets stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Huatai Securities Co HTSC $0.2700 $0.0400 -85%
Mirae Asset Securities Co 006800 38,750 KRW 31,645 KRW -18%
Meritz Financial Group 138040 117,000 KRW 87,706 KRW -25%
Korea Investment Holdings 071050 239,000 KRW 318,825 KRW +33%
NH Investment & Securities Co 005940 31,000 KRW 37,133 KRW +20%
Samsung Securities Co 016360 107,700 KRW 126,487 KRW +17%
Motilal Oswal Financial Services Limited MOTILALOFS ₹967.00 ₹299.65 -69%
Kiwoom Securities Co 039490 322,000 KRW 358,091 KRW +11%
SSI Securities Corporation SSI 24,250 VND 28,021 VND +16%
Bolsas y Mercados Argentinos S.A BYMA 313.75 ARS 120.22 ARS -62%

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Frequently asked questions

Is FRP Advisory Group (FRP) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of £0.5400 versus a price of £1.09, about −50% (overvalued).
What is the fair value of FRP?
Our model-based fair value for FRP Advisory Group is £0.5400 (as of Jul 14, 2026), built from audited fundamentals. The current price is £1.09.
What is the quality score of FRP?
FRP Advisory Group has a Quality Score of 63/100. 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 FRP Advisory Group (FRP)?
FRP Advisory Group reported trailing-twelve-month revenue of about £162M (latest available figure, as of Jul 14, 2026).
What is the net profit margin of FRP?
The net profit margin of FRP Advisory Group is about 14.2%, meaning it keeps roughly 14.2% of revenue as net income. Based on the latest reported figures.
Does FRP Advisory Group pay a dividend?
FRP Advisory Group currently shows a dividend yield of about 4.95% relative to its recent price (as of Jul 14, 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.

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