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Fevara plc (FVA) Fair Value & Analysis

Consumer Defensive · GB · Market cap 71.5M GBX

FP Fevara plc FVA · LSE
Price£1.38
Fair Value£2.44
Upside+76.8%
Quality80/100
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Weak Growth
Highly profitable · 22.2% net margin
Low debt · generates free cash flow
1.75% dividend yield
Trails peers (4/13)
Moderate moat 45/100
Evidence: High Range £1.83 – £3.04 Share as image

Fair value as of: Jul 19, 2026

From 24 valuation models · updated 22 days ago

Share price +2.2% over the past month.

A strong business, screening 77% undervalued on our models.

What matters now

  • The rarer combination: high quality (80/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (£1.83). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

£1.54 £0.8056 Fair Value £2.44 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range £0.8056 – £1.54 · fair‑value band £1.83 – £3.04 · the £1.38 price screens below the £2.44 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Fevara plc (FVA) currently trades at £1.38, while our model-based Fair Value estimate is £2.44, implying the stock looks roughly 76.8% undervalued today. The Quality Score stands at 80/100 (high quality), in the Consumer Defensive 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, Fevara plc generated revenue of £78.8M at a net margin of 22.2%. It earns a return on equity of 2.1%. The balance sheet holds a net cash position of £1.6M. The stock trades on a trailing P/E of 22.9. Fundamentals as of Jul 19, 2026

Our scenario range runs from £1.83 (bear case) to £3.04 (bull case); at £1.38, 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 Consumer Defensive peers we cover trades at -3% fair-value upside, at 77%, FVA 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
Growth DCF £1.01 £1.23 £1.55 80
Residual Income £2.67 £4.70 £84.41 76
Rev-Margin DCF £0.7100 £0.9200 £1.17 74
All 24 models by family
DCF Models
FCF DCF £0.9900 £1.22 £1.60 38
Owner Earnings £2.85 £3.57 £4.72 31
5Y Revenue Exit £0.7100 £0.8900 £1.14 39
5Y EBITDA Exit £0.8100 £1.06 £1.39 41
5Y P/E Exit £3.24 £5.25 £7.65 38
10Y Revenue Exit £0.8300 £0.9600 £1.09 36
10Y EBITDA Exit £0.8900 £1.05 £1.21 37
10Y P/E Exit £2.15 £3.27 £4.36 35
Earnings-Based
Graham-Dodd £2.62 £3.25 £3.68 54
EPV £0.3800 £0.4200 £0.4400 59
Dividend Discount
Gordon GGM £0.5100 £0.5500 £0.6000 70
DDM Multi-Stage £0.5100 £0.6000 £0.7000 61
Multiples
P/E Multiple £6.06 £8.08 £10.10 63
P/S Multiple £1.83 £2.44 £3.04 58
P/B Multiple £2.98 £3.97 £4.96 55
EV/EBIT £0.6700 £0.8700 £1.06 53
EV/EBITDA £0.7500 £0.9700 £1.20 54
EV/Revenue £0.5000 £0.6800 £0.8600 43
Asset-Based
NCAV (Graham) £0.3600 £0.4800 £0.7200 50
Growth DCF
Growth DCF £1.01 £1.23 £1.55 80
Rev-Margin DCF £0.7100 £0.9200 £1.17 74
Economic Profit
Residual Income £2.67 £4.70 £84.41 76
ROIC Compounder £0.3800 £0.4200 £0.4400 72
Growth Earnings
Growth-Adj P/E £4.28 £6.12 £7.95 68

Widest divergence: Growth Earnings (£6.12) versus Earnings-Based (£0.4200). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 78.8M GBX
Net margin 22.2%
Return on equity 2.1%
Free cash flow 6.5M GBX FY2025
P/E ratio 22.9
Operating margin 8.5%
More key figures
EPS (TTM) £0.0600
Dividend yield 1.8%
EPS growth (YoY) +17.3%
Net cash 1.6M GBX FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 80/100

Of which business quality 78 · Market factors (momentum, volatility) 51

Profitability 90
Margins and returns on capital today
Quality Growth 82
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 46
Distance to the 52-week high (market factor)
Net Issuance 100
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

Fevara plc engages in the agriculture business in the United Kingdom and internationally. The company develops, manufactures, and sells research-proven supplements, including feed licks, blocks, bagged minerals, and boluses for cattle, sheep, and horses under the following brands: Crystalyx, HorsLic, Horslyx, Scotmin Nutrition, Smartlic, Tracesure Advanced, …

Full company description

Fevara plc engages in the agriculture business in the United Kingdom and internationally. The company develops, manufactures, and sells research-proven supplements, including feed licks, blocks, bagged minerals, and boluses for cattle, sheep, and horses under the following brands: Crystalyx, HorsLic, Horslyx, Scotmin Nutrition, Smartlic, Tracesure Advanced, Feed in a Drum, New Generation Supplements, Megastart, and Biosprint. It also engages in financial, property holding, and engineering activities, as well as manufactures and distributes animal health products. The company was formerly known as Carr's Group plc and changed its name to Fevara plc in September 2025. Fevara plc was founded in 1831 and is headquartered in Carlisle, United Kingdom.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fevara plc reported revenue of £78.8M in FY2025 versus £120M in FY2021, a compound −10.0%/yr. Reported net income was £19.9M in FY2025, compounding +27.0%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
£78.8M
Latest YoY
+4.1%
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.
−14.1%
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.
−27.6%
Avg. growth/yr (40Y) 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.
+0.8%
Revenue −10.0%/yr
FY21 £120M
FY22 £124M
FY23 £81.8M
FY24 £75.7M
FY25 £78.8M
Net income +27.0%/yr
FY21 £7.7M
FY22 £2.7M
FY23 −£226K
FY24 −£5.7M
FY25 £19.9M

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Cite: Fair Value Calculator (2026). "Fevara plc Fair Value". https://www.fairvalue-calculator.com/stock/FVA

Peer Group

Packaged Foods · 649 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 80 · Top 25%
Fair Value upside +77% · Top 25%
Return on equity (TTM) 2% · Below median
Return on assets -0% · Bottom 25%
Net margin (TTM) 22% · Top 25%
Operating margin (TTM) 9% · Above median
Revenue growth 0% · Below median
Dividend yield (TTM) 1.8% · Below median
Debt / equity 0.09× · Higher than median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 23.0× · Pricier than median
P/B 2.58× · Pricier than 75% of peers
P/S (TTM) 1.22× · Pricier than median
P/FCF 14.9× · Pricier 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 28
FUTURE 0 · sector 20
PAST 8 · sector 27
HEALTH 95 · sector 96
DIVIDEND 35 · sector 47

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 Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is Fevara plc (FVA) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of £2.44 versus a price of £1.38, about +77% (undervalued).
What is the fair value of FVA?
Our model-based fair value for Fevara plc is £2.44 (as of Jul 19, 2026), built from audited fundamentals. The current price is £1.38.
What is the quality score of FVA?
Fevara plc has a Quality Score of 80/100. 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 Fevara plc (FVA)?
Fevara plc reported trailing-twelve-month revenue of about £78.8M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of FVA?
The net profit margin of Fevara plc is about 22.2%, meaning it keeps roughly 22.2% of revenue as net income. Based on the latest reported figures.
Does Fevara plc pay a dividend?
Fevara plc currently shows a dividend yield of about 1.82% relative to its recent price (as of Jul 19, 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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