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FW Thorpe Plc (TFW) Fair Value & Analysis

Industrials · GB · Market cap 290M GBX

FT FW Thorpe Plc TFW · LSE
Price£2.62
Fair Value£4.55
Upside+73.7%
Quality95/100
Evidence: High Range £3.07 – £5.94

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 6 days ago

Fair value updated Jun 24, 2026 — revised from £4.34 to £4.55 (+4.8%) since Jun 23, 2026. Share price −8.0% over the past month.

Price vs Fair Value (12 months)

£3.50 £2.49 Fair Value £4.55 Jul 2025 Jun 2026

12‑month range £2.49 – £3.50 · fair‑value band £3.07 – £5.94 · the £2.62 price screens below the £4.55 fair value. As of Jun 24, 2026.

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Analysis

FW Thorpe Plc (TFW) currently trades at £2.62, while our model-based Fair Value estimate is £4.55 — implying the stock looks roughly 73.7% undervalued today. We read business quality at 95/100 (high quality), in the Industrials 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, FW Thorpe Plc generated revenue of £173M at a net margin of 14.7%. Revenue declined 2.4% year over year. It earns a return on equity of 14.1%. The balance sheet holds a net cash position of £37.8M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 173M GBX
Revenue growth (YoY) -2.4%
Net margin 14.7%
Return on equity 14.1%
Free cash flow 29.2M GBX FY2025
P/E ratio 11.7
More key figures
Operating margin 14.2%
EPS (TTM) £0.2200
Dividend yield 2.8%
EPS growth (YoY) +2.7%
Net cash 37.8M GBX FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

FW Thorpe Plc designs, manufactures, and supplies professional lighting equipment in the United Kingdom, the Netherlands, Germany, rest of Europe, and internationally. The company offers professional lighting and control systems, including recessed, surface, and suspended luminaires; emergency lighting systems; hazardous area lighting; high and low bay luminaires; lighting controls; and exterior lighting products for commercial, industrial, education, healthcare, manufacturing, logistics, retail, display, and hospitality markets. It also provides emergency general illumination, exit signage, and lighting systems for commercial, industrial, education, healthcare, infrastructure, retail, display, and hospitality markets. In addition, the company offers road and tunnel lighting, amenity lighting, cleanroom luminaires, lighting for signs, and road safety lighting for various sectors, such as pharmaceutical, research and development, advertising, and facilities. Further, it provides exte…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

FW Thorpe Plc reported revenue of £175M in FY2025 versus £118M in FY2021, a compound +10.4%/yr. Reported net income was £25.4M in FY2025, compounding +12.6%/yr from FY2021.

Revenue +10.4%/yr
FY21 £118M
FY22 £144M
FY23 £177M
FY24 £176M
FY25 £175M
Net income +12.6%/yr
FY21 £15.8M
FY22 £20.1M
FY23 £21.9M
FY24 £24.3M
FY25 £25.4M

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6 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

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Contemporary Amperex Technology Co CYATY $23.70 $14.62 -38%
ABB Ltd ABLZF $110.87 $35.93 -68%
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Frequently asked questions

Is FW Thorpe Plc (TFW) undervalued?
As of Jun 24, 2026, our model estimates a fair value of £4.55 versus a price of £2.62 — about +74% (undervalued). Model-based estimate, not financial advice.
What is the fair value of TFW?
Our 21-model fair value for FW Thorpe Plc is £4.55 (as of Jun 24, 2026), built from audited fundamentals. The current price is £2.62.
What is the quality score of TFW?
FW Thorpe Plc has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of FW Thorpe Plc (TFW)?
FW Thorpe Plc reported trailing-twelve-month revenue of about £173M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of TFW?
The net profit margin of FW Thorpe Plc is about 14.7%, meaning it keeps roughly 14.7% of revenue as net income. Based on the latest reported figures.
Does FW Thorpe Plc pay a dividend?
FW Thorpe Plc currently shows a dividend yield of about 2.77% relative to its recent price (as of Jun 24, 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.