White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
FW Thorpe Plc designs, manufactures, and supplies professional lighting equipment in the United Kingdom, the Netherlands, Germany, rest of Europe, and internationally.
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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 external and impact resistant lighting, which includes street lighting, outdoor wall, and ceiling luminaires, as well as control systems. FW Thorpe Plc was incorporated in 1936 and is headquartered in Redditch, the United Kingdom.
FW Thorpe Plc (THFWF) currently trades at $3.85, while our model-based Fair Value estimate is $6.06, implying the stock looks roughly 36.5% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $6.44 per share, and 18 of the 26 models we run sit above the $3.85 price.
Bear case: the Dividend Discount group reads lowest at $1.16, and 8 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: $4.55 (bear) to $7.58 (bull), the price of $3.85 sits below 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 73/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
FW Thorpe Plc reported revenue of £176M in FY2024 versus £113M in FY2020, a compound +11.6%/yr. Reported net income was £24.3M in FY2024, compounding +16.2%/yr from FY2020.
Key figures
Market cap $452M · P/E ratio 13.3 · P/S ratio 1.84 · EPS (TTM) $0.2900 · Dividend yield 1.9% · Net margin 13.8% · Return on equity 14.1% · Return on assets (EBIT) 11.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 10% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at 57%, THFWF screens cheaper than that median.
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.
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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.
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.
Highest evidence
FCF DCF
$4.37
$6.45
$9.36
78
Growth DCF
$4.37
$6.30
$8.89
76
Residual Income
$1.91
$2.24
$3.05
76
All 26 models by family
DCF Models
FCF DCF
$4.37
$6.45
$9.36
78
Owner Earnings
$3.64
$5.33
$7.71
74
5Y Revenue Exit
$3.48
$5.13
$7.23
70
5Y EBITDA Exit
$4.54
$7.19
$10.34
72
5Y P/E Exit
$4.41
$6.94
$9.66
68
10Y Revenue Exit
$3.72
$5.26
$7.35
65
10Y EBITDA Exit
$4.42
$6.60
$9.60
66
10Y P/E Exit
$4.35
$6.44
$9.11
61
Earnings-Based
Graham-Dodd
$1.95
$7.16
$9.67
64
Lynch FV
$1.71
$2.44
$3.17
61
PEG = 1.0
$1.71
$2.44
$3.17
57
EPV
$2.82
$3.15
$3.43
70
Dividend Discount
Gordon GGM
$0.7000
$1.27
$1.74
68
DDM Multi-Stage
$0.7000
$1.16
$1.35
67
Multiples
P/E Multiple
$4.52
$6.03
$7.53
63
P/S Multiple
$3.11
$4.15
$5.19
58
P/B Multiple
$3.66
$4.88
$6.10
55
EV/EBIT
$5.01
$6.55
$8.08
63
EV/EBITDA
$5.16
$6.74
$8.33
64
EV/Revenue
$3.02
$4.14
$5.26
51
Asset-Based
NCAV (Graham)
$1.04
$1.40
$2.09
51
Growth DCF
Growth DCF
$4.37
$6.30
$8.89
76
Rev-Margin DCF
$3.48
$5.15
$7.17
70
Economic Profit
Residual Income
$1.91
$2.24
$3.05
76
ROIC Compounder
$2.98
$3.60
$4.33
70
Growth Earnings
Growth-Adj P/E
$3.21
$4.58
$5.95
67
Open the full fair value analysis →
Overall quality
73/100
Of which business quality 73
· Market factors (momentum, volatility) 60
Profitability
59
Margins and returns on capital today
Quality Growth
56
Are margins and returns improving?
Cashflow
81
Earnings quality: real cash, not paper profit
Fin. Strength
90
Balance sheet, leverage, solvency risk
Investment
65
Disciplined investing over empire-building
Low Volatility
100
Calm price path (market factor)
Momentum
44
Price trend over the last 3–12 months (market factor)
52W Momentum
42
Distance to the 52-week high (market factor)
Net Issuance
80
Share count: buybacks or dilution?
Open the full quality analysis →
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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Is FW Thorpe Plc (THFWF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $6.06 versus a price of $3.85, about +57% upside (undervalued).
What is the fair value of THFWF?
Our model-based fair value for FW Thorpe Plc is $6.06 (as of Sep 24, 2026), built from audited fundamentals. The current price: $3.85.
What is the quality score of THFWF?
FW Thorpe Plc has a Quality Score of 73/100. 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 FW Thorpe Plc (THFWF)?
Our model-based price target is the fair value of $6.06 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario $4.55, optimistic scenario $7.58. It is a calculation from audited fundamentals, not an analyst target.
What is the FW Thorpe Plc stock forecast for 2026?
Our models put fair value at $6.06, about +57% upside versus a price of $3.85 (undervalued). Cautious scenario $4.55, optimistic scenario $7.58. The calculation is refreshed regularly with new filings.
What is the revenue of FW Thorpe Plc (THFWF)?
FW Thorpe Plc reported trailing-twelve-month revenue of about £173M (latest available figure, as of Sep 24, 2026).
Does FW Thorpe Plc pay a dividend?
FW Thorpe Plc currently shows a dividend yield of about 1.87% relative to its recent price (as of Sep 24, 2026).
What growth is priced into FW Thorpe Plc (THFWF)?
For today's price to be fair in a discounted-cash-flow model, FW Thorpe Plc would have to grow free cash flow by -4.7 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of THFWF use?
Our models discount FW Thorpe Plc at 9.8 %: a base by market capitalisation (small), damped by beta 0.43, country premium for USA. 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 FW Thorpe Plc that is -4.7 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has FW Thorpe Plc (THFWF) delivered so far?
Over the past 5 years revenue at FW Thorpe Plc grew +9.7 % a year. The price currently implies -4.7 % 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 FW Thorpe Plc (THFWF) growing?
The median revenue growth in the sector is +7.2 % a year. That is the yardstick for the growth priced into FW Thorpe Plc (-4.7 % 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 FW Thorpe Plc (THFWF)?
The free-cash-flow yield on the price is 9.99 %: that much free cash flow FW Thorpe Plc produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of FW Thorpe Plc (THFWF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For FW Thorpe Plc it is $6.06 per share (as of Sep 24, 2026), against a price of $3.85. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is FW Thorpe Plc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, THFWF trades below its calculated fair value: price $3.85, fair value $6.06, a gap of about +57% (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 THFWF?
No. The price is what the market pays today ($3.85); the fair value is what the company's own numbers justify ($6.06). For FW Thorpe Plc the two are $2.21 per share apart. That gap is exactly why we show both numbers side by side.
How much is FW Thorpe Plc worth?
The market values FW Thorpe Plc at about $452M (market capitalisation, as of Sep 24, 2026). Per share that is $3.85; our models calculate a fair value of $6.06 per share.
What do the bullish and bearish scenarios say about THFWF?
Our models span a range for FW Thorpe Plc: cautious scenario $4.55, base $6.06, optimistic $7.58 per share (as of Sep 24, 2026, price $3.85). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is THFWF from its 52-week high?
FW Thorpe Plc trades at $3.85, about 8% below its 52-week high of $4.18 and 10% above the low of $3.50 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $6.06 is for.
Which stocks are comparable to FW Thorpe Plc?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, 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 FW Thorpe Plc stock attractive at the current price?
The data as of Sep 24, 2026: price $3.85, calculated fair value $6.06 (+57%), Quality Score 73/100, 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 THFWF calculated?
We run FW Thorpe 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 $6.06, 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 14.5 % above its aggregate fair value. FW Thorpe Plc currently trades 36 % 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 FW Thorpe Plc (THFWF)?
The closing price on Oct 2, 2026 was $3.85. Our model-based fair value is $6.06, about +57% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with FW Thorpe Plc right now?
The rarer combination: high quality (73/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case ($4.55). The market is more pessimistic than our downside scenario.
Key figures of FW Thorpe Plc
How large is the market capitalisation of FW Thorpe Plc (THFWF)?
The market capitalisation of FW Thorpe Plc is $452M. 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/E ratio of FW Thorpe Plc (THFWF)?
The price-to-earnings ratio of FW Thorpe Plc is 13.3. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of FW Thorpe Plc (THFWF)?
The price-to-sales ratio of FW Thorpe Plc is 1.84 (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 FW Thorpe Plc (THFWF)?
Earnings per share at FW Thorpe Plc are $0.2900 (price ÷ EPS = P/E 13.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of FW Thorpe Plc (THFWF)?
The dividend yield of FW Thorpe Plc is 1.9% (payout 24.8%). 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 FW Thorpe Plc (THFWF)?
The net margin of FW Thorpe Plc is 13.8% (fiscal year 2024). 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 FW Thorpe Plc (THFWF)?
The return on equity (ROE) of FW Thorpe Plc is 14.1% (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 FW Thorpe Plc (THFWF)?
On an EBIT basis the return on assets of FW Thorpe Plc is 11.4% (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 FW Thorpe Plc (THFWF)?
The operating margin of FW Thorpe Plc is 14.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at FW Thorpe Plc (THFWF)?
Revenue at FW Thorpe Plc is growing −2.4% versus a year earlier (3y avg +14.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at FW Thorpe Plc (THFWF)?
Earnings per share at FW Thorpe Plc are growing +2.7% versus a year earlier. How much earnings per share grew versus a year earlier.