olivLaw · European equity research
Fairview International PLC FIL.L
United Kingdom · London Stock Exchange · ISIN GB00BR83RJ78 · Vertical: Listed companies from United Kingdom
Fairview International PLC runs a network of International Baccalaureate schools in Malaysia and a campus in the United Kingdom, listed in London after its October 2024 IPO. The company operates in a period when demand for international education in Asia and Malaysia appears to be rising, and reported revenue for its first financial year was 5.34 million GBP.
At the close of 04 Nov 2026, Fairview International PLC (FIL.L) stock was 0.00 GBP (+0.00% on the day), with market capitalisation 4.5 k GBP, P/E 0.0 on diluted EPS of 0.28 GBP over the last 12 months, dividend yield 0.00%, 52-week range 0.00–0.11 GBP.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 46.1
- neutral
- Bollinger (20, 2)
- -0.04 – 0.07
- in the lower half of the band · %B 0.38 · band width 759.5%
- SMA 50 / 200
- 0.04 / unavailable
- MACD (12, 26, 9)
- -0.01 / -0.01
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | unavailable | −0.6% | unavailable | — |
| 3 months | unavailable | −4.2% | unavailable | — |
| 6 months | −98.9% | +4.3% | −103.3 pp | — |
| Year to date | +8.3% | +7.5% | +0.8 pp | — |
| 1 year | unavailable | +9.9% | unavailable | +5.8% |
| 3 years | unavailable | +49.8% | unavailable | +26.3% |
| 5 years | unavailable | +42.8% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 0 percentile of its own 1-quarter history (min 0.0, median 0.0, max 0.0; quarters with earnings only).
Fiscal years
| Fiscal year | 2024 | 2025 |
|---|---|---|
| Revenue | 5.0 m | 5.3 m |
| Revenue YoY | unavailable | +6.6% |
| Net income | 0 | 754.0 k |
| Net income YoY | unavailable | unavailable |
| Diluted EPS | 0.00 | 0.28 |
| Diluted EPS YoY | unavailable | unavailable |
| net % | 0.0% | 14.1% |
| Free cash flow | 18.3 m | 3.8 m |
Balance sheet & financial health
Fiscal year 2025 · 30 Jun 2025
- Cash
- 163.0 k GBP
- Financial debt
- 11.7 m GBP
- Net debt
- 11.5 m GBP
- Equity
- 5.8 m GBP
- Total assets
- 26.1 m GBP
- Debt / equity
- 2.03x
- Current ratio
- 1.56x
- ROE
- 18.2%
- ROA
- 2.8%
- FCF margin
- 71.9%
Financial statements (source on every figure)
Revenue and net income (GBP)
Margins
Income statement · GBP
| Line | 2024 | 2025 | Source (latest year) |
|---|---|---|---|
| Revenue | 5.0 m | 5.3 m | esef· 03 Dec 2025verified |
| Cost of revenue | 2.6 m | 2.6 m | esef· 03 Dec 2025verified |
| Gross profit | 2.4 m | 2.7 m | esef· 03 Dec 2025verified |
| Operating income | 2.6 m | 3.0 m | esef· 03 Dec 2025verified |
| Interest expense | 727.0 k | 779.0 k | esef· 03 Dec 2025verified |
| Pre-tax income | 1.9 m | 1.3 m | esef· 03 Dec 2025verified |
| Income tax | 554.0 k | 546.0 k | esef· 03 Dec 2025verified |
| Net income | 0 | 754.0 k | esef· 03 Dec 2025verified |
| Diluted EPS | 0.00 | 0.28 | esef· 03 Dec 2025verified |
| Dividend per share | — | 0.00 | esef· 03 Dec 2025derived |
Balance sheet · GBP
| Line | 2024 | 2025 | Source (latest year) |
|---|---|---|---|
| Cash | 1.1 m | 163.0 k | esef· 03 Dec 2025verified |
| Inventories | 59.0 k | 53.0 k | esef· 03 Dec 2025verified |
| Current assets | 13.7 m | 11.2 m | esef· 03 Dec 2025verified |
| Property, plant & equipment, net | 13.2 m | 13.2 m | esef· 03 Dec 2025verified |
| Intangibles (excl. goodwill) | 207.0 k | 136.0 k | esef· 03 Dec 2025verified |
| Total assets | 28.6 m | 26.1 m | esef· 03 Dec 2025verified |
| Short-term debt | 3.6 m | 4.2 m | esef· 03 Dec 2025verified |
| Long-term debt | 8.6 m | 7.5 m | esef· 03 Dec 2025verified |
| Current liabilities | 8.7 m | 7.2 m | esef· 03 Dec 2025verified |
| Total liabilities | 26.1 m | 20.3 m | esef· 03 Dec 2025verified |
| Equity | 2.5 m | 5.8 m | esef· 03 Dec 2025verified |
| Shares outstanding at year end | — | 5.8 m | esef· 03 Dec 2025derived |
Cash flow · GBP
| Line | 2024 | 2025 | Source (latest year) |
|---|---|---|---|
| Operating cash flow | 18.3 m | 3.9 m | esef· 03 Dec 2025verified |
| Capex | 15.0 k | 58.0 k | esef· 03 Dec 2025verified |
| Free cash flow | 18.3 m ≈ | 3.8 m ≈ | esef· 03 Dec 2025derived |
| Investing cash flow | 445.0 k | 2.2 m | esef· 03 Dec 2025verified |
| Financing cash flow | -18.4 m | 1.2 m | esef· 03 Dec 2025verified |
| Dividends paid | 18.9 m | 0 | esef· 03 Dec 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 68 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 4.5 k GBP
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
- Returns40
- Balance sheet46
- Valuation100
- Quality64
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Neutral profile · Score 68/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 11.1% | 46 (vs peers) | 17% |
| Net margin · Quality | 14.1% | 57 (vs peers) | 10% |
| FCF conversion · Quality | 509.3% | 100 (on a fixed band) | 10% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 3.8x | 35 (on a fixed band) | 10% |
| Current ratio · Balance sheet | 1.6x | 63 (on a fixed band) | 7% |
| P/E (TTM) · Valuation | 0.0x | 100 (vs peers) | 17% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 84,880.6% | 100 (on a fixed band) | 13% |
| Shareholder yield (distributions) · Returns | 0.0% | 0 (on a fixed band) | 10% |
| Payout ratio (FCF) · Returns | 0.0% | 100 (on a fixed band) | 7% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet46/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality64/100 · 3/3 factors with a value
- Returns40/100 · 2/2 factors with a value
- Valuation100/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
FAIRVIEW INTERNATIONAL PLC (FIL.L). Latest full fiscal year: 2025; data up to 2025-06-30.
Figures computed from the financial statements: revenue 5.3 m GBP in 2025; YoY growth 6.6%; net margin 14.1%; ROE 18.2%.
The estimated value range is 14.02–286.30 GBP per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 26.28 GBP, the price of 0.00 GBP leaves a potential of 3,369,370.3% (value / price − 1) and a margin of safety of 100.0% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 68/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 509.3%
- P/E (TTM): 0.0x
- FCF yield: 84,880.6%
- Payout ratio (FCF): 0.0%
- The price is below the estimated value range
What contradicts it
- Shareholder yield (distributions): 0.0%
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA.
Versus the vertical median
Listed companies from United Kingdom · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BATS.LBritish American Tobacco P.L.C. | 104.3 bn | 13.5 | 16.5% | 30.3% | −1.0% | +7% / +88% |
| ABF.LAssociated British Foods PLC | 14.7 bn | 14.3 | 9.2% | 5.3% | −3.1% | −5% / −15% |
| 0EV1.LCarnival PLC | 5.5 bn | 4.1 | 46.7% | 13.4% | +6.4% | unavailable / unavailable |
| BAB.LBabcock International Group PLC | 5.1 bn | 24.7 | 34.7% | 4.1% | +7.2% | −10% / +158% |
| AUTO.LAutotrader Group PLC | 4.8 bn | 16.4 | 60.2% | 47.1% | +3.9% | −13% / −23% |
| BBY.LBalfour Beatty PLC | 4.2 bn | 16.3 | 23.2% | 2.8% | +15.2% | +20% / +160% |
| ABDN.LAberdeen Group PLC | 4.1 bn | 10.8 | 8.0% | 28.9% | −2.1% | +11% / +41% |
| BKG.LThe Berkeley Group Holdings PLC | 3.6 bn | 11.3 | 8.8% | 13.4% | −4.2% | −0% / −22% |
| BME.LB&M European Value Retail PLC | 2.9 bn | 17.4 | 21.2% | 2.8% | +3.7% | +68% / −51% |
| AJB.LAj Bell PLC | 2.4 bn | 22.8 | 49.9% | 33.1% | +18.0% | +8% / +128% |
| ASHM.LAshmore Group PLC | 1.4 bn | 13.9 | 13.1% | 71.6% | −0.1% | +28% / +18% |
| BCG.LBaltic Classifieds Group PLC | 1.2 bn | 23.2 | 15.8% | 57.6% | +6.9% | −99% / −99% |
| APN.LApplied Nutrition PLC | 763.6 m | 36.2 | 41.2% | 19.7% | +24.2% | +71% / unavailable |
| BAG.LA.G. Barr P.L.C. | 671.9 m | 14.4 | 14.4% | 10.8% | +4.0% | −7% / +26% |
| ASC.LAsos PLC | 494.5 m | — | -81.3% | -12.0% | −14.7% | +71% / +8% |
| ALFA.LAlfa Financial Software Holdings PLC | 486.8 m | 16.3 | 61.5% | 23.8% | +15.3% | −28% / +10% |
| AML.LAston Martin Lagonda Global Holdings PLC | 344.3 m | — | -93.4% | -39.2% | −20.6% | −45% / −85% |
| APTD.LAptitude Software Group PLC | 111.3 m | 28.5 | 7.2% | 6.2% | −7.3% | −30% / −23% |
| AMGO.LAmigo Holdings PLC | 9.9 m | — | — | — | −81.9% | +325% / +844% |
| ASBE.LAssociated British Engineering PLC | 605.3 k | — | -19.1% | — | unavailable | unavailable / unavailable |
| AMIF.LAmicorp Fs (uk) PLC | 221.6 k | 0.1 | 27.5% | 9.1% | +8.1% | unavailable / unavailable |
| FIL.LFairview International PLC | 4.5 k | 0.0 | 18.2% | 14.1% | +6.6% | −26% / unavailable |
| AAF.LAirtel Africa PLC | — | — | 24.1% | 10.6% | +29.5% | −7% / +164% |
| AAL.LAnglo American PLC | — | — | -19.3% | -20.2% | +4.5% | +30% / +76% |
| ACG.LAcg Metals Limited | — | — | -80.3% | -32.0% | +134.8% | +60% / +63% |
1- and 3-year price returns: for FIL.L from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (GBP)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 0.00 Total return -72% · Per year -72% | 0.00 Total return -51% · Per year -51% | 0.00 Total return -26% · Per year -26% |
| 3 years | 0.00 Total return -72% · Per year -34% | 0.00 Total return -44% · Per year -17% | 0.00 Total return -7% · Per year -2% |
| 5 years | 0.00 Total return -71% · Per year -22% | 0.00 Total return -36% · Per year -9% | 0.00 Total return 16% · Per year 3% |
- Exit P/E± 0.00
- Net margin± 0.00
- Annual revenue growth± 0.00
- Annual dilution± 0.00
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Fairview International PLC runs a network of International Baccalaureate schools in Malaysia and a campus in the United Kingdom, listed in London after its October 2024 IPO. The company operates in a period when demand for international education in Asia and Malaysia appears to be rising, and reported revenue for its first financial year was 5.34 million GBP 1.
SWOT
Strengths
- Notable academic results on the IB programme, with scores above the global average and strong rankings, support the appeal of the brand 1.
- Competitive fees, significantly below comparable schools, attract a broad segment of families 1.
- A resource-sharing model across the school network and proprietary programmes reduce dependence on individual campus structures 1.
Weaknesses
- Activity is concentrated on a small number of campuses, with a relatively modest consolidated revenue for a listed company 1.
- Significant debt secured on property and very low cash at the end of the year 1.
- Listing-related non-recurring costs weighed on the year's result, and whether they can be avoided in future remains unclear 1.
Opportunities
- Rising demand for international education in Malaysia and from families in China could support school expansion 1.
- Development of the Johor-Singapore zone could increase population and demand in Johor Bahru if the project advances 1.
- Difficulties faced by UK independent schools could open acquisition opportunities 1.
Risks
- Dependence on two schoolshigh
The company's activity relies on a small number of campuses, so a local problem could materially affect results 1.
- Debt secured on propertyhigh
Significant debt secured against properties could limit financial flexibility if cash flows weaken 1.
- Low liquiditymedium
Cash available at year end was very small, which could make it difficult to absorb unexpected expenses 1.
- Changes in immigration policymedium
Changes to visas or expatriate passes could reduce demand from foreign families 1.
- Uncertain pace of development projectslow
The timing and scale of JSSEZ outcomes cannot be determined precisely, which could delay expected growth 1.
Investment thesis
What would need to be true (bull case)
- If demand for IB education from Malaysia and Chinese families holds, the company could raise fees and enrolment without losing its price advantage 1.
- Above-average academic results could strengthen the Fairview brand and attract students from several countries 1.
- Difficulties at UK schools could open acquisition opportunities, and the resource-sharing model could make such deals more efficient 1.
What would break the thesis
- Significant debt and low cash could limit the company's ability to fund expansion without new capital 1.
- Activity concentrated on a few campuses could make results highly sensitive to local events or immigration policy 1.
- If cost pressures cannot be fully passed on through fees, margins could fall and expansion plans could be postponed 1.
What to watch
- Trend in revenue and enrolment at the two Malaysian schoolsnext 10-K
- Timetable and results of the JSSEZ project in Johor Bahru2027
- Progress of school acquisitions in the United Kingdom and any financing requirednext 10-K
- Level of property-secured debt and available cashQ1 2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Fairview International PLC owns two schools in Malaysia, Fairview KL and Fairview Johor Bahru, acquired in fiscal 2025 and operating under the Fairview brand, created in 1978 1. Consolidated revenue for the period to 30 June 2025 was approximately 5.34 million GBP, generated by the two schools 1. The Fairview network includes six schools, five in Malaysia and one in the United Kingdom, and the Kuala Lumpur school also acts as the commercial centre of the network, with proprietary programmes and software 1.
The company's offering rests on the International Baccalaureate programme for ages 5 to 18, described in the annual report as the first uninterrupted continuum of its kind in Malaysia 1. Fees are significantly lower than at comparable schools, which could attract a broader pool of families 1. Operations are partly financed by debt secured on property, and at year end the company reported cash of only 163,000 GBP 1.
Meanwhile the company is assessing acquisitions and new builds in South-East Asia and the United Kingdom, where tax pressures on independent schools could create opportunities 1. The board states that its cost model and resource sharing across the network give it flexibility for such transactions 1.
Segments
Market context
Malaysia aims to attract 250,000 international students in 2025, and expatriate passes issued in 2024 were the highest since 2018, with over 154,000 documents 1. Demand from China is the largest component, with about 33,216 applications in 2024, and if this growth persists the market could support expansion of IB schools 1.
The market is competitive, and the source indicates that demand will depend on immigration policy, living costs and the appeal of other education systems, factors that are hard to predict 1. The future results of the JSSEZ project, which could accelerate growth in Johor Bahru, cannot be determined precisely at this stage 1.
Trends
- Rising demand for international educationtailwind
International applications rose 25% in 2024, and families from China could prefer the IB because it is not tied to national politics 1. If this trend continues, schools in the network could benefit directly 1.
- Johor-Singapore Special Economic Zonetailwind
The JSSEZ, launched through a memorandum signed in January 2024, could attract investment and population growth in Johor Bahru, with a favourable effect on demand 1. The exact timetable remains undetermined 1.
- Tax pressure on UK schoolsmixed
VAT and National Insurance changes for independent schools in the United Kingdom could reduce demand and raise costs for competitors, leaving room for acquisitions 1.
- Cost and fee pressuremixed
The company states it may raise fees in future years in line with costs, but this depends on family acceptance, so the effect remains uncertain 1.
Competitive position
The source indicates that Fairview's advantage over other international schools lies in its lower fees and its uninterrupted IB continuum, while premium schools in Singapore or Hong Kong charge far higher fees 1. Local competition and other international schools in Malaysia are not quantified in the annual report 1.
The company argues that its cost flexibility and resource sharing could make it more resilient than UK schools constrained by taxes, although this is the management's interpretation 1.
- Premium international schools in Singapore
Cited in the report as a costlier alternative for expatriate families; not listed companies in the source.
- International schools in Hong Kong
Compared as a high-fee market against which Fairview could offer a more accessible option.
- Independent schools in the United Kingdom
Affected by recent tax pressures, which could create acquisition opportunities for Fairview.
- Other international schools in Malaysia
Local rivals offering international programmes; the report does not name them.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202503 Dec 2025
Sources
- [1] Annual report, fiscal year ended 2025-06-30 (ESEF) · SEC / Fairview International PLC · 30 Jun 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.