olivLaw · European equity research
Foxtons Group PLC FOXT.L
United Kingdom · London Stock Exchange · ISIN GB00BCKFY513 · Vertical: Listed companies from United Kingdom
Foxtons Group PLC is a London estate agency group with a growing share of lettings, which bring recurring revenue and some protection from cycles in the sales market. Revenue for fiscal 2025 was £172.5 million, and adjusted operating profit stayed roughly flat at £22.2 million as new rules for the lettings sector took effect.
At the close of 05 Nov 2026, Foxtons Group PLC (FOXT.L) stock was 0.36 GBP (+0.42% on the day), with market capitalisation 107.8 m GBP, P/E 8.6 on diluted EPS of 0.04 GBP over the last 12 months, dividend yield 3.32%, beta 0.27, 52-week range 0.36–0.60 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)
- 43.9
- weak (30–45)
- Bollinger (20, 2)
- 0.36 – 0.38
- in the lower half of the band · %B 0.16 · band width 5.3%
- SMA 50 / 200
- 0.37 / 0.43
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.00 / -0.00
- MACD below 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 | −1.4% | −0.6% | −0.7 pp | — |
| 3 months | −1.5% | −4.2% | +2.7 pp | — |
| 6 months | −20.9% | +4.3% | −25.3 pp | — |
| Year to date | −39.3% | +7.5% | −46.8 pp | — |
| 1 year | −33.1% | +9.9% | −43.1 pp | +5.8% |
| 3 years | −8.0% | +49.8% | −57.9 pp | +26.3% |
| 5 years | −19.9% | +42.8% | −62.7 pp | — |
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 3-quarter history (min 14.2, median 15.3, max 27.1; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 147.1 m | 163.9 m | 172.5 m |
| Revenue YoY | unavailable | +11.4% | +5.2% |
| Net income | 5.5 m | 14.0 m | 12.8 m |
| Net income YoY | unavailable | +155.0% | −8.3% |
| Diluted EPS | 0.02 | 0.05 | 0.04 |
| Diluted EPS YoY | unavailable | +164.7% | −6.7% |
| net % | 3.7% | 8.5% | 7.4% |
| Free cash flow | 13.6 m | 23.6 m | 24.8 m |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 5.5 m GBP
- Financial debt
- unavailable GBP
- Net debt
- unavailable GBP
- Equity
- 145.0 m GBP
- Total assets
- 272.4 m GBP
- Debt / equity
- unavailable
- Current ratio
- 1.06x
- ROE
- 9.0%
- ROA
- 4.8%
- FCF margin
- 14.4%
Financial statements (source on every figure)
Revenue and net income (GBP)
Margins
Income statement · GBP
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 147.1 m | 163.9 m | 172.5 m | esef· 07 Apr 2026verified |
| Operating income | 9.8 m | 19.8 m | 19.4 m | esef· 07 Apr 2026verified |
| Interest expense | 2.3 m | 2.9 m | 3.1 m | esef· 07 Apr 2026verified |
| Pre-tax income | 7.9 m | 17.5 m | 16.9 m | esef· 07 Apr 2026verified |
| Income tax | 2.4 m | 3.5 m | 4.1 m | esef· 07 Apr 2026verified |
| Net income | 5.5 m | 14.0 m | 12.8 m | esef· 07 Apr 2026verified |
| Diluted EPS | 0.02 | 0.05 | 0.04 | esef· 07 Apr 2026verified |
| Dividend per share | 0.01 | 0.01 | 0.01 | esef· 07 Apr 2026derived |
Balance sheet · GBP
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 5.0 m | 5.3 m | 5.5 m | esef· 07 Apr 2026verified |
| Receivables | 17.4 m | 16.7 m | 17.6 m | esef· 07 Apr 2026verified |
| Current assets | 37.1 m | 42.8 m | 44.3 m | esef· 07 Apr 2026verified |
| Property, plant & equipment, net | 9.5 m | 8.1 m | 8.7 m | esef· 07 Apr 2026verified |
| Goodwill | 40.7 m | 52.3 m | 54.5 m | esef· 07 Apr 2026verified |
| Intangibles (excl. goodwill) | 114.9 m | 118.0 m | 116.7 m | esef· 07 Apr 2026verified |
| Total assets | 251.3 m | 268.2 m | 272.4 m | esef· 07 Apr 2026verified |
| Accounts payable | 21.3 m | 23.9 m | 22.0 m | esef· 07 Apr 2026verified |
| Short-term debt | 40.0 k | 0 | — | esef· 15 Apr 2025verified |
| Current liabilities | 45.5 m | 47.9 m | 41.9 m | esef· 07 Apr 2026verified |
| Total liabilities | 125.7 m | 129.2 m | 127.5 m | esef· 07 Apr 2026verified |
| Equity | 125.6 m | 139.0 m | 145.0 m | esef· 07 Apr 2026verified |
| Shares outstanding at year end | 305.0 m | 304.4 m | 298.7 m | esef· 07 Apr 2026derived |
Cash flow · GBP
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 15.7 m | 24.7 m | 27.7 m | esef· 07 Apr 2026verified |
| Capex | 2.1 m | 1.1 m | 2.9 m | esef· 07 Apr 2026verified |
| Free cash flow | 13.6 m ≈ | 23.6 m ≈ | 24.8 m ≈ | esef· 07 Apr 2026derived |
| Investing cash flow | -17.2 m | -14.4 m | -8.9 m | esef· 07 Apr 2026verified |
| Financing cash flow | -5.5 m | -10.0 m | -18.7 m | esef· 07 Apr 2026verified |
| Dividends paid | 2.7 m | 2.8 m | 3.6 m | esef· 07 Apr 2026verified |
| Share repurchases | 1.1 m | 0 | 5.5 m | esef· 07 Apr 2026verified |
≈ 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 weight coverage: 52.1% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 107.8 m GBP
Key indicators
Coverage and freshness
Score by group
52% · Insufficient data
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
Insufficient data
Minimum-evidence gate: score weight coverage: 52.1% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 7.4% | 43 (vs peers) | 12% |
| FCF conversion · Quality | 193.2% | 100 (on a fixed band) | 12% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 6.2x | 73 (on a fixed band) | 12% |
| Current ratio · Balance sheet | 1.1x | 21 (on a fixed band) | 8% |
| P/E (TTM) · Valuation | 8.6x | 83 (vs peers) | 20% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 23.0% | 100 (on a fixed band) | 16% |
| Shareholder yield (distributions) · Returns | 8.5% | 100 (on a fixed band) | 12% |
| Payout ratio (FCF) · Returns | 14.5% | 100 (on a fixed band) | 8% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet52/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality71/100 · 2/3 factors with a value
- Returns100/100 · 2/2 factors with a value
- Valuation91/100 · 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
FOXTONS GROUP PLC (FOXT.L). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 172.5 m GBP in 2025; YoY growth 5.2%; net margin 7.4%; ROE 9.0%.
The estimated value range is 0.30–0.44 GBP per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 0.37 GBP, the price of 0.36 GBP leaves a potential of 1.9% (value / price − 1) and a margin of safety of 1.9% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 52.1% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 193.2%
- Interest coverage: 6.2x
- P/E (TTM): 8.6x
- FCF yield: 23.0%
- Shareholder yield (distributions): 8.5%
- Payout ratio (FCF): 14.5%
What contradicts it
- Current ratio: 1.1x
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): ROIC, 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% |
| FOXT.LFoxtons Group PLC | 107.8 m | 8.6 | 9.0% | 7.4% | +5.2% | −36% / −18% |
| 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 |
| 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 FOXT.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 | 0.22 Total return -36% · Per year -36% | 0.39 Total return 11% · Per year 11% | 0.59 Total return 67% · Per year 67% |
| 3 years | 0.22 Total return -32% · Per year -12% | 0.43 Total return 31% · Per year 9% | 0.71 Total return 112% · Per year 28% |
| 5 years | 0.21 Total return -28% · Per year -6% | 0.48 Total return 52% · Per year 9% | 0.87 Total return 166% · Per year 22% |
- Exit P/E± 0.11
- Net margin± 0.08
- Annual revenue growth± 0.06
- Annual dilution± 0.01
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
Foxtons Group PLC is a London estate agency group with a growing share of lettings, which bring recurring revenue and some protection from cycles in the sales market. Revenue for fiscal 2025 was £172.5 million 1, and adjusted operating profit stayed roughly flat at £22.2 million 1 as new rules for the lettings sector took effect.
SWOT
Strengths
- Strong London brand, supported by an operating platform that underpins service quality, cross-selling and efficiency.
- A large share of recurring lettings and management revenue reduces dependence on the sales cycle.
- A track record of well-integrated acquisitions with returns reported above target, including outside London.
Weaknesses
- The sales segment is loss-making and sensitive to the market cycle, which weighs on adjusted profit.
- Margins are pressed by staff costs and inflation, and adjusted operating profit has been flat.
- Net free cash flow is modest relative to the size of the group, which limits rapid investment.
Opportunities
- Lettings regulation could increase demand for professional agents and property management services.
- Sector consolidation could offer acquisitions of small agencies on favourable terms.
- Expansion beyond London could open new markets for lettings and sales.
Threats
- Worsening access to mortgage finance could reduce activity in the sales market.
- New regulatory requirements or government interventions could disrupt growth plans.
- Competitors growing through acquisition or digital models could erode the group's market share.
Risks
- Market riskhigh
Housing affordability, borrowing costs and government policy could reduce transaction volumes, particularly in sales.
- Regulatory compliancehigh
Breaches of lettings law or financial conduct rules could lead to sanctions and reputational harm; the residual risk rose in 2025 1.
- Competitor challengemedium
Rivals growing organically or through acquisition could take market share if the strategy does not adapt.
- People and costsmedium
Shortage of skilled staff or rising employment costs could pressure margins, especially if employee engagement falls.
- IT security and reputationlow
Cyber attacks or a reputational incident could affect customer trust and day-to-day operations.
Investment thesis
What would need to be true (bull case)
- If recurring revenue keeps growing and regulation accelerates consolidation, the group could capture additional share in lettings.
- A recovery in the sales market could release pent-up demand, and the segment could return to profitability.
- The operating platform and well-integrated acquisitions could support reaching the medium-term targets.
What would break the thesis
- If the sales market stays weak, segment losses could persist and limit adjusted profit.
- Rising staff costs and inflation could keep margins under pressure if savings prove insufficient.
- New regulation could raise compliance costs and delay progress toward revenue targets.
What to watch
- Effect of the Renters' Rights Act on demand for property management2026
- Trajectory of adjusted operating profit and margin against the 20% target2026
- Pace of the sales segment's return to profitabilitynext 10-K
- Any acquisitions of agencies outside London and their returns2027
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
The group operates mainly in London through three segments: lettings, residential sales and financial services via its Alexander Hall division. Lettings revenue was £111.0 million in 2025 1, representing 64% of group revenue 1. The company describes itself as the leader in London's estate agency sector and the UK's largest lettings brand 1.
The business model rests on a proprietary operating platform that standardises customer service and supports cross-selling of property management. About 67% of revenue comes from non-cyclical and recurring activities such as lettings and refinancing 1, which reduces reliance on the more volatile sales market.
The group funds growth through acquisitions of agencies with quality lettings portfolios and through share buybacks. Acquisitions in 2025 included businesses in Reading and Watford, and medium-term targets call for £240 million in revenue and a 20% adjusted operating profit margin 1.
Segments
Lettings
This is the largest and most stable segment, with revenue of £111.0 million in 2025 1 and a lettings market share of 6.7% 1. Growth comes from property management and portfolio acquisitions, and these recurring revenues are supported by landlord relationships.
Sales
Revenue was £51.3 million in 2025 1, but the segment recorded an adjusted operating loss, partly because the company chose to keep staff capacity in a weak market 1. The stated aim is a return to profitability in a lower-volume environment.
Financial Services
The Alexander Hall division generated revenue of £10.3 million in 2025 1, with growth driven mainly by refinancing. It is regulated by the financial conduct authority, which implies high compliance standards.
Market context
The London lettings market is described as resilient, with solid supply and demand supporting rents 1. The sales market remains sensitive to geopolitical and macroeconomic conditions, and the Bank of England base rate finished 2025 at 3.75% 1.
The company expects new regulation to accelerate consolidation in the sector, as smaller agencies face higher staff and compliance costs. This could open market share opportunities for a strong brand such as Foxtons 1.
Trends
- Renters' Rights Actmixed
The act takes effect on 1 May 2026 and raises compliance requirements for landlords, which could increase use of professional agents and property management services. The company sees it as an opportunity but also as a regulatory risk 1.
- Sales market recoveryheadwind
Sales remain under pressure from geopolitical uncertainty and financing costs. A recovery in consumer confidence could release pent-up demand, but management says economic stability is needed 1.
- Higher staff costsheadwind
National insurance and national living wage increases, plus inflation, pressed margins in 2025 1. Savings from the headquarters relocation, about £1.5 million a year, partly offset this pressure 1.
- Sector consolidationtailwind
New rules may push small independent agents to exit or be acquired, which could favour groups with strong operating platforms and acquisition capacity 1.
Competitive position
The group operates in a highly competitive market where rivals may grow organically or through acquisition, change pricing structures or launch alternative business models 1. The company responds by continually assessing competitor activity and tailoring offers to market segments.
Stated advantages are scale, brand, a centralised operating platform and a strong customer service record, reflected in a Google rating of 4.6 out of 5 1. If consolidation accelerates, competitive pressure could rise, particularly in property management.
- Small independent London agencies
Local players whose compliance costs may become harder to sustain under new rules, and who could become acquisition targets or lose share.
- National estate agency groups
Networks that can grow through acquisition and compete on property management and pricing.
- Specialist property management firms
Specialist firms that may compete directly for landlords seeking outsourced management services.
- Digital letting platforms
Alternative listing and intermediation models that could change pricing structures in the market.
News & filings
In the press
- Foxtons Sales Fees Drop 13% Showing London Housing RutBloomberg Markets · 30 Jul 2026 · EN
Annual reports (ESEF)
- Annual report 202507 Apr 2026
- Annual report 202415 Apr 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Foxtons Group PLC · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.