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Deep Value: cash covers more than 100% of the stock price

This company holds roughly $33M in cash and investments — more than its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

FIH group logo

FIH group

FIH.L
31
Conglomerates · Industrials
Price
145.00 GBp
+2.50 (+1.75%)
Market Cap
18.2M GBp
Exchange
London Stock Exchange
Winston Score
31
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Aug 23, 2026 · filings through Sep 30, 2025
How the score breaks down
Quality
Weak
Growth
Mixed
Cash Flow
Weak
Stability
Good
Valuation
Data not available
Dividends
Exceptional

Share count falling — buybacks

1.8% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 12.8M (2021) → 12.5M (2025)

Winston Score History

The full picture

FIH group plc is a small British conglomerate that operates businesses in two very different places: the Falkland Islands and Portsmouth, England. In the Falkland Islands, it runs essential services including a retail store, a hotel, a fuel distribution business, and port services — making it one of the most important commercial operators in that remote territory. In Portsmouth, it operates Camber Quay, a small port and property business.

The company earns money through a mix of retail sales, hospitality, fuel supply, and port fees, giving it several income streams rather than relying on just one. Because the Falkland Islands has a tiny population and limited competition, FIH holds a strong local position by default — but that same small market limits how much the business can grow. The main risks include dependence on the Falkland Islands economy, exposure to commodity and shipping costs, and the challenge of turning around its currently negative operating margin to reach consistent profitability.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+4.4% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+57.1% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

£0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

69.3%ownership

Insiders own a meaningful stake in the company

Cash Runway

~2 years

£24M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

£24M cash & investments at current burn rate

Growth context

FIH group is growing revenue at 4% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
41.8%
Healthy — 41.8% gross margin
Profit after running costs
Operating Margin
-5.1%
Losing money on operations — -5.1%
Return on the money invested
ROCE
-3.2%
Weak — -3.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
-5.2%
Shrinking sales (-5.2% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-0.6%
Burning cash (-0.6%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
0.00
Conservative — low debt load (0.00)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
76.56%
Healthy income — 76.56% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
+407.5%
Dividend growing fast (407.5% YoY)

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