Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Funding Circle Holdings plc is a leading UK financial technology company specializing in providing loans and financial services to small and medium-sized enterprises (SMEs). Founded in 2010 by Oxford University alumni, it originated as a peer-to-peer lending platform but fully transitioned to institutional lending by 2022, selling its US operations in 2024 to focus exclusively on the UK market. The company has facilitated over £16 billion in loans to more than 110,000 SMEs, supporting job creation, economic growth, and community prosperity through its capital-light technology platform. Key products include term loans from £10,000 to £750,000, FlexiPay—a flexible credit line up to £250,000 for cash flow management—and the Cashback Business Credit Card offering up to 2% cashback on spending. Leveraging advanced data analytics for superior risk assessment and 75% instant decisions, Funding Circle delivers high customer satisfaction with an 81 Net Promoter Score. Regulated by the Financial Conduct Authority and headquartered in London, it partners with institutions like Barclays and Bayview Asset Management to power SME growth in a £84 billion addressable loans market.
£1.69
+£0.08 (+4.83%)
EOD Jul 3, 2026
Operating margin is thin at 9.17%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue up 37.6% YoY with margins expanding 6.8pp.
Negative free cash flow of -£43M. The business is consuming cash, not generating it.
12.7x earnings. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
£223M
▲ +37.6% YoY
Net Income (TTM)
£46M
▲ +434.9% YoY
Op. Margin
9.17%
▲ +6.8pp YoY
ROIC
4.93%
▲ +4.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-£43M
▲ +45.4% YoY
Op. Cash Flow (TTM)
£23M
▲ +186.1% YoY
Net Debt
£121M
Cash & Equiv.
£152M
3Y CAGR: +12.6%
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At a P/E of 12.7, Funding Circle Holdings (FCH.XLON)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Funding Circle Holdings scores 47/100 on Intrinsiqq's quality scorecard, weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full . This is analysis, not investment advice.
Funding Circle Holdings scores 47 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 9.2% operating margin and a 4.9% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. you should weigh FCH.XLON's valuation and scores 47/100 on quality (mixed). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.