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FVA

Fevara PLC

Food, Beverage and Tobacco First-pass screen £69m
430/1000 Overall fit
AI beneficiary 35% 20
Operating leverage 25% 68
Valuation 25% 45
Downside protection 15% 50

First-pass take

Well-executed operational turnaround in livestock supplements, with 69% adjusted EBIT growth on 4% revenue (Caltech gross margin 17%→28%). However, zero AI exposure, modest absolute profitability (4.7% margins on £78.8m revenue), thin post-Tender net cash (£2.6m), and commodity agricultural business model fail core stockemon criteria.

Flags

cyclicalmicro-capm-and-adefensivepost-transformationthin-balance-sheet