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Aptitude Software Group plc
(LSE:APTD)
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Rating:58Neutral
Price Target:
206.00 p
▲(3.78% Upside)
Action:Downgraded
Date:04/09/26
The score is held up by a conservatively financed balance sheet and consistently positive operating/free cash flow, but is weighed down by two years of revenue contraction and declining profits. Technicals also detract due to the price sitting below key longer-term moving averages with a negative MACD, while valuation remains only fair given a 33.6 P/E despite a modest ~2.36% dividend yield.
Positive Factors
Conservative balance sheet
Low leverage (equity ~£54.2m vs debt ~£8.3m in 2025) provides durable financial flexibility, lowers refinancing and solvency risk, and supports multi-quarter execution of strategy or selective M&A. A conservative balance sheet cushions cyclical software demand shocks and preserves optionality.
Negative Factors
Two years of revenue contraction
Consecutive top-line declines signal weakening market traction or lost deals, reducing scale benefits and making sustainable margin improvement harder. Persistent revenue shrinkage can force harder cost cuts, curb product investment, and limit long-term growth optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage (equity ~£54.2m vs debt ~£8.3m in 2025) provides durable financial flexibility, lowers refinancing and solvency risk, and supports multi-quarter execution of strategy or selective M&A. A conservative balance sheet cushions cyclical software demand shocks and preserves optionality.
Read all positive factors
Aptitude Software Group plc (APTD) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£106.86M
Dividend Yield2.76%
Average Volume (3M)42.53K
Price to Earnings (P/E)26.6
Beta (1Y)-0.31
Revenue Growth-7.27%
EPS Growth-15.76%
CountryUK
Employees317
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.07
Shares Outstanding54,521,065
10 Day Avg. Volume22,421
30 Day Avg. Volume42,532
Financial Highlights & Ratios
PEG Ratio-2.38
Price to Book (P/B)3.00
Price to Sales (P/S)2.51
P/FCF Ratio17.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.15
Revenue Forecast (FY)£72.70M
Aptitude Software Group plc Business Overview & Revenue Model
Company Description
Aptitude Software Group Plc provides information technology consulting services and software solutions. It provides a series of financial management software applications, which have the capability of processing complex, business event-driven tran...
How the Company Makes Money
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Aptitude Software Group plc Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
72
Positive
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 64.95M | 70.04M | 74.69M | 74.39M | 59.33M |
| Gross Profit | 36.18M | 33.51M | 34.11M | 21.09M | 18.73M |
| EBITDA | 11.24M | 10.75M | 10.00M | 8.64M | 9.06M |
| Net Income | 4.02M | 4.98M | 4.13M | 2.60M | 5.07M |
Balance Sheet | |||||
| Total Assets | 106.38M | 114.78M | 119.41M | 118.19M | 117.25M |
| Cash, Cash Equivalents and Short-Term Investments | 29.56M | 30.40M | 34.09M | 29.25M | 29.06M |
| Total Debt | 8.34M | 10.12M | 11.40M | 13.35M | 12.94M |
| Total Liabilities | 52.17M | 56.87M | 59.10M | 57.65M | 60.06M |
| Stockholders Equity | 54.21M | 57.92M | 60.31M | 60.54M | 57.19M |
Cash Flow | |||||
| Free Cash Flow | 9.49M | 5.17M | 10.39M | 2.36M | 10.69M |
| Operating Cash Flow | 10.23M | 6.77M | 10.99M | 3.19M | 11.92M |
| Investing Cash Flow | -736.00K | -1.23M | -319.00K | -831.00K | -34.34M |
| Financing Cash Flow | -9.86M | -8.98M | -5.11M | -3.79M | 7.04M |
Aptitude Software Group plc Technical Analysis
Negative
198.50
Price Trends
209.84
Negative
216.86
Negative
244.21
Negative
Market Momentum
-3.66
Negative
40.84
Neutral
10.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:APTD, the sentiment is Negative. The current price of 198.5 is above the 20-day moving average (MA) of 198.45, below the 50-day MA of 209.84, and below the 200-day MA of 244.21, indicating a bearish trend. The MACD of -3.66 indicates Negative momentum. The RSI at 40.84 is Neutral, neither overbought nor oversold. The STOCH value of 10.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:APTD.
Aptitude Software Group plc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | £103.49M | 14.65 | 5.57% | ― | -1.34% | 20.88% | |
68 Neutral | £201.30M | 82.52 | 5.22% | 0.80% | 19.00% | -53.85% | |
67 Neutral | £157.08M | 17.21 | 8.80% | 2.56% | 3.82% | -18.43% | |
62 Neutral | £146.49M | -55.86 | -29.18% | ― | 47.75% | -307.74% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | £106.86M | 26.63 | 7.38% | 2.76% | -7.27% | -15.76% | |
48 Neutral | £284.69M | -12.25 | -26.32% | ― | -1.15% | -1047.06% |
* Technology Sector Average
GB:APTD
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Aptitude Software Group plc Corporate Events
Regulatory Filings and Compliance
Aptitude Software Updates Share Capital and Voting Rights Figures
Neutral
Aug 3, 2026
Aptitude Software Group plc reported that as of 31 July 2026 its issued share capital consisted of 55,246,064 ordinary shares, including 725,000 held in treasury that do not carry voting rights. This leaves 54,521,064 exercisable voting rights, a ...
Business Operations and StrategyStock BuybackFinancial DisclosuresM&A Transactions
Aptitude lifts H1 profit as Fynapse-led shift offsets legacy churn
Positive
Jul 31, 2026
Aptitude Software reported improved operating profit for the first half of 2026 as it accelerated its transition to a higher-margin, software-led and partner-led business model built around its Fynapse Finance ERP platform. Annual recurring revenu...
Regulatory Filings and Compliance
Aptitude Software Updates Share Capital and Voting Rights
Neutral
Jul 1, 2026
Aptitude Software Group plc reported that as of 30 June 2026 its issued share capital consisted of 55,246,064 ordinary shares, including 725,000 held in treasury, resulting in 54,521,064 exercisable voting rights. The company highlighted that shar...
Business Operations and StrategyFinancial Disclosures
Aptitude Software wins $5.54m Fynapse deal to power new Canadian bank
Positive
Jun 25, 2026
Aptitude Software has secured a three-year, USD $5.54 million Fynapse contract with a major Canadian financial services group managing more than C$100 billion in assets. The deal adds to the company’s recurring revenue base, with revenue rec...
Regulatory Filings and Compliance
Aptitude Software Updates Share Capital and Voting Rights Figure
Neutral
Jun 1, 2026
Aptitude Software Group plc has reported that as of 31 May 2026 its issued share capital consists of 55,246,064 ordinary shares, of which 725,000 are held in treasury. This leaves 54,521,064 exercisable voting rights, a key reference figure for sh...
Executive/Board Changes
Aptitude Software CEO Exercises Deferred Bonus Share Awards
Neutral
May 29, 2026
Aptitude Software Group plc has confirmed that Deferred Bonus Share awards granted to executives in April 2024 under its 2020 Deferred Bonus Plan have vested after a two-year holding period. The awards, structured as nil-cost options with dividend...
Business Operations and StrategyExecutive/Board ChangesStock BuybackDividendsShareholder Meetings
Aptitude Software Wins Full Shareholder Backing at 2026 AGM
Positive
May 27, 2026
Shareholders of Aptitude Software Group plc approved all resolutions at the company’s 2026 annual general meeting, including the adoption of the 2025 annual report and accounts and a final dividend of 3.6 pence per share. The meeting also co...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Aptitude doubles down on Fynapse as Strategic Review and sale process advance
Positive
May 27, 2026
Aptitude Software reported continued operational progress, underpinned by a strong recurring revenue base and solid cash generation, as it sharpens its strategy around Fynapse as its primary growth engine in the fast-evolving Finance ERP market. T...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.