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Auction Technology Group PLC (GB:ATG)
LSE:ATG

Auction Technology Group PLC (ATG) AI Stock Analysis

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GB:ATG

Auction Technology Group PLC

(LSE:ATG)

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Neutral 52 (OpenAI - 5.2)
Rating:52Neutral
Price Target:
283.00p
▼(-1.91% Downside)
The score is held back primarily by weak financial performance (losses, negative margins, and declining free cash flow growth) despite revenue growth and a stable leverage profile. Technicals provide some support with the price above key moving averages and a positive MACD, but valuation is constrained by a negative P/E and no dividend yield data.
Positive Factors
Network effects from marketplace model
ATG's platform monetises both transaction fees and recurring tech fees. Network effects—more houses, listings and bidders—create durable liquidity and seller stickiness. This structural advantage supports scalable take-rates, higher sell-through and long-term revenue resilience.
Consistent revenue growth
Sustained top-line expansion (~9.5%) shows demand for digital auction services and platform adoption. Persistent revenue growth helps absorb fixed costs, enables incremental investment in product and marketing, and provides a runway to improve operating leverage over several quarters.
Manageable leverage / solid capital structure
A moderate debt load and stable equity ratio indicate financial flexibility to fund platform development and selective M&A without excessive refinancing risk. This capital structure supports continued investment in technology and customer retention through cyclical periods.
Negative Factors
Negative profitability and margins
Negative net income and EBITDA margins show the company currently fails to convert revenue into operating profits. Persistently weak margins limit internal funding for growth, increase reliance on external capital, and mean management must fix cost structure or monetisation to deliver durable returns.
Declining free cash flow growth
Falling free cash flow growth reduces the firm's ability to self-fund product investment, marketing or acquisitions. Over a multi-month horizon this can constrain strategic initiatives, force tighter capital allocation, and increase sensitivity to operating volatility or market funding conditions.
Negative return on equity
A negative ROE indicates the company isn't generating acceptable returns on shareholders' capital. This reflects capital allocation or margin issues; unless addressed it undermines long-term shareholder value and raises questions about the sustainability of growth investments.

Auction Technology Group PLC (ATG) vs. iShares MSCI United Kingdom ETF (EWC)

Auction Technology Group PLC Business Overview & Revenue Model

Company DescriptionAuction Technology Group PLC (ATG) is a leading online auction platform headquartered in the UK, specializing in the technology and services that support the auction industry. The company operates in the sectors of art, antiques, collectibles, and general auctions, providing a comprehensive suite of digital solutions for auction houses, buyers, and sellers. ATG's core products include its proprietary auction software, online bidding platforms, and integrated marketing services designed to enhance the auction experience for all stakeholders.
How the Company Makes MoneyATG generates revenue through several key streams, primarily by charging auction houses a commission on the sale of items sold through its platform. This commission is typically a percentage of the final hammer price. Additionally, the company earns income from subscription fees paid by auction houses for access to its online auction technology and services. ATG also monetizes its platform through listing fees, advertising, and promotional services, which provide auction houses with increased visibility and reach. Strategic partnerships with various auction houses and industry stakeholders further bolster its revenue, allowing the company to expand its market presence and enhance its service offerings.

Auction Technology Group PLC Financial Statement Overview

Summary
Revenue grew 9.52%, but profitability is a key weakness: net income is negative with a negative EBITDA margin. Balance sheet leverage appears manageable, yet ROE is negative, and free cash flow growth has declined.
Income Statement
45
Neutral
The company has shown a positive revenue growth rate of 9.52% in the latest year, indicating a healthy top-line expansion. However, the net income has turned negative, leading to a negative net profit margin, which is a significant concern. The gross profit margin remains strong, but the negative EBITDA margin highlights operational inefficiencies.
Balance Sheet
55
Neutral
The balance sheet shows a moderate debt-to-equity ratio, suggesting manageable leverage. However, the return on equity has turned negative, indicating inefficiencies in generating returns for shareholders. The equity ratio is stable, reflecting a solid capital structure.
Cash Flow
50
Neutral
The cash flow statement reveals a decline in free cash flow growth, which is concerning. The operating cash flow to net income ratio is positive, suggesting that the company is generating cash from its operations, but the free cash flow to net income ratio is less favorable due to the negative net income.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue171.41M190.15M130.25M135.22M119.85M70.08M
Gross Profit103.27M86.48M87.68M91.74M79.75M45.54M
EBITDA-104.09M-69.70M46.43M49.85M49.00M10.80M
Net Income-146.46M-110.75M18.09M16.94M-6.13M-27.36M
Balance Sheet
Total Assets777.40M777.40M646.36M726.04M806.96M619.05M
Cash, Cash Equivalents and Short-Term Investments9.78M9.78M5.10M8.54M51.82M397.45M
Total Debt189.70M189.70M93.35M125.08M182.69M150.47M
Total Liabilities250.77M250.77M132.42M196.08M267.63M179.60M
Stockholders Equity391.19M391.19M513.94M529.96M539.32M439.45M
Cash Flow
Free Cash Flow51.16M39.31M35.14M40.23M34.95M7.67M
Operating Cash Flow51.43M39.54M43.51M49.56M39.43M9.78M
Investing Cash Flow-96.82M-73.55M-8.08M-34.08M-384.19M-27.29M
Financing Cash Flow46.50M38.65M-38.21M-59.17M-9.96M396.10M

Auction Technology Group PLC Technical Analysis

Technical Analysis Sentiment
Negative
Last Price288.50
Price Trends
50DMA
302.13
Negative
100DMA
304.67
Negative
200DMA
375.97
Negative
Market Momentum
MACD
-3.76
Positive
RSI
39.92
Neutral
STOCH
16.50
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ATG, the sentiment is Negative. The current price of 288.5 is below the 20-day moving average (MA) of 320.57, below the 50-day MA of 302.13, and below the 200-day MA of 375.97, indicating a bearish trend. The MACD of -3.76 indicates Positive momentum. The RSI at 39.92 is Neutral, neither overbought nor oversold. The STOCH value of 16.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:ATG.

Auction Technology Group PLC Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
£200.75M19.3411.31%1.68%6.27%0.83%
70
Outperform
£96.55M13.315.30%-3.95%16.87%
70
Outperform
£519.49M63.091.56%1.73%-0.18%11.49%
69
Neutral
£112.91M68.554.88%0.97%-71.58%
65
Neutral
£644.58M820.002.53%18.75%-93.75%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
52
Neutral
£345.71M-3.25-23.77%5.83%-663.14%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:ATG
Auction Technology Group PLC
285.50
-306.50
-51.77%
GB:ACSO
accesso Technology
260.00
-240.00
-48.00%
GB:DOTD
Dotdigital
66.20
-18.24
-21.60%
GB:EYE
Eagle Eye Solutions
377.00
17.00
4.72%
GB:GBG
GB Group plc
220.00
-121.16
-35.51%
GB:TRST
Trustpilot Group Plc
164.00
-191.00
-53.80%

Auction Technology Group PLC Corporate Events

Business Operations and StrategyM&A Transactions
Auction Technology Group Responds as FitzWalter Rules Out Takeover Offer
Negative
Feb 2, 2026

Auction Technology Group plc has acknowledged the announcement by FitzWalter Capital Limited that it does not intend to make an offer for the company, a decision that triggers restrictions on FitzWalter under UK takeover rules. ATG’s board expressed appreciation for the engagement of shareholders and the support of customers and employees during the offer period, and signalled its intention to maintain a constructive dialogue with FitzWalter as it resumes business as usual following the end of the potential bid process.

The most recent analyst rating on (GB:ATG) stock is a Hold with a £328.00 price target. To see the full list of analyst forecasts on Auction Technology Group PLC stock, see the GB:ATG Stock Forecast page.

Business Operations and StrategyStock BuybackShareholder Meetings
Auction Technology Group AGM Reveals Shareholder Pushback on Capital Authorities
Negative
Jan 22, 2026

Auction Technology Group’s annual general meeting on 22 January 2026 saw shareholders approve the bulk of the board’s proposals, including the receipt of the 2025 accounts, the remuneration report, the (re-)appointment of all named directors, the reappointment and fees of the auditor, authority to make political donations, a standard share-allotment authority, the calling of general meetings on 14 days’ notice, and a capital reduction via cancellation of the share premium account, with court hearings expected in February and March and effectiveness anticipated in late March 2026. However, there was notable shareholder dissent, with more than 20% of votes cast against resolutions 2–10 and 14–17 and the key special resolutions to disapply pre-emption rights and to authorise market purchases of the company’s own shares failing to secure the required 75% approval, prompting the board to commit to further engagement with investors and to report back under UK Corporate Governance Code requirements, highlighting governance and capital-allocation concerns among a significant minority of shareholders.

The most recent analyst rating on (GB:ATG) stock is a Hold with a £343.00 price target. To see the full list of analyst forecasts on Auction Technology Group PLC stock, see the GB:ATG Stock Forecast page.

Business Operations and StrategyM&A Transactions
Auction Technology Group Presses FitzWalter to Clarify Intentions on Possible Takeover
Neutral
Jan 22, 2026

Auction Technology Group plc has moved to clarify the status of takeover-related discussions around its Industrial & Commercial division after FitzWalter Capital Limited announced a possible offer for the company. The board said it had received preliminary, exploratory expressions of interest in the I&C division from two third parties and FitzWalter, but none progressed beyond early-stage talks, no NDAs were signed, no formal terms were put forward and only a brief presentation based on public information was shared. Emphasising its confidence in ATG’s prospects as a listed company in its current structure, the board urged FitzWalter either to table a proposal that reflects what it considers fair value for the group and its future growth or to step aside so management can focus fully on executing strategy. Under UK takeover rules, FitzWalter must by 2 February 2026 either announce a firm intention to make an offer for ATG or confirm that it does not intend to bid, leaving shareholders watching closely for clarity on the company’s ownership and strategic direction.

The most recent analyst rating on (GB:ATG) stock is a Hold with a £343.00 price target. To see the full list of analyst forecasts on Auction Technology Group PLC stock, see the GB:ATG Stock Forecast page.

Business Operations and StrategyStock BuybackFinancial DisclosuresM&A Transactions
Auction Technology Group Posts Solid Q1, Reaffirms Outlook and Rejects FitzWalter Approach
Positive
Jan 22, 2026

Auction Technology Group reported a solid start to its 2026 financial year, with first-quarter pro forma constant-currency revenue up 7.2%, strong growth in its Arts & Antiques division driven by atgShip, and continued positive momentum at Chairish, where synergies are on track to deliver an $8 million annual run-rate benefit. The company reaffirmed its full-year guidance for revenue growth of 4–5%, a 34.5–35.5% adjusted EBITDA margin and stronger first-half performance, alongside robust cash generation that has reduced leverage to 2.0x EBITDA and is expected to push it well below 2x by year-end, potentially enabling capital returns such as share buybacks. In parallel, ATG’s board is resisting takeover pressure from FitzWalter Capital, having unanimously rejected a series of unsolicited and, in its view, opportunistic cash proposals including an indicative 400p-per-share approach, while confirming that any previous interest in its Industrial & Commercial business did not advance beyond initial discussions and reiterating its commitment to an organic growth strategy.

The most recent analyst rating on (GB:ATG) stock is a Hold with a £343.00 price target. To see the full list of analyst forecasts on Auction Technology Group PLC stock, see the GB:ATG Stock Forecast page.

Business Operations and StrategyRegulatory Filings and Compliance
Auction Technology Group Updates on Employee Share Scheme Allotments
Neutral
Jan 19, 2026

Auction Technology Group plc has reported its latest six‑monthly block listing return for a range of employee and incentive share schemes, including its Employee Benefit Trust, Long Term Incentive Plan, UK and International Share Incentive Plan, Employee Share Purchase Plan, Deferred Bonus Share Plan and rollover arrangements related to the LiveAuctioneers acquisition. During the period from 17 July 2025 to 16 January 2026, the company allotted 160,000 ordinary shares of 0.01 pence each under these schemes, leaving 401,195 ordinary shares still available but not yet issued, indicating ongoing use of equity-based compensation without any increase to the existing block listing authorities.

The most recent analyst rating on (GB:ATG) stock is a Hold with a £366.00 price target. To see the full list of analyst forecasts on Auction Technology Group PLC stock, see the GB:ATG Stock Forecast page.

Business Operations and StrategyM&A Transactions
Auction Technology Group Rejects FitzWalter’s 400p Indicative Bid as Too Low
Neutral
Jan 19, 2026

Auction Technology Group has rejected a possible all-cash offer of 400 pence per share from FitzWalter Capital, saying the indicative proposal significantly undervalues the business and its future prospects. The board, which has yet to receive a customary terms letter from FitzWalter, unanimously advised shareholders to take no action while it prepares to update the market at its AGM trading statement on 22 January, and signalled it remains open to engaging with FitzWalter or other interested parties if a comprehensive proposal at fair value emerges. Under UK takeover rules, FitzWalter has until 2 February 2026 to announce a firm intention to bid or walk away, leaving the company in a formal offer period that will be closely watched by investors and other potential bidders.

The most recent analyst rating on (GB:ATG) stock is a Hold with a £366.00 price target. To see the full list of analyst forecasts on Auction Technology Group PLC stock, see the GB:ATG Stock Forecast page.

Business Operations and StrategyM&A Transactions
ATG Rejects FitzWalter’s Takeover Proposals as Opportunistic and Undervalued
Neutral
Jan 5, 2026

Auction Technology Group has publicly disclosed that it has received and unanimously rejected eleven unsolicited, highly conditional takeover proposals from its largest shareholder, FitzWalter Capital, the latest at 360 pence per share in cash, arguing the approaches fundamentally undervalue the business and are opportunistic given what it sees as a disconnect between its public market valuation and its fair value. The board, which has not granted FitzWalter access to non-public due diligence, is now pressing the investor either to table a firm offer on terms reflecting what it considers fair value or to walk away, so management can focus fully on executing its growth strategy, including integrating the Chairish acquisition, enhancing its technology and AI-driven platform, and pursuing long-term standalone value creation for shareholders ahead of a strategic update at its AGM trading statement later this month.

The most recent analyst rating on (GB:ATG) stock is a Hold with a £297.00 price target. To see the full list of analyst forecasts on Auction Technology Group PLC stock, see the GB:ATG Stock Forecast page.

Regulatory Filings and Compliance
Auction Technology Group Confirms Total Voting Rights at Year-End 2025
Neutral
Jan 2, 2026

Auction Technology Group plc has reported that, as of 31 December 2025, its issued share capital comprised 122,848,795 ordinary shares, of which 1,740,372 shares are held in treasury. This leaves a total of 121,108,423 voting rights in the company, a key reference figure for investors assessing disclosure thresholds under UK transparency rules and for monitoring potential changes in significant shareholdings and corporate governance influence.

The most recent analyst rating on (GB:ATG) stock is a Hold with a £297.00 price target. To see the full list of analyst forecasts on Auction Technology Group PLC stock, see the GB:ATG Stock Forecast page.

Financial DisclosuresShareholder Meetings
Auction Technology Group Announces 2025 Annual Report and Upcoming AGM
Neutral
Dec 10, 2025

Auction Technology Group plc has published its 2025 Annual Report and Accounts, alongside the Notice of the 2026 Annual General Meeting (AGM). Shareholders will vote on a resolution for a Capital Reduction, which requires both shareholder approval and court confirmation. The AGM is scheduled for January 22, 2026, in London, with options for in-person attendance or online viewing. This announcement underscores ATG’s commitment to transparency and shareholder engagement, potentially impacting its financial structure and stakeholder relations.

The most recent analyst rating on (GB:ATG) stock is a Buy with a £685.00 price target. To see the full list of analyst forecasts on Auction Technology Group PLC stock, see the GB:ATG Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Auction Technology Group to Release Trading Update for Q4 2025
Neutral
Dec 10, 2025

Auction Technology Group plc announced it will release a trading update on January 22, 2026, for the quarter ending December 31, 2025. This update is anticipated to provide insights into the company’s recent performance and could impact its operational strategies and market positioning, offering stakeholders valuable information on ATG’s progress and future outlook.

The most recent analyst rating on (GB:ATG) stock is a Buy with a £685.00 price target. To see the full list of analyst forecasts on Auction Technology Group PLC stock, see the GB:ATG Stock Forecast page.

Business Operations and StrategyFinancial DisclosuresM&A Transactions
Auction Technology Group Reports Strong Revenue Growth and Strategic Progress in FY25
Neutral
Nov 26, 2025

Auction Technology Group plc reported its full-year results for the year ending September 30, 2025, with revenue slightly exceeding market expectations at $190.2 million, a 9% increase from the previous year. Despite a 4% decline in adjusted EBITDA to $76.8 million and an operating loss of $134.2 million due to a goodwill impairment charge, the company showed strong cash generation and strategic progress. The acquisition of Chairish has expanded ATG’s buyer and seller reach, enhancing its competitive position and marketplace offerings. The company remains focused on strategic initiatives and expects continued revenue growth and strong cash flow generation in FY26.

The most recent analyst rating on (GB:ATG) stock is a Hold with a £336.00 price target. To see the full list of analyst forecasts on Auction Technology Group PLC stock, see the GB:ATG Stock Forecast page.

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.Date of analysis: Jan 06, 2026