Bango plc (BGO) AI Stock Analysis

• Market Cap: £66.59M
• Dividend Yield: N/A
• Average Volume (3M): 139.71K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.32
• Revenue Growth: 6.40%
• EPS Growth: 70.78%
• Country: UK
• Employees: 274
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): -0.03
• Shares Outstanding: 76,982,830
• 10 Day Avg. Volume: 57,233
• 30 Day Avg. Volume: 139,708
• PEG Ratio: 0.41
• Price to Book (P/B): 2.76
• Price to Sales (P/S): 1.35
• P/FCF Ratio: 21.56
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: 105.00p ▲(20.00% Upside)

Bango plc's overall stock score is driven by strong financial performance and positive earnings call highlights, particularly in the Digital Vending Machine segment and EBITDA growth. However, technical analysis indicates potential bearish momentum, and valuation concerns persist due to negative earnings and lack of dividends. The company's strategic expansions and financial flexibility are positive, but profitability improvements are needed to enhance the stock's attractiveness.

Positive Factors

Strong Revenue Growth

Bango's strong revenue growth indicates a solid market position and effective business strategies, enhancing its long-term competitive edge.

Digital Vending Machine Expansion

The rapid growth in the Digital Vending Machine segment highlights Bango's successful market expansion and potential for sustained revenue streams.

Enhanced Financial Flexibility

Refinancing efforts improve Bango's financial flexibility, allowing for strategic investments and growth initiatives, strengthening its balance sheet.

Negative Factors

Flat Transactional Business Revenue

Stagnant revenue in the transactional business segment suggests challenges in growth, potentially limiting overall company expansion.

Ongoing Exceptional Costs

Continued exceptional costs can strain financial resources and impact profitability, posing a risk to long-term financial health.

Negative Return on Equity

A negative ROE reflects inefficiencies in using equity capital, which can hinder investor confidence and long-term value creation.

Bango plc Business Overview & Revenue Model

Company Description

Bango plc, together with its subsidiaries, develops, markets, and sells technology that enables the marketing and sale of products and services to mobile phone users. The company offers Bango Marketplace that enables app marketers in finding Bango Audiences to directly reach new paying users; Bango Payments, which connects online app stores and merchants to approximately 3 billion users; Bango Resale, a solution to deliver the results from reselling and bundling products and services; and Bango Boost+, a customer and revenue growth program. It operates in the United Kingdom, the European Union, the United States, Canada, and internationally. The company serves retail, telecom, and app developer industries. Bango plc was founded in 1999 and is based in Cambridge, the United Kingdom.

How the Company Makes Money

Bango generates revenue primarily through transaction fees charged on payments processed via its platform. The company partners with mobile operators and digital content providers to offer direct carrier billing solutions, allowing end-users to make purchases using their mobile phone accounts. Key revenue streams include fees from app downloads, in-app purchases, and subscription services facilitated through its platform. Additionally, Bango benefits from strategic partnerships with leading mobile network operators and technology companies, enhancing its market reach and providing valuable data analytics services to its clients, thereby contributing to its overall earnings.

Bango plc Financial Statement Overview

Summary

Bango plc demonstrates strong revenue growth and operational efficiency, evidenced by high gross margins. Despite negative net income, the company shows positive cash flow trends and maintains a healthy balance sheet with manageable leverage.

Income Statement

Bango plc exhibited robust revenue growth with a 15.8% increase from the previous year, indicating a strong market position. Despite a negative EBIT margin of -5.1% and a net profit margin of -6.8%, the company showed a significant improvement in EBITDA margin to 16.9%. The gross profit margin remained high at 78.3%, highlighting operational efficiency.

Balance Sheet

The company's balance sheet reflects a moderate debt-to-equity ratio of 0.26, suggesting prudent leverage use. The equity ratio is 38.2%, showing a stable capital structure. However, the negative ROE of -13.9% indicates challenges in generating returns on equity.

Cash Flow

Bango plc's free cash flow improved significantly, with a positive growth rate from the previous year. The operating cash flow to net income ratio is strong at -5.2, reflecting effective cash generation despite net losses. The free cash flow to net income ratio is 0.92, which is a positive sign for future cash flow stability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	42.16M	53.37M	46.10M	23.22M	15.35M	12.16M
Gross Profit	23.74M	41.79M	39.62M	21.05M	19.47M	9.24M
EBITDA	7.92M	9.02M	-570.00K	1.22M	2.56M	3.75M
Net Income	-2.04M	-3.65M	-8.83M	―	321.38K	-172.00K
Balance Sheet
Total Assets	60.45M	68.48M	69.67M	58.32M	31.23M	36.84M
Cash, Cash Equivalents and Short-Term Investments	3.36M	3.38M	3.76M	10.35M	7.15M	5.84M
Total Debt	14.85M	6.88M	10.48M	3.04M	133.52K	275.00K
Total Liabilities	41.70M	42.30M	42.18M	32.69M	3.94M	4.01M
Stockholders Equity	18.74M	26.18M	21.57M	26.14M	27.29M	32.83M
Cash Flow
Free Cash Flow	10.31M	3.35M	-16.30M	-4.25M	-265.38K	1.45M
Operating Cash Flow	10.45M	18.88M	1.64M	4.78M	4.45M	4.10M
Investing Cash Flow	-11.53M	-15.52M	-14.94M	-762.21K	-5.41M	-4.51M
Financing Cash Flow	2.67M	-3.72M	6.16M	-14.61K	1.58M	4.71M

Bango plc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 87.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BGO, the sentiment is Negative. The current price of 87.5 is below the 20-day moving average (MA) of 89.42, below the 50-day MA of 93.59, and below the 200-day MA of 91.67, indicating a bearish trend. The MACD of -2.07 indicates Positive momentum. The RSI at 33.17 is Neutral, neither overbought nor oversold. The STOCH value of 30.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:BGO.

Bango plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FNX	77 Outperform	£170.43M	15.29	104.98%	7.02%	-4.35%	5.34%
BOKU	70 Outperform	£651.72M	63.58	9.64%	―	22.19%	78.35%
BGO	69 Neutral	£66.59M	-32.64	-10.50%	―	6.40%	70.78%
EWG	66 Neutral	£882.85M	96.59	3.98%	―	-0.85%	―
PAY	65 Neutral	£287.58M	18.10	16.31%	20.30%	1.58%	-57.55%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
PCIP	56 Neutral	£38.76M	891.67	―	―	25.15%	―

Bango plc Corporate Events

Bango plc Updates Total Voting Rights Following Share Option Exercise

Bango plc announced that as of October 31, 2025, its total issued share capital stands at 76,982,826 shares, each carrying one voting right. This update follows the issuance of 10,328 new ordinary shares due to the exercise of employee share options. The company does not hold any shares in treasury, meaning the total number of voting rights is 76,982,826. This information is crucial for shareholders to determine their interest in Bango’s share capital under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:BGO) stock is a Hold with a £105.00 price target. To see the full list of analyst forecasts on Bango plc stock, see the GB:BGO Stock Forecast page.

Bango PLC Updates Share Capital and Voting Rights

Bango PLC announced that as of September 30, 2025, its total issued share capital consists of 76,972,498 shares, each carrying one voting right. This follows the issuance of 142,014 new ordinary shares due to the exercise of employee share options. The company’s total voting rights reflect these changes, impacting shareholder calculations under the Financial Conduct Authority’s rules.

The most recent analyst rating on (GB:BGO) stock is a Buy with a £131.00 price target. To see the full list of analyst forecasts on Bango plc stock, see the GB:BGO Stock Forecast page.