Tasty plc (BOW) AI Stock Analysis

• Market Cap: £9.43M
• Dividend Yield: N/A
• Average Volume (3M): 1.08M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.26
• Revenue Growth: -26.54%
• EPS Growth: -164.52%
• Country: UK
• Employees: 1,041
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Restaurants
• EPS (TTM): -0.04
• Shares Outstanding: 2,261,272,500
• 10 Day Avg. Volume: 1,891,645
• 30 Day Avg. Volume: 1,084,429
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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): -0.13
• Revenue Forecast (FY): £2.34B

• Rating: 40 Underperform
• Price Target: 0.41p ▼(-18.20% Downside)
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

The score is driven primarily by weak financial performance, especially high balance-sheet risk from negative equity and leverage alongside ongoing net losses. Technicals add modest support from the short-term move above the 20DMA, but the broader trend remains negative and momentum looks stretched. Valuation is penalized due to loss-making status (negative P/E) and no dividend yield data.

Positive Factors

Free cash flow trend

A rising free cash flow trend indicates the business is generating operating cash despite net losses. Durable cash generation supports working capital, funds essential investment or restructuring, and provides a buffer for debt servicing or strategic initiatives over the next several quarters.

Improving operating margins

Turning positive on EBIT/EBITDA points to operational leverage and better cost control. Sustained improvement in operating profitability can materially reduce cash burn, enable reinvestment in growth and product development, and is a durable step toward long-term profitability.

Diversified distribution and product model

A multi-channel sales model (retail, e-commerce, private label) and supermarket partnerships create structural distribution advantages, steady shelf placement and volume opportunities. This diversification lowers concentration risk and supports sustained revenue generation when executed well.

Negative Factors

High leverage / negative equity

Negative equity and high leverage are enduring financial constraints: they raise refinancing risk, increase interest burden, and limit strategic flexibility. Over months this restricts capital allocation, raises default risk during stress, and can impede investment needed for recovery.

Declining revenue trend

A sustained top-line decline erodes scale and operating leverage in FMCG. Lower revenue reduces bargaining power with retailers, compresses unit economics, and makes margin recovery harder. Without credible revenue stabilization, structural recovery of profitability is at risk.

Persistent net losses and thin gross margins

Chronic net losses combined with very low gross margins limit the company's ability to absorb costs or fund growth internally. In low-margin FMCG categories this constrains pricing flexibility, reduces cushion for promotions, and prolongs the path to durable profitability.

Tasty plc Business Overview & Revenue Model

Company Description

Tasty plc (BOW) is a UK-based food and beverage company specializing in the development, production, and distribution of high-quality, ready-to-eat meals, snacks, and beverages. The company operates primarily in the fast-moving consumer goods (FMCG) sector, focusing on innovative food solutions that cater to changing consumer preferences. Tasty plc's core products include a diverse range of meal kits, convenience foods, and healthy snack options that are sold through major retail chains and online platforms.

How the Company Makes Money

Tasty plc generates revenue through multiple key streams, primarily from the sale of its food products in retail outlets and via e-commerce platforms. The company benefits from strategic partnerships with major supermarket chains that facilitate broad distribution of its products. Additionally, Tasty plc may engage in promotional activities and seasonal campaigns that drive consumer interest and sales. The company also explores opportunities for private label products, which can enhance margins by offering unique solutions for retailers. Its revenue model is supported by a focus on innovation in product development, enabling Tasty plc to adapt to market trends and consumer demands effectively.

Tasty plc Financial Statement Overview

Summary

Weak overall financial health: income statement reflects declining revenue and persistent net losses despite slight margin improvement and positive EBIT/EBITDA in 2024. Balance sheet is highly stressed with negative equity and high leverage. Cash flow is a relative bright spot with positive and slightly improving free cash flow, but not enough to offset profitability and balance-sheet risk.

Income Statement

The income statement shows a concerning trend with declining revenues and profitability. The gross profit margin improved slightly in 2024 to 5.6% from 4.6% in 2023, but the net profit margin remains negative due to net losses in recent years. Revenue has been inconsistent, with a significant drop in 2024 compared to 2023. The EBIT and EBITDA margins show improvement in 2024 as they turned positive, indicating some operational recovery, but sustained profitability remains a challenge.

Balance Sheet

The balance sheet reveals high leverage, with a concerning debt-to-equity ratio due to negative equity in 2023 and 2024. Although total assets have decreased, liabilities remain high, leading to financial instability. The equity ratio is low, highlighting the reliance on debt financing, which poses risks in terms of financial health and stability.

Cash Flow

Cash flow analysis indicates a positive trend in free cash flow generation, with a slight increase from 2023 to 2024. The operating cash flow to net income ratio is favorable, suggesting operational efficiency. However, the free cash flow to net income ratio reflects ongoing losses, limiting the ability to cover net income with free cash flow.

Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

Tasty plc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.50
• 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:BOW, the sentiment is Negative. The current price of 0.5 is above the 20-day moving average (MA) of 0.43, above the 50-day MA of 0.41, and above the 200-day MA of 0.50, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 36.45 is Neutral, neither overbought nor oversold. The STOCH value of 24.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:BOW.

Tasty plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DOM	68 Neutral	£786.11M	10.38	―	6.46%	-0.67%	2.43%
MAB	66 Neutral	£1.74B	9.90	6.58%	―	3.87%	18.31%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
COM	52 Neutral	£7.97M	-27.08	-19.96%	―	6.48%	88.46%
VARE	51 Neutral	£23.63M	-8.39	-6.15%	―	8.14%	79.37%
MEX	45 Neutral	£26.10M	-5.07	-9999.00%	―	12.39%	-627.32%
BOW	40 Underperform	£9.43M	-0.16	―	―	-26.54%	-164.52%

Tasty plc Corporate Events

Bow Street Group stabilises trading and gears up for transformation after £10.1m fundraise

Bow Street Group reported a stabilisation in trading for the year to 28 December 2025, with like-for-like revenue up over 1.3% in the key four-week Christmas trading period and full-year results expected to meet market expectations. Following a £10.1m fundraise, a change of name and a refreshed leadership team, the company has launched more than 280 operational improvement work streams, exited a marginally profitable Gerrards Cross lease on favourable cash terms, introduced new employee and share option incentive schemes, and begun refurbishing an initial six restaurants alongside new menus to help offset rising wage and business rate costs from April 2026; early trading at refurbished sites has been encouraging, and the Group is in positive talks over acquisitions of scalable restaurant brands, positioning 2026 as a year of rebuilding and transformation.

The most recent analyst rating on (GB:BOW) stock is a Sell with a £0.50 price target. To see the full list of analyst forecasts on Tasty plc stock, see the GB:BOW Stock Forecast page.

Bow Street Group Enhances Employee Incentives with New Share Options

Bow Street Group plc has granted over 200 million options over ordinary shares to its employees under its updated Company Share Option Plan and Unapproved Share Option Scheme. This move, which includes significant grants to key executives, aims to align employee interests with company performance and could potentially enhance stakeholder value by incentivizing management to drive business growth.

The most recent analyst rating on (GB:BOW) stock is a Sell with a £0.50 price target. To see the full list of analyst forecasts on Tasty plc stock, see the GB:BOW Stock Forecast page.

Bow Street Group Director Transfers Shares to ISA

Bow Street Group plc announced that Keith Lassman, a Non-executive Director, and his spouse, Michele Lassman, have transferred a significant number of their ordinary shares into their ISAs. Despite the transfer of 2,387,653 and 3,122,346 shares respectively, their overall holdings in the company remain unchanged, representing 0.18% and 0.15% of the issued share capital. This move is in line with regulatory requirements and does not alter their stake in the company.

The most recent analyst rating on (GB:BOW) stock is a Hold with a £0.50 price target. To see the full list of analyst forecasts on Tasty plc stock, see the GB:BOW Stock Forecast page.