Cordel Group PLC (CRDL) AI Stock Analysis

• Market Cap: £10.63M
• Dividend Yield: N/A
• Average Volume (3M): 164.06K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.92
• Revenue Growth: 7.86%
• EPS Growth: 70.77%
• Country: UK
• Employees: 35
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): >-0.01
• Shares Outstanding: 216,923,230
• 10 Day Avg. Volume: 105,523
• 30 Day Avg. Volume: 164,056
• PEG Ratio: 0.57
• Price to Book (P/B): 5.33
• Price to Sales (P/S): 3.40
• P/FCF Ratio: -53.53
• 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): <0.01
• Revenue Forecast (FY): £6.20M

• Rating: 42 Neutral
• Price Target: 4.50p ▼(-28.00% Downside)
• Action: Reiterated Date: 01/31/26
• Date: Action: Reiterated 01/31/26

The score is held down primarily by weak profitability and cash flow quality despite strong revenue growth, alongside bearish technical signals with the stock trading below major moving averages. Valuation is not supportive because the negative P/E is driven by losses and there is no dividend yield provided.

Positive Factors

Top-line Growth

Sustained high revenue growth indicates strong market demand and successful product adoption. Over 2-6 months this supports scale economies, increased market presence, and the ability to reinvest in product and sales to extend competitive advantages in analytics and AI solutions.

Conservative Leverage

A low debt profile provides financial flexibility and resilience, reducing refinancing risk and interest burdens. This durable strength supports continued R&D and sales investment, and better withstands cyclical downturns while preserving strategic optionality for partnerships or acquisitions.

Recurring, Contracted Revenue Model

A mix of subscription revenue, long-term telecom contracts and strategic partnerships creates durable, predictable cash streams and customer stickiness. This business model supports steady ARR growth, higher lifetime value and easier planning for product roadmaps and scaling sales teams.

Negative Factors

Weak Profitability

Persistent negative EBIT and net margins signal the business is not yet translating revenue into sustainable profits. Over months this limits retained earnings, constrains reinvestment capacity, and requires a credible path to margin improvement to justify long-term capital allocation.

Poor Cash Conversion

Negative operating cash conversion and falling free cash flow reduce liquidity and increase dependence on external funding. This structural cash weakness hampers ability to fund growth, R&D or absorb shocks, making sustainable expansion harder without improved cash generation.

Negative Returns on Equity

A negative ROE shows the company is not generating returns from shareholder capital, which is a durable drag on investor value. Without operational improvement or higher margins, negative ROE undermines long-term ability to attract capital and deliver shareholder returns.

Cordel Group PLC Business Overview & Revenue Model

Company Description

Cordel Group Plc provides data integration and analytic services for the transportation, infrastructure, and banking sectors in Australia, the United Kingdom, the United States, Asia, Europe, the Middle East, and Africa. It offers a patented cloud-based platform for master data management and business analytics together with specialist hardware and software for capturing, analyzing, and reporting on datasets within the transport sector employing artificial intelligence algorithms. The company provides Corridor, an automated software and hardware solution that enables rail, road, and energy networks to automate inspections, predict failures, and transform corridor insights; Nextcore, a drone-based light detection and ranging for the assessment and survey of power lines, steep terrain, vegetated areas, and limited access environments; and Airsight, which offers aerial surveying and information services, including inspection, mapping, and aerial video and photography to various industries using drones. It also offers Maestrano Presen!, which presents data through dashboards, graphs, charts, animated gifs, and others; Maestrano Impac! that comprises predication services creating business insights, including classification, categorization, pattern detection, recognition, future trends modelling and projections, and KPI monitoring and management; Maestrano Reconcile!, which cleans and analyses volumes of data in real-time; Maestrano Connec! that ingests data from various disparate sources for use in new digital services; Maestrano Nex!, a platform as a service deployment; and Maestrano Hub!, a orchestration platform. The company was formerly known as Maestrano Group plc and changed its name to Cordel Group Plc in November 2021. The company was founded in 2013 and is based in Mayfield West, Australia.

How the Company Makes Money

Cordel Group PLC generates revenue primarily through the sale of its software solutions and services, which include subscription-based models for its analytics platforms, one-time licensing fees for its software products, and consulting services that assist clients in implementing and utilizing its technology effectively. Key revenue streams are derived from long-term contracts with telecommunications companies and other enterprise clients, who benefit from enhanced data analytics and operational efficiencies. Additionally, strategic partnerships with technology firms and industry leaders further bolster its market presence and contribute to its earnings by enabling Cordel to offer complementary services and expand its customer base.

Cordel Group PLC Financial Statement Overview

Summary

Strong revenue growth (69.6%) supports the outlook, but profitability remains weak with negative net profit/EBIT margins. Balance sheet leverage is conservative, yet negative ROE and weak cash conversion/free cash flow trends point to ongoing operational and liquidity pressure.

Income Statement

Cordel Group PLC has shown a significant revenue growth rate of 69.6% in the latest year, indicating strong top-line expansion. However, the company continues to face challenges with profitability, as evidenced by negative net profit and EBIT margins. The gross profit margin has improved but remains below industry standards. Overall, while revenue growth is promising, the company's profitability metrics suggest ongoing operational challenges.

Balance Sheet

The balance sheet of Cordel Group PLC shows a low debt-to-equity ratio, indicating conservative leverage and a strong equity base. However, the return on equity remains negative, reflecting ongoing losses and inefficiencies in generating returns for shareholders. The equity ratio is healthy, suggesting a solid capital structure, but the company needs to improve its profitability to enhance shareholder value.

Cash Flow

Cordel Group PLC's cash flow statement reveals a decline in free cash flow growth, indicating potential liquidity challenges. The operating cash flow to net income ratio is negative, highlighting inefficiencies in converting earnings into cash. The free cash flow to net income ratio is also concerning, suggesting that the company struggles to generate sufficient cash flow relative to its net losses. Overall, the cash flow position requires improvement to support sustainable growth.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	4.24M	4.79M	4.44M	3.05M	2.27M	1.69M
Gross Profit	-123.13K	3.53M	-69.34K	156.75K	-401.65K	-433.70K
EBITDA	-927.06K	-158.00K	-1.06M	-331.46K	-1.02M	-1.10M
Net Income	-1.15M	-402.01K	-1.30M	-598.15K	-1.20M	-1.02M
Balance Sheet
Total Assets	3.24M	4.48M	4.14M	4.82M	3.59M	4.46M
Cash, Cash Equivalents and Short-Term Investments	1.02M	1.50M	1.02M	1.28M	339.67K	1.54M
Total Debt	220.25K	141.49K	253.92K	32.70K	139.31K	137.27K
Total Liabilities	1.16M	1.43M	1.62M	1.02M	850.29K	614.69K
Stockholders Equity	2.09M	3.05M	2.52M	3.80M	2.74M	3.84M
Cash Flow
Free Cash Flow	22.80K	-303.92K	-239.83K	-689.96K	-1.23M	-1.96M
Operating Cash Flow	78.44K	-186.73K	-94.65K	-629.15K	-1.07M	-1.81M
Investing Cash Flow	-55.64K	-117.19K	-136.52K	8.61K	-152.64K	-155.78K
Financing Cash Flow	-28.17K	881.58K	-15.59K	1.58M	12.71K	1.94M

Cordel Group PLC Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 6.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CRDL, the sentiment is Negative. The current price of 6.25 is above the 20-day moving average (MA) of 4.77, above the 50-day MA of 5.51, and below the 200-day MA of 6.40, indicating a neutral trend. The MACD of -0.17 indicates Negative momentum. The RSI at 44.43 is Neutral, neither overbought nor oversold. The STOCH value of 86.11 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:CRDL.

Cordel Group PLC Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DOTD	73 Outperform	£171.64M	11.82	11.31%	1.68%	6.27%	0.83%
EYE	69 Neutral	£109.03M	41.31	4.88%	―	0.97%	-71.58%
NET	68 Neutral	£175.60M	46.99	9.59%	0.80%	22.80%	-32.13%
CLBS	62 Neutral	£52.14M	-9.99	11.22%	2.44%	-25.63%	-20.36%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
GETB	60 Neutral	£34.72M	-10.45	―	―	1.73%	-68.87%
CRDL	42 Neutral	£10.63M	-3.44	-14.44%	―	7.86%	70.77%

Cordel Group PLC Corporate Events

Cordel wins third U.S. Class I railroad contract to advance AI-driven PTC inspections

Cordel Group PLC has secured a new contract with a U.S. Class I railroad, its third Class I customer in North America and fourth major U.S. client, to validate positive train control asset management and LiDAR-based clearance assessment in live operations. The win underscores growing market acceptance of Cordel’s PTC solution and supports a long-term digital inspection strategy for the railroad.

Under the agreement, Cordel’s rugged hardware will be installed on a geometry testing vehicle in early 2026 to capture up to 3,000 miles of active rail network for real-world operational validation. The project aims to demonstrate a clear return on investment by improving inspection efficiency, track safety and data-driven decision-making, guiding the railroad’s broader PTC workflow and potential future rollout of Cordel’s technology.

The most recent analyst rating on (GB:CRDL) stock is a Hold with a £5.00 price target. To see the full list of analyst forecasts on Cordel Group PLC stock, see the GB:CRDL Stock Forecast page.

Cordel’s First-Half Revenue Falls on Contract Delays as Rail Data Pipeline Doubles

Cordel Group PLC reported a 24% year-on-year drop in first-half revenue to £1.73m and a widened EBITDA loss of £0.89m for the six months to 31 December 2025, as delayed purchase orders in the US and UK and a strategic pivot towards larger, multi-year contracts reduced near-term income. Costs of sales fell 20% on lower third-party and hardware spending, but total expenses rose 12% following prior-year hiring, pushing the pre-tax loss to £1.0m and reducing cash to £1.02m, while net assets declined to £2.09m. Despite the weaker interim performance, Cordel highlighted operational progress across all regions, including expanded LiDAR data capture in the US, contract extensions in Australia and Saudi Arabia, a major trial with Vossloh in Europe, and a Track Innovation project with Transport for London that advances tunnel analytics. Management pointed to a doubled commercial pipeline of around £70m, strong traction for its new Positive Train Control Asset Connect system with North American railroads, and growing long-term data management mileage as reasons for confidence that second-half contract wins will restore growth and support delivery of its full-year 2026 revenue ambitions.

The most recent analyst rating on (GB:CRDL) stock is a Hold with a £6.00 price target. To see the full list of analyst forecasts on Cordel Group PLC stock, see the GB:CRDL Stock Forecast page.

Cordel Group strengthens board with appointment of US rail veteran Jeffrey Songer

Cordel Group PLC has appointed veteran US rail executive Jeffrey Songer as a non-executive director, strengthening its board with more than three decades of experience in operations, engineering and finance across the North American rail sector. Songer, who previously led merger and integration activities for Kansas City Southern Railway following its $31 billion acquisition by Canadian Pacific Railway and has deep expertise in Positive Train Control systems and major railroad procurement, is expected to enhance Cordel’s operational and strategic planning and support the company’s efforts to raise its profile and build relationships with senior leaders in the global rail industry.

The most recent analyst rating on (GB:CRDL) stock is a Hold with a £6.00 price target. To see the full list of analyst forecasts on Cordel Group PLC stock, see the GB:CRDL Stock Forecast page.