Mustang Energy Plc (CYK) AI Stock Analysis

• Market Cap: £3.75M
• Dividend Yield: N/A
• Average Volume (3M): 47.82K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.43
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: 4
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): N/A
• Shares Outstanding: 5,167,480
• 10 Day Avg. Volume: 30,857
• 30 Day Avg. Volume: 47,817
• PEG Ratio: 0.83
• Price to Book (P/B): 2.32K
• Price to Sales (P/S): 574538.89
• P/FCF Ratio: -206.66
• 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: 47 Neutral
• Price Target: 74.00p ▲(138.71% Upside)

The score is held down primarily by weak financial performance, driven by persistent operating losses and significant cash burn with a limited equity buffer. Technical indicators show strong near-term momentum, but the stock remains below longer-term moving averages, and valuation support cannot be assessed due to missing P/E and dividend yield.

Positive Factors

Improved solvency (no debt)

The latest balance sheet shows zero debt and positive equity, materially lowering refinancing and interest burdens. Over the next 2–6 months this structural solvency improves financial flexibility, preserves runway versus leveraged peers, and supports strategic options without forced deleveraging.

Lean operating footprint

A four-person headcount in a software-infrastructure business implies a highly scalable cost base. If revenue traction materializes, operating leverage can drive rapid margin expansion and cash flow improvement, making profitability more attainable without large incremental fixed-cost commitments.

Demonstrated ability to report profit

Reporting positive net income in 2023 demonstrates the business can reach profitability under some operating conditions. This suggests there are levers (revenue, cost control, or one-off items) that can be scaled or repeated to support a durable path toward sustainable earnings if execution improves.

Negative Factors

Persistent negative operating cash flow

Consistent multi-year negative operating and free cash flow around -£2.1M is a durable structural weakness. It forces recurring external financing, increases dilution or credit risk, and constrains the company’s ability to invest in product, sales, or retention necessary to achieve sustainable growth.

Minimal and inconsistent revenue base

An effectively absent or unstable revenue history (no reported revenue 2020–2023 and only a £754 gross profit most recently) indicates the business lacks a reliable demand base. This structural revenue weakness makes margin scaling and long-term cash generation uncertain absent durable customer traction.

Thin equity cushion & prior leverage

Historical negative shareholders’ equity and meaningful past debt reveal limited balance-sheet resilience. Although now solvent, the current small equity base is thin relative to ongoing losses, heightening the risk of future dilution or distress financing if operating losses persist over the medium term.

Mustang Energy Plc Business Overview & Revenue Model

Company Description

Cykel AI PLC, an AI research company. It develops AI tool that can interact with any UI, website, and API in response to natural language commands, as well as automates complex workflows for business, including lead generation, content creation, and others. The company is headquartered in London, United Kingdom.

How the Company Makes Money

Mustang Energy Plc Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.11K	―	0.00	0.00	0.00	0.00
Gross Profit	-89.35K	754.00	-503.00	0.00	-169.00	0.00
EBITDA	-1.19M	-2.42M	619.90K	111.86K	-411.00K	-231.00K
Net Income	-1.19M	-2.42M	169.53K	-559.00K	-903.00K	-232.00K
Balance Sheet
Total Assets	878.16K	455.71K	15.22K	7.09M	5.98M	370.45K
Cash, Cash Equivalents and Short-Term Investments	556.69K	119.28K	1.39M	22.99K	394.70K	345.20K
Total Debt	0.00	0.00	160.89K	7.93M	6.33M	0.00
Total Liabilities	332.83K	268.56K	329.95K	8.05M	6.38M	42.87K
Stockholders Equity	545.33K	187.16K	-314.74K	-958.90K	-400.00K	327.59K
Cash Flow
Free Cash Flow	-1.11M	-2.10M	-339.40K	-542.39K	-372.51K	-171.36K
Operating Cash Flow	-1.11M	-2.10M	-339.40K	-542.39K	-370.98K	-171.36K
Investing Cash Flow	0.00	-134.45K	-103.13K	0.00	-5.42M	0.00
Financing Cash Flow	1.55M	1.13M	326.08K	163.43K	5.84M	0.00

Mustang Energy Plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SYS	51 Neutral	£13.38M	-6.25	-9.20%	―	-7.45%	78.23%
CYK	47 Neutral	£3.75M	―	―	―	―	―
SWG	43 Neutral	£11.20M	-3.97	―	―	―	―
CTAI	42 Neutral	£3.44M	-4.80	-42.53%	―	―	―
CLCO	41 Neutral	£953.39K	―	―	―	―	―

Mustang Energy Plc Corporate Events

DeFi Development Corporation Rebrands from Cykel AI to Reflect Digital Asset Strategy

DeFi Development Corporation UK PLC has officially changed its name from Cykel AI PLC, aligning its corporate identity more closely with its Solana-focused digital asset treasury strategy while continuing to use the Cykel brand for its AI agent platform activities. The company will trade under the new TIDM “DFDV” from 13 January 2026, update its website to www.defidevcorp.co.uk, and confirms that shareholders’ holdings, certificates, ISIN, SEDOL and LEI remain unchanged, signalling a strategic rebranding without structural impact on investors’ positions.

The most recent analyst rating on (GB:CYK) stock is a Hold with a £56.00 price target. To see the full list of analyst forecasts on Mustang Energy Plc stock, see the GB:CYK Stock Forecast page.

Cykel AI PLC Cancels Warrants and Extends Conditions Deadline

Cykel AI PLC has announced the cancellation of 5,000,000 Pre-Paid and Investor Warrants, resulting in the repayment of deposits to holders, minus transaction costs. Additionally, the company has extended the deadline for satisfying conditions related to the remaining Warrants to 1 June 2026, allowing more time for these to become exercisable, which could impact the company’s financial strategy and stakeholder interests.

Cykel AI PLC Announces Interim Chairman Change

Cykel AI PLC, a company listed on the London Stock Exchange, has announced a change in its board composition. Nicholas Lyth has resigned as Interim Chairman, and Michael Chan will take over the role on an interim basis until a Non-executive Chairman is appointed. This leadership change could impact the company’s strategic direction and stakeholder confidence as the search for a permanent chairman continues.

Cykel AI PLC Reports Interim Financial Results Amidst Strategic Shift

Cykel AI PLC announced its interim financial results for the six months ending July 2025, highlighting a transition from product development to initial commercialization. The launch of its products, Lucy and Eve, has driven revenue growth, with Eve becoming central to the company’s commercial progress. Despite limited marketing spend, the company is focusing on product validation and early customer adoption. Cykel AI introduced GTM AI to enhance sales processes, and while early feedback is positive, adoption is still in its nascent stages. The company raised £2.8 million post-reporting period and is seeking additional funding to support its growth strategy, which includes developing GTM AI and strengthening its infrastructure.