Emmerson (EML) AI Stock Analysis

• Market Cap: £26.52M
• Dividend Yield: N/A
• Average Volume (3M): 1.15M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.46
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Agricultural Inputs
• EPS (TTM): N/A
• Shares Outstanding: 1,293,866,200
• 10 Day Avg. Volume: 1,530,717
• 30 Day Avg. Volume: 1,150,456
• PEG Ratio: >-0.01
• Price to Book (P/B): 9.87
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.24
• 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): N/A

• Rating: 48 Neutral
• Price Target: 2.00 p ▼(-4.31% Downside)
• Action: N/A Date: 01/04/26
• Date: Action: N/A 01/04/26

The score is held down primarily by very weak financial performance (no reported revenue, widening losses, and persistent negative free cash flow with equity deterioration). Technicals are somewhat supportive (price above key longer-term averages and positive MACD), but valuation offers limited help due to losses and no dividend data.

Emmerson Business Overview & Revenue Model

Company Description

Emmerson PLC engages in the exploration, development, and exploitation of a potash development project. Its principal property is the 100% owned Khemisset Potash project located in northern Morocco. The company was incorporated in 2016 and is based in Douglas, the United Kingdom.

How the Company Makes Money

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Emmerson Financial Statement Overview

Summary

Financial performance is distressed: revenue is reported as zero across annual periods, losses are persistent and widen sharply in 2024, and operating/free cash flow are negative each year (ongoing cash burn). No reported debt reduces leverage risk, but the large 2024 equity decline signals elevated funding and balance-sheet pressure.

Income Statement

The income statement is very weak: reported revenue is zero across all annual periods, while losses are persistent and widening sharply in 2024 (net loss of -25.8M vs roughly -3.0M in 2021–2023). Profitability is consistently negative (EBIT and EBITDA losses every year), indicating the business is not yet operating at a scale that covers its cost base.

Balance Sheet

Leverage appears low with no reported debt, which reduces financial risk. However, the equity base deteriorated dramatically in 2024 (equity down to 0.86M from 23.16M in 2023) alongside a large loss, and returns on equity are deeply negative in 2024 (about -30), pointing to significant balance-sheet pressure despite the lack of borrowings.

Cash Flow

Cash generation is weak: operating cash flow and free cash flow are negative in every year shown, meaning ongoing cash burn. While free cash flow improved versus 2022–2023 levels in 2024 (less negative than 2023), it remains meaningfully negative, and cash flows are not yet self-funding relative to the company’s continued losses.

Breakdown	Jun 2025	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	-19.32K	1.62K	-3.63K	0.00
EBITDA	-4.69M	-2.98M	-2.84M	-2.01M	-2.02M
Net Income	-25.77M	-3.04M	-3.20M	-2.78M	-1.94M
Balance Sheet
Total Assets	1.69M	23.50M	26.50M	24.40M	17.82M
Cash, Cash Equivalents and Short-Term Investments	923.00K	1.94M	6.67M	10.03M	1.56M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	826.00K	346.00K	1.03M	1.83M	923.18K
Stockholders Equity	859.00K	23.16M	25.47M	22.56M	16.89M
Cash Flow
Free Cash Flow	-3.79M	-4.97M	-9.39M	-5.03M	-4.96M
Operating Cash Flow	-3.58M	-3.24M	-4.34M	-2.36M	-1.30M
Investing Cash Flow	-201.00K	-1.73M	-5.05M	-2.70M	-3.65M
Financing Cash Flow	2.77M	225.00K	5.87M	13.54M	2.12M

Emmerson Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ZNWD	52 Neutral	£35.25M	-9.13	>-0.01%	―	―	-19.57%
80M	49 Neutral	£67.62M	0.59	1.23%	―	―	―
EML	48 Neutral	£26.52M	-12.41	-9110.55%	―	―	―
WSBN	48 Neutral	£8.31M	-163.55	-14.14%	―	―	―
KAV	45 Neutral	£33.84M	-1.74	-73.36%	―	―	―
GSCU	42 Neutral	£17.91M	―	―	―	―	―

Emmerson Corporate Events

Emmerson Advances ICSID Arbitration Over Moroccan Khemisset Project

Emmerson has reported progress in its arbitration proceedings against the Government of the Kingdom of Morocco, confirming that the ICSID arbitration panel was fully constituted in the fourth quarter of 2025 with the appointment of tribunal president Laurent Lévy and that an initial hearing on procedural matters took place on 16 December 2025, resulting in a timetable requiring the company to submit its detailed Memorial by the end of the first quarter of 2026. The case, brought by Emmerson’s subsidiaries Khemisset UK Ltd and Potasse de Khemisset S.A., seeks compensation for alleged expropriation of its Khemisset project and related treaty breaches under the UK-Morocco investment agreement, marking a critical legal process whose outcome remains uncertain but is central to the company’s efforts to recover value from its Moroccan investment.

The most recent analyst rating on (GB:EML) stock is a Hold with a £2.00 price target. To see the full list of analyst forecasts on Emmerson stock, see the GB:EML Stock Forecast page.