Hardide (HDD) AI Stock Analysis

• Market Cap: £5.22M
• Dividend Yield: N/A
• Average Volume (3M): 238.87K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.28
• Revenue Growth: 14.51%
• EPS Growth: 77.27%
• Country: UK
• Employees: 38
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): >-0.01
• Shares Outstanding: 78,812,750
• 10 Day Avg. Volume: 328,976
• 30 Day Avg. Volume: 238,873
• PEG Ratio: 1.56
• Price to Book (P/B): 1.19
• Price to Sales (P/S): 0.92
• P/FCF Ratio: -8.94
• 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: 53 Neutral
• Price Target: 8.00p ▲(6.67% Upside)

Hardide's overall stock score is primarily impacted by its financial performance challenges, including declining revenues and persistent losses. Technical analysis provides some positive signals, but valuation remains a concern due to negative profitability metrics.

Hardide Business Overview & Revenue Model

Company Description

Hardide (HDD) is a technology-driven company specializing in advanced surface coating solutions, primarily targeting the oil and gas, aerospace, and industrial sectors. The company's core offerings include its proprietary Hardide coating technology, which enhances the performance and durability of metal components by providing exceptional wear resistance, corrosion protection, and increased lifespan. Hardide's innovative products are designed to meet the demanding requirements of various high-performance applications, thereby positioning the company as a leader in surface engineering.

How the Company Makes Money

Hardide generates revenue primarily through the sale of its specialized coating services and products to clients in various industries, including oil and gas, aerospace, and manufacturing. The company operates on a business-to-business (B2B) model, where it charges clients for coating treatments applied to their components, often on a contractual basis. Key revenue streams include direct sales of coated components, service agreements, and long-term contracts with major industrial players. Additionally, Hardide benefits from strategic partnerships and collaborations with manufacturers and engineering firms, which can lead to increased contract opportunities and access to new markets, thus contributing to its overall earnings.

Hardide Financial Statement Overview

Summary

Hardide faces financial challenges with declining revenues, persistent losses, and negative profit margins. The balance sheet shows moderate leverage but potential debt-related risks, while cash flow analysis indicates liquidity pressures and weak cash generation from operations.

Income Statement

The company's income statement shows declining revenue growth with a negative trend in profitability. The gross profit margin has decreased over the years. Net profit margins remain negative, indicating challenges in achieving profitability. EBIT and EBITDA margins also reflect operational inefficiencies and a need for improved cost management.

Balance Sheet

The balance sheet reveals a moderate debt-to-equity ratio, which suggests manageable leverage but indicates potential debt-related risks. The equity ratio has been decreasing, reflecting a shrinking proportion of equity in total assets. Additionally, return on equity remains negative due to ongoing net losses.

Cash Flow

Cash flow analysis highlights negative free cash flow and a significant decline in operating cash flow, pointing to liquidity pressures. The free cash flow to net income ratio is unfavorable, indicating a need for better cash management. Despite occasional financing inflows, cash generation from operations is weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.01M	4.73M	5.50M	5.01M	3.60M	4.76M
Gross Profit	1.73M	2.28M	2.61M	1.88M	1.31M	2.32M
EBITDA	256.00K	-363.00K	-165.00K	-937.00K	-1.69M	-579.00K
Net Income	-395.50K	-1.32M	-1.12M	-2.19M	-2.80M	-1.29M
Balance Sheet
Total Assets	7.30M	7.75M	8.40M	9.73M	10.76M	12.75M
Cash, Cash Equivalents and Short-Term Investments	1.30M	700.00K	740.00K	693.00K	1.54M	3.11M
Total Debt	2.58M	2.81M	3.05M	2.96M	2.95M	2.24M
Total Liabilities	3.65M	4.09M	4.11M	4.21M	3.84M	3.91M
Stockholders Equity	3.65M	3.66M	4.29M	5.53M	6.91M	8.84M
Cash Flow
Free Cash Flow	316.50K	-486.00K	56.00K	-1.31M	-2.25M	-4.59M
Operating Cash Flow	282.50K	-422.00K	166.00K	-1.01M	-1.94M	-504.00K
Investing Cash Flow	30.00K	-64.00K	-110.00K	-292.00K	-299.00K	-4.09M
Financing Cash Flow	-348.00K	434.00K	-98.00K	322.00K	943.00K	2.48M

Hardide Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 7.50
• 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:HDD, the sentiment is Negative. The current price of 7.5 is below the 20-day moving average (MA) of 7.56, below the 50-day MA of 7.52, and above the 200-day MA of 7.16, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 39.04 is Neutral, neither overbought nor oversold. The STOCH value of 26.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:HDD.

Hardide Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IOF	68 Neutral	£43.17M	11.60	10.25%	―	8.48%	29.33%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
HAYD	55 Neutral	£28.10M	-1.76	―	―	-27.64%	35.09%
HDD	53 Neutral	£5.22M	-12.73	-11.10%	―	14.51%	77.27%
ITX	50 Neutral	£14.30M	-14.83	-12.88%	―	25.56%	35.12%
DCTA	45 Neutral	£8.09M	-2.23	-78.76%	―	-24.85%	40.28%
VRS	39 Underperform	£661.10K	-0.08	-235.32%	―	-38.73%	96.64%

Hardide Corporate Events

Hardide’s Non-Executive Chair Increases Stake in Company

Hardide plc announced that its Non-Executive Chair, Andrew Magson, has purchased 185,185 ordinary shares at a price of 8.1p each, increasing his total shareholding to 741,361 shares, which represents 0.9% of the company’s issued share capital. This transaction reflects confidence in the company’s future prospects and may positively influence stakeholders’ perception of the company’s stability and growth potential.

The most recent analyst rating on (GB:HDD) stock is a Hold with a £8.00 price target. To see the full list of analyst forecasts on Hardide stock, see the GB:HDD Stock Forecast page.

Hardide Reports Strong Revenue Growth and Positive Earnings for FY25

Hardide plc reported a significant revenue growth of over 25% to £6.0m for the financial year ended 30 September 2025, driven by new work in the aerospace and energy sectors. The company expects a materially improved EBITDA of approximately £1m, marking a positive earnings per share for the first time in years. Despite global economic uncertainties, Hardide remains confident in its prospects, aiming to double revenues to at least £10m in the coming years by leveraging existing capacity and increasing market adoption of its unique surface coating technology.

The most recent analyst rating on (GB:HDD) stock is a Hold with a £7.50 price target. To see the full list of analyst forecasts on Hardide stock, see the GB:HDD Stock Forecast page.