Hardide (HDD) AI Stock Analysis

• Market Cap: £5.42M
• Dividend Yield: N/A
• Average Volume (3M): 89.50K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.02
• Revenue Growth: -13.98%
• EPS Growth: -6.84%
• Country: UK
• Employees: 38
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Chemicals - Specialty
• EPS (TTM): -0.02
• Shares Outstanding: 78,812,750
• 10 Day Avg. Volume: 115,020
• 30 Day Avg. Volume: 89,496
• PEG Ratio: 0.09
• Price to Book (P/B): 0.98
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -15.79
• 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

Hardide's overall stock score reflects its financial challenges and valuation concerns, offset by positive technical indicators and recent corporate events. The company's strategic direction and projected revenue growth are promising, but financial stability and management need improvement.

Hardide Business Overview & Revenue Model

Company Description

Hardide plc manufactures and sells advanced tungsten carbide/tungsten metal matrix composite coatings in the United Kingdom, Europe, North America, and internationally. Its products are used in various industries, including energy, aerospace, flow control, power generation, and precision engineering. The company was founded in 2000 and is headquartered in Bicester, the United Kingdom.

How the Company Makes Money

Hardide makes money by providing its proprietary coating services to a range of industries that require enhanced durability and performance of their metal components. The company generates revenue through the application of its specialized coatings on customer-supplied parts, as well as by licensing its technology to other manufacturers. Key revenue streams include direct coating services for sectors such as oil and gas, aerospace, and power generation, where their coatings improve operational efficiency and reduce maintenance costs. Hardide also benefits from strategic partnerships and collaborations with industry leaders, which help expand its market reach and drive adoption of its technology.

Hardide Financial Statement Overview

Summary

Hardide faces financial challenges with declining revenues and persistent losses. Negative profit margins and weak cash flows are major concerns. Although leverage is manageable, operational inefficiencies and poor cash management need addressing for financial stability.

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	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
6.04M	4.73M	5.50M	5.01M	3.60M	4.76M
	Gross Profit
2.44M	2.28M	2.61M	1.88M	1.31M	2.32M
	EBIT
-1.69M	-1.19M	-1.03M	-2.15M	-2.83M	-1.26M
	EBITDA
-851.00K	-363.00K	-271.00K	-937.00K	-1.69M	-579.00K
	Net Income Common Stockholders
-1.71M	-1.32M	-1.12M	-2.19M	-2.80M	-1.29M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
933.00K	700.00K	740.00K	1.14M	1.99M	3.11M
	Total Assets
8.89M	7.75M	8.40M	9.73M	10.76M	12.75M
	Total Debt
3.31M	2.81M	3.05M	1.94M	2.11M	2.24M
	Net Debt
2.61M	2.10M	2.31M	1.25M	569.00K	-476.00K
	Total Liabilities
4.07M	4.09M	4.11M	4.21M	3.84M	3.91M
	Stockholders Equity
4.82M	3.66M	4.29M	5.53M	6.91M	8.84M
Cash Flow		Free Cash Flow
-168.00K	-486.00K	56.00K	-1.31M	-2.25M	-4.59M
	Operating Cash Flow
-59.50K	-422.00K	166.00K	-1.01M	-1.94M	-504.00K
	Investing Cash Flow
-730.00K	-64.00K	-110.00K	-292.00K	-299.00K	-4.09M
	Financing Cash Flow
800.00K	434.00K	-98.00K	322.00K	943.00K	2.48M

Hardide Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.88
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:HDD, the sentiment is Positive. The current price of 6.88 is above the 20-day moving average (MA) of 6.07, above the 50-day MA of 6.02, and above the 200-day MA of 5.82, indicating a bullish trend. The MACD of 0.27 indicates Negative momentum. The RSI at 71.09 is Negative, neither overbought nor oversold. The STOCH value of 62.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:HDD.

Hardide Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HDD	55 Neutral	£5.42M	―	-33.20%	―	-13.98%	-6.84%
ITX	50 Neutral	£14.16M	―	-17.98%	―	-19.70%	-15.81%
Sector *	49 Neutral	$1.97B	-1.18	-21.24%	3.71%	1.29%	-31.16%
VRS	48 Neutral	£1.96M	―	-198.56%	―	-55.51%	93.81%
HAYD	46 Neutral	£4.81M	―	-92.35%	―	-27.64%	―

Hardide Corporate Events

Hardide plc Secures Shareholder Support at AGM

Hardide plc announced that all resolutions at its Annual General Meeting were passed, indicating strong shareholder support. This outcome is expected to positively impact the company’s operations by reinforcing its strategic direction and market positioning in the advanced surface coating technology sector.

Hardide Projects Strong Revenue Growth and Positive Outlook for 2025

Hardide plc, a leader in advanced surface coating technology, reports a promising financial outlook for the first half of 2025, with expected revenue growth of approximately 30% compared to the previous year. This growth is driven by developments in the aerospace sector and a recovery in the oil and gas industry. The company is focused on accelerating revenue growth and optimizing production capacity, with strategic projects in the UK and USA expected to complete by the third quarter. The Board remains confident in meeting full-year performance expectations under new management.