Hardide (HDD) AI Stock Analysis

• Market Cap: £13.00M
• Dividend Yield: N/A
• Average Volume (3M): 232.92K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.36
• 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: 107,940
• 30 Day Avg. Volume: 232,917
• 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 ▼(-54.93% Downside)

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.

Positive Factors

Innovative Product Offering

Hardide's proprietary coating technology enhances metal component durability, providing a competitive edge in high-performance applications.

Strategic Partnerships

Strategic partnerships expand market access and contract opportunities, supporting revenue growth and market position.

Revenue Growth

Positive revenue growth indicates expanding market reach and successful adoption of Hardide's coating solutions.

Negative Factors

Declining Profit Margins

Negative profit margins reflect operational inefficiencies and cost management challenges, impacting long-term profitability.

Liquidity Pressures

Weak cash generation and liquidity pressures may hinder Hardide's ability to invest in growth and manage debt.

Debt-Related Risks

Moderate leverage with potential debt-related risks could strain financial flexibility and impact future operations.

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 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	-488.00K
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	2.74M
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: Positive
• Last Price: 17.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 17.75 is above the 20-day moving average (MA) of 16.80, above the 50-day MA of 11.89, and above the 200-day MA of 8.52, indicating a bullish trend. The MACD of 1.44 indicates Positive momentum. The RSI at 58.19 is Neutral, neither overbought nor oversold. The STOCH value of 19.41 is Positive, 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
ELM	64 Neutral	£969.41M	-16.97	3.37%	1.34%	-11.78%	-92.61%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
HAYD	55 Neutral	£39.26M	-1.32	―	―	-27.64%	35.09%
HDD	53 Neutral	£13.00M	-30.91	-11.10%	―	14.51%	77.27%
DCTA	53 Neutral	£13.57M	-3.60	-78.76%	―	-24.85%	40.28%
SYNT	51 Neutral	£99.77M	-1.22	-7.26%	―	-4.41%	2.29%
VRS	39 Underperform	£601.00K	-0.07	-235.32%	―	-38.73%	96.64%

Hardide Corporate Events

Hardide Sets Date to Publish Full-Year 2025 Results

Hardide plc has announced it will publish its annual results for the year ended 30 September 2025 on 22 January 2026, signalling an upcoming update on the company’s financial and operational performance. The forthcoming results will be closely watched by stakeholders in the industrial coatings and engineering supply chain, given Hardide’s role in providing performance-enhancing surface treatments to critical components in demanding sectors such as energy and aerospace.

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 Secures Major Orders from New North American Energy Customer

Hardide plc has secured significant orders worth £1.75 million from a major new North American customer in the energy sector, reflecting strategic efforts to expand in the US market. This development is expected to boost Hardide’s revenues in the first half of the fiscal year ending September 2026, surpassing initial forecasts. The company’s facility in Martinsville, USA, will service these orders, highlighting its enhanced value proposition. The orders align with Hardide’s strategy to double its FY24 revenues, leveraging existing capacity for better margins. The company’s unique coatings, which extend component life in harsh environments, are gaining interest from major oil and gas companies.

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’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.