Hornby plc (HRN) AI Stock Analysis

• Market Cap: $25.25M
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): 0.19
• Revenue Growth: 1.64%
• EPS Growth: -48.24%
• Country: UK
• Employees: 227
• Sector: Consumer Cyclical
• Sector Strength: 59
• Industry: Specialty Retail
• EPS (TTM): -0.07
• Shares Outstanding: 168,327,150
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.42
• P/FCF Ratio: N/A
• 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

• Rating: 39 Underperform
• Price Target: ―

Hornby plc's overall stock score is primarily hindered by its weak financial performance, characterized by ongoing losses and cash flow issues. Technical indicators further suggest downward pressure on the stock. While the corporate event of delisting may offer strategic benefits, it does not offset the immediate financial and operational challenges.

Hornby plc Business Overview & Revenue Model

Company Description

Hornby plc (HRN) is a British model railway and toy company, renowned for its production of model railways, slot car racing systems, and other hobby products. Established in the early 20th century, Hornby operates primarily in the leisure and hobby sector, providing enthusiasts with a wide range of detailed and collectible models. The company's core products include model train sets, track systems, die-cast models, and Scalextric slot cars, catering to both hobbyists and collectors worldwide.

How the Company Makes Money

Hornby plc generates revenue through the design, manufacture, and sale of model railways, slot car systems, and a variety of associated accessories. The company's key revenue streams include direct sales through their e-commerce platform, sales via third-party retailers and distributors, and licensing agreements for branded products. Hornby also benefits from partnerships with licensors for popular brands, allowing them to produce themed models and sets that attract a broader audience. Seasonal demand, particularly around holidays, and limited edition releases further contribute to their earnings.

Hornby plc Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	56.24M	55.10M	53.74M	48.55M	37.84M
Gross Profit	25.00M	26.94M	25.72M	21.75M	16.70M
EBITDA	-2.07M	-1.23M	3.88M	3.32M	451.00K
Net Income	-12.06M	-5.92M	1.48M	1.36M	-4.08M
Balance Sheet
Total Assets	55.12M	54.22M	53.79M	48.86M	44.68M
Cash, Cash Equivalents and Short-Term Investments	1.12M	1.34M	4.14M	4.68M	5.92M
Total Debt	18.14M	9.32M	3.07M	2.81M	2.64M
Total Liabilities	30.80M	18.18M	10.68M	10.60M	7.68M
Stockholders Equity	24.34M	36.04M	43.10M	38.26M	37.01M
Cash Flow
Free Cash Flow	-6.85M	-8.95M	804.00K	-753.00K	-6.57M
Operating Cash Flow	-33.00K	-3.86M	4.50M	4.22M	-3.86M
Investing Cash Flow	-8.26M	-5.08M	-4.70M	-4.97M	-2.71M
Financing Cash Flow	8.08M	6.11M	-361.00K	-462.00K	11.77M

Hornby plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GAW	75 Outperform	£5.30B	30.26	65.47%	3.23%	17.40%	25.15%
PETS	73 Outperform	£1.11B	12.96	8.90%	6.75%	0.37%	15.14%
CRW	71 Outperform	£777.43M	66.63	4.50%	243.24%	6.74%	54.83%
Sector *	64 Neutral	£1.70B	10.46	6.12%	3.13%	0.58%	-32.48%
IQE	50 Neutral	£96.67M	―	-25.13%	―	2.41%	-16.47%
HRN	39 Underperform	$25.25M	―	-48.19%	―	1.64%	-48.24%

Hornby plc Corporate Events

Hornby plc Delists from AIM and Transitions to Private Ownership

Hornby plc has announced the cancellation of its ordinary shares from trading on AIM, effective 10 April 2025, following shareholder approval. The company will re-register as a private entity named Hornby Limited and has arranged for JP Jenkins to facilitate future shareholder transactions through an Exchange Facility and a Matched Bargain Facility. This transition marks a significant shift in Hornby’s operational structure, potentially impacting its market presence and shareholder engagement.

Spark’s Take on GB:HRN Stock

According to Spark, TipRanks’ AI Analyst, GB:HRN is a Underperform.

Hornby plc’s overall stock score is primarily hindered by its weak financial performance, characterized by ongoing losses and cash flow issues. Technical indicators further suggest downward pressure on the stock. While the corporate event of delisting may offer strategic benefits, it does not offset the immediate financial and operational challenges.

To see Spark’s full report on GB:HRN stock, click here.

Hornby plc to Delist from AIM and Re-register as Private Company

Hornby plc announced that all resolutions at its recent general meeting were passed, leading to the delisting of its ordinary shares from AIM on April 10, 2025, and its re-registration as a private limited company. The company will offer an exchange facility and a matched bargain facility to facilitate shareholder transactions post-delisting, with JP Jenkins appointed to manage these services.

Hornby plc to Delist from AIM and Go Private

Hornby plc has announced its intention to delist from the AIM market and re-register as a private limited company. This strategic move is aimed at enhancing decision-making agility and reducing regulatory burdens, thereby allowing the company to continue its transformation efforts more effectively. Shareholders will vote on this proposal, and the company has outlined options for them to manage their shareholdings post-cancellation. Despite some short-term operational challenges, Hornby remains optimistic about its growth prospects, supported by strong demand for new product ranges.

Hornby PLC Announces Total Voting Rights for February 2025

Hornby PLC has announced its total voting rights as of 28 February 2025, with an issued share capital consisting of 168,327,143 Ordinary Shares, each with voting rights attached. This information is crucial for shareholders to determine their interest in the company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, ensuring transparency and compliance in shareholder communications.