tiprankstipranks
Trending News
More News >
Ondo InsurTech Plc (GB:ONDO)
:ONDO
Advertisement

Ondo InsurTech Plc (ONDO) AI Stock Analysis

Compare
26 Followers

Top Page

GB:ONDO

Ondo InsurTech Plc

(LSE:ONDO)

Rating:46Neutral
Price Target:
27.00p
▼(-10.00% Downside)
Ondo InsurTech Plc's overall stock score is primarily impacted by its financial performance, which shows strong revenue growth but significant challenges in profitability and financial stability. The technical analysis provides some positive momentum, but the valuation is weak due to a negative P/E ratio and lack of dividends. The absence of earnings call data and corporate events means these factors do not influence the score.

Ondo InsurTech Plc (ONDO) vs. iShares MSCI United Kingdom ETF (EWC)

Ondo InsurTech Plc Business Overview & Revenue Model

Company DescriptionSpinnaker Acquisitions Plc operates in the B2B insurtech business. The company provides LeakBot system, a water security system that prevents small leaks from turning into insurance claims. Its LeakBot system enables household insurers to mitigate the cost of claims arising due to an escape of water. The company also offers underlying claims mitigation services to its insurer partners. The company is based in London, the United Kingdom.
How the Company Makes MoneyOndo InsurTech Plc generates revenue primarily through the sale of insurance policies across various categories such as health, life, and property insurance. The company employs a digital-first approach, which allows for reduced operational costs and increased efficiency, leading to higher profit margins on policies sold. Additionally, Ondo may earn commissions from partnerships with other financial institutions and healthcare providers, enhancing its service offerings and expanding its customer base. The integration of technology into their service delivery also positions Ondo to capitalize on data analytics, potentially opening up additional revenue streams through targeted marketing and personalized insurance solutions.

Ondo InsurTech Plc Financial Statement Overview

Summary
Ondo InsurTech Plc is experiencing strong revenue growth, but profitability and financial stability remain significant concerns. The company has high leverage and negative equity, which could pose risks to its financial health. While there is improvement in free cash flow, the overall cash flow situation remains challenging.
Income Statement
20
Very Negative
Ondo InsurTech Plc has shown significant revenue growth of 43.78% in the latest year, indicating a positive trajectory. However, the company struggles with profitability, as evidenced by a negative net profit margin of -159.34% and negative EBIT and EBITDA margins. The gross profit margin is also low at 3.15%, suggesting challenges in cost management.
Balance Sheet
15
Very Negative
The balance sheet reveals a concerning financial structure with a negative stockholders' equity, resulting in a negative debt-to-equity ratio of -1.45. This indicates high leverage and potential financial instability. The return on equity is positive at 126.07%, but this is due to the negative equity, which is not a sustainable situation.
Cash Flow
25
Negative
Cash flow analysis shows a significant improvement in free cash flow growth at 58.01%, but the company still has negative operating cash flow. The operating cash flow to net income ratio is negative, indicating cash flow issues. The free cash flow to net income ratio is positive at 117.80%, suggesting some ability to cover net losses with free cash flow.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue3.19M3.87M2.69M1.59M0.00283.00K
Gross Profit849.00K122.00K740.00K558.00K0.00-59.00K
EBITDA-3.58M-4.89M-2.27M-3.90M0.005.24M
Net Income-4.41M-6.17M-2.99M-4.00M-580.26K-17.03K
Balance Sheet
Total Assets4.06M6.81M2.87M1.78M1.77M1.82M
Cash, Cash Equivalents and Short-Term Investments1.75M3.99M397.00K376.00K1.68M47.97K
Total Debt6.87M7.07M6.49M6.40M0.0027.44M
Total Liabilities9.45M11.70M9.52M8.42M95.15K28.32M
Stockholders Equity-5.39M-4.89M-6.65M-6.64M1.67M-26.50M
Cash Flow
Free Cash Flow-2.97M-3.84M-2.86M-4.67M-481.80K-17.03K
Operating Cash Flow-2.92M-3.26M-2.39M-4.71M-481.80K-17.03K
Investing Cash Flow-568.00K-563.00K-470.00K237.00K0.000.00
Financing Cash Flow4.70M7.40M2.87M6.58M2.16M65.00K

Ondo InsurTech Plc Technical Analysis

Technical Analysis Sentiment
Positive
Last Price30.00
Price Trends
50DMA
25.46
Positive
100DMA
26.70
Positive
200DMA
30.99
Negative
Market Momentum
MACD
1.15
Negative
RSI
67.47
Neutral
STOCH
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ONDO, the sentiment is Positive. The current price of 30 is above the 20-day moving average (MA) of 28.43, above the 50-day MA of 25.46, and below the 200-day MA of 30.99, indicating a neutral trend. The MACD of 1.15 indicates Negative momentum. The RSI at 67.47 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:ONDO.

Ondo InsurTech Plc Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$36.05B6.66-10.10%1.86%8.68%-8.81%
46
Neutral
£41.51M44.95%
£9.76M-1584.39%
£787.50K-476.88%
35
Underperform
£19.79M340.15%30.94%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:ONDO
Ondo InsurTech Plc
29.25
15.25
108.93%
GB:NARF
Cyba Plc
0.52
-0.48
-48.00%
GB:AC8
Acceler8 Ventures Plc
105.00
-65.00
-38.24%
GB:ALK
Alkemy Capital Investments Plc
212.50
161.50
316.67%

Ondo InsurTech Plc Corporate Events

Regulatory Filings and Compliance
Ondo InsurTech Updates Total Voting Rights for Shareholders
Positive
May 1, 2025

Ondo InsurTech Plc has announced an update on its total voting rights, revealing that as of April 30, 2025, the company’s issued share capital consists of 134,164,292 Ordinary Shares, each carrying one vote. This update is in line with the Financial Conduct Authority’s Disclosure and Transparency Rule, allowing shareholders to accurately calculate their interests in the company. This announcement underscores Ondo’s commitment to transparency and regulatory compliance, potentially strengthening its position in the market and reassuring stakeholders of its operational integrity.

Spark’s Take on GB:ONDO Stock

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

Ondo InsurTech Plc’s overall stock score reflects significant financial challenges, including negative profitability and high leverage, despite revenue growth. Technical indicators suggest potential for price rebound, but valuation uncertainty and financial instability weigh heavily on the score. Positive corporate events provide some optimism for future growth.

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

Business Operations and Strategy
Ondo InsurTech Enhances Employee Engagement with Share Incentive Plan
Positive
May 1, 2025

Ondo InsurTech Plc announced the purchase of 15,424 ordinary shares for its Share Incentive Plan, benefiting employees including key directors Craig Foster and Kevin Withington. This initiative allows employees to acquire shares at market price with additional matching shares, enhancing employee engagement and aligning interests with company performance.

Spark’s Take on GB:ONDO Stock

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

Ondo InsurTech Plc’s overall stock score reflects significant financial challenges, including negative profitability and high leverage, despite revenue growth. Technical indicators suggest potential for price rebound, but valuation uncertainty and financial instability weigh heavily on the score. Positive corporate events provide some optimism for future growth.

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

Other
Ondo InsurTech Executives Maintain Shareholdings Post ‘Bed and ISA’ Transactions
Neutral
Apr 15, 2025

Ondo InsurTech Plc announced that its CEO, Craig Foster, and CFO, Kevin Withington, executed ‘Bed and ISA’ transactions involving the sale and subsequent repurchase of their shares at 32.5p each. These transactions did not alter their respective ownership stakes in the company, maintaining Foster’s at 1.83% and Withington’s at 0.22% of the company’s issued share capital.

Spark’s Take on GB:ONDO Stock

According to Spark, TipRanks’ AI Analyst, GB:ONDO is a Neutral.

Ondo InsurTech Plc has a challenging financial profile with negative profitability and high leverage, impacting its overall stock score negatively. However, the company’s strategic expansion into the US market and positive corporate events provide a counterbalance, indicating potential for future growth. The technical indicators suggest some short-term pressure on the stock. The lack of valuation metrics adds to the uncertainty, making it crucial for investors to weigh the growth potential against the financial risks.

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

Product-Related AnnouncementsBusiness Operations and Strategy
Ondo InsurTech Expands into US Market with Hanover Pilot
Positive
Apr 11, 2025

Ondo InsurTech Plc has announced a pilot contract with The Hanover Insurance Group to test its LeakBot device in the United States. This agreement marks a strategic expansion into the US market, potentially enhancing Ondo’s industry positioning by demonstrating the effectiveness of its technology in reducing water damage claims, which could significantly benefit stakeholders by lowering costs.

Spark’s Take on GB:ONDO Stock

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

Ondo InsurTech Plc’s overall stock score is driven by challenging financial performance due to negative profitability and high leverage. While technical indicators suggest potential for a price rebound, the stock remains under pressure due to financial instability. The absence of valuation metrics highlights uncertainty in assessing fair value.

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

Business Operations and StrategyFinancial Disclosures
Ondo InsurTech Plc Reports Strong Growth and U.S. Expansion
Positive
Apr 11, 2025

Ondo InsurTech Plc reported significant growth in its trading update for the year ended 31 March 2025, with a 59% increase in registered customers and a 40% rise in revenue, despite delays in Sweden. The company is expanding its U.S. operations, with a 435% growth in registered customers and partnerships with major insurers, enhancing its market presence. Ondo’s robust contract model and increased production capacity position it well for future demand, ensuring a strong financial position without the need for additional funding.

Spark’s Take on GB:ONDO Stock

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

Ondo InsurTech Plc’s overall stock score is driven by challenging financial performance due to negative profitability and high leverage. While technical indicators suggest potential for a price rebound, the stock remains under pressure due to financial instability. The absence of valuation metrics highlights uncertainty in assessing fair value.

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

Business Operations and Strategy
Ondo InsurTech Launches Share Incentive Plan for Employees
Positive
Apr 2, 2025

Ondo InsurTech Plc announced a Share Incentive Plan (SIP) where 14,658 ordinary shares were purchased for participants, including directors Craig Foster and Kevin Withington. This plan allows employees to acquire shares using pre-tax salary contributions, with matching shares awarded for each purchased share, enhancing employee investment in the company.

Private Placements and FinancingRegulatory Filings and Compliance
Ondo InsurTech Updates Shares and Voting Rights Following Warrant Exercises
Neutral
Apr 1, 2025

Ondo InsurTech Plc announced an update on its Shares in Issue and Total Voting Rights, revealing that 5,487,679 new ordinary shares were issued in March 2025 due to warrant exercises. The company successfully raised £3.38m from the exercise of nearly all its RTO Warrants, which expired on 21 March 2025, contributing to a total of £4.2m in subscription proceeds. Part of these proceeds will be used to pay down a loan from HomeServe. The company’s issued share capital now comprises 134,164,292 Ordinary Shares, each carrying one vote, providing shareholders with a clear basis for determining their interests under FCA rules.

Regulatory Filings and Compliance
Ondo InsurTech Announces Share Dealings by CEO’s Spouse
Neutral
Mar 11, 2025

Ondo InsurTech Plc announced that Charlene Hill, the spouse of CEO Craig Foster, exercised warrants for 125,000 ordinary shares and subsequently sold 105,000 shares to cover associated costs. This transaction, which follows a previous fundraising event linked to the acquisition of LeakBot Limited, adjusts Craig Foster’s beneficial interests in the company, now reflecting a total shareholding of 2,448,844 shares. The announcement highlights the importance of accurate reporting of shareholdings, especially following changes in personal associations, and underscores the company’s ongoing commitment to transparency in its financial dealings.

Product-Related AnnouncementsBusiness Operations and Strategy
Ondo InsurTech Expands LeakBot Program with Mutual of Enumclaw
Positive
Mar 4, 2025

Ondo InsurTech Plc has announced that Mutual of Enumclaw Insurance is expanding its LeakBot program to policyholders in Eastern Washington and Oregon, following a successful pilot project. This expansion is expected to enhance Ondo’s market presence and provide significant benefits to policyholders by preventing water damage, thus reducing insurance claims.

Regulatory Filings and Compliance
Ondo InsurTech Updates Share Capital and Voting Rights
Neutral
Mar 3, 2025

Ondo InsurTech Plc announced an update on its Shares in Issue and Total Voting Rights, following the issuance of 2,979,159 new ordinary shares in February 2025. The company’s total issued share capital now comprises 128,676,613 ordinary shares, each carrying one vote, which stakeholders can use to determine their interests under FCA rules.

Product-Related AnnouncementsBusiness Operations and Strategy
Ondo Expands LeakBot Program with PURE Insurance to Six More States
Positive
Feb 17, 2025

Ondo InsurTech Plc announced the expansion of its LeakBot program in partnership with PURE Insurance, extending the program from New York to six additional states. This expansion follows a successful pilot and aims to help PURE Insurance members prevent water damage, the most common cause of loss, thereby enhancing member engagement and offering a promising tool against water-related insurance claims.

Product-Related AnnouncementsBusiness Operations and Strategy
Ondo Expands US Presence with Liberty Mutual LeakBot Pilot
Positive
Feb 13, 2025

Ondo InsurTech PLC has announced that Liberty Mutual Insurance, the sixth-largest personal lines P&C insurer in the US, will pilot Ondo’s LeakBot device and service in four US states. This agreement represents a strategic expansion for Ondo in the American market, as it continues to scale its innovative water damage prevention technology globally. The partnership with Liberty Mutual is significant for Ondo’s operations and industry positioning, potentially providing significant benefits for stakeholders through reduced water damage claims and enhanced customer service.

Business Operations and StrategyFinancial Disclosures
Ondo InsurTech Sees Accelerated Growth with U.S. Expansion and Strategic Partnerships
Positive
Feb 13, 2025

Ondo InsurTech Plc reported strong growth driven by the adoption of its LeakBot technology, particularly in the U.S., with a notable increase in registered customers and revenue projections. The company secured a major contract with Liberty Mutual, contributing to its successful U.S. expansion. A robust contract model has improved Ondo’s working capital profile, enabling prepayments on initial rollouts. While growth in Denmark and the UK is robust, Sweden’s rollout has slowed due to partner assessments. Ondo remains on track to achieve EBITDA positive trading in H2 FY 2026.

Private Placements and FinancingBusiness Operations and Strategy
Ondo InsurTech CEO Increases Stake Through Warrant Exercise and Share Sale
Positive
Feb 5, 2025

Ondo InsurTech Plc announced that its CEO, Craig Foster, has exercised warrants to acquire 889,783 ordinary shares and has subsequently sold 700,000 of these shares. This transaction increases his overall shares in the company, marking a significant move in his personal investment in Ondo InsurTech, reflecting confidence in the company’s prospects. These actions may influence investor perceptions and highlight the company’s strategic positioning within the insurtech market.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 20, 2025