Petards Group PLC (GB:PEG)
LSE:PEG
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Petards
(LSE:PEG)
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Rating:57Neutral
Price Target:
10.50 p
▲(2.44% Upside)
Action:Reiterated
Date:04/18/26
The score is primarily supported by improving financial stabilization in 2025 (better margins and positive free cash flow) and a constructive technical trend with price above major moving averages. These positives are tempered by continued net losses (negative P/E) and historically uneven growth/returns, which keep the overall score moderate.
Positive Factors
Improving cash generation
Sustained positive operating and free cash flow in 2025 marks a structural inflection from prior years. If maintained, this improves funding for capex, R&D and working capital, reducing financing dependence and enabling reinvestment into product and service delivery over the next 2–6 months.
Negative Factors
Continued net losses
Despite 2025 improvements, the company remains net-loss-making and reports negative returns on equity. Persistent losses signal that capital is not yet generating sustainable shareholder returns and could limit reinvestment or dividend policy until profitability is consistently achieved.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving cash generation
Sustained positive operating and free cash flow in 2025 marks a structural inflection from prior years. If maintained, this improves funding for capex, R&D and working capital, reducing financing dependence and enabling reinvestment into product and service delivery over the next 2–6 months.
Read all positive factors
Petards (PEG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£6.22M
Dividend YieldN/A
Average Volume (3M)31.48K
Price to Earnings (P/E)―
Beta (1Y)0.50
Revenue Growth24.39%
EPS Growth65.82%
CountryUK
Employees87
SectorIndustrials
Sector Strength72
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)-0.01
Shares Outstanding60,705,040
10 Day Avg. Volume46,284
30 Day Avg. Volume31,485
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)1.04
Price to Sales (P/S)0.42
P/FCF Ratio6.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)£15.70M
Petards Business Overview & Revenue Model
Company Description
Petards Group plc, together with its subsidiaries, develops, supplies, and maintains technologies used in advanced security, surveillance, and ruggedized electronic applications in the United Kingdom, Continental Europe, and internationally. It of...
How the Company Makes Money
Petards makes money by selling and supporting security and surveillance solutions, with revenue generally coming from a mix of: (1) Product and system sales: fees from supplying equipment and software (e.g., ANPR/vehicle identification and monitor...
Petards Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 14.95M | 12.02M | 9.42M | 10.87M | 13.57M |
| Gross Profit | 5.99M | 5.44M | 4.75M | 4.96M | 5.49M |
| EBITDA | 1.00M | -77.00K | -294.00K | 1.15M | 1.49M |
| Net Income | -406.00K | -1.13M | -1.05M | 524.00K | 865.00K |
Balance Sheet | |||||
| Total Assets | 12.48M | 13.25M | 10.72M | 11.96M | 11.95M |
| Cash, Cash Equivalents and Short-Term Investments | 12.00K | 168.00K | 1.24M | 2.02M | 2.28M |
| Total Debt | 2.41M | 2.56M | 732.00K | 339.00K | 767.00K |
| Total Liabilities | 6.49M | 6.85M | 3.53M | 3.71M | 4.22M |
| Stockholders Equity | 5.99M | 6.40M | 7.20M | 8.25M | 7.72M |
Cash Flow | |||||
| Free Cash Flow | 911.00K | -364.00K | -529.00K | 253.00K | 592.00K |
| Operating Cash Flow | 1.25M | 194.00K | 4.00K | 571.00K | 727.00K |
| Investing Cash Flow | -591.00K | -2.51M | -485.00K | -298.00K | -127.00K |
| Financing Cash Flow | -459.00K | -462.00K | -294.00K | -534.00K | -527.00K |
Petards Technical Analysis
Negative
10.25
Price Trends
10.99
Negative
10.74
Negative
9.52
Positive
Market Momentum
-0.23
Negative
21.92
Positive
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:PEG, the sentiment is Negative. The current price of 10.25 is below the 20-day moving average (MA) of 10.45, below the 50-day MA of 10.99, and above the 200-day MA of 9.52, indicating a neutral trend. The MACD of -0.23 indicates Negative momentum. The RSI at 21.92 is Positive, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:PEG.
Petards Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | £9.66M | -38.26 | 7.90% | ― | 10.08% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | £9.29M | 13.62 | 4.23% | 3.20% | 10.89% | 9.05% | |
57 Neutral | £6.22M | -16.02 | -8.19% | ― | 24.39% | 65.82% | |
51 Neutral | £2.39M | 6.84 | -21.12% | ― | 20.42% | ― | |
42 Neutral | £3.80M | -0.42 | -76.54% | ― | -21.55% | 10.59% |
* Industrials Sector Average
GB:PEG
Petards
10.25
2.75
36.67%
GB:CSSG
Croma Security Solutions
67.50
-15.90
-19.06%
GB:THRU
Thruvision Group plc
0.75
-1.10
-59.46%
GB:IGE
Image Scan Holdings
1.75
0.30
20.69%
GB:NWT
Newmark Security
112.50
35.00
45.16%
Petards Corporate Events
Business Operations and StrategyShareholder Meetings
Petards shareholders back all resolutions at 2026 AGM
Positive
May 20, 2026
Petards Group Plc, an AIM-listed developer of advanced security and surveillance systems, continues to build its position in the security technology market through specialist solutions for safety and monitoring applications. Its listing on AIM und...
Business Operations and Strategy
Petards’ QRO wins four-year ANPR framework with Northumbria Police
Positive
May 20, 2026
Petards’ subsidiary QRO Solutions has secured a four-year framework contract with Northumbria Police to supply automatic number plate recognition equipment and related support services. The agreement covers fixed and mobile ANPR systems and ...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Petards posts 2025 annual report and sets May AGM
Neutral
Apr 23, 2026
Petards Group PLC has posted its Annual Report and Accounts for the year ended 31 December 2025, along with the notice of its Annual General Meeting to be held in Guildford on 20 May 2026. Shareholders can access the report, AGM notice, and proxy ...
Business Operations and StrategyExecutive/Board Changes
Petards appoints Ben Gillam as CFO and executive director
Positive
Apr 15, 2026
Petards Group PLC has appointed Benjamin (Ben) Gillam as Chief Financial Officer and Executive Director with immediate effect, strengthening its senior leadership team. Gillam, a chartered accountant with more than two decades of finance experienc...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Petards lifts revenues and margins as defence and rail orders swell 2026 book
Positive
Apr 15, 2026
Petards Group reported a strong recovery in 2025, with revenues rising 24% to £14.9 million, gross margins approaching 50% and adjusted EBITDA more than doubling, while losses narrowed and operating cash flow strengthened. Growth was driven b...
Business Operations and Strategy
Petards’ QRO secures £0.5m enforcement tech contracts, marks first major European export
Positive
Mar 27, 2026
Petards Group’s subsidiary QRO Solutions has secured two contracts worth a combined £0.5 million, underscoring its role as a key provider of enforcement technology to law enforcement agencies. One order, from a new European national pol...
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.