Petards Group PLC (GB:PEG)
LSE:PEG
Want to see GB:PEG full AI Analyst Report?
Top Page
Petards
(LSE:PEG)
Select Model
Select Model
Rating:57Neutral
Price Target:
12.00 p
▲(17.07% Upside)
Action:ReiteratedDate: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
Revenue rebound & margin improvement
Revenue rebounded in 2025 and EBITDA moved into positive territory, signaling the firm can translate higher sales into operating leverage. Sustained margin improvement would strengthen long-term profitability and resilience versus project timing variability common in security contracts.
Negative Factors
Persistent losses and negative ROE
Despite operational improvements, the group remained loss-making through 2025 and equity returns were negative across 2023–2025. Persistent losses erode shareholder capital, limit reinvestment, and mean the business must sustain improvement to deliver durable value to equity holders.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound & margin improvement
Revenue rebounded in 2025 and EBITDA moved into positive territory, signaling the firm can translate higher sales into operating leverage. Sustained margin improvement would strengthen long-term profitability and resilience versus project timing variability common in security contracts.
Read all positive factors
Petards (PEG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£6.37M
Dividend YieldN/A
Average Volume (3M)31.48K
Price to Earnings (P/E)―
Beta (1Y)0.51
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
Positive
10.25
Price Trends
11.17
Positive
10.46
Positive
9.25
Positive
Market Momentum
0.13
Negative
55.85
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:PEG, the sentiment is Positive. The current price of 10.25 is below the 20-day moving average (MA) of 11.34, below the 50-day MA of 11.17, and above the 200-day MA of 9.25, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 55.85 is Neutral, 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 Positive 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 | £8.95M | -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 | £6.37M | -15.33 | -8.19% | ― | 24.39% | 65.82% | |
51 Neutral | £2.60M | ― | -21.12% | ― | -43.45% | -240.00% | |
42 Neutral | £3.46M | -0.42 | -76.54% | ― | -21.55% | 10.59% |
* Industrials Sector Average
GB:PEG
Petards
10.50
3.25
44.83%
GB:CSSG
Croma Security Solutions
67.50
-15.42
-18.60%
GB:THRU
Thruvision Group plc
0.78
-0.98
-55.71%
GB:IGE
Image Scan Holdings
1.90
-0.05
-2.56%
GB:NWT
Newmark Security
95.00
24.00
33.80%
GB:WSG
Westminster
0.85
-1.05
-55.26%
Petards Corporate Events
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...
Other
Petards Director Increases Stake with Share Purchase
Positive
Feb 13, 2026
Petards Group plc has disclosed that non-executive director Geraint Davies purchased 100,000 ordinary shares in the company on 12 February 2026 at a price of 10.25 pence per share. Following this acquisition, Davies holds 100,000 shares, represent...
Business Operations and StrategyExecutive/Board Changes
Petards revamps executive incentives with new 4m-share EMI option grant
Positive
Feb 9, 2026
Petards has cancelled a series of lapsed Enterprise Management Incentive and Unapproved share options previously held by Executive Chairman Raschid Abdullah and Chief Executive Officer Osman Abdullah, and has replaced them with new awards under it...
Business Operations and StrategyFinancial Disclosures
Petards lifts revenue 24% and grows order book as defence and rail orders strengthen
Positive
Feb 5, 2026
Petards reported a strong trading performance for 2025, with unaudited group revenues rising 24% year-on-year to about £14.9m and adjusted EBITDA increasing to roughly £1.0m, in line with market expectations. The improvement was driven b...
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.