Pennant International Group PLC (GB:PEN)
LSE:PEN
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Pennant International
(LSE:PEN)
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Rating:51Neutral
Price Target:
26.00 p
▲(30.00% Upside)
Action:Reiterated
Date:06/14/26
The score is held back primarily by weak financial performance (declining revenue and deeper losses, with only modestly positive and inconsistent cash generation). Technicals are a key offset, showing strong upward momentum above major moving averages, though the very high RSI indicates overbought risk. Valuation remains pressured by loss-making results (negative P/E) and no dividend yield data.
Positive Factors
Defence/aerospace training niche
Specialization in defence and safety-critical training creates durable demand from governments and prime contractors. Long-duration programmes, high switching costs and lifecycle support needs drive recurring services and provide structural revenue visibility versus commodity software peers.
Negative Factors
Volatile and declining revenue
Inconsistent top-line driven by contract timing and weak demand undermines predictability of cash flows and scale benefits. Persistent revenue volatility complicates backlog monetization, makes multi-year planning harder, and delays realization of operating leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Defence/aerospace training niche
Specialization in defence and safety-critical training creates durable demand from governments and prime contractors. Long-duration programmes, high switching costs and lifecycle support needs drive recurring services and provide structural revenue visibility versus commodity software peers.
Read all positive factors
Pennant International (PEN) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£11.67M
Dividend YieldN/A
Average Volume (3M)89.03K
Price to Earnings (P/E)―
Beta (1Y)0.17
Revenue Growth-29.86%
EPS Growth13.84%
CountryUK
Employees121
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.05
Shares Outstanding47,630,530
10 Day Avg. Volume124,140
30 Day Avg. Volume89,027
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)1.26
Price to Sales (P/S)0.90
P/FCF Ratio147.81
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)£13.00M
Pennant International Business Overview & Revenue Model
Company Description
Pennant International Group plc is a UK-based company headquartered in Cheltenham, established in 1958. The group specializes in delivering comprehensive training and support solutions, encompassing a range of products and services for clients acr...
How the Company Makes Money
Pennant makes money by selling and delivering a mix of software products and services that enable customers (typically government/defence organisations and prime contractors) to train personnel and support fleets/equipment. Key revenue streams inc...
Pennant International Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
55
Neutral
Cash Flow
44
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.66M | 13.78M | 15.54M | 13.69M | 15.96M |
| Gross Profit | 4.76M | 5.26M | 7.73M | 4.27M | 2.99M |
| EBITDA | -715.00K | -594.00K | 1.50M | -966.00K | -2.07M |
| Net Income | -2.25M | -2.58M | -933.00K | -901.00K | -1.61M |
Balance Sheet | |||||
| Total Assets | 12.16M | 15.94M | 18.71M | 19.79M | 21.63M |
| Cash, Cash Equivalents and Short-Term Investments | 466.00K | 1.04M | 1.10M | 1.11M | 901.00K |
| Total Debt | 1.91M | 4.07M | 3.90M | 2.09M | 5.18M |
| Total Liabilities | 5.25M | 7.59M | 8.89M | 9.10M | 10.48M |
| Stockholders Equity | 6.91M | 8.34M | 9.82M | 10.70M | 11.14M |
Cash Flow | |||||
| Free Cash Flow | 59.00K | -42.00K | -463.00K | 1.36M | -1.23M |
| Operating Cash Flow | 102.00K | 181.00K | 1.29M | 2.57M | -127.00K |
| Investing Cash Flow | 1.12M | -1.62M | -2.32M | 359.00K | -1.63M |
| Financing Cash Flow | 942.00K | 1.14M | -174.00K | -183.00K | -249.00K |
Pennant International Technical Analysis
Positive
20.00
Price Trends
20.89
Positive
20.85
Positive
21.05
Positive
Market Momentum
1.06
Positive
65.27
Neutral
37.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:PEN, the sentiment is Positive. The current price of 20 is below the 20-day moving average (MA) of 23.75, below the 50-day MA of 20.89, and below the 200-day MA of 21.05, indicating a bullish trend. The MACD of 1.06 indicates Positive momentum. The RSI at 65.27 is Neutral, neither overbought nor oversold. The STOCH value of 37.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:PEN.
Pennant International Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £13.13M | 7.84 | 28.74% | 5.18% | 0.70% | 37.35% | |
70 Outperform | £10.36M | 12.64 | 9.46% | 4.73% | 2.09% | -21.71% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
51 Neutral | £11.67M | -4.86 | -60.27% | ― | -29.86% | 13.84% | |
48 Neutral | £11.06M | -2.14 | -32.23% | ― | -7.72% | 54.13% | |
42 Neutral | £8.64M | -3.15 | -34.87% | ― | -13.88% | -3.28% |
* Technology Sector Average
GB:PEN
Pennant International
24.50
-5.50
-18.33%
GB:ARC
Arcontech
77.50
-6.25
-7.46%
GB:BIRD
Blackbird PLC
1.80
-2.95
-62.11%
GB:ING
Ingenta
90.50
30.26
50.23%
GB:ZOO
Zoo Digital
11.25
-4.95
-30.56%
Pennant International Corporate Events
Business Operations and Strategy
Pennant Wins C$35m Canadian Defence Contract for Auxilium Suite
Positive
Jun 12, 2026
Pennant International’s Auxilium software suite, combining GenS, Analyzer and R4i, underpins its strategy to grow recurring revenues by helping clients manage complex equipment data and comply with industry standards across regulated, high-b...
Business Operations and StrategyProduct-Related Announcements
Pennant launches major Auxilium Phase 3 upgrade to unify support software suite
Positive
Jun 4, 2026
Pennant International has launched Phase 3 of its Auxilium software suite, a major upgrade that unifies its GenS, Analyzer and R4i applications on a single server and shared data environment. The release is designed to give customers an integrated...
Business Operations and StrategyProduct-Related Announcements
Pennant wins first conversion services contract and deepens Siemens partnership
Positive
May 19, 2026
Pennant International has secured its first contract for its newly launched conversion services capability, converting legacy documentation into S1000D-compliant data modules for a North American military customer. The win validates its investment...
Other
Pennant Director Increases Stake With 50,000-Share Purchase
Positive
May 14, 2026
Pennant International has disclosed that non-executive director Jon Kempster purchased 50,000 ordinary shares in the company at 20.3p per share on 13 May 2026. The transaction gives Kempster a 0.1% beneficial interest in Pennant’s issued sha...
Business Operations and StrategyExecutive/Board Changes
Pennant Ties Executive Share Options to Ambitious Growth and Auxilium Rollout
Positive
May 13, 2026
Pennant International has granted 1,060,527 share options to chief executive Phil Walker and chief financial officer Darren Wiggins under its existing Enterprise Management scheme, representing 1.49% and 0.73% of current issued share capital respe...
Business Operations and StrategyProduct-Related Announcements
Pennant wins £1m virtual training contract with UK air defence firm
Positive
May 11, 2026
Pennant International has secured a new £1.0m contract in its Training Systems segment to deliver a virtual training simulator for a UK manufacturer of air defence applications, covering design, development and testing and due for delivery in...
Business Operations and StrategyShareholder Meetings
Pennant AGM Backs Core Resolutions as Investors Block Pre-Emption Waivers
Neutral
May 8, 2026
Pennant International Group reported that shareholders approved all 11 ordinary resolutions at its latest annual general meeting, covering routine corporate matters, but rejected two special resolutions seeking to disapply pre-emption rights on sh...
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
Pennant International Publishes 2025 Report and Sets Date for 2026 AGM
Positive
Apr 1, 2026
Pennant International has published its 2025 Annual Report and Accounts and confirmed that its 2026 Annual General Meeting will be held on 8 May in Cheltenham, with AGM materials and proxy forms made available online and in hard copy to shareholde...
Regulatory Filings and Compliance
Pennant International Confirms 47.6 Million Voting Shares in Issue
Neutral
Mar 31, 2026
Pennant International Group has disclosed that it has 47,630,533 ordinary shares in issue, all admitted to trading on AIM and carrying equal voting rights. The company holds no shares in treasury, setting the total number of voting rights at 47,63...
Private Placements and FinancingRegulatory Filings and Compliance
Pennant International Issues New Shares Under Employee Incentive Plan
Positive
Mar 26, 2026
Pennant International has issued 73,000 new ordinary shares at 20p each under its employee share incentive plan, with the shares expected to be admitted to trading on AIM around 31 March 2026. The new shares, which include 18,000 taken up by Chief...
Business Operations and StrategyFinancial Disclosures
Pennant resets after tough 2025 as software and order book strengthen
Neutral
Mar 23, 2026
Pennant International reported a sharp fall in 2025 revenues to £9.7m from £13.8m after defence contract delays and a major restructure of its Training Systems arm, resulting in an adjusted pre‑tax loss of £1.9m but improved n...
Business Operations and StrategyFinancial Disclosures
Pennant Resets After Tough 2025 as Order Book and Software Revenues Climb
Neutral
Mar 23, 2026
Pennant International reported a difficult 2025 as revenues fell to £9.7m from £13.8m, reflecting delayed defence contract awards and restructuring of its Training Systems arm, resulting in an adjusted loss before tax of £1.9m. Desp...
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.