Pennant International Group PLC (GB:PEN)
LSE:PEN
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Pennant International
(LSE:PEN)
Select Model
Select Model
Rating:44Neutral
Price Target:
19.00 p
▼(-5.00% Downside)
Action:ReiteratedDate:03/24/26
The score is primarily weighed down by weak financial performance (declining 2025 revenue, renewed operating losses, and equity pressure), reinforced by bearish technicals with the price below key moving averages and very low RSI. Valuation is not supportive because the negative P/E reflects ongoing losses and no dividend yield is provided.
Positive Factors
Defence-focused recurring software & services
Pennant’s core model sells training systems, licensed software and multi-year support to defence and safety‑critical operators. That mix creates contract stickiness and recurring revenue tails, improving revenue visibility and customer retention over multi-year program cycles.
Negative Factors
Volatile, declining revenue
An ~11% revenue drop and persistent volatility signal weak demand or lumpy contract timing. For a business reliant on defence contracts, inconsistent top-line performance reduces operational predictability, undermines scaling of higher‑margin offerings and raises execution risk on multi‑year programmes.
Read all positive and negative factors
Positive Factors
Negative Factors
Defence-focused recurring software & services
Pennant’s core model sells training systems, licensed software and multi-year support to defence and safety‑critical operators. That mix creates contract stickiness and recurring revenue tails, improving revenue visibility and customer retention over multi-year program cycles.
Read all positive factors
Pennant International (PEN) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£9.29M
Dividend YieldN/A
Average Volume (3M)89.03K
Price to Earnings (P/E)―
Beta (1Y)0.34
Revenue Growth-31.21%
EPS Growth-292.31%
CountryUK
Employees121
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.00
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 provides integrated training and support solutions, products, and services in the United Kingdom, rest of Europe, the Middle East, North America, and Australia. It offers generic trainers, such as generic fastener i...
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 | -2.11M | -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
Negative
20.00
Price Trends
20.89
Negative
20.69
Negative
22.68
Negative
Market Momentum
-0.53
Positive
13.11
Positive
30.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:PEN, the sentiment is Negative. The current price of 20 is below the 20-day moving average (MA) of 20.97, below the 50-day MA of 20.89, and below the 200-day MA of 22.68, indicating a bearish trend. The MACD of -0.53 indicates Positive momentum. The RSI at 13.11 is Positive, neither overbought nor oversold. The STOCH value of 30.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | £14.15M | 2.03 | 28.74% | 5.18% | ― | ― | |
70 Outperform | £9.90M | 7.16 | 9.46% | 4.73% | 6.76% | -11.53% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
50 Neutral | £12.29M | -2.98 | -32.23% | ― | -7.72% | 54.13% | |
47 Neutral | £10.64M | -2.91 | ― | ― | -5.21% | 76.14% | |
44 Neutral | £9.29M | -3.87 | -60.27% | ― | -31.21% | -292.31% | |
44 Neutral | £8.16M | -3.71 | -34.87% | ― | -9.19% | 4.69% |
* Technology Sector Average
GB:PEN
Pennant International
19.50
-9.00
-31.58%
GB:ARC
Arcontech
74.00
-1.56
-2.06%
GB:BIRD
Blackbird PLC
1.70
-1.68
-49.63%
GB:ING
Ingenta
97.50
49.03
101.16%
GB:ZOO
Zoo Digital
12.50
3.00
31.58%
GB:ESYS
essensys PLC
16.40
-14.10
-46.23%
Pennant International Corporate Events
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...
Business Operations and StrategyFinancial Disclosures
Pennant Secures Nuclear Training Contract, Boosting FY26 Revenue Visibility
Positive
Feb 2, 2026
Pennant International has secured a £0.6 million Training Systems contract to supply a part task trainer for technical training in the nuclear sector, expanding its footprint in adjacent safety‑critical markets. The deal completes the c...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Pennant International Builds Order Book and Software ARR as It Targets Profitable Growth by 2028
Positive
Jan 19, 2026
Pennant International said it expects its 2025 results to be in line with market expectations, reporting revenue of about £10m, a reduced statutory loss before tax of £2.6m and sharply lower net debt of £0.2m, supported by property ...
Business Operations and StrategyExecutive/Board Changes
Pennant International Announces Board Departure of Commercial & Risk Director
Neutral
Jan 15, 2026
Pennant International has announced that David Clements, the Group’s Commercial Risk Director, has resigned from the board and as company secretary, and will leave the business on 31 March 2026 following a brief handover period. His respons...
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.