Plexus Holdings PLC (GB:POS)
LSE:POS
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Plexus Holdings
(LSE:POS)
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Rating:44Neutral
Price Target:
3.00 p
▼(-42.86% Downside)
Action:ReiteratedDate:04/02/26
The score is weighed down primarily by unstable financial performance (sharp 2025 downturn and negative cash flow) and very weak technical momentum (price below all major moving averages, negative MACD, extremely low RSI/Stoch). A low-leverage balance sheet provides some support, but losses (negative P/E) limit valuation appeal.
Positive Factors
Low and improving leverage
A very low and improving debt-to-equity ratio gives the company durable financial flexibility in a cyclical oilservices market. Low leverage reduces refinancing and bankruptcy risk, supports funding of working capital or restructuring, and cushions against demand shocks over months to quarters.
Negative Factors
Sharp revenue collapse in 2025
A sudden, large revenue decline with massive negative margins materially weakens core earnings power and erodes accumulated capital. Such a structural revenue shock impairs ability to service costs, win contracts, and sustain operations without sustained market improvement or external funding over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Low and improving leverage
A very low and improving debt-to-equity ratio gives the company durable financial flexibility in a cyclical oilservices market. Low leverage reduces refinancing and bankruptcy risk, supports funding of working capital or restructuring, and cushions against demand shocks over months to quarters.
Read all positive factors
Plexus Holdings (POS) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£4.75M
Dividend YieldN/A
Average Volume (3M)178.46K
Price to Earnings (P/E)―
Beta (1Y)0.83
Revenue Growth-64.78%
EPS Growth-182.93%
CountryUK
Employees40
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)-0.01
Shares Outstanding172,691,360
10 Day Avg. Volume325,034
30 Day Avg. Volume178,461
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.64
Price to Sales (P/S)2.30
P/FCF Ratio-4.41
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)£9.40M
Plexus Holdings Business Overview & Revenue Model
Company Description
Plexus Holdings (POS) is a UK-based oil and gas engineering company specializing in the design and supply of wellhead and mudline suspension equipment for the international oil and gas industry. The company is known for its innovative POS-GRIP tec...
How the Company Makes Money
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Plexus Holdings Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
74
Positive
Cash Flow
34
Negative
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.48M | 12.72M | 1.49M | 2.31M | 2.02M |
| Gross Profit | 133.00K | 7.34M | 1.09M | 1.49M | 955.00K |
| EBITDA | -1.07M | 4.67M | -2.65M | -3.75M | -2.59M |
| Net Income | -3.27M | 2.93M | -4.01M | -7.46M | -4.50M |
Balance Sheet | |||||
| Total Assets | 17.67M | 19.91M | 18.63M | 21.82M | 27.08M |
| Cash, Cash Equivalents and Short-Term Investments | 2.54M | 2.49M | 1.45M | 5.84M | 5.17M |
| Total Debt | 88.00K | 1.28M | 2.46M | 5.04M | 3.44M |
| Total Liabilities | 1.50M | 4.50M | 7.11M | 6.29M | 4.09M |
| Stockholders Equity | 16.17M | 15.41M | 11.52M | 15.54M | 22.99M |
Cash Flow | |||||
| Free Cash Flow | -2.33M | 460.00K | -2.84M | -3.52M | -3.06M |
| Operating Cash Flow | -700.00K | 4.08M | -1.44M | -2.63M | -2.65M |
| Investing Cash Flow | -2.05M | -2.63M | -195.00K | 1.83M | 2.08M |
| Financing Cash Flow | 2.80M | -410.00K | -2.76M | 1.47M | 1.66M |
Plexus Holdings Technical Analysis
Negative
5.25
Price Trends
5.39
Negative
5.78
Negative
6.87
Negative
Market Momentum
-0.62
Positive
6.07
Positive
2.55
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:POS, the sentiment is Negative. The current price of 5.25 is above the 20-day moving average (MA) of 4.71, below the 50-day MA of 5.39, and below the 200-day MA of 6.87, indicating a bearish trend. The MACD of -0.62 indicates Positive momentum. The RSI at 6.07 is Positive, neither overbought nor oversold. The STOCH value of 2.55 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:POS.
Plexus Holdings Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £216.61M | 19.82 | 8.89% | ― | 7.05% | -19.81% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
55 Neutral | £19.99M | -0.59 | -29.57% | ― | -20.85% | -105.70% | |
53 Neutral | £770.00M | -2.65 | -19.93% | ― | ― | ― | |
44 Neutral | £4.75M | ― | -20.68% | ― | -64.78% | -182.93% | |
44 Neutral | £34.63M | -16.69 | -6.84% | ― | ― | ― |
* Energy Sector Average
GB:POS
Plexus Holdings
2.75
-4.50
-62.07%
GB:BOR
Borders & Southern Petroleum
9.50
4.70
97.92%
GB:GMS
Gulf Marine Services
18.80
3.64
24.01%
GB:STAR
IGas Energy
15.25
8.75
134.62%
GB:JOG
Jersey Oil and Gas
106.00
11.40
12.05%
GB:RKH
Rockhopper Exploration
89.60
50.50
129.16%
Plexus Holdings Corporate Events
Business Operations and StrategyFinancial Disclosures
Plexus warns on FY26 revenue as project delays offset growing rental pipeline
Negative
Mar 31, 2026
Plexus Holdings has reaffirmed its strategy to shift toward a higher-margin rental model, doubling its Exact EX rental wellhead fleet to 16 sets, with up to 12 available soon to capture recovering activity. The company reports sustained customer i...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Plexus pivots to rental model as drilling slowdown hits interim revenue
Negative
Mar 31, 2026
Plexus Holdings reported a sharp fall in first-half revenue to £1.20m and swung to a pre-tax loss of £2.13m as UK and international drilling markets slowed, but kept costs broadly flat and maintained a solid asset base of £17.98m. M...
Business Operations and Strategy
Plexus Wins £1.5m UK North Sea Wellhead Orders Under Framework Deal
Positive
Mar 20, 2026
Plexus Holdings has secured initial orders worth about £1.5 million under a framework agreement to provide rental wellhead equipment and services to a UK Continental Shelf operator. The contracts, focused on plug and abandonment wells, will u...
Business Operations and StrategyShareholder Meetings
Plexus Wins Overwhelming Shareholder Backing at AGM
Positive
Jan 16, 2026
Plexus Holdings said all resolutions at its annual general meeting were duly passed, with each motion receiving more than 99% of votes cast in favour. The strong shareholder backing, reflected in minimal opposition across all 10 resolutions, under...
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
Plexus signals growth push with expanded rental fleet and new regional roll-out
Positive
Jan 16, 2026
Plexus Holdings used its AGM to underline a year of rebuilding and repositioning, characterised by deliberate investment in expanding its rental wellhead inventory and strengthening its balance sheet after an exceptional prior year. Management sai...
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.