MicroSalt plc (SALT) AI Stock Analysis

• Market Cap: £24.14M
• Dividend Yield: N/A
• Average Volume (3M): 35.93K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.44
• Revenue Growth: 147.18%
• EPS Growth: 3.11%
• Country: UK
• Employees: 5
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): -0.03
• Shares Outstanding: 56,143,894
• 10 Day Avg. Volume: 61,176
• 30 Day Avg. Volume: 35,928
• PEG Ratio: -0.05
• Price to Book (P/B): -7.21
• Price to Sales (P/S): 14.89
• P/FCF Ratio: -1.76
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: 53.00p ▲(23.26% Upside)

MicroSalt plc's overall stock score is primarily impacted by its weak financial performance and valuation, with persistent losses and negative equity. However, positive corporate events and strategic partnerships provide some optimism for future growth. Technical indicators suggest bearish momentum, further weighing on the stock's attractiveness.

Positive Factors

Revenue Growth

Strong revenue growth indicates increasing demand for MicroSalt's products, suggesting successful market penetration and potential for future expansion.

Market Trend

The increasing demand for low-sodium products aligns with MicroSalt's offerings, providing a supportive environment for long-term growth and market relevance.

Strategic Partnerships

Collaborations with major brands can enhance distribution channels and brand recognition, driving sales growth and market presence over time.

Negative Factors

Profitability Challenges

Persistent lack of profitability indicates difficulties in cost management and operational efficiency, which may hinder long-term financial sustainability.

Negative Cash Flow

Negative cash flow and dependence on external funding highlight financial instability, potentially affecting future operations and growth initiatives.

Weak Balance Sheet

A weak balance sheet with negative equity and high leverage raises concerns about solvency and limits financial flexibility, impacting long-term resilience.

MicroSalt plc Business Overview & Revenue Model

Company Description

MicroSalt Plc engages in developing and producing sodium salt and snack foods. It focuses on seeking to reduce the sodium content in foods for its existing and new product lines. The company was founded by Clifford Mark Gross on March 14, 2016 and is headquartered in London, the United Kingdom.

How the Company Makes Money

MicroSalt generates revenue through the sale of its proprietary micro salt products to food manufacturers and retailers. The company's revenue model is primarily based on direct product sales, where it supplies its low-sodium salt alternatives to a variety of clients in the food industry, including snack food companies, restaurants, and packaged food producers. Additionally, MicroSalt may engage in strategic partnerships and collaborations with major food brands to further expand its market reach and distribution channels. These partnerships can also lead to co-branding opportunities and joint marketing initiatives, contributing to increased sales and brand recognition. The growing trend towards healthier eating and regulatory pressures to reduce sodium levels in food products provide a favorable market environment that further supports the company's revenue generation efforts.

MicroSalt plc Financial Statement Overview

Summary

MicroSalt plc faces significant financial challenges, with persistent losses and negative equity. Despite a positive revenue growth of 30.66%, the lack of profitability and negative cash flows indicate substantial operational and financial hurdles.

Income Statement

MicroSalt plc has been experiencing consistent increases in revenue over the years, with a revenue growth of 30.66% from 2023 to 2024. However, the company has not yet achieved profitability, as demonstrated by negative gross profit margins, net profit margins, and EBIT margins over the analyzed period. This indicates challenges in managing costs and achieving operating efficiency.

Balance Sheet

The balance sheet reflects significant financial distress, with a negative stockholders' equity position in the latest year, indicating liabilities exceed assets. The company also has a concerning debt-to-equity ratio due to negative equity, suggesting high financial leverage and potential solvency issues. These factors highlight a weak financial position.

Cash Flow

Cash flow analysis shows a substantial negative free cash flow, indicating the company is currently consuming more cash than it generates. Despite this, there was a significant financing cash flow, suggesting reliance on external financing to manage operations. The operating cash flow to net income ratio is negative, further emphasizing cash flow challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	948.00K	750.00K	574.00K	638.00K	33.00K	12.00K
Gross Profit	-456.00K	-438.00K	-150.00K	197.00K	-63.00K	-9.00K
EBITDA	-4.83M	-5.81M	-3.34M	-2.41M	-1.15M	-797.00K
Net Income	-4.45M	-6.13M	-3.48M	-1.94M	-907.00K	-832.00K
Balance Sheet
Total Assets	3.62M	2.54M	2.27M	667.00K	428.00K	138.00K
Cash, Cash Equivalents and Short-Term Investments	915.00K	261.00K	117.00K	91.00K	18.00K	9.00K
Total Debt	2.73M	2.75M	2.52M	170.00K	860.00K	115.00K
Total Liabilities	3.77M	4.09M	4.27M	335.00K	914.00K	127.00K
Stockholders Equity	-159.00K	-1.55M	-2.00M	62.00K	-786.00K	17.00K
Cash Flow
Free Cash Flow	-4.06M	-6.34M	-2.78M	-2.09M	-1.29M	-557.00K
Operating Cash Flow	-3.81M	-5.93M	-2.59M	-1.97M	-1.28M	-545.00K
Investing Cash Flow	-387.50K	-399.00K	-189.00K	-116.00K	-9.00K	-12.00K
Financing Cash Flow	2.25M	6.47M	2.80M	2.16M	1.30M	536.00K

MicroSalt plc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 43.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SALT, the sentiment is Negative. The current price of 43 is below the 20-day moving average (MA) of 48.00, below the 50-day MA of 55.18, and below the 200-day MA of 60.19, indicating a bearish trend. The MACD of -3.71 indicates Positive momentum. The RSI at 20.45 is Positive, neither overbought nor oversold. The STOCH value of 27.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:SALT.

MicroSalt plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HFG	71 Outperform	£447.89M	11.44	12.72%	7.01%	8.58%	-15.81%
GNC	70 Outperform	£1.10B	19.11	12.23%	0.79%	7.74%	30.09%
BAKK	64 Neutral	£1.37B	36.79	5.88%	2.52%	0.59%	-41.66%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
SALT	47 Neutral	£24.14M	-5.12	-1427.02%	―	147.18%	3.11%
UKR	47 Neutral	£3.17M	-1.07	-94.96%	―	15.00%	-592.50%

MicroSalt plc Corporate Events

MicroSalt plc Expands Share Issuance Following Stock Option Exercise

MicroSalt plc has announced the allotment of 341,527 ordinary shares following the exercise of stock options, with these shares expected to begin trading on AIM on or around 26 November 2025. This move increases the total number of ordinary shares with voting rights to 52,304,803, reflecting the company’s ongoing efforts to enhance its market presence and shareholder engagement. The exercise of options and subsequent share issuance underscores MicroSalt’s strategic initiatives to strengthen its financial position and expand its influence in the burgeoning low-sodium salt market.

MicroSalt Projects Robust Growth with Strategic Partnerships and New Orders

MicroSalt has announced a positive trading update, with unaudited sales reaching $1.66 million for the first ten months of 2025, surpassing initial revenue expectations. The company has strengthened its relationship with a major North American customer, projecting significant sales growth in 2026 and 2027, and has signed a non-binding term sheet for a Joint Development Agreement to reduce sodium content in food products. Additionally, MicroSalt has formed a strategic partnership with Daiya Foods, further boosting its sales projections for the coming years. These developments underscore MicroSalt’s strategic efforts to build a sustainable organization focused on delivering healthier food options and enhancing investor returns.

MicroSalt Partners with Daiya Foods to Expand Low-Sodium Offerings

MicroSalt plc has announced a strategic partnership with Daiya Foods, a leader in dairy-free and plant-based food innovation. This collaboration marks a significant expansion for MicroSalt, integrating its low-sodium salt into Daiya’s product lines, particularly focusing on cheese and pizza dough. The partnership is expected to enhance MicroSalt’s presence beyond the snack sector, reinforcing its position as a preferred partner for global food manufacturers aiming to meet the rising consumer demand for healthier, full-flavour products. This move aligns with the global trend towards sodium reduction, potentially impacting both companies’ market reach and consumer offerings.

MicroSalt PLC Reports Record Revenue and Expands Global Presence in H1 2025

MicroSalt PLC reported significant financial and operational progress in the first half of 2025, achieving record revenue of $0.8 million, a substantial increase from the previous year. The company reduced its net loss and expanded its market presence in the UK and Belgium, while strengthening its sales pipeline with major food manufacturers. The successful launch of MicroSalt® Premium and strategic focus on bulk ingredient sales have positioned the company for sustained financial improvements. Looking ahead, MicroSalt anticipates significant sales growth with new product lines and increased demand from multinational FMCG companies, indicating a promising outlook for the coming years.