1Spatial (SPA) AI Stock Analysis

• Market Cap: £52.87M
• Dividend Yield: N/A
• Average Volume (3M): 272.47K
• Price to Earnings (P/E): 316.7
• Beta (1Y): 0.29
• Revenue Growth: 3.30%
• EPS Growth: -85.85%
• Country: UK
• Employees: 330
• Sector: Technology
• Sector Strength: 94
• Industry: Software - Application
• EPS (TTM): <0.01
• Shares Outstanding: 111,302,430
• 10 Day Avg. Volume: 70,870
• 30 Day Avg. Volume: 272,472
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: £72.50
• Price Target Upside: 52.63% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 60 Neutral
• Price Target: 50.00p ▲(5.26% Upside)

1Spatial's overall stock score is driven by solid financial performance and positive corporate events, such as successful AGM results and SaaS transition progress. However, the high P/E ratio and bearish technical indicators weigh down the score, highlighting valuation concerns and potential market skepticism.

1Spatial Business Overview & Revenue Model

Company Description

1Spatial (SPA) is a leading provider of spatial data management solutions, specializing in the handling and integration of geospatial data for various sectors including government, utilities, and transportation. The company focuses on delivering innovative software solutions that enable organizations to manage and utilize their spatial data effectively. Key products include data management platforms, spatial data quality assurance tools, and enterprise-level systems designed to support large-scale geospatial projects.

How the Company Makes Money

1Spatial generates revenue primarily through the sale of software licenses, subscriptions for its cloud-based services, and consulting services related to the implementation and integration of its products. The company has established key revenue streams from ongoing maintenance contracts and training services for its software solutions. Additionally, 1Spatial benefits from strategic partnerships with technology firms and governmental agencies, which enhance its market reach and provide opportunities for collaborative projects, further contributing to its earnings.

1Spatial Financial Statement Overview

Summary

1Spatial shows solid revenue growth and profitability improvements, indicating strong strategic positioning. However, concerns arise from fluctuations in free cash flow and a decline in EBIT margin, suggesting potential operational cost pressures.

Income Statement

1Spatial shows a solid revenue growth trend with total revenue increasing from 2020 to 2025. Gross profit margins remain healthy, demonstrating strong cost management. However, there is a decline in EBIT margin from 2024 to 2025, which could indicate rising operational costs or investment in growth initiatives. Despite fluctuations, net profit margin has improved, showing enhanced profitability.

Balance Sheet

The company maintains a reasonable debt-to-equity ratio, reflecting a balanced approach to leverage. Stockholders' equity has grown steadily, bolstering financial stability. However, the equity ratio has decreased slightly, suggesting increased liabilities relative to assets. Return on Equity (ROE) has seen improvement, indicating effective use of equity capital to generate profits.

Cash Flow

Operating cash flow remains strong, but free cash flow has experienced volatility, especially with a negative free cash flow in 2025. The operating cash flow to net income ratio is healthy, showcasing efficient cash generation. However, the negative free cash flow in 2025 raises concerns about capital expenditure or investment strategies impacting liquidity.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	33.38M	32.31M	30.00M	27.03M	24.60M
Gross Profit	18.54M	17.93M	12.14M	10.51M	9.04M
EBITDA	5.03M	2.42M	4.62M	3.86M	2.90M
Net Income	167.00K	1.18M	1.06M	383.00K	-1.13M
Balance Sheet
Total Assets	41.44M	38.55M	39.62M	35.12M	37.18M
Cash, Cash Equivalents and Short-Term Investments	3.63M	4.26M	5.04M	5.62M	7.28M
Total Debt	5.97M	4.58M	3.67M	4.12M	5.68M
Total Liabilities	22.96M	20.25M	22.27M	19.61M	22.45M
Stockholders Equity	18.48M	18.31M	17.83M	15.99M	15.21M
Cash Flow
Free Cash Flow	-911.00K	4.32M	1.30M	-74.00K	1.98M
Operating Cash Flow	4.14M	4.38M	5.32M	2.54M	4.29M
Investing Cash Flow	-5.51M	-5.36M	-4.02M	-2.61M	-2.31M
Financing Cash Flow	769.00K	376.00K	-1.98M	-1.51M	1.07M

1Spatial Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 47.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SPA, the sentiment is Negative. The current price of 47.5 is below the 20-day moving average (MA) of 48.11, below the 50-day MA of 47.53, and below the 200-day MA of 58.15, indicating a bearish trend. The MACD of 0.24 indicates Positive momentum. The RSI at 43.48 is Neutral, neither overbought nor oversold. The STOCH value of 26.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:SPA.

1Spatial Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TRB	79 Outperform	£104.57M	19.01	10.98%	2.39%	4.97%	3.63%
IGP	78 Outperform	£100.64M	24.53	26.84%	―	-11.27%	-32.98%
CLBS	62 Neutral	£66.46M	13.23	16.09%	1.95%	-7.07%	24.73%
Sector *	62 Neutral	£500.82M	27.12	0.85%	2.82%	3.88%	-21.07%
SPA	60 Neutral	£52.87M	316.67	0.88%	―	3.30%	-85.85%
RM	55 Neutral	£84.36M	―	-3.40%	―	-14.23%	97.27%
OMG	54 Neutral	£51.39M	99.66	-0.90%	7.39%	-18.13%	-151.19%

1Spatial Corporate Events

1Spatial Announces Change in Major Shareholdings

1Spatial Plc has announced a change in its major holdings, with Lombard Odier Asset Management (Europe) Limited now holding 5.66% of the voting rights in the company. This acquisition of voting rights signifies a notable shift in the company’s shareholder structure, potentially impacting its governance and strategic direction. The transaction highlights Lombard Odier’s increased influence within 1Spatial, which may have implications for other stakeholders and the company’s future operations.

1Spatial plc Announces Successful AGM Results

1Spatial plc announced that all resolutions were passed at its Annual General Meeting, reflecting shareholder support for the company’s strategic direction. This development underscores the company’s strong position in the LMDM industry and its commitment to innovation, as evidenced by recent product launches that enhance its market offerings and stakeholder engagement.

1Spatial Advances in SaaS Transition with Strong Contract Pipeline

1Spatial plc, a leader in Location Master Data Management software, is progressing in its transition to a SaaS-led business model, with a strong pipeline of significant contracts. The UK market has seen increased activity with new contracts and expansions, while the US market shows promising customer engagement despite slower decision-making. The company is focusing on growing its Software Solutions and SaaS businesses, with ongoing investments in business development and cost management.

1Spatial Releases Annual Report and Announces AGM

1Spatial plc has announced the availability of its annual report and accounts for the year ended 31 January 2025, along with the notice for its Annual General Meeting (AGM) scheduled for 7 July 2025 in London. This announcement marks a significant step in maintaining transparency with shareholders and stakeholders, as the company continues to strengthen its position in the Location Master Data Management industry.