SECURE PROPERTY Development & Investment (SPDI) AI Stock Analysis

• Market Cap: £2.26M
• Dividend Yield: N/A
• Average Volume (3M): 37.88K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.47
• Revenue Growth: -55.33%
• EPS Growth: -115.99%
• Country: UK
• Employees: 2
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): N/A
• Shares Outstanding: 129,191,440
• 10 Day Avg. Volume: 10,740
• 30 Day Avg. Volume: 37,876
• PEG Ratio: 0.07
• Price to Book (P/B): 0.99
• Price to Sales (P/S): 4.88
• P/FCF Ratio: 230.50
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: 2.00p ▲(14.29% Upside)

The overall stock score reflects significant challenges in financial performance and valuation, with ongoing losses and weak cash flow management. However, recent strategic corporate events, including a shift towards energy storage and asset sales, provide a positive outlook for future growth. Technical indicators suggest bearish momentum, further weighing down the score.

Positive Factors

Manageable Debt Levels

A low debt-to-equity ratio indicates that the company has a manageable level of debt, which can provide financial stability and flexibility for future investments and operations.

Positive Free Cash Flow

Improved free cash flow suggests the company is generating enough cash to cover its operating expenses and investments, which is crucial for long-term sustainability and growth.

Strategic Property Management

Diversified income streams from property management and leasing provide a stable revenue base, reducing reliance on property sales and offering resilience against market fluctuations.

Negative Factors

Fluctuating Revenues

Fluctuating revenues can indicate instability in the company's core operations, making it challenging to plan for long-term growth and potentially affecting investor confidence.

Declining Equity

Declining equity suggests that the company is not retaining enough earnings to support its financial health, which could limit its ability to invest in future growth opportunities.

Negative Profit Margins

Negative profit margins indicate that the company is not currently profitable, which could hinder its ability to reinvest in the business and improve its competitive position.

SECURE PROPERTY Development & Investment Business Overview & Revenue Model

Company Description

SPDI is a London listed property company focused on Emerging Europe (Romania, Bulgaria, Greece, Serbia) with a growing portfolio of prime commercial properties let to blue chip clients on long leases, which generates high yields and offers significant potential for capital growth thanks to highly favourable macro and regional property market fundamentals.

How the Company Makes Money

SPDI generates revenue through multiple streams including property development projects, where the company earns profits from the sale or lease of developed properties. Additionally, SPDI engages in asset management services, collecting management fees from the properties it oversees. The company also derives income from investment advisory services, guiding clients in making informed real estate investments. Significant partnerships with local governments and financial institutions enhance SPDI's project capabilities and access to funding, further contributing to its earnings.

SECURE PROPERTY Development & Investment Financial Statement Overview

Summary

Secure Property Development & Investment faces significant profitability challenges, with fluctuating revenues and persistent net losses impacting its income statement. The balance sheet reflects a manageable debt level but declining equity, raising concerns about long-term financial health. The cash flow statement shows some positive signals, though cash generation remains inconsistent.

Income Statement

The company has experienced fluctuating revenue growth, with a notable decrease in 2024 compared to 2023. The gross profit margin has decreased significantly in 2024, indicating reduced profitability. The net profit margin is negative, highlighting ongoing losses. Despite a positive EBIT margin in 2024, EBITDA margin remains low, indicating operational challenges.

Balance Sheet

The balance sheet shows a decline in stockholders' equity over time, which raises concerns about financial stability. The debt-to-equity ratio is relatively low, suggesting manageable leverage. However, the equity ratio has decreased, indicating a higher proportion of liabilities in the company's capital structure.

Cash Flow

The company has shown improved free cash flow in 2024, but the operating cash flow remains volatile. The operating cash flow to net income ratio is low, reflecting inefficiencies in converting earnings into cash. Although the company has positive free cash flow, its ratio to net income is weak, indicating potential cash flow management issues.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.28M	1.43M	1.14M	1.05M	795.70K
Gross Profit	972.23K	1.43M	1.14M	1.05M	795.70K
EBITDA	72.68K	9.51M	-1.06M	422.31K	-1.10M
Net Income	-838.07K	6.48M	-1.24M	184.41K	-1.49M
Balance Sheet
Total Assets	28.12M	28.20M	30.14M	53.16M	55.59M
Cash, Cash Equivalents and Short-Term Investments	1.05M	152.24K	66.57K	2.16M	129.86K
Total Debt	1.43M	985.17K	1.42M	3.03M	3.41M
Total Liabilities	21.83M	9.43M	16.65M	24.15M	25.96M
Stockholders Equity	6.28M	18.66M	13.11M	23.25M	23.71M
Cash Flow
Free Cash Flow	27.09K	-87.83K	-2.47M	-1.68M	-1.64M
Operating Cash Flow	27.09K	-87.83K	-2.47M	-1.68M	-1.64M
Investing Cash Flow	1.19M	1.11M	2.56M	5.70M	2.91M
Financing Cash Flow	-546.97K	-872.13K	-2.30M	-2.33M	-1.13M

SECURE PROPERTY Development & Investment Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SPDI, the sentiment is Negative. The current price of 1.75 is equal to the 20-day moving average (MA) of 1.75, below the 50-day MA of 1.78, and below the 200-day MA of 3.46, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 1.38 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:SPDI.

SECURE PROPERTY Development & Investment Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WINK	75 Outperform	£24.53M	15.07	24.60%	7.00%	7.02%	-12.85%
FPO	70 Outperform	£22.92M	9.28	5.05%	―	-7.14%	―
CDFF	69 Neutral	£26.09M	25.49	4.45%	0.91%	-2.80%	30.05%
FLK	66 Neutral	£3.74M	24.50	3.44%	6.43%	0.55%	-45.82%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
SPDI	50 Neutral	£2.26M	-2.22	-2.41%	―	-55.33%	-115.99%
LAS	45 Neutral	£3.41M	-2.00	-6.18%	―	13.51%	-112.77%

SECURE PROPERTY Development & Investment Corporate Events

SPDI Announces Strategic Shift with Potential AdvEn Industries Acquisition

Secure Property Development & Investment PLC has announced a potential reverse takeover of AdvEn Industries, a company specializing in energy storage technologies. This strategic move involves a suspension of SPDI’s trading on AIM and a shift from property investments to energy storage, potentially benefiting shareholders by aligning with a rapidly growing market. SPDI has advanced loans to AdvEn to support its business model, which includes innovative carbon conversion technologies for energy storage materials, positioning AdvEn for significant growth in the sector.

SPDI Announces Arcona Share Distribution to Shareholders

Secure Property Development & Investment PLC has announced the distribution of Arcona Property Fund N.V. shares to its entitled shareholders, following decisions made at the Extraordinary General Meeting in April 2025. Shareholders are advised to coordinate with their brokers or custodians to respond appropriately to the distribution letter, which is part of the company’s strategic moves to enhance shareholder value.

SPDI Sells Romanian Logistics Portfolio and Ukrainian Land Asset

Secure Property Development & Investment PLC has sold its Romanian logistics portfolio, known as the Logic portfolio, to Myrnes Limited for €2,250,000. This transaction, which involves key stakeholders from SPDI, will help the company address existing liabilities and follows a strategic effort to monetize its properties. Additionally, SPDI has disposed of a Ukrainian land asset for $255,000, further contributing to its financial restructuring. These sales are expected to enhance shareholder value despite the associated construction risks and cash flow delays.

SPDI Reports 2025 Interim Results and Strategic Developments

Secure Property Development & Investment PLC announced its 2025 interim results, highlighting the completion of a strategic asset sale process with Arcona Property Fund N.V., resulting in a significant shareholding in Arcona valued at €12.4 million. The company also established a joint venture in Cyprus with Myrian New Limited to convert a €2.5 million loan into equity for Romanian logistics properties, impacting its financial performance with a reported operating result after finance and taxes at -€0.2 million due to lower interest income.

SPDI Announces Arcona Share Distribution Timetable

Secure Property Development & Investment PLC has announced the distribution timetable for its shares in Arcona Property Fund N.V., with the ex-date set for 12 September 2025 and the record date on 15 September 2025. This announcement is part of SPDI’s strategy to manage its capital and provide returns to shareholders, indicating a structured approach to its investment in high-yield real estate assets.