SRT Marine Systems (SRT) AI Stock Analysis

• Market Cap: £242.78M
• Dividend Yield: N/A
• Average Volume (3M): 436.42K
• Price to Earnings (P/E): 106.7
• Beta (1Y): 0.02
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: 109
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): N/A
• Shares Outstanding: 251,590,650
• 10 Day Avg. Volume: 330,538
• 30 Day Avg. Volume: 436,420
• PEG Ratio: 0.00
• 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: 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: 55 Neutral
• Price Target: 97.00p ▲(7.78% Upside)

The overall stock score is primarily influenced by strong revenue growth and improving operational efficiency. However, high valuation metrics and weak technical indicators weigh down the score. The absence of dividend yield and cash flow challenges further impact the stock's attractiveness.

Positive Factors

Rapid Revenue Growth

A 558% uplift in the latest period reflects expanding market adoption or major contract wins, underpinning sustainable top-line momentum. Such durable demand can fund product development, scale operations, and enhance bargaining power with suppliers over the next several quarters.

Healthy Gross Margins

A 30.6% gross margin indicates efficient production and pricing power in hardware and software offerings. Sustained margins support reinvestment in R&D and services, improving unit economics as sales scale and strengthening long-term competitiveness in maritime systems.

Diversified, Contracted Revenue Streams

Mixed revenue from hardware, software licensing and long-term service contracts plus government partnerships creates recurring and predictable cash inflows. This contract mix reduces reliance on one-off sales and enhances revenue durability and customer stickiness over months to years.

Negative Factors

Negative Operating and Free Cash Flow

Persistently negative operating and free cash flow hinders the company's ability to self-fund growth, forcing external financing or equity raises. Over a multi-quarter horizon this can dilute shareholders, constrain capex/R&D, and raise execution risk on scaling initiatives.

Low Net Profitability

A low 2.6% net margin despite high revenue expansion suggests limited conversion of sales into durable profits. This leaves earnings vulnerable to cost inflation, warranty or support expenses, and limits retained earnings for reinvestment absent margin improvement.

Moderate Leverage and Limited Equity Cushion

Debt/equity around 0.64 with a modest equity ratio signals moderate leverage but limited capital buffer. Combined with low ROE, this reduces financial flexibility to absorb shocks or fund opportunistic investments without increasing indebtedness, heightening structural risk.

SRT Marine Systems Business Overview & Revenue Model

Company Description

SRT Marine Systems plc, together with its subsidiaries, develops and supplies automatic identification system (AIS) based maritime domain awareness technologies, products, and systems. The company offers systems, such as DAS-Digital ATON, a system that enhance port and waterway traffic control and navigation safety; NAIS-National Vessel Tracking, a vessel identification and tracking system solution; MDM-Coastguard, a maritime domain surveillance system; VMS-Fisheries, a system for tracking, monitoring, and managing fishing vessels; and VTS-Ports and Waterways, a monitoring, managing, and control system for maritime infrastructure, ports, and waterways. It also provides AIS, VMS, search and rescue, vessel, and navigation transceivers; fishing buoy trackers; base stations; display and data solutions; satellite data solutions; OEM AIS transceivers; and transceiver modules, as well as develops and sells maritime communication products and systems. The company's solutions are used in a range of maritime applications, such as safety and security, and environment sustainability and protection. It serves mariners, infrastructure owners, coast guards, and fishing authorities in the United Kingdom, rest of Europe, the Middle East, North America, South East Asia, and internationally. The company was formerly known as Software Radio Technology Plc and changed its name to SRT Marine Systems plc in July 2016. SRT Marine Systems plc was founded in 1987 and is headquartered in Bath, the United Kingdom.

How the Company Makes Money

SRT generates revenue through multiple streams, including the sale of AIS hardware and software solutions, licensing agreements, and ongoing service contracts. The company earns income from the manufacturing and distribution of its AIS transceivers, which are sold to various clients including government agencies, commercial shipping companies, and maritime organizations. In addition, SRT capitalizes on revenue from long-term contracts for the provision of maintenance and support services, as well as software updates. Significant partnerships with government bodies and maritime authorities further enhance SRT's earnings potential, as they often lead to large-scale contracts and projects requiring advanced maritime technology solutions.

SRT Marine Systems Financial Statement Overview

Summary

SRT Marine Systems faces significant financial challenges, highlighted by a sharp decline in revenue and profitability. Negative cash flows and high leverage pose risks to financial stability, demanding strategic measures for improvement.

Income Statement

The income statement reveals a significant decline in revenue from the previous year, with total revenue decreasing from £30.5 million to £11.85 million. Gross profit margin has also decreased, and the company has incurred a substantial net loss of £10.92 million. The negative EBIT and EBITDA margins indicate operational inefficiencies and challenges in managing costs relative to revenue.

Balance Sheet

The balance sheet indicates a moderately leveraged position with a Debt-to-Equity ratio of approximately 1.2, suggesting a reliance on debt financing. Stockholders' equity has increased slightly, but the company's equity ratio is around 39.8%, which implies moderate financial stability. However, the high debt levels pose potential risks, especially in the context of consistent net losses.

Cash Flow

Cash flow analysis highlights significant challenges, with operating cash flow turning negative at -£10.07 million, a stark contrast to the previous positive cash flow. The free cash flow is also negative, reflecting the company's struggle to generate cash from its operations. The financing cash flow is positive due to increased debt, indicating a reliance on external funding.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	11.85M	78.02M	11.85M	30.51M	8.17M	8.28M
Gross Profit	3.36M	23.90M	3.36M	11.04M	2.67M	3.18M
EBITDA	-10.18M	6.46M	-10.18M	3.02M	-3.42M	-2.59M
Net Income	-10.92M	2.03M	-10.92M	69.52K	-5.84M	-5.13M
Balance Sheet
Total Assets	30.27M	87.41M	30.27M	26.41M	24.71M	22.01M
Cash, Cash Equivalents and Short-Term Investments	2.78M	9.95M	2.78M	2.18M	5.92M	5.29M
Total Debt	14.40M	17.20M	14.40M	8.89M	8.46M	9.64M
Total Liabilities	18.21M	60.55M	18.21M	16.10M	14.92M	11.29M
Stockholders Equity	12.05M	26.85M	12.05M	10.31M	9.79M	10.72M
Cash Flow
Free Cash Flow	-10.29M	-1.05M	-10.29M	-3.29M	-1.32M	-273.11K
Operating Cash Flow	-10.07M	-501.30K	-10.07M	1.70M	2.19M	2.84M
Investing Cash Flow	-4.77M	-4.98M	-6.00M	-4.99M	-3.51M	-3.11M
Financing Cash Flow	15.32M	11.70M	20.35M	-410.19K	2.86M	4.64M

SRT Marine Systems Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 90.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SRT, the sentiment is Positive. The current price of 90 is above the 20-day moving average (MA) of 85.74, above the 50-day MA of 84.66, and above the 200-day MA of 77.14, indicating a bullish trend. The MACD of 3.41 indicates Negative momentum. The RSI at 70.59 is Negative, neither overbought nor oversold. The STOCH value of 78.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:SRT.

SRT Marine Systems Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
QTX	74 Outperform	£149.16M	28.33	27.08%	2.00%	8.19%	―
SDI	70 Neutral	£78.43M	17.12	9.34%	―	7.36%	31.93%
SOLI	68 Neutral	£99.43M	41.08	3.88%	1.56%	8.75%	-54.73%
GHH	67 Neutral	£167.55M	45.13	3.13%	2.19%	10.66%	21.19%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SRT	55 Neutral	£242.78M	106.67	―	―	―	―
TTG	54 Neutral	£199.43M	-2.80	-31.42%	―	-16.33%	-448.12%

SRT Marine Systems Corporate Events

SRT Marine Systems PLC Announces Successful AGM Results

SRT Marine Systems PLC announced that all resolutions were passed at their recent AGM, indicating strong shareholder support. This development reinforces SRT’s position in the maritime domain awareness industry and suggests continued confidence in their strategic direction, potentially benefiting stakeholders involved in maritime security and environmental protection.

The most recent analyst rating on (GB:SRT) stock is a Hold with a £80.00 price target. To see the full list of analyst forecasts on SRT Marine Systems stock, see the GB:SRT Stock Forecast page.

SRT Marine Systems Announces Investor Open Day and AGM

SRT Marine Systems PLC has announced an Investor Open Day and Annual General Meeting (AGM) scheduled for December 4, 2025, at their headquarters in Midsomer Norton, Bath, UK. This event is an opportunity for stakeholders and interested parties to engage with the company’s operations, experience live product demonstrations, and interact with staff and board members. The open day aims to strengthen stakeholder relationships and provide insights into the company’s activities, potentially enhancing its market positioning and operational transparency.

The most recent analyst rating on (GB:SRT) stock is a Hold with a £80.00 price target. To see the full list of analyst forecasts on SRT Marine Systems stock, see the GB:SRT Stock Forecast page.

SRT Marine Systems Reports 426% Revenue Surge Amid Expanding Global Contracts

SRT Marine Systems PLC reported a significant 426% increase in revenues to £78.0 million for the year ended June 30, 2025, driven by the commencement of multiple system projects. The company has secured £325 million in system contracts and a new pipeline of £1.8 billion, reflecting growing demand for their maritime surveillance systems. Operational highlights include the implementation of the SRT-MDA System with five sovereign customers and significant investment in AI-driven system functionality. A new contract worth approximately US$200 million has been awarded by a sovereign customer, pending project contract and financing. The company is also advancing its NEXUS data and voice transceiver, with plans to expand into digital onboard navigation and other areas. SRT’s strategic focus on AI and system integration positions it strongly in the global maritime surveillance market, with expectations of continued growth.

The most recent analyst rating on (GB:SRT) stock is a Hold with a £80.00 price target. To see the full list of analyst forecasts on SRT Marine Systems stock, see the GB:SRT Stock Forecast page.

SRT Marine Systems Announces Key Corporate Events for 2025

SRT Marine Systems PLC has announced several upcoming corporate events, including the release of their annual results for the year ending June 2025 on October 22, 2025. The company will also host a live webcast on the same day, led by CEO Simon Tucker, to discuss the results and answer questions from investors. Additionally, SRT will hold its Annual General Meeting (AGM) and Investor Open Day on December 4, 2025, offering stakeholders an opportunity to engage with the company and view its facilities. These events are part of SRT’s efforts to maintain transparency and foster investor relations, potentially impacting its market positioning and stakeholder engagement.

The most recent analyst rating on (GB:SRT) stock is a Hold with a £80.00 price target. To see the full list of analyst forecasts on SRT Marine Systems stock, see the GB:SRT Stock Forecast page.