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SRT Marine Systems
(LSE:SRT)
Select Model
Select Model
Rating:56Neutral
Price Target:
79.00 p
▲(1.28% Upside)
Action:Reiterated
Date:03/05/26
The score is primarily constrained by cash flow weakness despite strong revenue growth and improving operating efficiency. Technicals are currently weak with negative momentum (though potentially oversold), and valuation is stretched due to a very high P/E with no dividend support.
Positive Factors
Strong revenue growth
A very large recent revenue uptick indicates expanding product adoption and successful contract wins. Sustained top-line growth improves scale economics, strengthens bargaining power with suppliers and partners, and increases the potential recurring service base over the next several quarters.
Negative Factors
Negative operating and free cash flow
Persistent negative operating and free cash flow undermines the company's ability to self-fund deployments, maintenance and growth. For a business reliant on phased, high-capex government projects, weak cash conversion increases financing needs and elevates execution and liquidity risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
A very large recent revenue uptick indicates expanding product adoption and successful contract wins. Sustained top-line growth improves scale economics, strengthens bargaining power with suppliers and partners, and increases the potential recurring service base over the next several quarters.
Read all positive factors
SRT Marine Systems (SRT) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£229.33M
Dividend YieldN/A
Average Volume (3M)436.42K
Price to Earnings (P/E)95.3
Beta (1Y)0.54
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees122
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)0.01
Shares Outstanding273,012,120
10 Day Avg. Volume330,538
30 Day Avg. Volume436,420
Financial Highlights & Ratios
PEG Ratio-0.76
Price to Book (P/B)6.66
Price to Sales (P/S)2.29
P/FCF Ratio-170.63
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)0.07
Revenue Forecast (FY)£123.40M
SRT Marine Systems Business Overview & Revenue Model
Company Description
SRT Marine Systems plc develops and supplies advanced technologies, products, and integrated systems focused on maritime domain awareness, predominantly leveraging the Automatic Identification System (AIS). The company provides a comprehensive arr...
How the Company Makes Money
SRT primarily makes money through two broad revenue streams: (1) products and systems sold to customers, and (2) services/support associated with those deployments.
1) AIS products (hardware and related software)
- SRT sells AIS transceivers and ...
SRT Marine Systems Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
65
Positive
Cash Flow
50
Neutral
| Breakdown | Jun 2025 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 78.02M | 11.85M | 30.51M | 8.17M | 8.28M |
| Gross Profit | 23.90M | 3.36M | 11.04M | 2.67M | 3.18M |
| EBITDA | 6.46M | -10.18M | 3.02M | -3.42M | -2.59M |
| Net Income | 2.03M | -10.92M | 69.52K | -5.84M | -5.13M |
Balance Sheet | |||||
| Total Assets | 87.41M | 30.27M | 26.41M | 24.71M | 22.01M |
| Cash, Cash Equivalents and Short-Term Investments | 9.95M | 2.78M | 2.18M | 5.92M | 5.29M |
| Total Debt | 17.20M | 14.40M | 8.89M | 8.46M | 9.64M |
| Total Liabilities | 60.55M | 18.21M | 16.10M | 14.92M | 11.29M |
| Stockholders Equity | 26.85M | 12.05M | 10.31M | 9.79M | 10.72M |
Cash Flow | |||||
| Free Cash Flow | -1.05M | -10.29M | -3.29M | -1.32M | -273.11K |
| Operating Cash Flow | -501.30K | -10.07M | 1.70M | 2.19M | 2.84M |
| Investing Cash Flow | -4.98M | -6.00M | -4.99M | -3.51M | -3.11M |
| Financing Cash Flow | 11.70M | 20.35M | -410.19K | 2.86M | 4.64M |
SRT Marine Systems Technical Analysis
Neutral
78.00
Price Trends
80.13
Positive
83.21
Negative
85.04
Negative
Market Momentum
0.47
Negative
52.55
Neutral
68.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SRT, the sentiment is Neutral. The current price of 78 is below the 20-day moving average (MA) of 79.62, below the 50-day MA of 80.13, and below the 200-day MA of 85.04, indicating a neutral trend. The MACD of 0.47 indicates Negative momentum. The RSI at 52.55 is Neutral, neither overbought nor oversold. The STOCH value of 68.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:SRT.
SRT Marine Systems Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £106.60M | 16.69 | 19.61% | 2.00% | 10.31% | 21.25% | |
69 Neutral | £103.53M | 25.00 | 6.51% | 1.40% | 23.25% | 700.00% | |
65 Neutral | £94.12M | 19.04 | 9.24% | ― | 12.56% | 23.36% | |
62 Neutral | £333.92M | 82.71 | 3.33% | 0.80% | 12.73% | -26.74% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | £242.66M | -4.93 | -31.21% | ― | -7.62% | 5.48% | |
56 Neutral | £229.33M | 95.29 | 10.42% | ― | ― | ― |
* Technology Sector Average
GB:SRT
SRT Marine Systems
81.00
-5.50
-6.36%
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GB:QTX
Quartix Holdings
220.00
-43.36
-16.46%
GB:SDI
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89.50
2.10
2.40%
GB:SOLI
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180.00
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16.18%
GB:TTG
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137.00
41.00
42.71%
SRT Marine Systems Corporate Events
Business Operations and Strategy
SRT Marine Systems Plans Live Investor Webcast to Update on Operations
Positive
Jul 30, 2026
SRT Marine Systems PLC has scheduled a live, unedited shareholder webcast for 9:00 a.m. on Tuesday, 4 August 2026, to provide an update on its operations and trading activities. The event, hosted by CEO Simon Tucker, will be publicly accessible on...
Other
SRT Marine Systems Director Increases Direct and Indirect Shareholdings
Positive
Jul 29, 2026
Non-executive director Oliver Plunkett has increased his stake in SRT Marine Systems plc through the purchase of 190,456 ordinary shares at 77.9575 pence per share. The transaction gives him a direct holding of 785,456 shares, equal to 0.29 per ce...
Business Operations and StrategyExecutive/Board Changes
SRT Marine Systems Extends Share Options for Senior Executives
Positive
Jul 24, 2026
SRT Marine Systems has extended the exercise period of share options granted to its chief executive, chief financial officer and chief operating officer, covering a total of 2.2 million options issued in 2016 at an exercise price of 0.1p. The opti...
Business Operations and StrategyFinancial Disclosures
SRT Marine Systems posts strong FY26 growth and builds pipeline in maritime security
Positive
Jul 23, 2026
SRT Marine Systems, a specialist in intelligent maritime surveillance and navigation safety technologies for sovereign and commercial customers, reported strong growth for the 12 months to 30 June 2026. The group’s offering spans software-en...
Delistings and Listing ChangesRegulatory Filings and Compliance
SRT Marine Systems Regularises AIM Admissions After Option Exercise
Neutral
Jun 5, 2026
SRT Marine Systems has issued and allotted 50,000 new ordinary shares following the exercise of employee share options at a nominal exercise price, and has applied for these shares to be admitted to trading on AIM on 9 June 2026. Following admissi...
Business Operations and StrategyFinancial Disclosures
SRT Marine Systems Wins £5m Support Deal with Sovereign Customer
Positive
May 8, 2026
SRT Marine Systems has secured a £5 million one-year system support contract with a long-standing sovereign customer, covering technical support and data services for an existing maritime domain awareness deployment from January to December 2...
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.