SRT Marine Systems PLC (GB:SRT)
LSE:SRT
Top Page
SRT Marine Systems
(LSE:SRT)
Select Model
Select Model
Rating:56Neutral
Price Target:
79.00 p
▼(-12.22% Downside)
Action:ReiteratedDate: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
£212.62M
Dividend YieldN/A
Average Volume (3M)436.42K
Price to Earnings (P/E)88.2
Beta (1Y)0.03
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees109
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.01
Shares Outstanding251,620,650
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)N/A
Revenue Forecast (FY)N/A
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...
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 | TTM | Jun 2025 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 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
Neutral
90.00
Price Trends
87.94
Negative
86.51
Negative
84.14
Positive
Market Momentum
-1.16
Positive
47.90
Neutral
51.19
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 90 is above the 20-day moving average (MA) of 85.49, above the 50-day MA of 87.94, and above the 200-day MA of 84.14, indicating a neutral trend. The MACD of -1.16 indicates Positive momentum. The RSI at 47.90 is Neutral, neither overbought nor oversold. The STOCH value of 51.19 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | £110.42M | 20.87 | 25.90% | 2.00% | 8.19% | ― | |
70 Neutral | £66.93M | 12.03 | 9.07% | ― | 7.36% | 31.93% | |
68 Neutral | £80.84M | 8.13 | 3.91% | 1.56% | 8.75% | -54.73% | |
67 Neutral | £205.83M | 25.56 | 3.10% | 2.19% | 10.66% | 21.19% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | £212.62M | 88.18 | 10.42% | ― | ― | ― | |
54 Neutral | £195.87M | -4.02 | -37.50% | ― | -16.33% | -448.12% |
* Technology Sector Average
GB:SRT
SRT Marine Systems
84.50
23.80
39.21%
GB:GHH
Gooch & Housego
752.00
320.78
74.39%
GB:QTX
Quartix Holdings
228.00
35.84
18.65%
GB:SDI
SDI Group
64.00
13.50
26.73%
GB:SOLI
Solid State
142.50
-22.27
-13.52%
GB:TTG
TT Electronics
110.00
29.40
36.48%
SRT Marine Systems Corporate Events
Business Operations and StrategyFinancial DisclosuresProduct-Related Announcements
SRT Marine Systems Doubles Revenue as Sovereign MDA Contracts Drive Growth
Positive
Mar 16, 2026
SRT Marine Systems reported a strong first half to 31 December 2025, with revenues almost doubling year on year to £51.1m and profit before tax rising 48% to £3.1m, driven mainly by its sovereign maritime surveillance systems business. G...
Business Operations and StrategyLegal Proceedings
SRT Marine Systems Cleared by Philippine Courts Over Fisheries Project Allegations
Positive
Mar 11, 2026
SRT Marine Systems said the Philippine courts have fully cleared and dismissed as false and baseless all allegations of conspiracy, graft and bidding irregularities against the company, its CEO Simon Tucker and others in relation to the BFAR fishe...
Business Operations and Strategy
SRT Marine Systems Secures US$261m Sovereign Maritime Surveillance Contract
Positive
Mar 4, 2026
SRT Marine Systems has signed a US$261 million contract with a new sovereign customer to supply a national maritime domain awareness system, surpassing an earlier expected value of about US$200 million. Activation of the project depends on complet...
Business Operations and Strategy
SRT Marine Systems Wins $20.5m Follow-On Sovereign Contract
Positive
Feb 27, 2026
SRT Marine Systems has secured a new $20.5 million systems contract with an existing sovereign customer, extending a previously deployed maritime surveillance solution. The follow-on order will expand the scope of the customer’s maritime dom...
Private Placements and FinancingRegulatory Filings and Compliance
SRT Marine Systems Issues New Shares Following Employee Option Conversions
Neutral
Feb 6, 2026
SRT Marine Systems has issued and allotted 30,000 new ordinary shares at an exercise price of 0.1p each following the conversion of employee share options, with admission to trading on AIM expected on 12 February 2026. After admission, the company...
Business Operations and StrategyFinancial Disclosures
SRT Marine Systems Nearly Doubles H1 Revenue as Contract Pipeline Underpins Growth Outlook
Positive
Jan 13, 2026
SRT Marine Systems reported a strong first half for the 2026 financial year, with unaudited revenues nearly doubling to £51.1m and profit before tax rising 47% to £3.1m, alongside an 85% increase in gross cash to £41.5m. Both its Na...
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.