Tanfield (TAN) AI Stock Analysis

• Market Cap: £11.40M
• Dividend Yield: N/A
• Average Volume (3M): 33.05K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.83
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: 2
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): >-0.01
• Shares Outstanding: 162,906,850
• 10 Day Avg. Volume: 29,038
• 30 Day Avg. Volume: 33,051
• PEG Ratio: 1.45
• Price to Book (P/B): 0.27
• Price to Sales (P/S): 369.60
• P/FCF Ratio: -14.93
• 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: 50 Neutral
• Price Target: 7.00 p ▲(12.90% Upside)
• Action: N/A Date: 01/04/26
• Date: Action: N/A 01/04/26

The score is held back primarily by weak and inconsistent financial performance (minimal/volatile revenue, recent losses, and negative operating/free cash flow), partially offset by a debt-free, stable balance sheet. Technicals are moderately supportive (above key longer-term moving averages with neutral momentum), while valuation is impaired by loss-making earnings (negative P/E) and no stated dividend yield.

Positive Factors

Debt-free Balance Sheet

A zero-debt balance sheet provides durable financial flexibility: it lowers bankruptcy risk, reduces fixed financing costs, and gives management optionality to fund operations, wait for favorable asset-sale markets, or restructure without immediate refinancing pressure.

Large Equity Base & Stable Assets

A substantial equity base and steady asset levels create a long-term capital buffer. This supports the company’s ability to absorb periodic losses, execute on asset monetization strategies, and pursue infrequent strategic transactions without needing immediate external capital.

Holding/Investment Company Positioning

As a holding/investing vehicle, Tanfield has structural optionality: it can realize value via asset disposals, investment revaluations, interest income, or settling legacy claims. This model reduces ongoing operating capex needs and focuses value creation on strategic monetization.

Negative Factors

Extremely Small, Volatile Revenue

Persistently minimal and unpredictable revenue undermines business predictability and planning. Without recurring sales or a clear operating engine, forecasting cash flow and justifying investment is difficult, limiting long-term growth and operational scaling prospects.

Negative Operating & Free Cash Flow

Ongoing cash burn erodes reserves and forces reliance on asset sales or new capital. Negative operating and free cash flow over multiple years is a structural red flag that jeopardizes sustainability absent consistent monetization of investments or a restored operating profit base.

Earnings Not Durable; Returns Negative

The sharp swing from one-off profits to repeated losses and negative ROE indicates the capital base is not generating sustainable returns. Reliance on non-recurring items for prior gains suggests weak core economics and limited long-term shareholder value generation.

Tanfield Business Overview & Revenue Model

Company Description

Tanfield Group PLC operates as an investment company. The company, through its 49% interest in Snorkel International Holdings LLC, produces self-propelled, towable, and push-around aerial lifts, including diesel and electric scissor lifts, mast lifts, telescopic boom lifts, and articulating booms. Tanfield Group PLC also, through its 5.76% interest in Smith Electric Vehicles Corp., designs and produces electric commercial vehicles for short haul urban fleets. The company was incorporated in 2000 and is based in Newcastle upon Tyne, the United Kingdom.

How the Company Makes Money

Tanfield’s current, recurring sources of revenue are not clearly disclosed as being derived from an active operating business in the most commonly available high-level company summaries; null. To the extent Tanfield generates income, it would typically be expected to come from (i) gains or losses on the sale or revaluation of investments or other financial assets, (ii) interest income on cash balances or loans/receivables, and/or (iii) proceeds from settling legacy claims or disposing of remaining assets; however, specific confirmed revenue streams, amounts, or named partnerships cannot be verified from the information available here and are therefore null.

Tanfield Financial Statement Overview

Summary

Overall fundamentals are weak despite a strong balance sheet. Revenue is extremely small and volatile, profitability swung from a one-off strong 2022 to sizable losses in 2023–2024, and operating/free cash flow turned negative again in 2023–2024 (cash burn). The key offset is zero debt and a stable equity base, which provides financial flexibility but does not solve the lack of a durable earnings engine.

Income Statement

Revenue is extremely small and volatile, with a sharp decline in 2024 versus 2023 and a one-off spike in 2022 that did not repeat. Profitability is weak overall: 2024 and 2023 show meaningful operating and net losses with deeply negative margins, following large profits in 2022. The pattern suggests earnings are not durable and are highly dependent on non-recurring items rather than a stable operating base.

Balance Sheet

The balance sheet is a relative strength: the company reports zero total debt in 2022–2024 and maintains a large equity base and stable asset levels. However, returns on equity have turned negative again in 2023–2024, indicating the capital base is not currently generating profits, which limits the quality of the balance-sheet strength.

Cash Flow

Cash generation is weak in the most recent years, with operating cash flow and free cash flow both negative in 2023 and 2024, implying ongoing cash burn. While 2022 showed strong positive cash flow, the reversal back to outflows reduces confidence in consistency and indicates funding needs may persist if losses continue.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Jun 2022	Dec 2020
Income Statement
Total Revenue	8.00K	16.00K	23.00K	6.90M	19.00K	18.00K
Gross Profit	0.00	0.00	23.00K	6.67M	-71.00K	-63.00K
EBITDA	-808.00K	-403.00K	0.00	0.00	-369.00K	-597.00K
Net Income	-714.00K	-271.00K	-331.00K	4.95M	-514.00K	-697.00K
Balance Sheet
Total Assets	21.91M	22.35M	22.63M	22.95M	19.71M	19.65M
Cash, Cash Equivalents and Short-Term Investments	2.78M	3.21M	3.47M	3.82M	588.00K	524.00K
Total Debt	0.00	0.00	0.00	0.00	1.70M	1.10M
Total Liabilities	162.00K	65.00K	72.00K	64.00K	1.77M	1.19M
Stockholders Equity	21.75M	22.29M	22.56M	22.89M	17.94M	18.46M
Cash Flow
Free Cash Flow	-396.25K	-396.00K	-474.00K	4.69M	-386.00K	-612.00K
Operating Cash Flow	-396.25K	-396.00K	-474.00K	4.69M	-386.00K	-612.00K
Investing Cash Flow	-2.13K	-168.00K	123.00K	16.00K	0.00	0.00
Financing Cash Flow	0.00	0.00	0.00	-1.45M	450.00K	1.00M

Tanfield Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FSG	73 Outperform	£432.93M	7.48	44.99%	5.73%	―	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
GSF	65 Neutral	£258.61M	-1.21	-6.58%	8.18%	-9.72%	-25.25%
TAN	50 Neutral	£11.40M	-3.70	-3.23%	―	―	―
EGT	45 Neutral	£10.49M	-4.39	-22.43%	―	―	―
RNEW	44 Neutral	―	-1.48	-47.36%	3.45%	―	―

Tanfield Corporate Events

Tanfield Secures Key Court Ruling in Snorkel Ownership Dispute

Tanfield Group has secured a key legal milestone in its dispute over the value of its 49% interest in Snorkel International Holdings, after a Nevada court certified prior rulings that confirm Snorkel must buy out Tanfield’s stake under the agreed contract. The certification locks in Snorkel’s obligation to pay a Priority Amount and Preferred Return on Tanfield’s interest, removing the risk that the holding could be acquired for nothing and providing greater visibility over the recovery of value from the £19.1m investment.

The only issue now heading to trial is the calculation of the Option Price, which could range from zero to a positive amount payable in addition to the Preferred Interest when Snorkel completes the acquisition of Tanfield’s stake. With the trial expected to be pushed back from April 2026 by at least two months, the board sees this development as an important step towards resolving the U.S. proceedings and believes further positive outcomes on the Option Price and related matters remain possible for shareholders.

The most recent analyst rating on (GB:TAN) stock is a Hold with a £7.00 price target. To see the full list of analyst forecasts on Tanfield stock, see the GB:TAN Stock Forecast page.