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Tekcapital
(LSE:TEK)
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Rating:47Neutral
Price Target:
4.00 p
▲(3.90% Upside)
Action:Reiterated
Date:08/07/26
The score is held back primarily by weak financial performance—especially the sharp revenue decline, inconsistent profitability, and persistent negative operating/free cash flow. Technicals add a modest drag with the price still below key longer-term moving averages and a negative MACD. Valuation is not a clear positive due to the negative P/E and lack of dividend yield data.
Positive Factors
Conservative balance sheet
Zero reported debt provides Tekcapital with durable financial flexibility to support long development cycles typical of university spin-outs. A debt-free structure reduces insolvency risk during cash burn periods, making it easier to raise capital, pursue opportunistic deals, and sustain portfolio support over the medium term.
Negative Factors
Revenue collapse
A roughly 95% revenue decline in 2025 indicates revenues are lumpy and not reliably recurring, undermining the firm's ability to fund operations from business activities. Such extreme volatility reduces visibility into sustainable cash flows, complicates strategic planning, and heightens reliance on capital markets or asset sales for working capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Zero reported debt provides Tekcapital with durable financial flexibility to support long development cycles typical of university spin-outs. A debt-free structure reduces insolvency risk during cash burn periods, making it easier to raise capital, pursue opportunistic deals, and sustain portfolio support over the medium term.
Read all positive factors
Tekcapital (TEK) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£10.29M
Dividend YieldN/A
Average Volume (3M)1.18M
Price to Earnings (P/E)―
Beta (1Y)0.78
Revenue Growth-36.53%
EPS Growth-163.26%
CountryUK
Employees5
SectorFinancial
Sector Strength70
IndustrySoftware - Application
Share Statistics
EPS (TTM)N/A
Shares Outstanding257,178,530
10 Day Avg. Volume863,685
30 Day Avg. Volume1,176,730
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.38
Price to Sales (P/S)73.87
P/FCF Ratio-9.77
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
Tekcapital Business Overview & Revenue Model
Company Description
Tekcapital plc, an entity operating across the UK and US markets, specializes in providing technology commercialization services to both academic institutions and corporate entities. Its diverse product portfolio includes Microsalt, featuring fine...
How the Company Makes Money
Tekcapital’s primary economic model is based on creating value from a portfolio of IP-backed ventures and realizing returns through equity ownership. It typically makes money by (1) holding equity stakes in portfolio companies and benefitting from...
Tekcapital Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
74
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 281.37K | 285.26K | 425.99K | 735.26K | -9.30M | 815.99K |
| Gross Profit | 279.79K | 282.22K | -439.02K | 421.18K | -9.51M | 552.07K |
| EBITDA | -1.55M | -1.63M | -1.89M | -1.31M | -11.75M | -1.05M |
| Net Income | 121.02M | -17.44M | 19.16M | -15.69M | -11.77M | 26.37M |
Balance Sheet | ||||||
| Total Assets | 203.22M | 55.98M | 70.64M | 48.62M | 58.15M | 68.47M |
| Cash, Cash Equivalents and Short-Term Investments | 203.68K | 529.38K | 786.29K | 620.25K | 628.64K | 3.54M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 425.14K | 882.57K | 571.57K | 734.54K | 388.61K | 406.93K |
| Stockholders Equity | 202.79M | 55.10M | 70.07M | 47.89M | 57.77M | 68.06M |
Cash Flow | ||||||
| Free Cash Flow | -3.18M | -2.16M | -1.50M | -1.33M | -2.57M | -1.82M |
| Operating Cash Flow | -3.18M | -2.16M | -1.50M | -1.26M | -2.56M | -1.81M |
| Investing Cash Flow | -273.26K | -845.09K | -1.82M | -3.59M | -2.68M | -3.46M |
| Financing Cash Flow | 2.35M | 2.71M | 3.53M | 4.83M | 2.30M | 8.85M |
Tekcapital Technical Analysis
Neutral
3.85
Price Trends
4.83
Negative
5.81
Negative
7.63
Negative
Market Momentum
-0.20
Negative
48.34
Neutral
45.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TEK, the sentiment is Neutral. The current price of 3.85 is below the 20-day moving average (MA) of 4.02, below the 50-day MA of 4.83, and below the 200-day MA of 7.63, indicating a neutral trend. The MACD of -0.20 indicates Negative momentum. The RSI at 48.34 is Neutral, neither overbought nor oversold. The STOCH value of 45.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:TEK.
Tekcapital Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | £84.79M | 5.59 | 43.71% | 6.38% | ― | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
47 Neutral | £10.29M | -0.83 | 7.07% | ― | -36.53% | -163.26% | |
46 Neutral | £48.14M | -6.33 | -21.57% | ― | 4.57% | -3.85% | |
44 Neutral | £317.64K | -0.01 | 3573.66% | ― | -26.13% | 92.22% | |
44 Neutral | £1.01M | ― | -135.15% | ― | ― | ― | |
42 Neutral | £10.57M | -1.38 | -42.77% | ― | -138.95% | -246.67% |
* Financial Sector Average
GB:TEK
Tekcapital
4.25
-3.10
-42.18%
GB:PULS
Access Intelligence
35.00
-5.50
-13.58%
GB:SPSC
Spectra Systems
170.00
-21.97
-11.44%
GB:COIN
Coinsilium Group
2.05
-3.70
-64.35%
GB:ENET
Ethernity Networks Ltd.
0.01
-0.01
-50.00%
GB:GNIP
GenIP Plc
3.90
-20.60
-84.08%
Tekcapital Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Tekcapital Posts Record Half-Year as Vesari Valuation Transforms Portfolio
Positive
Aug 6, 2026
Tekcapital reported a transformational first half of 2026, with net assets surging to a record US$201.7m and profit after tax jumping to US$144.8m, driven largely by portfolio valuation gains rather than cash returns. The group maintained strict c...
Business Operations and StrategyExecutive/Board Changes
Tekcapital’s Vesari Bolsters Geothermal Expertise for Clean-Powered AI Campus
Positive
Jul 17, 2026
Tekcapital’s portfolio company Vesari Inc. has strengthened its scientific leadership by appointing renowned geothermal expert Dr. Joseph N. Moore to its newly formed Science Advisory Board. Moore’s five-decade career, including leadin...
Business Operations and StrategyDelistings and Listing ChangesProduct-Related Announcements
Tekcapital’s Vesari Files Eleven Patents and Explores U.S. Listing
Positive
Jul 15, 2026
Tekcapital has announced that portfolio company Vesari Inc. has filed and secured assignment of eleven non-provisional U.S. patent applications covering its integrated, behind-the-meter, geothermal-powered AI data centre architecture. The portfoli...
Business Operations and StrategyProduct-Related Announcements
Tekcapital Portfolio Firm Wins 345-Store Canada Smart Eyewear Rollout
Positive
Jul 7, 2026
Tekcapital has highlighted a major commercial milestone for portfolio company Innovative Eyewear as it secures a rollout of Lucyd Armor smart safety eyewear across 345 FYidoctors and Visique clinics operated by Canada’s FYihealth group. The ...
Business Operations and StrategyFinancial DisclosuresProduct-Related Announcements
Tekcapital’s smart eyewear investee posts 71% sales surge and expands retail reach
Positive
Jul 6, 2026
Tekcapital portfolio company Innovative Eyewear has reported unaudited preliminary figures showing first-half 2026 net sales of about $1.77 million, up roughly 71% year on year, marking its twelfth consecutive quarter of revenue growth. Second-qua...
Business Operations and StrategyShareholder Meetings
Tekcapital shareholders back all AGM resolutions, paving way for capital flexibility
Positive
Jun 29, 2026
Tekcapital reported that all resolutions put to shareholders at its latest annual general meeting were approved, including the adoption of the 2025 annual report and accounts and the reappointment of MacIntyre Hudson as auditor, with authority gra...
Business Operations and StrategyShareholder Meetings
Tekcapital sets date for 2026 AGM as it advances university IP investments
Positive
Jun 24, 2026
Tekcapital has scheduled its Annual General Meeting for 29 June 2026 at the London offices of Bird Bird LLP, with full AGM materials available on the company’s website for shareholder review. The meeting gives investors a formal forum to en...
Business Operations and StrategyDelistings and Listing ChangesFinancial DisclosuresLegal ProceedingsPrivate Placements and FinancingProduct-Related Announcements
Tekcapital posts portfolio-driven loss but flags strong growth across IP ventures
Negative
May 27, 2026
Tekcapital reported a sharp fall in net assets to US$55.1m for 2025, driven by unrealised portfolio depreciation tied mainly to a weaker Microsalt share price, swinging the group to a US$17.1m loss after tax from a prior-year profit. Despite this,...
Business Operations and Strategy
Tekcapital Launches Vesari to Target Geothermal-Powered AI Data Centres
Positive
May 22, 2026
Tekcapital has formed Vesari Inc., its fifth portfolio company, to acquire and commercialise generative AI intellectual property aimed at geothermal-powered hyperscale data centres, securing a 51% stake via its Tekcapital Europe subsidiary at no c...
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.