Tern PLC (GB:TERN)
LSE:TERN
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Tern plc
(LSE:TERN)
Select Model
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Rating:40Underperform
Price Target:
0.43 p
▼(-34.15% Downside)
Action:DowngradedDate:01/17/26
The score is primarily held down by poor financial performance (sharp revenue contraction, heavy losses, and negative operating/free cash flow). Technicals also point to a sustained downtrend with only tentative oversold stabilization signals. Valuation is difficult to support given negative earnings and no dividend yield data.
Positive Factors
Low Leverage
Tern's low debt-to-equity ratio indicates a conservative capital structure, providing financial stability and flexibility to navigate market fluctuations.
Negative Factors
Revenue Decline
A significant drop in revenue indicates challenges in business operations or market demand, which could hinder long-term growth and profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Tern's low debt-to-equity ratio indicates a conservative capital structure, providing financial stability and flexibility to navigate market fluctuations.
Read all positive factors
Tern plc (TERN) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£5.07M
Dividend YieldN/A
Average Volume (3M)1.82M
Price to Earnings (P/E)―
Beta (1Y)-0.29
Revenue Growth-77.04%
EPS Growth86.67%
CountryUK
Employees8
SectorFinancial
Sector Strength70
IndustrySoftware - Application
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding750,877,400
10 Day Avg. Volume495,937
30 Day Avg. Volume1,824,725
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.58
Price to Sales (P/S)358.23
P/FCF Ratio-3.97
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
Tern plc Business Overview & Revenue Model
Company Description
Tern plc (TERN) is a UK-based investment company that specializes in the technology sector, focusing on digital transformation and the Internet of Things (IoT). The company primarily invests in early-stage technology businesses that are developing...
How the Company Makes Money
Tern plc generates revenue primarily through capital appreciation from its investments in technology companies. The company's revenue model is centered on equity stakes in its portfolio firms, which may lead to significant returns when these compa...
Tern plc Financial Statement Overview
Summary
Income Statement
20
Very Negative
Balance Sheet
40
Negative
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 29.40K | 17.40K | 199.23K | -8.34M | 6.10M | 2.14M |
| Gross Profit | 29.40K | 17.40K | 199.23K | 66.01K | 63.78K | 151.16K |
| EBITDA | -1.13M | -1.18M | -12.67M | -10.25M | 0.00 | 0.00 |
| Net Income | -2.07M | -3.77M | -12.61M | -10.45M | 4.58M | 803.89K |
Balance Sheet | ||||||
| Total Assets | 10.94M | 11.31M | 13.15M | 25.18M | 32.76M | 24.30M |
| Cash, Cash Equivalents and Short-Term Investments | 74.00K | 382.21K | 297.56K | 931.76K | 1.96M | 2.13M |
| Total Debt | 170.00K | 161.11K | 418.20K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 655.00K | 597.62K | 848.44K | 325.00K | 342.06K | 295.60K |
| Stockholders Equity | 10.29M | 10.71M | 12.30M | 24.85M | 32.42M | 24.00M |
Cash Flow | ||||||
| Free Cash Flow | -1.16M | -1.57M | -1.22M | -2.20M | -1.48M | -1.19M |
| Operating Cash Flow | -1.16M | -1.57M | -1.22M | -2.20M | -1.48M | -1.19M |
| Investing Cash Flow | -442.39K | -406.39K | 151.92K | -1.63M | -2.50M | -1.86M |
| Financing Cash Flow | 1.55M | 1.65M | 431.54K | 2.80M | 3.81M | 4.17M |
Tern plc Technical Analysis
Neutral
0.65
Price Trends
0.54
Positive
0.53
Positive
0.64
Positive
Market Momentum
0.07
Negative
52.95
Neutral
48.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TERN, the sentiment is Neutral. The current price of 0.65 is below the 20-day moving average (MA) of 0.66, above the 50-day MA of 0.54, and above the 200-day MA of 0.64, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 52.95 is Neutral, neither overbought nor oversold. The STOCH value of 48.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:TERN.
Tern plc Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | £178.27M | 37.63 | 5.22% | 0.80% | 22.80% | -32.13% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
58 Neutral | £5.42M | ― | ― | ― | ― | ― | |
51 Neutral | £4.43M | -22.52 | 0.89% | ― | ― | ― | |
46 Neutral | £36.75M | -28.61 | 49.22% | ― | 1.73% | -68.87% | |
41 Neutral | £1.55M | -0.28 | -586.74% | ― | 5.29% | 72.50% | |
40 Underperform | £5.07M | -1.72 | -19.70% | ― | -77.04% | 86.67% |
* Financial Sector Average
GB:TERN
Tern plc
0.68
-0.69
-50.37%
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Tern plc Corporate Events
Business Operations and StrategyLegal Proceedings
Tern plc Forfeits SVV2 Fund Interest and Faces Potential Default Costs
Negative
Jan 15, 2026
Tern plc has lost its entire limited partner interest in the Sure Valley Ventures Enterprise Capital Fund LP (SVV2) after being classified as a defaulting investor under the fund’s limited partnership agreement, following its request for rel...
Business Operations and Strategy
Tern Plc Publishes Investor Presentations from IoT Portfolio Companies
Positive
Jan 8, 2026
Tern Plc has announced that investor presentation materials from its recent online event featuring portfolio companies Device Authority and Talking Medicines are now available to view via published links, with a recording of the session to be host...
Business Operations and Strategy
Tern Plc Schedules Online Investor Presentation With Portfolio Companies
Positive
Dec 23, 2025
Tern Plc has scheduled an online investor presentation and QA session for 5.30 p.m. GMT on Wednesday 7 January 2026, to be led by members of its management team alongside executives from portfolio companies Device Authority and Talking Medicines. ...
Private Placements and Financing
Tern Plc Enhances Investment in Talking Medicines with New Convertible Loan Notes
Neutral
Dec 12, 2025
Tern Plc has been issued approximately £230,000 in new unsecured convertible loan notes by Talking Medicines Limited, in exchange for canceling existing short-term loans totaling about £180,000. This move increases Tern’s total con...
Business Operations and StrategyPrivate Placements and Financing
Tern Plc Faces Funding Challenges with SVV2 Commitment
Negative
Nov 28, 2025
Tern Plc has announced an update regarding its capital commitment to Sure Valley Ventures Enterprise Capital Fund LP (SVV2). The company has invested approximately £1.3 million into SVV2 but faces challenges in meeting further capital calls d...
Business Operations and StrategyPrivate Placements and Financing
Tern Plc Extends Convertible Loan Notes in Talking Medicines
Neutral
Nov 25, 2025
Tern Plc has announced the extension of the maturity dates for approximately £0.3 million of convertible loan notes in Talking Medicines Limited to 21 November 2029. This strategic move is expected to enhance Tern’s negotiating position...
Regulatory Filings and Compliance
Tern plc Announces Total Voting Rights Update
Neutral
Oct 31, 2025
Tern plc announced that its total issued ordinary share capital consists of 672,713,705 Ordinary Shares, each with one voting right, and none held in Treasury. This information is crucial for shareholders to determine their notification requiremen...
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.