Tekmar Group plc (GB:TGP)
LSE:TGP
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Tekmar Group plc
(LSE:TGP)
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Rating:43Neutral
Price Target:
11.00 p
▼(-12.00% Downside)
Action:ReiteratedDate:03/12/26
The score is primarily driven by weak financial performance (persistent losses, steep FY2025 revenue decline, and a return to operating/free-cash-flow burn), which outweighs improving margins and moderate leverage. Technical indicators add pressure due to bearish trend signals and oversold momentum, while valuation remains unattractive/unclear with negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Improving gross margin
A sustained rise in gross margin to 37.2% signals better unit economics or cost control in core engineered products. If maintained, higher gross margins provide durable operating leverage potential, improving the chance of moving to profit as revenue stabilises and scale returns.
Negative Factors
Sharp revenue contraction
A 67% revenue decline materially reduces scale and weakens fixed-cost absorption, undermining operating leverage. Sustained top-line volatility makes consistent margin recovery harder, increases per-project break-even risk, and raises execution and customer-concentration vulnerabilities over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving gross margin
A sustained rise in gross margin to 37.2% signals better unit economics or cost control in core engineered products. If maintained, higher gross margins provide durable operating leverage potential, improving the chance of moving to profit as revenue stabilises and scale returns.
Read all positive factors
Tekmar Group plc (TGP) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£15.70M
Dividend YieldN/A
Average Volume (3M)1.34M
Price to Earnings (P/E)―
Beta (1Y)1.17
Revenue Growth-24.64%
EPS Growth39.47%
CountryUK
Employees133
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding139,551,390
10 Day Avg. Volume520,703
30 Day Avg. Volume1,339,420
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.34
Price to Sales (P/S)0.29
P/FCF Ratio-3.88
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)>-0.01
Revenue Forecast (FY)£38.60M
Tekmar Group plc Business Overview & Revenue Model
Company Description
Tekmar Group plc, together with its subsidiaries, designs, develops, manufactures, installs, and sells subsea stability and protection solutions to offshore energy markets. The company offers subsea cable, and umbilical and flexible pipe protectio...
How the Company Makes Money
Tekmar Group plc makes money primarily by selling engineered subsea cable protection and support products and delivering associated services to offshore project developers, EPC contractors and installation contractors. Its core revenue stream is c...
Tekmar Group plc Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
58
Neutral
Cash Flow
33
Negative
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 28.75M | 32.81M | 39.91M | 30.19M | 47.03M |
| Gross Profit | 10.69M | 10.52M | 9.30M | 7.04M | 10.72M |
| EBITDA | -1.14M | -1.97M | -7.20M | -2.08M | -1.75M |
| Net Income | -3.91M | -6.41M | -10.12M | -5.13M | -5.44M |
Balance Sheet | |||||
| Total Assets | 42.09M | 50.91M | 53.26M | 56.94M | 56.42M |
| Cash, Cash Equivalents and Short-Term Investments | 3.41M | 4.63M | 5.22M | 8.50M | 3.48M |
| Total Debt | 6.85M | 7.48M | 7.88M | 7.39M | 6.34M |
| Total Liabilities | 17.64M | 22.74M | 18.60M | 17.73M | 16.20M |
| Stockholders Equity | 24.44M | 28.16M | 34.65M | 39.21M | 40.22M |
Cash Flow | |||||
| Free Cash Flow | -2.14M | 1.37M | -7.00M | -71.00K | -4.03M |
| Operating Cash Flow | -1.47M | 3.30M | -5.67M | 1.57M | -1.52M |
| Investing Cash Flow | 1.06M | -1.95M | -1.29M | -1.64M | -2.50M |
| Financing Cash Flow | -784.00K | -1.61M | 3.97M | 4.76M | 5.53M |
Tekmar Group plc Technical Analysis
Positive
12.50
Price Trends
10.17
Positive
9.54
Positive
7.67
Positive
Market Momentum
0.28
Negative
70.25
Negative
83.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TGP, the sentiment is Positive. The current price of 12.5 is above the 20-day moving average (MA) of 10.22, above the 50-day MA of 10.17, and above the 200-day MA of 7.67, indicating a bullish trend. The MACD of 0.28 indicates Negative momentum. The RSI at 70.25 is Negative, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:TGP.
Tekmar Group plc Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | £1.70B | 20.83 | 17.34% | 2.34% | 3.88% | 5.10% | |
70 Neutral | £46.18M | 10.36 | 11.64% | 7.35% | -25.56% | -42.49% | |
68 Neutral | £43.68M | 9.18 | 4.00% | 2.45% | 5.54% | 209.72% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | £34.62M | 2,272.39 | 0.90% | 3.29% | -6.46% | -56.20% | |
46 Neutral | £10.30M | -5.59 | -10.69% | 2.47% | -3.17% | 69.15% | |
43 Neutral | £15.70M | -2.12 | -25.08% | ― | -24.64% | 39.47% |
* Industrials Sector Average
GB:TGP
Tekmar Group plc
11.25
6.50
136.84%
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Tekmar Group plc Corporate Events
Business Operations and StrategyShareholder Meetings
Tekmar Shareholders Back All Resolutions at Annual Meeting
Positive
Mar 31, 2026
Tekmar Group plc said all resolutions at its latest annual general meeting were approved by shareholders, reaffirming support for the company’s strategy and governance. The vote outcome underpins management’s plan to strengthen Tekmar&...
Business Operations and Strategy
Tekmar wins £2m cable protection deals on Japanese offshore wind project
Positive
Mar 31, 2026
Tekmar Group plc has secured two contracts worth a combined £2 million to supply its 10th generation cable protection technology to a Japanese offshore wind farm developer. Work on the project will start immediately, with revenue expected to ...
Business Operations and Strategy
Tekmar wins £2m Japanese offshore wind contracts to bolster Asia-Pacific growth
Positive
Mar 31, 2026
Tekmar Group plc, a specialist in offshore asset protection technology and energy services, has secured two contracts worth a combined £2 million for a Japanese offshore wind farm project. The main award covers the supply of its 10th-generati...
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
Tekmar Group Publishes 2025 Report and Sets March AGM
Positive
Mar 9, 2026
Tekmar Group plc, a specialist in engineering-led solutions for offshore energy and marine infrastructure, focuses on geotechnical design, simulation and analysis, bespoke equipment, and subsea protection and stability systems. With nearly four de...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Tekmar builds record order book and boosts visibility as Project Aurora gains traction
Positive
Mar 9, 2026
Tekmar Group reported audited results for the year to 30 September 2025 showing revenue of £28.7m and adjusted EBITDA of £0.1m, in line with expectations but down on the prior year, while gross margins improved to 34% as its Project Auro...
Business Operations and Strategy
Tekmar Sells Surplus Property to Bolster Balance Sheet and Fund Growth
Positive
Feb 27, 2026
Tekmar Group plc has completed the sale of Innovation House and adjacent land, the former freehold premises of Subsea Innovation Limited, for £2.84m in cash, matching the property’s net book value and resulting in no profit or loss on d...
Business Operations and StrategyFinancial Disclosures
Tekmar lands £4m European offshore wind contract, bolstering order book and growth plans
Positive
Feb 13, 2026
Tekmar Group plc, a specialist in offshore asset protection technology and energy services, has secured a contract worth more than £4m to supply its 10th Generation Cable Protection Systems and ancillaries to a major European offshore wind fa...
Business Operations and Strategy
Tekmar Wins $1.5m Middle East Port Scour Protection Contract
Positive
Jan 8, 2026
Tekmar Group plc has secured a US$1.5 million contract with an existing EPC customer to design and supply bespoke scour protection solutions for a major port infrastructure development in the Middle East, with delivery scheduled for the third quar...
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.