IDE Group Holdings Plc (TIA) AI Stock Analysis

• Market Cap: £24.94M
• Dividend Yield: N/A
• Average Volume (3M): 3.22K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.82
• Revenue Growth: -12.11%
• EPS Growth: -106.04%
• Country: UK
• Employees: 290
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): -0.04
• Shares Outstanding: 39,909,832
• 10 Day Avg. Volume: 2,057
• 30 Day Avg. Volume: 3,223
• PEG Ratio: -0.02
• Price to Book (P/B): 1.95
• Price to Sales (P/S): 0.38
• P/FCF Ratio: 4.24
• 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: 63.00p ▼(-21.25% Downside)

The score is held down primarily by weak financial performance (declining revenue, ongoing losses, and elevated leverage), partially offset by improving operating cash flow. Technicals are supportive with price above major moving averages and positive MACD, but the very overbought RSI raises near-term risk. Valuation is constrained by negative earnings and no stated dividend yield.

Positive Factors

Recurring revenue model

A subscription-heavy business model provides durable, predictable revenue and customer lock-in across enterprise, public sector and SMEs. Recurring fees smooth cash flow, support long-term contract visibility and enable reinvestment in service capabilities despite cyclical demand.

Strategic technology partnerships

Partnerships with leading tech vendors broaden product offerings, reduce time-to-market for new solutions and improve credibility with enterprise clients. Structurally this raises switching costs, helps capture larger projects and supports sustained competitive differentiation versus smaller MSPs.

Improving cash generation & margins

Rising operating cash flow and better gross margins indicate improving cost control and service economics. This durable improvement enhances liquidity, reduces reliance on external funding, and creates runway to address losses or invest in scalable growth initiatives if the trend continues.

Negative Factors

Declining revenue trend

A multi-year top-line contraction signals structural demand loss, weakened market share or failure to fully monetize offerings. Sustained revenue declines erode operating leverage, constrain reinvestment capacity and make long-term margin recovery and deleveraging more difficult.

Persistent losses & negative EBIT

Ongoing net losses and negative operating margins limit internal financing and heighten reliance on external capital. Without consistent profitability, the firm faces pressure to cut costs or dilute equity, and margin recovery must be sustained to ensure long-term viability.

High leverage / balance sheet risk

Elevated leverage reduces financial flexibility, increases interest and refinancing risk, and amplifies downside in revenue shocks. Even with modest equity recovery, a 1.23 debt/equity ratio is a material constraint on strategic choices and increases bankruptcy or dilution risk if cashflows falter.

IDE Group Holdings Plc Business Overview & Revenue Model

Company Description

Tialis Essential IT PLC, through its subsidiaries, provides network, cloud, and IT managed services to public and private companies in the United Kingdom. Its cloud and hosting services include co-location, private, public, and hybrid cloud, DR and business continuity, and cloud migration; network and connectivity service includes cloud connectivity, multi-protocol label switching, local and wide area network, and distributed denial of service protection services; collaboration services comprise hosted telephony and unified communication; managed services include remote infrastructure management, tech bars and on-site resources, field and smart hands, threat protection, and professional services; and device management services comprise procurement, configuration and integration, deployment, management, and retirement services. The company was formerly known as IDE Group Holdings plc and changed its name to Tialis Essential IT PLC in November 2022. Tialis Essential IT PLC was founded in 2005 and is based in Edinburgh, the United Kingdom.

How the Company Makes Money

IDE Group generates revenue primarily through its diverse service offerings, which include managed IT services, cloud computing solutions, and high-speed connectivity services. The company charges clients on a subscription basis for ongoing services and support, while also earning revenue from one-time project fees for specific IT implementations. Significant partnerships with leading technology providers enhance its service capabilities and contribute to its earnings, providing access to cutting-edge technology and expertise. Additionally, IDE Group may benefit from recurring revenue streams through long-term contracts with clients, ensuring a stable income flow.

IDE Group Holdings Plc Financial Statement Overview

Summary

Weak fundamentals: revenue has declined from $28.16M (2019) to $20.84M (2024) and the company remains loss-making with negative EBIT margins. Some positives include improved gross margin (28.8% in 2024) and better operating cash flow in 2024 ($1.89M), but leverage remains a material risk (debt-to-equity 1.23).

Income Statement

The company has faced declining revenue in recent years, from $28.16M in 2019 to $20.84M in 2024. Gross profit margin decreased from 22.8% in 2019 to 28.8% in 2024, indicating some improvement in cost management. However, consistent net losses and negative EBIT margins highlight ongoing profitability challenges.

Balance Sheet

The company is heavily leveraged with a debt-to-equity ratio of 1.23 in 2024, compared to negative equity in 2020 and 2021. The equity position has improved slightly, but overall financial stability remains a concern due to high liabilities relative to assets.

Cash Flow

Operating cash flow improved significantly in 2024 to $1.89M from $658K in 2023, leading to stronger free cash flow growth. However, cash flow is not yet sufficient to cover net income losses consistently, though there is positive momentum in cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	18.95M	20.84M	22.41M	14.46M	14.46M	11.53M
Gross Profit	3.36M	6.01M	6.65M	5.05M	6.27M	2.55M
EBITDA	-660.00K	-204.00K	1.39M	2.43M	956.00K	956.00K
Net Income	-3.15M	-3.19M	-1.54M	-587.00K	-1.98M	-18.48M
Balance Sheet
Total Assets	14.74M	14.29M	16.77M	15.42M	15.94M	22.31M
Cash, Cash Equivalents and Short-Term Investments	537.00K	854.00K	274.00K	414.00K	349.00K	693.00K
Total Debt	4.38M	5.01M	4.82M	4.61M	18.11M	17.36M
Total Liabilities	11.21M	10.22M	10.19M	9.45M	24.57M	30.91M
Stockholders Equity	3.40M	4.06M	6.58M	5.97M	-8.63M	-8.60M
Cash Flow
Free Cash Flow	-1.52M	1.86M	583.00K	1.27M	560.00K	2.03M
Operating Cash Flow	-1.50M	1.89M	658.00K	1.48M	588.00K	2.11M
Investing Cash Flow	98.00K	-28.00K	-75.00K	-208.00K	-614.00K	-154.00K
Financing Cash Flow	1.32M	-1.28M	-723.00K	-1.20M	-318.00K	-1.95M

IDE Group Holdings Plc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 80.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TIA, the sentiment is Negative. The current price of 80 is above the 20-day moving average (MA) of 76.13, above the 50-day MA of 72.05, and above the 200-day MA of 70.35, indicating a bearish trend. The MACD of -2.30 indicates Positive momentum. The RSI at 25.60 is Positive, neither overbought nor oversold. The STOCH value of 20.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:TIA.

IDE Group Holdings Plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SCT	75 Outperform	£2.85B	21.66	41.77%	2.05%	51.50%	11.62%
TRD	72 Outperform	£50.72M	26.62	44.27%	2.69%	30.01%	138.65%
MTEC	69 Neutral	£58.97M	42.74	10.36%	―	20.40%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
RCN	54 Neutral	£190.36M	77.10	1.35%	3.01%	-31.46%	297.44%
TIA	50 Neutral	£24.94M	-4.82	-67.57%	―	-12.11%	-106.04%
TPX	50 Neutral	£21.70M	-2.83	-17.47%	―	-5.84%	55.30%

IDE Group Holdings Plc Corporate Events

Tialis Essential IT Reshapes Shareholder Base and Leadership Amid Growth Push

Tialis Essential IT Plc faces a significant shift in its shareholder base as MXC Capital Limited, its largest shareholder, enters members’ voluntary liquidation and plans to distribute its entire 67.17% stake in Tialis directly to MXC’s own investors. The company expects this redistribution to eliminate MXC as a direct shareholder, materially diversify its share register and increase free float and liquidity on AIM, without affecting its operations, strategy or workforce, though existing arrangements tied to MXC’s shareholding will lapse. Alongside this, Tialis has reshaped its leadership, promoting Chief Operating Officer David Niall O’Regan to Chief Executive Officer, appointing Peter Hallett as Interim Non-Executive Chairman, and announcing the departure of Executive Director Ian Smith, who remains a director of AI Auxesis Limited. In a trading update for the year to 31 December 2025, the group reported expected revenue of at least £17m and adjusted EBITDA of at least £1.8m, repaid £1m of bank borrowings and invested £8.2m in acquisitions and joint ventures, while cutting its largest-customer concentration from 81% to 60% and entering 2026 with a £9m sales pipeline and a growing contribution from its MXLGA joint venture, which is expected to deliver no less than £22m in revenue and £2.2m in adjusted EBITDA.

The most recent analyst rating on (GB:TIA) stock is a Hold with a £87.00 price target. To see the full list of analyst forecasts on IDE Group Holdings Plc stock, see the GB:TIA Stock Forecast page.