t42 IoT Tracking Solutions PLC (GB:TRAC)
LSE:TRAC
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t42 IoT Tracking Solutions PLC
(LSE:TRAC)
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Select Model
Rating:41Neutral
Price Target:
2.00 p
▲(2.56% Upside)
Action:ReiteratedDate:12/19/25
The overall stock score is primarily impacted by the company's poor financial performance, characterized by declining revenues, negative profit margins, and a heavily leveraged balance sheet. Technical analysis indicates short-term overbought conditions, but overall bearish momentum. The negative P/E ratio and lack of dividend yield further contribute to a low valuation score.
Positive Factors
Diversified IoT business model
Offering hardware, connectivity and software creates multiple revenue streams and higher customer stickiness. Durable mix supports recurring service income from connectivity/software, enabling cross-sell, longer customer lifecycles and resilience versus single-product vendors over the next several quarters.
Negative Factors
Declining revenue trend
Sustained top-line decline undermines scale economics and makes it harder to cover fixed costs in hardware and platform development. Continued revenue erosion constrains reinvestment ability, weakens negotiating leverage with suppliers and threatens long-term viability absent a clear rebound strategy.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified IoT business model
Offering hardware, connectivity and software creates multiple revenue streams and higher customer stickiness. Durable mix supports recurring service income from connectivity/software, enabling cross-sell, longer customer lifecycles and resilience versus single-product vendors over the next several quarters.
Read all positive factors
t42 IoT Tracking Solutions PLC (TRAC) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£2.45M
Dividend YieldN/A
Average Volume (3M)210.07K
Price to Earnings (P/E)―
Beta (1Y)1.57
Revenue Growth-1.05%
EPS Growth-8.05%
CountryUK
Employees18
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-0.01
Shares Outstanding73,155,754
10 Day Avg. Volume164,768
30 Day Avg. Volume210,074
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-0.84
Price to Sales (P/S)0.54
P/FCF Ratio3.79
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
t42 IoT Tracking Solutions PLC Business Overview & Revenue Model
Company Description
t42 IoT Tracking Solutions PLC (TRAC) specializes in providing innovative tracking and monitoring solutions through Internet of Things (IoT) technology. The company operates primarily in sectors such as logistics, transportation, and asset managem...
How the Company Makes Money
t42 IoT Tracking Solutions PLC generates revenue through multiple streams, primarily by selling IoT tracking devices and software solutions to businesses in logistics and asset management sectors. The company also offers subscription-based service...
t42 IoT Tracking Solutions PLC Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
20
Very Negative
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.21M | 4.16M | 4.00M | 4.04M | 4.21M | 5.04M |
| Gross Profit | 857.50K | 1.54M | 2.12M | 1.68M | 1.29M | 1.67M |
| EBITDA | -261.75K | -793.00K | 878.00K | -515.00K | -2.25M | -1.70M |
| Net Income | -630.00K | -1.75M | -420.00K | -1.01M | -2.96M | -2.04M |
Balance Sheet | ||||||
| Total Assets | 3.93M | 4.37M | 5.00M | 5.05M | 6.40M | 6.36M |
| Cash, Cash Equivalents and Short-Term Investments | 207.00K | 147.00K | 186.00K | 174.00K | 1.53M | 264.00K |
| Total Debt | 4.19M | 4.64M | 3.91M | 3.36M | 3.10M | 1.75M |
| Total Liabilities | 7.18M | 7.06M | 5.94M | 5.59M | 6.20M | 4.25M |
| Stockholders Equity | -3.25M | -2.68M | -939.00K | -538.00K | 193.00K | 2.10M |
Cash Flow | ||||||
| Free Cash Flow | 94.00K | 592.00K | -349.00K | -1.44M | -714.00K | -688.00K |
| Operating Cash Flow | 93.50K | 602.00K | -199.00K | -951.00K | -382.00K | -389.00K |
| Investing Cash Flow | -32.50K | -152.00K | -4.00K | -460.00K | -336.00K | -388.00K |
| Financing Cash Flow | -25.00K | -489.00K | 214.00K | 51.00K | 1.99M | 883.00K |
t42 IoT Tracking Solutions PLC Technical Analysis
Positive
1.95
Price Trends
2.52
Positive
2.27
Positive
2.21
Positive
Market Momentum
0.29
Negative
63.74
Neutral
62.13
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TRAC, the sentiment is Positive. The current price of 1.95 is below the 20-day moving average (MA) of 3.11, below the 50-day MA of 2.52, and below the 200-day MA of 2.21, indicating a bullish trend. The MACD of 0.29 indicates Negative momentum. The RSI at 63.74 is Neutral, neither overbought nor oversold. The STOCH value of 62.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:TRAC.
t42 IoT Tracking Solutions PLC Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £553.66M | 10.73 | 8.34% | 2.09% | 0.49% | 61.73% | |
73 Outperform | £108.97M | 20.87 | 23.66% | 2.00% | 8.19% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | £921.81M | 114.73 | 4.88% | ― | ― | ― | |
56 Neutral | £218.91M | 88.18 | 10.42% | ― | ― | ― | |
54 Neutral | £210.88M | -4.02 | -31.21% | ― | -16.33% | -448.12% | |
41 Neutral | £2.45M | -1.02 | ― | ― | -1.05% | -8.05% |
* Technology Sector Average
GB:TRAC
t42 IoT Tracking Solutions PLC
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1.55
86.11%
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t42 IoT Tracking Solutions PLC Corporate Events
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and FinancingShareholder Meetings
t42 IoT Tracking Solutions Reshapes Board Incentives and Capital Structure After AGM
Positive
Jan 5, 2026
t42 IoT Tracking Solutions has confirmed that all resolutions at its 31 December 2025 AGM were passed, paving the way for a fresh package of director and PDMR share options, the partial equity settlement of outstanding board remuneration and the a...
Business Operations and StrategyShareholder Meetings
t42 IoT Tracking Solutions Sets Date for 2025 Annual General Meeting
Neutral
Dec 18, 2025
t42 IoT Tracking Solutions plc, a provider of global shipping container tracking and IoT-based freight monitoring solutions, has published the notice of its Annual General Meeting, which will be held on 31 December 2025 at 11:00 a.m. GMT in Hod Ha...
Business Operations and Strategy
t42 IoT Tracking Solutions Appoints New Broker
Positive
Dec 1, 2025
t42 IoT Tracking Solutions plc has appointed Stand House Limited as its new broker, effective immediately. This strategic move is expected to enhance the company’s market operations and strengthen its industry positioning, potentially benefi...
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.