Xaar plc (XAR) AI Stock Analysis

• Market Cap: £99.67M
• Dividend Yield: N/A
• Average Volume (3M): 123.00K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.81
• Revenue Growth: -7.35%
• EPS Growth: -222.10%
• Country: UK
• Employees: 331
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): >-0.01
• Shares Outstanding: 79,783,940
• 10 Day Avg. Volume: 71,364
• 30 Day Avg. Volume: 123,000
• PEG Ratio: -0.01
• Price to Book (P/B): 0.90
• Price to Sales (P/S): 0.91
• P/FCF Ratio: 10.07
• 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: £160.00
• Price Target Upside: 38.53% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: 116.00p ▲(0.43% Upside)

Xaar plc's overall stock score is primarily impacted by its financial performance, which is challenged by declining revenue and profitability despite a strong equity position. Technical analysis indicates bearish momentum, further weighing on the score. The negative P/E ratio and lack of dividend yield highlight valuation concerns. The absence of earnings call and corporate events data means these factors do not influence the score.

Positive Factors

Strong Equity Position

A strong equity position with low leverage provides financial stability, allowing Xaar to withstand market fluctuations and invest in growth opportunities.

Improved Free Cash Flow

Improved free cash flow indicates better cash generation, enhancing Xaar's ability to reinvest in its business and support operational needs.

Innovative Product Offerings

Xaar's focus on innovation in digital inkjet printing positions it well in the industrial printing sector, potentially driving long-term growth and market share expansion.

Negative Factors

Declining Revenue

Declining revenue growth poses a challenge to Xaar's market position and could impact its ability to invest in new technologies and maintain competitive advantages.

Profitability Issues

Ongoing profitability issues may limit Xaar's ability to reinvest in its business, potentially hindering long-term growth and operational efficiency.

Operational Inefficiencies

Operational inefficiencies can lead to increased costs and reduced competitiveness, affecting Xaar's ability to sustain margins and improve profitability over time.

Xaar plc Business Overview & Revenue Model

Company Description

Xaar plc designs, develops, manufactures, markets, and sells printheads and associated products in Europe, the Middle East, Africa, Asia, and the Americas. It operates through three segments: Printhead, Product Print Systems, and Digital Imaging segments. The company offers print head products; digital imaging solutions, comprising digital inkjet label presses and digital pathology scanners; industrial ink management and supply systems for digital inkjet; industrial printing machines; and system components, such as ink system test kit, print manager, hydra ink supply system, midas ink supply system, inkjet development system, head personality card 3 and 6, and 2001+ head personality card. Its products are used in 3D printing, ceramic tile decoration, coding and marking, decorative laminates, direct-to-shape, functional fluid deposition, glass printing, graphics, primary labels, packaging, and product printing. The company was founded in 1990 and is headquartered in Cambridge, the United Kingdom.

How the Company Makes Money

Xaar generates revenue primarily through the sale of its inkjet printheads and associated products, which are sold to manufacturers and businesses in various sectors. Key revenue streams include direct sales of printheads, components, and systems, as well as recurring income from consumables such as inks and maintenance services. The company also engages in partnerships with equipment manufacturers and technology providers to integrate its printheads into broader printing solutions, which can lead to additional revenue opportunities. Xaar's focus on research and development enables it to maintain a competitive edge, continually innovating and expanding its product offerings to meet evolving market demands.

Xaar plc Financial Statement Overview

Summary

Xaar plc faces challenges with declining revenue and profitability, as highlighted by negative profit margins and a negative Return on Equity. However, the company maintains a strong equity position with low leverage, which provides financial stability. The improvement in Free Cash Flow is a positive sign, but overall performance is hindered by ongoing operational inefficiencies and profitability issues.

Income Statement

Xaar plc has experienced declining revenue over the past year, with a Revenue Growth Rate of -13.03%. The Gross Profit Margin stands at 36.18%, which is a decrease from the previous year. The company is struggling with profitability, as evidenced by negative Net Profit Margin and EBIT Margin values of -17.41% and -18.01%, respectively. EBITDA Margin is slightly better at -7.20%, but still negative, indicating challenges in covering operating expenses.

Balance Sheet

The balance sheet shows a solid Equity Ratio of 77.06%, suggesting a strong reliance on equity financing. However, the Return on Equity is negative at -17.19%, reflecting net losses. The Debt-to-Equity Ratio is low at 0.10, indicating low leverage and a conservative capital structure. Despite these strengths, the company’s profitability issues remain a concern.

Cash Flow

Xaar plc's Free Cash Flow has improved from a negative position last year to a positive Free Cash Flow of 5.58 million. The Operating Cash Flow to Net Income Ratio stands at -0.62, showing a disconnect between reported earnings and cash generation. The Free Cash Flow to Net Income Ratio is favorable at -0.52, indicating some level of efficiency in converting earnings into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	59.98M	61.41M	70.61M	72.78M	59.25M	47.98M
Gross Profit	21.18M	22.22M	26.89M	28.64M	20.19M	13.01M
EBITDA	-6.43M	-4.42M	3.45M	6.03M	5.90M	288.00K
Net Income	-11.19M	-10.69M	-2.17M	1.63M	16.22M	-11.69M
Balance Sheet
Total Assets	74.99M	80.69M	97.26M	102.44M	103.94M	73.54M
Cash, Cash Equivalents and Short-Term Investments	6.79M	10.56M	9.46M	9.06M	25.05M	18.12M
Total Debt	5.34M	6.49M	10.10M	9.21M	9.19M	2.58M
Total Liabilities	16.36M	18.50M	25.43M	30.67M	35.14M	17.38M
Stockholders Equity	58.62M	62.18M	71.83M	71.77M	68.80M	52.39M
Cash Flow
Free Cash Flow	589.00K	5.58M	-2.39M	-10.89M	-3.97M	-3.90M
Operating Cash Flow	1.94M	6.60M	-449.00K	-5.50M	-2.05M	-2.81M
Investing Cash Flow	-1.78M	-768.00K	570.00K	-8.63M	7.81M	-636.00K
Financing Cash Flow	-4.08M	-4.29M	-1.35M	-2.92M	-674.00K	-1.22M

Xaar plc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 115.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:XAR, the sentiment is Negative. The current price of 115.5 is below the 20-day moving average (MA) of 120.25, below the 50-day MA of 122.46, and above the 200-day MA of 110.31, indicating a neutral trend. The MACD of -1.81 indicates Positive momentum. The RSI at 43.55 is Neutral, neither overbought nor oversold. The STOCH value of 29.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:XAR.

Xaar plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SDI	67 Neutral	£84.70M	21.26	8.38%	―	0.50%	-6.16%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
GHH	56 Neutral	£155.04M	28.39	4.79%	2.79%	1.74%	359.50%
TTG	56 Neutral	£265.59M	-3.81	-31.42%	―	-16.33%	-448.12%
SOLI	55 Neutral	£81.00M	158.33	0.81%	1.79%	-23.42%	-94.25%
XAR	48 Neutral	£99.67M	-8.91	-16.64%	―	-7.35%	-222.10%
KETL	46 Neutral	£78.98M	10.30	18.63%	―	-3.41%	58.10%

Xaar plc Corporate Events

Xaar plc Announces Total Voting Rights Update

Xaar plc has announced its total voting rights, with the company’s issued share capital consisting of 79,783,945 ordinary shares as of October 31, 2025. This figure is crucial for shareholders to determine their required notifications under the FCA’s Disclosure and Transparency Rules, impacting how stakeholders manage their interests in the company.

The most recent analyst rating on (GB:XAR) stock is a Hold with a £126.00 price target. To see the full list of analyst forecasts on Xaar plc stock, see the GB:XAR Stock Forecast page.

Xaar plc Grants Share Options to COO Under Sharesave Plan

Xaar plc, a leader in the field of inkjet printing technology, has announced a significant transaction involving its Chief Operating Officer, Graham Tweedale. On 21 October 2025, Tweedale was granted options over 5,673 ordinary shares at a price of £1.068 each under the company’s 2017 Sharesave Plan. This move is part of Xaar’s ongoing efforts to align management interests with shareholder value, potentially impacting the company’s operational focus and market positioning.

The most recent analyst rating on (GB:XAR) stock is a Hold with a £118.00 price target. To see the full list of analyst forecasts on Xaar plc stock, see the GB:XAR Stock Forecast page.

Xaar plc Director Purchases Shares Under Regulatory Compliance

Xaar plc announced a transaction involving its Non-Executive Director, Ms. Jacqueline Sutton, who purchased 4,107 ordinary shares at a price of £1.20825 per share. This transaction, conducted in London, is part of the regulatory requirements under the UK Market Abuse Regulation, highlighting the company’s commitment to transparency and compliance.

The most recent analyst rating on (GB:XAR) stock is a Hold with a £119.00 price target. To see the full list of analyst forecasts on Xaar plc stock, see the GB:XAR Stock Forecast page.

Xaar plc Announces Director’s Share Transaction

Xaar plc, a company involved in the technology sector, announced a transaction involving its Non-Executive Director, Mr. Ben Stocks. The transaction, which took place on October 1, 2025, involved the purchase of 16,114 ordinary shares by Mrs. Sara Stocks, Mr. Stocks’ wife, at a price of £1.285 per share. This transaction was conducted in accordance with the UK Market Abuse Regulation and has been duly notified to the Financial Conduct Authority.

The most recent analyst rating on (GB:XAR) stock is a Hold with a £119.00 price target. To see the full list of analyst forecasts on Xaar plc stock, see the GB:XAR Stock Forecast page.

Xaar plc Director Purchases Shares, Signaling Confidence

Xaar plc announced a transaction involving Dr. Inken Braunschmidt, a Non-Executive Director, who purchased 4,000 ordinary shares at a price of £1.28 per share. This transaction, compliant with UK Market Abuse Regulation, reflects confidence in the company’s future prospects and may influence stakeholder perceptions positively.

The most recent analyst rating on (GB:XAR) stock is a Hold with a £119.00 price target. To see the full list of analyst forecasts on Xaar plc stock, see the GB:XAR Stock Forecast page.

Xaar plc Updates Total Voting Rights and Share Capital Structure

Xaar plc announced that its issued share capital comprises 79,767,612 ordinary shares, with no shares held in treasury. This figure is significant for shareholders for calculating their interests under the FCA’s Disclosure and Transparency Rules, impacting how they manage their stakes in the company.

The most recent analyst rating on (GB:XAR) stock is a Hold with a £119.00 price target. To see the full list of analyst forecasts on Xaar plc stock, see the GB:XAR Stock Forecast page.

Xaar plc Maintains Positive Outlook Amid New Market Opportunities and Tax Liabilities

Xaar plc has announced a trading update, maintaining confidence in its financial performance for the year ending 31 December 2025, with new market initiatives progressing as planned. The company has identified historic tax liabilities in an overseas jurisdiction, estimated between £3 million and £4 million, which are not expected to affect future trading. Additionally, Ben Stocks has joined as Chairman and Independent Non-Executive Director, expressing optimism about Xaar’s growth potential.

The most recent analyst rating on (GB:XAR) stock is a Hold with a £119.00 price target. To see the full list of analyst forecasts on Xaar plc stock, see the GB:XAR Stock Forecast page.

Xaar plc Announces Total Voting Rights Update

Xaar plc has announced that its issued share capital consists of 79,767,031 ordinary shares, with no shares held in treasury. This figure is significant for shareholders as it determines the total number of voting rights, impacting their obligations under the FCA’s Disclosure and Transparency Rules.

The most recent analyst rating on (GB:XAR) stock is a Hold with a £116.00 price target. To see the full list of analyst forecasts on Xaar plc stock, see the GB:XAR Stock Forecast page.

Xaar plc Reports Revenue Growth Amid Strategic Market Expansion

Xaar plc reported a 7% increase in revenue for the first half of 2025, driven by significant growth in the jewellery wax market and new business in printhead technology. Despite challenges in the Engineered Print Systems segment due to tariff uncertainties, the company remains optimistic about its medium-term growth prospects, particularly in the EV battery coating and automotive coating markets. The company is strategically positioned to capitalize on sustainable manufacturing trends, with ongoing investments in R&D and collaborations with key industry players.