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Craneware (CRW) AI Stock Analysis

GB:CRW

Craneware

(LSE:CRW)

Select Model
Rating:62Neutral
Price Target:GBX 1,056.00â–²(0.76% Upside)
Action:reiterated
Date:09/22/26

The score is supported primarily by solid underlying financial quality (low leverage, solid profitability, and strong latest free-cash-flow conversion) and a moderately supportive dividend. It is held back by weak technical momentum (price below all major moving averages with negative MACD) and mixed forward outlook from the earnings call, including a fiscal 2027 revenue reset and uncertainty tied to 340B disruption and cyberattack-related costs.

Positive Factors
Recurring revenue and retentionA substantial recurring revenue base with approximately 100% net revenue retention and customer retention above 90% supports visibility and reduces dependence on new bookings. These characteristics also create opportunities to expand module adoption within established hospital relationships over the next several quarters.
Negative Factors
340B exposure and revenue resetThe fiscal 2027 revenue reset indicates that growth has been deferred while Craneware faces uncertainty in the 340B market. Restrictions on 340B pricing and changing business models may continue to pressure transactional revenue, making near-term growth less predictable despite stable ARR.

Craneware (CRW) vs. iShares MSCI United Kingdom ETF (EWC)

-60%-40%-20%0%20%40%GB:CRW-53.95%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
GBP 358.81M
Dividend Yield
3.20%
Average Volume (3M)
248.03K
Price to Earnings (P/E)
25.1
Beta (1Y)
0.85
Revenue Growth
-3.45%
EPS Growth
-1.68%
Country
UK
Employees
765
Sector
Healthcare
Sector Strength
51
Industry
Medical - Healthcare Information Services

Craneware Business Overview & Revenue Model

Company Description

Craneware plc, with its associated entities, is dedicated to creating, distributing, and maintaining cutting-edge software applications tailored for the U.S. healthcare industry. Its extensive suite of products is designed to streamline and improve a...

How the Company Makes Money

Craneware makes money primarily by licensing and providing access to its healthcare software solutions and by delivering associated services that support implementation, optimization, and ongoing customer use. Key revenue streams typically include: -...

Craneware Earnings Call Summary

Earnings Call Date:Sep 20, 2026(Q4-2026)|% Change Since:-21.91%|Next Earnings Date:Mar 07, 2027
Earnings Call SentimentNeutral

The call had a mixed but cautiously constructive tone. Management emphasized strong ARR, customer retention, cash generation, liquidity, long-term customer relationships, continued product investment, and customer support following the cyber incident. However, these positives were offset by revenue growth falling below expectations, the fiscal 2027 revenue reset to approximately $185 million, 340B-related transactional revenue pressure, lower gross margin, cybersecurity-related data exposure and unknown costs, and continued regulatory uncertainty. Management expects a return to growth and 30% plus margins in fiscal 2028, but fiscal 2027 is positioned as a transition year.

Positive Updates

Resilient Recurring Revenue Base
Annual recurring revenue remained steady at $185 million, recurring revenue was $185 million, net revenue retention was approximately 100%, and customer retention was greater than 90% by all measures.

Negative Updates

Fiscal 2026 Results Below Expectations
Management said it was deeply disappointed by the fiscal 2026 results and acknowledged that the financial outcome, particularly revenue growth, was below expectations.

Company Guidance

For fiscal year ’27, Craneware reset revenue expectations to approximately the level of current ARR, with $185 million as the starting ARR and expected fiscal year ’27 ARR of $185 million; the company is still modeling approximately 100% NRR and is not expecting a drop in ARR. The cost review will be ongoing through the course of this year, with margins not expected to return to 30% plus by the end of this calendar year, but tracking somewhere in the mid- to high 20% margins, while the exit run rate by the end of fiscal ’27 is expected to be aligned to take the company into a 30% plus margin for fiscal ’28. The company expects to return to growth at least into fiscal ’28 and to return to far more positive margins by fiscal ’28, while the cost of the cyberattack remains too hard to quantify and its full impact may take a number of periods, so may extend into future financial years.

Craneware Financial Statement Overview

Summary

Overall financials appear healthy with solid profitability, strong equity backing, and low leverage (debt ~0.15x equity). Free cash flow conversion is strong in the latest year (FCF ~0.99x net income), but revenue softened in the most recent year and both gross margin and operating cash flow have shown notable volatility, reducing predictability.

Income Statement

72Positive

Balance Sheet

80Positive

Cash Flow

70Positive
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue204.49M206.47M205.66M189.27M174.02M165.54M
Gross Profit137.46M138.75M179.27M162.20M148.44M142.37M
EBITDA61.66M62.26M58.61M54.26M51.60M47.54M
Net Income19.59M19.78M19.66M11.70M9.23M9.41M
Balance Sheet
Total Assets524.46M524.46M551.06M543.65M576.98M568.79M
Cash, Cash Equivalents and Short-Term Investments55.10M55.10M55.92M34.59M78.54M47.16M
Total Debt46.77M46.77M31.65M40.15M86.69M115.52M
Total Liabilities204.14M204.14M213.50M215.06M249.13M235.77M
Stockholders Equity320.31M320.31M337.56M328.59M327.84M333.02M
Cash Flow
Free Cash Flow41.47M42.26M59.41M24.91M83.20M12.93M
Operating Cash Flow41.94M42.74M59.90M41.86M98.75M26.96M
Investing Cash Flow-17.19M-17.40M-13.98M-15.81M-15.34M-307.32M
Financing Cash Flow-26.13M-26.44M-24.58M-70.00M-53.28M91.90M

Craneware Technical Analysis

Technical Analysis SentimentNegative
Last Price1048.00

Price Trends

50DMA1173.76Negative
100DMA1223.06Negative
200DMA1356.29Negative

Market Momentum

MACD-20.04Negative
RSI37.34Neutral
STOCH15.38Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CRW, the sentiment is Negative. The current price of 1048.00 is below the 20-day moving average (MA) of 1087.10, below the 50-day MA of 1173.76, and below the 200-day MA of 1356.29, indicating a bearish trend. The MACD of -20.04 indicates Negative momentum. The RSI at 37.34 is Neutral, neither overbought nor oversold. The STOCH value of 15.38 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:CRW.

Craneware Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

GB:CRW against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
GB:KOOGB:KOO72OutperformGBP 69.14M11.5217.74%―-6.51%108.62%
GB:IXIGB:IXI64NeutralGBP 25.73M-5.99-16.18%―13.04%15.88%
GB:CRWGB:CRW62NeutralGBP 356.58M25.075.94%3.20%-3.45%-1.68%
GB:DXRXGB:DXRX59NeutralGBP 172.63M-635.94-0.68%―20.14%82.22%
GB:OPTGB:OPT56NeutralGBP 269.22M156.650.83%―14.84%-15.14%
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%
GB:COGGB:COG44NeutralGBP 15.11M-9.30-54.17%―11.86%23.81%

* Healthcare Sector Average

Performance Comparison

-50%-25%0%25%GB:CRWGB:COGGB:IXIGB:KOOGB:DXRXGB:OPTDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
GB:CRW and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:CRWCraneware Plc1048.00-1159.15-52.52%
GB:COGCambridge Cognition Holdings28.00-5.00-15.15%
GB:IXIIXICO plc11.750.252.17%
GB:KOOKooth Plc190.0058.0043.94%
GB:DXRXDiaceutics Plc203.5041.0025.23%
GB:OPTOptima Health PLC247.5046.0322.85%

Craneware Corporate Events

Regulatory Filings and Compliance

Craneware Audit Chair Susan Nelson Buys Shares, Aligning Further With Investors

Positive
Sep 22, 2026

Craneware plc, a specialist in healthcare financial performance and operational transformation, develops cloud‑based analytics and revenue optimization tools for hospitals and health systems. Its Trisus ecosystem integrates data and intelligenc...

Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresRegulatory Filings and Compliance

Craneware Holds Earnings Steady, Resets Guidance After Cyber Incident and 340B Headwinds

Positive
Sep 21, 2026

Craneware reported resilient full-year results for FY26, with revenue broadly flat at $206m, annual recurring revenue steady at $185m and adjusted EBITDA up 3%, supported by high operating cash conversion and strong customer retention. The group main...

Business Operations and StrategyFinancial Disclosures

Craneware Sets Dates for FY26 Results and Investor Presentations

Positive
Sep 16, 2026

Craneware plc, a specialist in healthcare financial performance solutions, is preparing to unveil its audited final results for the year ended 30 June 2026. The company, which offers the Trisus cloud ecosystem to unify data and analytics for hospital...

Business Operations and StrategyRegulatory Filings and Compliance

Craneware Reports Contained Cyber Breach With Limited Operational Impact

Negative
Jul 20, 2026

Craneware has disclosed a cyber security incident involving unauthorised access to a subset of its data environment, prompting activation of its incident response plan and the engagement of external cyber security and forensic specialists alongside i...

Other

Craneware CEO Boosts Stake Through Pension Share Purchase

Positive
Jul 6, 2026

Craneware plc reported that the pension scheme of chief executive Keith Neilson purchased 9,074 ordinary shares at 1,102 pence each on 6 July 2026. Following this transaction, Neilson’s total holding stands at 3,223,545 shares, representing 9.4...

Business Operations and Strategy

Craneware Chair Boosts Stake in Healthcare Finance Specialist

Positive
Jul 3, 2026

Craneware plc, a specialist in healthcare financial performance and operational transformation solutions, leverages its Trisus cloud ecosystem to unify data, revenue intelligence and margin analytics for healthcare providers. Its technology suite, su...

Business Operations and StrategyFinancial Disclosures

Craneware Flags FY26 Miss as 340B Slowdown Delays Growth

Negative
Jul 3, 2026

Craneware warned that its financial performance for the year to 30 June 2026 will fall short of market expectations, with revenue forecast at US$205–208 million and adjusted EBITDA at US$65–67 million, broadly flat on the prior year. The...

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.

Date of analysis: Sep 22, 2026