Want to see GB:FORG full AI Analyst Report?
EQTEC plc (FORG) AI Stock Analysis
EQTEC plc
(LSE:FORG)
Score driven by poor financial performance (persistent losses, high leverage, negative cash flows) as top factor; weak technicals with price far below moving averages reinforce downtrend; unappealing valuation from negative P/E and no yield.
EQTEC plc (FORG) vs. iShares MSCI United Kingdom ETF (EWC)
- Market Cap
- GBP 271.56K
- Dividend Yield
- ―
- Average Volume (3M)
- 1.50B
- Price to Earnings (P/E)
- -0.0
- Beta (1Y)
- -1.65
- Revenue Growth
- -57.56%
- EPS Growth
- 63.30%
- Country
- UK
- Employees
- 28
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Diversified Utilities
EQTEC plc Business Overview & Revenue Model
Company Description
EQTEC plc licenses and sells its proprietary gasification technology that generates green energy from waste, biomass, and plastics primarily in Ireland, Spain, and the United Kingdom. The company's gasification technology produces energy from various...
How the Company Makes Money
EQTEC generates revenue through the sale and licensing of its proprietary gasification technology, as well as through the development and operation of energy projects that utilize its systems. Key revenue streams include project development fees, tec...
EQTEC plc Financial Statement Overview
Summary
Weak profitability with negative net income, EBIT, EBITDA; revenue grew 51.9% recently but instability persists; rising debt-to-equity at 0.89; ROE -261.3%; chronic negative cash flows despite minor FCF improvement.
Income Statement
33NegativeBalance Sheet
35NegativeCash Flow
31Negative| Breakdown | TTM | Jun 2025 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.20M | 2.20M | 2.55M | 7.97M | 9.17M | 2.23M |
| Gross Profit | 1.04M | 1.16M | 372.63K | 967.76K | 1.63M | 255.74K |
| EBITDA | -8.96M | -16.72M | -22.29M | -9.48M | -2.70M | -4.60M |
| Net Income | -19.42M | -19.42M | -23.51M | -10.53M | -4.70M | -5.76M |
Balance Sheet | ||||||
| Total Assets | 13.70M | 13.70M | 29.62M | 49.62M | 50.56M | 29.70M |
| Cash, Cash Equivalents and Short-Term Investments | 306.93K | 306.93K | 262.02K | 1.69M | 6.45M | 6.39M |
| Total Debt | 6.63M | 6.63M | 5.55M | 6.23M | 257.71K | 1.21M |
| Total Liabilities | 8.69M | 8.69M | 8.40M | 12.49M | 7.18M | 4.40M |
| Stockholders Equity | 7.43M | 7.43M | 23.52M | 39.39M | 45.76M | 27.52M |
Cash Flow | ||||||
| Free Cash Flow | -3.91M | -3.90M | -5.43M | -11.00M | -8.54M | -3.71M |
| Operating Cash Flow | -3.91M | -3.90M | -5.41M | -10.34M | -7.54M | -3.54M |
| Investing Cash Flow | 2.66M | 2.66M | 158.85K | -4.34M | -8.88M | -1.52M |
| Financing Cash Flow | 1.40M | 1.39M | 3.68M | 9.93M | 16.60M | 10.73M |
EQTEC plc Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:FORG, the sentiment is Negative. The current price of 0.01 is above the 20-day moving average (MA) of 0.01, above the 50-day MA of 0.01, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 41.70 is Neutral, 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:FORG.
EQTEC plc Peers Comparison
Overall Rating
GB:IES46Neutral
GB:PHE46Neutral
GB:HUI42Neutral
GB:CPH239Underperform- GB:FORG34Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| GB:IES | 46Neutral | GBP 62.66M | -2.22 | -43.20% | ― | 148.29% | -14.06% |
| GB:PHE | 46Neutral | GBP 9.22M | -9.00 | -44.36% | ― | 103.02% | 69.23% |
| GB:HUI | 42Neutral | GBP 9.74M | -9.32 | -62.70% | ― | ― | -187.50% |
| GB:CPH2 | 39Underperform | GBP 10.92M | -0.52 | -88.63% | ― | ― | ― |
| GB:FORG | 34Underperform | GBP 6.43M | -0.01 | -254.86% | ― | -57.56% | 63.30% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| GB:FORG | EQTEC plc | 0.01 | -0.24 | -95.60% | |
| GB:IES | Invinity Energy Systems PLC | 11.00 | -10.50 | -48.84% | |
| GB:PHE | Powerhouse Energy | 0.18 | -0.34 | -65.38% | |
| GB:HUI | Hydrogen Utopia International PLC | 2.05 | 0.45 | 28.12% | |
| GB:CPH2 | Clean Power Hydrogen PLC | 1.10 | -3.30 | -75.00% |
EQTEC plc Corporate Events
Forgent’s Peak Hill Drilling Uncovers New Gold Corridor and Accelerates Phase 2 Exploration
PositiveForgent plc reported encouraging assay results from its maiden Phase 1 drilling campaign at the Peak Hill Gold-Copper Project in Western Australia, confirming multiple zones of shallow gold mineralisation and validating historical exploration data. T...
Forgent plc Seeks Shareholder Backing for Strategic Pivot to Australian Metals
PositiveForgent plc, traded on AIM, is pivoting from its historic role as a clean tech and waste-to-energy gasification specialist toward a mining-led energy transition model focused on critical and precious metals in Western Australia. The group has already...
Forgent Completes Phase 1 Drilling at Peak Hills Gold-Copper Project
PositiveForgent plc has completed Phase 1 drilling at its Peak Hills gold-copper project in Western Australia, advancing work across the Karalundi, Junction and Curleys prospects. The programme aimed to validate historic exploration, extend known mineralisat...
Forgent Launches Maiden Drilling at Peak Hills Gold-Copper Project
PositiveForgent plc has commenced its maiden drilling campaign at the Peak Hills gold-copper project in Western Australia, a 163 km² exploration area across five granted tenements. The company currently owns 51% of the project, with an option to lift it...
Forgent Mobilises Drill Rig for Peak Hills Gold-Copper Campaign in Western Australia
PositiveForgent plc has mobilised a drill rig to its Peak Hills gold-copper project in Western Australia, initiating a Phase 1 aircore drilling programme aimed at multiple high-priority targets. The company plans around 42 drill holes to a depth of up to 100...
Forgent Plans Live Investor Presentation to Engage Shareholders
PositiveForgent plc will host a live audio investor presentation via the Investor Meet Company platform on 17 June 2026 at 14:00 BST, open to both existing and potential shareholders who can register online. The event underscores Forgent’s efforts to d...
Forgent pivots from pure energy transition to Australian mining-led growth
PositiveForgent reported audited 2025 results alongside a sweeping strategic reset, including new leadership, a slimmer cost base and a shift to a dual focus on energy transition technology and critical and precious metals. The board undertook debt restructu...
Forgent Unveils Bonanza Copper-Gold Grades at Green Rocks in Western Australia
PositiveForgent plc has reported exceptionally high-grade assay results from its maiden surface sampling programme at the Green Rocks copper-gold project in Western Australia, with copper grades reaching up to 29.4% and gold grades up to 4.8 g/t. The 110-sam...
Forgent Secures Option on Major Mount Sholl Nickel-Copper-PGE Project in Pilbara
PositiveForgent plc has secured an exclusive five-month option to acquire an 80% interest in the Mount Sholl nickel-copper-PGE project in Western Australia from Raiden Resources, in a deal valued at A$2.7 million split equally between cash and shares if exer...
Forgent to Launch First Drilling Campaign at Peak Hills Gold-Copper Project
PositiveForgent plc, a technology-led energy transition company with a focus on critical and precious metals, is advancing its Peak Hills gold-copper exploration project in Western Australia, where it holds a majority stake and aims to expand its ownership....
Forgent wins drilling approval for maiden Peak Hills gold-copper campaign
PositiveForgent plc has secured Department of Mines, Petroleum and Exploration approval for its Programmes of Work at the Peak Hills gold-copper project, marking a shift from evaluation to active field exploration. The company views Peak Hills as a large-sca...
Forgent Moves Toward Summer Drilling at High-Potential Peak Hill Gold-Copper Project
PositiveForgent plc has submitted a Program of Work to Western Australian regulators for its maiden drilling campaign at the Peak Hill gold-copper project, paving the way for aircore drilling to start in summer 2026 once approvals are secured. The company ha...
Forgent raises £1.3m, secures 51% of Peak Hills and restructures debt into equity
NeutralForgent plc has completed an equity fundraise of £1.3 million through a placing of new shares and has exercised its option to acquire a 51% stake in the Peak Hills project, paying part in cash and part in equity. The company has also extended it...
Forgent Ends Legacy North Fork Legal Dispute, Clears Path for Strategy Execution
PositiveForgent plc has reached a full and final settlement of a legacy legal dispute linked to the North Fork project, where it was a joint defendant alongside several other parties, including director David Palumbo. The litigation, brought by former tax-cr...
Forgent wins EGM backing to proceed with £1.3m placing and Peak Hills deal
PositiveForgent plc has secured shareholder approval for all resolutions tabled at its Extraordinary General Meeting, held earlier today, via a poll vote. The company confirmed that voting results will be posted on its website, with ordinary and special reso...
Forgent completes maiden sampling at Green Rock copper-gold project
PositiveForgent plc has completed its maiden field programme at the Green Rock Copper Gold Project in Western Australia, where it carried out an initial site visit and systematic rock chip sampling across the licence area. The company collected 111 rock chip...
Forgent reshapes board with new Finance Director and interim chair
PositiveForgent plc has appointed its existing CFO and Company Secretary, Gerry Madden, to the Board as Finance Director, strengthening its leadership team as it pursues strategic plans and continues to streamline its cost base. Madden, a seasoned finance pr...
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: Jan 29, 2026