Want to see GB:HDD full AI Analyst Report?
Top Page
Hardide
(LSE:HDD)
Select Model
Select Model
Rating:56Neutral
Price Target:
97.00 p
▲(2.11% Upside)
Action:Reiterated
Date:09/15/26
The score is mainly driven by improving financial performance from a FY2025 turnaround (growth, renewed profitability, and positive free cash flow), tempered by higher leverage and still-thin margins. Technically, the stock remains in a broader uptrend but with mixed near-term momentum signals. Valuation is a key drag due to the high P/E and lack of dividend support.
Positive Factors
FY2025 Earnings Turnaround
The sharp FY2025 revenue increase and return to positive earnings mark a meaningful operating inflection after several loss-making years. If the stronger demand level persists, improved scale can support further earnings recovery and strengthen the company’s ability to fund operations internally.
Negative Factors
Thin Profitability and Volatility
Although profitability has returned, a net margin of roughly 3% leaves limited protection against weaker demand or higher costs. The preceding multi-year loss period also shows that earnings remain sensitive to operating conditions, making the recovery less durable until margins expand.
Read all positive and negative factors
Positive Factors
Negative Factors
FY2025 Earnings Turnaround
The sharp FY2025 revenue increase and return to positive earnings mark a meaningful operating inflection after several loss-making years. If the stronger demand level persists, improved scale can support further earnings recovery and strengthen the company’s ability to fund operations internally.
Read all positive factors
Hardide (HDD) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£77.63M
Dividend YieldN/A
Average Volume (3M)172.59K
Price to Earnings (P/E)52.7
Beta (1Y)0.79
Revenue Growth48.07%
EPS GrowthN/A
CountryUK
Employees30
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)0.02
Shares Outstanding78,812,750
10 Day Avg. Volume165,517
30 Day Avg. Volume172,591
Financial Highlights & Ratios
PEG Ratio-0.29
Price to Book (P/B)1.50
Price to Sales (P/S)0.96
P/FCF Ratio9.78
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
Hardide Business Overview & Revenue Model
Company Description
Operating globally, Hardide plc specializes in the development and supply of cutting-edge tungsten carbide/tungsten metal matrix composite coatings. These high-performance products serve a wide array of critical industries, including energy, aeros...
How the Company Makes Money
Hardide makes money primarily by providing coating services: customers (typically industrial OEMs, service companies, or end users) supply parts/components that Hardide coats using its proprietary tungsten carbide-based process, and Hardide invoic...
Hardide Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
50
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.42M | 6.03M | 4.73M | 5.50M | 5.01M | 3.60M |
| Gross Profit | 4.71M | 2.69M | 2.28M | 2.61M | 1.88M | 1.31M |
| EBITDA | 2.53M | 1.03M | -363.00K | -165.00K | -937.00K | -1.69M |
| Net Income | 1.47M | 178.00K | -1.32M | -1.12M | -2.19M | -2.80M |
Balance Sheet | ||||||
| Total Assets | 8.71M | 7.61M | 7.75M | 8.40M | 9.73M | 10.76M |
| Cash, Cash Equivalents and Short-Term Investments | 1.49M | 827.00K | 700.00K | 740.00K | 693.00K | 1.54M |
| Total Debt | 2.22M | 4.09M | 2.81M | 3.05M | 2.96M | 2.95M |
| Total Liabilities | 3.55M | 3.73M | 4.09M | 4.11M | 4.21M | 3.84M |
| Stockholders Equity | 5.17M | 3.88M | 3.66M | 4.29M | 5.53M | 6.91M |
Cash Flow | ||||||
| Free Cash Flow | 904.00K | 594.00K | -486.00K | 56.00K | -1.31M | -2.25M |
| Operating Cash Flow | 1.11M | 663.00K | -422.00K | 166.00K | -1.01M | -1.94M |
| Investing Cash Flow | -207.00K | -69.00K | -64.00K | -110.00K | -292.00K | -299.00K |
| Financing Cash Flow | -399.00K | -449.00K | 434.00K | -98.00K | 322.00K | 943.00K |
Hardide Technical Analysis
Positive
95.00
Price Trends
94.11
Positive
79.78
Positive
53.58
Positive
Market Momentum
2.58
Negative
59.11
Neutral
72.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:HDD, the sentiment is Positive. The current price of 95 is above the 20-day moving average (MA) of 92.92, above the 50-day MA of 94.11, and above the 200-day MA of 53.58, indicating a bullish trend. The MACD of 2.58 indicates Negative momentum. The RSI at 59.11 is Neutral, neither overbought nor oversold. The STOCH value of 72.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:HDD.
Hardide Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | £998.62M | 18.05 | 11.29% | 1.89% | -11.73% | ― | |
56 Neutral | £77.63M | 52.67 | 32.49% | ― | 48.07% | ― | |
53 Neutral | £175.09M | -1.46 | -13.27% | 9.77% | -4.98% | -43.98% | |
45 Neutral | £25.66M | -2.36 | -85.45% | ― | ― | ― |
* Basic Materials Sector Average
GB:HDD
Hardide
98.50
91.25
1258.62%
GB:ELM
Elementis
176.60
18.17
11.47%
GB:HAYD
Haydale Graphene
0.33
-0.32
-49.23%
GB:SYNT
Synthomer
106.80
38.30
55.91%
Hardide Corporate Events
Business Operations and Strategy
Hardide wins $1.9m order for second-generation energy components
Positive
Sep 14, 2026
Hardide plc, a specialist in advanced tungsten carbide coatings for demanding industrial applications, serves leading customers in the energy, valve and pump, industrial gas turbine, precision engineering and aerospace sectors. Its technology is d...
Business Operations and StrategyRegulatory Filings and ComplianceShareholder Meetings
Hardide Capital Reduction Takes Effect After Court Approval
Positive
Aug 12, 2026
Hardide plc, the AIM-quoted developer of advanced tungsten carbide and tungsten metal matrix coatings for industrial and aerospace components, provides specialised surface technologies that increase durability and reduce downtime in harsh operatin...
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresPrivate Placements and Financing
Hardide lifts outlook, doubles revenue ambitions and invests in new coating capacity
Positive
Jul 22, 2026
Hardide reported strong trading momentum for the financial year to 30 September 2026, with third-quarter revenues of £4.1m taking year-to-date sales to £8.9m and operating margins ahead of expectations. The Board now anticipates full-yea...
Business Operations and StrategyRegulatory Filings and ComplianceShareholder Meetings
Hardide Shareholders Back Capital Reduction Ahead of Court Approval
Positive
Jul 21, 2026
Shareholders of Hardide plc have overwhelmingly approved a proposed capital reduction at the company’s General Meeting, with all three resolutions passing with more than 99.9% of votes cast in favour. The move reflects strong investor suppor...
Business Operations and StrategyShareholder Meetings
Hardide Plans Capital Reduction to Create Distributable Reserves and Cut Dilution
Positive
Jun 23, 2026
Hardide plc has called a General Meeting to seek shareholder approval for cancelling its share premium account and a capitalised non-statutory reserve, a move designed to create approximately £3.2m of distributable reserves. The proposed capi...
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.