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Image Scan Holdings
(LSE:IGE)
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Rating:50Neutral
Price Target:
3.50 p
▲(34.62% Upside)
Action:Reiterated
Date:09/11/26
Overall score reflects weak financial performance (declining revenue, negative margins, and deteriorating free cash flow) as the primary drag. Technicals are supportive due to a strong uptrend, but an extremely overbought RSI increases near-term risk. Valuation provides limited support with a 21.666 P/E and no dividend yield disclosed.
Positive Factors
Conservative Capital Structure
Low leverage and a healthy equity ratio provide a relatively strong capital foundation despite current operating weakness. This structure can reduce financial pressure, preserve flexibility, and help the company absorb variability in results over the next several quarters.
Negative Factors
Revenue Contraction
A 24.75% revenue decline points to weakening demand, reduced activity, or lost business momentum and directly limits the scale of future earnings. Unless growth returns, the smaller revenue base can make it harder to absorb fixed costs and rebuild profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Capital Structure
Low leverage and a healthy equity ratio provide a relatively strong capital foundation despite current operating weakness. This structure can reduce financial pressure, preserve flexibility, and help the company absorb variability in results over the next several quarters.
Read all positive factors
Image Scan Holdings (IGE) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£4.52M
Dividend YieldN/A
Average Volume (3M)220.15K
Price to Earnings (P/E)22.0
Beta (1Y)-0.39
Revenue Growth20.42%
EPS GrowthN/A
CountryUK
Employees15
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)<0.01
Shares Outstanding136,854,580
10 Day Avg. Volume201,935
30 Day Avg. Volume220,154
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)1.34
Price to Sales (P/S)1.18
P/FCF Ratio6.19
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
Image Scan Holdings Business Overview & Revenue Model
Company Description
Image Scan Holdings Plc, established in 1995 and headquartered in Barrow-upon-Soar, United Kingdom, specializes in the development and global distribution of advanced X-ray imaging systems. The company primarily targets security and counter-terror...
Image Scan Holdings Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
60
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.59M | 1.62M | 2.86M | 2.96M | 2.00M | 2.87M |
| Gross Profit | 1.42M | 946.33K | 1.51M | 1.44M | 1.08M | 1.51M |
| EBITDA | 331.94K | -172.06K | 322.35K | 209.35K | -268.24K | 259.43K |
| Net Income | 208.98K | -288.02K | 207.01K | 123.94K | -271.52K | 239.90K |
Balance Sheet | ||||||
| Total Assets | 2.41M | 2.32M | 2.69M | 2.42M | 2.42M | 2.68M |
| Cash, Cash Equivalents and Short-Term Investments | 995.00K | 1.13M | 911.47K | 958.47K | 689.54K | 1.19M |
| Total Debt | 23.00K | 93.86K | 155.66K | 164.31K | 201.75K | 232.95K |
| Total Liabilities | 900.00K | 886.23K | 973.30K | 910.62K | 1.03M | 1.03M |
| Stockholders Equity | 1.51M | 1.43M | 1.72M | 1.51M | 1.39M | 1.65M |
Cash Flow | ||||||
| Free Cash Flow | 515.75K | 309.75K | -13.85K | 305.28K | -469.25K | -127.11K |
| Operating Cash Flow | 515.75K | 309.75K | 61.39K | 429.57K | -290.05K | 2.36K |
| Investing Cash Flow | 19.12K | -42.88K | -64.51K | -117.65K | -179.21K | -129.47K |
| Financing Cash Flow | -47.38K | -47.38K | -43.88K | -43.00K | -27.63K | -95.96K |
Image Scan Holdings Technical Analysis
Positive
2.60
Price Trends
2.45
Positive
2.17
Positive
1.95
Positive
Market Momentum
0.18
Negative
95.36
Negative
75.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:IGE, the sentiment is Positive. The current price of 2.6 is below the 20-day moving average (MA) of 2.75, above the 50-day MA of 2.45, and above the 200-day MA of 1.95, indicating a bullish trend. The MACD of 0.18 indicates Negative momentum. The RSI at 95.36 is Negative, neither overbought nor oversold. The STOCH value of 75.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:IGE.
Image Scan Holdings Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £31.44M | 48.20 | 1.64% | 2.67% | -15.64% | -83.92% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | £10.02M | 15.04 | 4.23% | 3.31% | 10.89% | 9.05% | |
55 Neutral | £10.23M | 9.66 | 11.74% | 6.90% | 10.08% | ― | |
55 Neutral | £5.77M | -30.65 | -3.14% | ― | -4.46% | 63.10% | |
50 Neutral | £4.52M | 22.00 | 14.23% | ― | 20.42% | ― | |
50 Neutral | £12.29M | -2.41 | -67.80% | ― | 44.63% | 59.14% |
* Industrials Sector Average
GB:IGE
Image Scan Holdings
3.30
1.90
135.71%
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Image Scan Holdings Corporate Events
Business Operations and Strategy
Image Scan wins new MDXi-400 orders in global automotive supply chain
Positive
Sep 1, 2026
Image Scan Holdings’ subsidiary 3DX-RAY has secured two new orders for its MDXi-400 industrial X-ray inspection systems from an existing automotive manufacturing customer. The systems, to be installed in Korea and Brazil, will be used for qu...
Business Operations and StrategyM&A Transactions
Image Scan buys ClanTect to expand beyond X-ray into human presence detection
Positive
Aug 3, 2026
Image Scan Holdings has agreed to acquire ClanTect Limited, a founder-led developer of proprietary human presence detection technology used to identify concealed persons in vehicles, containers and other confined spaces. The deal, valued at betwee...
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.