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Cyba Plc (NARF) AI Stock Analysis

GB:NARF

Cyba Plc

(LSE:NARF)

Select Model
Rating:37Underperform
Price Target:GBX 0.17â–¼(-13.85% Downside)
Action:reiterated
Date:10/28/26

The stock scores the minimum possible value of 37, reflecting extreme risk across all evaluated components. The most significant factor is the company's insolvent financial position, with liabilities far exceeding assets and persistent cash burn threatening its viability. This is compounded by a deeply bearish technical trend and a negative P/E ratio, leaving no fundamental or market-based support for the stock.

Positive Factors
Revenue ReboundThe strong 2026 revenue rebound indicates that demand or commercial execution improved after the prior-year decline. If maintained, a larger revenue base could improve operating leverage, support investment in the business, and provide a foundation for more consistent earnings over the next several quarters.
Negative Factors
Negative Equity and High DebtPersistent negative equity and debt exceeding total assets indicate a very thin capital base and limited financial resilience. This structure can restrict investment capacity, increase dependence on creditors or new capital, and make the company more vulnerable if operating performance weakens.

Cyba Plc (NARF) vs. iShares MSCI United Kingdom ETF (EWC)

-60%-40%-20%0%20%40%60%GB:NARF-54.12%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
GBP 3.31M
Dividend Yield
―
Average Volume (3M)
1.69M
Price to Earnings (P/E)
-4.4
Beta (1Y)
-2.77
Revenue Growth
43.33%
EPS Growth
75.00%
Country
UK
Employees
15
Sector
Technology
Sector Strength
61
Industry
Software - Infrastructure

Cyba Plc Business Overview & Revenue Model

Company Description

Cyba Plc currently lacks substantial operational activities. Its primary focus is to deliver cyber and cybersecurity solutions, a goal it intends to achieve through strategic acquisitions. Founded in 2018, the company was previously named GCQC plc be...

Cyba Plc Financial Statement Overview

Summary

Financial health is critically weak. The Income Statement shows improving revenue and narrowing losses (Score: 25), but the Balance Sheet is insolvent with negative equity and a 3.8x debt-to-assets ratio (Score: 5), and Cash Flow remains negative from operations (Score: 10). The overall financial profile indicates severe distress and going-concern risk.

Income Statement

25Negative

Balance Sheet

5Very Negative

Cash Flow

10Very Negative
Financial statement breakdown
BreakdownTTMMar 2025Mar 2025Dec 2023Jun 2023Dec 2021
Income Statement
Total Revenue3.00M3.00M4.52M6.06M2.53M0
Gross Profit415.10K415.10K1.61M2.75M718.24K1.26M
EBITDA-2.22M-2.20M373.17K-661.96K-17.86M-2.01M
Net Income-3.56M-3.56M-963.09K-1.16M-18.43M-2.01M
Balance Sheet
Total Assets926.66K926.66K887.34K1.98M3.91M2.22M
Cash, Cash Equivalents and Short-Term Investments136.70K136.70K77.06K268.74K442.75K274.97K
Total Debt3.09M3.09M3.37M1.63M1.51M854.62K
Total Liabilities3.91M3.91M4.42M2.17M2.11M311.06K
Stockholders Equity-2.99M-2.99M-3.53M-238.59K31.65K1.91M
Cash Flow
Free Cash Flow-1.86M-1.86M0138.45K-3.49M-1.93M
Operating Cash Flow-1.86M-1.86M-222.52K138.45K-2.99M-1.93M
Investing Cash Flow0000-4.12M-1.94M
Financing Cash Flow661.38K1.34M163.83K59.41K7.11M2.44M

Cyba Plc Technical Analysis

Technical Analysis SentimentNegative
Last Price0.20

Price Trends

50DMA0.35Negative
100DMA0.38Negative
200DMA0.44Negative

Market Momentum

MACD-0.05Positive
RSI18.94Positive
STOCH14.32Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:NARF, the sentiment is Negative. The current price of 0.20 is below the 20-day moving average (MA) of 0.31, below the 50-day MA of 0.35, and below the 200-day MA of 0.44, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 18.94 is Positive, neither overbought nor oversold. The STOCH value of 14.32 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:NARF.

Cyba Plc Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

GB:NARF against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
GB:KLSOGB:KLSO73OutperformGBP 20.50M9.1016.23%―――
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
GB:ADVTGB:ADVT59NeutralGBP 232.77M62.903.04%―23.41%-58.38%
GB:AC8GB:AC841NeutralGBP 413.61M-1.26159.98%――-788.78%
GB:ONDOGB:ONDO40UnderperformGBP 17.75M-1.4190.48%―20.06%5.56%
GB:NARFGB:NARF37UnderperformGBP 3.31M-4.3529.56%―43.33%75.00%

* Technology Sector Average

Performance Comparison

0%200%400%GB:NARFGB:ADVTGB:ONDOGB:AC8GB:KLSOGB:GSCDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
GB:NARF and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:NARFCyba Plc0.20-0.23-54.12%
GB:ADVTAdvancedAdvT Ltd.180.00-10.00-5.26%
GB:ONDOOndo InsurTech Plc7.20-23.50-76.55%
GB:AC8Acceler8 Ventures Plc54.5034.70175.31%
GB:KLSOInsight Business Support Plc3.700.5015.63%
GB:GSCGS Chain Plc0.10-0.22-68.75%

Cyba Plc Corporate Events

Business Operations and StrategyStock BuybackShareholder Meetings

Narf Industries Wins Strong Shareholder Backing at AGM

Positive
Sep 25, 2026

Narf Industries plc, a U.S.-based cybersecurity group listed in London, focuses on high-end threat intelligence, cybersecurity research, and critical infrastructure protection for government clients. Its national security orientation places the compa...

Shareholder Meetings

Narf Industries Moves AGM Venue but Keeps Proxies and Agenda Intact

Neutral
Sep 15, 2026

Narf Industries plc has confirmed that its annual general meeting, scheduled for 2 p.m. on 24 September 2026, will now take place at 26 Caxton Street, London, SW1H 0RJ. A representative of the meeting chairman will remain at the original venue until...

Business Operations and StrategyFinancial DisclosuresPrivate Placements and FinancingProduct-Related Announcements

Narf Industries Boosts Revenue and Launches UPxi Amid Evolving Cybersecurity Landscape

Positive
Jul 31, 2026

Narf Industries reported audited results for the year to 31 March 2026, with revenue rising 50% to US$4.5 million while operating expenses held steady at about US$2.1 million, underscoring the scalability of its model. The group’s GR&D busi...

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: Oct 28, 2026