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Pennant International
(LSE:PEN)
Select Model
Select Model
Rating:52Neutral
Price Target:
33.00 p
▲(13.79% Upside)
Action:Reiterated
Date:09/14/26
The score is held back primarily by weak financial performance (revenue decline and ongoing losses with only modest cash conversion). Technical indicators provide the main support (price above major moving averages with positive MACD), while valuation remains difficult to justify due to negative earnings and no dividend yield data.
Positive Factors
Defense and safety-critical market focus
Serving defense and other safety-critical operators gives Pennant a specialized market position built around complex, regulated assets. These customers require ongoing training, documentation and lifecycle support, creating potential for repeat work and multi-year demand rather than purely discretionary purchases.
Negative Factors
Declining and volatile revenue
Recent revenue deterioration and an uneven multi-year trajectory indicate that demand or contract timing has not translated into dependable growth. Continued top-line volatility can make staffing and investment decisions harder, limiting operating leverage and reducing confidence in near-term earnings recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Defense and safety-critical market focus
Serving defense and other safety-critical operators gives Pennant a specialized market position built around complex, regulated assets. These customers require ongoing training, documentation and lifecycle support, creating potential for repeat work and multi-year demand rather than purely discretionary purchases.
Read all positive factors
Pennant International (PEN) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£15.24M
Dividend Yield5.13%
Average Volume (3M)99.18K
Price to Earnings (P/E)―
Beta (1Y)0.23
Revenue Growth0.91%
EPS Growth81.47%
CountryUK
Employees121
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.02
Shares Outstanding47,630,530
10 Day Avg. Volume76,677
30 Day Avg. Volume99,183
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)1.26
Price to Sales (P/S)0.90
P/FCF Ratio147.81
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)<0.01
Revenue Forecast (FY)£13.00M
Pennant International Business Overview & Revenue Model
Company Description
Pennant International Group plc is a UK-based company headquartered in Cheltenham, established in 1958. The group specializes in delivering comprehensive training and support solutions, encompassing a range of products and services for clients acr...
How the Company Makes Money
Pennant makes money primarily by selling (1) services and (2) software to organizations that operate complex, regulated equipment—most notably defense customers and their supply chains.
1) Services revenue (integrated logistics support and relat...
Pennant International Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
55
Neutral
Cash Flow
44
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.98M | 9.66M | 13.78M | 15.54M | 13.69M | 15.96M |
| Gross Profit | 5.34M | 4.76M | 5.26M | 7.73M | 4.27M | 2.99M |
| EBITDA | 409.00K | -715.00K | -594.00K | 1.50M | -966.00K | -2.07M |
| Net Income | -885.00K | -2.25M | -2.58M | -933.00K | -901.00K | -1.61M |
Balance Sheet | ||||||
| Total Assets | 13.24M | 12.16M | 15.94M | 18.71M | 19.79M | 21.63M |
| Cash, Cash Equivalents and Short-Term Investments | 147.00K | 466.00K | 1.04M | 1.10M | 1.11M | 901.00K |
| Total Debt | 1.78M | 1.91M | 4.07M | 3.90M | 2.09M | 5.18M |
| Total Liabilities | 7.17M | 5.25M | 7.59M | 8.89M | 9.10M | 10.48M |
| Stockholders Equity | 6.07M | 6.91M | 8.34M | 9.82M | 10.70M | 11.14M |
Cash Flow | ||||||
| Free Cash Flow | 1.46M | 59.00K | -42.00K | -463.00K | 1.36M | -1.23M |
| Operating Cash Flow | 1.55M | 102.00K | 181.00K | 1.29M | 2.57M | -127.00K |
| Investing Cash Flow | -715.00K | 1.12M | -1.62M | -2.32M | 359.00K | -1.63M |
| Financing Cash Flow | 480.00K | 942.00K | 1.14M | -174.00K | -183.00K | -249.00K |
Pennant International Technical Analysis
Positive
29.00
Price Trends
29.70
Positive
27.61
Positive
23.83
Positive
Market Momentum
0.78
Negative
86.15
Negative
76.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:PEN, the sentiment is Positive. The current price of 29 is below the 20-day moving average (MA) of 30.50, below the 50-day MA of 29.70, and above the 200-day MA of 23.83, indicating a bullish trend. The MACD of 0.78 indicates Negative momentum. The RSI at 86.15 is Negative, neither overbought nor oversold. The STOCH value of 76.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:PEN.
Pennant International Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £10.34M | 8.00 | 16.63% | 6.77% | -0.48% | -34.98% | |
74 Outperform | £11.03M | 13.20 | 9.48% | 4.85% | -11.46% | -11.47% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | £14.75M | -5.13 | -21.37% | ― | -18.66% | 56.03% | |
52 Neutral | £15.24M | -17.46 | -13.64% | 5.13% | 0.91% | 81.47% | |
51 Neutral | £8.40M | -3.18 | -39.59% | ― | -10.28% | 9.84% |
* Technology Sector Average
GB:PEN
Pennant International
33.00
12.50
60.98%
GB:ARC
Arcontech
82.50
-15.20
-15.56%
GB:BIRD
Blackbird PLC
1.75
-0.75
-30.00%
GB:ING
Ingenta
66.50
-7.38
-9.99%
GB:ZOO
Zoo Digital
14.50
3.00
26.09%
Pennant International Corporate Events
Business Operations and StrategyFinancial Disclosures
Pennant beats 2026 ARR target as Siemens‑linked Auxilium sales grow in US defence
Positive
Sep 29, 2026
Pennant International has reported a step‑up in recurring revenue from its Auxilium software suite, driven by its strategic partnership with Siemens Digital Industries Software. The company has secured a series of new Auxilium contracts with...
Business Operations and StrategyFinancial Disclosures
Pennant International Beats 2026 ARR Target on Siemens-Led Auxilium Defence Deals
Positive
Sep 29, 2026
Pennant International has reported further commercial progress from its strategic partnership with Siemens Digital Industries Software, securing new Auxilium software contracts with U.S. defence end users. These Siemens-driven deals expand the com...
Business Operations and StrategyPrivate Placements and Financing
Pennant International secures shareholder loan to bolster working capital and support restructuring
Positive
Sep 21, 2026
Pennant International has agreed a short-term unsecured shareholder loan facility of up to £600,000 with major shareholder Brett Gordon, and plans to draw down £400,000 immediately. The funding allows the systems support software and tra...
Business Operations and StrategyFinancial Disclosures
Pennant International boosts revenue, margins and recurring software income in H1 2026
Positive
Sep 1, 2026
Pennant International reported strong interim results for the six months to 30 June 2026, with group revenue rising to £5.8 million from £4.5 million, gross margin improving to 54% and adjusted EBITDA turning positive at £0.5 millio...
Business Operations and StrategyFinancial Disclosures
Pennant International Gains U.S. Defence Auxilium Deal as Recurring Revenue Hits New High
Positive
Aug 25, 2026
Pennant International has reported further commercial momentum from its strategic partnership with Siemens Digital Industries Software, securing an additional sale of its Auxilium systems support platform to a major U.S. defence customer. The deal...
Business Operations and Strategy
Pennant wins Auxilium software deal with global shipbuilder in Asia-Pacific
Positive
Aug 3, 2026
Pennant International has secured a new contract for its Auxilium integrated product support platform with a major global shipbuilder, to be deployed on a major shipbuilding programme in the Asia-Pacific region. The deal is expected to contribute ...
Business Operations and StrategyFinancial Disclosures
Pennant lifts H1 revenue and margins as software strategy gains traction
Positive
Jul 13, 2026
Pennant International reported a strong first half to 2026, with revenues rising 31% year on year to about £5.9m and gross margins improving to 53%, driven by growth in its Auxilium software and Engineered Training Solutions. The company swun...
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.