Pipehawk (PIP) AI Stock Analysis

Pipehawk

(LSE:PIP)

Select Model

Rating:49Neutral

Price Target:GBX 2.00▼(-13.04% Downside)

Action:reiterated

Date:04/18/26

The score is held down primarily by weak financial performance (sharp revenue decline, negative profitability, deteriorating free cash flow, and negative equity). Technicals are comparatively stronger, with price trading above key moving averages and positive MACD, but valuation support is limited due to a negative P/E and no dividend yield data.

Positive Factors

High gross marginA reported gross profit margin of 95.46% indicates durable product-level pricing power or very low direct COGS, giving the company structural ability to cover operating costs and support margin recovery if revenue stabilizes. This strong gross spread is a long-term resilience factor.

Negative Factors

Sharp revenue declineA steep revenue drop of -43.76% materially reduces scale, increases unit economics pressure, and makes fixed-cost absorption harder. Sustained top-line contraction undermines recovery prospects and raises the probability of prolonged margin and cash-flow stress over the medium term.

Pipehawk (PIP) vs. iShares MSCI United Kingdom ETF (EWC)

Market Cap: GBP 689.94K
Dividend Yield: ―
Average Volume (3M): 12.45K
Price to Earnings (P/E): -0.8
Beta (1Y): -0.17
Revenue Growth: -57.96%
EPS Growth: 31.71%
Country: UK
Employees: 47
Sector: Technology
Sector Strength: 61
Industry: Hardware, Equipment & Parts

Pipehawk Business Overview & Revenue Model

Company Description

PipeHawk plc engages in the development, assembly, and sale of automated manufacturing units, test system, rail industry solutions, and ground probing radar (GPR) equipment in the United Kingdom, Europe and internationally. It operates through Utilit...

Pipehawk Financial Statement Overview

Summary

Weak overall fundamentals: revenue declined sharply (-43.76%), profitability is negative (net margin -6.92%), free cash flow growth fell materially (-81.25%), and the balance sheet is high risk with negative shareholders’ equity and a concerning leverage profile.

Income Statement

45Neutral

Balance Sheet

30Negative

Cash Flow

40Negative

Financial statement breakdown
Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	2.80M	3.74M	9.14M	6.47M	6.19M	6.67M
Gross Profit	2.64M	3.57M	3.90M	1.96M	2.55M	3.73M
EBITDA	-322.00K	288.00K	-596.00K	-2.32M	-888.00K	449.00K
Net Income	-813.00K	-259.00K	-1.69M	-2.48M	-868.00K	522.00K
Balance Sheet
Total Assets	1.72M	1.64M	1.93M	7.74M	8.18M	5.79M
Cash, Cash Equivalents and Short-Term Investments	17.00K	15.00K	95.00K	148.00K	4,000	920.00K
Total Debt	7.43M	7.06M	6.71M	7.80M	8.29M	5.36M
Total Liabilities	8.61M	8.03M	8.20M	13.19M	11.14M	8.01M
Stockholders Equity	-6.89M	-6.39M	-6.27M	-5.45M	-2.97M	-2.22M
Cash Flow
Free Cash Flow	-230.00K	99.00K	-280.00K	1.20M	-1.16M	937.00K
Operating Cash Flow	-228.00K	117.00K	-230.00K	1.31M	-833.00K	1.07M
Investing Cash Flow	-2,000	-18.00K	-50.00K	-111.00K	-325.00K	-88.00K
Financing Cash Flow	198.00K	-179.00K	227.00K	-1.06M	242.00K	-309.00K

Pipehawk Technical Analysis

Technical Analysis SentimentNegative

Last Price2.30

Price Trends

50DMA1.90Negative

100DMA2.12Negative

200DMA2.19Negative

Market Momentum

MACD-0.01Negative

RSI0.97Positive

STOCH97.56Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:PIP, the sentiment is Negative. The current price of 2.30 is above the 20-day moving average (MA) of 1.90, above the 50-day MA of 1.90, and above the 200-day MA of 2.19, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 0.97 is Positive, neither overbought nor oversold. The STOCH value of 97.56 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:PIP.

Pipehawk Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

GB:PIP against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GB:SDI	65Neutral	GBP 99.30M	20.11	9.24%	―	12.56%	23.36%
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
GB:KMK	52Neutral	GBP 35.71M	49.55	1.32%	―	2.30%	-81.36%
GB:PIP	49Neutral	GBP 689.94K	-0.85	12.25%	―	-57.96%	31.71%
GB:TRAC	41Neutral	GBP 1.35M	-3.35	18.82%	―	59.04%	65.84%
GB:WPHO	39Underperform	GBP 8.47M	-1.18	-68.21%	―	-29.53%	-210.26%
GB:LST	38Underperform	GBP 9.43M	-2.97	-29.91%	―	―	―

* Technology Sector Average

Performance Comparison

GB:PIP and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
GB:PIP	Pipehawk plc	1.90	0.35	22.58%
GB:KMK	Kromek Group plc	5.45	-1.35	-19.85%
GB:SDI	Sdi Group Plc	94.50	13.50	16.67%
GB:WPHO	Windar Photonics	4.10	-53.40	-92.87%
GB:TRAC	t42 IoT Tracking Solutions PLC	1.85	-0.25	-11.90%
GB:LST	Light Science Technologies Holdings plc	0.95	-4.75	-83.33%

Pipehawk Corporate Events

Business Operations and StrategyM&A Transactions

PipeHawk Completes Utsi Electronics Sale and Refocuses on Thomson Engineering Design

Positive

Jun 30, 2026

PipeHawk plc has completed the disposal of the entire issued share capital of its subsidiary Utsi Electronics Limited, following the satisfaction of customary conditions and completion deliverables. The transaction, first detailed in earlier announce...

Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance

PipeHawk clears key UK security hurdle in proposed Utsi Electronics sale

Positive

May 26, 2026

PipeHawk has confirmed that the UK Cabinet Office will not take further action under the National Security and Investment Act 2021 in relation to the planned sale of its subsidiary, Utsi Electronics Limited, meaning a key regulatory condition for the...

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: Apr 18, 2026

Pipehawk AI Stock Analysis