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Access Intelligence
(LSE:PULS)
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Rating:49Neutral
Price Target:
24.50 p
▲(2.08% Upside)
Action:Reiterated
Date:08/26/26
The score is held back primarily by weak financial performance (persistent net losses, declining equity, and weakening 2025 revenue/gross margin) and very bearish price momentum (price far below key moving averages with negative MACD). Corporate updates are supportive (improving ARR/revenue and EBITDA, refinancing, and reassurance on HMRC timing), but they are not strong enough to outweigh the fundamental and technical pressure, and valuation signals are limited due to a negative P/E and no dividend yield provided.
Positive Factors
Recurring Revenue and Product Expansion
Higher annual recurring revenue and AI-led product expansion can deepen customer integration and improve retention. If sustained, these developments strengthen Pulsar’s role in marketing and communications infrastructure and support more predictable future revenue.
Negative Factors
Revenue and Gross Margin Pressure
Recent revenue contraction and gross-margin compression point to weaker demand, mix, pricing, or delivery economics. Unless reversed, they can limit operating leverage and make the company’s recurring-revenue growth strategy less profitable.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring Revenue and Product Expansion
Higher annual recurring revenue and AI-led product expansion can deepen customer integration and improve retention. If sustained, these developments strengthen Pulsar’s role in marketing and communications infrastructure and support more predictable future revenue.
Read all positive factors
Access Intelligence (PULS) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£32.54M
Dividend Yield12.5%
Average Volume (3M)46.85K
Price to Earnings (P/E)―
Beta (1Y)0.16
Revenue Growth4.57%
EPS Growth-3.85%
CountryUK
Employees779
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.06
Shares Outstanding135,593,480
10 Day Avg. Volume8,722
30 Day Avg. Volume46,853
Financial Highlights & Ratios
PEG Ratio-0.13
Price to Book (P/B)1.37
Price to Sales (P/S)0.79
P/FCF Ratio13.35
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)0.03
Revenue Forecast (FY)£63.50M
Access Intelligence Business Overview & Revenue Model
Company Description
Pulsar Group plc, along with its various subsidiaries, delivers cloud-based software solutions and related services. These offerings cater to a diverse clientele, including leading consumer brands, major corporations, marketing firms, and governme...
Access Intelligence Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
63
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 64.07M | 61.17M | 62.00M | 62.40M | 65.71M | 33.30M |
| Gross Profit | 35.20M | 35.08M | 45.11M | 46.06M | 49.80M | 25.05M |
| EBITDA | 14.98M | 9.90M | 1.49M | -2.83M | -249.00K | -4.97M |
| Net Income | -7.67M | -9.64M | -6.57M | -7.90M | -4.19M | -8.71M |
Balance Sheet | ||||||
| Total Assets | 92.61M | 86.27M | 88.40M | 90.69M | 93.68M | 101.21M |
| Cash, Cash Equivalents and Short-Term Investments | 1.49M | 384.00K | 1.00M | 2.25M | 4.92M | 13.46M |
| Total Debt | 9.21M | 8.18M | 9.18M | 2.53M | 2.52M | 4.37M |
| Total Liabilities | 56.93M | 50.87M | 45.72M | 41.00M | 33.30M | 40.20M |
| Stockholders Equity | 35.69M | 35.40M | 42.68M | 49.69M | 60.37M | 61.01M |
Cash Flow | ||||||
| Free Cash Flow | 5.07M | 3.63M | -7.03M | -527.00K | -6.08M | -6.00M |
| Operating Cash Flow | 5.17M | 3.73M | -74.00K | 8.56M | 2.47M | -2.38M |
| Investing Cash Flow | -5.69M | -5.98M | -5.52M | -9.07M | -8.54M | -44.24M |
| Financing Cash Flow | 3.35M | 1.59M | 1.42M | -2.04M | -2.63M | 58.65M |
Access Intelligence Technical Analysis
Negative
24.00
Price Trends
32.70
Negative
36.10
Negative
38.83
Negative
Market Momentum
-2.81
Negative
7.05
Positive
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:PULS, the sentiment is Negative. The current price of 24 is below the 20-day moving average (MA) of 27.07, below the 50-day MA of 32.70, and below the 200-day MA of 38.83, indicating a bearish trend. The MACD of -2.81 indicates Negative momentum. The RSI at 7.05 is Positive, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:PULS.
Access Intelligence Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | £43.65M | -70.91 | -0.98% | 8.33% | 19.31% | 64.00% | |
66 Neutral | £39.48M | 30.34 | 19.30% | 1.41% | 15.92% | 154.39% | |
65 Neutral | £69.16M | 20.14 | 18.91% | ― | -3.15% | -17.89% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | £34.17M | -105.66 | -1.32% | 0.04% | -41.95% | -106.40% | |
49 Neutral | £32.54M | -4.28 | -21.57% | 12.50% | 4.57% | -3.85% |
* Technology Sector Average
GB:PULS
Access Intelligence
24.00
-14.00
-36.84%
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-21.84%
Access Intelligence Corporate Events
Regulatory Filings and Compliance
Pulsar Group Clarifies Kestrel-Linked Shareholding After Portfolio Transfer
Neutral
Aug 21, 2026
Pulsar Group plc has disclosed changes to the shareholdings associated with non-executive director Max Royde, following the transfer of 251,387 ordinary shares out of accounts under the discretionary management of Kestrel Partners LLP. The reshuff...
Business Operations and StrategyRegulatory Filings and Compliance
Pulsar Group Moves to Reassure Markets Over HMRC Tax Discussions
Positive
Aug 18, 2026
Pulsar Group Plc has responded to recent media speculation by confirming it is in regular dialogue with HM Revenue Customs over the timing of certain VAT and PAYE payments. The company has already made substantial tax payments and expects to sett...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Pulsar Group posts record revenue and strengthens balance sheet on enterprise and AI-led growth
Positive
Jul 20, 2026
Pulsar Group reported a robust first half to 31 May 2026, with annual recurring revenue rising to £67.2 million, record revenue up 10% to £33.0 million and adjusted EBITDA up 39% to £5.1 million, supported by a leaner cost base and ...
Business Operations and StrategyStock BuybackShareholder Meetings
Pulsar Group Wins Full Shareholder Backing at AGM, Secures Capital Flexibility
Positive
May 28, 2026
Pulsar Group plc reported that all resolutions proposed at its latest annual general meeting were approved by shareholders, including the adoption of accounts for the year to 30 November 2025 and the re‑election of directors Joanna Arnold an...
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.