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Raspberry PI Holdings plc
(LSE:RPI)
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Rating:60Neutral
Price Target:
637.00 p
▲(8.43% Upside)
Action:Reiterated
Date:08/20/26
The score is supported primarily by solid financial fundamentals driven by strong growth and a low-leverage balance sheet, but it is held back by cash flow volatility. Technicals are bearish with the stock trading below key moving averages, and valuation looks demanding given the high P/E and no dividend yield.
Positive Factors
Strong Revenue Growth
Sustained revenue expansion indicates solid demand for Raspberry Pi products and increasing scale. Continued growth can broaden the customer base, support ecosystem adoption, and provide operating leverage as the company serves both enthusiast and commercial markets.
Negative Factors
Volatile Cash Generation
Inconsistent cash conversion makes internally generated funding less predictable, even after the 2025 recovery. Working-capital swings or investment intensity may continue to create variability, limiting confidence in the timing of reinvestment and other capital-allocation decisions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Sustained revenue expansion indicates solid demand for Raspberry Pi products and increasing scale. Continued growth can broaden the customer base, support ecosystem adoption, and provide operating leverage as the company serves both enthusiast and commercial markets.
Read all positive factors
Raspberry PI Holdings plc (RPI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.12B
Dividend YieldN/A
Average Volume (3M)359.61K
Price to Earnings (P/E)63.2
Beta (1Y)2.29
Revenue Growth20.33%
EPS Growth77.68%
CountryUK
Employees140
SectorGeneral
Sector StrengthN/A
IndustryComputer Hardware
Share Statistics
EPS (TTM)0.09
Shares Outstanding193,824,780
10 Day Avg. Volume360,015
30 Day Avg. Volume359,605
Financial Highlights & Ratios
PEG Ratio1.12
Price to Book (P/B)3.24
Price to Sales (P/S)2.37
P/FCF Ratio224.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£760.00Price Target Upside29.36% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.17
Revenue Forecast (FY)£610.30M
Raspberry PI Holdings plc Business Overview & Revenue Model
Company Description
Raspberry Pi Holdings plc is an international firm specializing in the design and development of single-board computers and compute modules. Its extensive product portfolio encompasses various computers and microcontrollers, alongside critical acc...
How the Company Makes Money
Raspberry Pi Holdings plc primarily generates revenue from the sale of Raspberry Pi-branded hardware, with its core revenue stream being Raspberry Pi single-board computers sold into both the enthusiast/education channel and commercial/industrial ...
Raspberry PI Holdings plc Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 245.24M | 259.50M | 213.83M | 152.51M | 102.22M |
| Gross Profit | 51.07M | 63.20M | 48.11M | 30.14M | 27.71M |
| EBITDA | 28.99M | 29.40M | 36.36M | 20.67M | 16.43M |
| Net Income | 16.47M | 9.16M | 25.42M | 13.86M | 10.80M |
Balance Sheet | |||||
| Total Assets | 246.53M | 331.40M | 208.15M | 122.54M | 93.61M |
| Cash, Cash Equivalents and Short-Term Investments | 20.89M | 45.80M | 33.10M | 27.30M | 25.42M |
| Total Debt | 6.62M | 7.32M | 5.57M | 1.34M | 1.73M |
| Total Liabilities | 67.51M | 121.00M | 83.26M | 33.46M | 23.08M |
| Stockholders Equity | 179.03M | 210.40M | 124.89M | 89.08M | 70.52M |
Cash Flow | |||||
| Free Cash Flow | 2.58M | -26.30M | 13.49M | 2.83M | -5.17M |
| Operating Cash Flow | 3.95M | -3.20M | 16.55M | 11.55M | 200.68K |
| Investing Cash Flow | -13.81M | -23.10M | -23.10M | -8.72M | -5.37M |
| Financing Cash Flow | -3.64M | 29.80M | 15.84M | -4.38M | 29.44M |
Raspberry PI Holdings plc Technical Analysis
Negative
587.50
Price Trends
678.95
Negative
718.48
Negative
529.48
Positive
Market Momentum
-28.82
Negative
37.44
Neutral
47.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:RPI, the sentiment is Negative. The current price of 587.5 is below the 20-day moving average (MA) of 599.95, below the 50-day MA of 678.95, and above the 200-day MA of 529.48, indicating a neutral trend. The MACD of -28.82 indicates Negative momentum. The RSI at 37.44 is Neutral, neither overbought nor oversold. The STOCH value of 47.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:RPI.
Raspberry PI Holdings plc Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £105.39M | 16.31 | 19.61% | 4.74% | 10.31% | 21.25% | |
69 Neutral | £109.06M | 26.67 | 6.51% | 1.35% | 23.25% | 700.00% | |
65 Neutral | £94.12M | 19.15 | 9.24% | ― | 12.56% | 23.36% | |
64 Neutral | £746.86M | 25.90 | 9.04% | 1.67% | 4.82% | 17.80% | |
61 Neutral | £289.10M | -8.25 | -24.38% | 3.68% | -2.68% | 47.33% | |
60 Neutral | £1.12B | 63.16 | 12.98% | ― | 20.33% | 77.68% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
GB:RPI
Raspberry PI Holdings plc
571.00
165.00
40.64%
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215.00
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GB:SDI
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GB:SOLI
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GB:TTG
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GB:DSCV
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Raspberry PI Holdings plc Corporate Events
Financial Disclosures
Raspberry Pi Sets Date for Half-Year Results and Investor Briefings
Neutral
Sep 8, 2026
Raspberry Pi Holdings plc, a Cambridge-based leader in low-cost, high-performance computing platforms, serves industrial and embedded users, enthusiasts and educational institutions, and semiconductor customers worldwide. The company leverages ful...
Business Operations and StrategyRegulatory Filings and Compliance
Raspberry Pi updates share capital after LTIP share admission
Neutral
Aug 3, 2026
Raspberry Pi Holdings plc, the Cambridge-based maker of low-cost, high-performance computing platforms, designs and develops hardware and software across the semiconductor value chain. Its products target industrial and embedded customers, hobbyis...
Business Operations and StrategyExecutive/Board Changes
Raspberry Pi names seasoned finance leader Tim Powell as new CFO
Positive
Jul 6, 2026
Raspberry Pi Holdings plc has appointed Tim Powell as Chief Financial Officer and Executive Director, effective 16 October 2026, as part of a planned leadership transition following the announced departure of current CFO Richard Boult on 31 Octobe...
Other
Raspberry Pi Executives Cash In Shares Worth Over £2.4 Million
Neutral
Jun 12, 2026
Raspberry Pi Holdings plc has disclosed that Chief Executive Officer Eben Upton and Chief Commercial Officer Mike Buffham have sold portions of their holdings in the company. Upton sold 190,000 ordinary shares at £9.667 each, while Buffham di...
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.