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Grafenia
(LSE:SFT)
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Rating:52Neutral
Price Target:
18.00 p
▲(16.13% Upside)
Action:Reiterated
Date:07/27/26
The score is driven primarily by mixed financial performance: strong revenue growth and notably improved cash generation support the outlook, but persistent and recently widening net losses keep overall financial quality below average. Technically, the stock remains below its 200-day average, suggesting a weaker longer-term trend, and valuation is constrained by the negative P/E and lack of dividend data.
Positive Factors
Strong Revenue Growth
Multi-year revenue expansion indicates that Grafenia is increasing demand across its printing, branding, signage, and digital offerings. A larger revenue base can improve operating leverage, strengthen network economics, and provide a broader platform for continued growth over the next several quarters.
Negative Factors
Persistent Net Losses
Persistent bottom-line losses show that revenue growth has not yet translated into dependable shareholder returns. This weakens earnings quality, limits internal capital formation, and leaves the business more exposed if cash generation moderates or operating costs remain elevated.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Multi-year revenue expansion indicates that Grafenia is increasing demand across its printing, branding, signage, and digital offerings. A larger revenue base can improve operating leverage, strengthen network economics, and provide a broader platform for continued growth over the next several quarters.
Read all positive factors
Grafenia (SFT) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£68.26M
Dividend Yield10.64%
Average Volume (3M)1.04M
Price to Earnings (P/E)―
Beta (1Y)-0.22
Revenue Growth21.82%
EPS Growth-162.50%
CountryUK
Employees179
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)<0.01
Shares Outstanding390,083,300
10 Day Avg. Volume1,954,586
30 Day Avg. Volume1,041,064
Financial Highlights & Ratios
PEG Ratio-0.46
Price to Book (P/B)2.94
Price to Sales (P/S)2.75
P/FCF Ratio12.10
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)N/A
Revenue Forecast (FY)N/A
Grafenia Business Overview & Revenue Model
Company Description
Software Circle plc, operating with its subsidiaries, specializes in licensing a diverse range of software solutions throughout the United Kingdom, Ireland, Europe, and internationally. Its extensive portfolio of brands and products includes Link ...
How the Company Makes Money
Grafenia primarily makes money through a partner-network model and associated product/service sales. Key revenue streams include: (1) Partner fees and membership income: Partners operating under Grafenia’s brands (e.g., Nettl, Print7) typically pa...
Grafenia Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
58
Neutral
Cash Flow
71
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 22.26M | 18.27M | 16.16M | 11.68M | 8.92M |
| Gross Profit | 2.98M | 13.25M | 10.19M | 5.75M | 3.54M |
| EBITDA | 6.72M | 4.82M | 1.36M | -265.00K | 172.00K |
| Net Income | -809.00K | -329.00K | -2.37M | -1.41M | -1.15M |
Balance Sheet | |||||
| Total Assets | 42.76M | 38.10M | 34.39M | 23.62M | 11.76M |
| Cash, Cash Equivalents and Short-Term Investments | 3.94M | 8.57M | 15.39M | 1.99M | 1.46M |
| Total Debt | 10.46M | 10.80M | 9.13M | 18.72M | 4.15M |
| Total Liabilities | 21.92M | 16.70M | 12.71M | 22.69M | 9.27M |
| Stockholders Equity | 20.84M | 21.39M | 21.68M | 928.00K | 2.49M |
Cash Flow | |||||
| Free Cash Flow | 5.06M | 1.57M | 1.42M | -142.00K | -438.00K |
| Operating Cash Flow | 5.11M | 2.94M | 2.63M | 308.00K | 134.00K |
| Investing Cash Flow | -13.10M | -7.97M | -5.28M | -8.72M | -575.00K |
| Financing Cash Flow | 3.35M | -1.79M | 16.05M | 8.94M | -708.00K |
Grafenia Technical Analysis
Positive
15.50
Price Trends
16.03
Positive
15.96
Positive
18.02
Negative
Market Momentum
0.20
Negative
72.61
Negative
84.52
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SFT, the sentiment is Positive. The current price of 15.5 is below the 20-day moving average (MA) of 16.15, below the 50-day MA of 16.03, and below the 200-day MA of 18.02, indicating a neutral trend. The MACD of 0.20 indicates Negative momentum. The RSI at 72.61 is Negative, neither overbought nor oversold. The STOCH value of 84.52 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:SFT.
Grafenia Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | £43.93M | 14.05 | 66.04% | 1.97% | 16.91% | 534.12% | |
64 Neutral | £450.96M | -4.56 | -12.70% | 5.35% | -0.86% | -481.50% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | £375.38M | 135.78 | 1.30% | 2.54% | 8.11% | -69.68% | |
52 Neutral | £68.26M | -84.52 | -3.92% | 10.64% | 21.82% | -162.50% | |
42 Neutral | £302.44M | -1.46 | -677.10% | 5.94% | -16.13% | -1315.87% |
* Industrials Sector Average
GB:SFT
Grafenia
17.75
-8.75
-33.02%
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Grafenia Corporate Events
Business Operations and Strategy
Software Circle Announces Major Shift in Shareholder Base
Positive
Sep 10, 2026
Software Circle plc has reported notable changes in significant shareholdings, underscoring shifting investor positions in the AIM-listed vertical market software group. YOGRO GmbH has increased its stake to 31,131,581 ordinary shares, equivalent ...
Business Operations and StrategyExecutive/Board ChangesStock BuybackFinancial DisclosuresShareholder Meetings
Software Circle Wins Shareholder Backing at AGM and Adds Major Investor to Board
Positive
Sep 2, 2026
Software Circle plc reported that all resolutions at its annual general meeting on 2 September 2026 were passed, including approval of its 2025/26 accounts, remuneration policy, auditor reappointment and authorities to allot shares and repurchase ...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Software Circle adds major shareholder Frank Fischer to board to bolster AI and capital strategy
Positive
Sep 2, 2026
Software Circle plc has strengthened its board with the appointment of experienced investment manager Frank Fischer as a Non-Executive Director, following the company’s AGM in Manchester. Fischer, who holds a 27.15% stake in the group via hi...
Business Operations and StrategyExecutive/Board Changes
Software Circle Adds Major Shareholder Frank Fischer to Board to Bolster AI and Capital Allocation Strategy
Positive
Sep 2, 2026
Software Circle plc has appointed veteran investment manager Frank Fischer to its board as a Non-Executive Director, adding significant capital markets and governance expertise to its leadership. Fischer is CEO and CIO of Frankfurt-based Sharehold...
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
Software Circle Plans Share Premium Cancellation to Unlock Distributable Reserves
Positive
Aug 7, 2026
Software Circle plc has published its annual report for the year to 31 March 2026, issued notice of its upcoming AGM on 2 September 2026 in Manchester, and circulated details of a proposed cancellation of its share premium account. The move forms ...
Business Operations and StrategyRegulatory Filings and Compliance
Software Circle Updates Market on Reduced Stake by Major Shareholder
Neutral
Jul 29, 2026
Software Circle plc has disclosed a notable change in a significant shareholder’s position, with investor Wui Yen Liow reducing their stake from 19,726,594 to 15,726,594 ordinary shares. This adjustment leaves Liow holding 4.03% of the compa...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Software Circle boosts earnings, ramps M&A with new debt funding
Positive
Jul 23, 2026
Software Circle plc, a London‑listed consolidator of vertical market software businesses, continued to expand its portfolio of mission‑critical systems serving niche sectors in the UK and Ireland while preserving decentralised operatio...
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.