Want to see GB:SNX full AI Analyst Report?
Top Page
Synectics
(LSE:SNX)
Select Model
Select Model
Rating:67Neutral
Price Target:
217.00 p
▲(9.87% Upside)
Action:Downgraded
Date:10/07/26
The score is primarily supported by improving fundamentals—strong balance sheet with very low leverage and solid recent cash flow alongside improving profitability. Offsetting this, the valuation is expensive (P/E ~51.4) and technicals suggest near-term risk (overbought RSI and negative MACD), which meaningfully caps the overall rating.
Positive Factors
Very low leverage
The exceptionally low debt burden gives Synectics substantial financial flexibility and protection against operating setbacks. A conservative balance sheet can support investment in technology, project delivery, and customer support while reducing refinancing pressure and preserving options for future growth.
Negative Factors
Weak reported growth
The negative reported revenue-growth figure indicates that top-line momentum remains vulnerable despite the longer-term recovery described elsewhere. For a project-led business, weaker revenue can reduce operating leverage, make results less predictable, and place greater importance on securing and executing future contracts.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
The exceptionally low debt burden gives Synectics substantial financial flexibility and protection against operating setbacks. A conservative balance sheet can support investment in technology, project delivery, and customer support while reducing refinancing pressure and preserving options for future growth.
Read all positive factors
Synectics (SNX) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£28.93M
Dividend Yield2.5%
Average Volume (3M)17.17K
Price to Earnings (P/E)51.4
Beta (1Y)0.82
Revenue Growth-15.64%
EPS Growth-83.92%
CountryUK
Employees300
SectorIndustrials
Sector Strength72
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)0.04
Shares Outstanding17,794,440
10 Day Avg. Volume19,190
30 Day Avg. Volume17,173
Financial Highlights & Ratios
PEG Ratio0.80
Price to Book (P/B)1.07
Price to Sales (P/S)0.69
P/FCF Ratio5.24
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)0.09
Revenue Forecast (FY)£62.00M
Synectics Business Overview & Revenue Model
Company Description
Synectics plc provides specialist video based electronic surveillance systems and technology for use in security applications, environments, and transport applications in the United Kingdom, rest of Europe, North America, the Middle East, Africa, ...
How the Company Makes Money
Synectics makes money primarily by delivering security and surveillance solutions on a project and services basis. Key revenue streams include: (1) Systems integration and project delivery: revenue from designing, engineering, and implementing end...
Synectics Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 54.85M | 68.10M | 55.81M | 49.13M | 39.12M | 36.64M |
| Gross Profit | 25.27M | 29.17M | 23.94M | 20.01M | 16.63M | 15.60M |
| EBITDA | 4.95M | 7.95M | 5.65M | 4.53M | 2.58M | 1.54M |
| Net Income | 709.00K | 3.71M | 3.18M | 2.16M | 1.47M | -479.00K |
Balance Sheet | ||||||
| Total Assets | 61.03M | 64.76M | 65.84M | 57.62M | 52.42M | 54.14M |
| Cash, Cash Equivalents and Short-Term Investments | 10.50M | 14.14M | 9.56M | 4.60M | 4.26M | 4.64M |
| Total Debt | 2.25M | 1.65M | 1.89M | 1.94M | 2.82M | 2.84M |
| Total Liabilities | 18.22M | 21.02M | 24.51M | 18.75M | 15.42M | 18.79M |
| Stockholders Equity | 42.81M | 43.74M | 41.33M | 38.88M | 37.00M | 35.34M |
Cash Flow | ||||||
| Free Cash Flow | 2.75M | 8.92M | 6.59M | 2.75M | 915.00K | -1.48M |
| Operating Cash Flow | 2.91M | 9.24M | 8.52M | 3.02M | 1.23M | -607.00K |
| Investing Cash Flow | -2.06M | -2.21M | -1.93M | -1.39M | -582.00K | -842.00K |
| Financing Cash Flow | -2.81M | -2.63M | -1.61M | -1.17M | -1.17M | -1.02M |
Synectics Technical Analysis
Positive
197.50
Price Trends
184.27
Positive
189.36
Positive
195.85
Positive
Market Momentum
-2.13
Negative
74.81
Negative
62.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SNX, the sentiment is Positive. The current price of 197.5 is above the 20-day moving average (MA) of 177.53, above the 50-day MA of 184.27, and above the 200-day MA of 195.85, indicating a bullish trend. The MACD of -2.13 indicates Negative momentum. The RSI at 74.81 is Negative, neither overbought nor oversold. The STOCH value of 62.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:SNX.
Synectics Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | £28.93M | 51.41 | 1.64% | 2.50% | -15.64% | -83.92% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | £9.88M | 14.83 | 4.23% | 3.36% | 10.89% | 9.05% | |
55 Neutral | £10.13M | 9.57 | 11.74% | 6.90% | 10.08% | ― | |
55 Neutral | £5.16M | -27.42 | -3.14% | ― | -4.46% | 63.10% | |
50 Neutral | £10.06M | -1.97 | -67.80% | ― | 44.63% | 59.14% |
* Industrials Sector Average
GB:SNX
Synectics
200.00
-97.40
-32.75%
GB:CSSG
Croma Security Solutions
71.50
5.07
7.63%
GB:THRU
Thruvision Group plc
2.25
0.95
73.08%
GB:NWT
Newmark Security
107.50
12.50
13.16%
GB:PEG
Petards
8.50
0.75
9.68%
Synectics Corporate Events
Business Operations and StrategyFinancial Disclosures
Synectics flags top-end EBITDA and strong pipeline as strategy gains traction
Positive
Oct 6, 2026
Synectics expects revenue for the year ending 30 November 2026 to be broadly in line with market forecasts, with adjusted EBITDA anticipated at the top end of its £3.7 million to £4.1 million guidance range. The outcome is driven by stro...
Business Operations and Strategy
Synectics’ Ocular Wins £1.4m On‑Vehicle Surveillance Deal for 220 UK Buses
Positive
Sep 3, 2026
Synectics’ systems integration arm Ocular has secured £1.4 million of contracts to supply advanced on-vehicle surveillance technology for 220 new buses commissioned by a UK regional authority. The packages combine camera systems, digita...
Business Operations and Strategy
Synectics’ Ocular Wins £1.4m U.K. Bus Surveillance Contract
Positive
Sep 3, 2026
Synectics’ systems integration arm Ocular has secured £1.4 million of contracts to supply advanced on-vehicle surveillance technology for 220 new buses ordered by a U.K. regional authority. The package combines camera systems, digital m...
Business Operations and Strategy
Synectics Wins £1.4m Eni Contract for Kutei FPSO Security System
Positive
Aug 24, 2026
Synectics plc has won a £1.4 million contract with global energy company Eni to supply an integrated security and surveillance system for the Kutei FPSO project in Southeast Asia. The deal will see Synectics deploy its Synergy platform alongs...
Business Operations and StrategyExecutive/Board Changes
Synectics refreshes board to drive software-led growth strategy
Positive
Aug 18, 2026
Synectics has strengthened its board as it advances a strategic transformation toward a more scalable, software- and partner-led security and surveillance business. The company aims to increase its focus on proprietary, AI-enabled operational inte...
Business Operations and StrategyExecutive/Board ChangesDividendsFinancial DisclosuresProduct-Related Announcements
Synectics presses ahead with AI-led transformation as interim profits dip on Energy delays
Negative
Aug 18, 2026
Synectics reported a sharp drop in interim revenue to £22.2 million and adjusted EBITDA to £1.0 million, reflecting the absence of last year’s large, non-recurring gaming contract and delays to Energy sector projects linked to conf...
Business Operations and StrategyProduct-Related Announcements
Synectics rolls out AI video search to accelerate product-led growth
Positive
Aug 11, 2026
Synectics has introduced Synergy SEARCH, an AI-powered capability within its Synergy platform that enables operators to conduct rapid natural-language searches across live and recorded video. Designed to work with existing large-scale camera estat...
Business Operations and StrategyFinancial Disclosures
Synectics Sets Date for H1 2026 Interim Results and Investor Webcast
Neutral
Jul 30, 2026
Synectics plc, an AIM-quoted provider of advanced security and surveillance solutions, specialises in integrating systems and data into unified platforms that improve safety and operational efficiency for customers worldwide. Leveraging decades of...
Business Operations and Strategy
Synectics Wins $2.4m U.S. Casino Surveillance Contract
Positive
Jul 30, 2026
Synectics plc has secured a US$2.4 million contract to deploy its Synergy security and surveillance platform at a major casino on the U.S. West Coast. The deal adds another leading casino operator to its customer base in the strategically importan...
Business Operations and StrategyRegulatory Filings and Compliance
Synectics’ Synergy Platform Gains UK CAPSS Cyber Security Certification
Positive
Jul 20, 2026
Synectics has secured UK Government CAPSS certification for its Synergy security and surveillance platform, confirming compliance with stringent cyber security standards for physical security systems. The accreditation, endorsed by the UK National...
Business Operations and Strategy
Synectics Employee Trust Increases Stake to Support Share Option Plans
Positive
Jul 13, 2026
Synectics plc has disclosed that Quadnetics Employees’ Trustees Limited, acting as trustee of the Synectics Plc Employees’ Trustees Limited employee benefit trust, has acquired 32,500 ordinary shares at a weighted average price of 201....
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.