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Smarter Web Company PLC
(LSE:SWC)
Select Model
Select Model
Rating:58Neutral
Price Target:
34.00 p
▲(7.94% Upside)
Action:Reiterated
Date:08/26/26
Overall score reflects a stronger balance sheet and very low P/E supporting valuation, partly offset by weak operating profitability and persistent negative free cash flow. Technicals are constructive (price above key averages and positive MACD) but the overbought RSI increases near-term risk.
Positive Factors
Strengthened Balance Sheet
The enlarged equity base and solid asset position provide a meaningful capital cushion. This can support investment and reduce solvency pressure over the next several months, although the sharp historical change in equity requires verification.
Negative Factors
Persistent Free Cash Flow Burn
Continued operating and free cash flow losses mean the business is consuming cash rather than self-funding. If this pattern persists, Smarter Web Company may become dependent on external financing, limiting flexibility and increasing execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Strengthened Balance Sheet
The enlarged equity base and solid asset position provide a meaningful capital cushion. This can support investment and reduce solvency pressure over the next several months, although the sharp historical change in equity requires verification.
Read all positive factors
Smarter Web Company PLC (SWC) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£122.35M
Dividend YieldN/A
Average Volume (3M)1.32M
Price to Earnings (P/E)0.7
Beta (1Y)-0.90
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees11
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)N/A
Shares Outstanding374,840,700
10 Day Avg. Volume1,935,782
30 Day Avg. Volume1,323,643
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)<0.01
Price to Sales (P/S)19.49
P/FCF Ratio-0.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£64.00Price Target Upside103.17% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Smarter Web Company PLC Business Overview & Revenue Model
Company Description
Smarter Web is a technology company based in the UK that runs a Bitcoin treasury strategy in parallel with its web services operations. Bitcoin serves as the company's main treasury reserve asset, held with the goal of generating long-term value f...
Smarter Web Company PLC Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
63
Positive
Cash Flow
35
Negative
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2019 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 496.73K | 70.03K | 0.00 | 0.00 | 0.00 | 1.39K |
| Gross Profit | 389.93K | 873.88K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 1.38M | 3.20M | -504.70K | -208.05K | -96.89K | -57.36K |
| Net Income | -69.09M | 1.62M | -504.70K | -208.66K | -98.89K | -229.17K |
Balance Sheet | ||||||
| Total Assets | 160.81M | 223.04M | 111.45K | 24.00K | 81.20K | 47.64K |
| Cash, Cash Equivalents and Short-Term Investments | 1.27M | 1.50M | 109.25K | 9.05K | 77.22K | 24.60K |
| Total Debt | 23.78M | 11.00M | 1.01M | 74.61K | 74.00K | 50.00K |
| Total Liabilities | 26.24M | 12.66M | 1.03M | 440.68K | 289.23K | 135.19K |
| Stockholders Equity | 134.58M | 210.38M | -921.38K | -416.68K | -208.02K | -87.56K |
Cash Flow | ||||||
| Free Cash Flow | -170.66M | -1.64M | -564.66K | -117.56K | -72.57K | -30.31K |
| Operating Cash Flow | -3.90M | -1.63M | -564.66K | -117.56K | -72.57K | -30.31K |
| Investing Cash Flow | -395.70M | -220.51M | 0.00 | 0.00 | 0.00 | 8.49K |
| Financing Cash Flow | 399.33M | 223.53M | 664.86K | 140.94K | 149.00K | 0.00 |
Smarter Web Company PLC Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | £197.04M | 80.77 | 5.22% | 0.83% | 19.00% | -53.85% | |
58 Neutral | £122.35M | 0.70 | -52.60% | ― | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | £24.70M | -13.35 | -8.35% | ― | 7.66% | 8.26% | |
49 Neutral | £13.94M | -1.17 | -24.02% | ― | ― | ― | |
45 Neutral | £1.50M | 5.33 | 58.02% | ― | ― | ― | |
45 Neutral | £105.61M | 3.34 | 4.57% | 0.15% | -31.46% | 297.44% |
* General Sector Average
GB:SWC
Smarter Web Company PLC
33.80
-7.95
-19.04%
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Smarter Web Company PLC Corporate Events
Business Operations and StrategyExecutive/Board Changes
Smarter Web Company confirms executive exit while reaffirming Bitcoin treasury stance
Neutral
Aug 25, 2026
The Smarter Web Company PLC has announced that Jesse Myers will leave the business effective 1 September 2026, while its existing Bitcoin Treasury Policy will remain unchanged under the oversight of the board. Chief executive Andrew Webley said th...
Business Operations and StrategyPrivate Placements and Financing
Smarter Web Company Raises £76,000 via Share Placing as It Leans Further into Bitcoin Treasury Strategy
Neutral
Aug 24, 2026
The Smarter Web Company has raised gross proceeds of £76,306 through the placing of 225,000 ordinary shares at approximately £0.34 per share under an existing subscription agreement, leaving 43,924,230 shares still to be placed. The comp...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Smarter Web Company boosts Bitcoin treasury, secures cheaper credit and raises fresh equity
Positive
Aug 3, 2026
The Smarter Web Company has expanded its Bitcoin treasury under its 10-year strategy, purchasing 11.89 Bitcoin for about £559,000 and bringing total holdings to 2,712 Bitcoin, while maintaining a modest leverage ratio of roughly 17% on its &#...
Business Operations and StrategyPrivate Placements and Financing
Smarter Web Company Repays Bitcoin-Funded Convertible, Cancels Potential Share Issue
Positive
Jul 23, 2026
The Smarter Web Company PLC has repaid its Smarter Convert instrument held by TOBAM-related entities, two weeks ahead of maturity, by disposing of 177.8909127 Bitcoin acquired from the original subscription proceeds. The $11.7m repayment removes t...
Business Operations and Strategy
Smarter Web Company Completes £210m Capital Reduction Amid Bitcoin-Focused Treasury Strategy
Neutral
Jul 22, 2026
The Smarter Web Company PLC, a UK-listed provider of web design, development and online marketing services, is pursuing growth through its core offerings and selective acquisitions aimed at boosting recurring revenue. The company also operates an ...
Business Operations and StrategyPrivate Placements and Financing
Smarter Web Company Raises £207k as Bitcoin‑Heavy Treasury Strategy Continues
Neutral
Jul 20, 2026
The Smarter Web Company PLC has raised gross proceeds of £207,227 through the placing of 703,160 new ordinary shares under a previously announced subscription agreement. The shares were issued at about £0.295 each, with the company recei...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Smarter Web Company Confirms £210m Capital Reduction and Reshapes Investor Relations
Neutral
Jul 15, 2026
Smarter Web Company PLC has secured High Court approval to reduce its share premium account by £210 million, with the capital reduction becoming effective upon registration with the UK Registrar of Companies. The company also announced the de...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Smarter Web Company Confirms Capital Reduction and Reshapes Investor Relations
Positive
Jul 15, 2026
Smarter Web Company PLC, a UK‑listed provider of web design, development and online marketing services, is pursuing growth through existing offerings and targeted acquisitions that increase clients and recurring revenue. The company also mai...
Business Operations and StrategyDelistings and Listing ChangesFinancial DisclosuresPrivate Placements and Financing
Smarter Web Company leans on Bitcoin treasury as uplisting costs drive interim loss
Negative
Jun 30, 2026
Smarter Web Company PLC reported an operating loss of £2.7 million for the six months to 30 April 2026, largely driven by one-off costs from its uplisting to the Main Market of the London Stock Exchange. A reported loss of £71.9 million ...
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
Smarter Web Investors Back £210m Capital Reduction Ahead of Court Approval
Positive
Jun 17, 2026
Shareholders of The Smarter Web Company PLC have approved a special resolution to reduce the company’s share premium account by £210m, subject to confirmation by the High Court of Justice in England and Wales. The move, which does not a...
Business Operations and StrategyExecutive/Board Changes
Smarter Web Company Promotes Hewett to CFO as It Scales Bitcoin-Led Growth Strategy
Positive
Jun 16, 2026
The Smarter Web Company PLC has promoted Oliver Hewett to Chief Financial Officer, elevating him from Group Financial Controller less than two months after his appointment, in a move that strengthens its senior leadership as it executes a long-ter...
Business Operations and StrategyPrivate Placements and Financing
Smarter Web Company Raises £0.3m via Share Subscription as Bitcoin Treasury Strategy Adds Risk
Neutral
Jun 15, 2026
The Smarter Web Company PLC has placed 1,067,000 new ordinary shares under its existing subscription agreement, raising gross proceeds of about £299,091 at roughly £0.28 per share, with the company set to receive around 98.25% of that su...
Business Operations and StrategyPrivate Placements and Financing
Smarter Web Company Raises £145,670 in Share Placement as It Pursues Bitcoin-Backed Growth Strategy
Positive
Jun 8, 2026
The Smarter Web Company PLC has raised gross proceeds of £145,670 through the placing of 502,250 ordinary shares under a previously agreed subscription arrangement, at an effective price of about £0.29 per share. The company will receive...
Business Operations and StrategyShareholder Meetings
Smarter Web Company Seeks £210m Capital Reduction to Boost Financial Flexibility
Neutral
Jun 1, 2026
The Smarter Web Company PLC has called a general meeting on 17 June 2026 to seek shareholder approval for a £210m reduction of its share premium account, a move designed to create distributable reserves without changing its share count, secur...
Business Operations and StrategyPrivate Placements and Financing
Smarter Web Company Raises £469,000 From Warrant Exercises and Expands Share Capital
Neutral
Jun 1, 2026
The Smarter Web Company has issued 18,762,603 new ordinary shares following the exercise of pre-IPO warrants at £0.025 per share, raising gross proceeds of £469,065 and increasing its share capital to 371,965,705 ordinary shares, all adm...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Smarter Web Company Expands Bitcoin Treasury and Leverage Exposure
Positive
May 29, 2026
The Smarter Web Company has purchased an additional 9 Bitcoin for approximately £493,000 as part of its ongoing “10 Year Plan” treasury strategy, bringing its total holdings to 2,878 Bitcoin acquired at an average price of £8...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Smarter Web Company Expands Bitcoin Treasury and Adds Leverage via Coinbase Facility
Positive
May 26, 2026
The Smarter Web Company has purchased an additional 10 Bitcoin for £557,865 at an average price of £55,786 per coin, bringing its total holdings to 2,869 Bitcoin acquired for £232.5m and delivering a reported quarter-to-date BTC Yie...
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.