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Shearwater
(LSE:SWG)
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Rating:55Neutral
Price Target:
67.00 p
▲(14.53% Upside)
Action:Reiterated
Date:10/30/26
The score is driven primarily by improving operating trends and a strong, low-leverage balance sheet, offset by continued lack of profitability (negative P/E) and only mixed near-term technical signals (below the 20-day average with neutral RSI).
Positive Factors
Revenue rebound
The sharp latest-period revenue rebound indicates stronger commercial traction and renewed demand across the business. If retained, this larger revenue base can improve operating leverage, support investment in cybersecurity capabilities, and strengthen Shearwater’s competitive position over the next several quarters.
Negative Factors
Continued losses
Shearwater has not yet demonstrated consistently positive profitability, despite the strong revenue rebound. Continued EBIT and net losses limit internally generated capital, weaken returns on the company’s asset base, and leave execution of the growth strategy dependent on achieving further operating improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
The sharp latest-period revenue rebound indicates stronger commercial traction and renewed demand across the business. If retained, this larger revenue base can improve operating leverage, support investment in cybersecurity capabilities, and strengthen Shearwater’s competitive position over the next several quarters.
Read all positive factors
Shearwater (SWG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£15.61M
Dividend YieldN/A
Average Volume (3M)101.03K
Price to Earnings (P/E)―
Beta (1Y)0.58
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees90
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-0.04
Shares Outstanding23,829,712
10 Day Avg. Volume159,446
30 Day Avg. Volume101,035
Financial Highlights & Ratios
PEG Ratio0.23
Price to Book (P/B)0.26
Price to Sales (P/S)0.21
P/FCF Ratio4.90
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)0.06
Revenue Forecast (FY)£38.00M
Shearwater Business Overview & Revenue Model
Company Description
Shearwater Group plc offers operational resilience capabilities to clients across the United Kingdom, Europe, North America, and other international markets. The company's operations are structured into two distinct divisions: Software and Service...
Shearwater Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
78
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Jun 2026 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.00M | 42.31M | 31.64M | 22.64M | 26.69M | 35.88M |
| Gross Profit | 1.50M | 5.71M | 4.18M | 3.32M | 3.32M | 7.41M |
| EBITDA | 0.00 | 2.48M | -7.21M | 320.00K | -6.42M | 4.46M |
| Net Income | -1.00M | -394.00K | -9.57M | -2.17M | -8.18M | -292.00K |
Balance Sheet | ||||||
| Total Assets | 52.80M | 66.21M | 53.23M | 62.23M | 69.70M | 78.61M |
| Cash, Cash Equivalents and Short-Term Investments | 2.20M | 5.60M | 5.06M | 4.97M | 3.96M | 5.58M |
| Total Debt | 100.00K | 226.00K | 267.00K | 378.00K | 321.00K | 206.00K |
| Total Liabilities | 20.10M | 32.82M | 19.50M | 16.25M | 21.58M | 22.40M |
| Stockholders Equity | 32.70M | 33.39M | 33.73M | 45.98M | 48.12M | 56.21M |
Cash Flow | ||||||
| Free Cash Flow | -2.30M | 1.80M | 1.62M | 1.23M | -1.41M | -1.60M |
| Operating Cash Flow | -2.30M | 1.82M | 1.64M | 2.30M | -74.00K | -456.00K |
| Investing Cash Flow | -500.00K | -1.10M | -1.37M | -1.07M | -1.34M | -1.15M |
| Financing Cash Flow | -100.00K | -187.00K | -185.00K | -216.00K | -200.00K | -872.00K |
Shearwater Technical Analysis
Positive
58.50
Price Trends
62.46
Positive
55.18
Positive
48.20
Positive
Market Momentum
1.19
Positive
47.14
Neutral
19.44
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SWG, the sentiment is Positive. The current price of 58.5 is below the 20-day moving average (MA) of 68.58, below the 50-day MA of 62.46, and above the 200-day MA of 48.20, indicating a neutral trend. The MACD of 1.19 indicates Positive momentum. The RSI at 47.14 is Neutral, neither overbought nor oversold. The STOCH value of 19.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:SWG.
Shearwater Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | £78.11M | 32.93 | 16.07% | ― | 24.53% | ― | |
65 Neutral | £29.72M | -16.06 | -8.35% | ― | 7.66% | 8.26% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | £59.72M | -15.74 | -23.16% | ― | -6.58% | -85.28% | |
55 Neutral | £15.61M | -39.70 | -1.17% | ― | ― | ― | |
55 Neutral | £53.30M | -118.55 | 31.19% | 9.58% | 17.23% | 29.17% | |
42 Neutral | £13.40M | -1.45 | -16.28% | 5.66% | 7.96% | 83.46% |
* Technology Sector Average
GB:SWG
Shearwater
65.50
3.00
4.80%
GB:BGO
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77.50
-21.00
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GB:CNS
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15.25
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GB:IOM
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11.80
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GB:PCIP
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GB:SYS
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35.50
18.00
102.86%
Shearwater Corporate Events
Business Operations and Strategy
Shearwater’s Brookcourt wins £1.7m UK government cyber threat intelligence contract
Positive
Oct 20, 2026
Shearwater’s subsidiary Brookcourt Solutions has secured a £1.7 million, two-year advanced threat intelligence contract with an existing UK central government department, replacing and expanding a previous agreement. The deal, awarded v...
Business Operations and StrategyFinancial Disclosures
Shearwater to unveil 2026 results with investor presentation on AIM
Positive
Oct 15, 2026
Shearwater Group PLC will release its results for the year ended 30 June 2026 on 27 October 2026, underscoring a key update for investors in the cybersecurity and managed security services sector. The company’s leadership aims to showcase it...
Business Operations and StrategyShareholder Meetings
Shearwater Wins Shareholder Backing for Capital Restructuring
Positive
Oct 13, 2026
Shearwater Group plc, the AIM-listed cybersecurity advisory and managed security services provider, operates a comprehensive suite of solutions spanning identity and access management, data protection, cyber defence, managed security operations an...
Business Operations and StrategyStock BuybackDividendsShareholder Meetings
Shearwater Seeks Capital Reduction to Restore Dividend Capacity
Positive
Sep 25, 2026
Shearwater Group plc has called a general meeting on 13 October 2026 to seek shareholder approval for a court‑sanctioned reduction of capital, including the cancellation of all deferred shares and the company’s share premium account. T...
Business Operations and Strategy
Shearwater expands UK public sector reach with enlarged G-Cloud 15 cybersecurity portfolio
Positive
Aug 6, 2026
Shearwater Group has expanded its presence on the UK government’s G-Cloud 15 framework through its subsidiaries Brookcourt Solutions and Pentest Limited, securing approvals for a wider array of cloud-based cybersecurity solutions and service...
Business Operations and Strategy
Shearwater Group Updates Registered Office in Central London
Neutral
Jul 31, 2026
Shearwater Group plc, a London-listed cybersecurity and managed security services provider, has announced a change to its registered office address, effective 1 August 2026, moving from Great James Street to 1 Chancery Lane in central London. The ...
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.