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Tan Delta Systems PLC
(LSE:TAND)
Select Model
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Rating:48Neutral
Price Target:
29.00 p
▲(0.00% Upside)
Action:Reiterated
Date:08/25/26
The score is primarily held back by weak financial performance—deep recent losses, shrinking equity, and persistent negative free cash flow—despite strong gross margins and low leverage. Technicals are mixed with only modest near-term momentum and longer-term trend weakness. Valuation is constrained by negative earnings (negative P/E), while the corporate event provides some support via financing flexibility but also introduces potential dilution risk.
Positive Factors
Strong gross margins
Stable gross margins near 60% indicate that the monitoring products generate healthy economics before operating costs. This provides a durable base for rebuilding profitability if spending becomes better aligned with revenue, while preserving room to fund product development and customer support.
Negative Factors
Persistent operating losses
The move from solid profitability to large operating and net losses shows that current revenue is not covering the company’s operating cost base. Unless profitability improves, continued losses can constrain investment capacity and weaken the durability of the business model.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong gross margins
Stable gross margins near 60% indicate that the monitoring products generate healthy economics before operating costs. This provides a durable base for rebuilding profitability if spending becomes better aligned with revenue, while preserving room to fund product development and customer support.
Read all positive factors
Tan Delta Systems PLC (TAND) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£21.23M
Dividend YieldN/A
Average Volume (3M)1.17K
Price to Earnings (P/E)―
Beta (1Y)-0.20
Revenue Growth0.57%
EPS Growth-35.85%
CountryUK
Employees20
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)-0.02
Shares Outstanding73,223,800
10 Day Avg. Volume21
30 Day Avg. Volume1,171
Financial Highlights & Ratios
PEG Ratio-0.43
Price to Book (P/B)10.56
Price to Sales (P/S)19.47
P/FCF Ratio-14.51
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
Tan Delta Systems PLC Business Overview & Revenue Model
Company Description
Tan Delta Systems Plc specializes in the creation and distribution of advanced equipment and sensors for monitoring oil quality. Their product line features complete kits, a variety of display interfaces, connectivity hardware such as gateways and...
How the Company Makes Money
Tan Delta Systems PLC generates revenue primarily by selling its oil-condition monitoring solutions used in industrial and heavy-equipment settings. Key revenue streams include: (1) sales of monitoring hardware/sensors and related installation com...
Tan Delta Systems PLC Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.22M | 1.22M | 1.46M | 1.57M | 1.02M |
| Gross Profit | 737.25K | 754.34K | 869.31K | 990.00K | 647.00K |
| EBITDA | -1.49M | -1.07M | -1.03M | 320.00K | 43.00K |
| Net Income | -1.58M | -1.17M | -1.10M | 282.46K | 23.00K |
Balance Sheet | |||||
| Total Assets | 2.59M | 4.38M | 5.49M | 1.05M | 721.00K |
| Cash, Cash Equivalents and Short-Term Investments | 1.49M | 3.08M | 4.56M | 186.00K | 192.00K |
| Total Debt | 43.95K | 72.17K | 99.56K | 188.00K | 237.00K |
| Total Liabilities | 335.02K | 587.11K | 565.39K | 555.00K | 507.00K |
| Stockholders Equity | 2.25M | 3.79M | 4.92M | 496.00K | 214.00K |
Cash Flow | |||||
| Free Cash Flow | -1.64M | -1.61M | -1.02M | 47.00K | 68.00K |
| Operating Cash Flow | -1.63M | -1.54M | -957.79K | 207.00K | 81.00K |
| Investing Cash Flow | 63.15K | -63.48K | -28.48K | -160.00K | -13.00K |
| Financing Cash Flow | -30.00K | 136.26K | 5.35M | -53.00K | -40.00K |
Tan Delta Systems PLC Technical Analysis
Neutral
29.00
Price Trends
28.82
Positive
29.64
Negative
31.50
Negative
Market Momentum
0.02
Positive
64.87
Neutral
61.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TAND, the sentiment is Neutral. The current price of 29 is equal to the 20-day moving average (MA) of 29.00, above the 50-day MA of 28.82, and below the 200-day MA of 31.50, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 64.87 is Neutral, neither overbought nor oversold. The STOCH value of 61.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:TAND.
Tan Delta Systems PLC Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £276.94M | 8.73 | 19.41% | 0.37% | 9.38% | 8.07% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | £575.72M | 18.65 | 5.11% | 2.55% | -12.20% | ― | |
59 Neutral | £4.73M | -7.14 | -17.49% | 6.38% | 7.34% | 74.70% | |
49 Neutral | £13.92M | 18.27 | 7.41% | 5.06% | ― | ― | |
48 Neutral | £21.23M | -13.49 | -60.04% | ― | 0.57% | -35.85% |
* Energy Sector Average
GB:TAND
Tan Delta Systems PLC
29.00
7.00
31.82%
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GB:AT
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Tan Delta Systems PLC Corporate Events
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
Tan Delta shareholders back all AGM resolutions, renew capital-raising powers
Positive
Jun 29, 2026
Tan Delta Systems reported that all 11 resolutions at its Annual General Meeting in London on 29 June 2026 were passed on a poll with near-unanimous shareholder support. Investors backed the receipt of the 2025 accounts, the reappointment of direc...
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.