Tan Delta Systems PLC (TAND) AI Stock Analysis

Tan Delta Systems PLC

(LSE:TAND)

Select Model

Rating:42Neutral

Price Target:GBX 21.50▼(-4.44% Downside)

Action:reiterated

Date:10/01/26

The score is held down primarily by weak financial performance (large operating/net losses and sustained negative free cash flow despite strong gross margins and low leverage). Technicals further detract as the price is below key moving averages with negative MACD. Valuation provides limited support because the negative P/E reflects ongoing losses and no dividend yield is available.

Positive Factors

Strong Gross MarginsStable gross margins near 60% indicate the monitoring products and related offerings retain healthy product-level economics. This provides a foundation for eventual operating leverage if revenue scales or costs are better controlled, supporting the business model over the next several quarters.

Negative Factors

Persistent Net LossesThe sharp deterioration from profitability to large net losses shows that current operating costs overwhelm gross profit despite healthy product-level margins. Persistent losses weaken internal funding capacity and make a return to sustainable earnings dependent on stronger scale or cost discipline.

Tan Delta Systems PLC (TAND) vs. iShares MSCI United Kingdom ETF (EWC)

Market Cap: GBP 16.48M
Dividend Yield: ―
Average Volume (3M): 5,617
Price to Earnings (P/E): -10.7
Beta (1Y): -0.07
Revenue Growth: 34.74%
EPS Growth: -8.25%
Country: UK
Employees: 20
Sector: Energy
Sector Strength: 65
Industry: Oil & Gas Equipment & Services

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 mo...

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 compon...

Tan Delta Systems PLC Financial Statement Overview

Summary

Financial performance is weak overall: profitability deteriorated sharply from 2022 to large losses in 2023–2025, and cash flow is consistently negative with ongoing free cash flow burn. The main offsets are strong/stable gross margins (~60%) and very low leverage (debt-to-equity ~2%), but shrinking equity and negative ROE indicate continued value erosion.

Income Statement

24Negative

Balance Sheet

62Positive

Cash Flow

18Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.46M	1.22M	1.22M	1.46M	1.57M	1.02M
Gross Profit	875.73K	737.25K	754.34K	869.31K	990.00K	647.00K
EBITDA	-1.49M	-1.49M	-1.07M	-1.03M	320.00K	43.00K
Net Income	-1.54M	-1.58M	-1.17M	-1.10M	282.46K	23.00K
Balance Sheet
Total Assets	1.83M	2.59M	4.38M	5.49M	1.05M	721.00K
Cash, Cash Equivalents and Short-Term Investments	845.75K	1.49M	3.08M	4.56M	186.00K	192.00K
Total Debt	29.52K	43.95K	72.17K	99.56K	188.00K	237.00K
Total Liabilities	317.88K	335.02K	587.11K	565.39K	555.00K	507.00K
Stockholders Equity	1.51M	2.25M	3.79M	4.92M	496.00K	214.00K
Cash Flow
Free Cash Flow	-1.20M	-1.64M	-1.61M	-1.02M	47.00K	68.00K
Operating Cash Flow	-1.19M	-1.63M	-1.54M	-957.79K	207.00K	81.00K
Investing Cash Flow	82.97K	63.15K	-63.48K	-28.48K	-160.00K	-13.00K
Financing Cash Flow	-78.87K	-30.00K	136.26K	5.35M	-53.00K	-40.00K

Tan Delta Systems PLC Technical Analysis

Technical Analysis SentimentNegative

Last Price22.50

Price Trends

50DMA25.79Negative

100DMA27.15Negative

200DMA30.09Negative

Market Momentum

MACD-0.89Negative

RSI0.38Positive

STOCH50.00Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TAND, the sentiment is Negative. The current price of 22.50 is below the 20-day moving average (MA) of 22.50, below the 50-day MA of 25.79, and below the 200-day MA of 30.09, indicating a bearish trend. The MACD of -0.89 indicates Negative momentum. The RSI at 0.38 is Positive, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:TAND.

Tan Delta Systems PLC Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

GB:TAND against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GB:AT	86Outperform	GBP 493.15M	15.22	19.41%	0.21%	9.38%	8.07%
GB:HTG	68Neutral	GBP 546.22M	17.43	5.11%	2.73%	-12.20%	―
Sector *	65Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
GB:CSC	49Neutral	GBP 13.53M	17.77	7.41%	―	―	―
GB:GTC	47Neutral	GBP 6.50M	-212.50	-0.65%	―	15.94%	98.21%
GB:TAND	42Neutral	GBP 16.48M	-10.71	-81.88%	―	34.74%	-8.25%

* Energy Sector Average

Performance Comparison

GB:TAND and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
GB:TAND	Tan Delta Systems PLC	22.50	-2.50	-10.00%
GB:GTC	Getech Group plc	4.25	2.00	88.89%
GB:HTG	Hunting plc	377.50	27.34	7.81%
GB:CSC	Pressure Technologies	35.00	1.00	2.94%
GB:AT	Ashtead Technology Holdings PLC	609.00	289.88	90.84%

Tan Delta Systems PLC Corporate Events

Business Operations and StrategyFinancial Disclosures

Tan Delta Systems Boosts H1 Revenue as Major Trials Build Pipeline but Slow Rollouts

Neutral

Sep 30, 2026

Tan Delta Systems reported interim results for the six months to 30 June 2026 showing revenue up 45% to £0.76 million and a steady gross margin of 60 percent. The loss before tax narrowed slightly to £0.75 million, while net cash used in op...

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.

Date of analysis: Oct 01, 2026

Tan Delta Systems PLC AI Stock Analysis