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Tekcapital
(LSE:TEK)
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Rating:46Neutral
Price Target:
2.50 p
▼(-27.54% Downside)
Action:Reiterated
Date:09/30/26
The score is held down primarily by weak financial performance—especially the severe revenue decline, large losses, and multi-year negative operating/free cash flow—despite a low-risk, debt-free balance sheet. Technicals add further pressure with a strong downtrend and negative momentum signals. Valuation appears very low on P/E, but the overall impact is tempered by concerns about earnings quality and sustainability.
Positive Factors
Debt-free balance sheet
A debt-free capital structure reduces mandatory financing costs and refinancing exposure, giving Tekcapital greater flexibility to support portfolio companies or withstand periods of weak monetisation. This provides a durable financial cushion even though it does not resolve the company’s profitability challenges.
Negative Factors
Severe revenue decline
The steep annual revenue contraction shows that Tekcapital’s income stream is highly dependent on portfolio monetisation events rather than a stable recurring base. Such volatility makes near-term planning harder and can constrain the company’s ability to fund portfolio development from internally generated income.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free capital structure reduces mandatory financing costs and refinancing exposure, giving Tekcapital greater flexibility to support portfolio companies or withstand periods of weak monetisation. This provides a durable financial cushion even though it does not resolve the company’s profitability challenges.
Read all positive factors
Tekcapital (TEK) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£6.69M
Dividend YieldN/A
Average Volume (3M)719.95K
Price to Earnings (P/E)<0.1
Beta (1Y)0.85
Revenue Growth-12.58%
EPS Growth1736.08%
CountryUK
Employees5
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)N/A
Shares Outstanding257,178,530
10 Day Avg. Volume883,348
30 Day Avg. Volume719,953
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.38
Price to Sales (P/S)73.87
P/FCF Ratio-9.77
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
Tekcapital Business Overview & Revenue Model
Company Description
Tekcapital plc, an entity operating across the UK and US markets, specializes in providing technology commercialization services to both academic institutions and corporate entities. Its diverse product portfolio includes Microsalt, featuring fine...
How the Company Makes Money
Tekcapital’s business model is to create and own equity stakes in portfolio companies built around acquired or licensed IP, then generate returns primarily through the appreciation and monetisation of those equity interests. Key ways it makes mone...
Tekcapital Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
74
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 281.37K | 285.26K | 425.99K | 735.26K | -9.30M | 815.99K |
| Gross Profit | 279.79K | 282.22K | -439.02K | 421.18K | -9.51M | 552.07K |
| EBITDA | -1.55M | -1.63M | -1.89M | -1.31M | -11.75M | -1.05M |
| Net Income | 121.02M | -17.44M | 19.16M | -15.69M | -11.77M | 26.37M |
Balance Sheet | ||||||
| Total Assets | 203.22M | 55.98M | 70.64M | 48.62M | 58.15M | 68.47M |
| Cash, Cash Equivalents and Short-Term Investments | 203.68K | 529.38K | 786.29K | 620.25K | 628.64K | 3.54M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 425.14K | 882.57K | 571.57K | 734.54K | 388.61K | 406.93K |
| Stockholders Equity | 202.79M | 55.10M | 70.07M | 47.89M | 57.77M | 68.06M |
Cash Flow | ||||||
| Free Cash Flow | -3.18M | -2.16M | -1.50M | -1.33M | -2.57M | -1.82M |
| Operating Cash Flow | -3.18M | -2.16M | -1.50M | -1.26M | -2.56M | -1.81M |
| Investing Cash Flow | -273.26K | -845.09K | -1.82M | -3.59M | -2.68M | -3.46M |
| Financing Cash Flow | 2.35M | 2.71M | 3.53M | 4.83M | 2.30M | 8.85M |
Tekcapital Technical Analysis
Negative
3.45
Price Trends
3.48
Negative
4.42
Negative
6.44
Negative
Market Momentum
-0.24
Positive
26.45
Positive
28.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TEK, the sentiment is Negative. The current price of 3.45 is above the 20-day moving average (MA) of 3.00, below the 50-day MA of 3.48, and below the 200-day MA of 6.44, indicating a bearish trend. The MACD of -0.24 indicates Positive momentum. The RSI at 26.45 is Positive, neither overbought nor oversold. The STOCH value of 28.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:TEK.
Tekcapital Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | £69.69M | 4.48 | 43.71% | 6.05% | ― | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
50 Neutral | £13.52M | -1.43 | -61.36% | ― | 17.82% | -173.24% | |
46 Neutral | £6.69M | 0.07 | 93.86% | ― | -12.58% | 1736.08% | |
43 Neutral | £20.34M | -2.58 | -21.57% | 12.50% | 4.57% | -3.85% | |
41 Neutral | £608.81K | -0.03 | 3573.66% | ― | -40.26% | 86.36% | |
41 Neutral | £676.21K | -0.50 | -135.15% | ― | ― | ― |
* Financial Sector Average
GB:TEK
Tekcapital
2.60
-7.50
-74.26%
GB:PULS
Access Intelligence
14.50
-24.00
-62.34%
GB:SPSC
Spectra Systems
170.00
-21.97
-11.44%
GB:COIN
Coinsilium Group
2.75
-2.05
-42.71%
GB:ENET
Ethernity Networks Ltd.
0.01
-0.01
-50.00%
GB:GNIP
GenIP Plc
2.65
-19.35
-87.95%
Tekcapital Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Tekcapital raises £550,000 as portfolio companies advance commercial growth and Vesari targets SPAC deal
Positive
Sep 29, 2026
Tekcapital has raised £550,000 through a placing of 24,444,444 new shares at 2.25 pence each, bolstering its balance sheet to advance its investment strategy across existing and new portfolio companies, with admission of the new shares to AIM...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Tekcapital’s Vesari Taps ARC for Potential SPAC Listing to Fund Geothermal AI Campus
Positive
Sep 18, 2026
Tekcapital’s portfolio company Vesari Inc., which is building geothermal-powered, behind-the-meter data centres for hyperscale artificial intelligence workloads, has appointed ARC Group International as capital markets adviser for a potentia...
Business Operations and StrategyPrivate Placements and Financing
Tekcapital Lifts MicroSalt Stake to 65% Through US$2.4m Debt-to-Equity Conversion
Positive
Sep 10, 2026
Tekcapital plc has converted US$2.4 million of convertible loan notes in its portfolio company MicroSalt plc into equity at a conversion price of 16p per share. The transaction results in the issuance of 11,077,468 new MicroSalt shares to Tekcapit...
Business Operations and StrategyExecutive/Board Changes
Tekcapital’s Vesari Adds Top Geothermal Scientist to Bolster AI Data Centre Push
Positive
Sep 8, 2026
Tekcapital’s portfolio company Vesari Inc, which is building geothermal-powered hyperscale AI compute campuses, has strengthened its scientific leadership by appointing veteran enhanced geothermal systems expert Dr Robert K. Podgorney to its...
Business Operations and Strategy
Tekcapital’s Guident and FSCJ Launch Autonomous Mobility Training Hub
Positive
Aug 28, 2026
Tekcapital portfolio company Guident Corp. has entered a strategic collaboration with Florida State College at Jacksonville to launch an autonomous mobility training centre at the college’s Downtown Campus. The partnership embeds GuidentR...
Business Operations and StrategyFinancial DisclosuresProduct-Related Announcements
Tekcapital’s Innovative Eyewear Wins Major U.S. Retail Rollout as Portfolio Value Surges
Positive
Aug 25, 2026
Tekcapital portfolio company Innovative Eyewear Inc. is expanding its Lucyd Armor smart safety glasses into more than 150 stores of one of the largest big-box retailers in the United States, with sales expected to start in October 2026. The rollou...
Business Operations and StrategyFinancial DisclosuresProduct-Related Announcements
Tekcapital portfolio firm Innovative Eyewear inks HTC deal for U.S. launch of VIVE Eagle smart glasses
Positive
Aug 24, 2026
Tekcapital’s portfolio company Innovative Eyewear has entered a strategic alliance with Taiwan’s HTC Corporation to commercialise the VIVE Eagle smart eyewear line in the U.S., with sales to be handled via Innovative’s Lucyd.co w...
Business Operations and StrategyFinancial Disclosures
Tekcapital’s Vesari-Driven Revaluation Propels Record H1 Profits and Net Assets
Positive
Aug 21, 2026
Tekcapital reported a transformational first half to 2026, with net assets surging to US$201.7m from US$55.1m, NAV per share rising to US$0.78, and portfolio value climbing to US$191.4m, driving profit after tax to US$144.8m on sharply higher port...
Business Operations and StrategyProduct-Related Announcements
Tekcapital portfolio firm Innovative Eyewear adds AI news and Gemini features to Lucyd smart glasses
Positive
Aug 21, 2026
Tekcapital’s portfolio company Innovative Eyewear has introduced a suite of AI-driven upgrades to its Lucyd app for iOS and Android, highlighted by a Newscast widget that generates personalised, podcast-style audio news briefings for playbac...
Business Operations and StrategyFinancial Disclosures
Tekcapital’s Guident Secures Multi‑Year Robotics Deal as Portfolio Value Surges
Positive
Aug 21, 2026
Tekcapital’s portfolio company Guident has signed a 36‑month contract with Coastal Waste Recycling to deploy its WatchBot autonomous inspection robots and AI-driven monitoring platform across more than 40 waste and recycling sites in ...
Business Operations and StrategyExecutive/Board Changes
Tekcapital’s Vesari strengthens science board with top satellite networking expert
Positive
Aug 20, 2026
Tekcapital’s portfolio company Vesari Inc. has appointed Professor Beatriz Soret, a leading global expert in satellite communications and low-Earth-orbit networking, to its Science Advisory Board, effective 1 September 2026. Her deep experie...
Business Operations and Strategy
Tekcapital’s Vesari Adds Twelfth Patent for Satellite Optical AI Communications
Positive
Aug 19, 2026
Tekcapital’s portfolio company Vesari Inc. has strengthened its intellectual property position with a twelfth non-provisional U.S. patent application, expanding its patent portfolio around the architecture for geothermal-powered hyperscale A...
Business Operations and Strategy
Tekcapital Showcases Majority-Owned Vesari in New Investor Presentation
Positive
Aug 18, 2026
Tekcapital plc has released an investor presentation introducing Vesari, Inc., a portfolio company in which it holds a 51% stake, underscoring its strategy of nurturing IP-rich businesses that can be scaled commercially. The presentation, led by E...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Tekcapital Posts Record Half-Year as Vesari Valuation Transforms Portfolio
Positive
Aug 6, 2026
Tekcapital reported a transformational first half of 2026, with net assets surging to a record US$201.7m and profit after tax jumping to US$144.8m, driven largely by portfolio valuation gains rather than cash returns. The group maintained strict c...
Business Operations and StrategyExecutive/Board Changes
Tekcapital’s Vesari Bolsters Geothermal Expertise for Clean-Powered AI Campus
Positive
Jul 17, 2026
Tekcapital’s portfolio company Vesari Inc. has strengthened its scientific leadership by appointing renowned geothermal expert Dr. Joseph N. Moore to its newly formed Science Advisory Board. Moore’s five-decade career, including leadin...
Business Operations and StrategyDelistings and Listing ChangesProduct-Related Announcements
Tekcapital’s Vesari Files Eleven Patents and Explores U.S. Listing
Positive
Jul 15, 2026
Tekcapital has announced that portfolio company Vesari Inc. has filed and secured assignment of eleven non-provisional U.S. patent applications covering its integrated, behind-the-meter, geothermal-powered AI data centre architecture. The portfoli...
Business Operations and StrategyProduct-Related Announcements
Tekcapital Portfolio Firm Wins 345-Store Canada Smart Eyewear Rollout
Positive
Jul 7, 2026
Tekcapital has highlighted a major commercial milestone for portfolio company Innovative Eyewear as it secures a rollout of Lucyd Armor smart safety eyewear across 345 FYidoctors and Visique clinics operated by Canada’s FYihealth group. The ...
Business Operations and StrategyFinancial DisclosuresProduct-Related Announcements
Tekcapital’s smart eyewear investee posts 71% sales surge and expands retail reach
Positive
Jul 6, 2026
Tekcapital portfolio company Innovative Eyewear has reported unaudited preliminary figures showing first-half 2026 net sales of about $1.77 million, up roughly 71% year on year, marking its twelfth consecutive quarter of revenue growth. Second-qua...
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.