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Tekmar Group plc
(LSE:TGP)
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Rating:56Neutral
Price Target:
16.00 p
▲(6.67% Upside)
Action:Reiterated
Date:06/19/26
The score is held back primarily by weak financial performance (persistent losses, steep revenue contraction, and FY2025 cash burn). This is partly offset by strong technical momentum (price above key moving averages with positive MACD) and a neutral valuation picture due to the negative P/E and no dividend data.
Positive Factors
Niche subsea engineering
Tekmar’s focused offering for subsea cable protection and related engineering services creates durable competitive positioning in offshore infrastructure. Specialized products and project-based engineering create technical barriers and recurring tender opportunities with developers, EPCs and installation contractors supporting long-term revenue potential.
Negative Factors
Severe revenue decline
A 67% revenue collapse materially weakens operating leverage and makes fixed-cost absorption harder, prolonging losses. Such a structural drop heightens execution risk, forces reliance on fewer projects, and means any recovery requires sustained new contract wins across quarters rather than a single one-off order.
Read all positive and negative factors
Positive Factors
Negative Factors
Niche subsea engineering
Tekmar’s focused offering for subsea cable protection and related engineering services creates durable competitive positioning in offshore infrastructure. Specialized products and project-based engineering create technical barriers and recurring tender opportunities with developers, EPCs and installation contractors supporting long-term revenue potential.
Read all positive factors
Tekmar Group plc (TGP) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£19.92M
Dividend YieldN/A
Average Volume (3M)119.03K
Price to Earnings (P/E)―
Beta (1Y)1.10
Revenue Growth12.56%
EPS Growth65.81%
CountryUK
Employees136
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.02
Shares Outstanding139,796,170
10 Day Avg. Volume123,142
30 Day Avg. Volume119,034
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.34
Price to Sales (P/S)0.29
P/FCF Ratio-3.88
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)>-0.01
Revenue Forecast (FY)£38.60M
Tekmar Group plc Business Overview & Revenue Model
Company Description
Tekmar Group plc is a prominent provider of subsea stability and protection solutions specifically engineered for the offshore energy sector. The company's expertise spans the entire lifecycle, from the design and development to the manufacturing,...
How the Company Makes Money
Tekmar Group plc makes money primarily by selling engineered products and associated engineering services for offshore/subsea infrastructure projects. Its revenue is largely project-based, generated when developers, EPC contractors, and installati...
Tekmar Group plc Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
58
Neutral
Cash Flow
33
Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 32.58M | 28.75M | 32.81M | 39.91M | 30.19M | 47.03M |
| Gross Profit | 11.61M | 10.69M | 10.52M | 9.30M | 7.04M | 10.72M |
| EBITDA | -196.00K | -1.14M | -1.97M | -7.20M | -2.08M | -1.75M |
| Net Income | -2.40M | -3.91M | -6.41M | -10.12M | -5.13M | -5.44M |
Balance Sheet | ||||||
| Total Assets | 39.77M | 42.09M | 50.91M | 53.26M | 56.94M | 56.42M |
| Cash, Cash Equivalents and Short-Term Investments | 1.94M | 3.41M | 4.63M | 5.22M | 8.50M | 3.48M |
| Total Debt | 5.58M | 6.85M | 7.48M | 7.88M | 7.39M | 6.34M |
| Total Liabilities | 16.30M | 17.64M | 22.74M | 18.60M | 17.73M | 16.20M |
| Stockholders Equity | 23.48M | 24.44M | 28.16M | 34.65M | 39.21M | 40.22M |
Cash Flow | ||||||
| Free Cash Flow | -4.14M | -2.14M | 1.37M | -7.00M | -71.00K | -4.03M |
| Operating Cash Flow | -3.34M | -1.47M | 3.30M | -5.67M | 1.57M | -1.52M |
| Investing Cash Flow | 2.59M | 1.06M | -1.95M | -1.29M | -1.64M | -2.50M |
| Financing Cash Flow | -1.63M | -784.00K | -1.61M | 3.97M | 4.76M | 5.53M |
Tekmar Group plc Technical Analysis
Negative
15.00
Price Trends
14.64
Negative
14.26
Negative
12.19
Positive
Market Momentum
0.03
Positive
36.39
Neutral
30.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TGP, the sentiment is Negative. The current price of 15 is above the 20-day moving average (MA) of 14.80, above the 50-day MA of 14.64, and above the 200-day MA of 12.19, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 36.39 is Neutral, neither overbought nor oversold. The STOCH value of 30.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:TGP.
Tekmar Group plc Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £2.24B | 31.74 | 15.00% | 1.88% | 2.80% | -11.76% | |
68 Neutral | £44.51M | 8.74 | 3.92% | 2.83% | 29.24% | 224.63% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | £19.92M | -8.28 | -10.04% | ― | 12.56% | 65.81% | |
51 Neutral | £9.49M | -5.93 | -5.93% | 1.90% | 9.94% | 50.24% | |
41 Neutral | £52.35M | 39.86 | 2.61% | 2.72% | -15.36% | -84.62% |
* Industrials Sector Average
GB:TGP
Tekmar Group plc
14.25
9.00
171.43%
GB:BILN
Billington Holdings
405.00
78.92
24.20%
GB:HILS
Hill & Smith Holdings
2,825.00
738.88
35.42%
GB:SMJ
J Smart & Co (Contractors)
115.00
-2.87
-2.44%
GB:NEXS
Nexus Infrastructure Plc
105.00
-29.29
-21.81%
Tekmar Group plc Corporate Events
Business Operations and StrategyFinancial Disclosures
Tekmar to Host Investor Presentation on Interim Results
Neutral
Jun 18, 2026
Tekmar Group plc, a specialist in offshore asset protection technology and energy services, operates globally from its UK base to support the energy transition and marine infrastructure sectors. Its two core divisions deliver proprietary solutions...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Tekmar lifts revenue and order book as Project Aurora drives turnaround
Positive
Jun 18, 2026
Tekmar Group reported a sharp improvement in interim trading for the six months to 31 March 2026, with revenue up 31% to £16.2m, gross margins rising to 30.5% and adjusted EBITDA turning positive at £0.1m, helped by stronger activity in ...
Private Placements and FinancingRegulatory Filings and Compliance
Tekmar Group Expands Share Capital After Employee Option Exercise
Neutral
May 20, 2026
Tekmar Group plc has issued 65,276 new ordinary shares following the exercise of options under its 2023 Save As You Earn scheme, expanding its equity base while facilitating employee participation. The new shares are expected to begin trading on A...
Delistings and Listing ChangesRegulatory Filings and Compliance
Tekmar Issues New Shares After Employee Option Exercise
Neutral
May 7, 2026
Tekmar Group plc has issued 179,508 new ordinary shares following the exercise of options under its 2023 Save As You Earn scheme, reflecting employee participation in the company’s equity. The new shares will be admitted to trading on AIM, r...
Business Operations and StrategyExecutive/Board Changes
Tekmar Grants 1.5 Million Share Options to Chair Steve Lockard
Positive
May 7, 2026
Tekmar Group plc has established a new share option plan and granted 1.5 million options to chair Steve Lockard, reflecting his significant contribution since joining the board in 2023 and becoming chair in 2024. The grant is structured in three t...
Business Operations and StrategyExecutive/Board Changes
Tekmar unveils new management share option plan covering over 4% of equity
Neutral
May 7, 2026
Tekmar Group plc has launched a new share option plan and granted options to senior management, including CEO Richard Turner and CFO Phil Lanigan, alongside other PDMRs. The awards, which vest three years after each executive’s start date an...
Business Operations and StrategyShareholder Meetings
Tekmar Shareholders Back All Resolutions at Annual Meeting
Positive
Mar 31, 2026
Tekmar Group plc said all resolutions at its latest annual general meeting were approved by shareholders, reaffirming support for the company’s strategy and governance. The vote outcome underpins management’s plan to strengthen Tekmar&...
Business Operations and Strategy
Tekmar wins £2m cable protection deals on Japanese offshore wind project
Positive
Mar 31, 2026
Tekmar Group plc has secured two contracts worth a combined £2 million to supply its 10th generation cable protection technology to a Japanese offshore wind farm developer. Work on the project will start immediately, with revenue expected to ...
Business Operations and Strategy
Tekmar wins £2m Japanese offshore wind contracts to bolster Asia-Pacific growth
Positive
Mar 31, 2026
Tekmar Group plc, a specialist in offshore asset protection technology and energy services, has secured two contracts worth a combined £2 million for a Japanese offshore wind farm project. The main award covers the supply of its 10th-generati...
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.