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Team Internet Group
(LSE:TIG)
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Rating:47Neutral
Price Target:
41.00 p
▼(-7.87% Downside)
Action:Reiterated
Date:09/17/26
The score is held down primarily by weakening financial performance (sharp revenue contraction, sustained losses, higher leverage from shrinking equity, and much lower cash generation). Technical signals are also soft (negative MACD, sub-50 RSI, and price below key moving averages). Offsetting these, the latest earnings call was constructive with margin improvement, a return to operating profitability, and guidance for a stronger H2 and deleveraging, while valuation support is limited by a negative P/E despite a moderate dividend yield.
Positive Factors
Comparison growth and operating leverage
Comparison is becoming a scalable second earnings pillar: 38% net-revenue growth and 56% profit growth, alongside 68% EBITDA conversion, indicate strong monetization and operating leverage. New acquisition channels and international expansion could broaden this contribution beyond core markets.
Negative Factors
Sustained revenue contraction and losses
The prolonged decline in revenue, combined with deepening net losses, shows that the business has not yet restored stable earnings power. Lower scale can weaken operating leverage and makes future recovery more dependent on successful product transitions and growth initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Comparison growth and operating leverage
Comparison is becoming a scalable second earnings pillar: 38% net-revenue growth and 56% profit growth, alongside 68% EBITDA conversion, indicate strong monetization and operating leverage. New acquisition channels and international expansion could broaden this contribution beyond core markets.
Read all positive factors
Team Internet Group (TIG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£93.74M
Dividend Yield2.56%
Average Volume (3M)130.35K
Price to Earnings (P/E)―
Beta (1Y)0.97
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees625
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-0.22
Shares Outstanding246,181,290
10 Day Avg. Volume120,418
30 Day Avg. Volume130,348
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)3.68
Price to Sales (P/S)0.33
P/FCF Ratio7.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£80.00Price Target Upside79.78% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.09
Revenue Forecast (FY)£405.18M
Team Internet Group Business Overview & Revenue Model
Company Description
Operating globally, Team Internet Group plc, which adopted its current name in October 2023 after previously being known as CentralNic Group Plc, specializes in providing comprehensive domain name services. The company's activities are organized i...
Team Internet Group Earnings Call Summary
Earnings Call Date:Sep 07, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 24, 2026
Earnings Call Sentiment Positive
The call was predominantly positive: management reported delivery in line with commitments, strong Comparison growth, improved margins, a return to group operating profitability, and a completed Search transition with profitability emerging in June and continuing through July and August. The main negatives were the expected gross revenue decline, the $2.6 million Search loss in H1, higher net debt, temporary DIS volume and EBITDA-conversion declines, and the lack of a completed DIS transaction. Highlights significantly outweighed the lowlights.Positive Updates
H1 Trading Delivered in Line with Commitments
Management said H1 trading was in line with consensus, adjusted EBITDA was ahead of the second half of 2025, and group operating profit returned to the black.
Negative Updates
Gross Revenue Declined Following Search Transition
Gross revenue was $179 million, down 1/3 year-on-year. Management said the decline was totally expected and resulted from the Search transition and the sunset of AdSense for Domains.
Read all updates
Q2-2026 Updates
Positive
Negative
H1 Trading Delivered in Line with Commitments
Management said H1 trading was in line with consensus, adjusted EBITDA was ahead of the second half of 2025, and group operating profit returned to the black.
Read all positive updates
Company Guidance
Management expects net debt to decrease to around $100 million by the end of the year, with year-end net debt somewhere between $94 million and $100 million, and it is a challenge to get under $100 million; H2 earnings are expected to be stronger, with the trend of year-on-year earnings growth continuing in the second half of 2026. DIS is expected to show growth on all three numbers at the latest in 2027. Search is expected to contribute in the second half of 2026, mop up as much as possible of its H1 loss of $2.6 million, and potentially break even for the year; it is expected to become a meaningful profit contributor through 2027 into 2028, with Search OpEx running at a lower number than the $20 million annualized figure. AdSense for Domains will be zero in the second half of the year, while the strategic review remains expected to result in a transaction around year-end, with value materially exceed $160 million, although there cannot be certainty that a transaction will be agreed.Team Internet Group Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
22
Negative
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 397.10M | 492.01M | 802.80M | 836.90M | 728.20M | 410.54M |
| Gross Profit | 124.40M | 106.59M | 187.50M | 191.10M | 177.70M | 118.50M |
| EBITDA | 23.30M | 43.09M | 27.60M | 85.80M | 60.50M | 32.73M |
| Net Income | -54.40M | -63.81M | -17.70M | 24.30M | -2.10M | -3.54M |
Balance Sheet | ||||||
| Total Assets | 350.00M | 402.95M | 479.60M | 546.70M | 558.60M | 400.22M |
| Cash, Cash Equivalents and Short-Term Investments | 52.00M | 81.23M | 88.30M | 92.70M | 94.80M | 56.13M |
| Total Debt | 172.00M | 171.56M | 188.90M | 171.40M | 156.90M | 138.05M |
| Total Liabilities | 316.50M | 359.23M | 386.50M | 393.20M | 391.60M | 286.24M |
| Stockholders Equity | 33.50M | 43.72M | 93.10M | 153.50M | 167.00M | 113.98M |
Cash Flow | ||||||
| Free Cash Flow | -100.00K | 21.24M | 75.30M | 65.20M | 71.10M | 36.22M |
| Operating Cash Flow | 400.00K | 21.54M | 76.60M | 75.40M | 77.60M | 41.02M |
| Investing Cash Flow | -7.70M | -7.86M | -44.70M | -37.30M | -90.60M | -24.87M |
| Financing Cash Flow | -16.60M | -28.69M | -32.10M | -43.40M | 57.00M | 14.04M |
Team Internet Group Technical Analysis
Negative
44.50
Price Trends
41.88
Negative
41.89
Negative
42.42
Negative
Market Momentum
-0.96
Positive
35.63
Neutral
29.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TIG, the sentiment is Negative. The current price of 44.5 is above the 20-day moving average (MA) of 40.71, above the 50-day MA of 41.88, and above the 200-day MA of 42.42, indicating a bearish trend. The MACD of -0.96 indicates Positive momentum. The RSI at 35.63 is Neutral, neither overbought nor oversold. The STOCH value of 29.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:TIG.
Team Internet Group Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | £3.53B | 13.66 | 60.53% | 2.50% | 3.86% | 7.86% | |
71 Outperform | €832.13M | 18.97 | 15.51% | 170.71% | 6.85% | 15.82% | |
67 Neutral | £87.82M | 21.39 | 8.42% | 0.58% | 107.94% | 120.65% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
47 Neutral | £93.74M | -2.31 | -140.93% | 2.56% | ― | ― | |
45 Neutral | £89.20M | 42.32 | 19.60% | ― | 17.80% | -30.17% |
* Communication Services Sector Average
GB:TIG
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Team Internet Group Corporate Events
Business Operations and StrategyFinancial Disclosures
Team Internet returns to profit as strategic review nears conclusion
Positive
Sep 7, 2026
Team Internet reported unaudited results for the first half of 2026 showing a return to operating profit of USD 3.0 million, its first positive half-year result since 2024, despite lower gross revenue following the completed transition of its Sear...
Business Operations and StrategyRegulatory Filings and Compliance
Portfolio Shift Leaves Kestrel With 27% Voting Stake in Team Internet
Neutral
Aug 20, 2026
Team Internet Group plc has disclosed that Non-Executive Director Max Royde oversaw the transfer of 205,166 ordinary shares out of Kestrel Partners LLP’s discretionary management due to a client portfolio reorganisation, with the shares rema...
Business Operations and StrategyStock BuybackShareholder Meetings
Team Internet shareholders back all AGM resolutions amid ongoing pay scrutiny
Neutral
Jul 27, 2026
Team Internet Group plc reported that all resolutions at its Annual General Meeting held on 24 July 2026 were duly passed by shareholders. The votes confirmed the receipt of the directors’ report and audited accounts, the re-election of key ...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Team Internet lifts margins as legacy ad revenue fades and strategic review advances
Neutral
Jul 24, 2026
Team Internet reported that first-half 2026 trading met market expectations, with revenue declining as legacy AdSense for Domains income fell to negligible levels but margins improving sharply. DIS and Comparison segments delivered solid growth in...
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
Team Internet posts transition-year loss as it pivots to higher-quality revenue and new monetisation
Negative
Jun 26, 2026
Team Internet Group has published its audited 2025 annual report, showing a sharp drop in gross and net revenue and a swing to an operating loss driven by substantial impairments in its Search segment, even as gross margins improved and net debt w...
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.