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Tandem Group plc
(LSE:TND)
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Rating:70Outperform
Price Target:
195.00 p
▲(8.33% Upside)
Action:Upgraded
Date:08/04/26
The score is driven primarily by the improving 2025 financial turnaround (return to profitability, stronger cash flow, low leverage), complemented by a technically strong uptrend. Valuation is reasonable (P/E ~11.9 with a modest dividend), while recent corporate updates are broadly positive, though business and margin volatility and an overextended RSI temper the overall rating.
Positive Factors
2025 profitability turnaround
The return to profitability marks a meaningful recovery from losses in 2023 and near break-even results in 2024. If maintained, positive earnings can support internal funding, strengthen supplier and retailer confidence, and provide a foundation for rebuilding sustainable shareholder returns.
Negative Factors
Volatile revenue trajectory
The multi-year revenue path shows that the recovery has not yet restored the company to its earlier scale. Such volatility makes planning and capacity utilization less predictable, while a smaller revenue base can limit operating leverage and reduce the durability of future earnings growth.
Read all positive and negative factors
Positive Factors
Negative Factors
2025 profitability turnaround
The return to profitability marks a meaningful recovery from losses in 2023 and near break-even results in 2024. If maintained, positive earnings can support internal funding, strengthen supplier and retailer confidence, and provide a foundation for rebuilding sustainable shareholder returns.
Read all positive factors
Tandem Group plc (TND) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£9.79M
Dividend Yield1.71%
Average Volume (3M)3.30K
Price to Earnings (P/E)7.5
Beta (1Y)-0.02
Revenue Growth3.46%
EPS Growth651.91%
CountryUK
Employees73
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)0.23
Shares Outstanding5,517,707
10 Day Avg. Volume3,878
30 Day Avg. Volume3,303
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.36
Price to Sales (P/S)0.36
P/FCF Ratio3.95
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)0.1
Revenue Forecast (FY)£27.80M
Tandem Group plc Business Overview & Revenue Model
Company Description
Tandem Group plc, an enterprise headquartered in Birmingham, United Kingdom, since its incorporation in 1958, is engaged in the comprehensive cycle of designing, developing, distributing, and retailing a diverse array of sports, leisure, and mobil...
How the Company Makes Money
Tandem Group plc makes money primarily by selling consumer products it designs, sources and distributes to retail and trade customers. Its core revenue model is product-led: it earns revenue when goods are shipped/sold to customers, with gross pro...
Tandem Group plc Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
74
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.91M | 26.15M | 24.62M | 22.24M | 26.68M | 40.92M |
| Gross Profit | 8.32M | 7.79M | 7.37M | 5.69M | 7.80M | 12.05M |
| EBITDA | 1.60M | 1.31M | 722.00K | -567.00K | 1.16M | 5.20M |
| Net Income | 1.30M | 850.00K | -60.00K | -1.24M | 674.00K | 3.83M |
Balance Sheet | ||||||
| Total Assets | 36.12M | 35.00M | 34.93M | 32.56M | 36.04M | 39.45M |
| Cash, Cash Equivalents and Short-Term Investments | 523.00K | 1.54M | 1.39M | 447.00K | 3.29M | 6.37M |
| Total Debt | 3.28M | 3.44M | 5.71M | 4.01M | 4.84M | 4.04M |
| Total Liabilities | 9.98M | 8.91M | 11.01M | 8.75M | 9.25M | 16.71M |
| Stockholders Equity | 26.14M | 26.09M | 23.91M | 23.81M | 26.79M | 22.74M |
Cash Flow | ||||||
| Free Cash Flow | 433.00K | 2.41M | -765.00K | -1.64M | -3.74M | -1.20M |
| Operating Cash Flow | 444.00K | 2.42M | -679.00K | -614.00K | 1.23M | 2.19M |
| Investing Cash Flow | -4.00K | 0.00 | -86.00K | -1.01M | -4.96M | -3.38M |
| Financing Cash Flow | -346.00K | -2.21M | 1.69M | -1.17M | 555.00K | 1.48M |
Tandem Group plc Technical Analysis
Negative
180.00
Price Trends
182.39
Negative
176.52
Negative
172.40
Positive
Market Momentum
-1.14
Positive
36.90
Neutral
15.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TND, the sentiment is Negative. The current price of 180 is below the 20-day moving average (MA) of 180.25, below the 50-day MA of 182.39, and above the 200-day MA of 172.40, indicating a neutral trend. The MACD of -1.14 indicates Positive momentum. The RSI at 36.90 is Neutral, neither overbought nor oversold. The STOCH value of 15.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:TND.
Tandem Group plc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | £2.55B | 11.43 | 19.59% | 4.52% | 7.27% | -39.82% | |
70 Outperform | £9.79M | 7.52 | 4.97% | 1.71% | 3.46% | 651.91% | |
70 Outperform | £582.82M | 17.42 | 6.52% | 3.42% | 5.04% | ― | |
65 Neutral | £262.34M | 18.67 | 4.05% | 2.40% | 1.47% | -15.99% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | £111.86M | 20.75 | 22.27% | 1.59% | 8.14% | 81.96% | |
49 Neutral | £5.73M | 32.67 | 1.81% | 2.64% | -9.41% | ― |
* Consumer Cyclical Sector Average
GB:TND
Tandem Group plc
175.00
-10.17
-5.49%
GB:AUTG
Autins Group plc
9.80
0.80
8.89%
GB:HFD
Halfords
263.00
125.81
91.70%
GB:INCH
Inchcape
743.00
71.20
10.60%
GB:MOTR
Motorpoint
138.00
-15.34
-10.00%
GB:VTU
Vertu Motors
85.30
25.31
42.18%
Tandem Group plc Corporate Events
Business Operations and StrategyExecutive/Board Changes
Tandem Group extends long‑term share options to executives and staff
Positive
Sep 29, 2026
Tandem Group plc has granted new share options to three senior executives under its 2019 Employee Share Option Scheme, with Chief Executive Officer Peter Kimberley receiving 30,000 options, Chief Commercial Officer David Poulter 20,000 and Chief F...
Business Operations and StrategyDividendsFinancial Disclosures
Tandem Group Returns to First-Half Profit as Cycling and Home & Garden Drive Growth
Positive
Sep 25, 2026
Tandem Group reported a 6.7% rise in first-half revenue to £11.9 million and a 15% increase in gross profit to £4.0 million, lifting gross margin to 33.3%. The Group moved back into first-half profitability, with profit before tax of ...
Business Operations and StrategyExecutive/Board Changes
Tandem Group Refreshes Board as Simon Bragg Becomes Chair
Neutral
Aug 10, 2026
Tandem Group plc has reshaped its board, appointing Non-Executive Director Simon Bragg as Non-Executive Chair with immediate effect, while former interim chair Mark Taylor will remain on the board as a Non-Executive Director. The company has also ...
Business Operations and StrategyExecutive/Board Changes
Tandem Group reshapes board as Crookall steps down as chair
Neutral
Jul 17, 2026
Tandem Group plc announced that Jonathan Crookall has stepped down from his role as Chair with immediate effect and will revert to serving as a Non-Executive Director. The company emphasised that Crookall’s extensive knowledge and experience...
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.