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Transense Technologies PLC
(LSE:TRT)
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Rating:57Neutral
Price Target:
46.00 p
▼(-1.08% Downside)
Action:Reiterated
Date:10/06/26
The score is held back primarily by FY2026 financial deterioration (revenue decline and a move to losses with weaker free cash flow) and bearish technical trend signals. It is partially supported by a conservative balance sheet, continued positive cash generation, and mixed-but-constructive earnings call factors (strong gross margin, liquidity, and growth catalysts such as SAWsense progress and the Continental opportunity), while valuation support is limited due to negative earnings and no dividend yield provided.
Positive Factors
Conservative balance sheet
Low leverage and a materially stronger equity base give Transense financial resilience as it invests in growth initiatives. This supports the company’s ability to absorb operating volatility, maintain development spending, and pursue commercial opportunities without relying heavily on additional borrowing.
Negative Factors
FY2026 financial deterioration
The latest annual results show a material break from the prior period’s profitability, with lower revenue and a swing into losses. This weakens near-term earnings visibility and raises questions about how quickly new opportunities can offset declines in established revenue sources and restore sustainable operating leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and a materially stronger equity base give Transense financial resilience as it invests in growth initiatives. This supports the company’s ability to absorb operating volatility, maintain development spending, and pursue commercial opportunities without relying heavily on additional borrowing.
Read all positive factors
Transense Technologies PLC (TRT) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£6.70M
Dividend YieldN/A
Average Volume (3M)74.45K
Price to Earnings (P/E)―
Beta (1Y)0.16
Revenue Growth-16.65%
EPS Growth-107.46%
CountryUK
Employees29
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding15,219,884
10 Day Avg. Volume160,698
30 Day Avg. Volume74,448
Financial Highlights & Ratios
PEG Ratio0.65
Price to Book (P/B)1.02
Price to Sales (P/S)1.58
P/FCF Ratio21.94
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)£5.70M
Transense Technologies PLC Business Overview & Revenue Model
Company Description
Founded in 1985 and headquartered in Bicester, UK, Transense Technologies plc designs wireless sensor systems for gathering and monitoring data in real time. A key offering is their proprietary Surface Acoustic Wave (SAW) sensor technology, which ...
How the Company Makes Money
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Transense Technologies PLC Earnings Call Summary
Earnings Call Date:Sep 22, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Feb 23, 2027
Earnings Call Sentiment Neutral
The call was mixed. Management acknowledged a material FY 2026 revenue shortfall, a guidance downgrade, a 34% decline in iTrack revenue, lower legacy tire-major sales and near-breakeven adjusted profit before tax. These challenges were balanced by strong cash generation and liquidity, sustained gross margins, growth in several SAWsense markets, new Translogik products and partnerships, the Continental win, and confidence in longer-term growth and profitability without iTrack royalty income.Positive Updates
SAWsense Revenue Growth
SAWsense revenue increased by 20% in FY 2026. Growth was supported by established aerospace activity and expansion outside traditional aerospace and motorsport customers, including a U.K. government grant-funded Cummins Engines demo-unit project in automotive EVs and robotics opportunities progressing toward production, hopefully in FY 2028.
Negative Updates
FY 2026 Guidance Downgrade
Management presented the results with a degree of humility after downgrading against the expectations set at the start of the year, which had been described as very aggressive targets.
Read all updates
Q4-2026 Updates
Positive
Negative
SAWsense Revenue Growth
SAWsense revenue increased by 20% in FY 2026. Growth was supported by established aerospace activity and expansion outside traditional aerospace and motorsport customers, including a U.K. government grant-funded Cummins Engines demo-unit project in automotive EVs and robotics opportunities progressing toward production, hopefully in FY 2028.
Read all positive updates
Company Guidance
For FY 2027, the market expectation in the latest brokers research note shows a roughly 25% uplift on revenue, while internal targets are significantly higher; plans have some half two weighting, with more to deliver in half two than in half one. Bridgestone and iTrack are expected to generate GBP 2.1 million, GBP 2.2 million in the current financial year, with a further GBP 7.5 million to collect over the next four years, and high single digits is a sensible long-term run rate likely to prevail up to FY 2030. Translogik is expected to get the Continental deal up into run rate revenue over the next 12 months, with an impact next calendar year, and Ryan said Translogik revenue should replace Bridgestone revenues by 2030, with the business able to be profitable from SAWsense and Translogik without the iTrack royalty income. SAWsense is expected to have sufficient revenue to cover its own costs, with higher volume projects starting to enter production and hopefully progressing towards production in FY 2028; a reduction in the level of sales and marketing expense is expected for FY 2027.Transense Technologies PLC Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
75
Positive
Cash Flow
62
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.63M | 5.55M | 4.18M | 3.53M | 2.63M |
| Gross Profit | 3.46M | 4.99M | 3.65M | 3.06M | 2.23M |
| EBITDA | 537.00K | 1.82M | 1.57M | 1.08M | 523.00K |
| Net Income | -105.00K | 1.41M | 1.56M | 1.40M | 877.00K |
Balance Sheet | |||||
| Total Assets | 8.97M | 8.30M | 6.46M | 4.56M | 3.76M |
| Cash, Cash Equivalents and Short-Term Investments | 1.50M | 1.14M | 1.28M | 978.00K | 1.05M |
| Total Debt | 1.24M | 367.00K | 404.00K | 36.00K | 107.00K |
| Total Liabilities | 1.82M | 1.17M | 897.00K | 370.00K | 667.00K |
| Stockholders Equity | 7.14M | 7.12M | 5.57M | 4.19M | 3.09M |
Cash Flow | |||||
| Free Cash Flow | 333.00K | 1.21M | 680.00K | 395.00K | 308.00K |
| Operating Cash Flow | 866.00K | 2.05M | 1.56M | 652.00K | 408.00K |
| Investing Cash Flow | -1.32M | -2.09M | -883.00K | -257.00K | -100.00K |
| Financing Cash Flow | 812.00K | -99.00K | -377.00K | -472.00K | -299.00K |
Transense Technologies PLC Technical Analysis
Positive
46.50
Price Trends
45.22
Positive
49.35
Negative
65.75
Negative
Market Momentum
-1.15
Negative
64.02
Neutral
78.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TRT, the sentiment is Positive. The current price of 46.5 is above the 20-day moving average (MA) of 42.10, above the 50-day MA of 45.22, and below the 200-day MA of 65.75, indicating a neutral trend. The MACD of -1.15 indicates Negative momentum. The RSI at 64.02 is Neutral, neither overbought nor oversold. The STOCH value of 78.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:TRT.
Transense Technologies PLC Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | £185.70M | -36.22 | -3.98% | 1.13% | -9.83% | -149.61% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | £6.70M | -66.67 | -1.47% | ― | -16.65% | -107.46% | |
57 Neutral | £15.82M | 3.26 | 20.83% | ― | 4.04% | -25.71% | |
53 Neutral | £103.49M | -18.86 | -29.78% | ― | 2.42% | -18.45% | |
49 Neutral | £5.73M | 35.00 | 1.81% | 2.64% | -9.41% | ― |
* Consumer Cyclical Sector Average
GB:TRT
Transense Technologies PLC
46.00
-74.00
-61.67%
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GB:EQIP
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―
―
―
GB:AURR
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Transense Technologies PLC Corporate Events
Other
Transense Discloses 3.18% Shareholding by Dion Steward
Positive
Oct 6, 2026
Transense Technologies plc has disclosed that Dion Steward holds 484,950 ordinary shares in the company, representing approximately 3.18% of its issued share capital with voting rights as of 22 September 2026. The notified holding underscores a me...
Business Operations and Strategy
Transense MD lifts stake, signalling confidence in sensor specialist
Positive
Oct 6, 2026
Transense Technologies said Managing Director Ryan Maughan has increased his stake in the company by purchasing 23,002 shares at 43 pence each on 5 October, taking his total holding to 149,219 shares, or about 0.98% of voting share capital. The di...
Business Operations and Strategy
Dowgate trims stake in Transense as sensor specialist focuses on core growth
Neutral
Oct 5, 2026
Transense Technologies has disclosed that Dowgate Group Limited has reduced its stake in the company to below the level requiring notification under AIM rules, meaning it no longer holds a notifiable interest. The change in shareholding may signal...
Business Operations and StrategyFinancial Disclosures
Transense balances revenue setback with SAWsense growth and stronger cash position
Neutral
Sep 22, 2026
Transense reported a challenging year to 30 June 2026, with total revenue down 17% to £4.63m as Bridgestone iTrack royalty income fell sharply and Translogik sales edged lower amid subdued demand from legacy tyre customers. Despite this, SAWs...
Business Operations and StrategyFinancial Disclosures
Transense to unveil 2026 results with live investor briefing
Positive
Sep 16, 2026
Transense Technologies plc, the AIM‑quoted provider of specialist sensor technology and measurement solutions, operates through two main divisions: SAWsense, which offers patented Surface Acoustic Wave sensors to aerospace, automotive and in...
Business Operations and StrategyProduct-Related Announcements
Transense seals Continental deal for next-generation digital tyre management tool
Positive
Sep 15, 2026
Transense Technologies’ Translogik division has secured a development and supply contract with leading tyre manufacturer Continental to create a next-generation digital tyre management tool. The bespoke version of Translogik’s handheld...
Business Operations and StrategyProduct-Related Announcements
Transense expands Translogik reach with new European and Middle East distributors
Positive
Jul 22, 2026
Transense Technologies has appointed Hamaton Ltd and Tyresure Ltd as authorised distributors for its Translogik tyre inspection products and TireTask tyre management software across Europe and the Middle East. The move gives Transense its first de...
Business Operations and StrategyExecutive/Board Changes
Transense Technologies Sets CFO Succession with New Finance Director
Positive
Jul 7, 2026
Transense Technologies has announced that long-serving Chief Financial Officer and Company Secretary Melvyn Segal will retire from his executive roles at the November 2026 AGM, transitioning to a non-executive directorship for a further year to su...
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.