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Focusrite
(LSE:TUNE)
Select Model
Select Model
Rating:64Neutral
Price Target:
294.00 p
▲(6.91% Upside)
Action:Reiterated
Date:08/30/26
The score is driven primarily by mixed financial performance: weakened margins and a swing to a small loss weigh on the rating, but strong recent free cash flow and a reasonably solid balance sheet provide support. Technicals add a positive tailwind with a strong uptrend, though overbought signals temper that benefit. Valuation is a headwind due to the negative P/E, with only moderate support from the dividend yield.
Positive Factors
Strong recent cash generation
Strong operating and free cash flow despite a reported loss indicates improved cash conversion and liquidity. This can support investment, working-capital needs and financial resilience over the next several months.
Negative Factors
Recent revenue softness
Recent revenue contraction suggests weaker demand or uneven purchasing across musicians, studios and audio professionals. Continued softness would limit operating leverage and make recovery dependent on renewed product volumes.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong recent cash generation
Strong operating and free cash flow despite a reported loss indicates improved cash conversion and liquidity. This can support investment, working-capital needs and financial resilience over the next several months.
Read all positive factors
Focusrite (TUNE) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£158.28M
Dividend Yield2.5%
Average Volume (3M)138.71K
Price to Earnings (P/E)―
Beta (1Y)0.95
Revenue Growth-0.65%
EPS Growth-323.70%
CountryUK
Employees585
SectorConsumer Cyclical
Sector Strength84
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-0.07
Shares Outstanding59,211,640
10 Day Avg. Volume111,280
30 Day Avg. Volume138,709
Financial Highlights & Ratios
PEG Ratio0.69
Price to Book (P/B)1.22
Price to Sales (P/S)0.82
P/FCF Ratio4.33
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£355.00Price Target Upside29.09% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.18
Revenue Forecast (FY)£171.35M
Focusrite Business Overview & Revenue Model
Company Description
Focusrite plc is a global company specializing in the creation and distribution of hardware and software solutions, catering to both seasoned audio professionals and aspiring musicians alike. Its market presence spans across North America, Europe,...
How the Company Makes Money
Focusrite makes money primarily by selling audio hardware products through a mix of direct and channel-based distribution. Its core revenue stream is product sales of audio interfaces and other recording/production equipment (e.g., mic preamps and...
Focusrite Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
68
Positive
Cash Flow
72
Positive
| Breakdown | Feb 2026 | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 163.67M | 168.91M | 158.52M | 178.47M | 183.73M |
| Gross Profit | 67.68M | 69.66M | 70.49M | 84.85M | 83.28M |
| EBITDA | 23.35M | 24.35M | 19.86M | 36.88M | 40.77M |
| Net Income | -1.53M | 5.37M | 2.61M | 17.80M | 24.78M |
Balance Sheet | |||||
| Total Assets | 184.42M | 197.44M | 202.94M | 210.79M | 177.53M |
| Cash, Cash Equivalents and Short-Term Investments | 20.62M | 19.48M | 22.04M | 26.79M | 12.76M |
| Total Debt | 36.92M | 30.33M | 42.88M | 37.92M | 23.54M |
| Total Liabilities | 73.39M | 79.52M | 86.99M | 92.34M | 72.22M |
| Stockholders Equity | 111.03M | 117.92M | 115.96M | 118.45M | 105.32M |
Cash Flow | |||||
| Free Cash Flow | 31.14M | 20.67M | -3.14M | 11.94M | -4.04M |
| Operating Cash Flow | 33.88M | 22.39M | 11.10M | 26.33M | 8.46M |
| Investing Cash Flow | -23.35M | -15.06M | -16.73M | -21.54M | -22.60M |
| Financing Cash Flow | -12.08M | -9.83M | 1.31M | 10.19M | 8.83M |
Focusrite Technical Analysis
Positive
275.00
Price Trends
245.97
Positive
217.60
Positive
215.87
Positive
Market Momentum
8.12
Positive
60.88
Neutral
34.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TUNE, the sentiment is Positive. The current price of 275 is above the 20-day moving average (MA) of 266.95, above the 50-day MA of 245.97, and above the 200-day MA of 215.87, indicating a bullish trend. The MACD of 8.12 indicates Positive momentum. The RSI at 60.88 is Neutral, neither overbought nor oversold. The STOCH value of 34.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:TUNE.
Focusrite Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £59.37M | 8.17 | 16.69% | ― | 30.00% | 778.34% | |
72 Outperform | £1.57B | 9.94 | 7.10% | 1.95% | 6.29% | 55.06% | |
64 Neutral | £158.28M | -38.63 | -3.62% | 2.50% | -0.65% | -323.70% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | £516.79M | 14.58 | 21.65% | 0.02% | 11.35% | 247.54% | |
55 Neutral | £593.51M | -5.03 | 12.75% | ― | -1.91% | ― | |
45 Neutral | £578.00M | -3.77 | -90.46% | 4.50% | -30.52% | -2064.92% |
* Consumer Cyclical Sector Average
GB:TUNE
Focusrite
270.00
108.93
67.63%
GB:G4M
Gear4music (Holdings)
282.50
-13.50
-4.56%
GB:SMWH
WH Smith
384.40
-278.72
-42.03%
GB:AO
AO World
93.00
7.61
8.91%
GB:CURY
Currys plc
154.00
25.16
19.52%
GB:THG
THG
33.12
6.04
22.30%
Focusrite Corporate Events
Business Operations and StrategyShareholder Meetings
Focusrite shareholders back all resolutions at Annual General Meeting
Positive
Aug 4, 2026
Focusrite plc, a global supplier of music and audio hardware and software to musicians and the entertainment industry, reported that all resolutions presented to shareholders were approved at its Annual General Meeting. The company’s portfol...
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresShareholder Meetings
Focusrite Keeps Outlook Steady as Chair Hands Over to New Successor
Positive
Aug 4, 2026
Focusrite plc reported that trading has remained in line with Board expectations, with healthy underlying demand across its Content Creation and Audio Reproduction divisions and early-year sales running ahead of the prior year, consistent with a p...
Executive/Board ChangesRegulatory Filings and Compliance
Focusrite Awards Share-Based Bonuses to CEO and CFO
Positive
Jul 2, 2026
Focusrite plc has granted share-based bonuses to chief executive Tim Carroll and chief financial officer Sally McKone as part of the group’s annual bonus scheme covering the final six months of its transitional 18‑month financial year ...
Business Operations and StrategyExecutive/Board Changes
Focusrite Grants Long-Term Share Options to Senior Executives
Neutral
Jul 2, 2026
Focusrite plc has granted nominal cost share option awards to several persons discharging managerial responsibilities, including its CEO and CFO, under the Group’s Performance Share Plan. The awards, split between performance share and restr...
Executive/Board Changes
Focusrite Chair Designate Ian Barkshire Increases Stake with Share Purchase
Positive
Jun 30, 2026
Focusrite plc reported that Chair Designate and Non-Executive Director Ian Barkshire purchased 87,280 ordinary shares in the company on 29 June 2026 at a price of 200 pence per share on the London Stock Exchange. Following the transaction, Barkshi...
Business Operations and StrategyFinancial DisclosuresProduct-Related Announcements
Focusrite lifts margins and cuts debt as new tech platform underpins growth
Positive
Jun 29, 2026
Focusrite reported a resilient performance for the 18 months to 28 February 2026, with pro-forma 12‑month revenue up 1.3% to £164.6 million and adjusted EBITDA rising 5.7% to £24.7 million, driven by disciplined pricing, supply cha...
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.