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Focusrite
(LSE:TUNE)
Select Model
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Rating:64Neutral
Price Target:
243.00 p
▼(-11.64% Downside)
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 provides Focusrite with internal funding for product development, working capital and investment without relying entirely on external financing. The latest cash conversion is a meaningful support for liquidity and resilience over the next several quarters.
Negative Factors
Recent revenue softness
Recent revenue contraction indicates that demand has not been consistently expanding and may limit operating leverage across the business. Continued top-line softness would make it harder to spread fixed costs, sustain investment and return to the stronger profitability profile seen earlier in the period.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong recent cash generation
Strong operating and free cash flow provides Focusrite with internal funding for product development, working capital and investment without relying entirely on external financing. The latest cash conversion is a meaningful support for liquidity and resilience over the next several quarters.
Read all positive factors
Focusrite (TUNE) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£131.90M
Dividend Yield3%
Average Volume (3M)105.70K
Price to Earnings (P/E)―
Beta (1Y)0.82
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. Volume99,008
30 Day Avg. Volume105,701
Financial Highlights & Ratios
PEG Ratio0.68
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)£171.40M
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 technology products and related software through its portfolio of brands. Its core revenue model is product-based: (1) Hardware sales: The largest driver is typically the sale of audio interfaces an...
Focusrite Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
68
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Aug 2026 | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 164.60M | 163.67M | 168.91M | 158.52M | 178.47M | 183.73M |
| Gross Profit | 68.67M | 73.09M | 69.66M | 70.49M | 84.85M | 83.28M |
| EBITDA | 24.04M | 15.29M | 24.35M | 19.86M | 36.88M | 40.77M |
| Net Income | -4.14M | -1.53M | 5.37M | 2.61M | 17.80M | 24.78M |
Balance Sheet | ||||||
| Total Assets | 184.42M | 184.42M | 197.44M | 202.94M | 210.79M | 177.53M |
| Cash, Cash Equivalents and Short-Term Investments | 20.62M | 20.62M | 19.48M | 22.04M | 26.79M | 12.76M |
| Total Debt | 29.22M | 35.30M | 30.33M | 42.88M | 37.92M | 23.54M |
| Total Liabilities | 73.39M | 73.39M | 79.52M | 86.99M | 92.34M | 72.22M |
| Stockholders Equity | 111.03M | 111.03M | 117.92M | 115.96M | 118.45M | 105.32M |
Cash Flow | ||||||
| Free Cash Flow | 26.47M | 31.14M | 20.67M | -3.14M | 11.94M | -4.04M |
| Operating Cash Flow | 28.60M | 33.88M | 22.39M | 11.10M | 26.33M | 8.46M |
| Investing Cash Flow | -16.50M | -23.35M | -15.06M | -16.73M | -21.54M | -22.60M |
| Financing Cash Flow | -7.08M | -12.08M | -9.83M | 1.31M | 10.19M | 8.83M |
Focusrite Technical Analysis
Negative
275.00
Price Trends
247.20
Negative
236.94
Negative
219.34
Positive
Market Momentum
-4.60
Negative
43.83
Neutral
60.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TUNE, the sentiment is Negative. The current price of 275 is above the 20-day moving average (MA) of 223.88, above the 50-day MA of 247.20, and above the 200-day MA of 219.34, indicating a neutral trend. The MACD of -4.60 indicates Negative momentum. The RSI at 43.83 is Neutral, neither overbought nor oversold. The STOCH value of 60.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | £511.64M | 14.53 | 21.65% | 0.02% | 11.35% | 247.54% | |
66 Neutral | £1.49B | 9.44 | 7.10% | 2.05% | 6.29% | 55.06% | |
64 Neutral | £131.90M | -32.19 | -3.62% | 3.00% | -0.65% | -323.70% | |
62 Neutral | £48.34M | 6.65 | 16.69% | ― | 30.00% | 778.34% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
51 Neutral | £719.30M | -9.94 | -16.03% | ― | 10.14% | 57.54% | |
45 Neutral | £639.35M | -4.17 | -90.46% | 4.07% | -30.52% | -2064.92% |
* Consumer Cyclical Sector Average
GB:TUNE
Focusrite
225.00
22.20
10.95%
GB:G4M
Gear4music (Holdings)
230.00
-50.00
-17.86%
GB:SMWH
WH Smith
425.20
-249.82
-37.01%
GB:AO
AO World
92.70
-11.34
-10.90%
GB:CURY
Currys plc
146.20
7.17
5.16%
GB:THG
THG
40.14
-7.10
-15.03%
Focusrite Corporate Events
Business Operations and StrategyFinancial Disclosures
Focusrite sets November date for interim results and investor briefings
Positive
Oct 14, 2026
Focusrite plc has announced it will publish its interim results for the six months ended 31 August 2026 on 3 November 2026, signalling an upcoming update on the group’s trading performance and financial health in the current fiscal year. The...
Business Operations and StrategyFinancial Disclosures
Focusrite Delivers Profit Growth and Strong Cash Flow as Order Book Builds
Positive
Sep 16, 2026
Focusrite reported a solid first-half performance for the six months to 31 August 2026, with Group revenue expected to grow 3%, underlying operating profit improving and cash generation remaining strong. Gross margins rose on the back of pricing d...
Business Operations and StrategyShareholder Meetings
Focusrite plans Capital Markets Event to update investors on strategy and growth plans
Positive
Sep 9, 2026
Focusrite plc, the AIM-listed global music and audio products group known for its hardware and software solutions for musicians and audio professionals, plans to brief the market on its strategic direction. The company operates two divisions, Cont...
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...
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.