Added to YB: 2025-12-23
Pitch date: 2025-12-19
SWG.L [neutral]
Shearwater Group plc
Author Info
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Company Info
Shearwater Group plc, together with its subsidiaries, provides cyber security, managed security, and professional advisory solutions for corporate clients in the United Kingdom, rest of Europe, North America, and internationally.
Market Cap
GBP 10.2M
Pitch Price
GBP 0.43
Price Target
N/A
Dividend
N/A
EV/EBITDA
-0.61
P/E
-1.07
EV/Sales
0.17
Sector
Software
Category
value
AIM A-Z Part 29: NAV Discounts, Gold and an Ex-Fintwit-Favourite - Pass: Shearwater Group plc
SWG.L (pass): £10m cybersecurity provider, bumpy revenue, no consistent profit but FCF+. CEO bought shares (11% owned), extended £7m contract (20% rev). £11m goodwill impairment, £33m NAV mostly intangibles. <£1m adj EBIT, 6x EV/EBIT with £5m cash. 55% rev from 3 customers. Growth expected FY26.
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