Buy Or Sell Opportunity • Aug 04
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to UK£1.17. The fair value is estimated to be UK£1.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last 3 years. Earnings per share has declined by 23%. Tillkännagivande • Jul 31
Xaar plc to Report First Half, 2026 Results on Aug 07, 2026 Xaar plc announced that they will report first half, 2026 results on Aug 07, 2026 Board Change • May 20
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). CEO & Executive Director Robert Mills is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Chairman Ben Stocks was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Tillkännagivande • Oct 01
Xaar plc to Report Fiscal Year 2025 Results on Mar 24, 2026 Xaar plc announced that they will report fiscal year 2025 results on Mar 24, 2026 Tillkännagivande • Aug 13
Xaar plc reaffirms Earnings Guidance for the Year 2025 Xaar plc reaffirmed earnings guidance for the year 2025. The expectations for 2025 remain unchanged despite the additional uncertainty brought by the introduction of tariffs and the continuation of challenging trading conditions reported in March 2025. The company continue to anticipate that revenue will be second half weighted with order volumes expected to grow steadily throughout the year and into fiscal year 2026. Printhead revenue is expected to be strong in the second half, whilst in EPS, the tariff induced end market slowdown is expected to continue to impact revenue and profit whilst the pipeline is being rebuilt. Tillkännagivande • Jul 14
Xaar plc to Report First Half, 2025 Results on Aug 12, 2025 Xaar plc announced that they will report first half, 2025 results on Aug 12, 2025 Tillkännagivande • Apr 16
Xaar plc, Annual General Meeting, May 28, 2025 Xaar plc, Annual General Meeting, May 28, 2025. Location: xaar plc, 1 hurricane close, ermine business park, cambridgeshire, pe29 6xx, huntingdon United Kingdom Tillkännagivande • Nov 21
Xaar plc Announces CFO Changes Xaar plc announced that Ian Tichias has resigned as Chief Financial Officer to pursue other opportunities. Until a permanent CFO is appointed, Paul James has been appointed as Interim CFO. He has extensive experience having been Group CFO of Biffa from September 2023 until October 2024 and Group CFO of Genuit Group plc from March 2018 to September 2023. Mr. James has held senior financial roles with Dixons Carphone plc, Inchcape plc, British American Tobacco plc and Ernst and Young. Tillkännagivande • Nov 20
Xaar plc Announces Board Changes Xaar plc announced that Ian Tichias has resigned as Executive Director to pursue other opportunities. Paul James has been appointed as Executive Director. He has extensive experience having been Group CFO of Biffa from September 2023 until October 2024 and Group CFO of Genuit Group plc from March 2018 to September 2023. Mr. James has held senior financial roles with Dixons Carphone plc, Inchcape plc, British American Tobacco plc and Ernst and Young. Tillkännagivande • Jul 01
Xaar plc Announces Resignation of Alison Littley as Non-Executive Director Xaar plc announced that Alison Littley, a Non-Executive Director of the Company, resigned from her role as a non-executive director of the company with effect from 30 June 2024. Tillkännagivande • Jun 02
Xaar plc Appoints Inken Braunschmidt as Non-Executive Director, Effective June 1, 2024 Xaar plc appointed Inken Braunschmidt as Non-Executive Director with effect from June 1, 2024. Tillkännagivande • Apr 24
Xaar plc, Annual General Meeting, May 29, 2024 Xaar plc, Annual General Meeting, May 29, 2024, at 08:30 Coordinated Universal Time. Reported Earnings • Mar 27
Full year 2023 earnings released: UK£0.028 loss per share (vs UK£0.023 profit in FY 2022) Full year 2023 results: UK£0.028 loss per share (down from UK£0.023 profit in FY 2022). Revenue: UK£70.6m (down 3.0% from FY 2022). Net loss: UK£2.17m (down 221% from profit in FY 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Tech industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Tillkännagivande • Feb 23
Xaar plc Appoints Stuart Widdowson as Non-Executive Director, Effective from 27 February 2024 Xaar plc announced the appointment of Stuart Widdowson to the Board as a Non-Executive Director effective from 27 February 2024. Mr. Widdowson is appointed as a representative of Odyssean Capital LLP ("Odyssean"), pursuant to a relationship agreement between the Company and Odyssean. Mr. Widdowson is the Managing Partner of Odyssean Capital, which he founded in 2017. From 2009 until 2017, he was lead fund manager of Strategic Equity Capital plc, which experienced a turnaround in its performance and rating during his tenure. He began his career as a strategy consultant undertaking commercial due diligence and strategy projects for private equity and corporate clients, before working for HgCapital, a leading private equity investor. New Risk • Jan 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£78.0m (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Market cap is less than US$100m (UK£78.0m market cap, or US$99.1m). Tillkännagivande • Jan 12
Xaar plc to Report Second Half, 2023 Results on Mar 26, 2024 Xaar plc announced that they will report second half, 2023 results on Mar 26, 2024 New Risk • Jan 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). New Risk • Dec 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: UK£79.2m (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Market cap is less than US$100m (UK£79.2m market cap, or US$99.6m). Board Change • Nov 02
Less than half of directors are independent Following Non-Executive Director Jacqueline Sutton's arrival on 01 November 2023, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Senior Independent Non-Executive Director Alison Littley was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Oct 31
Xaar plc Announces Board Changes Xaar plc announced the appointment of Jacqueline Sutton MBE as non-executive director. Jacqueline joins the board with effect from 1 November 2023 and on appointment, will serve as a member of the Audit, Remuneration and Nomination Committees. In accordance with the Board's succession plan disclosed in the 2022 Annual Report, Chris Morgan will step down as a non-executive director of the company on 30 November 2023. Jacqueline is a very accomplished senior executive having held, from 2008 to 2021, several senior leadership roles in Rolls-Royce plc's largest division (Civil Aerospace). Most recently, Jacqueline was chief customer officer of Civil Aerospace, Rolls-Royce Group, where she was responsible for the global customer base, including airline operators, leasing companies and aircraft manufacturers across the world. Leading a multinational global team, she was accountable for the order book, revenue, and cash, as well as marketing and customer support. Prior to joining Rolls-Royce, Jacqueline held senior management roles with GE Aviation Systems (formerly Smiths Aerospace). Jacqueline is currently a non-executive director of Farnborough International, the Women in Aviation & Aerospace Charter and a Trustee on the Council of St John's College, Durham University. In 2022, Jacqueline was awarded an MBE in the late Queen's Platinum Jubilee Birthday Honours List for services to the economy. Reported Earnings • Sep 21
First half 2023 earnings released: UK£0.017 loss per share (vs UK£0.009 profit in 1H 2022) First half 2023 results: UK£0.017 loss per share (down from UK£0.009 profit in 1H 2022). Revenue: UK£34.5m (down 5.7% from 1H 2022). Net loss: UK£1.35m (down 296% from profit in 1H 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Tech industry in Europe. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. New Risk • Sep 19
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 13% per year over the past 5 years. High level of non-cash earnings (24% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (2.5% net profit margin). Tillkännagivande • Sep 07
Xaar plc to Report First Half, 2023 Results on Sep 19, 2023 Xaar plc announced that they will report first half, 2023 results on Sep 19, 2023 Tillkännagivande • Aug 03
Xaar plc Provides Earnings Guidance for the Six Months Ended 30 June 2023 Xaar plc provided earnings guidance for the six months ended 30 June 2023. For the period,Revenue for the period anticipated to be £34.7 million (first half of 2022: £36.6 million). Tillkännagivande • Jun 01
Xaar plc Announces Board Changes Xaar plc announced the appointment of Richard Amos as Non-Executive Director. Richard joins the Board with effect from 1 June 2023 and on appointment will replace Chris Morgan as Chair of the Audit Committee and be a member of the Remuneration and Nomination Committees. In accordance with the Board's succession plan disclosed in the 2022 Annual Report, Chris Morgan intends to stand down as a Non-Executive Director of the Company by the end of 2023. Richard is a qualified Chartered Accountant with over 30 years' experience, having started his career at EY in 1988. From 2000 to 2020, he served as an executive on the boards of five companies listed on the London Stock Exchange, most recently as Chief Financial Officer of Wilmington plc, Chief Financial Officer of Plant Impact plc and Group Finance Director of Anite plc. He is currently a Non-Executive Director at Thruvision Group plc (AIM: THRU), where he serves as the Senior Independent Director, Chair of the Audit and Nomination Committees and is a member of the Remuneration Committee. Richard is also the Non-Executive Chairman of Skillcast Group plc (AIM: SKL). In 2022 the Board reviewed its succession plan and revised its policy on board diversity, reinforcing the intention to recruit and maintain a diverse board with a strong skills mix. The Board plans to recruit a further Non-Executive Director during 2023 and remains committed to building a diverse board. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Senior Independent Non-Executive Director Alison Littley was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: UK£0.023 (vs UK£0.035 in FY 2021) Full year 2022 results: EPS: UK£0.023 (down from UK£0.035 in FY 2021). Revenue: UK£72.8m (up 23% from FY 2021). Net income: UK£1.79m (down 33% from FY 2021). Profit margin: 2.5% (down from 4.5% in FY 2021). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Tech industry in Europe. Over the last 3 years on average, earnings per share has increased by 117% per year whereas the company’s share price has increased by 114% per year. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment deteriorated over the past week After last week's 16% share price decline to UK£1.70, the stock trades at a forward P/E ratio of 148x. Average forward P/E is 22x in the Tech industry in Europe. Total returns to shareholders of 233% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£1.88 per share. Tillkännagivande • Jan 12
Xaar plc Provides Revenue Guidance for the Full Year Ending December 31, 2022 Xaar plc provided revenue guidance for the full year ending December 31, 2022. Revenue for the period is expected to be approximately £74 million (2021: £59.3 million), representing year on year growth of 24% driven by a combination of organic growth (9%) and acquisitions. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improved over the past week After last week's 16% share price gain to UK£1.87, the stock trades at a forward P/E ratio of 163x. Average forward P/E is 19x in the Tech industry in Europe. Total returns to shareholders of 282% over the past three years. Reported Earnings • Sep 21
First half 2022 earnings released: EPS: UK£0.01 (vs UK£0.004 loss in 1H 2021) First half 2022 results: EPS: UK£0.01 (up from UK£0.004 loss in 1H 2021). Revenue: UK£36.6m (up 39% from 1H 2021). Net income: UK£689.0k (up UK£969.0k from 1H 2021). Profit margin: 1.9% (up from net loss in 1H 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Tech industry in Europe. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 30
Full year 2021 earnings released: EPS: UK£0.035 (vs UK£0.018 loss in FY 2020) Full year 2021 results: EPS: UK£0.035 (up from UK£0.018 loss in FY 2020). Revenue: UK£59.3m (up 24% from FY 2020). Net income: UK£2.69m (up UK£4.08m from FY 2020). Profit margin: 4.5% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 22%, compared to a 4.3% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Reported Earnings • Sep 16
First half 2021 earnings released: UK£0.004 loss per share (vs UK£0.029 profit in 1H 2020) The company reported a soft first half result with weaker earnings and weaker control over costs, although revenues improved. First half 2021 results: Revenue: UK£26.3m (up 11% from 1H 2020). Net loss: UK£280.0k (down 112% from profit in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Tillkännagivande • Jul 24
Xaar plc Provides Revenue Guidance for the Six Months Ended 30 June 2021 Xaar plc provided revenue guidance for the six months ended 30 June 2021. The Board announced that trading for the six months ended 30 June 2021 has been in line with its expectations. Revenue for the period is expected to be approximately £26 million, representing an increase of 11% and 8% relative to H1 and H2 2020 respectively. Tillkännagivande • Jul 14
Xaar plc (LSE:XAR) acquired Fujifilm Electronic Imaging Limited for £9.1 million. Xaar plc (LSE:XAR) acquired Fujifilm Electronic Imaging Limited for £9.1 million on July 12, 2021. The initial cash consideration of £3.7 million was paid on completion, which reflects existing FFEI free cash reserves, with an additional £5.4 million deferred consideration to be paid out over three years. FFEI employs in excess of 60 people who will remain with the business. In the year to 31 March 2021 FFEI generated revenue of £9.9 million with an operating margin of 9%.
Xaar plc (LSE:XAR) completed the acquisition of Fujifilm Electronic Imaging Limited on July 12, 2021. Reported Earnings • Apr 29
Full year 2020 earnings released: UK£0.018 loss per share (vs UK£0.19 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: UK£48.0m (down 2.9% from FY 2019). Net loss: UK£1.39m (loss narrowed 91% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Tillkännagivande • Jan 28
Xaar plc(LSE:XAR) dropped from FTSE All-Share Index (GBP) Xaar plc(LSE:XAR) dropped from FTSE All-Share Index (GBP) Is New 90 Day High Low • Jan 20
New 90-day low: UK£1.25 The company is down 12% from its price of UK£1.43 on 22 October 2020. The British market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£7.01 per share. Is New 90 Day High Low • Dec 30
New 90-day high: UK£1.78 The company is up 61% from its price of UK£1.10 on 01 October 2020. The British market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£7.69 per share. Tillkännagivande • Sep 04
Xaar plc to Report First Half, 2020 Results on Sep 30, 2020 Xaar plc announced that they will report first half, 2020 results on Sep 30, 2020