# Seeing Machines Limited (SEE.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Technology / Software. Price 4p, market value 210 millionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Seeing Machines Limited reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **PEG: 1.64**. A PEG of 1.64 is in the range usually read as fairly priced for its growth.
- **Price / sales: 2.2×**. Each dollar of revenue is priced at 2.2×.
- **Price / book: 14.8×**. The shares trade at 14.8× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -5.4%** (5-yr avg -0.1%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 57.8%**. Seeing Machines Limited keeps 57.8% of revenue after the direct cost of what it sells.
- **Operating margin: -23.8%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -40.5%**. The company reported a net loss over the last twelve months.
- **Return on equity: -58.4%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -38.7%**. Return on all capital, debt included, is -38.7%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -44.7%**. Each dollar of assets produces -44.7% of profit.

## Growth
- **Revenue growth (1 yr): -7.8%** (3-yr 16.9%/yr, 5-yr 26.8%/yr). Revenue fell 7.8% over the last year, against 26.8% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 27.6%**. Earnings per share rose 27.6%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 1.29**. Debt is 1.29 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: net cash**. Seeing Machines Limited holds more cash than debt.
- **Interest coverage: -2.1×**. Operating profit covers interest only -2.1×: fragile.
- **Current ratio: 2.17** (quick 1.95). Current assets cover the next year's liabilities 2.17 times.
- **Altman Z-score: 2.14**. A Z-score of 2.14 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Seeing Machines Limited does not currently pay a dividend, but it returned -11.2% of its market value through buybacks over the last year.

## Analyst view
- **Analyst consensus: strong_buy** (4 analysts). 4 analysts cover Seeing Machines Limited; the consensus is strong_buy, with an average price target of 7p (+70% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 54.5%** (YTD -17.0%, 3-mo -2.6%). The shares are up 54.5% over twelve months including dividends.
- **From 52-week high: -32.5%** (82.1% above the low). Trading 33% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 44**. An RSI of 44 is neutral.
- **Beta (1 yr): 0.28** (volatility 64%). Beta of 0.28 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=SEE.L · Page: https://foliofundamentals.com/stocks/see.l

Not investment advice.