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Pulsar Group (PULS) Fair Value & Analysis

Technology · GB · Market cap 46.8M GBX

PG Pulsar Group PULS · LSE
Price£0.3450
Fair Value£0.1600
Upside-53.6%
Quality45/100
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Mixed Growth
Loss-making · -15.8% net margin
generates free cash flow
Trails peers (3/11)
Narrow moat 23/100
Evidence: High Range £0.1100 – £0.2100 Share as image

Fair value as of: Jul 17, 2026

From 15 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from £0.5300 to £0.1600 (−69.8%) since Jun 24, 2026. Share price −9.3% over the past month.

Below-average quality, and screening another 54% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (£0.2100). The favourable scenario is already priced in.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (£0.1100 to £0.2100) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

£1.59 £0.3450 Fair Value £0.1600 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range £0.3450 – £1.59 · fair‑value band £0.1100 – £0.2100 · the £0.3450 price screens above the £0.1600 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Pulsar Group (PULS) currently trades at £0.3450, while our model-based Fair Value estimate is £0.1600, implying the stock looks roughly 53.6% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Pulsar Group generated revenue of £61.2M at a net margin of -15.8%. Revenue declined 0.3% year over year. It earns a return on equity of -24.7%. Net debt stands at £7.8M. Fundamentals as of Jul 17, 2026

Our scenario range runs from £0.1100 (bear case) to £0.2100 (bull case); at £0.3450, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at -54%, PULS screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF £0.2700 £0.4500 £0.7000 72
Gordon GGM £0.0100 £0.0100 £0.0100 70
Rev-Margin DCF £0.1800 £0.2800 £0.4300 67
All 15 models by family
DCF Models
FCF DCF £0.2800 £0.4500 £0.8200 38
5Y Revenue Exit £0.1800 £0.2800 £0.4300 39
5Y EBITDA Exit £0.5100 £1.04 £1.74 41
10Y Revenue Exit £0.2100 £0.3200 £0.4900 36
10Y EBITDA Exit £0.4100 £0.8100 £1.50 37
Earnings-Based
EPV £0.0800 £0.0900 £0.1000 59
Dividend Discount
Gordon GGM £0.0100 £0.0100 £0.0100 70
DDM Multi-Stage £0.0100 £0.0100 £0.0100 61
Multiples
EV/EBIT £0.1700 £0.2200 £0.2700 53
EV/EBITDA £0.7100 £0.9500 £1.19 54
EV/Revenue £0.1100 £0.1600 £0.2100 43
Asset-Based
NCAV (Graham) £0.1300 £0.1700 £0.2600 50
Growth DCF
Growth DCF £0.2700 £0.4500 £0.7000 72
Rev-Margin DCF £0.1800 £0.2800 £0.4300 67
Economic Profit
ROIC Compounder £0.0800 £0.0900 £0.1000 67

Widest divergence: DCF Models (£0.4500) versus Dividend Discount (£0.0100). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) 61.2M GBX
Revenue growth (YoY) -0.3%
Net margin -15.8%
Return on equity -24.7%
Free cash flow 3.6M GBX FY2025
Operating margin 7.8%
More key figures
EPS (TTM) £-0.0700
Net debt 7.8M GBX FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 44 · Market factors (momentum, volatility) 39

Profitability 25
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 34
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 37
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Pulsar Group plc, together with its subsidiaries, provides software-as-a-service products and services to consumer brands and blue-chip enterprises, marketing agencies, and public sector organizations.

Full company description

Pulsar Group plc, together with its subsidiaries, provides software-as-a-service products and services to consumer brands and blue-chip enterprises, marketing agencies, and public sector organizations. The company's solutions include Isentia, a media monitoring and insights solution platform; Pulsar, an audience insights and social listening platform; and Vuelio, which provides monitoring, insight, engagement and evaluation tools for enterprises, communication agencies, public sector, and not-for-profit organizations. It also offers ResponseSource, a network that connects journalists and influencers to the PR and communications industry. It operates in the United Kingdom, North America, rest of Europe, Australia, New Zealand, Asia, and internationally. The company was formerly known as Access Intelligence Plc and changed its name to Pulsar Group plc in May 2024. Pulsar Group plc was incorporated in 2003 and is headquartered in London, the United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Pulsar Group reported revenue of £61.2M in FY2025 versus £33.3M in FY2021, a compound +16.4%/yr. Reported net income was −£9.6M in FY2025.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
£61.2M
Latest YoY
−1.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−2.4%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+26.3%
Avg. growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+25.2%
Revenue +16.4%/yr
FY21 £33.3M
FY22 £65.7M
FY23 £62.4M
FY24 £62.0M
FY25 £61.2M
Net income
FY21 −£8.7M
FY22 −£4.2M
FY23 −£7.9M
FY24 −£6.6M
FY25 −£9.6M

PULS screens 54% overvalued. Compare with SAP SE →

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Cite: Fair Value Calculator (2026). "Pulsar Group Fair Value". https://www.fairvalue-calculator.com/stock/PULS

Peer Group

Software - Application · 710 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 45 · Below median
Fair Value upside −54% · Below median
Return on assets 1% · Below median
Net margin (TTM) -16% · Bottom 25%
Operating margin (TTM) 8% · Above median
Revenue growth -0% · Below median

Valuation Multiples vs Software - Application median · lower = cheaper

P/B 1.78× · Cheaper than median
P/S (TTM) 1.03× · Cheaper than median
P/FCF 17.4× · Pricier than median
EV/EBITDA 21.7× · Pricier than median

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAPS C$12.69 C$16.26 +28%
Shopify Inc SHOP C$173.23 C$20.54 -88%
Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

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Frequently asked questions

Is Pulsar Group (PULS) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of £0.1600 versus a price of £0.3450, about −54% (overvalued).
What is the fair value of PULS?
Our model-based fair value for Pulsar Group is £0.1600 (as of Jul 17, 2026), built from audited fundamentals. The current price is £0.3450.
What is the quality score of PULS?
Pulsar Group has a Quality Score of 45/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Pulsar Group (PULS)?
Pulsar Group reported trailing-twelve-month revenue of about £61.2M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of PULS?
The net profit margin of Pulsar Group is about -15.8%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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