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Shearwater Group (SWG) Fair Value & Analysis

Technology · GB · Market cap 9.1M GBX

SG Shearwater Group SWG · LSE
Price£0.3700
Fair Value£1.26
Upside+240.5%
Quality95/100
Evidence: Medium Range £0.9900 – £1.52

Fair value as of: Jun 25, 2026

From 12 valuation models · updated 4 days ago

Share price −2.6% over the past month.

Price vs Fair Value (12 months)

£0.6850 £0.3650 Fair Value £1.26 Jun 2025 Jun 2026

12‑month range £0.3650 – £0.6850 · fair‑value band £0.9900 – £1.52 · the £0.3700 price screens below the £1.26 fair value. As of Jun 25, 2026.

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Analysis

Shearwater Group (SWG) currently trades at £0.3700, while our model-based Fair Value estimate is £1.26 — implying the stock looks roughly 240.5% undervalued today. We read business quality at 95/100 (high quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium) — always confirm before acting.

Over the trailing twelve months, Shearwater Group generated revenue of £34.9M at a net margin of -26.8%. Revenue grew 30.8% year over year. It earns a return on equity of -6.3%. The balance sheet holds a net cash position of £4.8M. Fundamentals as of Jun 25, 2026

Key figures & financial health

Revenue (TTM) 34.9M GBX
Revenue growth (YoY) +30.8%
Net margin -26.8%
Return on equity -6.3%
Free cash flow 1.6M GBX FY2025
Operating margin -10.0%
More key figures
EPS (TTM) £-0.1200
EPS growth (YoY) -89.6%
Net cash 4.8M GBX FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 25, 2026. TTM = trailing twelve months.

About the company

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. It operates through two segments, Software and Services. The company offers SecurEnvoy, a software that provides identity and access management, data discovery, regulatory compliance, digital transformation, and data subject access request solutions. It also provides security governance; cyber security, network monitoring, and managed security services; penetration testing, red teaming, and information security consultancy; risk management advisory and assurance; a security operations center; IR35 solutions; and Mind Security, an artificial intelligence-driven managed service for businesses. The company was formerly known as Aurum Mining plc and changed its name to Shearwater Group plc in January 2017. Shearwater Group plc was founded in 2004 and is headqua…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shearwater Group reported revenue of £31.6M in FY2025 versus £31.8M in FY2021, a compound −0.1%/yr. Reported net income was −£9.6M in FY2025.

Revenue −0.1%/yr
FY21 £31.8M
FY22 £35.9M
FY23 £26.7M
FY24 £22.6M
FY25 £31.6M
Net income
FY21 £145K
FY22 −£292K
FY23 −£8.2M
FY24 −£2.2M
FY25 −£9.6M

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Frequently asked questions

Is Shearwater Group (SWG) undervalued?
As of Jun 25, 2026, our model estimates a fair value of £1.26 versus a price of £0.3700 — about +241% (undervalued). Model-based estimate, not financial advice.
What is the fair value of SWG?
Our 21-model fair value for Shearwater Group is £1.26 (as of Jun 25, 2026), built from audited fundamentals. The current price is £0.3700.
What is the quality score of SWG?
Shearwater Group has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Shearwater Group (SWG)?
Shearwater Group reported trailing-twelve-month revenue of about £34.9M (latest available figure, as of Jun 25, 2026).
What is the net profit margin of SWG?
The net profit margin of Shearwater Group is about -26.8%, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.