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Touchstar plc (TST) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Touchstar plc £1.54, price £0.70, upside +120.0%, quality 64 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
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Technology · GB · ISIN GB00BD9YDB55

TP Thin data Sep 24, 2026

Touchstar plc

TST · LSE

Clearly undervaluedStrong Fair Value upside, but quality is only moderate.

✓Fair value £1.54 · Strongly undervalued (+120%)
!Quality 64/100
!Mixed Growth (revenue 5y +3.0 %/yr)
!Loss-making · -15.9% net margin (TTM)
✓Low debt · generates free cash flow
·4.71% dividend yield
!Trails peers (4/12)
!Narrow moat 12/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

£1.06 £0.5750 Fair Value £1.54 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range £0.5750 – £1.06 · fair‑value band £1.20 – £2.00 · the £0.7000 price screens below the £1.54 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Touchstar plc, together with its subsidiaries, designs, builds, and sells rugged mobile computing devices under the Touchstar brand in the United Kingdom, rest of Europe, and internationally.

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Touchstar plc, together with its subsidiaries, designs, builds, and sells rugged mobile computing devices under the Touchstar brand in the United Kingdom, rest of Europe, and internationally. The company supplies, installs, and maintains software applications and hardware solutions for mobile applications in the transport, logistics, and access control industries. It provides supply chain data capture solutions, GPS satellite tracking, vehicle telematics data, and software and hardware for the oil and gas logistics sector. The company also offers security clearance and attendance recording products, as well as PODStar, an EPOD solution for SMEs and other organizations. The company was formerly known as Belgravium Technologies plc and changed its name to Touchstar plc in May 2016. Touchstar plc was incorporated in 1904 and is headquartered in Manchester, the United Kingdom.

Stock analysis

Touchstar plc (TST) currently trades at £0.7000, while our model-based Fair Value estimate is £1.54, implying the stock looks roughly 54.5% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of £1.47 per share, and 9 of the 12 models we run sit above the £0.7000 price.

Bear case: the Asset-Based group reads lowest at £0.1600, and 3 of the 12 models stay below the price. Evidence for this calculation is low.

Scenario range: £1.20 (bear) to £2.00 (bull), the price of £0.7000 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 64/100 (solid quality), in the Technology sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Touchstar plc reported revenue of £6.8M in FY2025 versus £6.1M in FY2021, a compound +2.8%/yr. Reported net income was −£1.1M in FY2025.

Key figures

Market cap 6.5M GBX · P/E ex one-offs 18.3 · P/S ratio 0.95 · EPS (TTM) £−0.1300 · Dividend yield 4.7% · Net margin −15.8% · Return on equity −40.7% · Return on assets (EBIT) 4.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).

What moves the price

The share trades about 20% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −33% fair-value upside, at 120%, TST screens cheaper than that median.

Fair Value models

Bear £1.20 Fair Value £1.54 Bull £2.00
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF £1.15 £1.46 £2.01 81
Growth DCF £1.19 £1.49 £1.97 80
5Y EBITDA Exit £1.31 £1.82 £2.49 76
All 12 models by family
DCF Models
FCF DCF £1.15 £1.46 £2.01 81
5Y Revenue Exit £1.09 £1.44 £1.95 73
5Y EBITDA Exit £1.31 £1.82 £2.49 76
10Y Revenue Exit £1.09 £1.35 £1.62 68
10Y EBITDA Exit £1.24 £1.58 £1.93 70
Dividend Discount
Gordon GGM £0.2900 £0.3200 £0.3600 69
DDM Multi-Stage £0.2900 £0.3600 £0.4600 67
Multiples
EV/EBITDA £1.60 £2.03 £2.46 67
EV/Revenue £1.12 £1.47 £1.81 54
Asset-Based
NCAV (Graham) £0.1200 £0.1600 £0.2400 54
Growth DCF
Growth DCF £1.19 £1.49 £1.97 80
Rev-Margin DCF £1.09 £1.46 £1.91 74

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Quality Score breakdown

Overall quality 64/100

Of which business quality 66 · Market factors (momentum, volatility) 51

Profitability 39
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 96
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 35/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.0%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+0.4%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+3.0%
Start year 2020 (pandemic). Over 10 years: −2.4% a year
Revenue growth 40 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+0.0%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
0.7% (2020) → −0.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−17.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about −19.5% a year for the price.

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Peer Groupⓘ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.Computer Hardware · 220 stocks

Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 64 · Top 25%
Fair Value upside +120% · Top 25%
Profitability
Return on assets −14% · Bottom 25%
Net margin (TTM) −16% · Bottom 25%
Operating margin (TTM) −35% · Bottom 25%
Growth and dividend
Revenue growth −2% · Below median
Dividend yield (TTM) 4.7% · Top 25%

Valuation Multiplesvs Computer Hardware median · lower = cheaper

P/B 4.55× · Priciest 25%
P/S (TTM) 1.26× · Pricier than median
P/FCF 12.2× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 0
FUTURE (revenue growth)0 · sector 59
PAST (return on equity)0 · sector 26
HEALTH (low debt)100 · sector 97
DIVIDEND (yield)94 · sector 40

Context: sector, industry, market

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

Similar stocks

10 more Computer Hardware stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Dell Technologies Inc DELL $536.02 $195.72 −63%
Arista Networks, Inc ANET $203.47 $161.72 −21%
Western Digital Corporation WDC $473.69 $53.53 −89%
Wiwynn Corporation 6669 2,115 TWD 1,065 TWD −50%
Hangzhou Hikvision Digital Technology Co 002415 ¥33.18 ¥46.76 +41%
Quanta Computer Inc 2382 338.50 TWD 228.14 TWD −33%
Lenovo Group 0992 HK$36.92 HK$33.70 −9%
Dawning Information Industry Co 603019 ¥84.67 ¥35.54 −58%
Everpure, Inc P $110.89 $51.46 −54%
HP Inc HPQ $32.16 $51.90 +61%

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Cite: Fair Value Calculator (2026). "Touchstar plc Fair Value". https://www.fairvalue-calculator.com/stock/TST

Frequently asked questions

Is Touchstar plc (TST) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of £1.54 versus a price of £0.7000, about +120% upside (undervalued).
What is the fair value of TST?
Our model-based fair value for Touchstar plc is £1.54 (as of Sep 24, 2026), built from audited fundamentals. The current price: £0.7000.
What is the quality score of TST?
Touchstar plc has a Quality Score of 64/100. 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 price target for Touchstar plc (TST)?
Our model-based price target is the fair value of £1.54 (as of Sep 24, 2026) from 12 valuation models. Cautious scenario £1.20, optimistic scenario £2.00. It is a calculation from audited fundamentals, not an analyst target.
What is the Touchstar plc stock forecast for 2026?
Our models put fair value at £1.54, about +120% upside versus a price of £0.7000 (undervalued). Cautious scenario £1.20, optimistic scenario £2.00. The calculation is refreshed regularly with new filings.
What is the revenue of Touchstar plc (TST)?
Touchstar plc reported trailing-twelve-month revenue of about £6.8M (latest available figure, as of Sep 24, 2026).
Does Touchstar plc pay a dividend?
Touchstar plc currently shows a dividend yield of about 4.71% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Touchstar plc (TST)?
For today's price to be fair in a discounted-cash-flow model, Touchstar plc would have to grow free cash flow by -17.6 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of TST use?
Our models discount Touchstar plc at 9.0 %: a base by market capitalisation (nano), damped by beta 0.43, country premium for United Kingdom. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Touchstar plc that is -17.6 % per year a year over ten years, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Touchstar plc (TST) delivered so far?
Over the past 5 years revenue at Touchstar plc grew +3.0 % a year. The price currently implies -17.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Touchstar plc (TST) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Touchstar plc (-17.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Touchstar plc (TST)?
The free-cash-flow yield on the price is 12.32 %: that much free cash flow Touchstar plc produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Touchstar plc (TST)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Touchstar plc it is £1.54 per share (as of Sep 24, 2026), against a price of £0.7000. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Touchstar plc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, TST trades below its calculated fair value: price £0.7000, fair value £1.54, a gap of about +120% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TST?
No. The price is what the market pays today (£0.7000); the fair value is what the company's own numbers justify (£1.54). For Touchstar plc the two are £0.8400 per share apart. That gap is exactly why we show both numbers side by side.
How much is Touchstar plc worth?
The market values Touchstar plc at about 6.5M GBX (market capitalisation, as of Sep 24, 2026). Per share that is £0.7000; our models calculate a fair value of £1.54 per share.
What do the bullish and bearish scenarios say about TST?
Our models span a range for Touchstar plc: cautious scenario £1.20, base £1.54, optimistic £2.00 per share (as of Sep 24, 2026, price £0.7000). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Touchstar plc (TST)?
Balance-sheet figures for Touchstar plc (as of Sep 24, 2026): return on equity −40.7%. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is TST from its 52-week high?
Touchstar plc trades at £0.7000, about 20% below its 52-week high of £0.8700 and 22% above the low of £0.5750 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of £1.54 is for.
Which stocks are comparable to Touchstar plc?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Western Digital Corporation, Wiwynn Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Touchstar plc stock attractive at the current price?
The data as of Sep 24, 2026: price £0.7000, calculated fair value £1.54 (+120%), Quality Score 64/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TST calculated?
We run Touchstar plc through 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of £1.54, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Touchstar plc currently trades 120 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Touchstar plc (TST)?
The closing price on Sep 24, 2026 was £0.7000. Our model-based fair value is £1.54, about +120% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Touchstar plc right now?
The price is below even our cautious bear case (£1.20). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.

Key figures of Touchstar plc

How large is the market capitalisation of Touchstar plc (TST)?
The market capitalisation of Touchstar plc is 6.5M GBX. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/E ratio of Touchstar plc (TST) excluding one-off items?
Excluding one-off items, the price-to-earnings ratio of Touchstar plc is 18.3 (fiscal year 2025, the reported result was a loss).
What is the P/S ratio of Touchstar plc (TST)?
The price-to-sales ratio of Touchstar plc is 0.95 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Touchstar plc (TST)?
Earnings per share at Touchstar plc are £−0.1300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Touchstar plc (TST)?
The dividend yield of Touchstar plc is 4.7%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Touchstar plc (TST)?
The net margin of Touchstar plc is −15.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Touchstar plc (TST)?
The return on equity (ROE) of Touchstar plc is −40.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Touchstar plc (TST)?
On an EBIT basis the return on assets of Touchstar plc is 4.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Touchstar plc (TST)?
The operating margin of Touchstar plc is −35.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Touchstar plc (TST)?
Revenue at Touchstar plc is growing −1.7% versus a year earlier (3y avg +0.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Touchstar plc (TST)?
Earnings per share at Touchstar plc are growing −62.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Touchstar plc (TST) hold?
Touchstar plc holds more cash than debt, 1.8M GBX net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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