BATM Advanced Communications

BVC.L

Medical - Instruments & Supplies · Healthcare

Price

11.85 GBp

-0.35 (-2.87%)

Market Cap

£40.3M

Exchange

London Stock Exchange

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Dec 31, 2025

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Good

Valuation

Data not available

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Share count falling — buybacks

−1.7% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 444.3M (2021) → 436.6M (2025)

Winston Score History

The full picture

BATM Advanced Communications is an Israeli technology company that operates in two main areas: networking equipment and medical/bio-technology. Its networking division makes hardware and software for moving data across telecom and government networks. Its medical division focuses on diagnostic systems and biological waste treatment, selling to hospitals, labs, and public health agencies.

The company earns revenue by selling hardware products and related services across both divisions, with customers spread across Europe, North America, Israel, and parts of Asia. At roughly $100 million in market cap, BATM is a small company with a modest operating margin of around 1.6%, meaning it keeps very little profit after costs. Its two-division structure gives it some diversification, but also makes it harder to build a deep competitive advantage in either area — the main risk is that neither business has scaled enough to generate strong, consistent returns for shareholders.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+10.2% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+34.1% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$5M/ year

↑ Rising (+11% vs prior year)

4.1% of revenue

Below sector average (18%)

R&D investment increasing — building for the future

Insider Activity

3.0%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~19 months

$30M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Adequate runway but may need to raise capital within 2 years

Growth context

BATM Advanced Communications is growing revenue at 10% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

32.3%

Modest — 32.3% gross margin

Profit after running costs

Operating Margin

1.4%

Thin — 1.4% operating margin

Return on the money invested

ROCE

2.5%

Weak — 2.5% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth

Sales YoY

+5.3%

Slow sales growth (+5.3% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-7.1%

Burning cash (-7.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.15

Conservative — low debt load (0.15)

Covers its interest

Interest Cover

1.29x

Dangerous — barely covers interest (1.3x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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