Touchstar

TST.L

Computer Hardware · Technology

Price

85.00 GBp

+0.00 (+0.00%)

Market Cap

6.8M GBp

Exchange

London Stock Exchange

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

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

How the score breaks down

Quality

Mixed

Growth

Weak

Cash Flow

Weak

Stability

Good

Valuation

Data not available

Dividends

Strong

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Share count falling — buybacks

−3.9% over 4y

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

Diluted shares outstanding: 8.5M (2021) → 8.1M (2025)

Winston Score History

The full picture

Touchstar plc is a small UK-based technology company that makes rugged mobile computing devices and software for workers in industrial and field-based environments. Its products include handheld computers and data capture systems used by businesses in sectors like fuel distribution, transport, and warehousing. The company sells both the hardware and the software that runs on it, giving customers a complete solution for managing mobile workers.

Touchstar earns revenue through a mix of hardware sales, software licenses, and ongoing support and maintenance contracts. It operates primarily in the United Kingdom and serves a relatively niche set of industrial customers. Its competitive position comes from deep specialization in rugged, purpose-built devices for specific industries, which makes it harder for customers to switch to generic alternatives. However, with an operating margin near zero and a very small market cap, the company faces real pressure to grow recurring software revenue and control costs to reach consistent profitability.

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

-1.7% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-854.7% YoY

YoY Growth Rate

Earnings declining

R&D Spend

£0/ year

↓ Declining (-100% vs prior year)

0.0% of revenue

Below sector average (15%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

50.5%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

£3M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Touchstar's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

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.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

49.6%

Healthy — 49.6% gross margin

Profit after running costs

Operating Margin

4.4%

Thin — 4.4% operating margin

Return on the money invested

ROCE

-0.2%

Weak — -0.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-1.0%

Shrinking sales (-1.0% YoY)

Profit growth

EPS YoY

-399.8%

Earnings shrinking (-399.8% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

3/8 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

10.3%

Modest free cash flow (10.3%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns

Debt / Equity

0.08

Conservative — low debt load (0.08)

Covers its interest

Interest Cover

N/A

Data not available

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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

Dividend

Dividend Yield

3.80%

Moderate income — 3.80% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record

Dividend Growth

+131.0%

Dividend growing fast (131.0% YoY)

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