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Friday 6 November 2026
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SmartKem, Inc.
SMTK Technology Semiconductor Equipment & Materials
SmartKem, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $697,000.00, up 750.0% from fiscal 2024.
- Revenue
- −13.0%
- EPS
- +53.3%
- Free cash flow
- +34.6%
Quarter to June 2026, against a year earlier
0.28
0.05
−15.15%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | 0 | 0 | 0 | 0 | 0 | 1 | 1 | +49.3% | — | — | — | — | |
| Gross margin, % | — | — | — | — | 41.49 | 55.56 | 17.50 | 14.81 | 60.98 | 60.98 | 60.37 | +19.5 pt | ||||||
| EBT | — | — | — | — | (23) | (17) | (11) | (8) | (10) | (11) | (29) | (14.6%) | ||||||
| EBT margin, % | — | — | — | — | (24,609.57) | (95,144.44) | (28,677.50) | (31,477.78) | (12,596.34) | (1,511.19) | 0.00 | +23,098.4 pt | ||||||
| Net income | — | — | — | — | (23) | (17) | (11) | (8) | (10) | (11) | (29) | (14.6%) | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.37 | 0.04 | 2.41 | 1.00 | 1.26 | 4.27 | 0.00 | +63.4% | |||||
| Earnings | — | — | — | — | (90.21) | (33.94) | (694.22) | (315.97) | (300.00) | (64.50) | (107.77) | (6.5%) | ||||||
| Cash flow | — | — | — | — | (15.92) | (19.27) | (545.12) | (298.77) | (124.17) | (47.43) | (10.65) | +24.4% | ||||||
| Capex | — | — | — | — | (0.46) | (0.68) | (4.76) | (0.67) | (1.15) | (0.75) | 0.00 | +10.4% | ||||||
| Free cash flow | — | — | — | — | (16.38) | (19.95) | (549.88) | (299.44) | (125.32) | (48.19) | (10.65) | +24.1% | ||||||
| Book value | — | — | — | — | 7.22 | 26.79 | 354.40 | 301.60 | 101.09 | (24.12) | 20.59 | n/m | ||||||
| Shares, m | — | — | — | — | 0 | 1 | 0 | 0 | 0 | 0 | 0 | (8.7%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | — | 0.00 | 0.00 | 435.75 | 288.93 | 111.22 | 12.46 | 0.20 | 141.4 | ||||||
| P/B | — | — | — | — | 163.29 | 163.29 | 2.96 | 0.96 | 1.43 | 0.00 | 0.01 | 55.3 | ||||||
| EV/Sales | — | — | — | — | 0.00 | 0.00 | 329.88 | (38.33) | 27.21 | 11.92 | (5.11) | 55.1 | ||||||
| EV/FCF | — | — | — | — | (217.47) | (217.47) | (1.45) | 0.13 | (0.28) | (1.05) | 0.68 | (72.9) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | (4) | (10) | (9) | (8) | (8) | (8) | (5) | +13.6% | |||||
| Capex | — | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | +0.8% | ||||||
| Free cash flow | — | — | — | — | (4) | (10) | (9) | (8) | (8) | (8) | (5) | +13.4% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | 1 | 13 | 5 | 9 | 6 | (4) | 10 | n/m | |||||
| Net debt | — | — | — | — | (1) | (12) | (4) | (9) | (7) | 0 | (4) | (13.3%) | ||||||
| Shareholders’ equity | — | — | — | — | 2 | 14 | 6 | 8 | 7 | (4) | 10 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | 0.00 | (190.19) | (101.79) | (90.43) | (193.83) | (187.79) | (390.78) | (187.8) pt | |||||
| ROIC | — | — | — | — | (261.61) | (786.17) | (367.64) | 0.00 | 0.00 | 0.00 | (96.97) | +261.6 pt | ||||||
| ROE | — | — | — | — | 0.00 | (222.81) | (118.47) | (121.45) | (265.97) | (791.04) | (598.72) | (791.0) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 44 | 55 | 31 | 29 | 29 | — | (9.9%) | |||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Mar 2026 · fundamentals updated 26 Oct 2026
SmartKem, Inc. vs peers in Semiconductor Equipment & Materials (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| AEHR Aehr Test Systems | $1.6B | — (loss-making) | 106× | +33.69% (above 0%: growing) | n/m | +133.16% (above 0%: growing) | 42.57% | (6.40%) | Compare |
| PLAB Photronics, Inc. | $1.5B | 9.0× | 12.3× | +2.69% (above 0%: growing) | +25.00% (above 0%: growing) | +56.06% (above 0%: growing) | 33.20% | 21.06% | Compare |
| ICHR Ichor Holdings, Ltd. | $1.1B | 483× | 54.5× | +37.36% (above 0%: growing) | n/m | −1,983.47% (below 0%: shrinking) | 15.83% | 6.94% | Compare |
| NANO Forge Nano Holdings, Inc. | $522.3M | — | — | — | — | — | — | — | Compare |
| ASYS Amtech Systems, Inc. | $194.1M | 41.8× | 39.2× | +14.45% (above 0%: growing) | +1,386.49% (above 0%: growing) | −47.84% (below 0%: shrinking) | 50.01% | 9.86% | Compare |
| INTT inTest Corporation | $157.8M | 104× | 57.9× | +25.54% (above 0%: growing) | n/m | +614.26% (above 0%: growing) | 40.49% | 1.03% | Compare |
| ATOM Atomera Incorporated | $101.8M | — (loss-making) | — (loss-making) | +3,850.00% (above 0%: growing) | n/m | +5.57% (above 0%: growing) | 83.54% | 0.00% | Compare |
| TRT Trio-Tech International | $47.1M | — (loss-making) | 19.5× | +39.92% (above 0%: growing) | n/m | +118.83% (above 0%: growing) | 18.61% | (1.78%) | Compare |
| SMTK SmartKem, Inc. | $350.0K | — (loss-making) | — | −13.04% (below 0%: shrinking) | n/m | +34.57% (above 0%: growing) | 80.00% | 0.00% | |
| Median of peers | $358.2M | 72.7× | 46.9× | +33.69% | — | +56.06% | 40.49% | 1.03% |
Pay and ownership Proxy statement filed 18 May 2026
Ownership
Directors and executive officers, together
3.50%
Strategic Capital Advisors, Ltd.
19.90%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement