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Norman Broadbent (NBB) AI Stock Analysis

2 Followers
GB:NBB

Norman Broadbent

(LSE:NBB)

Select Model
Rating:68Neutral
Price Target:GBX 251.00â–²(7.73% Upside)
Action:downgraded
Date:11/07/26

The score is driven primarily by improved financial performance (profitability and cash flow recovery in 2025 alongside a much less levered balance sheet). Technicals add support via an established uptrend, but an elevated RSI suggests near-term overextension. Valuation is a meaningful drag due to the negative P/E and lack of a provided dividend yield.

Positive Factors
Revenue and Profit RecoveryRevenue rebounded 13.7% in 2025 after a decline, while profitability returned, indicating recovery in demand for the company’s services. If sustained, stronger assignment activity can rebuild operating leverage and client momentum, supporting earnings over coming quarters.
Negative Factors
Cyclical and Volatile ResultsThe contrast between weak 2024 cash generation and the strong 2025 recovery shows that results can vary significantly with operating performance. This volatility makes earnings and cash generation less predictable and increases the risk that a softer recruitment market would quickly pressure results.

Norman Broadbent (NBB) vs. iShares MSCI United Kingdom ETF (EWC)

-30%-20%-10%0%10%20%30%GB:NBB+0.22%EWC+19.77%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
GBP 4.75M
Dividend Yield
―
Average Volume (3M)
4,836
Price to Earnings (P/E)
-11.3
Beta (1Y)
0.25
Revenue Growth
9.01%
EPS Growth
-190.13%
Country
UK
Employees
71
Sector
Industrials
Sector Strength
63
Industry
Staffing & Employment Services

Norman Broadbent Business Overview & Revenue Model

Company Description

Norman Broadbent plc, along with its associated companies, furnishes expert professional services both within the United Kingdom and across international borders. The firm's extensive array of offerings includes strategic board-level guidance, tempor...

How the Company Makes Money

NBB makes money primarily by delivering executive search assignments and related talent advisory work to client organizations. Its main revenue stream is fees charged to clients for recruiting senior executives and other high-value roles; these fees...

Norman Broadbent Financial Statement Overview

Summary

Financials show a clear 2025 turnaround: revenue rebounded (+13.7%), the company returned to profitability (positive operating profit/EBITDA), and free cash flow rose strongly with good earnings quality. Balance-sheet risk is lower after material deleveraging (debt-to-equity ~0.08). The main constraint is cyclicality/volatility, evidenced by weak 2024 cash flow and prior loss periods, and net margins remain modest (~4%).

Income Statement

72Positive

Balance Sheet

78Positive

Cash Flow

75Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue14.51M15.14M10.92M12.31M8.70M6.55M
Gross Profit11.16M11.85M9.31M10.57M7.35M5.86M
EBITDA31.00K1.07M183.00K643.00K-38.00K-305.00K
Net Income-413.00K620.00K-158.00K309.00K-338.00K-642.00K
Balance Sheet
Total Assets5.28M6.11M4.43M5.21M4.13M4.26M
Cash, Cash Equivalents and Short-Term Investments114.00K1.54M236.00K765.00K50.00K459.00K
Total Debt1.56M178.00K619.00K439.00K1.46M1.70M
Total Liabilities3.64M3.98M3.15M3.83M3.46M3.43M
Stockholders Equity1.63M2.13M1.28M1.38M670.00K836.00K
Cash Flow
Free Cash Flow-571.00K1.83M-29.00K1.67M-98.00K-501.00K
Operating Cash Flow-545.00K1.84M21.00K1.71M-33.00K-446.00K
Investing Cash Flow-12.00K-13.00K-73.00K-43.00K-116.00K-69.00K
Financing Cash Flow497.00K-527.00K-477.00K-954.00K-260.00K607.00K

Norman Broadbent Technical Analysis

Technical Analysis SentimentPositive
Last Price233.00

Price Trends

50DMA220.82Positive
100DMA203.68Positive
200DMA210.92Positive

Market Momentum

MACD2.90Positive
RSI79.17Negative
STOCH59.52Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:NBB, the sentiment is Positive. The current price of 233.00 is above the 20-day moving average (MA) of 230.50, above the 50-day MA of 220.82, and above the 200-day MA of 210.92, indicating a bullish trend. The MACD of 2.90 indicates Positive momentum. The RSI at 79.17 is Negative, neither overbought nor oversold. The STOCH value of 59.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:NBB.

Norman Broadbent Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

GB:NBB against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
GB:RTCGB:RTC70OutperformGBP 11.61M8.1317.93%7.06%-3.65%-15.04%
GB:GATCGB:GATC68NeutralGBP 48.56M11.8012.79%3.93%11.12%82.23%
GB:NBBGB:NBB68NeutralGBP 4.75M-11.27-21.97%―9.01%-190.13%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
GB:STAFGB:STAF57NeutralGBP 41.69M6.6717.30%―18.21%71.90%
GB:RWAGB:RWA53NeutralGBP 89.78M-3.76-25.40%―-2.82%-66.89%
GB:EMRGB:EMR50NeutralGBP 16.48M-2.18-56.72%―-1.36%2.52%

* Industrials Sector Average

Performance Comparison

0%50%GB:NBBGB:EMRGB:GATCGB:RWAGB:RTCGB:STAFDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
GB:NBB and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:NBBNorman Broadbent233.000.500.22%
GB:EMREmpresaria Group plc34.008.0030.77%
GB:GATCGattaca plc155.0066.8875.89%
GB:RWARobert Walters140.003.502.56%
GB:RTCRTC Group plc95.005.866.57%
GB:STAFStaffline Group plc37.75-7.65-16.85%

Norman Broadbent Corporate Events

Business Operations and StrategyFinancial Disclosures

Norman Broadbent Posts Record Q3 Fees and Expands Growth Platform

Positive
Oct 6, 2026

Norman Broadbent plc, the AIM-quoted executive search and senior interim management specialist, reported a record net fee income of £3.5m for the third quarter of 2026, up from £2.9m a year earlier and £3.1m in the prior quarter. The firm, which also...

Business Operations and StrategyDelistings and Listing Changes

Norman Broadbent Issues New Shares to Fund Employee Incentive Scheme

Positive
Oct 5, 2026

Norman Broadbent plc, the AIM-quoted executive search and interim management specialist, has issued 17,485 new ordinary shares to employees under its Save As You Earn scheme as part of its strategy to grow through disciplined investment in fee-earnin...

Regulatory Filings and Compliance

Norman Broadbent Confirms Total Voting Rights and Share Capital

Neutral
Sep 30, 2026

Norman Broadbent Plc has confirmed that it has 2,010,950 ordinary shares of £0.05 each in issue, with every share carrying one voting right and none held in treasury. This disclosure clarifies the company’s capital structure and voting base for inves...

Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures

Norman Broadbent Maintains Growth Momentum Amid Tough Market as H1 2026 Earnings Reflect Investment Drive

Neutral
Sep 15, 2026

Norman Broadbent reported unaudited interim results for the six months to 30 June 2026, with net fee income of £5.3m versus a record £6.0m in the prior year period, and a strong second quarter NFI of £3.1m that restored the firm’s 2025 run-rate. The...

Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance

Norman Broadbent Issues New Shares Under Employee SAYE Scheme

Neutral
Sep 11, 2026

Norman Broadbent plc, the AIM-quoted executive search and interim management specialist, has issued 2,057 new ordinary shares to an employee under its Save As You Earn scheme as part of its strategy to support growth through investment in fee-earning...

Regulatory Filings and Compliance

Norman Broadbent Confirms Total Voting Rights After Share Count Update

Neutral
Sep 2, 2026

Norman Broadbent Plc, an AIM-listed professional services firm, focuses on executive search, senior interim management and leadership advisory work across the UK and internationally. With more than four decades of experience, it supports clients in c...

Business Operations and StrategyFinancial Disclosures

Norman Broadbent Reschedules Investor Presentation Ahead of Interim Results

Neutral
Sep 1, 2026

Norman Broadbent plc, a leading executive search and interim management specialist listed on AIM, focuses on scaling its business through disciplined investment in fee-earning capacity while serving a broad range of industries in the UK and internati...

Business Operations and StrategyFinancial Disclosures

Norman Broadbent Sets Date for Interim Results and Investor Presentation

Positive
Sep 1, 2026

Norman Broadbent, a London-listed executive search and interim management specialist pursuing an ambitious growth strategy through disciplined investment in fee-earning capacity, plans to report interim results for the six months to 30 June 2026 on 1...

Business Operations and Strategy

Norman Broadbent Wins Key UK Government Executive Search Mandate

Positive
Aug 25, 2026

Norman Broadbent has been appointed as a supplier on the UK Government Commercial Agency’s RM6394 Executive & Non-Executive Search 3 framework, covering three lots over a minimum four-year term. The framework streamlines recruitment of senior executi...

Business Operations and StrategyExecutive/Board Changes

Norman Broadbent Ties New Option Grants to Ambitious Growth Targets

Positive
Aug 14, 2026

Norman Broadbent has granted options over 345,000 ordinary shares to executive directors and selected employees under its Enterprise Management Incentive Share Option Scheme, with the options exercisable at a nominal value of five pence per share and...

Business Operations and StrategyExecutive/Board Changes

Norman Broadbent hires Consumer Markets head to drive growth

Positive
Aug 12, 2026

Norman Broadbent plc, the AIM-quoted executive search and interim management specialist, has appointed David Nobbs as Managing Director to lead its global Consumer Markets practice, effective August 2026. Nobbs brings over two decades of experience i...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 06, 2026