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Norman Broadbent
(LSE:NBB)
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Rating:71Outperform
Price Target:
229.00 p
▲(12.25% Upside)
Action:Upgraded
Date:08/06/26
The score is driven primarily by improving financial performance (profitability, cash generation, and a significantly de-levered balance sheet) and a very low P/E valuation. These positives are tempered by only middling technicals, with the stock still below longer-term moving averages and momentum indicators suggesting stabilization rather than a clear uptrend.
Positive Factors
Profitability and Revenue Recovery
The 2025 return to profitability alongside a 13.7% revenue rebound indicates improved operating execution and renewed client demand. Positive operating profit and EBITDA provide a stronger base for sustaining the business, although future results remain dependent on continued hiring and advisory activity.
Negative Factors
Cyclical Operating Performance
The sharp contrast between weak 2024 results and the 2025 recovery shows that earnings can fluctuate materially with recruitment and leadership-advisory demand. This cyclicality makes profits less predictable over a two-to-six-month horizon and increases the risk that a softer hiring environment reverses recent gains.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability and Revenue Recovery
The 2025 return to profitability alongside a 13.7% revenue rebound indicates improved operating execution and renewed client demand. Positive operating profit and EBITDA provide a stronger base for sustaining the business, although future results remain dependent on continued hiring and advisory activity.
Read all positive factors
Norman Broadbent (NBB) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£4.04M
Dividend YieldN/A
Average Volume (3M)3.82K
Price to Earnings (P/E)―
Beta (1Y)0.37
Revenue Growth9.01%
EPS Growth-190.13%
CountryUK
Employees62
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)-0.21
Shares Outstanding2,010,950
10 Day Avg. Volume8,087
30 Day Avg. Volume3,819
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)2.01
Price to Sales (P/S)0.28
P/FCF Ratio2.34
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.08
Revenue Forecast (FY)£16.00M
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, tem...
How the Company Makes Money
NBB makes money primarily by providing recruitment and leadership advisory services to client organisations. Its core revenue streams are: (1) Executive search fees for placing senior permanent candidates (typically charged as professional service...
Norman Broadbent Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
75
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.51M | 15.14M | 10.92M | 12.31M | 8.70M | 6.55M |
| Gross Profit | 11.16M | 11.85M | 9.31M | 10.57M | 7.35M | 5.86M |
| EBITDA | 31.00K | 1.07M | 183.00K | 643.00K | -38.00K | -305.00K |
| Net Income | -413.00K | 620.00K | -158.00K | 309.00K | -338.00K | -642.00K |
Balance Sheet | ||||||
| Total Assets | 5.28M | 6.11M | 4.43M | 5.21M | 4.13M | 4.26M |
| Cash, Cash Equivalents and Short-Term Investments | 114.00K | 1.54M | 236.00K | 765.00K | 50.00K | 459.00K |
| Total Debt | 1.56M | 178.00K | 619.00K | 439.00K | 1.46M | 1.70M |
| Total Liabilities | 3.64M | 3.98M | 3.15M | 3.83M | 3.46M | 3.43M |
| Stockholders Equity | 1.63M | 2.13M | 1.28M | 1.38M | 670.00K | 836.00K |
Cash Flow | ||||||
| Free Cash Flow | -571.00K | 1.83M | -29.00K | 1.67M | -98.00K | -501.00K |
| Operating Cash Flow | -545.00K | 1.84M | 21.00K | 1.71M | -33.00K | -446.00K |
| Investing Cash Flow | -12.00K | -13.00K | -73.00K | -43.00K | -116.00K | -69.00K |
| Financing Cash Flow | 497.00K | -527.00K | -477.00K | -954.00K | -260.00K | 607.00K |
Norman Broadbent Technical Analysis
Positive
204.00
Price Trends
195.97
Positive
192.09
Positive
212.54
Negative
Market Momentum
2.35
Positive
56.63
Neutral
11.86
Positive
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 204 is below the 20-day moving average (MA) of 206.45, above the 50-day MA of 195.97, and below the 200-day MA of 212.54, indicating a neutral trend. The MACD of 2.35 indicates Positive momentum. The RSI at 56.63 is Neutral, neither overbought nor oversold. The STOCH value of 11.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:NBB.
Norman Broadbent Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | £4.04M | -9.72 | -21.97% | ― | 9.01% | -190.13% | |
70 Outperform | £11.30M | 8.13 | 17.93% | 7.06% | -3.65% | -15.04% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | £43.44M | 6.98 | 17.30% | 2.32% | 18.21% | 71.90% | |
56 Neutral | £44.46M | 13.20 | 11.07% | 2.38% | 5.91% | 458.42% | |
51 Neutral | £85.18M | -3.88 | -25.40% | 10.44% | -2.82% | -66.89% | |
48 Neutral | £15.51M | -2.05 | -56.72% | 1.89% | -1.36% | 2.52% |
* Industrials Sector Average
GB:NBB
Norman Broadbent
207.00
-38.00
-15.51%
GB:EMR
Empresaria
32.00
0.50
1.59%
GB:GATC
Gattaca
138.00
51.86
60.21%
GB:RWA
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138.00
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11.29%
GB:RTC
RTC Group plc
95.00
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GB:STAF
Staffline
39.80
-1.00
-2.45%
Norman Broadbent Corporate Events
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 firmR...
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-earn...
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 i...
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 intern...
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 o...
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...
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 ...
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 experienc...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Norman Broadbent Issues New Shares to Fund Employee Incentive Awards
Positive
Jul 31, 2026
Norman Broadbent plc, listed on AIM under ticker NBB, is a UK-headquartered professional services firm focused on executive search, senior interim management and bespoke leadership advisory services across domestic and international markets. Estab...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Norman Broadbent Builds Momentum With Q2 Net Fee Income Surge and Growth Investments
Positive
Jul 8, 2026
Norman Broadbent reported a strong trading performance for the second quarter of 2026, with net fee income rising to £3.1m from £2.2m in the first quarter, despite continued geopolitical uncertainty and slower client hiring decisions. Ne...
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.