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Netcall
(LSE:NET)
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Rating:68Neutral
Price Target:
137.00 p
▲(18.61% Upside)
Action:Reiterated
Date:10/09/26
The score is driven primarily by strong financial quality—robust margins, solid and repeatable free cash flow, and a very low-debt balance sheet. Offsetting this, valuation is a significant headwind due to the extremely high P/E and low dividend yield, and technicals show an uptrend but with overbought signals (RSI ~76) that raise near-term downside risk.
Positive Factors
Steady Revenue Growth
Steady revenue growth indicates continued customer adoption of Netcall’s software and services across its target markets. Maintaining expansion provides a durable base for operating leverage, product investment, and future cash generation over the coming quarters.
Negative Factors
Bottom-Line Margin Compression
The sharp decline in net margin shows that strong gross and EBIT margins are not fully reaching the bottom line. If this pressure persists, it could reduce earnings quality, constrain retained capital, and make future profitability less consistent.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Steady revenue growth indicates continued customer adoption of Netcall’s software and services across its target markets. Maintaining expansion provides a durable base for operating leverage, product investment, and future cash generation over the coming quarters.
Read all positive factors
Netcall (NET) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£215.80M
Dividend Yield0.74%
Average Volume (3M)326.88K
Price to Earnings (P/E)136.0
Beta (1Y)0.65
Revenue Growth20.24%
EPS Growth-62.04%
CountryUK
Employees357
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)<0.01
Shares Outstanding170,596,570
10 Day Avg. Volume543,914
30 Day Avg. Volume326,875
Financial Highlights & Ratios
PEG Ratio-2.02
Price to Book (P/B)4.00
Price to Sales (P/S)3.41
P/FCF Ratio18.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£167.50Price Target Upside45.02% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.05
Revenue Forecast (FY)£67.23M
Netcall Business Overview & Revenue Model
Company Description
Netcall plc, founded in 1984 and based in Bedford, UK, is a technology firm dedicated to the creation, advancement, marketing, and maintenance of software solutions and associated services. The company operates across the United Kingdom and global...
Netcall Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
86
Very Positive
Cash Flow
80
Positive
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 57.67M | 47.96M | 39.06M | 36.04M | 30.46M |
| Gross Profit | 44.29M | 36.65M | 33.45M | 30.27M | 25.44M |
| EBITDA | 9.92M | 8.43M | 8.58M | 6.34M | 5.39M |
| Net Income | 1.57M | 4.05M | 5.85M | 4.21M | 2.40M |
Balance Sheet | |||||
| Total Assets | 105.53M | 88.25M | 77.04M | 65.53M | 56.98M |
| Cash, Cash Equivalents and Short-Term Investments | 21.11M | 27.16M | 34.01M | 24.81M | 17.61M |
| Total Debt | 894.00K | 1.04M | 481.00K | 405.00K | 4.17M |
| Total Liabilities | 56.37M | 44.26M | 36.54M | 30.15M | 29.56M |
| Stockholders Equity | 49.16M | 43.99M | 40.50M | 35.38M | 27.42M |
Cash Flow | |||||
| Free Cash Flow | 10.55M | 10.11M | 12.15M | 8.81M | 8.05M |
| Operating Cash Flow | 10.85M | 10.33M | 14.73M | 11.56M | 9.98M |
| Investing Cash Flow | -15.20M | -15.66M | -4.21M | -2.74M | -1.94M |
| Financing Cash Flow | -1.81M | -1.56M | -1.26M | -1.68M | -4.93M |
Netcall Technical Analysis
Positive
115.50
Price Trends
120.18
Positive
119.70
Positive
117.25
Positive
Market Momentum
1.89
Negative
81.11
Negative
59.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:NET, the sentiment is Positive. The current price of 115.5 is below the 20-day moving average (MA) of 124.40, below the 50-day MA of 120.18, and below the 200-day MA of 117.25, indicating a bullish trend. The MACD of 1.89 indicates Negative momentum. The RSI at 81.11 is Negative, neither overbought nor oversold. The STOCH value of 59.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:NET.
Netcall Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | £218.33M | 24.46 | 15.05% | 3.38% | 6.41% | 10.61% | |
70 Outperform | £98.31M | 14.84 | 5.35% | ― | -1.05% | -2.05% | |
68 Neutral | £215.80M | 136.02 | 3.23% | 0.74% | 20.24% | -62.04% | |
64 Neutral | £168.14M | 18.41 | 8.80% | 2.18% | 3.82% | -18.43% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | £134.12M | 40.73 | 6.17% | 2.20% | -9.87% | -22.86% | |
58 Neutral | £161.40M | -46.49 | -26.19% | ― | 47.75% | -308.39% |
* Technology Sector Average
GB:NET
Netcall
126.50
10.99
9.51%
GB:ACSO
accesso Technology
303.50
-83.50
-21.58%
GB:DOTD
Dotdigital
55.40
-8.42
-13.19%
GB:APTD
Aptitude Software Group plc
246.00
-48.00
-16.33%
GB:TRB
Tribal Group plc
102.00
46.35
83.28%
GB:AOM
ActiveOps plc
225.00
50.00
28.57%
Netcall Corporate Events
Business Operations and StrategyDividendsFinancial DisclosuresM&A Transactions
Netcall drives cloud and AI-led growth as annual contract value surges
Positive
Oct 7, 2026
Netcall reported strong full-year results to 30 June 2026, with total revenue up 20% to £57.7m and cloud services revenue surging 37% to £40.1m, as recurring revenue rose to 83% of the total. Adjusted EBITDA increased 23% to £12.1m ...
Business Operations and StrategyDividendsFinancial Disclosures
Netcall posts strong cloud and AI-driven growth as revenue jumps 20%
Positive
Oct 7, 2026
Netcall reported strong full-year results to 30 June 2026, with revenue up 20% to £57.7m, cloud services revenue up 37% to £40.1m and recurring revenue rising to 83% of the total, reflecting increased subscription-led growth. Adjusted EB...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Netcall Sets Date for Release of 2026 Audited Results
Positive
Sep 29, 2026
Netcall plc plans to publish its audited results for the year ended 30 June 2026 on 7 October 2026, providing investors and stakeholders with updated financial and operational performance data. The enterprise software group will accompany the rele...
Business Operations and StrategyFinancial Disclosures
Netcall’s AI-Fuelled Cloud Growth Delivers Strong FY26 and Record Pipeline
Positive
Jul 21, 2026
Netcall reported a strong FY26 performance, with revenue expected to rise 20% to £57.7m and adjusted EBITDA up 23% to £12.1m, in line with market expectations. Organic growth, subscription-driven operating leverage and a 27% increase in ...
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.