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Next Fifteen Communications
(LSE:NFG)
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Rating:58Neutral
Price Target:
330.00 p
â–˛(3.94% Upside)
Action:Reiterated
Date:08/11/26
The score is primarily held back by weakening financial performance (revenue decline, swing to net losses, and higher leverage), partially offset by resilient operating/FCF generation. Technicals are supportive with strong trend momentum, though short-term indicators look overbought. Valuation is mixed: an attractive dividend yield is tempered by negative earnings (negative P/E).
Positive Factors
Cash generation resilience
Operating and free cash flow remained solidly positive in 2026 despite reported net losses, indicating resilient cash conversion. This durable cash generation helps fund operations, service debt, and invest in growth or integrations, providing a buffer through slow revenue periods.
Negative Factors
Revenue and earnings deterioration
Revenue deterioration and a sharp swing to a net loss indicate weakening client demand, pricing pressure, or retention issues. Sustained top-line decline undermines margins, reduces room for investments, and increases the risk that operating strengths cannot offset below-the-line volatility over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation resilience
Operating and free cash flow remained solidly positive in 2026 despite reported net losses, indicating resilient cash conversion. This durable cash generation helps fund operations, service debt, and invest in growth or integrations, providing a buffer through slow revenue periods.
Read all positive factors
Next Fifteen Communications (NFG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
ÂŁ318.75M
Dividend Yield4.93%
Average Volume (3M)367.03K
Price to Earnings (P/E)―
Beta (1Y)2.30
Revenue Growth-15.42%
EPS Growth-176.16%
CountryUK
Employees3,350
SectorCommunication Services
Sector Strength97
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)-0.29
Shares Outstanding102,328,040
10 Day Avg. Volume215,445
30 Day Avg. Volume367,031
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)2.68
Price to Sales (P/S)0.57
P/FCF Ratio7.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
ÂŁ510.00Price Target Upside60.63% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.42
Revenue Forecast (FY)ÂŁ443.14M
Next Fifteen Communications Business Overview & Revenue Model
Company Description
Next 15 Group plc, along with its various subsidiaries, offers a wide array of communication solutions across an international footprint that includes the United Kingdom, Europe, Africa, the United States, and the Asia Pacific. The company also sp...
How the Company Makes Money
NFG makes money primarily by selling marketing and communications services through its operating businesses and agency brands. Revenue is largely fee-based and is generated from (1) retained client relationships, where clients pay ongoing monthly/...
Next Fifteen Communications Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
52
Neutral
Cash Flow
63
Positive
| Breakdown | Jan 2026 | Jan 2025 | Jan 2023 | Jan 2022 | Jan 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 617.27M | 729.81M | 734.67M | 470.06M | 323.67M |
| Gross Profit | 92.61M | 123.74M | 577.84M | 74.40M | 49.35M |
| EBITDA | 64.35M | 104.12M | 147.21M | -41.61M | 34.14M |
| Net Income | -30.24M | 39.47M | 52.91M | -69.22M | -4.94M |
Balance Sheet | |||||
| Total Assets | 521.24M | 604.96M | 591.62M | 444.76M | 321.65M |
| Cash, Cash Equivalents and Short-Term Investments | 88.35M | 89.43M | 42.87M | 58.22M | 26.83M |
| Total Debt | 138.25M | 150.96M | 77.66M | 55.46M | 55.58M |
| Total Liabilities | 389.34M | 423.77M | 435.40M | 383.30M | 204.77M |
| Stockholders Equity | 131.90M | 181.67M | 155.98M | 59.83M | 116.96M |
Cash Flow | |||||
| Free Cash Flow | 44.77M | 67.18M | 69.27M | 72.60M | 60.35M |
| Operating Cash Flow | 46.52M | 69.38M | 76.42M | 78.40M | 64.46M |
| Investing Cash Flow | -6.62M | -12.89M | -23.97M | -32.23M | -27.82M |
| Financing Cash Flow | -44.68M | -71.76M | -55.08M | -14.79M | -38.24M |
Next Fifteen Communications Technical Analysis
Positive
317.50
Price Trends
293.56
Positive
272.98
Positive
279.13
Positive
Market Momentum
3.62
Positive
51.70
Neutral
34.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:NFG, the sentiment is Positive. The current price of 317.5 is below the 20-day moving average (MA) of 319.27, above the 50-day MA of 293.56, and above the 200-day MA of 279.13, indicating a neutral trend. The MACD of 3.62 indicates Positive momentum. The RSI at 51.70 is Neutral, neither overbought nor oversold. The STOCH value of 34.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:NFG.
Next Fifteen Communications Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ÂŁ327.01M | 26.70 | 6.46% | 3.33% | 2.11% | 818.58% | |
72 Outperform | ÂŁ328.85M | -107.83 | -0.61% | 2.22% | -6.07% | 99.09% | |
65 Neutral | ÂŁ80.05M | 16.71 | 6.44% | 3.39% | -0.49% | -9.92% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | ÂŁ4.04B | -16.86 | -9.33% | 4.00% | -6.47% | -162.96% | |
58 Neutral | ÂŁ318.75M | -10.58 | -20.40% | 4.93% | -15.42% | -176.16% | |
53 Neutral | ÂŁ176.08M | -82.68 | -6.04% | 1.23% | -12.14% | -117.78% |
* Communication Services Sector Average
GB:NFG
Next Fifteen Communications
311.50
56.30
22.06%
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Next Fifteen Communications Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Next 15 Group Updates Block Listing for Long‑Term Incentive Shares
Neutral
Aug 3, 2026
Next 15 Group plc has reported its latest six‑monthly block listing return for shares issued under the Next Fifteen Long Term Incentive Plan. During the period from 1 February to 31 July 2026, the company allotted 12,391 shares to participan...
Regulatory Filings and Compliance
Next 15 Confirms Total Voting Rights and Share Capital Structure
Neutral
Aug 3, 2026
Next 15 Group plc has confirmed that, as of 31 July 2026, its issued share capital comprises 102,131,239 ordinary shares of 2.5 pence each, with no shares held in treasury. This disclosure sets the official share count that investors must use when...
Business Operations and StrategyDelistings and Listing Changes
Next 15 Adds New Shares to Fund Long-Term Incentives at M. Booth
Positive
Jul 23, 2026
Next 15 Group plc has applied to the London Stock Exchange for the admission of 271,140 new ordinary shares to AIM, to be issued as consideration for the vesting of long-term incentives linked to its subsidiary M. Booth Associates LLC. The new sh...
Business Operations and StrategyDelistings and Listing ChangesRegulatory Filings and Compliance
Next 15 Seeks AIM Admission for New Shares Issued Under Long-Term Incentive Plan
Positive
Jul 14, 2026
Next 15 Group plc has applied for the admission of 424,414 new ordinary shares to trading on AIM, with the stock to be issued as consideration linked to the vesting of long‑term incentives at its subsidiary M. Booth Associates LLC. The new ...
Business Operations and StrategyDelistings and Listing ChangesM&A Transactions
Next 15 Group Seeks AIM Admission for New Shares Issued Under Acquisition Earnouts
Neutral
Jul 8, 2026
Next 15 Group plc has applied to the London Stock Exchange for the admission of 394,359 new ordinary shares to AIM, tied to earnout payments from past acquisitions. The shares relate to the 2024 purchase of Cadence Innova Limited by Transform UK C...
Business Operations and StrategyStock BuybackDividendsShareholder Meetings
Next 15 Shareholders Back All Resolutions at 2026 AGM
Positive
Jul 8, 2026
Next 15 Group plc reported that shareholders approved all resolutions at its annual general meeting in London on 8 July 2026, including the adoption of the annual report and accounts for the year to 31 January 2026. The meeting reflected active sh...
Regulatory Filings and Compliance
Next 15 Group Sets Official Share Count for Voting Rights Disclosure
Neutral
Jul 1, 2026
Next 15 Group plc has confirmed that, as of 30 June 2026, its issued share capital comprises 101,041,326 ordinary shares of 2.5p each, with no shares held in treasury, establishing the current base of voting rights. This disclosure provides invest...
Business Operations and StrategyRegulatory Filings and Compliance
Next 15 Issues New Shares Under Long-Term Incentive Plan
Neutral
Jun 9, 2026
Next 15 Group plc has issued 12,391 new ordinary shares of 2.5p each following the vesting of awards granted under its Long-Term Incentive Plan. This allocation reflects the company’s ongoing use of equity-based remuneration to align managem...
Business Operations and StrategyExecutive/Board Changes
Next 15 grants long-term performance share awards to CEO and CFO
Positive
Jun 2, 2026
Next 15 Group plc has granted new performance share awards under its Long-Term Incentive Plan to Chief Executive Officer Sam Knights and Chief Financial Officer Mickey Kalifa. Knights received an award over 287,500 ordinary shares and Kalifa over ...
Regulatory Filings and Compliance
Next 15 Confirms Total Voting Rights and Share Capital Base
Neutral
Jun 1, 2026
Next 15 Group plc has confirmed that its issued share capital comprised 101,028,935 ordinary shares of 2.5 pence each as of 31 May 2026, with no shares held in treasury. This updated share count serves as the reference figure for investors to asse...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Next 15 Group publishes 2026 report and sets date for London AGM
Neutral
May 20, 2026
Next 15 Group plc has published its 2026 Annual Report and Accounts alongside the formal Notice of its 2026 Annual General Meeting, making both documents available to shareholders via the company’s website. The move provides investors with t...
Regulatory Filings and Compliance
Next 15 Director Increases Stake with Share Purchase
Positive
May 11, 2026
Next 15 Group plc disclosed that non-executive director Mark Astaire bought 9,000 ordinary shares in the company on 11 May 2026 at 274.06p each on the London Stock Exchange’s AIM market. Following this transaction, Astaire’s total hold...
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.