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Next 15 Group plc
(LSE:NFG)
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Rating:52Neutral
Price Target:
300.00 p
â–Ľ(-5.51% Downside)
Action:Reiterated
Date:10/09/26
The score is held back primarily by weakening financial performance (revenue contraction, net loss) and higher leverage, which increase near-term risk. Positive free cash flow provides important support, while technical indicators show subdued momentum and valuation is only moderately supported by the high dividend yield despite loss-driven negative P/E.
Positive Factors
Resilient Cash Generation
Positive operating and free cash flow despite reported losses indicates the service platform is still converting activity into cash. That resilience can help fund operations and obligations over the next several quarters, although the declining cushion means cash generation is not fully immune to weaker profitability.
Negative Factors
Revenue Contraction
Annual revenue fell about 10.5% in 2026 after being essentially flat in 2025, showing a deterioration in top-line momentum. Persistent contraction would limit operating leverage, make growth investment harder to fund, and increase pressure on agencies to retain and expand client accounts.
Read all positive and negative factors
Positive Factors
Negative Factors
Resilient Cash Generation
Positive operating and free cash flow despite reported losses indicates the service platform is still converting activity into cash. That resilience can help fund operations and obligations over the next several quarters, although the declining cushion means cash generation is not fully immune to weaker profitability.
Read all positive factors
Next 15 Group plc (NFG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
ÂŁ337.68M
Dividend Yield4.65%
Average Volume (3M)508.93K
Price to Earnings (P/E)―
Beta (1Y)1.68
Revenue Growth-14.13%
EPS Growth-302.80%
CountryUK
Employees3,350
SectorCommunication Services
Sector Strength97
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)-0.31
Shares Outstanding102,328,040
10 Day Avg. Volume501,714
30 Day Avg. Volume508,926
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
ÂŁ475.75Price Target Upside49.84% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.42
Revenue Forecast (FY)ÂŁ434.84M
Next 15 Group plc 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, communications, and related professional services through its operating agencies and specialist businesses. Revenue is largely fee-based and is generated from (1) retained engagements (ongoing monthl...
Next 15 Group plc Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
52
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2023 | Jan 2022 | Jan 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 592.46M | 617.27M | 729.81M | 734.67M | 470.06M | 323.67M |
| Gross Profit | 87.82M | 92.61M | 123.74M | 577.84M | 74.40M | 49.35M |
| EBITDA | 71.04M | 64.35M | 104.12M | 147.21M | -41.61M | 34.14M |
| Net Income | -32.23M | -30.24M | 39.47M | 52.91M | -69.22M | -4.94M |
Balance Sheet | ||||||
| Total Assets | 528.71M | 521.24M | 604.96M | 591.62M | 444.76M | 321.65M |
| Cash, Cash Equivalents and Short-Term Investments | 87.99M | 88.35M | 89.43M | 42.87M | 58.22M | 26.83M |
| Total Debt | 155.41M | 138.25M | 150.96M | 77.66M | 55.46M | 55.58M |
| Total Liabilities | 409.40M | 389.34M | 423.77M | 435.40M | 383.30M | 204.77M |
| Stockholders Equity | 119.31M | 131.90M | 181.67M | 155.98M | 59.83M | 116.96M |
Cash Flow | ||||||
| Free Cash Flow | 34.13M | 44.77M | 67.18M | 69.27M | 72.60M | 60.35M |
| Operating Cash Flow | 35.76M | 46.52M | 69.38M | 76.42M | 78.40M | 64.46M |
| Investing Cash Flow | -10.37M | -6.62M | -12.89M | -23.97M | -32.23M | -27.82M |
| Financing Cash Flow | -18.05M | -44.68M | -71.76M | -55.08M | -14.79M | -38.24M |
Next 15 Group plc Technical Analysis
Positive
317.50
Price Trends
314.58
Positive
294.78
Positive
278.98
Positive
Market Momentum
4.31
Negative
57.42
Neutral
73.53
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 318.49, above the 50-day MA of 314.58, and above the 200-day MA of 278.98, indicating a bullish trend. The MACD of 4.31 indicates Negative momentum. The RSI at 57.42 is Neutral, neither overbought nor oversold. The STOCH value of 73.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:NFG.
Next 15 Group plc Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ÂŁ75.35M | 19.07 | 5.37% | 3.60% | 3.00% | -23.99% | |
67 Neutral | ÂŁ322.23M | 56.55 | 3.05% | 3.36% | 1.98% | -57.39% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | ÂŁ4.37B | -18.21 | -9.33% | 3.70% | -6.47% | -162.96% | |
54 Neutral | ÂŁ257.25M | -84.35 | -0.61% | 6.31% | -6.07% | 99.09% | |
52 Neutral | ÂŁ337.68M | -10.51 | -25.66% | 4.65% | -14.13% | -302.80% | |
47 Neutral | ÂŁ134.93M | -13.61 | -32.44% | 1.23% | -4.93% | -232.75% |
* Communication Services Sector Average
GB:NFG
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Next 15 Group plc Corporate Events
Business Operations and StrategyDividendsFinancial DisclosuresLegal Proceedings
Next 15 narrows revenue decline as simplification and AI-led strategy lift margins
Neutral
Oct 8, 2026
Next 15 Group reported interim net revenue of £214.9m for the six months to 31 July 2026, down 6.9% year on year, with like-for-like net revenue at constant currency slipping 1.3%. Adjusted operating profit declined slightly to £32.1m, b...
Regulatory Filings and Compliance
Next 15 Confirms Total Voting Rights and Share Capital Structure
Neutral
Oct 1, 2026
Next 15 Group plc has confirmed that as of 30 September 2026 its issued share capital comprises 102,328,038 ordinary shares of 2.5p each, with no shares held in treasury. This disclosure clarifies the total number of voting rights in the company a...
Business Operations and StrategyFinancial Disclosures
Next 15 Group Sets Date for Release of Interim Results
Neutral
Sep 9, 2026
Next 15 Group plc has announced it will publish its interim results for the period ended 31 July 2026 on Thursday, 8 October 2026 at 07:00 BST. The company is organising a dedicated presentation for sell-side analysts at 09:30 BST that same day, u...
Regulatory Filings and Compliance
Next 15 Group Confirms Total Voting Rights and Share Capital
Neutral
Sep 1, 2026
Next 15 Group plc has confirmed that its issued share capital stood at 102,328,038 ordinary shares of 2.5 pence each as of 31 August 2026, with no shares held in treasury, clarifying the current size of its equity base. This disclosure provides in...
Business Operations and StrategyDelistings and Listing ChangesM&A Transactions
Next 15 Seeks AIM Admission for New Shares Linked to Savanta Acquisition Earnout
Neutral
Aug 14, 2026
Next 15 Group plc has applied to the London Stock Exchange for the admission of 160,410 new ordinary shares to AIM, to be issued as part of the second earnout payment tied to its November 2023 acquisition of Explorer MWI Corporation and Explorer M...
Business Operations and StrategyRegulatory Filings and Compliance
Next 15 Group Adds Shares for Incentive Vesting on AIM
Neutral
Aug 14, 2026
Next 15 Group plc has applied to the London Stock Exchange for the admission of 36,389 new ordinary shares to AIM in connection with the vesting of long-term incentives at its subsidiary M Booth Health LLC. The new shares will rank pari passu with...
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 ...
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.