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Northern Bear
(LSE:NTBR)
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Rating:75Outperform
Price Target:
136.00 p
▲(15.74% Upside)
Action:Reiterated
Date:07/17/26
The score is driven primarily by improving profitability and a strong, low-leverage balance sheet, complemented by very attractive valuation (low P/E and a dividend). The main constraints are mixed technical signals (below the 200-day and slightly negative MACD) and some financial consistency concerns from 2026 revenue decline and volatile cash flow.
Positive Factors
Profitability turnaround
The shift from losses to sustained profitability indicates that Northern Bear’s operating businesses have improved their earnings capacity. Continued positive EBIT provides a stronger base for reinvestment, debt management, and shareholder returns, while demonstrating better resilience than the earlier loss-making period.
Negative Factors
Revenue growth volatility
The latest revenue contraction shows that demand and contract volumes are not progressing consistently, even after strong prior growth. If this pattern persists, slower scale expansion could limit operating leverage and make future profit growth more dependent on execution and margin performance.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability turnaround
The shift from losses to sustained profitability indicates that Northern Bear’s operating businesses have improved their earnings capacity. Continued positive EBIT provides a stronger base for reinvestment, debt management, and shareholder returns, while demonstrating better resilience than the earlier loss-making period.
Read all positive factors
Northern Bear (NTBR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£16.09M
Dividend Yield2.14%
Average Volume (3M)44.85K
Price to Earnings (P/E)4.0
Beta (1Y)0.68
Revenue Growth10.23%
EPS Growth80.01%
CountryUK
Employees421
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.30
Shares Outstanding13,750,276
10 Day Avg. Volume48,675
30 Day Avg. Volume44,855
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.55
Price to Sales (P/S)0.17
P/FCF Ratio3.42
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)0.21
Revenue Forecast (FY)£90.00M
Northern Bear Business Overview & Revenue Model
Company Description
Northern Bear PLC, established in 2006 and based in Newcastle upon Tyne, United Kingdom, offers a diverse portfolio of building and associated services across Northern England. The company serves a wide clientele, including local government bodies...
How the Company Makes Money
Northern Bear makes money primarily by generating revenue through its operating subsidiaries, which earn income from contracted building services projects. The group’s key revenue streams come from (1) project-based contract work such as installat...
Northern Bear Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
82
Very Positive
Cash Flow
69
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 86.10M | 78.11M | 68.68M | 69.72M | 61.10M |
| Gross Profit | 21.95M | 19.22M | 15.87M | 13.93M | 12.44M |
| EBITDA | 5.12M | 4.98M | 3.85M | 3.33M | 335.00K |
| Net Income | 4.15M | 2.31M | 1.62M | 1.59M | -1.33M |
Balance Sheet | |||||
| Total Assets | 44.65M | 42.56M | 39.35M | 40.11M | 39.03M |
| Cash, Cash Equivalents and Short-Term Investments | 6.16M | 3.97M | 978.00K | 3.15M | 3.23M |
| Total Debt | 2.48M | 3.23M | 5.18M | 2.24M | 3.25M |
| Total Liabilities | 18.63M | 20.25M | 19.09M | 17.55M | 18.06M |
| Stockholders Equity | 26.02M | 22.31M | 20.26M | 22.57M | 20.98M |
Cash Flow | |||||
| Free Cash Flow | 4.18M | 5.50M | -1.32M | 1.12M | 248.00K |
| Operating Cash Flow | 6.19M | 7.43M | 683.00K | 2.59M | 2.00M |
| Investing Cash Flow | -1.12M | -1.41M | -1.18M | -946.00K | -1.21M |
| Financing Cash Flow | -2.88M | -3.03M | -1.67M | -1.72M | 333.00K |
Northern Bear Technical Analysis
Positive
117.50
Price Trends
111.60
Positive
106.50
Positive
112.08
Positive
Market Momentum
0.49
Positive
59.21
Neutral
31.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:NTBR, the sentiment is Positive. The current price of 117.5 is below the 20-day moving average (MA) of 119.80, above the 50-day MA of 111.60, and above the 200-day MA of 112.08, indicating a bullish trend. The MACD of 0.49 indicates Positive momentum. The RSI at 59.21 is Neutral, neither overbought nor oversold. The STOCH value of 31.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:NTBR.
Northern Bear Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £16.09M | 3.97 | 16.33% | 2.14% | 10.23% | 80.01% | |
68 Neutral | £122.70M | 22.32 | 5.51% | 5.28% | 10.68% | -25.87% | |
65 Neutral | £83.17M | 11.44 | 18.04% | 4.72% | -3.47% | -21.11% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | £6.21M | 30.63 | 1.60% | 5.33% | 0.39% | -77.03% | |
55 Neutral | £8.72M | -242.19 | -0.34% | 0.48% | 15.82% | 98.85% | |
42 Neutral | £7.58M | -13.57 | -22.11% | 4.11% | -5.30% | ― |
* Industrials Sector Average
GB:NTBR
Northern Bear
120.50
33.71
38.84%
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Northern Bear Corporate Events
Stock BuybackDividendsFinancial DisclosuresShareholder Meetings
Northern Bear Wins Full Shareholder Backing at AGM for Dividends and Capital Flexibility
Positive
Sep 10, 2026
Northern Bear plc reported that shareholders at its Annual General Meeting on 10 September 2026 approved all 11 resolutions put to the vote, including the adoption of the financial statements for the year ended 31 March 2026 and the re-election of...
Financial DisclosuresShareholder Meetings
Northern Bear Posts 2026 Annual Report and Sets Date for In‑Person AGM
Neutral
Aug 7, 2026
Northern Bear Plc has posted its Annual Report and Financial Statements for the year ended 31 March 2026, together with the notice of its Annual General Meeting, to shareholders, completing a key step in its yearly governance and disclosure cycle....
Business Operations and StrategyDividendsFinancial Disclosures
Northern Bear posts strong FY26 results and boosts shareholder returns
Positive
Jul 16, 2026
Northern Bear reported a strong unaudited performance for the year to 31 March 2026, with revenue rising 10.2% to £86.1m and gross profit up 14.6% to £22.0m, lifting gross margin to 25.5%. Operating profit increased to £5.1m, adjust...
Business Operations and StrategyFinancial Disclosures
Northern Bear sets dates for 2026 results and investor presentation
Positive
Jul 14, 2026
Northern Bear will publish its audited results for the year ended 31 March 2026 at 07:00 BST on 16 July 2026. The timetable signals continued transparency around financial performance for investors in the specialist building services group.The com...
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.