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Norman Broadbent

AIM:NBB
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NBB
AIM
£5M
Market Cap
  1. Home
  2. GB
  3. Commercial Services
Company description

Norman Broadbent Plc, together with its subsidiaries, operates as a human capital consultancy company in the United Kingdom and internationally. The last earnings update was 26 days ago. More info.


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NBB Share Price and Events
7 Day Returns
2.6%
AIM:NBB
0.2%
GB Professional Services
-0%
GB Market
1 Year Returns
-7.1%
AIM:NBB
9.1%
GB Professional Services
-1.7%
GB Market
NBB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Norman Broadbent (NBB) 2.6% 2.6% -11.4% -7.1% -25% -64.5%
GB Professional Services 0.2% -0.2% 8.9% 9.1% 44.5% 95.4%
GB Market -0% 1.4% -0.4% -1.7% 11.3% 6.7%
1 Year Return vs Industry and Market
  • NBB underperformed the Professional Services industry which returned 9.1% over the past year.
  • NBB underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -1.7% over the past year.
Price Volatility
NBB
Industry
5yr Volatility vs Market

Value

 Is Norman Broadbent undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Norman Broadbent to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Norman Broadbent.

AIM:NBB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AIM:NBB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.851 (1 + (1- 19%) (19.95%))
0.992
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.992 * 6.65%)
7.82%

Discounted Cash Flow Calculation for AIM:NBB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Norman Broadbent is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

AIM:NBB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 7.82%)
2020 0.36 Est @ 36.34% 0.33
2021 0.45 Est @ 25.8% 0.39
2022 0.53 Est @ 18.43% 0.43
2023 0.61 Est @ 13.27% 0.45
2024 0.66 Est @ 9.66% 0.46
2025 0.71 Est @ 7.13% 0.45
2026 0.75 Est @ 5.36% 0.44
2027 0.78 Est @ 4.12% 0.43
2028 0.81 Est @ 3.25% 0.41
2029 0.83 Est @ 2.64% 0.39
Present value of next 10 years cash flows £4.17
AIM:NBB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £0.83 × (1 + 1.23%) ÷ (7.82% – 1.23%)
£12.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £12.70 ÷ (1 + 7.82%)10
£5.98
AIM:NBB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £4.17 + £5.98
£10.15
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £10.15 / 53.89
£0.19
AIM:NBB Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.19
Current discount Discount to share price of £0.10
= -1 x (£0.10 - £0.19) / £0.19
48.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Norman Broadbent is available for.
Intrinsic value
48%
Share price is £0.0975 vs Future cash flow value of £0.18842
Current Discount Checks
For Norman Broadbent to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Norman Broadbent's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Norman Broadbent's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Norman Broadbent's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Norman Broadbent's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:NBB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £-0.01
AIM:NBB Share Price ** AIM (2019-07-22) in GBP £0.1
United Kingdom of Great Britain and Northern Ireland Professional Services Industry PE Ratio Median Figure of 32 Publicly-Listed Professional Services Companies 19.54x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 792 Publicly-Listed Companies 16.27x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Norman Broadbent.

AIM:NBB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:NBB Share Price ÷ EPS (both in GBP)

= 0.1 ÷ -0.01

-6.89x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Norman Broadbent is loss making, we can't compare its value to the GB Professional Services industry average.
  • Norman Broadbent is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Norman Broadbent's expected growth come at a high price?
Raw Data
AIM:NBB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Professional Services Industry PEG Ratio Median Figure of 20 Publicly-Listed Professional Services Companies 1.51x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 571 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Norman Broadbent, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Norman Broadbent's assets?
Raw Data
AIM:NBB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £0.02
AIM:NBB Share Price * AIM (2019-07-22) in GBP £0.1
United Kingdom of Great Britain and Northern Ireland Professional Services Industry PB Ratio Median Figure of 44 Publicly-Listed Professional Services Companies 2.42x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,377 Publicly-Listed Companies 1.51x
AIM:NBB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:NBB Share Price ÷ Book Value per Share (both in GBP)

= 0.1 ÷ 0.02

4.03x

* Primary Listing of Norman Broadbent.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Norman Broadbent is overvalued based on assets compared to the GB Professional Services industry average.
X
Value checks
We assess Norman Broadbent's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. Norman Broadbent has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Norman Broadbent expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Norman Broadbent has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.2%
Expected Professional Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Norman Broadbent expected to grow at an attractive rate?
  • Unable to compare Norman Broadbent's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Norman Broadbent's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare Norman Broadbent's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AIM:NBB Future Growth Rates Data Sources
Data Point Source Value (per year)
United Kingdom of Great Britain and Northern Ireland Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 10.2%
United Kingdom of Great Britain and Northern Ireland Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AIM:NBB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:NBB Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 9 0 -1
2018-09-30 9 0 -1
2018-06-30 8 -1 -1
2018-03-31 7 -2 -1
2017-12-31 7 -2 -2
2017-09-30 6 -2 -2
2017-06-30 6 -2 -2
2017-03-31 6 -1 -2
2016-12-31 6 -1 -2
2016-09-30 6 0 -1
2016-06-30 7 0 0
2016-03-31 8 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Norman Broadbent is high growth as no earnings estimate data is available.
  • Unable to determine if Norman Broadbent is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:NBB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Norman Broadbent Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:NBB Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 -0.01
2018-09-30 -0.02
2018-06-30 -0.02
2018-03-31 -0.03
2017-12-31 -0.04
2017-09-30 -0.05
2017-06-30 -0.06
2017-03-31 -0.06
2016-12-31 -0.07
2016-09-30 -0.05
2016-06-30 -0.02
2016-03-31 -0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Norman Broadbent will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of NBB’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Norman Broadbent's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. Norman Broadbent's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Norman Broadbent's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Norman Broadbent has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Norman Broadbent performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Norman Broadbent's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Norman Broadbent does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Norman Broadbent's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Norman Broadbent's 1-year growth to the GB Professional Services industry average as it is not currently profitable.
Earnings and Revenue History
Norman Broadbent's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Norman Broadbent Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:NBB Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 9.41 -0.76 7.31
2018-09-30 8.66 -0.97 7.08
2018-06-30 7.90 -1.19 6.86
2018-03-31 7.21 -1.36 6.73
2017-12-31 6.52 -1.54 6.60
2017-09-30 6.06 -1.84 6.50
2017-06-30 5.59 -2.14 6.41
2017-03-31 5.62 -1.86 6.28
2016-12-31 5.66 -1.58 6.15
2016-09-30 6.21 -0.96 6.02
2016-06-30 6.76 -0.35 5.90
2016-03-31 7.52 -0.32 6.26
2015-12-31 8.27 -0.30 6.63
2015-09-30 8.41 -0.40 7.06
2015-06-30 8.55 -0.50 7.50
2015-03-31 7.97 -0.87 7.60
2014-12-31 7.40 -1.24 7.71
2014-09-30 7.84 -1.45 8.39
2014-06-30 6.89 -1.55 8.02
2014-03-31 6.86 -1.31 7.98
2013-12-31 6.82 -1.07 7.94
2013-09-30 7.23 -0.78 7.76
2013-06-30 7.27 -0.48 7.34
2013-03-31 7.45 -0.30 7.23
2012-12-31 7.63 -0.13 7.12
2012-09-30 7.53 -0.34 7.13

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Norman Broadbent has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Norman Broadbent has efficiently used its assets last year compared to the GB Professional Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Norman Broadbent improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Norman Broadbent's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Norman Broadbent has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Norman Broadbent's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Norman Broadbent's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Norman Broadbent's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Norman Broadbent has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Norman Broadbent's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Norman Broadbent Company Filings, last reported 6 months ago.

AIM:NBB Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1.27 1.05 0.68
2018-09-30 1.27 1.05 0.68
2018-06-30 1.74 1.17 0.26
2018-03-31 1.74 1.17 0.26
2017-12-31 1.99 1.15 0.68
2017-09-30 1.99 1.15 0.68
2017-06-30 1.77 0.83 0.30
2017-03-31 1.77 0.83 0.30
2016-12-31 2.43 0.44 0.96
2016-09-30 2.43 0.44 0.96
2016-06-30 1.10 1.00 0.26
2016-03-31 1.10 1.00 0.26
2015-12-31 1.21 1.27 0.45
2015-09-30 1.21 1.27 0.45
2015-06-30 1.56 1.04 0.37
2015-03-31 1.56 1.04 0.37
2014-12-31 1.69 0.67 0.51
2014-09-30 1.69 0.67 0.51
2014-06-30 1.73 0.99 0.24
2014-03-31 1.73 0.99 0.24
2013-12-31 2.80 0.80 0.58
2013-09-30 2.80 0.80 0.58
2013-06-30 3.01 0.75 0.60
2013-03-31 3.01 0.75 0.60
2012-12-31 3.22 0.97 1.01
2012-09-30 3.22 0.97 1.01
  • Norman Broadbent's level of debt (82.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (28.8% vs 82.6% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Norman Broadbent has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Norman Broadbent has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 20.8% per year.
X
Financial health checks
We assess Norman Broadbent's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Norman Broadbent has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Norman Broadbent's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Norman Broadbent dividends.
If you bought £2,000 of Norman Broadbent shares you are expected to receive £0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Norman Broadbent's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Norman Broadbent's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AIM:NBB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.1%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Norman Broadbent has not reported any payouts.
  • Unable to verify if Norman Broadbent's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Norman Broadbent's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Norman Broadbent has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Norman Broadbent's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Norman Broadbent afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Norman Broadbent has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Norman Broadbent's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Brennan
COMPENSATION £212,000
AGE 53
TENURE AS CEO 3.3 years
CEO Bio

Mr. Michael John Brennan, also known as Mike, has been Group Chief Executive Officer at Norman Broadbent Plc since April 2016. Mr. Brennan has the responsibility of leading the next stage of Norman Broadbent's strategic plan. Mr. Brennan is a highly experienced international executive search professional and has over 20 years' experience within the global executive recruitment market and more recently in the broader Recruitment Process Outsourcing (RPO) markets. Most recently, he worked at Alexander Mann Solutions Limited (AMS), gaining valuable RPO experience across a number of sectors and geographies. He re-joined Alexander Mann Solutions Limited in 2013. Mr. Brennan founded Correlate UK Search, Ltd. in 1994 and served as its Director of Operations since November 2007 and also served as its Managing Director. In 2006, he led the sale of Correlate UK Search to Hat Pin plc on behalf of Advent International Corporation and AMG. Mr. Brennan served as Director of Operations at Hat Pin plc since January 1, 2008. Mr. Brennan served as Global Head of Financial Markets at Alexander Mann Group Limited. He served as the Chief Executive Officer of Human Capital Resources PLC until February 2012, which he co-founded. He served as the Chief Executive Officer of Correlate UK Search, Ltd. until January 1, 2008. He spent the early part of his career as a Financial Markets broker in London. Mr. Brennan helped Correlate UK Search, Ltd. achieve its No1 ranking for the third year running in the derivatives and structured products category. In 1989, he entered the recruitment sector and prior to joining Alexander Mann worked with international recruitment consultancy, Michael Page Group and the London based executive search practice, Stephens International. He served as Executive Search consultant of Stephens International since 1992. He joined Alexander Mann and served as its Partner since 1994 to establish its presence in the banking markets. He served as Managing Director of Alexander Mann, he grew the business to a point where it contributed around one third of Alexander Mann's profits. In 1997, he was instrumental in integrating AMG's new partners in Alexander Mann Finance into its overall banking offering. In May 2000, he was tasked by AMG's Main Board to has together all AMG's On-Line Recruitment and New Media activities thus providing an additional integrated service offering to clients. He has been Executive Director at Norman Broadbent Plc since April 2016. He serves as Director of Akamai Financial Markets (Dubai) Limited, Akamai Financial Markets (Hong Kong) Limited, Akamai Financial Markets (Japan) Limited, Akamai Financial Markets (Singapore) Limited and Akamai Financial Markets (UK) Limited. He served as a Director of Human Capital Resources PLC since March 2010 until February 2012. Mr. Brennan served as a Director of Correlate UK Search, Ltd. until February 2008. He served as a Director at Berkeley Frost Limited and CHC Global Search Limited. He served as a Director of Hat Pin plc during the month of January 2008. He was voted No1 Individual Head-hunter in derivatives and structured products, Asia, as well as being highly rated within fixed income, debt and treasury. In addition, he was ranked as one of the top 5 Best Individual Head-hunters in Asia across all markets. Mr. Brennan is a graduate of Liverpool University, where he studied Political Theory and Institutions.

CEO Compensation
  • Mike's compensation has increased whilst company is loss making.
  • Mike's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Norman Broadbent management team in years:

3.2
Average Tenure
53
Average Age
  • The tenure for the Norman Broadbent management team is about average.
Management Team

Mike Brennan

TITLE
Group CEO & Executive Director
COMPENSATION
£212K
AGE
53
TENURE
3.3 yrs

Will Gerrand

TITLE
CFO, COO & Director
COMPENSATION
£141K
AGE
48
TENURE
1.8 yrs

Gary Browning

TITLE
Consultant and Strategic Advisor to the Board & CEO
AGE
58
TENURE
1.9 yrs

Mark Soden

TITLE
Managing Director of Technology
TENURE
3.8 yrs

Krystyna Nowak

TITLE
Managing Director of Board Practice

Minesh Ghelani

TITLE
Managing Director of NB Solutions
TENURE
3.2 yrs

Angela Hickmore

TITLE
Managing Director
TENURE
3.5 yrs

Renu Vijh

TITLE
Managing Director of Life Sciences
TENURE
4.3 yrs

Jacqui Pinnell

TITLE
Group Head of Research & Insight
TENURE
2.8 yrs

Tim Hammett

TITLE
Head of Executive Search & Managing Partner
TENURE
2.4 yrs
Board of Directors Tenure

Average tenure and age of the Norman Broadbent board of directors in years:

1.8
Average Tenure
53
Average Age
  • The average tenure for the Norman Broadbent board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mike Brennan

TITLE
Group CEO & Executive Director
COMPENSATION
£212K
AGE
53
TENURE
3.3 yrs

Will Gerrand

TITLE
CFO, COO & Director
COMPENSATION
£141K
AGE
48
TENURE
1.8 yrs

Brian Stephens

TITLE
Senior Non-Executive Director
COMPENSATION
£20K
AGE
64

Fiona McAnena

TITLE
Non-Executive Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
X
Management checks
We assess Norman Broadbent's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Norman Broadbent has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Percentage Of Norman Broadbent Plc (LON:NBB) Shares Do Insiders Own?

As Charlie Munger said 'Show me the incentive and I will show you the outcome.' Norman Broadbent is not a large company by global standards. … View our latest analysis for Norman Broadbent AIM:NBB Ownership Summary, July 11th 2019 What Does The Institutional Ownership Tell Us About Norman Broadbent? … Insider Ownership Of Norman Broadbent The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

How Financially Strong Is Norman Broadbent Plc (LON:NBB)?

Norman Broadbent Plc (LON:NBB) is a small-cap stock with a market capitalization of UK£5.8m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

Does Norman Broadbent Plc's (LON:NBB) CEO Salary Reflect Performance?

Mike Brennan became the CEO of Norman Broadbent Plc (LON:NBB) in 2016. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Mike Brennan's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Is Norman Broadbent Plc's (LON:NBB) Balance Sheet A Threat To Its Future?

Norman Broadbent Plc (LON:NBB) is a small-cap stock with a market capitalization of UK£6.5m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

How Much Did Norman Broadbent Plc's (LON:NBB) CEO Pocket Last Year?

Mike Brennan became the CEO of Norman Broadbent Plc (LON:NBB) in 2016. … How Does Mike Brennan's Compensation Compare With Similar Sized Companies. … Our data indicates that Norman Broadbent Plc is worth UK£7m, and total annual CEO compensation is UK£210k.

Simply Wall St -

Is Norman Broadbent Plc's (LON:NBB) Balance Sheet Strong Enough To Weather A Storm?

Investors are always looking for growth in small-cap stocks like Norman Broadbent Plc (LON:NBB), with a market cap of UK£5.7m. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St -

Before You Buy Norman Broadbent Plc's (LON:NBB), Consider This

If you are a shareholder in Norman Broadbent Plc’s (LON:NBB), or are thinking about investing in the company, knowing how it contributes to the risk and reward profile of your portfolio is important. … Generally, an investor should consider two types of risk that impact the market value of NBB. … The second risk is market-wide, which arises from investing in the stock market.

Simply Wall St -

What's The Cash Runway For Norman Broadbent Plc (LON:NBB)?

Today I’ve examined Norman Broadbent’s financial data from its most recent earnings update, to roughly assess when the company may need to raise new capital. … How fast Norman Broadbent runs down its cash supply over time is known as the cash burn rate. … AIM:NBB Income Statement Jun 7th 18 When will Norman Broadbent need to raise more cash?

Simply Wall St -

How Did Norman Broadbent Plc's (LON:NBB) Earnings Growth Stack Up Against The Industry?

Examining Norman Broadbent Plc's (AIM:NBB) past track record of performance is a useful exercise for investors. … Each year, for the past five years Norman Broadbent's revenue growth has been somewhat subdued, with an annual growth rate of -1.69%, on average. … Norman Broadbent's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story.

Simply Wall St -

Are Norman Broadbent Plc's (LON:NBB) Interest Costs Too High?

How does NBB’s operating cash flow stack up against its debt? … Moving onto cash from operations, its operating cash flow is not yet significant enough to calculate a meaningful cash-to-debt ratio, indicating that operational efficiency is something we’d need to take a look at. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: NBB’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

Company Info

Description

Norman Broadbent Plc, together with its subsidiaries, operates as a human capital consultancy company in the United Kingdom and internationally. The company provides talent acquisition and advisory services, including board and executive search, senior interim management, leadership consulting and assessment, and mezzanine level search. It also offers research and insight services comprising market intelligence, perception analysis, talent mapping and understanding the talent landscape, competitor intelligence, new market entry analysis, and benchmarking. The company serves customers in industrials, financial services, technology, life science, retail, and consumer sectors. Norman Broadbent Plc was incorporated in 1936 and is based in London, the United Kingdom.

Details
Name: Norman Broadbent Plc
NBB
Exchange: AIM
Founded: 1936
£5,253,843
53,885,570
Website: http://www.normanbroadbent.com
Address: Norman Broadbent Plc
Portland House,
Bressenden Place,
London,
Greater London, SW1E 5BH,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM NBB Ordinary Shares London Stock Exchange AIM Market GB GBP 22. Mar 1994
Number of employees
Current staff
Staff numbers
55
Norman Broadbent employees.
Industry
Human Resource and Employment Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/24 00:18
End of day share price update: 2019/07/22 00:00
Last earnings filing: 2019/06/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.