Norman Broadbent Valuation

Q: What is the Fair Price of NBB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

NBB (£0.06) is trading below our estimate of [[fair value]] (£0.3)

Is NBB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NBB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NBB (£0.06) is trading below our estimate of fair value (£0.3)

Significantly Below Fair Value: NBB is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NBB?

Key metric: As NBB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NBB. This is calculated by dividing NBB's market cap by their current earnings.
What is NBB's PE Ratio?
PE Ratio	15.4x
Earnings	UK£228.00k
Market Cap	UK£3.51m

NBB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.4x
Enterprise Value/EBITDA	13.5x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does NBB's PE Ratio compare to its peers?

The above table shows the PE ratio for NBB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	22.5x
RTC RTC Group	7.2x	n/a	UK£14.3m
GATC Gattaca	35.1x	n/a	UK£27.0m
AQSG Aquila Services Group	7.6x	n/a	UK£2.6m
RWA Robert Walters	40x	71.0%	UK£228.0m
NBB Norman Broadbent	15.4x	n/a	UK£3.5m

Price-To-Earnings vs Peers: NBB is good value based on its Price-To-Earnings Ratio (15.4x) compared to the peer average (22.5x).

Price to Earnings Ratio vs Industry

How does NBB's PE Ratio compare vs other companies in the GB Professional Services Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap
IBPO iEnergizer	1.7x	n/a	US$140.06m
TEK Tekcapital	1.5x	n/a	US$20.36m

No more companies available in this PE range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: NBB is good value based on its Price-To-Earnings Ratio (15.4x) compared to the UK Professional Services industry average (23.1x).

Price to Earnings Ratio vs Fair Ratio

What is NBB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NBB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	15.4x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NBB's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.