Loading...
NFG logo

Next 15 Group plcAIM:NFG Stock Report

Market Cap UK£287.9m
Share Price
UK£2.88
UK£5.1
43.6% undervalued intrinsic discount
1Y6.3%
7D-0.9%
1D
Portfolio Value
View

Next 15 Group plc

AIM:NFG Stock Report

Market Cap: UK£287.9m

Next 15 Group (NFG) Stock Overview

Engages in the data, technology, and activation businesses in the United Kingdom, the United States, Europe, the Middle East, Africa, and the Asia Pacific. More details

NFG fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance0/6
Financial Health3/6
Dividends3/6

NFG Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

Next 15 Group plc Competitors

Price History & Performance

Summary of share price highs, lows and changes for Next 15 Group
Historical stock prices
Current Share PriceUK£2.88
52 Week HighUK£4.40
52 Week LowUK£2.04
Beta1.21
1 Month Change21.05%
3 Month Change-5.12%
1 Year Change6.28%
3 Year Change-62.02%
5 Year Change-66.41%
Change since IPO2,638.10%

Recent News & Updates

Narrative Update May 26

NFG: Higher Future P/E And Going Concern Risk Will Support Rerating

Analysts have adjusted their price expectations for Next 15 Group, keeping fair value around £4.65 while refining assumptions on discount rate, revenue trends and profit margins. This feeds through to a slightly higher forward P/E of about 15.7x from 15.2x in their updated models.
Narrative Update May 12

NFG: Easing Revenue Decline And Higher P/E Assumptions Will Support Reappraisal

Analysts have trimmed their price target on Next 15 Group by £0.10 to £5.10, citing a reduced expected decline in revenue growth, slightly higher discount rate and profit margin assumptions, and a modest adjustment to the future P/E multiple. Valuation Changes Fair Value: £5.10 is unchanged, so the central valuation anchor for the stock remains the same.

Recent updates

Narrative Update May 26

NFG: Higher Future P/E And Going Concern Risk Will Support Rerating

Analysts have adjusted their price expectations for Next 15 Group, keeping fair value around £4.65 while refining assumptions on discount rate, revenue trends and profit margins. This feeds through to a slightly higher forward P/E of about 15.7x from 15.2x in their updated models.
Narrative Update May 12

NFG: Easing Revenue Decline And Higher P/E Assumptions Will Support Reappraisal

Analysts have trimmed their price target on Next 15 Group by £0.10 to £5.10, citing a reduced expected decline in revenue growth, slightly higher discount rate and profit margin assumptions, and a modest adjustment to the future P/E multiple. Valuation Changes Fair Value: £5.10 is unchanged, so the central valuation anchor for the stock remains the same.
Narrative Update Apr 22

NFG: Analyst Day Outlook And Margin Assumptions Will Support Fair Value Reappraisal

Analysts have slightly reduced their average price target for Next 15 Group to reflect modestly softer revenue expectations, while marginally improved margin and P/E assumptions partly offset this impact, resulting in a small decrease in the implied fair value per share in £ terms. What's in the News Next 15 Group held an Analyst/Investor Day, giving the market a new opportunity to hear directly from management about the business and its outlook for the coming periods (Key Developments).
Narrative Update Apr 07

NFG: Analyst Day Insights Will Support Reappraisal Of Earnings Quality Outlook

Analysts have trimmed their average price target for Next 15 Group by £0.10. This reflects slightly higher assumed discount rates and softer revenue expectations, partly offset by a small uplift in projected profit margins and a marginally lower future P/E multiple.
Narrative Update Mar 24

NFG: Analyst Day Updates Will Support Reappraisal Of Earnings Quality Outlook

Analysts have trimmed their average 12 month price target for Next 15 Group to £5.10, citing updated assumptions around a higher discount rate, a slightly larger forecast revenue decline, modestly stronger profit margins, and a small adjustment to future P/E expectations. What's in the News Next 15 Group held an Analyst/Investor Day, giving the market an opportunity to hear directly from management about the business and the outlook assumptions that may feed into valuation models (Key Developments).
Narrative Update Mar 10

NFG: Higher Future P/E Assumptions Will Support Further Rerating

Analysts have adjusted their price target on Next 15 Group from £4.35 to £4.65, citing updated assumptions for the discount rate, revenue trends, profit margins, and a higher future P/E multiple. What's in the News Next 15 Group held an Analyst/Investor Day, giving the market a dedicated forum to hear management's latest views on the business and outlook (Key Developments).
Narrative Update Feb 23

NFG: Analyst Day Will Support Reappraisal Of Earnings Quality Outlook

Analysts have nudged their price target for Next 15 Group up to £15.68 from £14.14, citing updated assumptions around a slightly lower discount rate, more conservative profit margins and revenue trends, and a higher future P/E multiple. What's in the News Next 15 Group held an Analyst/Investor Day, giving the market a dedicated forum to hear management's latest views, assumptions, and priorities for the business (Key Developments).
Narrative Update Feb 09

NFG: Analyst Day Insights Will Support Earnings Quality Reappraisal

Analysts have reduced their price target for Next 15 Group to £5.10 from £5.80, reflecting a lower fair value estimate based on updated assumptions for revenue, profit margins and a slightly higher future P/E multiple. What's in the News Next 15 Group held an Analyst/Investor Day, giving the market a fresh look at management's priorities and medium term focus areas (Key Developments).
Narrative Update Jan 25

NFG: Higher Margin Outlook And Lower P/E Will Support Future Rerating

Analysts have maintained their price target for Next 15 Group at £4.35, citing updated assumptions around a slightly higher discount rate, a small change in expected revenue contraction, firmer profit margin expectations at 12.13%, and a modestly lower future P/E of 11.01x. Valuation Changes Fair Value: Price target held steady at £4.35, with no change in the central valuation outcome.
Narrative Update Jan 11

NFG: Higher Profit Margin Assumptions May Support Future Bullish Rerating

Analysts have lowered their price targets on Next 15 Group slightly, reflecting marginally softer revenue expectations, a modestly higher discount rate, and only a minor adjustment to the forward P/E used in their models, while still maintaining a broadly similar view of fair value in £ terms. Valuation Changes Fair Value: Analyst fair value estimate remains unchanged at £4.35, indicating no material shift in their central valuation outcome.
Narrative Update Dec 15

NFG: Higher Future Earnings Multiple May Drive Bullish Rerating Ahead

Analysts have modestly raised their price target on Next 15 Group, lifting fair value by about £1.06 per share as they factor in a slightly lower discount rate and higher future earnings multiple despite marginally weaker projected growth and margins. Valuation Changes Fair Value: increased from £3.29 to £4.35 per share, reflecting a modest upward revision in intrinsic value estimates.
Analysis Article Nov 24

What You Can Learn From Next 15 Group plc's (LON:NFG) P/E After Its 26% Share Price Crash

Next 15 Group plc ( LON:NFG ) shares have retraced a considerable 26% in the last month, reversing a fair amount of...
Analysis Article Nov 10

Is Next 15 Group (LON:NFG) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Oct 03

After Leaping 29% Next 15 Group plc (LON:NFG) Shares Are Not Flying Under The Radar

The Next 15 Group plc ( LON:NFG ) share price has done very well over the last month, posting an excellent gain of 29...
Analysis Article Jul 27

Next 15 Group plc (LON:NFG) Held Back By Insufficient Growth Even After Shares Climb 26%

Next 15 Group plc ( LON:NFG ) shareholders would be excited to see that the share price has had a great month, posting...
Analysis Article Jul 25

Here's Why Next 15 Group (LON:NFG) Can Manage Its Debt Responsibly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article May 16

Next 15 Group plc (LON:NFG) Shares Fly 25% But Investors Aren't Buying For Growth

Next 15 Group plc ( LON:NFG ) shareholders are no doubt pleased to see that the share price has bounced 25% in the last...
Analysis Article Apr 22

There May Be Some Bright Spots In Next 15 Group's (LON:NFG) Earnings

Next 15 Group plc's ( LON:NFG ) earnings announcement last week didn't impress shareholders. Despite the soft profit...
User avatar
New Narrative Feb 13

Expansion Into US And AI Integration May Improve Operations, But Net Debt And Tech Challenges Could Affect Profitability

Strategic AI integration and restructuring efforts are set to enhance margins and generate cost savings, boosting profitability.
Analysis Article Sep 07

Should You Think About Buying Next 15 Group plc (LON:NFG) Now?

While Next 15 Group plc ( LON:NFG ) might not have the largest market cap around , it saw significant share price...
Analysis Article Sep 07

With A 47% Price Drop For Next 15 Group plc (LON:NFG) You'll Still Get What You Pay For

The Next 15 Group plc ( LON:NFG ) share price has fared very poorly over the last month, falling by a substantial 47...
Analysis Article Jul 12

Here's Why We Think Next 15 Group (LON:NFG) Is Well Worth Watching

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article Jun 19

Next 15 Group (LON:NFG) Is Increasing Its Dividend To £0.106

Next 15 Group plc ( LON:NFG ) will increase its dividend on the 9th of August to £0.106, which is 5.0% higher than last...
Analysis Article Jun 12

Is Next 15 Group (LON:NFG) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article May 25

Next 15 Group plc's (LON:NFG) Business Is Trailing The Industry But Its Shares Aren't

With a median price-to-sales (or "P/S") ratio of close to 1.4x in the Media industry in the United Kingdom, you could...
Analysis Article May 03

Next 15 Group's (LON:NFG) Upcoming Dividend Will Be Larger Than Last Year's

The board of Next 15 Group plc ( LON:NFG ) has announced that it will be increasing its dividend by 5.0% on the 9th of...
Analysis Article Apr 25

Next 15 Group's (LON:NFG) Earnings Are Weaker Than They Seem

Investors were disappointed with Next 15 Group plc's ( LON:NFG ) earnings, despite the strong profit numbers. We think...
Analysis Article Apr 19

Next 15 Group's (LON:NFG) Shareholders Will Receive A Bigger Dividend Than Last Year

Next 15 Group plc ( LON:NFG ) will increase its dividend on the 9th of August to £0.106, which is 5.0% higher than last...
Analysis Article Jan 25

Is Now An Opportune Moment To Examine Next 15 Group plc (LON:NFG)?

Next 15 Group plc ( LON:NFG ), might not be a large cap stock, but it received a lot of attention from a substantial...
Analysis Article Nov 21

Next 15 Group (LON:NFG) Seems To Use Debt Quite Sensibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Jun 07

Next 15 Group (LON:NFG) Seems To Use Debt Rather Sparingly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Mar 01

Are Investors Undervaluing Next Fifteen Communications Group plc (LON:NFC) By 34%?

Key Insights The projected fair value for Next Fifteen Communications Group is UK£15.81 based on 2 Stage Free Cash Flow...
Analysis Article Jan 13

Should You Investigate Next Fifteen Communications Group plc (LON:NFC) At UK£10.82?

Next Fifteen Communications Group plc ( LON:NFC ), is not the largest company out there, but it saw a significant share...
Analysis Article Dec 08

Next Fifteen Communications Group (LON:NFC) Has A Rock Solid Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Oct 23

Next Fifteen Communications Group's (LON:NFC) Dividend Will Be Increased To £0.045

Next Fifteen Communications Group plc ( LON:NFC ) will increase its dividend from last year's comparable payment on the...
Analysis Article Sep 29

Next Fifteen Communications Group (LON:NFC) Is Paying Out A Larger Dividend Than Last Year

Next Fifteen Communications Group plc's ( LON:NFC ) dividend will be increasing from last year's payment of the same...
Analysis Article Jul 21

Next Fifteen Communications Group (LON:NFC) Could Easily Take On More Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article May 22

Next Fifteen Communications Group's (LON:NFC) Shareholders Will Receive A Bigger Dividend Than Last Year

Next Fifteen Communications Group plc's ( LON:NFC ) dividend will be increasing to UK£0.084 on 12th of August. Despite...

Shareholder Returns

NFGGB MediaGB Market
7D-0.9%0.8%0.9%
1Y6.3%-11.8%19.8%

Return vs Industry: NFG exceeded the UK Media industry which returned -11.8% over the past year.

Return vs Market: NFG underperformed the UK Market which returned 19.8% over the past year.

Price Volatility

Is NFG's price volatile compared to industry and market?
NFG volatility
NFG Average Weekly Movement5.8%
Media Industry Average Movement6.2%
Market Average Movement5.8%
10% most volatile stocks in GB Market12.0%
10% least volatile stocks in GB Market3.1%

Stable Share Price: NFG has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: NFG's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19813,350Sam Knightswww.next15.com

Next 15 Group plc, together with its subsidiaries, engages in the data, technology, and activation businesses in the United Kingdom, the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates through five segments: Retail Media; Data and Research; Digital Transformation; Marketing and Communications; and Creative Services. The company is involved in growth consultancy; market research; data analytics; advertising; lead generation; shopper marketing; management consultancy; venture building; data and insights; customer engagement; digital marketing; and communications and business transformation.

Next 15 Group plc Fundamentals Summary

How do Next 15 Group's earnings and revenue compare to its market cap?
NFG fundamental statistics
Market capUK£287.93m
Earnings (TTM)-UK£15.32m
Revenue (TTM)UK£617.28m
0.5x
P/S Ratio
-19.0x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NFG income statement (TTM)
RevenueUK£617.28m
Cost of RevenueUK£492.45m
Gross ProfitUK£124.83m
Other ExpensesUK£140.15m
Earnings-UK£15.32m

Last Reported Earnings

Jan 31, 2026

Next Earnings Date

Sep 22, 2026

Earnings per share (EPS)-0.15
Gross Margin20.22%
Net Profit Margin-2.48%
Debt/Equity Ratio94.0%

How did NFG perform over the long term?

See historical performance and comparison

Dividends

5.3%
Current Dividend Yield
-101%
Payout Ratio

Does NFG pay a reliable dividends?

See NFG dividend history and benchmarks
When do you need to buy NFG by to receive an upcoming dividend?
Next 15 Group dividend dates
Ex Dividend DateJul 02 2026
Dividend Pay DateAug 07 2026
Days until Ex dividend34 days
Days until Dividend pay date70 days

Does NFG pay a reliable dividends?

See NFG dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/28 17:24
End of Day Share Price 2026/05/28 00:00
Earnings2026/01/31
Annual Earnings2026/01/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Next 15 Group plc is covered by 10 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William LarwoodBerenberg
Iain DalyCanaccord Genuity
Caspar James ErskineCGS International