Next 15 Group plc

AIM:NFG Stock Report

Market Cap: UK£374.0m

Next 15 Group Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • 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 NFG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NFG (£3.76) is trading below our estimate of fair value (£14.28)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for NFG. This is calculated by dividing NFG's market cap by their current earnings.
What is NFG's PE Ratio?
PE Ratio6.2x
EarningsUK£60.78m
Market CapUK£373.95m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NFG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average38.7x
TIG Team Internet Group
11.4x1.1%UK£211.7m
SFOR S4 Capital
97.6x69.8%UK£204.9m
SAA M&C Saatchi
21.4x27.4%UK£234.7m
EYE Eagle Eye Solutions Group
24.3x-12.0%UK£139.2m
NFG Next 15 Group
6.2x-8.0%UK£374.0m

Price-To-Earnings vs Peers: NFG is good value based on its Price-To-Earnings Ratio (6.2x) compared to the peer average (38.7x).

Price to Earnings Ratio vs Industry

How does NFG's PE Ratio compare vs other companies in the GB Media Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
NFG 6.2xIndustry Avg. 12.5xNo. of Companies6PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NFG is good value based on its Price-To-Earnings Ratio (6.2x) compared to the European Media industry average (12.5x).

Price to Earnings Ratio vs Fair Ratio

What is NFG'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.

NFG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.2x
Fair PE Ratio14.8x

Price-To-Earnings vs Fair Ratio: NFG is good value based on its Price-To-Earnings Ratio (6.2x) compared to the estimated Fair Price-To-Earnings Ratio (14.8x).

Analyst Price Targets

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

The above table shows the analyst NFG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£3.76
UK£7.73
+105.7%
12.1%UK£8.90UK£6.30n/a6
Nov ’25UK£3.94
UK£7.73
+96.3%
12.1%UK£8.90UK£6.30n/a6
Oct ’25UK£4.54
UK£7.73
+70.3%
12.1%UK£8.90UK£6.30n/a6
Sep ’25UK£8.50
UK£11.72
+37.9%
11.7%UK£14.50UK£10.00n/a6
Aug ’25UK£8.50
UK£11.72
+37.9%
11.7%UK£14.50UK£10.00n/a6
Jul ’25UK£7.85
UK£11.92
+51.8%
11.9%UK£14.50UK£10.00n/a6
Jun ’25UK£10.26
UK£11.88
+15.8%
11.5%UK£14.50UK£10.00n/a6
May ’25UK£8.97
UK£11.93
+33.0%
11.6%UK£14.50UK£10.00n/a6
Apr ’25UK£9.24
UK£11.75
+27.2%
12.9%UK£14.50UK£9.40n/a6
Mar ’25UK£9.30
UK£11.61
+24.8%
13.3%UK£14.50UK£9.40n/a6
Feb ’25UK£9.17
UK£11.56
+26.0%
14.6%UK£14.50UK£9.40n/a5
Jan ’25UK£8.32
UK£11.56
+38.9%
14.6%UK£14.50UK£9.40n/a5
Dec ’24UK£7.66
UK£11.73
+53.1%
15.8%UK£14.50UK£9.40n/a4
Nov ’24UK£6.51
UK£12.50
+92.0%
11.8%UK£14.50UK£11.00UK£3.943
Oct ’24UK£6.41
UK£12.50
+95.0%
11.8%UK£14.50UK£11.00UK£4.543
Sep ’24UK£6.32
UK£13.80
+118.4%
6.7%UK£14.50UK£12.50UK£8.503
Aug ’24UK£6.16
UK£13.80
+124.0%
6.7%UK£14.50UK£12.50UK£8.503
Jul ’24UK£6.79
UK£13.80
+103.2%
6.7%UK£14.50UK£12.50UK£7.853
Jun ’24UK£7.57
UK£13.80
+82.3%
6.7%UK£14.50UK£12.50UK£10.263
May ’24UK£8.42
UK£13.80
+63.9%
6.7%UK£14.50UK£12.50UK£8.973
Apr ’24UK£8.38
UK£14.33
+71.0%
1.2%UK£14.50UK£14.10UK£9.243
Mar ’24UK£10.10
UK£14.33
+41.9%
1.2%UK£14.50UK£14.10UK£9.303
Feb ’24UK£10.36
UK£14.33
+38.4%
1.2%UK£14.50UK£14.10UK£9.173
Jan ’24UK£9.90
UK£14.80
+49.5%
4.9%UK£15.80UK£14.10UK£8.323
Dec ’23UK£10.54
UK£14.80
+40.4%
4.9%UK£15.80UK£14.10UK£7.663
Nov ’23UK£10.00
UK£14.80
+48.0%
4.9%UK£15.80UK£14.10UK£6.513

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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