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Northgate

LSE:NTG
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NTG
LSE
£447M
Market Cap
  1. Home
  2. GB
  3. Transportation
Company description

Northgate plc provides light commercial vehicle hire services in the United Kingdom, Spain, and the Republic of Ireland. The last earnings update was 23 days ago. More info.


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NTG Share Price and Events
7 Day Returns
-6.9%
LSE:NTG
0.7%
GB Transportation
0.3%
GB Market
1 Year Returns
-22.3%
LSE:NTG
-5.6%
GB Transportation
-1.9%
GB Market
NTG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Northgate (NTG) -6.9% 10.2% -8.9% -22.3% -7.4% -34.2%
GB Transportation 0.7% 4.3% 1.1% -5.6% 17.8% -7.9%
GB Market 0.3% 1.9% 0.4% -1.9% 11.4% 6.7%
1 Year Return vs Industry and Market
  • NTG underperformed the Transportation industry which returned -5.6% over the past year.
  • NTG underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -1.9% over the past year.
Price Volatility
NTG
Industry
5yr Volatility vs Market

NTG Value

 Is Northgate 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
  • It is not possible to calculate the future cash flow value for Northgate. This is due to cash flow or dividend data being unavailable. The share price is £3.395.
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 Northgate's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Northgate's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:NTG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-04-30) in GBP £0.39
LSE:NTG Share Price ** LSE (2019-07-18) in GBP £3.4
United Kingdom of Great Britain and Northern Ireland Transportation Industry PE Ratio Median Figure of 9 Publicly-Listed Transportation Companies 10.14x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 791 Publicly-Listed Companies 16.52x

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

** Primary Listing of Northgate.

LSE:NTG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:NTG Share Price ÷ EPS (both in GBP)

= 3.4 ÷ 0.39

8.8x

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

  • Northgate is good value based on earnings compared to the GB Transportation industry average.
  • Northgate is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Northgate's expected growth come at a high price?
Raw Data
LSE:NTG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
4.5%per year
United Kingdom of Great Britain and Northern Ireland Transportation Industry PEG Ratio Median Figure of 8 Publicly-Listed Transportation Companies 1.19x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 572 Publicly-Listed Companies 1.43x

*Line of best fit is calculated by linear regression .

LSE:NTG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.8x ÷ 4.5%

1.97x

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

  • Northgate is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Northgate's assets?
Raw Data
LSE:NTG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-04-30) in GBP £4.23
LSE:NTG Share Price * LSE (2019-07-18) in GBP £3.4
United Kingdom of Great Britain and Northern Ireland Transportation Industry PB Ratio Median Figure of 10 Publicly-Listed Transportation Companies 1.75x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,377 Publicly-Listed Companies 1.51x
LSE:NTG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:NTG Share Price ÷ Book Value per Share (both in GBP)

= 3.4 ÷ 4.23

0.8x

* Primary Listing of Northgate.

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

  • Northgate is good value based on assets compared to the GB Transportation industry average.
X
Value checks
We assess Northgate'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 Transportation 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 Transportation industry average (and greater than 0)? (1 check)
  5. Northgate has a total score of 3/6, 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.

NTG Future Performance

 How is Northgate expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

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
4.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Northgate expected to grow at an attractive rate?
  • Northgate's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Northgate's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Northgate's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:NTG Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:NTG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 4.5%
LSE:NTG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 3.7%
United Kingdom of Great Britain and Northern Ireland Transportation Industry Earnings Growth Rate Market Cap Weighted Average 9%
United Kingdom of Great Britain and Northern Ireland Transportation Industry Revenue Growth Rate Market Cap Weighted Average -7.4%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
LSE:NTG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:NTG Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-04-30 854 61 1
2022-04-30 834 283 60 3
2021-04-30 805 303 56 6
2020-04-30 768 260 54 6
LSE:NTG Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-04-30 745 39 51
2019-01-31 736 12 47
2018-10-31 726 -14 42
2018-07-31 714 -48 43
2018-04-30 702 -82 43
2018-01-31 701 -62 48
2017-10-31 700 -42 52
2017-07-31 684 3 57
2017-04-30 667 48 61
2017-01-31 645 57 61
2016-10-31 622 66 62
2016-07-31 620 70 62

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Northgate's earnings are expected to grow by 4.5% yearly, however this is not considered high growth (20% yearly).
  • Northgate's revenue is expected to grow by 3.7% yearly, however this is not considered high growth (20% yearly).
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
LSE:NTG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Northgate Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:NTG Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-04-30
2022-04-30 0.42 0.45 0.40 2.00
2021-04-30 0.41 0.42 0.39 3.00
2020-04-30 0.39 0.40 0.38 3.00
LSE:NTG Past Financials Data
Date (Data in GBP Millions) EPS *
2019-04-30 0.39
2019-01-31 0.35
2018-10-31 0.32
2018-07-31 0.32
2018-04-30 0.32
2018-01-31 0.36
2017-10-31 0.39
2017-07-31 0.43
2017-04-30 0.46
2017-01-31 0.46
2016-10-31 0.46
2016-07-31 0.46

*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.
  • Northgate is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Northgate'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.
Northgate has a total score of 1/6, 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.

NTG Past Performance

  How has Northgate 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 Northgate's growth in the last year to its industry (Transportation).
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.
  • Northgate's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Northgate's 1-year earnings growth exceeds its 5-year average (18.9% vs -4.1%)
  • Northgate's earnings growth has not exceeded the GB Transportation industry average in the past year (18.9% vs 19.2%).
Earnings and Revenue History
Northgate'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 Northgate Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:NTG Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-04-30 745.47 51.42 76.67
2019-01-31 735.72 46.80 76.07
2018-10-31 725.97 42.19 75.46
2018-07-31 713.82 42.71 72.78
2018-04-30 701.67 43.23 70.10
2018-01-31 701.03 47.80 68.71
2017-10-31 700.39 52.37 67.31
2017-07-31 683.91 56.64 67.85
2017-04-30 667.43 60.90 68.38
2017-01-31 644.64 61.27 68.07
2016-10-31 621.86 61.63 67.76
2016-07-31 620.07 61.56 66.22
2016-04-30 618.29 61.48 64.68
2016-01-31 620.37 62.46 67.12
2015-10-31 622.46 63.45 69.55
2015-07-31 618.36 65.12 70.41
2015-04-30 614.26 66.80 71.27
2015-01-31 600.96 61.53 68.22
2014-10-31 587.65 56.25 65.16
2014-07-31 579.56 48.07 64.61
2014-04-30 571.48 39.88 64.07
2014-01-31 577.80 17.96 62.16
2013-10-31 584.12 -3.97 60.26
2013-07-31 597.00 -5.66 58.66
2013-04-30 609.88 -7.36 57.07
2013-01-31 627.71 15.70 57.10
2012-10-31 645.54 38.76 57.13
2012-07-31 676.12 39.61 58.87

*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.
  • Northgate has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Northgate used its assets more efficiently than the GB Transportation industry average last year based on Return on Assets.
  • Northgate's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Northgate'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 Transportation 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.
Northgate has a total score of 2/6, 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.

NTG Health

 How is Northgate'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 Northgate's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Northgate is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Northgate's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Northgate'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 not covered by short term assets, assets are 0.3x 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 Northgate Company Filings, last reported 2 months ago.

LSE:NTG Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-04-30 563.62 473.59 35.74
2019-01-31 563.62 473.59 35.74
2018-10-31 548.89 528.82 47.86
2018-07-31 548.89 528.82 47.86
2018-04-30 539.13 462.09 21.38
2018-01-31 539.13 462.09 21.38
2017-10-31 530.05 451.00 28.02
2017-07-31 530.05 451.00 28.02
2017-04-30 516.62 353.73 41.17
2017-01-31 516.62 353.73 41.17
2016-10-31 500.32 401.75 42.83
2016-07-31 500.32 401.75 42.83
2016-04-30 471.03 368.28 55.25
2016-01-31 471.03 368.28 55.25
2015-10-31 445.54 341.99 2.99
2015-07-31 445.54 341.99 2.99
2015-04-30 426.36 349.24 9.68
2015-01-31 426.36 349.24 9.68
2014-10-31 405.04 431.27 32.62
2014-07-31 405.04 431.27 32.62
2014-04-30 390.73 365.80 19.06
2014-01-31 390.73 365.80 19.06
2013-10-31 378.69 377.56 7.16
2013-07-31 378.69 377.56 7.16
2013-04-30 366.65 377.69 14.96
2013-01-31 366.65 377.69 14.96
2012-10-31 376.57 419.14 39.30
2012-07-31 376.57 419.14 39.30
  • Northgate's level of debt (84%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (93.8% vs 84% today).
  • Debt is not well covered by operating cash flow (8.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5x coverage).
X
Financial health checks
We assess Northgate'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. Northgate 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.

NTG Dividends

 What is Northgate'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
5.39%
Current annual income from Northgate dividends. Estimated to be 5.83% next year.
If you bought £2,000 of Northgate shares you are expected to receive £108 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?
  • Northgate's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.94%).
  • Northgate's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.46%).
Upcoming dividend payment

Purchase Northgate before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
LSE:NTG 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 6 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Transportation Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 7.5%
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 1.9%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

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

LSE:NTG Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-04-30 0.23 1.00
2022-04-30 0.21 3.00
2021-04-30 0.20 6.00
2020-04-30 0.19 6.00
LSE:NTG Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-06-25 0.183 5.298
2018-08-03 0.177 4.695
2018-06-26 0.177 4.145
2017-12-05 0.177 4.687
2017-07-24 0.173 4.024
2017-06-27 0.173 3.995
2016-07-14 0.160 3.406
2016-06-28 0.160 4.840
2015-06-30 0.145 3.492
2014-07-25 0.100 1.789
2014-06-25 0.100 1.936
2013-12-04 0.092 1.733
2013-06-25 0.073 1.827
2012-12-04 0.026 0.810
2012-07-31 0.030 1.267
2012-06-27 0.030 1.471
2010-07-29 0.000 0.000
2010-06-30 0.000 0.000
2009-12-08 0.000 0.000
2009-07-10 0.000 0.000
2008-12-09 2.800 31.422

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Northgate's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Northgate'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 Northgate afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Northgate has a total score of 3/6, see the detailed checks below.


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

NTG Management

 What is the CEO of Northgate'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
Kevin Bradshaw
COMPENSATION £490,000
AGE 49
TENURE AS CEO 2.5 years
CEO Bio

Mr. Kevin Michael Bradshaw has been the Chief Executive Officer at Northgate plc since January 11, 2017. Mr. Bradshaw served as the Chief Executive Officer of The Garden Centre Group Ltd. He served as the Chief Executive Officer of Wyevale Garden Centres from November 2012 until March 2016. He served as UK Managing Director at Avis Europe Plc for five years and also served as Chief Information Officer for the Group. He was responsible for both Avis and Budget brands in the UK market by a business comprising over 1,500 employees and 210 sites. He has a background covering support services, B2B, vehicle rental and multi-site retail. He was a Partner of Avis Rent A Car Limited and of Zodiac Rent A Car Limited. Over the three years, he has recruited a new senior team and has led Avis UK by a significant turnaround to deliver a step improvement in underlying profits and margins. Prior to Avis, he spent ten years at Reuters plc, culminating as Managing Director of the Enterprise Information Division. Prior to this, he spent six years at The Kalchas Group. He serves as a Member of the Avis Budget EMEA Board. He has been a Director at Northgate plc since January 11, 2017. He served as a Non-Executive Director at Regenersis PLC. Mr. Bradshaw served as a Non Executive Director of Blancco Technology Group plc from January 12, 2012 to April 25, 2013.

CEO Compensation
  • Kevin's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Kevin's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Northgate management team in years:

2.5
Average Tenure
  • The tenure for the Northgate management team is about average.
Management Team

Kevin Bradshaw

TITLE
CEO & Director
COMPENSATION
£490K
AGE
49
TENURE
2.5 yrs

Philip Vincent

TITLE
Group CFO & Executive Director
TENURE
1 yrs

Katie Tasker-Wood

TITLE
Company Secretary
TENURE
2.6 yrs
Board of Directors Tenure

Average tenure and age of the Northgate board of directors in years:

1.8
Average Tenure
54
Average Age
  • The average tenure for the Northgate board of directors is less than 3 years, this suggests a new board.
Board of Directors

Bill Spencer

TITLE
Interim Non-Executive Chairman & Senior Independent Director
COMPENSATION
£65K
AGE
59
TENURE
0.3 yrs

Kevin Bradshaw

TITLE
CEO & Director
COMPENSATION
£490K
AGE
49
TENURE
2.5 yrs

Philip Vincent

TITLE
Group CFO & Executive Director
TENURE
1 yrs

Jill Caseberry

TITLE
Non-Executive Director
COMPENSATION
£65K
AGE
54
TENURE
6.6 yrs

Claire Miles

TITLE
Non-Executive Director
COMPENSATION
£55K
AGE
47
TENURE
3.7 yrs

John Pattullo

TITLE
Non-Executive Director
AGE
66
TENURE
0.5 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 Northgate'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. Northgate 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.

NTG News

Simply Wall St News

Volatility 101: Should Northgate (LON:NTG) Shares Have Dropped 33%?

One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. … Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround.

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What Do Analysts Think About Northgate plc's (LON:NTG) Earnings Trajectory?

Below is my commentary, albeit very simple and high-level, on how market analysts view Northgate's earnings growth outlook over the next few years and whether the future looks even brighter than the past. … See our latest analysis for Northgate Market analysts' consensus outlook for this coming year seems rather subdued, with earnings climbing by a single digit 5.0%. … LSE:NTG Past and Future Earnings, July 8th 2019 Although it’s helpful to be aware of the rate of growth year by year relative to today’s value, it may be more valuable to determine the rate at which the company is moving every year, on average.

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Is Now The Time To Look At Buying Northgate plc (LON:NTG)?

Northgate plc (LON:NTG), which is in the transportation business, and is based in United Kingdom, saw a decent share price growth in the teens level on the LSE over the last few months. … I find that Northgate’s ratio of 8.6x is trading slightly below its industry peers’ ratio of 9.6x, which means if you buy Northgate today, you’d be paying a reasonable price for it. … Furthermore, it seems like Northgate’s share price is quite stable, which means there may be less chances to buy low in the future now that it’s fairly valued.

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Is Northgate plc's (LON:NTG) Balance Sheet A Threat To Its Future?

We can test if NTG’s debt levels are sustainable by measuring interest payments against earnings of a company. … Next Steps: Although NTG’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet debt obligations which means its debt is being efficiently utilised. … I suggest you continue to research Northgate to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for NTG’s future growth?

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Why We’re Not Impressed By Northgate plc’s (LON:NTG) 6.2% ROCE

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Northgate: 0.062 = UK£65m ÷ (UK£1.2b - UK£158m) (Based on the trailing twelve months to October 2018.) So, Northgate has an ROCE of 6.2%. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

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Should You Be Concerned About Northgate plc's (LON:NTG) Historical Volatility?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price.

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Don't Sell Northgate plc (LON:NTG) Before You Read This

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … How Do I Calculate A Price To Earnings Ratio … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

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Should You Be Concerned With Northgate plc's (LON:NTG) -19% Earnings Drop?

In this article, I will take a look at Northgate plc's (LON:NTG) most recent earnings update (31 October 2018) and compare these latest figures against its performance over the past few years, along with how the rest of NTG's industry performed. … NTG's trailing twelve-month earnings (from 31 October 2018) of UK£42m has. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 6.3%, indicating the rate at which NTG is growing has slowed down

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Did You Manage To Avoid Northgate's (LON:NTG) 31% Share Price Drop?

At this point some shareholders may be questioning their investment in Northgate plc (LON:NTG), since the last five years saw the share price fall 31%. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … That would generally be considered a positive, so we are surprised to see the share price is down.

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Is It Time To Consider Buying Northgate plc (LON:NTG)?

received a lot of attention from a substantial price movement on the LSE over the last few months, increasing to £4.05 at one point, and dropping to the lows of £3.54. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether Northgate's current trading price of £3.86 reflective of the actual value of the?

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NTG Company Info

Description

Northgate plc provides light commercial vehicle hire services in the United Kingdom, Spain, and the Republic of Ireland. It also sells used vehicles; supplies other related goods and services; and offers fleet management services. The company operates a fleet of 52,900 vehicles in the United Kingdom; and a fleet of 48,000 vehicles in Spain. The company was founded in 1981 and is headquartered in Darlington, the United Kingdom.

Details
Name: Northgate plc
NTG
Exchange: LSE
Founded: 1981
£446,610,630
131,549,523
Website: http://www.northgateplc.com
Address: Northgate plc
Northgate Centre,
Lingfield Way,
Darlington,
County Durham, DL1 4PZ,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE NTG Ordinary Shares London Stock Exchange GB GBP 07. Jan 1980
OTCPK NGTE.F Ordinary Shares Pink Sheets LLC US USD 07. Jan 1980
DB 21W Ordinary Shares Deutsche Boerse AG DE EUR 07. Jan 1980
BATS-CHIXE NTGL Ordinary Shares BATS 'Chi-X Europe' GB GBP 07. Jan 1980
Number of employees
Current staff
Staff numbers
3,000
Northgate employees.
Industry
Trucking
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 21:26
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/07/16
Last earnings filing: 2019/06/25
Last earnings reported: 2019/04/30
Last annual earnings reported: 2019/04/30


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.