Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Next 15 Group plc is a diversified group of specialist consultancies and agencies focused on growth consulting services. It operates across four key segments: Customer Insight, which harnesses data, analytics, and predictive modelling to understand customers; Customer Engagement, which creates brands, manages reputations, and builds digital assets; Customer Delivery, which executes strategies through demand generation, account-centric marketing, retail media, e-commerce, and media buying across B2B and consumer markets; and Business Transformation, which builds new businesses, corporate venture funds, and optimizes portfolio value for private equity. The company serves high-growth markets including technology, healthcare, financial services, consumer passions, and public sector, delivering integrated solutions in data, AI, communications, and digital transformation. Its decentralised network of brands, such as Savanta, MHP Group, SMG, M Booth, and Archetype, provides specialised capabilities in communications, PR, digital marketing, market research, and customer experience optimisation. Founded in 1981 and headquartered in London, United Kingdom, Next 15 Group plc supports clients in navigating complex, tech-driven landscapes to accelerate sustainable growth.
£2.62
£0.03 (-1.32%)
EOD Jul 3, 2026
Operating margin is thin at 9.33%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 53.3%, still solid.
At 175x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
174.7x earnings, 3.8x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
£721M
▲ +53.3% YoY
Net Income (TTM)
£3M
▲ +104.5% YoY
Op. Margin
9.33%
▲ +0.8pp YoY
ROIC
56.72%
▲ +8.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
£68M
▼ -6.9% YoY
Op. Cash Flow (TTM)
£71M
▼ -6.1% YoY
Net Debt
£16M
Cash & Equiv.
£47M
3Y CAGR: +33.8%
3Y CAGR: +21.1%
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At a P/E of 174.7 and a price-to-free-cash-flow of 3.8, Next 15 Group (NFC.XLON) trades below a two-stage DCF intrinsic value of about £26.88 per share, so at £2.62 the stock looks undervalued (925.8% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Next 15 Group scores 82/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 5.0%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about £26.88 per share for NFC.XLON, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around £20.16. At today's £2.62, that puts the stock about 925.8% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Next 15 Group scores 82 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. Recent fundamentals include a 9.3% operating margin and a 56.7% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Next 15 Group pays a regular dividend of about £0.13 per share per year (typically in quarterly installments), a yield of roughly 5.0% at the current price. That is a payout ratio of about 424.6% of earnings, so the dividend is stretched at this level. Next 15 Group has grown the dividend at roughly 37.0% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For NFC.XLON's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. NFC.XLON currently trades below its estimated intrinsic value and scores 82/100 on quality (high-quality). It also yields about 5.0%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.