Northcoders Group PLC (GB:CODE)
LSE:CODE
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Northcoders Group PLC
(LSE:CODE)
Select Model
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Rating:74Outperform
Price Target:
36.00 p
▲(12.50% Upside)
Action:ReiteratedDate:12/07/25
Northcoders Group PLC demonstrates strong financial performance and strategic growth through recent contract wins, which are significant positives. However, technical analysis indicates bearish momentum, and cash flow management needs improvement. The stock's undervaluation presents an opportunity, but the lack of a dividend yield may deter some investors.
Positive Factors
Revenue Growth
Strong revenue growth indicates robust market demand and effective business strategies, supporting long-term expansion and competitiveness.
Negative Factors
Cash Flow Management
Inefficient cash management could lead to liquidity issues, affecting the company's ability to fund operations and growth initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Strong revenue growth indicates robust market demand and effective business strategies, supporting long-term expansion and competitiveness.
Read all positive factors
Northcoders Group PLC (CODE) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£2.20M
Dividend YieldN/A
Average Volume (3M)11.25K
Price to Earnings (P/E)14.2
Beta (1Y)-0.33
Revenue Growth1.64%
EPS GrowthN/A
CountryUK
Employees129
SectorConsumer Defensive
Sector Strength42
IndustryEducation & Training Services
Share Statistics
EPS (TTM)0.01
Shares Outstanding8,011,469
10 Day Avg. Volume6,194
30 Day Avg. Volume11,248
Financial Highlights & Ratios
PEG Ratio-0.27
Price to Book (P/B)2.75
Price to Sales (P/S)1.66
P/FCF Ratio16.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Northcoders Group PLC Business Overview & Revenue Model
Company Description
Northcoders Group PLC provides various training programs for software coding to individual, government, and corporate customers in the United Kingdom. The company provides bootcamp training courses, government-funded apprenticeships, and bespoke t...
How the Company Makes Money
Northcoders generates revenue primarily through tuition fees from its coding bootcamps and training programs. The company offers various courses, including full-stack development, which attract a diverse range of students, from career changers to ...
Northcoders Group PLC Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
80
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.14M | 8.82M | 7.10M | 5.60M | 3.01M | 1.34M |
| Gross Profit | 5.25M | 5.50M | 4.44M | 3.94M | 2.16M | 892.17K |
| EBITDA | 766.73K | 872.27K | -81.70K | 715.79K | -167.58K | -843.64K |
| Net Income | 351.21K | 388.86K | -1.01M | 359.54K | -358.12K | -938.34K |
Balance Sheet | ||||||
| Total Assets | 7.80M | 6.99M | 7.26M | 7.34M | 4.40M | 1.80M |
| Cash, Cash Equivalents and Short-Term Investments | 2.30M | 1.19M | 1.62M | 2.78M | 1.56M | 525.67K |
| Total Debt | 1.59M | 670.14K | 1.13M | 1.79M | 1.62M | 1.62M |
| Total Liabilities | 2.40M | 1.67M | 2.45M | 2.69M | 2.25M | 2.34M |
| Stockholders Equity | 5.41M | 5.31M | 4.82M | 4.64M | 2.15M | -538.27K |
Cash Flow | ||||||
| Free Cash Flow | 901.99K | 890.51K | -186.07K | -770.15K | -1.40M | -645.40K |
| Operating Cash Flow | 920.34K | 928.92K | 651.44K | -245.03K | -1.09M | -464.30K |
| Investing Cash Flow | -543.06K | -819.08K | -996.76K | -515.36K | -302.67K | -196.51K |
| Financing Cash Flow | 640.60K | -588.29K | -814.78K | 1.97M | 2.43M | 765.28K |
Northcoders Group PLC Technical Analysis
Negative
32.00
Price Trends
29.24
Negative
30.72
Negative
33.44
Negative
Market Momentum
-0.61
Negative
7.86
Positive
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CODE, the sentiment is Negative. The current price of 32 is above the 20-day moving average (MA) of 28.13, above the 50-day MA of 29.24, and below the 200-day MA of 33.44, indicating a bearish trend. The MACD of -0.61 indicates Negative momentum. The RSI at 7.86 is Positive, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:CODE.
Northcoders Group PLC Peers Comparison
UnderperformOutperform
Sector (62)
GB:CODE
Northcoders Group PLC
27.50
-90.50
-76.69%
GB:MLVN
Malvern International
21.50
1.50
7.50%
GB:WIL
Wilmington
240.00
-94.78
-28.31%
Northcoders Group PLC Corporate Events
Business Operations and StrategyFinancial Disclosures
Northcoders Weathers Funding Shake-Up with Cost Cuts and Counter® Growth
Negative
Jan 27, 2026
Northcoders reported a sharp fall in unaudited FY2025 revenue to £5.0m from £8.8m as structural changes to the UK Department for Education’s skills funding system triggered a sector-wide drop in funded learners, pushing the group i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.