NAHL Group Plc (GB:NAH)
LSE:NAH
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NAHL Group Plc
(LSE:NAH)
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Rating:53Neutral
Price Target:
37.00 p
▲(8.82% Upside)
Action:ReiteratedDate:12/07/25
The overall stock score is primarily influenced by the company's financial challenges, including declining revenue and profitability. Technical indicators suggest a bearish trend, and valuation metrics are unattractive due to negative earnings. However, the recent earnings call provided some positive insights, with strong growth in profitability and cash generation, which slightly offsets the negative aspects.
Positive Factors
Free cash flow growth
A 119% rise in free cash flow to £1.5m signals a durable improvement in cash conversion and operational cash generation. Sustained FCF reduces dependence on external funding, supports working capital, targeted acquisitions, and de‑leveraging, strengthening liquidity over coming quarters.
Negative Factors
Declining revenue and profitability
Multi‑year revenue decline and a negative net margin in 2024 point to structural demand or pricing challenges. Persistent top‑line weakness undermines margin recovery, limits reinvestment capacity, and makes profit improvements more vulnerable unless the company stabilises underlying revenue streams.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow growth
A 119% rise in free cash flow to £1.5m signals a durable improvement in cash conversion and operational cash generation. Sustained FCF reduces dependence on external funding, supports working capital, targeted acquisitions, and de‑leveraging, strengthening liquidity over coming quarters.
Read all positive factors
NAHL Group Plc (NAH) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£14.66M
Dividend YieldN/A
Average Volume (3M)10.40K
Price to Earnings (P/E)3.8
Beta (1Y)0.15
Revenue Growth-4.96%
EPS Growth-4798.26%
CountryUK
Employees282
SectorCommunication Services
Sector Strength97
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)0.03
Shares Outstanding48,226,105
10 Day Avg. Volume4,779
30 Day Avg. Volume10,398
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.78
Price to Sales (P/S)0.88
P/FCF Ratio6.96
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)5.58
Revenue Forecast (FY)£2.97B
NAHL Group Plc Business Overview & Revenue Model
Company Description
NAHL Group Plc, together with its subsidiaries, provides products and services to individuals and businesses in the consumer legal services and catastrophic injury markets in the United Kingdom. The company operates through two divisions, Consumer...
How the Company Makes Money
NAHL Group generates revenue through multiple streams. In its Legal Services division, the company primarily earns through lead generation, where it connects potential clients with law firms, typically on a commission basis. This involves marketin...
NAHL Group Plc Earnings Call Summary
Earnings Call Date:Sep 24, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:May 06, 2026
Earnings Call Sentiment Positive
The earnings call highlighted strong growth in profitability, cash generation, and a significant reduction in net debt. The Consumer Legal Services division showed impressive improvement in operating profit, and the Critical Care division maintained strong margins and demand for expert witness services. However, there were challenges in the case management market and a decline in inquiry volumes due to reduced demand from law firms and increased acquisition costs from Google algorithm changes.Positive Updates
Strong Growth in Profitability
Profit before tax increased by 289% to GBP 1.9 million, with an 89% increase in operating profit for the Consumer Legal Services division.
Negative Updates
Decline in Consumer Legal Services Revenue
Revenue in the Consumer Legal Services division was 3% lower, with Personal Injury revenues down 5%.
Read all updates
Q2-2025 Updates
Positive
Negative
Strong Growth in Profitability
Profit before tax increased by 289% to GBP 1.9 million, with an 89% increase in operating profit for the Consumer Legal Services division.
Read all positive updates
Company Guidance
In the recent investor presentation call, NAHL Group Plc provided a comprehensive overview of its interim results for the first half of 2025. The Group reported revenue of £19.2 million, consistent with the previous year, and a significant 289% increase in profit before tax to £1.9 million. This was buoyed by an 89% rise in operating profit within the Consumer Legal Services division. Basic earnings per share grew by over 300% to 3p, highlighting a robust financial performance. Cash generation was strong, with free cash flow up 119% at £1.5 million, enabling the Group to reduce its net debt to a 10-year low of £5.6 million from £7.1 million at the year's start. The Consumer Legal Services division showed a notable turnaround, with Personal Injury business operating profit doubling compared to the first half of 2024. This was supported by National Accident Law (NAL), which settled 1,648 claims generating £5.3 million in cash, a 33% increase year-on-year. Additionally, the Critical Care division maintained strong operating profit margins at 31.5%, with revenues, operating profit, and cash from operations all increasing. The Group's strategic focus remains on sustaining growth, leveraging opportunities in both its Consumer Legal Services and Critical Care divisions, and exploring potential acquisitions to enhance shareholder value.NAHL Group Plc Financial Statement Overview
Summary
Income Statement
40
Negative
Balance Sheet
60
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 38.62M | 38.80M | 42.19M | 41.42M | 38.95M | 40.88M |
| Gross Profit | 18.13M | 18.37M | 18.71M | 16.19M | 15.92M | 17.33M |
| EBITDA | -34.10M | -36.71M | 3.32M | 6.48M | 5.91M | 6.42M |
| Net Income | -38.20M | -39.29M | 384.00K | 385.00K | 156.00K | -225.00K |
Balance Sheet | ||||||
| Total Assets | 47.16M | 47.90M | 91.91M | 96.21M | 97.87M | 101.08M |
| Cash, Cash Equivalents and Short-Term Investments | 1.61M | 1.85M | 2.01M | 2.65M | 2.46M | 3.61M |
| Total Debt | 8.58M | 10.44M | 13.44M | 17.93M | 20.11M | 22.34M |
| Total Liabilities | 26.47M | 28.77M | 33.85M | 38.89M | 41.25M | 45.02M |
| Stockholders Equity | 20.69M | 19.13M | 58.06M | 57.32M | 56.62M | 56.06M |
Cash Flow | ||||||
| Free Cash Flow | 5.79M | 4.89M | 7.20M | 5.74M | 4.52M | 9.95M |
| Operating Cash Flow | 5.82M | 5.08M | 7.51M | 6.02M | 5.14M | 11.04M |
| Investing Cash Flow | -2.15M | -130.00K | -339.00K | -3.56M | -4.04M | -5.56M |
| Financing Cash Flow | -4.26M | -5.11M | -7.82M | -2.26M | -2.25M | -4.43M |
NAHL Group Plc Technical Analysis
Negative
34.00
Price Trends
34.41
Negative
36.35
Negative
41.78
Negative
Market Momentum
-1.16
Positive
33.08
Neutral
20.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:NAH, the sentiment is Negative. The current price of 34 is above the 20-day moving average (MA) of 32.89, below the 50-day MA of 34.41, and below the 200-day MA of 41.78, indicating a bearish trend. The MACD of -1.16 indicates Positive momentum. The RSI at 33.08 is Neutral, neither overbought nor oversold. The STOCH value of 20.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:NAH.
NAHL Group Plc Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | £37.05M | 67.27 | 19.89% | 2.29% | 3.32% | -10.58% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
57 Neutral | £4.05M | -2.52 | 4.93% | ― | ― | ― | |
56 Neutral | £17.53M | -8.25 | -33.95% | 4.09% | -13.72% | -361.92% | |
53 Neutral | £14.66M | 3.84 | -96.35% | ― | -4.96% | -4798.26% | |
48 Neutral | £17.03M | -0.82 | -37.24% | ― | -0.79% | -100.22% | |
46 Neutral | £11.32M | -0.89 | -3.41% | ― | -25.20% | 78.55% |
* Communication Services Sector Average
GB:NAH
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NAHL Group Plc Corporate Events
Business Operations and StrategyFinancial Disclosures
NAHL Group boosts profit, cash flow and cuts debt as 2025 trading beats prior year
Positive
Jan 27, 2026
NAHL Group reported strong unaudited trading for the year to 31 December 2025, with revenues expected to rise 3% to about £40m and underlying operating profit up 86% to around £7.3m, driven mainly by higher revenue and lower marketing co...
Business Operations and Strategy
NAHL Group Grants 900,000 Employee Share Options Under Incentive Plan
Neutral
Dec 19, 2025
NAHL Group has granted 900,000 new share options to certain employees under its Group Share Option Plan, with no directors or persons discharging managerial responsibilities included in the award. The nominal-cost options, which vest in two tranch...
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.