NAHL Group Plc (GB:NAH)
LSE:NAH
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NAHL Group Plc
(LSE:NAH)
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Rating:68Neutral
Price Target:
43.00 p
▲(26.47% Upside)
Action:Reiterated
Date:06/06/26
The score is driven primarily by the 2025 financial recovery and consistently positive free cash flow, with improved leverage. Valuation is supportive due to the low P/E, while technicals are moderately positive but show mixed near-term momentum.
Positive Factors
Consistent free cash flow
Consistent positive operating and free cash flow across periods provides durable internal funding for marketing and operations, reduces reliance on external financing, and gives management flexibility to invest in customer acquisition or manage downside scenarios over the next several months.
Negative Factors
Earnings volatility year-to-year
Large swings from a severe loss to a rebound signal earnings sensitivity to claim volumes, marketing efficiency and one-off items. This volatility impairs forecasting, partner negotiations and long-term planning, leaving operational performance less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent free cash flow
Consistent positive operating and free cash flow across periods provides durable internal funding for marketing and operations, reduces reliance on external financing, and gives management flexibility to invest in customer acquisition or manage downside scenarios over the next several months.
Read all positive factors
NAHL Group Plc (NAH) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£17.88M
Dividend YieldN/A
Average Volume (3M)10.40K
Price to Earnings (P/E)5.5
Beta (1Y)-0.03
Revenue Growth3.19%
EPS GrowthN/A
CountryUK
Employees282
SectorCommunication Services
Sector Strength97
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)0.07
Shares Outstanding48,463,104
10 Day Avg. Volume4,779
30 Day Avg. Volume10,398
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)0.74
Price to Sales (P/S)0.42
P/FCF Ratio2.56
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
NAHL Group Plc Business Overview & Revenue Model
Company Description
NAHL Group Plc, along with its subsidiaries, delivers a diverse range of products and services to both private individuals and businesses across the United Kingdom. The company primarily targets two key sectors: consumer legal support and the intr...
How the Company Makes Money
NAHL Group Plc makes money primarily by generating and monetising consumer enquiries (leads) for legal claims and by earning income connected to insurance and other ancillary services associated with those claims.
1) Marketing-led legal enquiries...
NAHL Group Plc Earnings Call Summary
Earnings Call Date:Sep 24, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Sep 29, 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
62
Positive
Balance Sheet
58
Neutral
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 40.04M | 38.80M | 42.19M | 41.42M | 38.95M |
| Gross Profit | 19.90M | 18.37M | 18.71M | 16.19M | 15.92M |
| EBITDA | 7.97M | -36.71M | 3.32M | 6.48M | 5.91M |
| Net Income | 3.26M | -39.29M | 384.00K | 385.00K | 156.00K |
Balance Sheet | |||||
| Total Assets | 46.10M | 47.90M | 91.91M | 96.21M | 97.87M |
| Cash, Cash Equivalents and Short-Term Investments | 1.51M | 1.85M | 2.01M | 2.65M | 2.46M |
| Total Debt | 5.88M | 10.44M | 13.44M | 17.93M | 20.11M |
| Total Liabilities | 23.48M | 28.77M | 33.85M | 38.89M | 41.25M |
| Stockholders Equity | 22.62M | 19.13M | 58.06M | 57.32M | 56.62M |
Cash Flow | |||||
| Free Cash Flow | 6.54M | 4.89M | 7.20M | 5.74M | 4.52M |
| Operating Cash Flow | 6.60M | 5.08M | 7.51M | 6.02M | 5.14M |
| Investing Cash Flow | -2.37M | -130.00K | -339.00K | -3.56M | -4.04M |
| Financing Cash Flow | -4.57M | -5.11M | -7.82M | -2.26M | -2.25M |
NAHL Group Plc Technical Analysis
Neutral
34.00
Price Trends
35.75
Positive
34.95
Positive
38.43
Negative
Market Momentum
0.07
Positive
49.27
Neutral
43.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:NAH, the sentiment is Neutral. The current price of 34 is below the 20-day moving average (MA) of 37.20, below the 50-day MA of 35.75, and below the 200-day MA of 38.43, indicating a neutral trend. The MACD of 0.07 indicates Positive momentum. The RSI at 49.27 is Neutral, neither overbought nor oversold. The STOCH value of 43.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | £41.75M | 14.75 | 19.89% | 2.29% | 3.32% | -10.58% | |
68 Neutral | £17.88M | 5.47 | -96.35% | ― | 3.19% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | £16.76M | -0.87 | -3.41% | ― | 1.84% | -1966.67% | |
47 Neutral | £6.46M | -5.80 | 4.93% | ― | -2.27% | -365.00% | |
45 Neutral | £14.94M | -1.08 | -37.24% | ― | -4.43% | -281.20% |
* Communication Services Sector Average
GB:NAH
NAHL Group Plc
36.90
-11.30
-23.44%
GB:EBQ
Ebiquity
10.75
-12.75
-54.26%
GB:TMG
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18.50
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-27.45%
GB:SYS1
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329.00
-78.68
-19.30%
GB:DNM
Dianomi Plc
21.50
-6.00
-21.82%
NAHL Group Plc Corporate Events
Financial DisclosuresShareholder Meetings
NAHL Group Posts 2025 Annual Report and Sets June AGM with Online Access
Neutral
May 29, 2026
NAHL Group plc has distributed its Annual Report and Accounts for the year ended 31 December 2025 and issued the notice of its upcoming Annual General Meeting to shareholders. The documents are available on the company’s website, and the AGM...
Regulatory Filings and Compliance
NAHL Group Confirms Total Voting Rights at 48.5 Million Shares
Neutral
May 29, 2026
NAHL Group plc has confirmed that its issued ordinary share capital consists of 48,463,103 ordinary shares of £0.0025 each, with one voting right per share, and that it holds no shares in treasury. This disclosure sets the official total voti...
Delistings and Listing ChangesRegulatory Filings and Compliance
NAHL Group Issues New Shares After Employee Option Exercise
Neutral
May 19, 2026
NAHL Group plc has issued and allotted 237,000 new ordinary shares following the exercise of share options by current and former employees, with the new shares carrying the same rights as existing stock and expected to be admitted to trading on AI...
Business Operations and StrategyFinancial Disclosures
NAHL Group swings back to profit and slashes debt on strong cash generation
Positive
May 7, 2026
NAHL Group reported a marked recovery in 2025, with revenue up 3.2% to £40m and underlying profit before tax surging 260% to £5m, turning a prior-year loss into a £4.4m pre-tax profit. Strong cash generation cut net debt by more tha...
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.