Netcall (NET) AI Stock Analysis

• Market Cap: £197.76M
• Dividend Yield: 0.8%
• Average Volume (3M): 291.59K
• Price to Earnings (P/E): 47.3
• Beta (1Y): 0.59
• Revenue Growth: 22.80%
• EPS Growth: -32.13%
• Country: UK
• Employees: 283
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): <0.01
• Shares Outstanding: 170,483,750
• 10 Day Avg. Volume: 196,541
• 30 Day Avg. Volume: 291,589
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £162.50
• Price Target Upside: 46.40% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: 117.00p ▲(5.41% Upside)

Netcall's strong financial performance is the most significant factor, supported by consistent revenue growth and a solid balance sheet. However, bearish technical indicators and a high P/E ratio suggest caution. The absence of earnings call data and corporate events leaves these areas unassessed.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a strong market position and effective product offerings, enhancing long-term business sustainability.

Balance Sheet Health

A solid balance sheet with minimal leverage provides financial stability and flexibility, supporting future growth and investment opportunities.

Cash Generation Ability

Strong cash generation relative to net income ensures liquidity and the ability to reinvest in business operations, supporting long-term growth.

Negative Factors

Decline in Net Income

A decline in net income suggests potential profitability challenges, which could impact the company's ability to sustain growth and invest in new opportunities.

Free Cash Flow Growth Decline

A decline in free cash flow growth may limit the company's ability to fund new projects and return value to shareholders, affecting long-term strategic initiatives.

Earnings Volatility

Earnings volatility can create uncertainty in financial performance, potentially affecting investor confidence and the company's ability to plan for the future.

Netcall Business Overview & Revenue Model

Company Description

Netcall (NET) is a UK-based technology company specializing in customer engagement and business process automation solutions. It operates primarily in the software sector, offering products that empower organizations to enhance customer interactions and streamline operations. Key offerings include its low-code development platform, Liberty, which enables businesses to build and deploy applications quickly, and its customer engagement solutions that integrate various communication channels to improve service delivery.

How the Company Makes Money

Netcall generates revenue through a combination of subscription-based services, software licenses, and professional services. The primary revenue stream comes from subscriptions to its low-code platform and customer engagement software, which allows clients to access and utilize these tools on a recurring basis. Additionally, Netcall earns money through the sale of software licenses for its products, which can be a one-time fee or structured as part of a longer-term contract. The company also offers professional services, including consulting, implementation, and training, which provide further revenue opportunities. Significant partnerships with other technology and service providers enhance its offerings and expand market reach, contributing to overall earnings.

Netcall Financial Statement Overview

Summary

Netcall exhibits strong financial performance with consistent revenue growth, improving profitability, and robust cash generation. The company maintains a high gross profit margin and improved net profit margin, supported by strong cash flow and a solid balance sheet with low leverage.

Income Statement

Netcall demonstrates strong financial performance with consistent revenue growth and improving profitability. The revenue has grown significantly from £22.9M in 2019 to £39.1M in 2024, marking a healthy growth trajectory. The gross profit margin remains high at approximately 79.9% in 2024. The net profit margin has improved to 15.0% from 2.7% in 2019, reflecting enhanced operational efficiency. Both EBIT and EBITDA margins have increased, indicating robust earnings performance.

Balance Sheet

The balance sheet is stable with a solid equity position. The debt-to-equity ratio is low at 0.012, indicating low leverage and financial risk. Return on Equity (ROE) is strong at 14.5%, showcasing efficient utilization of equity to generate profits. Equity ratio stands at 52.6%, reflecting a strong equity base relative to total assets. The company's cash position has improved significantly over the years, further enhancing financial stability.

Cash Flow

Netcall's cash flow performance is commendable with consistent growth in free cash flow, increasing from £3.9M in 2019 to £12.2M in 2024. The operating cash flow to net income ratio is 2.53, indicating strong cash-generating capability relative to net income. Free cash flow to net income ratio is robust at 2.08, emphasizing ample free cash flow generation. This highlights excellent cash management and liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	47.96M	47.96M	39.06M	36.04M	30.46M	27.15M
Gross Profit	36.65M	36.65M	33.45M	30.27M	25.44M	24.53M
EBITDA	8.43M	8.43M	8.58M	6.34M	5.39M	4.17M
Net Income	4.05M	4.05M	5.85M	4.21M	2.40M	974.00K
Balance Sheet
Total Assets	88.25M	88.25M	77.04M	65.53M	56.98M	51.82M
Cash, Cash Equivalents and Short-Term Investments	27.16M	27.16M	34.01M	24.81M	17.61M	14.53M
Total Debt	1.04M	1.04M	481.00K	405.00K	4.17M	7.70M
Total Liabilities	44.26M	44.26M	36.54M	30.15M	29.56M	27.21M
Stockholders Equity	43.99M	43.99M	40.50M	35.38M	27.42M	24.61M
Cash Flow
Free Cash Flow	10.11M	10.11M	12.15M	8.81M	8.05M	2.93M
Operating Cash Flow	10.33M	10.33M	14.73M	11.56M	9.98M	5.68M
Investing Cash Flow	-15.66M	-15.66M	-4.21M	-2.74M	-1.94M	-2.75M
Financing Cash Flow	-1.56M	-1.56M	-1.26M	-1.68M	-4.93M	-1.16M

Netcall Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 111.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:NET, the sentiment is Positive. The current price of 111 is below the 20-day moving average (MA) of 111.13, below the 50-day MA of 114.89, and below the 200-day MA of 113.90, indicating a bullish trend. The MACD of 0.29 indicates Negative momentum. The RSI at 64.72 is Neutral, neither overbought nor oversold. The STOCH value of 82.84 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:NET.

Netcall Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ACSO	75 Outperform	£104.35M	14.38	5.30%	―	-3.95%	16.87%
DOTD	73 Outperform	£195.71M	17.59	11.31%	1.68%	6.27%	0.83%
APTD	72 Outperform	£163.94M	37.68	7.71%	1.92%	-6.63%	-7.88%
TRB	70 Outperform	£156.40M	19.36	15.34%	1.71%	3.48%	318.89%
AOM	68 Neutral	£171.40M	-857.14	-2.20%	―	31.86%	-115.22%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
NET	61 Neutral	£197.76M	47.35	9.59%	0.80%	22.80%	-32.13%

Netcall Corporate Events

Netcall Wins £3m Multi‑Year Liberty Cloud Deal with S&P 500 Financial Firm

Netcall has secured a new £3.0m multi-year Liberty cloud contract with a major S&P 500 global financial services firm, expanding a relationship that began in the second half of FY25 and increasing the customer’s annual subscription to £1.0m. The Liberty Create-based, AI-enabled case management application will automate workflows from intake to resolution, integrate with core systems and standardise processes, aiming to cut manual work and improve oversight and analytics across the client’s global operations. The win underscores Netcall’s land-and-expand strategy with blue-chip enterprises, enhances visibility of future recurring revenues and reinforces the group’s competitive position in the financial services vertical, even though it is not deemed material to overall performance expectations.

The most recent analyst rating on (GB:NET) stock is a Hold with a £117.00 price target. To see the full list of analyst forecasts on Netcall stock, see the GB:NET Stock Forecast page.

Netcall PLC Reports Successful AGM Resolution Approvals

Netcall PLC announced the successful approval of all resolutions at its Annual General Meeting held on December 17, 2025. The outcome reaffirms stakeholder support for the Company’s strategies and activities, consolidating its position as a leader in the enterprise software industry that integrates automation and customer engagement. Proxy vote details will be made available on the Company’s website, ensuring transparency.

The most recent analyst rating on (GB:NET) stock is a Buy with a £150.00 price target. To see the full list of analyst forecasts on Netcall stock, see the GB:NET Stock Forecast page.

Netcall Reports Positive Momentum and Strategic Expansion in FY26

Netcall announced at its Annual General Meeting that it continues to experience positive momentum in the first half of FY26, with demand for its Liberty cloud platform increasing as organizations seek unified automation and AI solutions. The company has completed its cloud investment program and is seeing growth through new business sign-ups, cross-sales, and recent public sector wins. The acquisition of Jadu enhances Netcall’s digital experience and AI capabilities, expanding its presence among UK local governments and aligning with its strategy to broaden its customer base and increase recurring revenue.

The most recent analyst rating on (GB:NET) stock is a Buy with a £150.00 price target. To see the full list of analyst forecasts on Netcall stock, see the GB:NET Stock Forecast page.

Netcall Reports Strong First Half of FY26 and Strategic Expansion

Netcall has announced continued positive momentum in the first half of FY26, with trading aligning with management expectations. The company is experiencing increased demand for its Liberty cloud platform, driven by the industry shift towards unified automation and AI solutions, which is enhancing annual contract value growth and recurring revenue visibility. The completion of their cloud investment program positions Netcall to capitalize on the migration to cloud subscriptions, complemented by the adoption of new AI capabilities. Recent acquisitions, including Jadu, are expanding their presence in local governments and creating cross-sell opportunities. With a strong pipeline and robust balance sheet, Netcall remains confident in its progress for FY26.

The most recent analyst rating on (GB:NET) stock is a Buy with a £150.00 price target. To see the full list of analyst forecasts on Netcall stock, see the GB:NET Stock Forecast page.

Netcall Acquires Jadu Holdings to Enhance Digital and AI Capabilities

Netcall has acquired Jadu Holdings Limited, a UK-based digital experience platform provider, to enhance its Liberty platform with new digital and AI capabilities. This acquisition expands Netcall’s market presence in the UK local government sector and internationally, particularly in the US, and is expected to be earnings enhancing. The acquisition aligns with Netcall’s strategy to increase its customer base and cross-sell opportunities, while Jadu’s cloud-based revenue model supports predictable earnings.

The most recent analyst rating on (GB:NET) stock is a Buy with a £150.00 price target. To see the full list of analyst forecasts on Netcall stock, see the GB:NET Stock Forecast page.

Netcall PLC Announces AGM and Annual Report Release

Netcall PLC has announced the posting of its annual report and accounts for the financial period ending 30 June 2025, along with the notice for its annual general meeting (AGM) scheduled for 17 December 2025 in London. The AGM is seen as a crucial event for shareholder engagement, with opportunities for shareholders to submit questions in advance and attend the meeting in person, reflecting the company’s commitment to transparent communication with its stakeholders.

The most recent analyst rating on (GB:NET) stock is a Buy with a £150.00 price target. To see the full list of analyst forecasts on Netcall stock, see the GB:NET Stock Forecast page.