Netcall PLC (GB:NET)
LSE:NET
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Netcall
(LSE:NET)
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Rating:68Neutral
Price Target:
118.00 p
▲(6.31% Upside)
Action:UpgradedDate:01/29/26
The score is driven primarily by solid financial performance (strong growth, high margins, and minimal leverage), partially offset by weakening net income and free-cash-flow growth. Technically, the uptrend is strong but conditions are extremely overbought, raising near-term risk. Valuation is the largest headwind due to the very high P/E and low yield.
Positive Factors
Recurring revenue model
Netcall’s primary monetisation via recurring software fees and maintenance creates predictable revenue and higher customer lifetime value. Coupled with professional services, this supports durable ARR-like cash flows, easier forecasting and incremental expansion inside installed bases over quarters.
Negative Factors
Declining net income and FCF growth
A drop in net income alongside an 8.47% decline in free cash flow growth signals pressure on profitability or higher operating investment. Persisting declines would reduce reinvestment capacity, constrain margin improvement and weaken the company’s ability to fund growth without external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring revenue model
Netcall’s primary monetisation via recurring software fees and maintenance creates predictable revenue and higher customer lifetime value. Coupled with professional services, this supports durable ARR-like cash flows, easier forecasting and incremental expansion inside installed bases over quarters.
Read all positive factors
Netcall (NET) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£184.24M
Dividend Yield0.8%
Average Volume (3M)291.59K
Price to Earnings (P/E)37.6
Beta (1Y)0.77
Revenue Growth22.80%
EPS Growth-32.13%
CountryUK
Employees283
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.02
Shares Outstanding170,596,570
10 Day Avg. Volume196,541
30 Day Avg. Volume291,589
Financial Highlights & Ratios
PEG Ratio-1.46
Price to Book (P/B)4.33
Price to Sales (P/S)3.97
P/FCF Ratio18.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£162.50Price Target Upside46.40% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.04
Revenue Forecast (FY)£57.63M
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 interactio...
How the Company Makes Money
Netcall makes money primarily by licensing its software (including subscriptions/SaaS access to its Liberty platform) to organisations that use it for customer engagement, contact-centre operations, and process/workflow automation. Revenue is typi...
Netcall Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 51.39M | 47.96M | 39.06M | 36.04M | 30.46M | 27.15M |
| Gross Profit | 39.07M | 36.65M | 33.45M | 30.27M | 25.44M | 24.53M |
| EBITDA | 8.49M | 8.43M | 8.58M | 6.34M | 5.39M | 4.17M |
| Net Income | 2.40M | 4.05M | 5.85M | 4.21M | 2.40M | 974.00K |
Balance Sheet | ||||||
| Total Assets | 95.13M | 88.25M | 77.04M | 65.53M | 56.98M | 51.82M |
| Cash, Cash Equivalents and Short-Term Investments | 14.77M | 27.16M | 34.01M | 24.81M | 17.61M | 14.53M |
| Total Debt | 988.00K | 1.04M | 481.00K | 405.00K | 4.17M | 7.70M |
| Total Liabilities | 47.25M | 44.26M | 36.54M | 30.15M | 29.56M | 27.21M |
| Stockholders Equity | 47.88M | 43.99M | 40.50M | 35.38M | 27.42M | 24.61M |
Cash Flow | ||||||
| Free Cash Flow | 8.99M | 10.11M | 12.15M | 8.81M | 8.05M | 2.93M |
| Operating Cash Flow | 9.28M | 10.33M | 14.73M | 11.56M | 9.98M | 5.68M |
| Investing Cash Flow | -14.95M | -15.66M | -4.21M | -2.74M | -1.94M | -2.75M |
| Financing Cash Flow | -1.59M | -1.56M | -1.26M | -1.68M | -4.93M | -1.16M |
Netcall Technical Analysis
Neutral
111.00
Price Trends
110.84
Negative
112.49
Negative
115.20
Negative
Market Momentum
-0.69
Negative
63.32
Neutral
85.99
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:NET, the sentiment is Neutral. The current price of 111 is above the 20-day moving average (MA) of 99.70, above the 50-day MA of 110.84, and below the 200-day MA of 115.20, indicating a neutral trend. The MACD of -0.69 indicates Negative momentum. The RSI at 63.32 is Neutral, neither overbought nor oversold. The STOCH value of 85.99 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:NET.
Netcall Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | £113.45M | 16.12 | 15.55% | 1.71% | 3.48% | 318.89% | |
68 Neutral | £184.24M | 37.63 | 5.22% | 0.80% | 22.80% | -32.13% | |
68 Neutral | £143.97M | -33.80 | -2.11% | ― | 31.86% | -115.22% | |
67 Neutral | £136.46M | 11.95 | 8.80% | 1.68% | 6.27% | 0.83% | |
66 Neutral | £78.55M | 4.25 | 2.93% | ― | -3.95% | 16.87% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | £130.47M | 15.12 | 7.76% | 1.92% | -6.63% | -7.88% |
* Technology Sector Average
GB:NET
Netcall
108.00
1.41
1.32%
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Netcall Corporate Events
Business Operations and Strategy
Netcall Directors Increase Stakes with Insider Share Purchases
Positive
Mar 31, 2026
Netcall plc has disclosed director and senior management share purchases, with Non-Executive Chair Henrik Bang, Chief Executive Officer James Ormondroyd and Non-Executive Director James Platt acquiring a combined 85,000 ordinary shares. Following ...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Netcall Issues Contingent Consideration Shares Tied to Skore Acquisition
Neutral
Mar 30, 2026
Netcall has issued 112,828 new ordinary shares as part of the contingent consideration payable to the vendors of Skore Labs, reflecting Skore’s performance since its acquisition in January 2024. The new shares are expected to be admitted to ...
Other
Netcall director Nigel Halkes increases stake with on‑market share purchase
Positive
Mar 17, 2026
Netcall plc reported that non‑executive director Nigel Halkes purchased 5,000 ordinary shares at 97.45 pence each on 17 March 2026, increasing his holding to 10,000 shares. The on‑market acquisition on the London Stock Exchange modestl...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Netcall lifts cloud and AI growth as Jadu deal boosts first-half momentum
Positive
Mar 4, 2026
Netcall reported a strong first half to 31 December 2025, with revenue up 15% to £26.5m, driven by 11% organic growth and an initial contribution from the December acquisition of Jadu. Cloud services led the performance, with cloud revenue up...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Netcall Passes £50m ACV Milestone on Surging Cloud and AI Demand
Positive
Jan 22, 2026
Netcall reported another period of strong double-digit growth for the first half of its 2026 financial year, with revenue expected to rise 15% to £26.5m and adjusted EBITDA up 12% to £6.4m, driven by 11% organic growth and the initial co...
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.