Northern Bear (NTBR) AI Stock Analysis

• Market Cap: £17.67M
• Dividend Yield: 1.95%
• Average Volume (3M): 31.90K
• Price to Earnings (P/E): 4.2
• Beta (1Y): 0.12
• Revenue Growth: 29.61%
• EPS Growth: 174.25%
• Country: UK
• Employees: 411
• Sector: Industrials
• Sector Strength: 72
• Industry: Construction
• EPS (TTM): 0.21
• Shares Outstanding: 13,750,276
• 10 Day Avg. Volume: 41,033
• 30 Day Avg. Volume: 31,898
• PEG Ratio: 0.05
• Price to Book (P/B): 0.40
• Price to Sales (P/S): 0.11
• P/FCF Ratio: 1.61
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 84 Outperform
• Price Target: 178.00p ▲(32.84% Upside)

Northern Bear's stock is rated highly due to its strong financial performance, bullish technical indicators, and attractive valuation. The company's strategic investments and debt repayment further enhance its growth prospects. The absence of earnings call data does not detract from the positive outlook.

Positive Factors

Revenue Growth

Sustained revenue growth indicates robust demand for Northern Bear's products and services, enhancing its market position and long-term profitability.

Balance Sheet Strength

A strong balance sheet with low leverage provides financial stability and flexibility, enabling Northern Bear to invest in growth opportunities and weather industry volatility.

Cash Flow Improvement

Significant improvement in cash flow enhances Northern Bear's ability to fund operations, reduce debt, and invest in strategic initiatives, supporting long-term growth.

Negative Factors

Margin Volatility

Volatility in the construction industry may pressure Northern Bear's margins, challenging its ability to sustain profitability and operational efficiency over time.

Cash Flow Fluctuations

Inconsistent cash flow management can limit Northern Bear's financial flexibility, impacting its ability to invest in growth and manage liabilities effectively.

Industry Volatility

The inherent volatility of the construction industry poses risks to Northern Bear's revenue stability and growth prospects, necessitating strategic risk management.

Northern Bear Business Overview & Revenue Model

Company Description

Northern Bear (NTBR) is a UK-based company focused on providing high-quality building materials and construction services. The company operates primarily in the construction sector, offering a range of products including insulation materials, timber products, and other building supplies. Northern Bear also engages in property development and renovations, catering to both commercial and residential markets.

How the Company Makes Money

Northern Bear generates revenue through multiple streams, primarily by selling building materials to contractors, builders, and DIY enthusiasts. The company capitalizes on the growing construction market by providing essential products needed for building and renovation projects. Additionally, Northern Bear earns income through its property development segment, which involves purchasing, developing, and selling residential and commercial properties. Key revenue streams include direct sales of construction materials, project contracts for construction and renovation services, and income from property sales. The company may also benefit from partnerships with suppliers and construction firms, enhancing its market reach and operational efficiency.

Northern Bear Financial Statement Overview

Summary

Northern Bear exhibits strong financial health with impressive revenue growth and profitability improvements. The balance sheet is solid, with low leverage and high equity, while cash flow management shows positive trends. Continued focus on maintaining margins and cash flow stability will be key to sustaining this performance in the construction industry.

Income Statement

Northern Bear has shown a strong revenue growth rate of 12.6% in the latest year, with improving gross and net profit margins. The gross profit margin increased to 24.6%, and the net profit margin improved to 2.95%. The EBIT and EBITDA margins also show positive trends, indicating enhanced operational efficiency. However, the construction industry can be volatile, and maintaining these margins will be crucial.

Balance Sheet

The company's balance sheet is robust, with a low debt-to-equity ratio of 0.14, indicating prudent financial leverage. The return on equity stands at 10.33%, reflecting effective use of equity to generate profits. The equity ratio of 52.4% suggests a strong capital structure, providing stability and reducing financial risk.

Cash Flow

Northern Bear's cash flow performance has significantly improved, with a free cash flow growth rate of 203% and a free cash flow to net income ratio of 0.74. The operating cash flow to net income ratio of 0.43 indicates a healthy conversion of income into cash. However, past fluctuations in free cash flow highlight the need for consistent cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	89.91M	78.11M	68.68M	69.72M	61.10M	49.18M
Gross Profit	22.49M	19.22M	15.87M	13.93M	12.44M	8.44M
EBITDA	7.43M	4.98M	3.85M	3.33M	335.00K	-469.00K
Net Income	4.16M	2.31M	1.62M	1.59M	-1.33M	-1.79M
Balance Sheet
Total Assets	47.19M	42.56M	39.35M	40.11M	39.03M	36.54M
Cash, Cash Equivalents and Short-Term Investments	3.83M	3.97M	978.00K	3.15M	3.23M	2.11M
Total Debt	2.06M	3.23M	5.18M	2.24M	3.25M	1.60M
Total Liabilities	22.35M	20.25M	19.09M	17.55M	18.06M	14.25M
Stockholders Equity	24.84M	22.31M	20.26M	22.57M	20.98M	22.29M
Cash Flow
Free Cash Flow	5.87M	5.50M	-1.32M	1.12M	248.00K	2.18M
Operating Cash Flow	7.92M	7.43M	683.00K	2.59M	2.00M	3.38M
Investing Cash Flow	-1.51M	-1.41M	-1.18M	-946.00K	-1.21M	-830.00K
Financing Cash Flow	-4.02M	-3.03M	-1.67M	-1.72M	333.00K	-4.09M

Northern Bear Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 134.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:NTBR, the sentiment is Positive. The current price of 134 is below the 20-day moving average (MA) of 137.55, above the 50-day MA of 121.70, and above the 200-day MA of 90.11, indicating a neutral trend. The MACD of 3.60 indicates Positive momentum. The RSI at 52.14 is Neutral, neither overbought nor oversold. The STOCH value of 23.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:NTBR.

Northern Bear Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NTBR	84 Outperform	£17.67M	4.25	18.10%	1.95%	29.61%	174.25%
EPWN	77 Outperform	―	―	16.23%	4.27%	4.67%	93.06%
HSM	74 Outperform	£8.62M	8.46	8.12%	3.84%	-0.57%	32.71%
ALU	66 Neutral	£82.99M	8.73	―	4.78%	19.86%	19.09%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
TON	52 Neutral	£10.41M	-3.23	-11.61%	―	-27.62%	-228.90%

Northern Bear Corporate Events

Northern Bear Announces Changes in Shareholdings

Northern Bear plc has announced changes in the holdings of its ordinary shares. Mr. D O’Hare has increased his stake to 3.19% of the company’s issued share capital, while Mr. K Soulsby and his family have reduced their aggregate holdings to less than 3%. These changes in shareholding could have implications for the company’s shareholder structure and potentially influence future strategic decisions.

Northern Bear Plc Reports Strong Interim Results and Strategic Investments

Northern Bear Plc reported strong interim results for the six months ending 30 September 2025, with revenue increasing to £49.4 million and operating profit rising to £4.1 million. The company experienced a significant non-recurring operating profit of £1.3 million, contributing to the overall positive performance. Investments in operations, such as expanding into solar panel installations and enhancing compliance teams, are expected to support future growth despite flat market conditions. The company fully repaid its Virgin Money term loan, reflecting robust cash flow management, and anticipates stable trading performance in the upcoming months.

Northern Bear to Release Interim Results Ahead of Schedule

Northern Bear plc has announced that it will release its interim results for the six-month period ending 30 September 2025 on 19 November 2025. This earlier release is due to the completion of review processes ahead of schedule, which could positively impact the company’s operations and stakeholder confidence.

Northern Bear Announces CFO Departure and Succession Plans

Northern Bear plc has announced that Julian Davis will step down from his roles as Chief Financial Officer and Director, effective immediately. The company is in the process of finding a successor and will make an announcement once an appointment is made. This change is part of the company’s ongoing efforts to ensure a smooth transition and maintain its operational stability.

Northern Bear Reports Strong Trading Performance and Debt Repayment

Northern Bear plc has announced that its trading performance is ahead of expectations, with the Group’s EBIT for the first half of FY26 expected to align with the strong profit performance of the previous year. The company reported a non-recurring operating profit of approximately £1.0 million, which facilitated the full repayment of its outstanding term debt. Excluding this profit, the EBIT for the year ending 31 March 2026 is anticipated to be consistent with the adjusted EBIT of FY25. This financial update suggests a stable outlook for the company, with implications for continued operational strength and financial stability.

Northern Bear plc Successfully Passes All AGM Resolutions

Northern Bear plc, a company listed on the London Stock Exchange, held its Annual General Meeting where all proposed resolutions were passed. Notably, Steve Roberts stepped down as an executive director, leading to the withdrawal of a related resolution. The meeting saw the approval of various resolutions including the adoption of financial statements, re-election of directors, and authorization of dividends and share buybacks, reflecting strong shareholder support and potential strategic moves to enhance shareholder value.