NWF Group plc (NWF) AI Stock Analysis

• Market Cap: £68.20M
• Dividend Yield: 6.59%
• Average Volume (3M): 80.77K
• Price to Earnings (P/E): 12.9
• Beta (1Y): 0.61
• Revenue Growth: -5.00%
• EPS Growth: -32.05%
• Country: UK
• Employees: 1,400
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Refining & Marketing
• EPS (TTM): 0.02
• Shares Outstanding: 49,597,702
• 10 Day Avg. Volume: 115,322
• 30 Day Avg. Volume: 80,766
• PEG Ratio: -0.48
• Price to Book (P/B): 0.95
• Price to Sales (P/S): 0.09
• P/FCF Ratio: 4.17
• 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: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): 0.16
• Revenue Forecast (FY): £1.05B

• Rating: 65 Neutral
• Price Target: 144.00p ▲(11.63% Upside)
• Action: Reiterated Date: 12/07/25
• Date: Action: Reiterated 12/07/25

NWF Group plc's overall stock score reflects a balance of strong valuation and financial performance against technical challenges and mixed corporate events. The company's operational efficiency and high dividend yield are significant strengths, but bearish technical indicators and challenges in the Fuels division weigh on the score.

Positive Factors

Operational Efficiency

Operational efficiency allows NWF to maintain stable EBIT and EBITDA margins, supporting profitability even with revenue pressures.

Cash Flow Generation

Strong cash flow growth enhances NWF's ability to reinvest in its business, support operations, and manage debt, ensuring long-term stability.

Diversified Business Model

A diversified model mitigates risks from sector-specific downturns, providing resilience and potential for sustained growth across multiple markets.

Negative Factors

Revenue Decline

Declining revenue challenges NWF's ability to grow its market position and profitability, potentially impacting long-term financial health.

Increased Leverage

Rising leverage can limit financial flexibility and increase risk during economic downturns, affecting NWF's ability to invest and grow.

Profitability Pressure

Low profit margins suggest challenges in cost management or pricing power, potentially impacting long-term earnings and competitive position.

NWF Group plc Business Overview & Revenue Model

Company Description

NWF Group plc, together with its subsidiaries, primarily engages in the sale and distribution of fuel oils in the United Kingdom. It operates through Fuels, Food, and Feeds segments. The Fuels segment sells domestic heating, industrial, and road fuels. This segment owns and operates through a network of 25 depots. The Food segment is involved in the warehousing and distribution of grocery and other products to supermarkets and other retail distribution centers. The Feeds segment manufactures and sells animal feeds and other agricultural products. NWF Group plc was founded in 1871 and is headquartered in Nantwich, the United Kingdom.

How the Company Makes Money

NWF Group plc generates revenue through multiple key streams. The company's fuels segment earns income by distributing heating oil, road fuel, and other fuel products to various customer bases, including households, businesses, and agricultural sectors. The food segment contributes significantly through the storage, handling, and transport of food items, both ambient and chilled, for various retailers and food manufacturers. Additionally, NWF's logistics services encompass supply chain solutions, which further diversify its revenue sources. The company benefits from long-term contracts with clients in the food and fuel sectors, providing a stable income base. Strategic partnerships with suppliers and clients enhance its market position and contribute to consistent earnings.

NWF Group plc Financial Statement Overview

Summary

NWF Group plc demonstrates operational efficiency and strong cash flow generation despite revenue challenges. The balance sheet shows increased leverage, which could pose risks if not managed carefully. The company needs to focus on revenue growth to enhance profitability and maintain financial stability.

Income Statement

The income statement shows a declining revenue trend with a negative growth rate of -3.1% in the latest year. Gross profit margin and net profit margin are relatively low, indicating pressure on profitability. However, the company maintains a stable EBIT and EBITDA margin, suggesting operational efficiency despite revenue challenges.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio, which has increased over the years, indicating rising leverage. Return on equity has decreased, reflecting lower profitability. However, the equity ratio remains stable, suggesting a balanced capital structure.

Cash Flow

Cash flow analysis reveals strong free cash flow growth of 60.5%, indicating improved cash generation capabilities. The operating cash flow to net income ratio is healthy, suggesting efficient cash conversion. However, the free cash flow to net income ratio has decreased, indicating potential reinvestment or capital expenditure needs.

Breakdown	TTM	May 2024	May 2023	May 2022	May 2021	May 2020
Income Statement
Total Revenue	883.40M	903.10M	950.60M	1.05B	878.60M	675.60M
Gross Profit	13.20M	50.30M	47.20M	54.10M	55.30M	37.90M
EBITDA	32.80M	31.90M	31.40M	35.90M	26.90M	25.00M
Net Income	5.30M	6.20M	9.10M	14.90M	8.40M	7.80M
Balance Sheet
Total Assets	271.50M	260.20M	237.70M	217.60M	213.90M	186.90M
Cash, Cash Equivalents and Short-Term Investments	5.50M	10.90M	10.00M	16.30M	9.10M	4.00M
Total Debt	116.30M	64.80M	46.30M	29.80M	28.30M	35.30M
Total Liabilities	182.60M	173.00M	152.30M	139.70M	145.80M	127.40M
Stockholders Equity	88.90M	87.20M	85.40M	77.90M	68.10M	59.50M
Cash Flow
Free Cash Flow	20.50M	19.90M	10.60M	29.30M	26.50M	18.00M
Operating Cash Flow	24.60M	25.10M	20.90M	32.50M	30.10M	21.00M
Investing Cash Flow	-18.80M	-14.20M	-13.40M	-11.70M	-3.20M	-4.10M
Financing Cash Flow	-18.10M	-16.40M	-13.80M	-13.60M	-21.80M	-18.20M

NWF Group plc Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 129.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:NWF, the sentiment is Neutral. The current price of 129 is below the 20-day moving average (MA) of 136.85, below the 50-day MA of 133.80, and below the 200-day MA of 154.47, indicating a neutral trend. The MACD of 1.87 indicates Negative momentum. The RSI at 56.10 is Neutral, neither overbought nor oversold. The STOCH value of 53.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:NWF.

NWF Group plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AET	76 Outperform	£136.15M	4.92	42.05%	―	50.35%	48.07%
CASP	72 Outperform	£57.73M	6.13	5.26%	―	-58.10%	100.00%
DCC	71 Outperform	£4.13B	-64.23	3.85%	4.43%	-17.89%	-122.62%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
NWF	65 Neutral	£68.20M	12.86	7.18%	6.59%	-5.00%	-32.05%
TLW	56 Neutral	£204.73M	-1.30	―	―	-32.47%	-1490.91%
QED	42 Neutral	£37.97M	-11.15	-39.34%	―	―	5.56%

NWF Group plc Corporate Events

NWF Group Chair Amanda Burton Increases Shareholding with Market Purchase

NWF Group plc has disclosed that its Non-Executive Chair, Amanda Burton, purchased 18,470 ordinary shares in the company at a price of 134p per share. Following this transaction, Burton’s beneficial holding has increased to 35,724 shares, representing approximately 0.07% of NWF’s issued share capital, a move that marginally strengthens board alignment with shareholders.

The share purchase, conducted on 13 February 2026 on AIM, signals a modest vote of confidence in the business from its chair at a time when insider dealings are closely watched by investors. While the transaction is small in percentage terms, such director dealings are often monitored as indicators of management’s view on the company’s prospects and valuation in the market.

The most recent analyst rating on (GB:NWF) stock is a Hold with a £144.00 price target. To see the full list of analyst forecasts on NWF Group plc stock, see the GB:NWF Stock Forecast page.

NWF Group Clarifies Interim Dividend Timetable

NWF Group plc has issued a clarification regarding the interim dividend timetable originally published alongside its half-year results, noting that the previously stated ex-dividend and record dates were incorrect. The company confirmed that the interim dividend of 1.0 pence per share will now go ex-dividend on 19 March 2026, with a record date of 20 March 2026 and payment scheduled for 1 May 2026, while all other aspects of the dividend and results announcement remain unchanged, providing certainty for shareholders over the timing of the distribution.

The most recent analyst rating on (GB:NWF) stock is a Hold with a £144.00 price target. To see the full list of analyst forecasts on NWF Group plc stock, see the GB:NWF Stock Forecast page.

NWF Group Profits Hit by Weak Fuels Demand but Food and Feeds Strength Underpins Outlook

NWF Group reported a mixed first-half performance for the six months to 30 November 2025, with revenue down 4.3% to £434.6m and headline profit before tax falling 75% to £0.9m, as strong trading in its Food and Feeds divisions was more than offset by weakness in Fuels. Suppressed demand and intense competition in both domestic heating oil and commercial gas oil pushed the Fuels business into a £1.6m headline operating loss, though colder weather since late November has started to lift domestic volumes, while Food delivered a 32% rise in headline operating profit to £3.3m on higher throughput and cost restructuring benefits, and Feeds increased profit to £1.3m supported by stable milk and raw material prices and additional volume from a new moist feed line. Despite lower profits and net cash slipping to £0.8m following £5.5m of bolt-on Fuels acquisitions, the Group maintained its interim dividend at 1.0p, highlighted strong operating cash generation, substantial banking headroom and an improved pension position, and reaffirmed unchanged full-year expectations ahead of its seasonally more important second half.

The most recent analyst rating on (GB:NWF) stock is a Hold with a £144.00 price target. To see the full list of analyst forecasts on NWF Group plc stock, see the GB:NWF Stock Forecast page.

NWF Group Sets Date for Half-Year Results and Investor Presentation

NWF Group plc has announced it will publish its half-year results for the six months ended 30 November 2025 on 3 February 2026, accompanied by an analyst-focused presentation video hosted by chief executive Chris Belsham and chief financial officer Katie Shortland. The company will also hold a live online results presentation for existing and prospective shareholders via the Investor Meet Company platform later that morning, underscoring its efforts to enhance investor engagement and transparency around recent trading performance and outlook.

The most recent analyst rating on (GB:NWF) stock is a Hold with a £144.00 price target. To see the full list of analyst forecasts on NWF Group plc stock, see the GB:NWF Stock Forecast page.

NWF Group Issues New Shares to Agriculture MD, Updates Voting Rights

NWF Group plc has issued and allotted 9,556 new ordinary shares of 25 pence each to Rupert Phillips, Managing Director of NWF Agriculture, as part of an agreed compensation package linked to contractual benefits forfeited from his previous employer, taking his total holding to 102,203 shares. The new shares, which will rank pari passu with existing stock and are expected to be admitted to trading on AIM on 31 December 2025, increase the company’s issued share capital to 49,597,701 ordinary shares and slightly dilute existing shareholders while clarifying the new baseline for voting rights and regulatory shareholding disclosures.

The most recent analyst rating on (GB:NWF) stock is a Hold with a £144.00 price target. To see the full list of analyst forecasts on NWF Group plc stock, see the GB:NWF Stock Forecast page.