# NB Private Equity Partners Limited (NBPU.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price $19.95, market value $974 million.

## Valuation
- **P/E (trailing): 1.8×** (5-yr avg 13.9×, 3-yr avg 21.4×). NB Private Equity Partners Limited trades at 1.8× trailing earnings, well below its own five-year average of 13.9×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 10.7×**. Each dollar of revenue is priced at 10.7×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 0.7×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 11.0×**. Enterprise value is 11.0× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 6.0%** (5-yr avg 5.2%). Free cash flow equals 6.0% of the market value, in line with its five-year average of 5.2%. Above 5% is generally attractive.
- **Earnings yield: 55.0%**. The inverse of the P/E: 55.0% of the price is earned each year.

## Profitability
- **Gross margin: 33.7%**. NB Private Equity Partners Limited keeps 33.7% of revenue after the direct cost of what it sells.
- **Operating margin: 39.7%**. 39.7% of revenue is left after running the business, an exceptional level.
- **Net margin: 383.7%**. 383.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 2.1%**. 2.1% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 2.2%**. Return on all capital, debt included, is 2.2%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 3.2%**. Each dollar of assets produces 3.2% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -88.2%** (3-yr -58.6%/yr, 5-yr -38.2%/yr). Revenue fell 88.2% over the last year, against -38.2% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 124.3%** (3-yr -46.9%/yr, 5-yr -8.6%/yr). Earnings per share rose 124.3%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -61.6%/yr**. Free cash flow has compounded at -61.6% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.
- **Cash and short-term investments: $54 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 4.64%** ($0.94 per share, trailing). NB Private Equity Partners Limited yields 4.64%, an income-level yield.
- **Payout ratio: 162%** (168% of free cash flow). The dividend exceeds earnings (162% payout), which is rarely sustainable outside REITs and one-off years.
- **Consecutive years of increases: 1**. 1 straight year of increases.
- **Dividend growth (5 yr): 10.4%/yr** (1-yr 0.0%). The dividend has compounded at 10.4% a year over five years, doubling roughly every 7 years at that pace.
- **Shareholder yield: 13.9%**. Dividends plus net buybacks return 13.9% of the market value a year.

## Price and momentum
- **Total return (1 yr): 10.3%** (YTD -1.9%, 3-mo 3.6%). The shares are up 10.3% over twelve months including dividends.
- **From 52-week high: -9.3%** (16.2% above the low). Trading 9% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 62**. An RSI of 62 is neutral.
- **Beta (1 yr): 0.07** (volatility 21%). Beta of 0.07 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NBPU.L · Page: https://foliofundamentals.com/stocks/nbpu.l

Not investment advice.