# NCC Group plc (NCC.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Technology / Software. Price 137p, market value 378 millionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). NCC Group plc reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 0.7×**. Each dollar of revenue is priced at 0.7×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 2.5×**. The shares trade at 2.5× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 15.2%** (5-yr avg 0.1%). Free cash flow equals 15.2% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Gross margin: 34.3%**. NCC Group plc keeps 34.3% of revenue after the direct cost of what it sells.
- **Operating margin: -7.1%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: 4.5%**. 4.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 5.4%**. 5.4% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: -15.7%**. Return on all capital, debt included, is -15.7%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -4.3%**. Each dollar of assets produces -4.3% of profit.

## Growth
- **Revenue growth (1 yr): -16.1%** (3-yr -15.7%/yr, 5-yr -5.8%/yr). Revenue fell 16.1% over the last year, against -5.8% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -46.0%** (5-yr -3.5%/yr). Earnings per share fell 46.0%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 14.1%/yr**. Free cash flow has compounded at 14.1% a year over three years.

## Financial health
- **Debt to equity: 0.35**. Debt is 0.35 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. NCC Group plc holds more cash than debt.
- **Interest coverage: -4.2×**. Operating profit covers interest only -4.2×: fragile.
- **Current ratio: 1.90** (quick 1.90). Current assets cover the next year's liabilities 1.90 times.
- **Altman Z-score: 2.65**. A Z-score of 2.65 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.33%** (0p per share, trailing). NCC Group plc yields 3.33%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 101%** (41% of free cash flow). The dividend exceeds earnings (101% payout), though free cash flow still covers it.
- **Dividend growth (5 yr): -8.4%/yr** (1-yr -35.5%). The dividend has not grown over five years.
- **Shareholder yield: 11.9%**. Dividends plus net buybacks return 11.9% of the market value a year.

## Price and momentum
- **Total return (1 yr): -2.3%** (YTD 2.0%, 3-mo -1.8%). The shares are down 2.3% over twelve months including dividends.
- **From 52-week high: -15.4%** (27.6% above the low). Trading 15% 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): 52**. An RSI of 52 is neutral.
- **Beta (1 yr): 0.21** (volatility 29%). Beta of 0.21 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.