# Northern Venture Trust (NVT.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 58p, market value 149 millionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Northern Venture Trust 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: 19.3×**. Each dollar of revenue is priced at 19.3×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 1.0×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 19.4×**. Enterprise value is 19.4× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 1.1%** (5-yr avg 0.4%). Free cash flow equals 1.1% of the market value, above its five-year average of 0.4%, so the shares are cheaper on cash than they have usually been.

## Profitability
- **Gross margin: 47.0%**. Northern Venture Trust keeps 47.0% of revenue after the direct cost of what it sells.
- **Operating margin: 79.1%**. 79.1% of revenue is left after running the business, an exceptional level.
- **Net margin: 184.6%**. 184.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 6.1%**. 6.1% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 6.0%**. Return on all capital, debt included, is 6.0%.
- **Return on assets: 5.4%**. Each dollar of assets produces 5.4% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -51.8%** (5-yr -17.5%/yr). Revenue fell 51.8% over the last year, against -17.5% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -6.8%** (5-yr -11.6%/yr). Earnings per share fell 6.8%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: 31 millionp**. 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: none**. Northern Venture Trust does not currently pay a dividend, but it returned -14.6% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): 1.0%** (YTD 9811.5%, 3-mo 9724.6%). The shares are up 1.0% over twelve months including dividends.
- **From 52-week high: -3.4%** (10354.5% above the low). Trading within 5% of 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): 68**. An RSI of 68 is neutral.

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

Not investment advice.