Netcall plc (NET) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Netcall plc stock £1.14, price £1.29, that is 11.3% below the price, quality 55 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 31, 2026.
How to read this chart
60‑month range £0.5034 – £1.37 · fair‑value band £0.8800 – £1.42 · the £1.29 price screens above the £1.14 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 31, 2026.
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Netcall plc engages in the design, development, sale, and support of software products and services in the United Kingdom.
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The company offers Liberty Create, a low-code development platform for design, create, and deploy applications that automate tasks and optimise business operations; Liberty Converse CX, an AI-powered cloud contact centre solution; Liberty Spark, which provides visualizations of flows, decision points, and resources; Liberty IDP, an intelligent document processing tool that extracts and interprets data from a wide range of documents and emails, as well as classifying and processing information without human assistance; Liberty RPA, an AI-powered robotic process automation; and Liberty AI, a platform for customer experience, automation, and application development.
It also provides product support contracts; telephony and messaging; and consultancy, implementation, and training services.
The company serves its products to healthcare, local government, housing, insurance, financial services, rail and construction, utilities, and retail and consumer food industries. Netcall plc was incorporated in 1984 and is based in Bedford, the United Kingdom.
Stock analysis
Netcall plc (NET) currently trades at £1.29, while our model-based Fair Value estimate is £1.14, 11.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of £0.8700 per share, and 2 of the 24 models we run sit above the £1.29 price.
Bear case: the Earnings-Based group reads lowest at £0.1500, and 22 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: £0.8800 (bear) to £1.42 (bull), the price of £1.29 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 55/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Netcall plc reported revenue of £57.7M in FY2026 versus £30.5M in FY2022, a compound +17.3%/yr. Reported net income was £1.6M in FY2026, compounding −10.1%/yr from FY2022.
Key figures
Market cap £230M Small · P/E ratio 128.5 · P/S ratio 3.99 · EPS (TTM) £0.0100 · Dividend yield 0.9% · Net margin 2.7% · Return on equity 3.4% · Return on assets (EBIT) 6.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 34% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −18% fair-value upside, at −11%, NET screens cheaper than that median.
Fair Value models
Bear£0.8800Fair Value £1.14Bull£1.42
Price £1.29 · Downside -11.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+20.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+17.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.3%
Start year 2021 (pandemic). Over 10 years: +13.2% a year
Revenue growth 40 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.5%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
+24.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+24.0%
Dividend (yield on the price)0.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.6.6% vs −4.0%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.6% → 10%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+14.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+10.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about +11.7% a year for the price and +7.8% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Application · 623 stocks
Beats the industry median on 1/13 measures
Overall it trails its industry peers.
Valuation
Quality Score55 · Below median
Fair Value upside−11.3% · Below median
Profitability
Return on equity (12 months)3.4% · Below median
Return on assets1.5% · Below median
Net margin (12 months)2.7% · Below median
Operating margin (12 months)3.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)25.2% · Top 25%
Dividend yield (12 months)0.9% · Below median
Valuation Multiplesvs Software - Application median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Netcall plc Fair Value". https://www.fairvalue-calculator.com/stock/NET.LSE
Frequently asked questions
Is Netcall plc (NET) overvalued or undervalued?
As of Oct 31, 2026, our model estimates a fair value of £1.14 versus a price of £1.29, about 11% lower (overvalued).
What is the fair value of NET?
Our model-based fair value for Netcall plc is £1.14 (as of Oct 31, 2026), built from audited fundamentals. The current price: £1.29.
What is the quality score of NET?
Netcall plc has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Netcall plc (NET)?
Our model-based price target is the fair value of £1.14 (as of Oct 31, 2026) from 24 valuation models. Cautious scenario £0.8800, optimistic scenario £1.42. It is a calculation from audited fundamentals, not an analyst target.
What is the Netcall plc stock forecast for 2026?
Our models put fair value at £1.14, about 11% lower versus a price of £1.29 (overvalued). Cautious scenario £0.8800, optimistic scenario £1.42. The calculation is refreshed regularly with new filings.
What is the revenue of Netcall plc (NET)?
Netcall plc reported trailing-twelve-month revenue of about £57.7M (latest available figure, as of Oct 31, 2026).
Does Netcall plc pay a dividend?
Netcall plc currently shows a dividend yield of 0.86% relative to its recent price (as of Oct 31, 2026).
What growth is priced into Netcall plc (NET)?
For today's price to be fair in a discounted-cash-flow model, Netcall plc would have to grow free cash flow by +14.3 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +16.3 % per year. As of Oct 31, 2026.
What discount rate (WACC) does the fair value of NET use?
Our models discount Netcall plc at 11.8 %: a base by market capitalisation (micro), damped by beta 0.11, country premium for United Kingdom. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Netcall plc that is +14.3 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Netcall plc (NET) delivered so far?
Over the past 5 years revenue at Netcall plc grew +16.3 % a year. The price currently implies +14.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Netcall plc (NET) growing?
The median revenue growth in the sector is +11.0 % a year. That is the yardstick for the growth priced into Netcall plc (+14.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Netcall plc (NET)?
The free-cash-flow yield on the price is 4.59 %: that much free cash flow Netcall plc produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Netcall plc (NET)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Netcall plc it is £1.14 per share (as of Oct 31, 2026), against a price of £1.29. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Netcall plc stock overvalued or undervalued in 2026?
As of Oct 31, 2026, NET trades above its calculated fair value: price £1.29, fair value £1.14, a gap of about −11% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NET?
No. The price is what the market pays today (£1.29); the fair value is what the company's own numbers justify (£1.14). For Netcall plc the two are £0.1450 per share apart. That gap is exactly why we show both numbers side by side.
How much is Netcall plc worth?
The market values Netcall plc at about £230M (market capitalisation, as of Oct 31, 2026). Per share that is £1.29; our models calculate a fair value of £1.14 per share.
What do the bullish and bearish scenarios say about NET?
Our models span a range for Netcall plc: cautious scenario £0.8800, base £1.14, optimistic £1.42 per share (as of Oct 31, 2026, price £1.29). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NET?
Netcall plc trades at a price-to-earnings ratio of 128.5 (as of Oct 31, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £1.14 is built from several models across several years. Other multiples: P/B 4.7, P/S 4.0, EV/EBITDA 27.2.
How solid is the balance sheet of Netcall plc (NET)?
Balance-sheet figures for Netcall plc (as of Oct 31, 2026): return on equity 3.4%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is NET from its 52-week high?
Netcall plc trades at £1.29, about 6% below its 52-week high of £1.37 and 34% above the low of £0.9600 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of £1.14 is for.
Which stocks are comparable to Netcall plc?
From the same area (Technology) we also value SAP SE, Shopify Inc, Salesforce, Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Netcall plc stock attractive at the current price?
The data as of Oct 31, 2026: price £1.29, calculated fair value £1.14 (−11%), Quality Score 55/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NET calculated?
We run Netcall plc through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of £1.14, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. Netcall plc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Netcall plc (NET)?
The closing price on Oct 30, 2026 was £1.29. Our model-based fair value is £1.14, about 11% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Netcall plc right now?
The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Netcall plc (NET) come from?
Earnings per share at Netcall plc grew +5.1 % a year from 2015 to 2026. Broken into its drivers: revenue per share +10.1 %, EBIT margin +1.1 %, tax rate −3.3 %, residual (interest, one-offs) −2.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Netcall plc
How large is the market capitalisation of Netcall plc (NET)?
The market capitalisation of Netcall plc is £230M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Netcall plc (NET)?
The price-to-sales ratio of Netcall plc is 3.99 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Netcall plc (NET)?
Earnings per share at Netcall plc are £0.0100 (price ÷ EPS = P/E 128.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Netcall plc (NET)?
The dividend yield of Netcall plc is 0.9% (payout 110%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Netcall plc (NET)?
The net margin of Netcall plc is 2.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Netcall plc (NET)?
The return on equity (ROE) of Netcall plc is 3.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Netcall plc (NET)?
On an EBIT basis the return on assets of Netcall plc is 6.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Netcall plc (NET)?
The operating margin of Netcall plc is 3.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Netcall plc (NET)?
Revenue at Netcall plc is growing +25.2% versus a year earlier (3y avg +17.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Netcall plc (NET)?
Earnings per share at Netcall plc are growing −71.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Netcall plc (NET) hold?
Netcall plc holds more cash than debt, £20.1M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Broad data
Oct 31, 2026