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Northamber plc (NAR) Fair Value & Analysis

Technology · GB · Market cap 6.1M GBX

NP Northamber plc NAR · LSE
Price£0.2250
Fair Value£0.2900
Upside+28.9%
Quality51/100
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Mixed Growth
Loss-making · -5.4% net margin
generates free cash flow
1.33% dividend yield
Trails peers (4/11)
Narrow moat 12/100
Evidence: Medium Range £0.2500 – £0.3200 Share as image

Fair value as of: Jul 17, 2026

From 8 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from £0.3000 to £0.2900 (−3.3%) since Jun 24, 2026. Share price +2.1% over the past month.

A solid business, screening 29% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (£0.2500). The market is more pessimistic than our downside scenario.
  • Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

£0.6477 £0.2066 Fair Value £0.2900 Oct 2015 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range £0.2066 – £0.6477 · fair‑value band £0.2500 – £0.3200 · the £0.2250 price screens below the £0.2900 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Northamber plc (NAR) currently trades at £0.2250, while our model-based Fair Value estimate is £0.2900, implying the stock looks roughly 28.9% undervalued today. The Quality Score stands at 51/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Northamber plc generated revenue of £70.5M at a net margin of -5.4%. Revenue grew 22.5% year over year. It earns a return on equity of -19.3%. The balance sheet holds a net cash position of £4.6M. Fundamentals as of Jul 17, 2026

Our scenario range runs from £0.2500 (bear case) to £0.3200 (bull case); at £0.2250, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Technology peers we cover trades at -33% fair-value upside, at 29%, NAR screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF £0.2400 £0.2500 £0.2700 72
Gordon GGM £0.0400 £0.0500 £0.0500 70
DDM Multi-Stage £0.0400 £0.0500 £0.0600 61
All 8 models by family
DCF Models
FCF DCF £0.2300 £0.2500 £0.2800 38
5Y Revenue Exit £0.2400 £0.2700 £0.3100 39
10Y Revenue Exit £0.2300 £0.2500 £0.2800 36
Dividend Discount
Gordon GGM £0.0400 £0.0500 £0.0500 70
DDM Multi-Stage £0.0400 £0.0500 £0.0600 61
Multiples
EV/Revenue £0.2500 £0.2900 £0.3200 43
Asset-Based
NCAV (Graham) £0.3300 £0.4500 £0.6600 50
Growth DCF
Growth DCF £0.2400 £0.2500 £0.2700 72

Widest divergence: Asset-Based (£0.4500) versus Dividend Discount (£0.0500). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) 70.5M GBX
Revenue growth (YoY) +22.5%
Net margin -5.4%
Return on equity -19.3%
Free cash flow 243K GBX FY2025
Operating margin -0.6%
More key figures
EPS (TTM) £-0.1400
Dividend yield 1.3%
EPS growth (YoY) -36.6%
Net cash 4.6M GBX FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 51 · Market factors (momentum, volatility) 41

Profitability 29
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 20
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 79
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Northamber plc engages in the supply of computer hardware, computer printers and peripheral products, computer telephony products, and other electronic transmission equipment in the United Kingdom.

Full company description

Northamber plc engages in the supply of computer hardware, computer printers and peripheral products, computer telephony products, and other electronic transmission equipment in the United Kingdom. The company provides audio visual products, such as brackets, mounts and trolleys, collaboration and conferencing, connectivity and control, digital signage software, interactive displays, lamps, livestream solutions, professional audio and displays, and projection; and computer accessories and components, dictation, disk and memory, laptop/desktop PCs, mice and keyboards, monitors, tablets, and virtual desktop. It offers endpoint and network security, networking, firewall feature licenses, and networking and security accessories; office products, printers, and scanners, as well as DM SW and solutions; and servers and infrastructure comprising infrastructure HW and SW, server component, servers, storage and backup, and UPS. In addition, the company offers desktop apps and server OS; and barcode solutions. It exports its products to the Republic of Ireland, the Channel Islands, Isle of Man, and members of the European Union. The company was incorporated in 1980 and is headquartered in Chessington, the United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Northamber plc reported revenue of £63.3M in FY2025 versus £60.0M in FY2021, a compound +1.3%/yr. Reported net income was −£4.0M in FY2025.

Growth Quality 30/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
£63.3M
Latest YoY
+13.0%
Avg. growth/yr (3Y) 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.
−1.5%
Avg. growth/yr (5Y) 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.
+3.7%
Avg. growth/yr (39Y) 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.
+2.8%
Revenue +1.3%/yr
FY21 £60.0M
FY22 £66.3M
FY23 £67.1M
FY24 £56.0M
FY25 £63.3M
Net income
FY21 £337K
FY22 −£442K
FY23 −£411K
FY24 −£1.3M
FY25 −£4.0M

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Cite: Fair Value Calculator (2026). "Northamber plc Fair Value". https://www.fairvalue-calculator.com/stock/NAR

Peer Group

Electronics & Computer Distribution · 151 stocks

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.

Quality Score 51 · Below median
Fair Value upside +29% · Top 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) -5% · Bottom 25%
Operating margin (TTM) -1% · Bottom 25%
Revenue growth 23% · Above median
Dividend yield (TTM) 1.3% · Below median

Valuation Multiples vs Electronics & Computer Distribution median · lower = cheaper

P/B 0.46× · Cheaper than 75% of peers
P/S (TTM) 0.12× · Cheaper than 75% of peers
P/FCF 33.9× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 72 · sector 14
FUTURE 100 · sector 57
PAST 0 · sector 36
HEALTH 0 · sector 98
DIVIDEND 27 · sector 39

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
TD SYNNEX Corporation SNX $251.52 $207.02 -18%
Unisplendour Corporation 000938 ¥38.59 ¥11.79 -69%
Rexel S.A RXL €38.59 €33.31 -14%
Arrow Electronics, Inc ARW $204.10 $115.40 -43%
Avnet, Inc AVT $87.13 $58.57 -33%
WPG Holdings 3702 106.50 TWD 102.31 TWD -4%
Shenzhen Huaqiang Industry Co 000062 ¥22.37 ¥7.52 -66%
Synnex Technology International Corporation 2347 85.30 TWD 86.30 TWD +1%
Nanjing Sunlord Electronics Corporation 300975 ¥37.37 ¥8.60 -77%
Beijing Tricolor Technology Co 603516 ¥106.52 ¥23.39 -78%

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Frequently asked questions

Is Northamber plc (NAR) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of £0.2900 versus a price of £0.2250, about +29% (undervalued).
What is the fair value of NAR?
Our model-based fair value for Northamber plc is £0.2900 (as of Jul 17, 2026), built from audited fundamentals. The current price is £0.2250.
What is the quality score of NAR?
Northamber plc has a Quality Score of 51/100. 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 revenue of Northamber plc (NAR)?
Northamber plc reported trailing-twelve-month revenue of about £70.5M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of NAR?
The net profit margin of Northamber plc is about -5.4%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Northamber plc pay a dividend?
Northamber plc currently shows a dividend yield of about 1.15% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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