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Next 15 Group (NFG) Fair Value & Analysis

Communication Services · GB · Market cap 289M GBX

N1 Next 15 Group NFG · LSE
Price£2.58
Fair Value£6.54
Upside+154.0%
Quality97/100
Evidence: High Range £4.22 – £9.14

Fair value as of: Jun 25, 2026

From 15 valuation models · updated 4 days ago

Share price −12.3% over the past month.

Price vs Fair Value (12 months)

£4.21 £2.27 Fair Value £6.54 Jun 2025 Jun 2026

12‑month range £2.27 – £4.21 · fair‑value band £4.22 – £9.14 · the £2.58 price screens below the £6.54 fair value. As of Jun 25, 2026.

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Analysis

Next 15 Group (NFG) currently trades at £2.58, while our model-based Fair Value estimate is £6.54 — implying the stock looks roughly 154.0% undervalued today. We read business quality at 97/100 (high quality), in the Communication Services 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: high) — always confirm before acting.

Over the trailing twelve months, Next 15 Group generated revenue of £617M at a net margin of -4.9%. Revenue declined 10.9% year over year. It earns a return on equity of -9.5%. Net debt stands at £49.9M. Fundamentals as of Jun 25, 2026

Key figures & financial health

Revenue (TTM) 617M GBX
Revenue growth (YoY) -10.9%
Net margin -4.9%
Return on equity -9.5%
Free cash flow 44.8M GBX FY2026
Operating margin 2.1%
More key figures
EPS (TTM) £-0.1500
Dividend yield 5.3%
EPS growth (YoY) -54.2%
Net debt 49.9M GBX FY2026

Figures from reported company fundamentals (EODHD) · as of Jun 25, 2026. TTM = trailing twelve months.

About the company

Next 15 Group plc, together with its subsidiaries, engages in the data, technology, and activation businesses in the United Kingdom, the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates through five segments: Retail Media; Data and Research; Digital Transformation; Marketing and Communications; and Creative Services. The company is involved in growth consultancy; market research; data analytics; advertising; lead generation; shopper marketing; management consultancy; venture building; data and insights; customer engagement; digital marketing; and communications and business transformation. It provides its products and services under the Activate, Archetype, Brandwidth, elvis, M Booth, M Booth Health, MHP Group, Pretzl, Savanta, SMG, and Transform brands names. The company was formerly known as Next Fifteen Communications Group plc and changed its name to Next 15 Group plc in April 2023. Next 15 Group plc was incorporated in 1981 and is headquartered …

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Next 15 Group reported revenue of £617M in FY2026 versus £470M in FY2022, a compound +7.0%/yr. Reported net income was −£30.2M in FY2026.

Revenue +7.0%/yr
FY22 £470M
FY23 £721M
FY24 £735M
FY25 £730M
FY26 £617M
Net income
FY22 −£69.2M
FY23 £1.6M
FY24 £52.9M
FY25 £39.5M
FY26 −£30.2M

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Frequently asked questions

Is Next 15 Group (NFG) undervalued?
As of Jun 25, 2026, our model estimates a fair value of £6.54 versus a price of £2.58 — about +154% (undervalued). Model-based estimate, not financial advice.
What is the fair value of NFG?
Our 21-model fair value for Next 15 Group is £6.54 (as of Jun 25, 2026), built from audited fundamentals. The current price is £2.58.
What is the quality score of NFG?
Next 15 Group has a Quality Score of 97/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Next 15 Group (NFG)?
Next 15 Group reported trailing-twelve-month revenue of about £617M (latest available figure, as of Jun 25, 2026).
What is the net profit margin of NFG?
The net profit margin of Next 15 Group is about -4.9%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Next 15 Group pay a dividend?
Next 15 Group currently shows a dividend yield of about 5.34% relative to its recent price (as of Jun 25, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.