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Size NCC (NCC.L) is a United Kingdom Information Technology company (Information Technology Services) with a market value of $324M, the 354th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £160.60 on 6 Nov 2026.
Performance Over six months the shares gained 17.6%, against -2.3% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue fell 38.2% over the last twelve months (peer median +9.4%); the operating margin is -9.9% (peer median 8.9%).
Valuation It trades at 28.9× forward earnings against a peer median of 14.7× (4th most expensive of 13).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is -2%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 17.1 points below its cost of capital (10.3% WACC).
Next results Next results expected around 10 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | £200M | £239M | £342M | £335M | £315M |
| Revenue growth | — | -30% | +2% | +6% | — |
| Gross profit | £56.5M | £74.4M | £96.4M | £109M | £113M |
| EBITDA | -£10.3M | £8.70M | £8.40M | £40.2M | £54.6M |
| Net income | £9.10M | £17.1M | -£32.5M | -£4.60M | £23.0M |
| Free cash flow | £36.8M | £28.8M | £20.2M | £28.2M | £49.6M |
| Capital expenditure | £4.90M | £5.10M | £8.80M | £7.30M | £8.20M |
| Total debt | n/a | £22.8M | £103M | £114M | £158M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NCC.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.8% | -2.5% | 7th highest of 21 |
| 6-month return | +17.6% | -2.3% | 4th highest of 21 |
| Distance from 52-week high | -10.2% | -33.6% | 2nd highest of 21 |
| Revenue growth (TTM) | -38.2% | +9.4% | 2nd lowest of 21 |
| Operating margin | -9.9% | 8.9% | 6th lowest of 21 |
| Forward P/E | 28.9× | 14.7× | 4th most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | -4.1% | -2.3% | 7th least demanding of 16 |
| Growth delivered (Del g) | -2.0% | +6.2% | 4th lowest of 16 |
| Hurdle (Req g minus delivered) | -2.2 pp | -2.7 pp | 8th most demanding of 16 |
| ROIC minus cost of capital | -17.1 pp | +2.3 pp | 2nd lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| NCC NCC.L | United Kingdom | $324M | +18% | -38% | -10% | 28.9× | -4.1% | -2.0% |
| Piesat Information Technology 688066.SS | China | $323M | -55% | -81% | -1,364% | n/a | 52.9% | -12.0% |
| Infotel INF.PA | France | $321M | +3% | +5% | 9% | 12.1× | -14.4% | +4.6% |
| Fixstars 3687.T | Japan | $321M | +23% | +13% | 26% | 25.1× | 26.6% | +10.8% |
| Softcreate 3371.T | Japan | $328M | +9% | +12% | 18% | n/a | -12.5% | +7.2% |
| Turn Cloud Technology Service 6870.TWO | Taiwan | $318M | +159% | +35% | 24% | 49.0× | n/a | n/a |
| Soliton Systems K.K 3040.T | Japan | $316M | +51% | +12% | 18% | n/a | 1.8% | +3.7% |
| WebRAY Tech 688651.SS | China | $316M | -28% | -5% | -34% | n/a | n/a | n/a |
| R Systems International RSYSTEMS.NS | India | $336M | -11% | +24% | 13% | 13.6× | 14.7% | +17.3% |
| Aurionpro Solutions AURIONPRO.NS | India | $338M | -33% | +12% | 15% | 13.8× | n/a | n/a |
| Hangzhou Gisway Information Technology 301390.SZ | China | $308M | -2% | -35% | -10% | n/a | n/a | n/a |
| Shanghai Xinnanyang Only Education & Technology 600661.SS | China | $308M | -23% | +11% | 7% | 15.6× | -5.6% | -5.4% |
| Andes Technology 6533.TW | Taiwan | $343M | -12% | +26% | -21% | 61.3× | 24.6% | +20.5% |
| Alight ALIT | United States | $347M | -31% | -4% | 0% | 3.4× | 29.4% | -3.7% |
| Nanjing TDH Technology 301378.SZ | China | $347M | -26% | -2% | -39% | n/a | n/a | n/a |
| SRA 3817.T | Japan | $352M | 0% | -5% | 16% | 10.3× | -20.2% | +6.2% |
| DB Inc. 012030.KS | South Korea | $293M | +4% | +23% | 6% | n/a | -3.5% | +18.8% |
| I'LL 3854.T | Japan | $357M | -6% | +8% | 27% | 15.5× | -11.5% | +9.6% |
| Sword SWP.PA | France | $360M | +4% | +8% | 9% | 12.0× | -0.1% | +11.0% |
| Telos TLS | United States | $360M | +8% | +66% | -2% | 38.1× | -2.3% | -1.7% |
| JFE Systems 4832.T | Japan | $369M | -2% | -14% | 11% | n/a | -19.0% | +4.3% |