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Employees: 3,350
Size Next 15 (NFG.L) is a United Kingdom Communication Services company (Advertising/Marketing Services) with a market value of $458M, the 304th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £333.00 on 6 Nov 2026.
Performance Over six months the shares gained 23.1%, against -19.5% 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 14.1% over the last twelve months (peer median -0.3%); the operating margin is 7.9% (peer median 0.0%).
Valuation It trades at 7.9× forward earnings against a peer median of 15.5× (3rd cheapest of 10).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.1 points above its cost of capital (14.7% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £592M | £617M | £639M | £735M | £720M |
| Revenue growth | — | -3% | -13% | +2% | — |
| Gross profit | £93.0M | £92.6M | £95.2M | £144M | £147M |
| EBITDA | £72.0M | £64.4M | £88.4M | £131M | £134M |
| Net income | -£32.2M | -£30.2M | £39.5M | £52.9M | £1.62M |
| Free cash flow | £34.1M | £44.8M | £67.2M | £72.7M | £69.7M |
| Capital expenditure | £10.2M | £8.83M | £7.22M | £7.15M | £6.98M |
| Total debt | n/a | £138M | £151M | £124M | £63.0M |
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 | NFG.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +12.1% | -1.1% | 4th highest of 21 |
| 6-month return | +23.1% | -19.5% | 4th highest of 21 |
| Distance from 52-week high | -11.0% | -36.9% | 4th highest of 21 |
| Revenue growth (TTM) | -14.1% | -0.3% | 8th lowest of 21 |
| Operating margin | 7.9% | 0.0% | 6th highest of 20 |
| Forward P/E | 7.9× | 15.5× | 3rd cheapest of 10 |
| Growth the price implies (Req g, 7 yrs) | 8.4% | 6.8% | 6th most demanding of 13 |
| Growth delivered (Del g) | +13.8% | +10.6% | 5th highest of 13 |
| Hurdle (Req g minus delivered) | -5.4 pp | +3.3 pp | 6th least demanding of 13 |
| ROIC minus cost of capital | +4.1 pp | -6.3 pp | 4th highest of 20 |
| EV / EBITDA | 5.7× | 6.6× | 2nd cheapest of 8 |
| Net debt / EBITDA | 0.9× | 1.7× | 5th least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Next 15 NFG.L | United Kingdom | $458M | +23% | -14% | 8% | 7.9× | 8.4% | +13.8% |
| Simei Media 002712.SZ | China | $454M | +7% | +14% | 0% | n/a | 32.2% | +14.2% |
| Rego Interactive 2422.HK | Hong Kong | $443M | +105% | +96% | -5% | n/a | n/a | n/a |
| Boston Omaha BOC | United States | $410M | +20% | -2% | -5% | n/a | n/a | n/a |
| INNOCEAN Worldwide 214320.KS | South Korea | $518M | -11% | +2% | 8% | 6.0× | n/a | n/a |
| Advantage Solutions ADV | United States | $405M | -21% | +2% | 2% | n/a | 11.2% | +2.3% |
| Beijing Yuanlong Yato Culture Dissemination 002878.SZ | China | $557M | -27% | -21% | -2% | 33.2× | -2.9% | +8.6% |
| Adventure ADV.MI | Italy | $368M | -79% | +36% | -6% | n/a | n/a | n/a |
| Septeni 4293.T | Japan | $585M | +7% | +8% | 17% | 15.5× | -2.7% | +11.1% |
| Jiayun Technology 300242.SZ | China | $355M | -20% | -59% | -4% | n/a | n/a | n/a |
| VECTOR 6058.T | Japan | $605M | +64% | +9% | 16% | 15.4× | -3.9% | +11.3% |
| Qinghai Spring Medicinal Resources Technology 600381.SS | China | $345M | +12% | -11% | -44% | n/a | n/a | n/a |
| oOh media OML.AX | Australia | $611M | +28% | +2% | 15% | 13.5× | 7.8% | +10.1% |
| S4 Capital SFOR.L | United Kingdom | $343M | -6% | -6% | 5% | 6.3× | -7.2% | +17.1% |
| Shanxi Kexin Development 600234.SS | China | $649M | -32% | -23% | -11% | n/a | n/a | n/a |
| Chengdu B-Ray Media 600880.SS | China | $672M | -20% | -33% | -35% | 104.9× | 57.3% | -2.9% |
| New Huadu Technology Co., Ltd.Class A 002264.SZ | China | $676M | -23% | +8% | 5% | 23.7× | 5.7% | -9.3% |
| Guangdong Insight Brand Marketing 300781.SZ | China | $683M | -19% | -29% | n/a | n/a | 31.8% | +14.4% |
| Xi'An Global Printing 002799.SZ | China | $305M | -26% | -23% | 1% | n/a | n/a | n/a |
| QITIAN Technology 300061.SZ | China | $699M | -21% | -18% | -22% | n/a | 49.7% | -22.3% |
| GMO internet,Inc 4784.T | Japan | $724M | -34% | +81% | 12% | 17.7× | -11.2% | +17.9% |