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Northamber

AIM:NAR
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NAR
AIM
£15M
Market Cap
  1. Home
  2. GB
  3. Tech
Company description

Northamber plc, together with its subsidiaries, distributes computers, peripheral equipment, and related services to resellers in the United Kingdom. The last earnings update was 30 days ago. More info.


Add to Portfolio Compare Print
  • Northamber has significant price volatility in the past 3 months.
NAR Share Price and Events
7 Day Returns
-5.3%
AIM:NAR
1.9%
GB Electronic
-3.3%
GB Market
1 Year Returns
84.5%
AIM:NAR
-8.3%
GB Electronic
-25%
GB Market
NAR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Northamber (NAR) -5.3% -20.1% 0.9% 84.5% 64.6% 37.2%
GB Electronic 1.9% -10.5% -19.1% -8.3% 19.7% 61.3%
GB Market -3.3% -19.5% -28.9% -25% -25.8% -24.1%
1 Year Return vs Industry and Market
  • NAR outperformed the Electronic industry which returned -8.3% over the past year.
  • NAR outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -25% over the past year.
Price Volatility
NAR
Industry
5yr Volatility vs Market

NAR Value

 Is Northamber undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Northamber to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Northamber.

AIM:NAR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in GBP £ .006000
Payout Ratio Company Filings (2019-12-31) -873.6%
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AIM:NAR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.093 (1 + (1- 19%) (0%))
1.318
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.32
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.318 * 6.07%)
8.53%

Discounted Cash Flow Calculation for AIM:NAR using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Northamber is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

AIM:NAR Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= £0.01 / (8.53% - 0.53%)
£0.05
AIM:NAR Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.05
Current discount Discount to share price of £0.54
= -1 x (£0.54 - £0.05) / £0.05
-1012.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Northamber is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Northamber's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Northamber's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:NAR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in GBP £0.30
AIM:NAR Share Price ** AIM (2020-04-02) in GBP £0.54
United Kingdom of Great Britain and Northern Ireland Electronic Industry PE Ratio Median Figure of 22 Publicly-Listed Electronic Companies 16.68x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.47x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Northamber.

AIM:NAR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:NAR Share Price ÷ EPS (both in GBP)

= 0.54 ÷ 0.30

1.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Northamber is good value based on earnings compared to the GB Electronic industry average.
  • Northamber is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Northamber's expected growth come at a high price?
Raw Data
AIM:NAR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Electronic Industry PEG Ratio Median Figure of 11 Publicly-Listed Electronic Companies 1.01x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 522 Publicly-Listed Companies 0.98x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Northamber, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Northamber's assets?
Raw Data
AIM:NAR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in GBP £0.91
AIM:NAR Share Price * AIM (2020-04-02) in GBP £0.54
United Kingdom of Great Britain and Northern Ireland Electronic Industry PB Ratio Median Figure of 34 Publicly-Listed Electronic Companies 1.69x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.08x
AIM:NAR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:NAR Share Price ÷ Book Value per Share (both in GBP)

= 0.54 ÷ 0.91

0.59x

* Primary Listing of Northamber.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Northamber is good value based on assets compared to the GB Electronic industry average.
X
Value checks
We assess Northamber's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Northamber has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

NAR Future Performance

 How is Northamber expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Northamber has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.9%
Expected Electronic industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Northamber expected to grow at an attractive rate?
  • Unable to compare Northamber's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Northamber's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare Northamber's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AIM:NAR Future Growth Rates Data Sources
Data Point Source Value (per year)
United Kingdom of Great Britain and Northern Ireland Electronic Industry Earnings Growth Rate Market Cap Weighted Average 9.9%
United Kingdom of Great Britain and Northern Ireland Electronic Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.6%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AIM:NAR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:NAR Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-12-31 52 -1 8
2019-09-30 51 -1 4
2019-06-30 50 -2 -1
2019-03-31 51 0 -1
2018-12-31 51 1 -1
2018-09-30 54 0 -1
2018-06-30 58 0 0
2018-03-31 59 -1 -1
2017-12-31 60 -2 -1
2017-09-30 59 -1 -1
2017-06-30 57 0 -1
2017-03-31 58 0 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Northamber is high growth as no earnings estimate data is available.
  • Unable to determine if Northamber is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:NAR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Northamber Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:NAR Past Financials Data
Date (Data in GBP Millions) EPS *
2019-12-31 0.30
2019-09-30 0.14
2019-06-30 -0.02
2019-03-31 -0.02
2018-12-31 -0.02
2018-09-30 -0.02
2018-06-30 -0.02
2018-03-31 -0.02
2017-12-31 -0.02
2017-09-30 -0.03
2017-06-30 -0.04
2017-03-31 -0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Northamber will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Northamber is trading at Northamber'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Northamber's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Tech companies here
  3. Northamber's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Northamber's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Northamber has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

NAR Past Performance

  How has Northamber performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Northamber's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Northamber has delivered over 20% year on year earnings growth in the past 5 years.
  • Northamber has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Northamber has become profitable in the last year making it difficult to compare the GB Electronic industry average.
Earnings and Revenue History
Northamber's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Northamber Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:NAR Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 52.37 8.10 5.35
2019-09-30 51.35 3.75 5.28
2019-06-30 50.33 -0.60 5.20
2019-03-31 50.52 -0.62 5.11
2018-12-31 50.71 -0.64 5.01
2018-09-30 54.42 -0.57 5.07
2018-06-30 58.14 -0.49 5.13
2018-03-31 59.04 -0.58 5.20
2017-12-31 59.94 -0.66 5.28
2017-09-30 58.62 -0.83 5.36
2017-06-30 57.29 -1.00 5.44
2017-03-31 57.81 -1.11 5.77
2016-12-31 58.33 -1.23 6.10
2016-09-30 60.08 -1.23 6.11
2016-06-30 61.84 -1.23 6.11
2016-03-31 62.05 -1.19 5.85
2015-12-31 62.25 -1.14 5.59
2015-09-30 63.85 -1.02 5.56
2015-06-30 65.45 -0.89 5.53
2015-03-31 66.90 -0.82 5.52
2014-12-31 68.35 -0.76 5.50
2014-09-30 65.61 -0.96 5.50
2014-06-30 62.87 -1.16 5.50
2014-03-31 64.53 -1.28 5.89
2013-12-31 66.19 -1.40 6.28
2013-09-30 71.86 -1.19 6.66
2013-06-30 77.52 -0.98 7.05

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Northamber has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Northamber used its assets more efficiently than the GB Electronic industry average last year based on Return on Assets.
  • It is difficult to establish if Northamber improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Northamber's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Northamber has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

NAR Health

 How is Northamber's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Northamber's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Northamber is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Northamber has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Northamber's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Northamber has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Northamber Company Filings, last reported 3 months ago.

AIM:NAR Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 24.98 0.00 14.68
2019-09-30 24.98 0.00 14.68
2019-06-30 16.64 0.00 3.45
2019-03-31 16.64 0.00 3.45
2018-12-31 16.94 0.00 2.93
2018-09-30 16.94 0.00 2.93
2018-06-30 17.52 0.00 5.07
2018-03-31 17.52 0.00 5.07
2017-12-31 17.86 0.00 2.25
2017-09-30 17.86 0.00 2.25
2017-06-30 18.07 0.00 4.97
2017-03-31 18.07 0.00 4.97
2016-12-31 18.58 0.00 4.36
2016-09-30 18.58 0.00 4.36
2016-06-30 19.12 0.00 5.47
2016-03-31 19.12 0.00 5.47
2015-12-31 19.92 0.00 3.81
2015-09-30 19.92 0.00 3.81
2015-06-30 20.47 0.00 5.44
2015-03-31 20.47 0.00 5.44
2014-12-31 21.23 0.00 2.65
2014-09-30 21.23 0.00 2.65
2014-06-30 21.52 0.00 5.08
2014-03-31 21.52 0.00 5.08
2013-12-31 22.16 0.00 5.33
2013-09-30 22.16 0.00 5.33
2013-06-30 22.85 0.00 6.14
  • Northamber has no debt.
  • Northamber has not taken on any debt in the past 5 years.
  • Northamber has no debt, it does not need to be covered by operating cash flow.
  • Northamber has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Northamber's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Northamber has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

NAR Dividends

 What is Northamber's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.12%
Current annual income from Northamber dividends.
If you bought £2,000 of Northamber shares you are expected to receive £22 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Northamber's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.67%).
  • Northamber's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.36%).
Upcoming dividend payment

Purchase Northamber before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AIM:NAR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Electronic Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 1.8%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 622 Stocks 6.1%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.4%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.7%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AIM:NAR Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2020-03-03 0.006 1.013
2019-11-25 0.006 1.111
2019-11-14 0.006 1.347
2019-03-08 0.002 0.561
2018-11-13 0.002 0.683
2018-09-20 0.002 0.693
2018-02-14 0.002 0.685
2017-11-17 0.002 0.738
2017-11-03 0.002 0.741
2017-03-27 0.002 0.640
2016-11-21 0.002 0.637
2016-10-28 0.002 0.665
2016-03-24 0.002 0.619
2015-11-19 0.006 1.704
2015-10-23 0.006 1.636
2015-03-12 0.006 1.516
2014-11-13 0.006 1.538
2014-10-30 0.006 1.520
2014-03-07 0.006 1.660
2013-10-07 0.006 1.682
2013-10-04 0.006 1.793
2013-02-27 0.011 3.459
2012-11-28 0.011 3.188
2012-09-27 0.011 3.002
2011-08-26 0.016 3.662
2010-09-07 0.020 3.522
2009-09-24 0.016 3.706

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Northamber is not paying a notable dividend for United Kingdom of Great Britain and Northern Ireland, therefore no need to check if the payments are stable.
  • Northamber is not paying a notable dividend for United Kingdom of Great Britain and Northern Ireland, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Northamber's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Northamber's dividends as it is not paying a notable one for United Kingdom of Great Britain and Northern Ireland.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Northamber's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Northamber afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Northamber has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

NAR Management

 What is the CEO of Northamber's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Northamber has no CEO, or we have no data on them.
Management Team

John Henry

TITLE
Operations Director & Executive Director
COMPENSATION
£87K
AGE
57
TENURE
8.3 yrs

S. Yoganathan

TITLE
CFO & Company Secretary

Alex Phillips

TITLE
Executive Director & Commercial Director
AGE
33
TENURE
0.2 yrs
Board of Directors Tenure

Average tenure and age of the Northamber board of directors in years:

0.8
Average Tenure
58
Average Age
  • The average tenure for the Northamber board of directors is less than 3 years, this suggests a new board.
Board of Directors

Geoff Walters

TITLE
Acting Independent Chairman
COMPENSATION
£20K
AGE
67
TENURE
0.3 yrs

John Henry

TITLE
Operations Director & Executive Director
COMPENSATION
£87K
AGE
57
TENURE
8.2 yrs

Alex Phillips

TITLE
Executive Director & Commercial Director
AGE
33
TENURE
0.2 yrs

Colin Thompson

TITLE
Non-Executive Director
COMPENSATION
£7K
AGE
59
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
X
Management checks
We assess Northamber's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Northamber has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

NAR News

Simply Wall St News

Calculating The Fair Value Of Northamber plc (LON:NAR)

Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) forecast 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF (£, Millions) £750.4k £783.7k £810.8k £833.5k £852.9k £869.9k £885.3k £899.5k £912.9k £925.8k Growth Rate Estimate Source Est @ 5.8% Est @ 4.43% Est @ 3.47% Est @ 2.8% Est @ 2.32% Est @ 2% Est @ 1.77% Est @ 1.6% Est @ 1.49% Est @ 1.41% Present Value (£, Millions) Discounted @ 8.48% £0.7 £0.7 £0.6 £0.6 £0.6 £0.5 £0.5 £0.5 £0.4 £0.4 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= £5.5m After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = UK£926k × (1 + 1.2%) ÷ (8.5% – 1.2%) = UK£13m Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = £UK£13m ÷ ( 1 + 8.5%)10 = £5.73m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is £11.24m. … AIM:NAR Intrinsic value, July 24th 2019 The assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

The Northamber (LON:NAR) Share Price Is Down 17% So Some Shareholders Are Getting Worried

View our latest analysis for Northamber Because Northamber is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … We note that for Northamber the TSR over the last 5 years was -13%, which is better than the share price return mentioned above. … You could get a better understanding of Northamber's growth by checking out this more detailed historical graph of earnings, revenue and cash flow.

Simply Wall St -

Who Are The Top Investors In Northamber plc (LON:NAR)?

Private Company Ownership Potential investors in NAR should also look at another important group of investors: private companies, with a stake of 3.32%, who are primarily invested because of strategic and capital gain interests. … However, an ownership of this size may be relatively insignificant, meaning that these shareholders may not have the potential to influence NAR's business strategy. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

Simply Wall St -

Northamber plc (LON:NAR): What Does It Mean For Your Portfolio?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … NAR’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … Therefore, investors may expect high beta associated with small companies, as well as those operating in the electronic industry, relative to those more well-established firms in a more defensive industry.

Simply Wall St -

Should You Wait Before Investing In Northamber plc (LON:NAR)?

Additional cash raising may dilute the value of your shares, and since Northamber is currently burning more cash than it is making, it’s likely the business will need funding for future growth. … The measure of how fast Northamber goes through its cash reserves over time is called the cash burn rate. … Now you know that even if the company was to continue to shrink its opex at this rate, it will not be able to sustain its operations given the current level of cash reserves.

Simply Wall St -

Want To Invest In Northamber plc (LON:NAR)? Here's How It Performed Lately

Check out our latest analysis for Northamber How NAR fared against its long-term earnings performance and its industry I look at data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … For Northamber, its latest earnings (trailing twelve month) is -UK£661.00K, which, against the previous year's level, has become less negative. … Each year, for the past five years Northamber has seen an annual decline in revenue of -12.08%, on average.

Simply Wall St -

What You Must Know About Northamber plc's (LON:NAR) Major Investors

In this article, I'm going to take a look at Northamber plc’s (AIM:NAR) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Private Company Ownership Potential investors in NAR should also look at another important group of investors: private companies, with a stake of 3.32%, who are primarily invested because of strategic and capital gain interests. … Thus, investors not need worry too much about the consequences of these holdings.What this means for you: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

Simply Wall St -

Are You Backing The Right Horse With Northamber plc (LON:NAR)?

Northamber plc (AIM:NAR), is a £7.60M small-cap, which operates in the tech hardware industry based in United Kingdom. … Tech analysts are forecasting for the entire hardware tech industry, a relatively muted growth of 1.02% in the upcoming year , and a single-digit 4.97% growth over the next couple of years. … AIM:NAR PE PEG Gauge Jan 29th 18 The tech hardware industry is trading at a PE ratio of 23x, in-line with the UK stock market PE of 18.5x.

Simply Wall St -

Before You Buy Northamber plc's (LON:NAR), You Should Consider This

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … Based on this beta value, NAR appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

Simply Wall St -

What's The Outlook For Loss-Making Northamber plc (LON:NAR)?

The single most important question to ask when you’re investing in a loss-making company is – will they need to raise cash again, and if so, when? … Cash burn is when a loss-making company spends its equity to fund its expenses before making money from its day-to-day business. … AIM:NAR Income Statement Jan 3rd 18 When will Northamber need to raise more cash?

Simply Wall St -

NAR Company Info

Description

Northamber plc, together with its subsidiaries, distributes computers, peripheral equipment, and related services to resellers in the United Kingdom. The company sells tablets, computer accessories, mice and keyboards, monitors, PCs, tablets, and VDI terminals; hard disks, SSDs, and memory and optical storage products; and visual accessories, AV accessories, large format visual solutions, digital signage products, and projectors. It also provides camera, color inkjet, color laser, labelling and barcoding, mono laser, scanner, and other print and imaging products, as well as printer consumables, scanning software, and scanner services; and add on cards, cases and PSU’s, cooling and fans, CPU’s, gaming peripherals, graphics cards, mother boards, multimedia and other products, and USB products. In addition, the company offers cables and cable accessories; backup and UPS accessories and services; cabinets, KVMS, servers, and enterprise software, as well as vendor and other services; and networking, physical security, and other security products. Further, it provides cloud, design and publishing, desktop, licensing, security, server, and speech software; EPoS and other services; and audio, conference phone, and home control products. The company also exports its products to the Republic of Ireland, the Channel Islands, Isle of Man, and members of the European Union. Northamber plc was incorporated in 1980 and is headquartered in Chessington, the United Kingdom.

Details
Name: Northamber plc
NAR
Exchange: AIM
Founded: 1980
£14,568,898
27,231,586
Website: http://www.northamber.com
Address: Northamber plc
Namber House,
23 Davis Road,
Chessington,
Surrey, KT9 1HS,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM NAR Ordinary Shares London Stock Exchange AIM Market GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
73
Northamber employees.
Industry
Technology Distributors
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 23:11
End of day share price update: 2020/04/02 00:00
Last earnings filing: 2020/03/03
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.