NCC GROUP PLC Reports Increased Profit in H1 2023 Despite 14% Drop in Share Price.
March 18, 2023
Trending News ☀️
NCC ($LSE:NCC) Group plc, a global cybersecurity provider, reported an increase in their fiscal half-year profit for 2023 despite their share price dropping 14%. The company’s revenue grew, leading to the positive financial report. Despite this, NCC Group plc remained confident that they would perform well in the second half of the year and beyond.
Overall, the company’s financial report was promising, with a notable increase in their profits despite a decrease in their share price. NCC Group plc is expected to continue to expand and grow, providing essential services in the field of cybersecurity.
Price History
At the time of writing, media coverage of the news has been mainly positive. On Monday, NCC Group stock opened at £1.8 and closed at £1.6, down by 3.0% from its previous closing price of £1.7. Despite this drop in share price, NCC Group has reported increased profits in the first half of 2023, showing that the company is still performing well despite current market conditions. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ncc Group. More…
| Total Revenues | Net Income | Net Margin |
| 341.3 | 24.8 | 7.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ncc Group. More…
| Operations | Investing | Financing |
| 56.1 | -9.4 | -55.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ncc Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 552.7 | 249.8 | 0.97 |
Key Ratios Snapshot
Some of the financial key ratios for Ncc Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.9% | 22.9% | 11.0% |
| FCF Margin | ROE | ROA |
| 14.0% | 7.9% | 4.2% |
Analysis
GoodWhale has conducted a financial analysis of NCC GROUP and found that it is a high risk investment. Our Risk Rating system indicates that there are some financial and business risks associated with investing in NCC GROUP. When we looked at the income sheet and balance sheet of NCC GROUP, we detected two risk warnings that investors should take note of. To get more detailed information about the risks associated with investing in NCC GROUP, register on goodwhale.com. More…
Peers
The company offers a range of services, including penetration testing, managed detection and response, and application security testing. NCC Group PLC’s competitors include Osirium Technologies PLC, Softline Holding PLC, Quick Heal Technologies Ltd.
– Osirium Technologies PLC ($LSE:OSI)
Osirium Technologies PLC is a UK-based company that provides software solutions designed to make it easier for organisations to manage and secure their IT systems. The company has a market capitalisation of £1.27 million as of 2022 and a return on equity of 4585.92%. Osirium’s products are used by organisations of all sizes, including many Fortune 500 companies. The company’s software is designed to help organisations manage and secure their IT systems, and to make it easier for organisations to comply with regulatory requirements.
– Softline Holding PLC ($LSE:SFTL)
Softline is a global provider of Information Technology (IT) products and services. The company offers a range of services, including software development, cloud computing, and digital marketing. Softline has a market cap of 209.41M as of 2022 and a Return on Equity of 37.66%. The company’s strong financial performance is driven by its focus on delivering high-quality services to its clients.
– Quick Heal Technologies Ltd ($BSE:539678)
Write a paragraph on it’s market cap and ROE and a brief intro of what the company does:
With a market cap of 11.49B as of 2022, and a return on equity of 8.53%, Quick Heal Technologies Ltd is a company that provides various IT security solutions to protect against online and offline threats. These solutions include anti-virus, anti-spyware, anti-malware, and firewall protection, among others. The company also offers services such as website security, data protection, and email security.
Summary
NCC Group PLC reported a higher profit margin in the first half of 2023, despite a 14% decrease in their share price at the time of writing. Media coverage has largely been positive in response to this news, yet the stock price has still dropped. For potential investors, it is important to consider the factors that may have contributed to this decrease and analyze the sustainability of the company’s overall profitability.
It is also important to examine the performance of the company’s competitors and the wider industry as part of this process. With this data in hand, investors can make an informed decision about whether or not to invest in NCC Group PLC.
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