Redde Northgate (67GX) AI Stock Analysis

• Market Cap: £660.18M
• Dividend Yield: N/A
• Average Volume (3M): 166.00
• Price to Earnings (P/E): ―
• Beta (1Y): >-0.01
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: 7,744
• Sector: Industrials
• Sector Strength: 64
• Industry: Rental & Leasing Services
• EPS (TTM): N/A
• Shares Outstanding: N/A
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 166
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.38
• Price to Cash Flow (P/CF): N/A
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Redde Northgate shows strong financial health with impressive growth in revenue and cash flow, supporting a solid financial performance score. However, the technical analysis highlights potential overbought conditions, and the lack of valuation data necessitates a cautious stance. The overall score reflects these strengths and uncertainties, indicating a moderately positive outlook in the corporate services sector.

Redde Northgate Business Overview & Revenue Model

Company Description

Redde Northgate plc is a leading integrated mobility solutions company operating in the UK, Ireland, and Spain. The company specializes in commercial vehicle rental, fleet management, and accident management services. It serves a broad range of customers, including businesses of all sizes and sectors, by providing them with tailored mobility solutions to enhance their operational efficiency.

How the Company Makes Money

Redde Northgate makes money through a diverse revenue model primarily based on vehicle rental and fleet management services. The company generates revenue from long-term rental agreements and short-term vehicle hire, catering to various business needs. Additionally, it offers fleet management services, which include vehicle procurement, maintenance, and disposal, providing a comprehensive package for businesses seeking to outsource their fleet operations. The accident management services further contribute to its income by offering claims management, repair, and legal services to customers involved in road traffic incidents. Significant partnerships with insurance companies and businesses enhance its service offerings, driving additional revenue through collaborative agreements and service contracts.

Redde Northgate Financial Statement Overview

Summary

Redde Northgate demonstrates a strong financial position with consistent revenue and profit growth, stable margins, and effective cash flow management. The strategic use of leverage and increasing equity are positive indicators of financial stability, despite slight increases in liabilities.

Income Statement

Redde Northgate exhibits strong revenue growth, with a notable increase in total revenue from £745 million in 2019 to £1.83 billion in 2024, representing a solid upward trajectory. The gross profit margin has been consistent, albeit slightly declining from 20.5% in 2019 to 23.6% in 2024. The net profit margin also reflects a healthy improvement from 6.9% in 2019 to 6.8% in 2024, showcasing stable profitability. EBIT and EBITDA margins remain robust, indicating efficient operational management.

Balance Sheet

The balance sheet of Redde Northgate shows a moderate debt-to-equity ratio, indicating a balanced approach to leveraging. The company's stockholders' equity has been steadily increasing, reaching over £1 billion in 2024, which is a positive sign of financial health. However, the equity ratio has shown a slight decline, suggesting an increase in liabilities relative to assets. Return on equity has remained stable, reflecting consistent returns to shareholders.

Cash Flow

Redde Northgate's cash flow statements reveal a strong growth in operating cash flows, which have nearly tripled from 2020 to 2024. The company maintains a positive free cash flow, which has shown consistent growth, indicating effective management of capital expenditures and a strong ability to generate cash. The operating cash flow to net income ratio is favorable, reinforcing the company's efficient cash generation relative to its net earnings.

Breakdown
Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
1.83B	1.49B	1.24B	1.11B	779.35M
	Gross Profit
432.89M	435.57M	346.21M	252.54M	157.90M
	EBIT
193.84M	199.52M	146.53M	77.92M	28.92M
	EBITDA
386.89M	396.53M	365.28M	294.08M	240.70M
	Net Income Common Stockholders
125.02M	139.24M	101.55M	65.57M	7.68M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
39.80M	14.12M	24.56M	11.17M	67.84M
	Total Assets
2.23B	2.11B	1.85B	1.72B	1.79B
	Total Debt
781.53M	708.56M	607.11M	541.51M	643.71M
	Net Debt
741.73M	694.43M	582.55M	530.34M	575.87M
	Total Liabilities
1.18B	1.11B	900.15M	807.06M	920.52M
	Stockholders Equity
1.04B	994.60M	946.76M	908.13M	871.57M
Cash Flow		Free Cash Flow
92.48M	75.19M	73.90M	128.58M	21.94M
	Operating Cash Flow
110.26M	84.32M	127.64M	137.88M	33.70M
	Investing Cash Flow
-17.80M	-15.21M	-47.44M	20.29M	812.00K
	Financing Cash Flow
-110.20M	-72.99M	-71.41M	-167.85M	-17.77M

Redde Northgate Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 35.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:67GX, the sentiment is Positive. The current price of 35 is below the 20-day moving average (MA) of 35.00, above the 50-day MA of 34.40, and above the 200-day MA of 33.77, indicating a neutral trend. The MACD of 0.15 indicates Positive momentum. The RSI at 100.00 is Negative, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:67GX.

Redde Northgate Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HLMA	77 Outperform	£10.05B	34.92	16.90%	0.82%	11.94%	20.48%
INCH	73 Outperform	£2.49B	6.26	18.69%	5.14%	-19.08%	57.32%
CAPD	72 Outperform	£127.87M	9.37	6.40%	4.43%	6.32%	-54.82%
VTU	70 Outperform	£187.99M	10.23	5.36%	4.01%	7.94%	-25.81%
67GX	65 Neutral	£660.18M	―		―	―	―
Sector *	63 Neutral	$4.26B	11.28	5.43%	215.24%	4.12%	-8.73%