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Is the Northgate share price (LON:NTG) cheap?

Jack Brumby

Northgate (LON:NTGis a mid cap in the Ground Freight & Logistics industry. The Company is engaged in the light commercial vehicle hire business in the United Kingdom, Ireland and Spain.

Right now the Northgate share price displays favourable value traits, as evidenced by its Value Rank of 83. Let's explore this in more detail.


Breaking down Northgate's Value Rank

We can see by using Northgate’s StockReport that the group has a:

  • Rolling price to book value of 0.78,
  • Trailing twelve month price to earnings ratio of 8.68
  • Trailing twelve month price to free cashflow of 19.5
  • Rolling dividend yield of 5.64%
  • Trailing twelve-month price to sales ratio of 0.59

This combination of financial traits suggests that Northgate stock might be good value at current levels, although further research is required if this is to be confirmed.

Studies indicate that combining factors such as Value, Quality and Momentum is a more effective way of outperforming the market over longer time frames. That's why we have constructed our StockReports to give an instant impression of how well exposed Northgate (LON:NTG) is to these three factors. We go into greater detail on factor investing in this video

Stockopedia helps you to identify return-enhancing factors such as Quality, Value and Momentum by analysing thousands of data points every day. To find out more about you find investment opportunities and analyse your portfolios then take one of our two-week free trials and have a look around.