Tag Archives: Nortgate Plc

Northgate Plc (NTG): Just another vehicle rental/leasing company ?

northgate_logo

Business / Background:

Northgate is a UK based company that specialises in what they call “flexible rental” of smaller delivery vans to small businesses. My main interest in Northgate is not that I am so bullish on the UK and this sector, but that this company is somehow similar at least to the GoGetta part of Silverchef and I was looking for a peer company in order to be able to compare some metrics.

On a stand-alone basis, Northgate looks cheap:

Market cap: 570 mn GBP
P/E: 9,3
P/B: 1,1
EV/EBITDA 3,7
Div. Yield 4,1%

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