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NARF Narf Industries Plc

1.25
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Narf Industries Plc LSE:NARF London Ordinary Share GB00BMH18M70 ORD GBP0.0001
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.25 490,894 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.20 1.30 1.25 1.25 1.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Related Svcs, Nec 2.55M -18.43M -0.0109 -1.15 21.16M
Last Trade Time Trade Type Trade Size Trade Price Currency
10:22:23 O 380,770 1.281 GBX

Narf Industries (NARF) Latest News

Narf Industries (NARF) Discussions and Chat

Narf Industries Forums and Chat

Date Time Title Posts
15/5/202411:53Narf cyber security161

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Narf Industries (NARF) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09:22:241.28380,7704,877.66O
09:06:341.2810,000128.20O
07:04:301.28100,1241,282.59O

Narf Industries (NARF) Top Chat Posts

Top Posts
Posted at 22/5/2024 09:20 by Narf Industries Daily Update
Narf Industries Plc is listed in the Computer Related Svcs, Nec sector of the London Stock Exchange with ticker NARF. The last closing price for Narf Industries was 1.25p.
Narf Industries currently has 1,692,481,100 shares in issue. The market capitalisation of Narf Industries is £21,156,014.
Narf Industries has a price to earnings ratio (PE ratio) of -1.15.
This morning NARF shares opened at 1.25p
Posted at 10/5/2024 16:46 by premium beeks
It just AT'd at the bid price, it's still up on the day.
Posted at 19/3/2024 08:11 by maccamcd
Hadron just supplying stock to long term institutional holders who the company met on the recent roadshow.Don't be swayed by Hadron sales. The PM is super bullish on NARF
Posted at 12/3/2024 17:05 by swiss paul
Gents - here from a pointer from MR B.

Seems v much US Defence orientated - and that is after listening to the presentation.

Share price seems to have hit its apogee after the recent presentation and thought the recent announcement would have took it higher.
Posted at 08/3/2024 07:45 by premium beeks
To be fair, threats are pretty static. But the landscape is changing. The big challenge coming up will be nation state actors in a more uncertain world. NARF well up to the challenge with their expertise and government links/contracts.
Posted at 04/3/2024 13:32 by johnyee 7
All these issues should keep Narf busy
Posted at 04/3/2024 13:06 by premium beeks
Exciting times for NARF.So much potential here in the current climate we have re: security landscape.
Posted at 04/3/2024 10:17 by fred buckle
A market professional sent me this research note.

Headline from Canaccord Genuity research dated 19 Feb 2024:
Price 0.7p. Market cap: £11.9m. Price target: 2.2p.

Canaccord Genuity view
Hidden cybersecurity growth gem with >200% upside potential

High-end cybersecurity services business with a $1bn TAM: Narf provides US government agencies such as the Department of Defense, DARPA and others with highly advanced cybersecurity threat intelligence, offensive and defensive 'mission' services as well as bespoke software solutions. Narf's track record as a trusted supplier creates sticky customer relationships and repeat revenue streams. The US government's growing focus on securing its IT and critical national infrastructure has led to material growth in cybersecurity budgets and we estimate Narf's current main agency counterparts spend up to $1bn p.a. here.

Rapidly scaling and turning profitable: In 2023 Narf more than doubled sales organically to $6m generating breakeven EBITDA and positive free cash flow. The secular demand drivers and sizeable TAM opportunity in our view support continued double-digit growth with our forecasts expecting a 28% sales CAGR accompanied by rapidly improving margins and cash generation from this year onwards.

A potential multiplier; initiating with Buy: As the company executes on expected growth and becomes sustainably profitable, the shares' current 1.3x 2025E EV/Sales and 8.6x P/E multiples look too low to us. With median cybersecurity peer EV/Sales of >2x and P/Es ranging from 15-26x (UK only), we see scope for a material re-rating over the next 12+ months. Should Narf achieve its $20m sales goal by 2027, then our bull case analysis indicates three-year upside potential to up to 3.7p/share.

Multiple growth themes

Narf's broad range of highly advanced and sometimes classified 'offensive' and 'defensive' cybersecurity services and missions for the US government focus primarily on threat intelligence, the protection of critical national infrastructure from bad actors and 'hardening' the US government's open source software estate to make it less vulnerable to cybersecurity threats. In addition, Narf retains software IP rights for most of its work which it can then commercialise with other government agencies and enterprises. This effort is still in its early stages, but we believe it could enable the company to build a fast-growing, recurring revenue stream that would materially improve visibility.

Three-year bull case upside potential to up to 3.7p/share

The rise in cyberattacks on US government IT and physical infrastructure creates high demand for Narf's cybersecurity services and has led to material budget increases at its three main agency counterparts (DARPA, DoD and DoE) with combined spending on cybersecurity now ~$1bn p.a. With every 1% of this market worth $10m in potential sales, the company has recently issued a $20m revenue ambition by 2027. Should Narf successfully achieve this target and the shares re-rate to a 3x or 4x P/Sales multiple then we estimate potential upside to 1.9-3.7p/share or 1.7x to >4x from current levels.

Target set at 2.2p; >200% upside potential

We set our target price at 2.2p/share based on a blend of two valuation approaches: 1) a 4x 2024E EV/Sales multiple and ~24x P/E based on growth-adjusted UK and global listed cybersecurity peers; with a 2/3 weighting; and 2) a 1/3 probability of the company achieving its 2027 target of $20m in sales valued at a 3x P/Sales multiple.
Posted at 03/3/2024 19:56 by premium beeks
Steve Bassi’s first job enabled him to get up to "teen mischief" on the computer systems of local businesses in the Californian farming town where he grew up. It proved to be just the start he needed to break into the world of cyber security, where the chief executive of Narf Industries is an expert in developing software that can detect threats and defend complex commercial and military computer networks from hackers.
Episode 12 of the All Points West Podcast takes us on a journey from Steve’s humble farming roots, through the Naval Research Laboratory and top secret US defence projects, his passion for Muay Thai kickboxing and listing Narf on the London Stock Exchange.
Posted at 03/3/2024 18:57 by johnyee 7
What happened to the the crypto, Polyswarm that narf used to be involved in?
Posted at 29/2/2024 14:26 by johnyee 7
Last broker note from Sept last year on the narf website.
Narf Industries share price data is direct from the London Stock Exchange