Lubin Investment · Screener · Methodology · Pricing

Fundamental analysis NAS.L (North Atlantic Smaller Cos Ord)

Updated on 07/19/2026

We analyzed North Atlantic Smaller Cos Ord stock against the 10 quality criteria of Lubin Investment. The company gets a quality score of 6/10, meaning medium quality, and a P/FCF valuation multiple of 5284.1×.

Sector: sector not specified. Listing: L. Current price: 420.00 GBp.

Lubin scoring methodology

North Atlantic Smaller Cos Ord (NAS.L)'s score is calculated automatically from 10 objective financial criteria, with no human intervention or opinion. Each criterion is validated (YES / PARTIAL / NO) based on thresholds drawn from the financial literature (Warren Buffett, Bettin-Mauboussin, Aswath Damodaran). The final score is the sum of validations.

The 10 quantitative criteria analyzed

  1. Profitable: positive net margin
  2. Growing revenue: revenue growing > 10%/year over 5 years
  3. Growing earnings per share: FCF per share adjusted for stock-based compensation, > 10%/year over 5 years
  4. Share count under control: stable or declining (net buybacks = value creation for shareholders)
  5. Cash profitability: free cash flow margin > 10% of revenue
  6. Expanding margins: operating margin widens over 5 years (operating leverage)
  7. Return on invested capital: Bettin-Mauboussin Cash ROCE > 15% per year
  8. Debt under control: net debt repayable in less than 3 years of free cash flow
  9. Earnings converted to cash: free cash flow exceeds accounting net income
  10. Net collection period: short or negative cash conversion cycle

Frequently asked questions

Is North Atlantic Smaller Cos Ord a quality stock?

North Atlantic Smaller Cos Ord gets a quality score of 6/10 (medium quality), calculated over the 10 Lubin Investment criteria: profitability, revenue and free cash flow growth, share buybacks, margins, debt and return on capital.

How is North Atlantic Smaller Cos Ord's score calculated?

The score is the total of validated criteria (YES / PARTIAL / NO) using thresholds drawn from the financial literature (Warren Buffett, Mauboussin, Aswath Damodaran), automatically and with no human opinion.

What is North Atlantic Smaller Cos Ord's P/FCF?

The price-to-free-cash-flow (P/FCF) multiple of North Atlantic Smaller Cos Ord stock is 5284.1×. At Lubin Investment, valuation is judged separately from quality.

Where to see North Atlantic Smaller Cos Ord's full analysis?

The full interactive analysis (10-criteria detail, history, P/FCF valuation, sector comparisons) is available at https://lubin-investment.com/analyse/NAS.L?lng=en.

Go further

👉 See the full interactive analysis of NAS.L

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