Digital Walled Gardens Will Erode Traditional Agency Revenues

AnalystLowTarget

Not Invested

Consensus Narrative from 11 Analysts

Published

29 Jun 25

Updated

20 Aug 25

AnalystLowTarget's Fair Value

UK£3.50

14.6% overvalued

20 Aug

UK£4.01

-44.2%

6.6%

Author's Valuation

UK£3.5

14.6% overvalued

AnalystLowTarget Fair Value

Narrative

Updates0

AnalystLowTarget Fair Value

UK£3.5

14.6% overvalued

Future estimation in

% p.a.

Decrease

Increase

Current revenue growth rate

-11.28%

Media revenue growth rate

0.12%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

Decrease

Increase

Current discount rate

9.74%

Calculation

UK£430.38m

Earnings '28

11.55x

PE Ratio '28

UK£4.97b

Market Cap '28

UK£4.97b

Market Cap '28

1.07b

No. shares '28

UK£4.64

Share Price '28

UK£4.64 Share Price '28

Discounted to 2025 @ 9.80% p.a.

UK£3.50

Fair Value '25