Reported Earnings • Jun 24
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: UK£0.33 (up from UK£0.31 in FY 2025). Revenue: UK£325.9m (down 9.7% from FY 2025). Net income: UK£27.0m (up 6.3% from FY 2025). Profit margin: 8.3% (up from 7.0% in FY 2025). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.2%. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • May 22
Final dividend increased to UK£0.12 Dividend of UK£0.12 is 5.0% higher than last year. Ex-date: 23rd July 2026 Payment date: 21st August 2026 Dividend yield will be 2.5%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 2.8% over the next 2 years. However, it would need to fall by 64% to increase the payout ratio to a potentially unsustainable range. New Risk • May 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • May 21
Bloomsbury Publishing Plc, Annual General Meeting, Jul 15, 2026 Bloomsbury Publishing Plc, Annual General Meeting, Jul 15, 2026. Reported Earnings • May 21
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: UK£0.33 (up from UK£0.31 in FY 2025). Revenue: UK£325.9m (down 9.7% from FY 2025). Net income: UK£27.0m (up 6.3% from FY 2025). Profit margin: 8.3% (up from 7.0% in FY 2025). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.2%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 16
Bloomsbury Publishing plc Appoints Jenny Ridout as Executive Director Bloomsbury Publishing PLC announced the appointment of Jenny Ridout, currently Managing Director of the Academic & Professional Division, as an Executive Director on the Board of Directors of Bloomsbury. Jenny Ridout has also been the leader in Artificial Intelligence and was instrumental in both the AI training deal announced in July and the partnership with Google announced in December. She recently studied for a Post Graduate Diploma in Artificial Intelligence for Business from the Sa?d Business School in Oxford. Bloomsbury is streamlining its operating structure, restructuring to three vertical business units, with each business unit operating with its own editorial, sales, marketing and publicity, rights and audio functions reporting directly into the managing director of each. The new structure positions the company for greater agility, clearer accountability and continued expansion: Bloomsbury Global Academic & Professional led by Jenny Ridout; Bloomsbury USA led by Sabrina McCarthy, who continues to lead US Consumer and now also assumes responsibility for US A&P sales and marketing, rights and audio activity; and Bloomsbury Consumer UK led by Kathleen Farrar, who becomes Managing Director of Consumer UK. Ian Hudson is retiring from his full time role and will remain with the company as a consultant to contribute to longer term strategic planning. Bloomsbury has consolidated central functions under Chief Finance & Operations Officer, Keith Underwood. These responsibilities will include Finance, Investor Relations, Commercial & Metadata, Operations, Royalties, Technology, Website and a central Project/Change Management office. Announcement • Mar 06
Bloomsbury Publishing Plc Announces Earning Guidance for the Year Ended February 28, 2026 and for the Year Ending February 28, 2027 Bloomsbury Publishing Plc Announced earning guidance for the year ended February 28, 2026 and for the year ending February 28, 2027. For the year ended February 28, 2026, Bloomsbury expects group profit to be in-line with market consensus expectations. This reflects the benefits of Bloomsbury's portfolio of portfolios strategy and includes a strong performance from the Academic division.
For the year ended February 28, 2027, Bloomsbury expects group profit to be materially ahead of market consensus expectations. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to UK£5.52, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 10x in the Media industry in the United Kingdom. Total returns to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£9.61 per share. Announcement • Mar 05
Bloomsbury Publishing Plc to Report Fiscal Year 2026 Results on May 20, 2026 Bloomsbury Publishing Plc announced that they will report fiscal year 2026 results at 8:00 AM, GMT Standard Time on May 20, 2026 Declared Dividend • Oct 26
First half dividend increased to UK£0.041 Dividend of UK£0.041 is 4.9% higher than last year. Ex-date: 30th October 2025 Payment date: 28th November 2025 Dividend yield will be 3.1%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but not covered by cash flows (110% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 24
Bloomsbury Publishing Plc Announces Interim Dividend, Payable on November 28, 2025 Bloomsbury Publishing Plc announced that the interim dividend will increase by 5% to 4.08 pence per share (H1 2024/25:3.89 pence). Bloomsbury reiterates its intention to increase the dividend for the full year in-line with market expectations.2The interim dividend will be paid on 28 November 2025 to Shareholders on the register on the record date of 31 October 2025. New Risk • Oct 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.6% Last year net profit margin: 9.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (110% cash payout ratio). Profit margins are more than 30% lower than last year (6.6% net profit margin). Significant insider selling over the past 3 months (UK£400k sold). Price Target Changed • Oct 23
Price target decreased by 7.5% to UK£7.56 Down from UK£8.17, the current price target is an average from 5 analysts. New target price is 47% above last closing price of UK£5.15. Stock is down 30% over the past year. The company is forecast to post earnings per share of UK£0.27 for next year compared to UK£0.31 last year. Recent Insider Transactions • Aug 31
Founder recently bought UK£99k worth of stock On the 27th of August, John Newton bought around 20k shares on-market at roughly UK£4.88 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, John has been a net seller over the last 12 months, reducing personal holdings by UK£143k. Recent Insider Transactions • Aug 14
Founder recently sold UK£242k worth of stock On the 12th of August, John Newton sold around 51k shares on-market at roughly UK£4.76 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. John has been a net seller over the last 12 months, reducing personal holdings by UK£659k. Recent Insider Transactions • Aug 06
Senior Independent Director recently bought UK£80k worth of stock On the 31st of July, Leslie-Ann Reed bought around 17k shares on-market at roughly UK£4.72 per share. This transaction increased Leslie-Ann's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold UK£606k more in shares than they bought in the last 12 months. Upcoming Dividend • Jul 17
Upcoming dividend of UK£0.12 per share Eligible shareholders must have bought the stock before 24 July 2025. Payment date: 22 August 2025. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (4.2%). Announcement • Jul 16
Bloomsbury Publishing plc Approves Final Dividend Bloomsbury Publishing Plc at its AGM held on July 16, 2025 approved a final dividend of 11.54 pence per Ordinary share. Announcement • Jul 16
Bloomsbury Publishing Plc to Report First Half, 2026 Results on Oct 23, 2025 Bloomsbury Publishing Plc announced that they will report first half, 2026 results on Oct 23, 2025 Declared Dividend • May 25
Final dividend increased to UK£0.12 Dividend of UK£0.12 is 5.0% higher than last year. Ex-date: 24th July 2025 Payment date: 22nd August 2025 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 7.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 23
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: UK£0.31 (down from UK£0.40 in FY 2024). Revenue: UK£361.0m (up 5.4% from FY 2024). Net income: UK£25.4m (down 21% from FY 2024). Profit margin: 7.0% (down from 9.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Media industry in the United Kingdom are expected to grow by 1.1%. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • May 22
Bloomsbury Publishing Plc, Annual General Meeting, Jul 16, 2025 Bloomsbury Publishing Plc, Annual General Meeting, Jul 16, 2025. Valuation Update With 7 Day Price Move • May 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to UK£5.24, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Media industry in the United Kingdom. Total returns to shareholders of 42% over the past three years. Announcement • May 22
Bloomsbury Publishing Plc Recommends Final Dividend, Payable on August 22,2025 Bloomsbury Publishing Plc recommended a final dividend of 11.54 pence per share, totaling £9.4m. Together with the interim dividend, this makes a total dividend for 2024/25 of 15.43 pence per share, a 5% increase on the 14.69 pence dividend for 2023/24 and a 31% increase versus 2022/23. Subject to Shareholder approval at AGM on 16 July 2025, the final dividend will be paid on 22 August 2025 to Shareholders on the register on the record date of 25 July 2025. Including the proposed 2024/25 final dividend, over the past ten years, the dividend per share has increased at a compound annual growth rate of 9.7%. Announcement • May 15
Bloomsbury Publishing Plc to Report Fiscal Year 2025 Results on May 22, 2025 Bloomsbury Publishing Plc announced that they will report fiscal year 2025 results on May 22, 2025 Announcement • Mar 20
Bloomsbury Appoints Dame Heather Rabbatts as A Non-Executive Director, Effective from 14 April 2025 Bloomsbury announced the appointment of Dame Heather Rabbatts to its Board as a Non-Executive Director with effect from 14 April 2025 and who will become a member of the Audit, Remuneration and Nomination Committees. She is the Senior Independent Director at Associated British Foods plc and M&C Saatchi Group PLC and was formerly a Non-Executive Director at Kier Group plc. Buy Or Sell Opportunity • Feb 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.9% to UK£6.18. The fair value is estimated to be UK£7.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to decline by 9.3% in 2 years. Earnings are forecast to decline by 22% in the next 2 years. Buy Or Sell Opportunity • Jan 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.9% to UK£6.40. The fair value is estimated to be UK£8.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to decline by 9.3% in 2 years. Earnings are forecast to decline by 22% in the next 2 years. Price Target Changed • Jan 25
Price target increased by 10% to UK£8.28 Up from UK£7.50, the current price target is an average from 5 analysts. New target price is 23% above last closing price of UK£6.72. Stock is up 43% over the past year. The company is forecast to post earnings per share of UK£0.28 for next year compared to UK£0.40 last year. Announcement • Jan 24
Bloomsbury Publishing Plc Provides Earnings Guidance for the Year Ending February 28, 2025 Bloomsbury Publishing Plc provided earnings guidance for the year ending February 28, 2025. For the year, the Board considered current consensus market expectation to be revenue of £334 Million and profit before taxation and highlighted items of £39.6 Million. Price Target Changed • Oct 29
Price target increased by 7.2% to UK£8.34 Up from UK£7.78, the current price target is an average from 3 analysts. New target price is 16% above last closing price of UK£7.16. Stock is up 80% over the past year. The company is forecast to post earnings per share of UK£0.26 for next year compared to UK£0.40 last year. Declared Dividend • Oct 27
First half dividend increased to UK£0.039 Dividend of UK£0.039 is 5.1% higher than last year. Ex-date: 31st October 2024 Payment date: 29th November 2024 Dividend yield will be 2.0%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 14% over the next 3 years. However, it would need to fall by 64% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Oct 25
First half 2025 earnings released: EPS: UK£0.20 (vs UK£0.14 in 1H 2024) First half 2025 results: EPS: UK£0.20 (up from UK£0.14 in 1H 2024). Revenue: UK£179.8m (up 32% from 1H 2024). Net income: UK£16.6m (up 48% from 1H 2024). Profit margin: 9.2% (up from 8.2% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Media industry in the United Kingdom are expected to grow by 1.5%. Over the last 3 years on average, earnings per share has increased by 27% per year and the company’s share price has also increased by 27% per year. Announcement • Oct 24
Bloomsbury Publishing plc Declares Interim Dividend, Payable on 29 November 2024 Bloomsbury Publishing Plc announced interim dividend will increase by 5% to 3.89 pence per share (H1 2023/24 3.70 pence). Bloomsbury has a progressive dividend policy and reiterates its intention to increase the dividend for the full year in-line with the Board's expectations. The interim dividend will be paid on 29 November 2024 to Shareholders on the register on the record date of 1 November 2024. Announcement • Sep 30
Bloomsbury Publishing Plc to Report First Half, 2025 Results on Oct 24, 2024 Bloomsbury Publishing Plc announced that they will report first half, 2025 results on Oct 24, 2024 Recent Insider Transactions • Aug 30
Founder recently sold UK£416k worth of stock On the 27th of August, John Newton sold around 58k shares on-market at roughly UK£7.13 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was John's only on-market trade for the last 12 months. Upcoming Dividend • Jul 18
Upcoming dividend of UK£0.11 per share Eligible shareholders must have bought the stock before 25 July 2024. Payment date: 23 August 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (3.4%). Announcement • Jul 17
Bloomsbury Publishing plc Declares a Final Dividend Bloomsbury Publishing Plc at its Annual General Meeting held on 16 July 2024 declared a final dividend of 10.99 pence per Ordinary share. Reported Earnings • Jun 18
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: UK£0.40 (up from UK£0.25 in FY 2023). Revenue: UK£342.7m (up 30% from FY 2023). Net income: UK£32.3m (up 60% from FY 2023). Profit margin: 9.4% (up from 7.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 2.5%. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 21% per year. Announcement • May 30
Bloomsbury Publishing Plc (LSE:BMY) acquired Business of The Rowman & Littlefield Publishing Group, Inc. from The Rowman & Littlefield Publishing Group, Inc. for $83 million. Bloomsbury Publishing Plc (LSE:BMY) acquired Business of The Rowman & Littlefield Publishing Group, Inc. from The Rowman & Littlefield Publishing Group, Inc. for $83 million on May 29, 2024. The consideration is $83 million of which $76 million has been satisfied in cash on completion and up to $7 million in escrow, will be satisfied in cash post completion. Bloomsbury has financed this acquisition from its own cash resources and a new $38m (£30m) three year term loan with Lloyds Bank Plc. For the year ended December 31, 2023, Rowman & Littlefield'sacademic publishing business generated revenue of $36 million and profit before tax of approximately $6 million, with gross assets of approximately $6 million. The Transaction constitutes a class 2 transaction for the purposes of the UK Financial Authority's Listing Rules and, as such, does not require approval by the Company's shareholders.Bloomsbury Publishing Plc (LSE:BMY) completed the acquisition of Business of The Rowman & Littlefield Publishing Group, Inc. from The Rowman & Littlefield Publishing Group, Inc. on May 29, 2024. Declared Dividend • May 26
First half dividend increased to UK£0.11 Dividend of UK£0.11 is 6.3% higher than last year. Ex-date: 25th July 2024 Payment date: 23rd August 2024 Dividend yield will be 2.7%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (70% cash payout ratio). The dividend has increased by an average of 9.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend. Announcement • May 25
Bloomsbury Publishing Plc Recommends Final Dividend for Year Ended 29 February 2024, Payable on 23 August 2024 Bloomsbury Publishing Plc is recommending a final dividend of 10.99 pence per share, totalling £9.0 million. Together with the interim dividend, this makes a total dividend for year ended 29 February 2024 of 14.69 pence per share, a 25.0% increase on the 11.75 pence value of the dividend for 2022/23 and a 36.8% increase versus 2021/22. Subject to Shareholder approval at AGM on 16 July 2024, the final dividend will be paid on 23 August 2024 to Shareholders on the register on the record date of 26 July 2024. Announcement • May 23
Bloomsbury Publishing plc Announces Executive Changes Bloomsbury Publishing Plc announces that after seven years Sir Richard Lambert has given notice of his intention to retire as Chairman and step down as Director of the company with effect from the conclusion of the Annual General Meeting on 16 July 2024. John Bason, current Independent Non-Executive Director, will succeed Richard as Chairman, subject to re-election as a director. John Bason joined the Bloomsbury Board on 1 April 2022 and became Chair of the Remuneration Committee on 20 July 2022. He is a Chartered Accountant and brings a wealth of experience from his 40-year career in finance and international business. He was Finance Director at Associated British Foods plc from May 1999 until 28 April 2023. He was also formerly Non-Executive Director and Senior Independent Director at Compass Group PLC and a Trustee of Voluntary Service Overseas. He is an Independent Non-Executive Director and Chair of the Audit Committee at SSE plc, Chairman of the Primark Strategic Advisory Board and Chairman of the UK's leading food redistribution charity FareShare. New Risk • May 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended August 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.0% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported August 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to UK£5.50, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Media industry in the United Kingdom. Total returns to shareholders of 116% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£6.23 per share. Major Estimate Revision • Feb 16
Consensus revenue estimates increase by 14% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from UK£291.4m to UK£331.2m. EPS estimate increased from UK£0.291 to UK£0.401 per share. Net income forecast to grow 27% next year vs 23% growth forecast for Media industry in the United Kingdom. Consensus price target up from UK£5.58 to UK£5.98. Share price rose 16% to UK£5.50 over the past week. Price Target Changed • Feb 15
Price target increased by 9.6% to UK£5.98 Up from UK£5.45, the current price target is an average from 2 analysts. New target price is 15% above last closing price of UK£5.18. Stock is up 18% over the past year. The company is forecast to post earnings per share of UK£0.40 for next year compared to UK£0.25 last year. Announcement • Jan 15
Bloomsbury Publishing plc Appoints Tamsin Garrity as Head of Investor Relations Bloomsbury Publishing Plc announced the appointment of Tamsin Garrity as Head of Investor Relations, effective from 8 January 2024. In the newly created role, Tamsin will report to Chief Executive Nigel Newton and Group Finance Director Penny Scott-Bayfield. Tamsin forged her career over two decades as an Equity Research Analyst focusing on European Media, working at investment banks including Jefferies and UBS. Tamsin has extensive experience in analysing media companies, financial models, writing research, M&A and communicating with fund managers, analysts and equity sales forces. Major Estimate Revision • Dec 08
Consensus EPS estimates increase by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from UK£274.2m to UK£291.4m. EPS estimate increased from UK£0.25 to UK£0.291 per share. Net income forecast to grow 6.2% next year vs 17% growth forecast for Media industry in the United Kingdom. Consensus price target up from UK£5.45 to UK£5.58. Share price rose 9.5% to UK£4.60 over the past week. New Risk • Dec 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Dec 07
Bloomsbury Publishing Plc Provides Earnings Guidance for the Year Ending 29 February 2024 Bloomsbury Publishing Plc provided earnings guidance for the year ending 29 February 2024. For the year, the company expects revenue to be comfortably ahead and profit before taxation and highlighted items materially ahead of current market expectations of revenue of £274.2 million and profit before taxation and highlighted items of £32.9 million. Reported Earnings • Oct 29
First half 2024 earnings released: EPS: UK£0.14 (vs UK£0.13 in 1H 2023) First half 2024 results: EPS: UK£0.14 (up from UK£0.13 in 1H 2023). Revenue: UK£136.7m (up 11% from 1H 2023). Net income: UK£11.2m (up 11% from 1H 2023). Profit margin: 8.2% (in line with 1H 2023). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 15% per year and the company’s share price has also increased by 15% per year. Announcement • Oct 27
Bloomsbury Publishing plc Proposes Interim Dividend, Payable 1 December 2023 Bloomsbury Publishing Plc proposed interim dividend of 3.70 pence per ordinary share will be paid to the equity Shareholders on 1 December 2023 to Shareholders registered at close of business on 3 November 2023. Recent Insider Transactions • Sep 04
Founder recently sold UK£447k worth of stock On the 30th of August, John Newton sold around 110k shares on-market at roughly UK£4.05 per share. This transaction amounted to 6.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was John's only on-market trade for the last 12 months. Announcement • Jul 21
Bloomsbury Publishing plc Approves Final Dividend for the Year 2022 Bloomsbury Publishing Plc announced that at its AGM held on July 18, 2023, shareholders approved the final dividend of 10.34 pence per ordinary share. Upcoming Dividend • Jul 20
Upcoming dividend of UK£0.10 per share at 2.6% yield Eligible shareholders must have bought the stock before 27 July 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (3.2%). Announcement • Jul 18
Bloomsbury Publishing Plc to Report First Half, 2024 Results on Oct 26, 2023 Bloomsbury Publishing Plc announced that they will report first half, 2024 results on Oct 26, 2023 Major Estimate Revision • Jun 07
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from UK£0.259 to UK£0.232 per share. Revenue forecast steady at UK£272.7m. Net income forecast to shrink 5.6% next year vs 41% growth forecast for Media industry in the United Kingdom . Consensus price target up from UK£4.88 to UK£5.25. Share price rose 10.0% to UK£4.51 over the past week. Reported Earnings • Jun 01
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: UK£0.25 (up from UK£0.21 in FY 2022). Revenue: UK£264.1m (up 15% from FY 2022). Net income: UK£20.2m (up 20% from FY 2022). Profit margin: 7.7% (up from 7.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 2.2%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 24% per year. Announcement • May 31
Bloomsbury Publishing Plc, Annual General Meeting, Jul 18, 2023 Bloomsbury Publishing Plc, Annual General Meeting, Jul 18, 2023. Major Estimate Revision • Mar 16
Consensus EPS estimates increase by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from UK£240.3m to UK£260.8m. EPS estimate increased from UK£0.22 to UK£0.251 per share. Net income forecast to grow 15% next year vs 29% growth forecast for Media industry in the United Kingdom. Consensus price target up from UK£4.40 to UK£4.88. Share price rose 5.2% to UK£4.53 over the past week. Price Target Changed • Mar 15
Price target increased by 13% to UK£4.88 Up from UK£4.30, the current price target is provided by 1 analyst. New target price is 9.1% above last closing price of UK£4.47. Stock is up 21% over the past year. The company is forecast to post earnings per share of UK£0.22 for next year compared to UK£0.21 last year. Buying Opportunity • Feb 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be UK£5.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to decline by 0.01% in 2 years. Earnings is forecast to grow by 0.2% in the next 2 years. Buying Opportunity • Jan 20
Now 20% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be UK£5.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to decline by 0.01% in 2 years. Earnings is forecast to grow by 0.2% in the next 2 years. Reported Earnings • Oct 26
First half 2023 earnings released: EPS: UK£0.13 (vs UK£0.10 in 1H 2022) First half 2023 results: EPS: UK£0.13 (up from UK£0.10 in 1H 2022). Revenue: UK£122.9m (up 22% from 1H 2022). Net income: UK£10.1m (up 18% from 1H 2022). Profit margin: 8.2% (down from 8.5% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 23% per year and the company’s share price has also increased by 23% per year. Upcoming Dividend • Jul 21
Upcoming dividend of UK£0.094 per share Eligible shareholders must have bought the stock before 28 July 2022. Payment date: 26 August 2022. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of British dividend payers (5.3%). In line with average of industry peers (2.8%). Reported Earnings • Jun 16
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: UK£0.21 (up from UK£0.17 in FY 2021). Revenue: UK£230.1m (up 24% from FY 2021). Net income: UK£16.9m (up 23% from FY 2021). Profit margin: 7.3% (down from 7.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 8.8%. Over the next year, revenue is forecast to grow 5.4%, compared to a 9.3% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to UK£4.30 Up from UK£4.00, the current price target is an average from 2 analysts. New target price is 5.8% above last closing price of UK£4.07. Stock is up 37% over the past year. The company is forecast to post earnings per share of UK£0.22 for next year compared to UK£0.17 last year. Major Estimate Revision • Mar 31
Consensus EPS estimates increase by 19% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from UK£207.6m to UK£223.2m. EPS estimate increased from UK£0.18 to UK£0.22 per share. Net income forecast to shrink 11% next year vs 41% growth forecast for Media industry in the United Kingdom . Consensus price target up from UK£4.00 to UK£4.28. Share price rose 18% to UK£4.24 over the past week. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improved over the past week After last week's 18% share price gain to UK£4.24, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 25x in the Media industry in the United Kingdom. Total returns to shareholders of 108% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£5.04 per share. Buying Opportunity • Mar 22
Now 21% undervalued Over the last 90 days, the stock is up 3.4%. The fair value is estimated to be UK£4.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% per annum over the last 3 years. Earnings per share has grown by 24% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 17% share price decline to UK£3.38, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Media industry in the United Kingdom. Total returns to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£4.67 per share. Buying Opportunity • Feb 21
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be UK£4.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.5% per annum over the last 3 years. Earnings per share has grown by 24% per annum over the last 3 years. 