Are YouGov plc (LON:YOU) Investors Paying Above The Intrinsic Value?
Does the December share price for YouGov plc ( LON:YOU ) reflect what it's really worth? Today, we will estimate the...
Has the U.K. Media Industry valuation changed over the past few years?
|Sat, 04 Dec 2021||UK£48.3b||UK£26.6b||UK£407.2m||39.7x|
|Mon, 01 Nov 2021||UK£50.7b||UK£26.8b||UK£392.1m||31.2x|
|Wed, 29 Sep 2021||UK£52.3b||UK£26.7b||UK£358.6m||23.8x|
|Fri, 27 Aug 2021||UK£53.1b||UK£26.5b||UK£347.0m||24.3x|
|Sat, 03 Jul 2021||UK£50.2b||UK£26.5b||UK£346.1m||25.2x|
|Tue, 06 Apr 2021||UK£45.9b||UK£25.9b||-UK£1,789,656,856.09||29.5x|
|Fri, 08 Jan 2021||UK£41.3b||UK£25.5b||-UK£4,001,605,793.28||30.7x|
|Thu, 01 Oct 2020||UK£31.1b||UK£26.6b||-UK£3,410,080,254.42||26.5x|
|Sun, 05 Jul 2020||UK£31.9b||UK£27.1b||-UK£2,973,382,687.57||17x|
|Wed, 08 Apr 2020||UK£27.3b||UK£28.4b||-UK£445,814,763.08||14.3x|
|Tue, 31 Dec 2019||UK£47.4b||UK£29.7b||UK£2.0b||22.3x|
|Fri, 04 Oct 2019||UK£45.1b||UK£28.2b||UK£1.9b||25.7x|
|Mon, 08 Jul 2019||UK£43.9b||UK£27.9b||UK£2.2b||20.8x|
|Sun, 31 Mar 2019||UK£41.4b||UK£28.2b||UK£2.6b||19.4x|
|Wed, 02 Jan 2019||UK£40.1b||UK£28.5b||UK£2.5b||16.6x|
Current Industry PE: Investors are more optimistic on the industry, considering it's trading at a PE ratio of 39.3x which is higher than its 3-year average PE of 24.0x. It appears they are confident that earnings will grow faster in the future than they have historically.
Past Earnings Growth: The earnings for companies in the Media industry have declined 46% per year over the last three years, and revenues have also declined 2.3% per year. This means overall sales from these companies are declining and profits are subsequently falling as well.
Which industries have driven the changes within the U.K. Media industry?
Industry PE: Investors are most optimistic about the Publishing industry which is trading above its 3-year average PE ratio of 20.3x. However analysts are expecting annual earnings growth of 26%, which is lower than the prior year's growth of 59% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Broadcasting industry, which is trading below its 3-year average of 13.9x.
Forecasted Growth: Analysts are most optimistic on the Advertising industry, expecting annual earnings growth of 39% over the next 5 years. This is better than its past earnings decline of 27% per year. Meanwhile, the Broadcasting industry is expected to see its earnings grow by 11% per year over the next few years.
Which companies have driven the market over the last 7 days?
Daily Mail and General Trust
Next Fifteen Communications Group
Euromoney Institutional Investor