Ricardo plc

LSE:RCDO Stock Report

Market Cap: UK£267.5m

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Ricardo Future Growth

Future criteria checks 3/6

Ricardo's revenue is forecast to decline at 1% per annum while its annual earnings are expected to grow at 66% per year. EPS is expected to grow by 67.9% per annum. Return on equity is forecast to be 9.2% in 3 years.

Key information

66.0%

Earnings growth rate

67.93%

EPS growth rate

Professional Services earnings growth11.1%
Revenue growth rate-1.0%
Future return on equity9.22%
Analyst coverage

Good

Last updated03 Sep 2025

Recent future growth updates

Recent updates

Analysis Article • Jun 11

Ricardo plc (LON:RCDO) Surges 30% Yet Its Low P/S Is No Reason For Excitement

Despite an already strong run, Ricardo plc ( LON:RCDO ) shares have been powering on, with a gain of 30% in the last...
Analysis Article • May 03

Slowing Rates Of Return At Ricardo (LON:RCDO) Leave Little Room For Excitement

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...
Analysis Article • Apr 10

These 4 Measures Indicate That Ricardo (LON:RCDO) Is Using Debt Reasonably Well

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Mar 12

Ricardo (LON:RCDO) Is Paying Out Less In Dividends Than Last Year

Ricardo plc ( LON:RCDO ) has announced it will be reducing its dividend payable on the 11th of April to £0.017, which...
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New Narrative • Feb 09

Expansion Into North America And Middle East Will Open New Revenue Streams

Focus on decarbonization and environmental transition in key markets is expected to drive substantial revenue growth as demand for sustainable solutions increases.
Analysis Article • Feb 08

Need To Know: The Consensus Just Cut Its Ricardo plc (LON:RCDO) Estimates For 2025

The analysts covering Ricardo plc ( LON:RCDO ) delivered a dose of negativity to shareholders today, by making a...
Analysis Article • Jan 31

Ricardo plc's (LON:RCDO) 37% Share Price Plunge Could Signal Some Risk

The Ricardo plc ( LON:RCDO ) share price has fared very poorly over the last month, falling by a substantial 37%. The...
Analysis Article • Nov 08

Here's Why Shareholders May Want To Be Cautious With Increasing Ricardo plc's (LON:RCDO) CEO Pay Packet

Key Insights Ricardo's Annual General Meeting to take place on 14th of November CEO Tiemann Ritchie's total...
Analysis Article • Jan 18

With Ricardo plc (LON:RCDO) It Looks Like You'll Get What You Pay For

With a median price-to-sales (or "P/S") ratio of close to 0.7x in the Professional Services industry in the United...
Analysis Article • Oct 15

Ricardo's (LON:RCDO) Dividend Will Be Increased To £0.0861

Ricardo plc's ( LON:RCDO ) dividend will be increasing from last year's payment of the same period to £0.0861 on 24th...
Analysis Article • Sep 30

Ricardo (LON:RCDO) Has Announced That It Will Be Increasing Its Dividend To £0.0861

The board of Ricardo plc ( LON:RCDO ) has announced that it will be paying its dividend of £0.0861 on the 24th of...
Analysis Article • Sep 16

Ricardo's (LON:RCDO) Shareholders Will Receive A Bigger Dividend Than Last Year

The board of Ricardo plc ( LON:RCDO ) has announced that it will be increasing its dividend by 15% on the 24th of...
Analysis Article • Mar 04

Ricardo's (LON:RCDO) Dividend Will Be Increased To £0.0335

Ricardo plc ( LON:RCDO ) has announced that it will be increasing its periodic dividend on the 11th of April to...
Analysis Article • Oct 15

Ricardo (LON:RCDO) Is Increasing Its Dividend To £0.0749

The board of Ricardo plc ( LON:RCDO ) has announced that it will be paying its dividend of £0.0749 on the 25th of...
Analysis Article • Sep 17

Ricardo (LON:RCDO) Is Increasing Its Dividend To £0.0749

The board of Ricardo plc ( LON:RCDO ) has announced that it will be paying its dividend of £0.0749 on the 25th of...
Analysis Article • Mar 03

Is Ricardo plc (LON:RCDO) Trading At A 37% Discount?

Today we will run through one way of estimating the intrinsic value of Ricardo plc ( LON:RCDO ) by taking the expected...
Analysis Article • Jun 02

An Intrinsic Calculation For Ricardo plc (LON:RCDO) Suggests It's 32% Undervalued

How far off is Ricardo plc ( LON:RCDO ) from its intrinsic value? Using the most recent financial data, we'll take a...
Analysis Article • Apr 05

At UK£4.34, Is Ricardo plc (LON:RCDO) Worth Looking At Closely?

Ricardo plc ( LON:RCDO ), might not be a large cap stock, but it saw a significant share price rise of over 20% in the...
Analysis Article • Mar 01

Are Investors Undervaluing Ricardo plc (LON:RCDO) By 27%?

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Ricardo plc ( LON:RCDO...
Analysis Article • Feb 02

Could The Ricardo plc (LON:RCDO) Ownership Structure Tell Us Something Useful?

The big shareholder groups in Ricardo plc ( LON:RCDO ) have power over the company. Large companies usually have...

Earnings and Revenue Growth Forecasts

LSE:RCDO - Analysts future estimates and past financials data (GBP Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
6/30/2027436917416
6/30/202641843347
6/30/20253746-9157
12/31/2024476-1-66N/A
9/30/20244750516N/A
6/30/202447511526N/A
3/31/2024409-81021N/A
12/31/2023400-9415N/A
9/30/2023423-11212N/A
6/30/2023445-12-110N/A
3/31/2023428-11618N/A
12/31/2022411-101326N/A
9/30/2022396-12135N/A
6/30/202238083044N/A
12/31/202136152840N/A
9/30/202135232033N/A
6/30/202134401326N/A
3/31/2021338-61024N/A
12/31/2020324-14722N/A
9/30/2020338-10023N/A
6/30/2020352-6-724N/A
3/31/20203716-825N/A
12/31/201938918-825N/A
9/30/201938719025N/A
6/30/201938420925N/A
3/31/201938519824N/A
12/31/201838518722N/A
9/30/201838218N/A28N/A
6/30/201837918N/A34N/A
3/31/201837320N/A35N/A
12/31/201736723N/A36N/A
9/30/201735924N/A26N/A
6/30/201735225N/A15N/A
3/31/201734725N/A17N/A
12/31/201634225N/A18N/A
9/30/201633725N/A21N/A
6/30/201633226N/A23N/A
3/31/201631423N/A22N/A
12/31/201529521N/A21N/A
9/30/201527620N/A24N/A
6/30/201525819N/A27N/A
3/31/201525119N/A27N/A
12/31/201424519N/A27N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: RCDO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.7%).

Earnings vs Market: RCDO is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: RCDO is expected to become profitable in the next 3 years.

Revenue vs Market: RCDO's revenue is expected to decline over the next 3 years (-1% per year).

High Growth Revenue: RCDO's revenue is forecast to decline over the next 3 years (-1% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: RCDO's Return on Equity is forecast to be low in 3 years time (9.2%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/08 19:00
End of Day Share Price 2025/10/08 00:00
Earnings2024/12/31
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ricardo plc is covered by 3 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael TyndallHSBC
Benjamin BourneInvestec Bank plc (UK)
Jaroslaw PominkiewiczJefferies LLC