Ricardo Future Growth

Future criteria checks 4/6

Ricardo is forecast to grow earnings and revenue by 53.8% and 4.5% per annum respectively. EPS is expected to grow by 61.4% per annum. Return on equity is forecast to be 15% in 3 years.

Key information

53.8%

Earnings growth rate

61.4%

EPS growth rate

Professional Services earnings growth	11.6%
Revenue growth rate	4.5%
Future return on equity	15.0%
Analyst coverage	Good
Last updated	08 May 2024

Recent future growth updates

Recent updates

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

Jan 18

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

Oct 15

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

Sep 30

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

Jun 02

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

Apr 05

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

Mar 01

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

Feb 02

Would Shareholders Who Purchased Ricardo's (LON:RCDO) Stock Three Years Be Happy With The Share price Today?

Jan 05

Is It Time To Consider Buying Ricardo plc (LON:RCDO)?

Dec 15

Calculating The Intrinsic Value Of Ricardo plc (LON:RCDO)

Nov 24

Earnings and Revenue Growth Forecasts

LSE:RCDO - Analysts future estimates and past financials data (GBP Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2026	520	26	23	39	5
6/30/2025	474	22	18	34	7
6/30/2024	472	19	17	34	6
12/31/2023	457	-1	7	18	N/A
9/30/2023	451	-7	5	16	N/A
6/30/2023	445	-12	4	14	N/A
3/31/2023	428	-11	8	20	N/A
12/31/2022	411	-10	13	26	N/A
9/30/2022	396	-1	21	35	N/A
6/30/2022	380	8	30	44	N/A
12/31/2021	361	5	28	40	N/A
9/30/2021	352	3	20	33	N/A
6/30/2021	344	0	13	26	N/A
3/31/2021	338	-6	10	24	N/A
12/31/2020	324	-14	7	22	N/A
9/30/2020	338	-10	0	23	N/A
6/30/2020	352	-6	-7	24	N/A
3/31/2020	371	6	-8	25	N/A
12/31/2019	389	18	-8	25	N/A
9/30/2019	387	19	0	25	N/A
6/30/2019	384	20	9	25	N/A
3/31/2019	385	19	8	24	N/A
12/31/2018	385	18	7	22	N/A
9/30/2018	382	18	14	28	N/A
6/30/2018	379	18	20	34	N/A
3/31/2018	373	20	23	35	N/A
12/31/2017	367	23	25	36	N/A
9/30/2017	359	24	N/A	26	N/A
6/30/2017	352	25	N/A	15	N/A
3/31/2017	347	25	N/A	17	N/A
12/31/2016	342	25	N/A	18	N/A
9/30/2016	337	25	N/A	21	N/A
6/30/2016	332	26	N/A	23	N/A
3/31/2016	314	23	N/A	22	N/A
12/31/2015	295	21	N/A	21	N/A
9/30/2015	276	20	N/A	24	N/A
6/30/2015	258	19	N/A	27	N/A
3/31/2015	251	19	N/A	27	N/A
12/31/2014	245	19	N/A	27	N/A
9/30/2014	241	19	N/A	24	N/A
6/30/2014	236	19	N/A	22	N/A
3/31/2014	239	19	N/A	25	N/A
12/31/2013	241	19	N/A	28	N/A
9/30/2013	236	18	N/A	29	N/A
6/30/2013	230	17	N/A	29	N/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 (1.8%).

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 (4.5% per year) is forecast to grow faster than the UK market (3.7% per year).

High Growth Revenue: RCDO's revenue (4.5% per year) is forecast to grow slower than 20% 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 (15%).

Ricardo Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Price target increased by 9.1% to UK£6.34

Price target increased by 7.4% to UK£5.47

Consensus forecasts updated

Consensus forecasts updated

Price target raised to UK£5.25

Price target raised to UK£5.08

Recent updates

Ricardo plc Announces Resignation of Laurie Bowen as Non-Executive Director

Group CEO & Director recently bought UK£99k worth of stock

Ricardo plc, Annual General Meeting, Nov 14, 2024

First half dividend increased to UK£0.038

Ricardo plc Declares Interim Dividend, Payable on April 11, 2024

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

Upcoming dividend of UK£0.086 per share at 2.8% yield

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

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

Now 22% undervalued after recent price drop

Ricardo plc to Report Q2, 2024 Results on Mar 06, 2024

Chairman recently bought UK£103k worth of stock

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

Ricardo plc Declares Final Dividend, Payable on 24 November 2023

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 20% undervalued after recent price drop

Price target increased by 9.1% to UK£6.34

Ricardo plc, Annual General Meeting, Nov 16, 2023

Ricardo plc to Report Fiscal Year 2023 Results on Sep 13, 2023

Ricardo Appoints Judith Cottrell and the Board

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

First half 2023 earnings released: UK£0.24 loss per share (vs UK£0.056 profit in 1H 2022)

Now 23% undervalued

Ricardo plc to Report First Half, 2023 Results on Mar 01, 2023

Ricardo plc (LSE:RCDO) acquired 93% stake in E3-Modelling S.A for £24m.

Price target increased by 7.4% to UK£5.47

Now 21% undervalued

Insufficient new directors

Upcoming dividend of UK£0.075 per share

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

Insufficient new directors

Consensus forecasts updated

Ricardo plc, Annual General Meeting, Nov 17, 2022

Ricardo plc Announces Board Changes

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

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Ricardo plc Declares Final Dividend, Payable on 25 November 2022

Ricardo plc to Report Fiscal Year 2022 Results on Sep 14, 2022

Group CEO & Director recently bought UK£53k worth of stock

Now 20% undervalued after recent price drop

Now 21% undervalued after recent price drop

Consensus forecasts updated

Investor sentiment deteriorated over the past week

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

Upcoming dividend of UK£0.029 per share

First half 2022 earnings: EPS misses analyst expectations

Ricardo plc Declares Interim Dividend for the Year 2022, Payable on April 8, 2022

Faster Air Quality Mapping Thanks to Ricardo’s RapidAir Software

Upcoming dividend of UK£0.051 per share

CEO, MD of International Operations & Executive Director David Shemmans has left the company

Full year 2021 earnings released: EPS UK£0.029 (vs UK£0.12 loss in FY 2020)

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

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

First half 2021 earnings released: UK£0.027 loss per share (vs UK£0.12 profit in 1H 2020)

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

Price target raised to UK£5.25

Price target raised to UK£5.08

New 90-day high: UK£4.72

New 90-day high: UK£4.19

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

Dave Shemmans to Leave His Role as Ricardo's Chief Executive Officer

Ricardo plc to Report First Half, 2021 Results on Feb 25, 2021

New 90-day high: UK£4.03

Afc Energy plc Announces Strategic Collaboration with Ricardo plc to Develop Global Applications for Hydrogen Power Generation

Would Shareholders Who Purchased Ricardo's (LON:RCDO) Stock Three Years Be Happy With The Share price Today?

Is It Time To Consider Buying Ricardo plc (LON:RCDO)?

Calculating The Intrinsic Value Of Ricardo plc (LON:RCDO)

Ricardo plc has completed a Follow-on Equity Offering in the amount of £29.34406 million.

Price target lowered to UK£4.63