Future
Market Cap
UK£969.8m
Last Updated
2020/03/31 20:34 UTC
Data Sources
Company Financials +
Executive Summary
Future plc, together with its subsidiaries, publishes content for technology, gaming and entertainment, music, creative and photography, home interest, education, and television, as well as hobbies and knowledge, and B2B sectors primarily in the United States and the United Kingdom.
Rewards
Risk Analysis
Snowflake Analysis
Proven track record with reasonable growth potential.
Similar Companies
Share Price & News
How has Future's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FUTR's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
13.0%
FUTR
7.8%
GB Media
3.9%
GB Market
1 Year Return
29.9%
FUTR
-33.8%
GB Media
-22.4%
GB Market
Return vs Industry: FUTR exceeded the UK Media industry which returned -35.4% over the past year.
Return vs Market: FUTR exceeded the UK Market which returned -23% over the past year.
Shareholder returns
| FUTR | Industry | Market | |
|---|---|---|---|
| 7 Day | 13.0% | 7.8% | 3.9% |
| 30 Day | -13.5% | -26.5% | -16.1% |
| 90 Day | -31.0% | -41.4% | -26.1% |
| 1 Year | 30.0%29.9% | -31.0%-33.8% | -18.2%-22.4% |
| 3 Year | 550.6%452.5% | -41.4%-49.0% | -11.7%-23.1% |
| 5 Year | 665.9%550.4% | -41.7%-53.7% | 1.9%-21.5% |
Price Volatility Vs. Market
How volatile is Future's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
A Sliding Share Price Has Us Looking At Future plc's (LON:FUTR) P/E Ratio1 week ago | Simply Wall St
Why Future plc's (LON:FUTR) High P/E Ratio Isn't Necessarily A Bad Thing1 month ago | Simply Wall St
Can You Imagine How Elated Future's (LON:FUTR) Shareholders Feel About Its 747% Share Price Gain?Valuation
Is Future undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FUTR (£10) is trading below our estimate of fair value (£22.59)
Significantly Below Fair Value: FUTR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FUTR is poor value based on its PE Ratio (101.5x) compared to the Media industry average (17.9x).
PE vs Market: FUTR is poor value based on its PE Ratio (101.5x) compared to the UK market (12.4x).
Price to Earnings Growth Ratio
PEG Ratio: FUTR is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: FUTR is overvalued based on its PB Ratio (3.9x) compared to the GB Media industry average (0.8x).
Next Steps
Future Growth
How is Future forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
41.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FUTR's forecast earnings growth (41.2% per year) is above the savings rate (0.5%).
Earnings vs Market: FUTR's earnings (41.2% per year) are forecast to grow faster than the UK market (15.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FUTR's revenue (18.8% per year) is forecast to grow faster than the UK market (2.3% per year).
High Growth Revenue: FUTR's revenue (18.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FUTR's Return on Equity is forecast to be low in 3 years time (15.6%).
Next Steps
Past Performance
How has Future performed over the past 5 years?
68.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FUTR has a large one-off loss of £15.1M impacting its September 30 2019 financial results.
Growing Profit Margin: FUTR's current net profit margins (3.7%) are higher than last year (2.2%).
Past Earnings Growth Analysis
Earnings Trend: FUTR has become profitable over the past 5 years, growing earnings by 68.2% per year.
Accelerating Growth: FUTR's earnings growth over the past year (179.3%) exceeds its 5-year average (68.2% per year).
Earnings vs Industry: FUTR earnings growth over the past year (179.3%) exceeded the Media industry -1.8%.
Return on Equity
High ROE: FUTR's Return on Equity (3.8%) is considered low.
Next Steps
Financial Health
How is Future's financial position?
Financial Position Analysis
Short Term Liabilities: FUTR's short term assets (£51.0M) do not cover its short term liabilities (£116.6M).
Long Term Liabilities: FUTR's short term assets (£51.0M) do not cover its long term liabilities (£56.4M).
Debt to Equity History and Analysis
Debt Level: FUTR's debt to equity ratio (22%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if FUTR's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Inventory Level: FUTR has a low level of unsold assets or inventory.
Debt Coverage by Assets: FUTR's debt is covered by short term assets (assets are 1.1x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: FUTR is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: FUTR is profitable, therefore cash runway is not a concern.
Next Steps
Dividend
What is Future's current dividend yield, its reliability and sustainability?
0.10%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FUTR's dividend (0.1%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (2.69%).
High Dividend: FUTR's dividend (0.1%) is low compared to the top 25% of dividend payers in the UK market (7.48%).
Stability and Growth of Payments
Stable Dividend: FUTR is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.
Growing Dividend: FUTR is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: FUTR is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FUTR's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.2yrs
Average management tenure
CEO
Zillah Byng-Thorne (44yo)
5.83s
Tenure
UK£5,678,000
Compensation
Ms. Zillah Byng-Thorne has been an Independent Non-Executive Director of Paddy Power Betfair plc since February 2, 2016. She has been the Chief Executive Officer of Future PLC since April 1, 2014 and has b ...
CEO Compensation Analysis
Compensation vs Market: Zillah's total compensation ($USD7.04M) is above average for companies of similar size in the UK market ($USD1.91M).
Compensation vs Earnings: Zillah's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 5.83yrs | UK£5.68m | 0.49% £4.7m | |
| Chief Strategy Officer | 0.17yr | UK£3.87m | 0.54% £5.2m | |
| Chief Operating Officer | 0.67yr | no data | no data | |
| Chief Technology Officer | no data | no data | no data | |
| Group Marketing Director | no data | no data | no data | |
| Global Editor In Chief of Gamesradar+ | no data | no data | no data | |
| Managing Director of Australia | no data | no data | no data | |
| Managing Director of eCommerce | 1.17yrs | no data | no data | |
| Managing Director Commercial & Home Interest | no data | no data | no data | |
| U.S. Chief Revenue Officer | 2.17yrs | no data | no data |
1.2yrs
Average Tenure
Experienced Management: FUTR's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 5.83yrs | UK£5.68m | 0.49% £4.7m | |
| Independent Non-Executive Chairman | 2yrs | UK£120.00k | 0.025% £245.0k | |
| Senior Independent Non-Executive Director | 1.42yrs | UK£53.00k | no data | |
| Independent Non-Executive Director | 2yrs | UK£50.00k | 0.0090% £87.5k | |
| Independent Non-Executive Director | no data | no data | no data | |
| Non-Executive Director | 1.42yrs | UK£45.00k | no data |
2.0yrs
Average Tenure
61yo
Average Age
Experienced Board: FUTR's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FUTR insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 44.5%.
Top Shareholders
Company Information
Future plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Future plc
- Ticker: FUTR
- Exchange: LSE
- Founded: 1985
- Industry: Publishing
- Sector: Media
- Market Cap: UK£969.826m
- Shares outstanding: 96.98m
- Website: https://www.futureplc.com
Number of Employees
Location
- Future plc
- Quay House
- The Ambury
- Bath
- Somerset
- BA1 1UA
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FUTR | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jun 1999 |
| FNWA | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jun 1999 |
| FUTRL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jun 1999 |
Biography
Future plc, together with its subsidiaries, publishes content for technology, gaming and entertainment, music, creative and photography, home interest, education, and television, as well as hobbies and knowledge, and B2B sectors primarily in the United States and the United Kingdom. It operates in two segments, Media and Magazine. The Media segment provides e-commerce, events, and digital advertising services. The Magazine segment creates specialist magazines and bookazines. The company also operates online sites; and offers digital and print licensing, and audience insight services. Future plc was founded in 1985 and is based in Bath, the United Kingdom.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/31 20:34 |
| End of Day Share Price | 2020/03/31 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/09/30 |
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 here.