Future Future Growth
Future criteria checks 2/6
Future's revenue is forecast to decline at 0.4% per annum while its annual earnings are expected to grow at 12.6% per year. EPS is expected to grow by 17% per annum. Return on equity is forecast to be 8.5% in 3 years.
Key information
12.6%
Earnings growth rate
16.97%
EPS growth rate
| Media earnings growth | 30.2% |
| Revenue growth rate | -0.4% |
| Future return on equity | 8.49% |
| Analyst coverage | Good |
| Last updated | 18 May 2026 |
Recent future growth updates
Recent updates
Narrative Update • Apr 21
FUTR: AI Audience Engine Will Support Multiple Expansion Despite Recent Index Exit
Analysts have trimmed their price target on Future, cutting it by £4.85. They cite a slightly lower fair value estimate, reduced profit margin expectations and several recent downgrades, even as they factor in a modestly lower discount rate and a higher assumed future P/E multiple.Narrative Update • Apr 06
FUTR: Index Exit And AI Audience Engine Will Drive Sentiment Rebound
Analysts have cut their average price target for Future, with a reduction of £4.85 reflecting updated views on fair value, higher perceived risk, and softer assumptions for revenue growth and profit margins following a series of recent downgrades. Analyst Commentary Recent research updates on Future point to a more cautious tone, with several firms adjusting ratings and one major bank cutting its price target.Analysis Article • Apr 01
When Should You Buy Future plc (LON:FUTR)?
Future plc ( LON:FUTR ), is not the largest company out there, but it received a lot of attention from a substantial...Narrative Update • Mar 23
FUTR: Index Exit And Audience Data Engine Will Support Further Upside
Analysts have adjusted their price target for Future to £10.34. This reflects updated assumptions for discount rate, revenue growth, profit margins and future P/E that align the target more closely with their latest fundamental views.Narrative Update • Mar 09
FUTR: Dividend And Medium Term Guidance Will Support Further Upside
Analysts have made a small adjustment to their view on Future, nudging the price target slightly higher to reflect a modestly updated discount rate and future P/E assumption, while keeping fair value, revenue growth and profit margin expectations unchanged. Valuation Changes Fair Value: unchanged at £10.34 per share, with no adjustment to the underlying estimate.Narrative Update • Feb 23
FUTR: Dividend And Medium Term Guidance Will Support Further Upside
Analysts have trimmed their fair value estimate for Future from £11.68 to £10.34, reflecting updated assumptions for revenue growth, profit margins, and a lower future P/E multiple. What's in the News Future issued earnings guidance for fiscal year 2026, indicating expectations for modest organic revenue growth in line with current consensus, with a medium term target for sustainable revenue growth of 2 to 4% (company guidance).
Narrative Update • Feb 09
FUTR: Dividend Outlook And Modest Revenue Guidance Will Support Upside Potential
The analyst price target for Future has been adjusted from £18.75 to about £17.16, as analysts factor in updated assumptions on revenue growth, profit margins, the discount rate, and the expected future P/E multiple. What's in the News Future is guiding for fiscal year 2026 with expectations of modest organic revenue growth in line with current consensus, and medium term targets for sustainable revenue growth of 2% to 4% (company guidance).Narrative Update • Jan 25
FUTR: Dividend And Medium Term Revenue Framework Will Support Further Upside
Analysts have trimmed their price target for Future to $11.68, citing small shifts in the discount rate, revenue growth outlook, profit margin assumptions and expected future P/E, which together point to a slightly more cautious risk and return profile. What's in the News The board proposed a final dividend of 17.0 pence per share for the year ended 30 September 2025, subject to shareholder approval at the AGM, with payment expected on 11 February 2026 to shareholders on the register at close of business on 16 January 2026 (Key Developments).Narrative Update • Jan 11
FUTR: Dividend Policy And Medium Term Framework Will Support Further Upside
Analysts have adjusted their price target for Future slightly higher to reflect updated assumptions around discount rates, revenue growth, profit margins, and a modestly higher future P/E multiple, while keeping their view of fair value per share unchanged at about $11.68. What's in the News Board proposes a final dividend of 17.0 pence per share for the year ended 30 September 2025, subject to shareholder approval at the AGM, with payment expected on 11 February 2026 to shareholders on the register at close of business on 16 January 2026 (Key Developments).Narrative Update • Dec 27
FUTR Will Deliver Upside As Dividend Visibility And Earnings Outlook Improve
Analysts nudged their price target on Future modestly higher to align with an improved projected future P E multiple and slightly adjusted risk assumptions, resulting in an updated fair value estimate of approximately $11.68 per share, up from around $11.68 previously. What's in the News Future plc's board proposed a final dividend of 17.0 pence per share for the year ended 30 September 2025, subject to shareholder approval at the AGM.Analysis Article • Dec 20
Some Investors May Be Willing To Look Past Future's (LON:FUTR) Soft Earnings
Soft earnings didn't appear to concern Future plc's ( LON:FUTR ) shareholders over the last week. We did some digging...Narrative Update • Dec 13
FUTR Will Reward Upside As Digital Revenue Mix Strengthens
Narrative Update on Future The analyst price target for Future has been trimmed from £12.96 to £12.80 per share, as analysts factor in a slightly higher discount rate and more conservative profit margins, despite improved revenue growth expectations and a modestly lower future P E multiple. Analyst Commentary Recent commentary from JPMorgan and other bullish analysts highlights a broadly constructive stance on Future, even as valuation assumptions are nudged lower to reflect a more conservative outlook on execution risk and the rate environment.Analysis Article • Dec 09
Why Future plc (LON:FUTR) Could Be Worth Watching
Future plc ( LON:FUTR ), might not be a large cap stock, but it received a lot of attention from a substantial price...Analysis Article • Nov 05
Future plc's (LON:FUTR) Business And Shares Still Trailing The Market
With a price-to-earnings (or "P/E") ratio of 6.9x Future plc ( LON:FUTR ) may be sending very bullish signals at the...Analysis Article • Sep 25
Does Future (LON:FUTR) Have A Healthy Balance Sheet?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Aug 30
Is Now The Time To Look At Buying Future plc (LON:FUTR)?
Future plc ( LON:FUTR ), is not the largest company out there, but it saw a double-digit share price rise of over 10...Analysis Article • Jun 19
Does Future (LON:FUTR) Have A Healthy Balance Sheet?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • May 14
Is There Now An Opportunity In Future plc (LON:FUTR)?
While Future plc ( LON:FUTR ) might not have the largest market cap around , it saw a double-digit share price rise of...Analysis Article • Mar 17
Take Care Before Diving Into The Deep End On Future plc (LON:FUTR)
Future plc's ( LON:FUTR ) price-to-earnings (or "P/E") ratio of 12.3x might make it look like a buy right now compared...Analysis Article • Feb 19
Future (LON:FUTR) Has A Somewhat Strained Balance Sheet
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 • Jan 29
Is Now The Time To Look At Buying Future plc (LON:FUTR)?
While Future plc ( LON:FUTR ) might not have the largest market cap around , it saw a double-digit share price rise of...
New Narrative • Jan 24
GoCompare Diversification And US Expansion Will Drive Future Success
Strategic focus on digital advertising and sales expansion in the U.S. aims to boost revenue and capitalize on a large market.Analysis Article • Dec 08
The Market Lifts Future plc (LON:FUTR) Shares 25% But It Can Do More
Future plc ( LON:FUTR ) shares have had a really impressive month, gaining 25% after a shaky period beforehand. Looking...Analysis Article • Aug 09
Here's Why Future (LON:FUTR) Has A Meaningful Debt Burden
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 • Jul 22
Is It Too Late To Consider Buying Future plc (LON:FUTR)?
Future plc ( LON:FUTR ), is not the largest company out there, but it saw a significant share price rise of 72% in the...Analysis Article • May 26
Future plc (LON:FUTR) Shares Fly 71% But Investors Aren't Buying For Growth
Future plc ( LON:FUTR ) shareholders would be excited to see that the share price has had a great month, posting a 71...Analysis Article • Apr 10
Investors Aren't Buying Future plc's (LON:FUTR) Earnings
With a price-to-earnings (or "P/E") ratio of 7x Future plc ( LON:FUTR ) may be sending very bullish signals at the...Analysis Article • Feb 08
We Think Future (LON:FUTR) Is Taking Some Risk With Its Debt
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Jan 07
Future plc's (LON:FUTR) Price Is Right But Growth Is Lacking After Shares Rocket 27%
Future plc ( LON:FUTR ) shareholders are no doubt pleased to see that the share price has bounced 27% in the last...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 9/30/2028 | 704 | 52 | 107 | 120 | 8 |
| 9/30/2027 | 701 | 50 | 106 | 119 | 8 |
| 9/30/2026 | 708 | 46 | 110 | 119 | 8 |
| 3/31/2026 | 710 | 37 | 93 | 112 | N/A |
| 12/31/2025 | 725 | 51 | 97 | 115 | N/A |
| 9/30/2025 | 739 | 66 | 101 | 117 | N/A |
| 6/30/2025 | 757 | 76 | 117 | 133 | N/A |
| 3/31/2025 | 775 | 85 | 133 | 148 | N/A |
| 12/31/2024 | 782 | 81 | 144 | 159 | N/A |
| 9/30/2024 | 788 | 77 | 156 | 170 | N/A |
| 6/30/2024 | 782 | 84 | 169 | 182 | N/A |
| 3/31/2024 | 776 | 91 | 181 | 193 | N/A |
| 12/31/2023 | 782 | 102 | 176 | 188 | N/A |
| 9/30/2023 | 789 | 113 | 172 | 183 | N/A |
| 6/30/2023 | 807 | 114 | 165 | 177 | N/A |
| 3/31/2023 | 826 | 115 | 159 | 171 | N/A |
| 12/31/2022 | 826 | 119 | 175 | 187 | N/A |
| 9/30/2022 | 825 | 122 | 191 | 203 | N/A |
| 6/30/2022 | 782 | 105 | 192 | 205 | N/A |
| 3/31/2022 | 739 | 87 | 193 | 206 | N/A |
| 12/31/2021 | 673 | 77 | 174 | 186 | N/A |
| 9/30/2021 | 607 | 66 | 155 | 166 | N/A |
| 6/30/2021 | 537 | 66 | 137 | 146 | N/A |
| 3/31/2021 | 468 | 66 | 120 | 126 | N/A |
| 12/31/2020 | 404 | 55 | 99 | 104 | N/A |
| 9/30/2020 | 340 | 44 | 77 | 81 | N/A |
| 6/30/2020 | 298 | 33 | 64 | 69 | N/A |
| 3/31/2020 | 257 | 22 | 52 | 57 | N/A |
| 12/31/2019 | 239 | 15 | N/A | 53 | N/A |
| 9/30/2019 | 222 | 8 | N/A | 49 | N/A |
| 6/30/2019 | 203 | 8 | N/A | 38 | N/A |
| 3/31/2019 | 185 | 7 | N/A | 26 | N/A |
| 12/31/2018 | 158 | 5 | N/A | 18 | N/A |
| 9/30/2018 | 130 | 3 | N/A | 10 | N/A |
| 6/30/2018 | 114 | 3 | N/A | 13 | N/A |
| 3/31/2018 | 97 | 4 | N/A | 17 | N/A |
| 12/31/2017 | 91 | 3 | N/A | 14 | N/A |
| 9/30/2017 | 84 | 2 | N/A | 10 | N/A |
| 3/31/2017 | 70 | -13 | N/A | 4 | N/A |
| 12/31/2016 | 64 | -14 | N/A | 3 | N/A |
| 9/30/2016 | 59 | -14 | N/A | 2 | N/A |
| 3/31/2016 | 59 | -1 | N/A | -5 | N/A |
| 12/31/2015 | 60 | -2 | N/A | -7 | N/A |
| 9/30/2015 | 60 | -2 | N/A | -9 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FUTR's forecast earnings growth (12.6% per year) is above the savings rate (3.4%).
Earnings vs Market: FUTR's earnings (12.6% per year) are forecast to grow faster than the UK market (11.5% per year).
High Growth Earnings: FUTR's earnings are forecast to grow, but not significantly.
Revenue vs Market: FUTR's revenue is expected to decline over the next 3 years (-0.4% per year).
High Growth Revenue: FUTR's revenue is forecast to decline over the next 3 years (-0.4% 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 (8.5%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/24 16:45 |
| End of Day Share Price | 2026/05/22 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/09/30 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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
Future plc is covered by 20 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nicholas Michael Dempsey | Barclays |
| Nicholas Michael Dempsey | Barclays |
| William Larwood | Berenberg |