LSE:FUTR

Stock Analysis Report

Executive Summary

Future plc, together with its subsidiaries, publishes content for technology, games and entertainment, music, photography and design, hobbies, home interest, and B2B sectors in Europe, North America, the Asia Pacific, and Australia.

Snowflake

Fundamentals

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


Market Performance


7 Day Return

1.3%

FUTR

-0.6%

GB Media

2.0%

GB Market


1 Year Return

179.1%

FUTR

21.3%

GB Media

3.3%

GB Market

Return vs Industry: FUTR exceeded the UK Media industry which returned 21.3% over the past year.

Return vs Market: FUTR exceeded the UK Market which returned 3.3% over the past year.


Share holder returns

FUTRIndustryMarket
7 Day1.3%-0.6%2.0%
30 Day-1.1%-1.1%-1.0%
90 Day33.3%4.2%-1.7%
1 Year179.4%179.1%25.6%21.3%8.3%3.3%
3 Year1026.1%857.0%14.4%1.6%19.0%4.5%
5 Year1249.7%1047.0%46.5%19.4%38.4%8.4%

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

Valuation

Is Future undervalued based on future cash flows and its price relative to the stock market?

25%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: FUTR (£12.56) is trading below our estimate of fair value (£16.64)

Significantly Undervalued: FUTR is trading below fair value, but not by a significant amount.


Price Based on Earnings

PE vs Industry: FUTR is poor value based on its PE Ratio (134.6x) compared to the Media industry average (20.2x).

PE vs Market: FUTR is poor value based on its PE Ratio (134.6x) compared to the UK market (16.4x).


Price Based on Expected Growth

Low PEG Ratio: FUTR is poor value based on its PEG Ratio (3.2x)


Price Based on Value of Assets

PB vs Industry: FUTR is overvalued based on its PB Ratio (5.5x) compared to the GB Media industry average (1.5x).


Next Steps

Future Growth

How is Future expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

42.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: FUTR's forecast earnings growth (42.1% per year) is above the savings rate (1.2%).

Earnings vs Market: FUTR's earnings (42.1% per year) are forecast to grow faster than the UK market (12.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FUTR's revenue (7.2% per year) is forecast to grow faster than the UK market (4% per year).

High Growth Revenue: FUTR's revenue (7.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if FUTR's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Future performed over the past 5 years?

64.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FUTR has become profitable over the past 5 years, growing earnings by 64.5% per year.

Accelerating Growth: FUTR's earnings growth over the past year (75%) exceeds its 5-year average (64.5% per year).

Earnings vs Industry: FUTR earnings growth over the past year (75%) exceeded the Media industry 2.8%.


Return on Equity

High ROE: FUTR's Return on Equity (3.8%) is considered low.


Return on Assets

ROA vs Industry: FUTR's Return on Assets is below or equal to the Media industry average last year.


Return on Capital Employed

ROCE Improving: FUTR has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Future's financial position?


Financial Position Analysis

Short Term Liabilities: FUTR's short term assets (£41.2M) do not cover its short term liabilities (£57.1M)

Long Term Liabilities: FUTR's short term assets (41.2M) do not cover its long term liabilities (76.7M)


Debt to Equity History and Analysis

Debt Level: FUTR's debt to equity ratio (23.8%) is considered satisfactory

Reducing Debt: FUTR's debt to equity ratio has reduced from 38.8% to 23.8% over the past 5 years.

Debt Coverage: FUTR's debt is well covered by operating cash flow (58.4%).

Interest Coverage: FUTR's interest payments on its debt are well covered by EBIT (9.9x coverage).


Balance Sheet

Inventory Level: FUTR has a low level of unsold assets or inventory.

Debt Coverage by Assets: FUTR's debt is not covered by short term assets (assets are 0.9x debt).


Next Steps

Dividend

What is Future's current dividend yield, its reliability and sustainability?

0.086%

Expected Dividend Yield


Dividend Yield vs Market

company0.04%marketbottom25%2.0%markettop25%5.4%industryaverage2.6%forecastin3Years0.09%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: FUTR's dividend (0.039%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (2%).

High Dividend: FUTR's dividend (0.039%) is low compared to the top 25% of dividend payers in the UK market (5.42%).

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 .


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

What is the CEO of Future's salary, the management and board of directors tenure and is there insider trading?

1.3yrs

Average management tenure


CEO

Zillah Byng-Thorne (44yo)

5.5yrs

Tenure

UK£4,782,000

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 ($USD6.07M) is about average for companies of similar size in the UK market ($USD1.88M).

Compensation vs Earnings: Zillah's compensation has increased by more than 20% in the past year.


Management Age and Tenure

1.3yrs

Average Tenure

Experienced Management: FUTR's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Age and Tenure

1.7yrs

Average Tenure

61yo

Average Age

Experienced Board: FUTR's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: FUTR insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUK£99,33019 Aug 19
Zillah Byng-Thorne
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares9,864
Max PriceUK£10.07
BuyUK£99,99719 Aug 19
Penny Ladkin-Brand
EntityIndividual
Role
Member of the Board of Directors
CFO, Company Secretary & Executive Director
Shares10,050
Max PriceUK£9.95
BuyUK£40,68707 Mar 19
Zillah Byng-Thorne
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares5,425
Max PriceUK£7.50
BuyUK£69,98128 Nov 18
Zillah Byng-Thorne
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares13,050
Max PriceUK£5.36
SellUK£1,339,60027 Nov 18
Zillah Byng-Thorne
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares262,404
Max PriceUK£5.15
SellUK£678,30027 Nov 18
Penny Ladkin-Brand
EntityIndividual
Role
Member of the Board of Directors
CFO, Company Secretary & Executive Director
Shares133,000
Max PriceUK£5.10
BuyUK£80,66727 Nov 18
Zillah Byng-Thorne
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares15,596
Max PriceUK£5.17

Ownership Breakdown


Management Team

  • Zillah Byng-Thorne (44yo)

    CEO & Executive Director

    • Tenure: 5.5yrs
    • Compensation: UK£4.78m
  • Penny Ladkin-Brand

    CFO, Company Secretary & Executive Director

    • Tenure: 4.2yrs
    • Compensation: UK£2.11m
  • Luke Edson

    U.S. Chief Revenue Officer

    • Tenure: 1.8yrs
  • Simon Jackson

    Chief Marketing Officer

    • Tenure: 0.3yrs
  • Aaron Asadi

    Chief Content Officer

    • Tenure: 0.8yrs
  • Neville Daniels

    Managing Director of Australia

    • Tenure: 0yrs
  • Daniel Dawkins

    Global Editor In Chief of Gamesradar+

    • Tenure: 0yrs
  • Claire Maclellan

    Chief Operating Officer

    • Tenure: 0.3yrs
  • Li Ying Kevin

    Chief Technology Officer

    • Tenure: 0yrs
  • Ben Greenish

    Managing Director Commercial & Home Interest

    • Tenure: 0yrs

Board Members

  • Richard Norman Huntingford (62yo)

    Independent Non-Executive Chairman

    • Tenure: 1.7yrs
    • Compensation: UK£88.00k
  • Hugo Drayton

    Senior Independent Non-Executive Director

    • Tenure: 1yrs
    • Compensation: UK£47.00k
  • Zillah Byng-Thorne (44yo)

    CEO & Executive Director

    • Tenure: 5.5yrs
    • Compensation: UK£4.78m
  • Penny Ladkin-Brand

    CFO, Company Secretary & Executive Director

    • Tenure: 4.2yrs
    • Compensation: UK£2.11m
  • Alan Philip Newman (61yo)

    Independent Non-Executive Director

    • Tenure: 1.7yrs
    • Compensation: UK£32.00k
  • Rob Hattrell

    Non-Executive Director

    • Tenure: 1yrs

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£1.049b
  • Shares outstanding: 83.48m
  • Website: https://www.futureplc.com

Number of Employees


Location

  • Future plc
  • Quay House
  • The Ambury
  • Bath
  • Somerset
  • BA1 1UA
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FUTRLSE (London Stock Exchange)YesOrdinary SharesGBGBPJun 1999
FNWADB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 1999
FUTRLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJun 1999

Biography

Future plc, together with its subsidiaries, publishes content for technology, games and entertainment, music, photography and design, hobbies, home interest, and B2B sectors in Europe, North America, the A ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/13 20:36
End of Day Share Price2019/10/11 00:00
Earnings2019/03/31
Annual Earnings2018/09/30


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.

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