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

Reasonable growth potential with proven track record.


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

11.1%

LSE:FUTR

2.0%

GB Media

1.4%

GB Market


1 Year Return

153.6%

LSE:FUTR

13.1%

GB Media

-5.7%

GB Market

FUTR outperformed the Media industry which returned 13.1% over the past year.

FUTR outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -4.8% over the past year.


Share holder returns

FUTRIndustryMarket
7 Day11.1%2.0%1.4%
30 Day1.7%4.4%-4.8%
90 Day-7.0%7.9%-1.9%
1 Year153.8%153.6%17.1%13.1%-1.3%-5.7%
3 Year848.5%706.0%15.2%1.7%17.6%3.6%
5 Year911.3%759.4%41.0%15.2%24.6%-2.0%

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?

11%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Future's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Future's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Future is overvalued based on earnings compared to the GB Media industry average.

Future is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Future, we can't assess if its growth is good value.


Price Based on Value of Assets

Future is overvalued based on assets compared to the GB Media industry average.


Next Steps

Future Growth

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

24.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Future's revenue is expected to grow by 9% yearly, however this is not considered high growth (20% yearly).

Future's earnings are expected to grow significantly at over 20% yearly.

Future's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.

Future's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.

Future's earnings growth is expected to exceed the low risk savings rate of 1.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Future will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


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

Future has delivered over 20% year on year earnings growth in the past 5 years.

Future's 1-year earnings growth exceeds its 5-year average (75% vs 64.5%)

Future's earnings growth has exceeded the GB Media industry average in the past year (75% vs 7.2%).


Return on Equity

Future has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Future used its assets less efficiently than the GB Media industry average last year based on Return on Assets.


Return on Capital Employed

Future has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Future's financial position?


Financial Position Analysis

Future's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Future's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Future's level of debt (23.8%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (38.5% vs 23.8% today).

Debt is well covered by operating cash flow (58.4%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 9.9x coverage).


Balance Sheet

Low level of unsold assets.

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?

0.087%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Future's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.07%).

Future's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.66%).

Future is not paying a notable dividend for United Kingdom of Great Britain and Northern Ireland, therefore no need to check if the payments are stable.

Future is not paying a notable dividend for United Kingdom of Great Britain and Northern Ireland, therefore no need to check if the payments are increasing.


Current Payout to Shareholders

No need to calculate the sustainability of Future's dividends as it is not paying a notable one for United Kingdom of Great Britain and Northern Ireland.


Future Payout to Shareholders

No need to calculate the sustainability of Future's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.


Next Steps

Management

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

1.1yrs

Average management tenure


CEO

Zillah Byng-Thorne (44yo)

5.3yrs

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

Zillah's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.

Zillah's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.


Management Age and Tenure

1.1yrs

Average Tenure

The average tenure for the Future management team is less than 2 years, this suggests a new team.


Board Age and Tenure

1.5yrs

Average Tenure

61yo

Average Age

The average tenure for the Future board of directors is less than 3 years, this suggests a new board.


Insider Trading

More shares have been bought than sold by Future individual insiders 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
BuyUK£80,66727 Nov 18
Zillah Byng-Thorne
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares15,596
Max PriceUK£5.17
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
SellUK£247,50026 Sep 18
Penny Ladkin-Brand
EntityIndividual
Role
Member of the Board of Directors
CFO, Company Secretary & Executive Director
Shares55,000
Max PriceUK£4.50

Ownership Breakdown


Management Team

  • Zillah Byng-Thorne (44yo)

    CEO & Executive Director

    • Tenure: 5.3yrs
    • Compensation: UK£4.78m
  • Penny Ladkin-Brand

    CFO, Company Secretary & Executive Director

    • Tenure: 4.0yrs
    • Compensation: UK£2.11m
  • Simon Jackson

    Chief Marketing Officer

    • Tenure: 0.1yrs
  • Will Hattam

    Chief Marketing Officer

    • Tenure: 1.6yrs
  • Aaron Asadi

    Chief Content Officer

    • Tenure: 0.6yrs
  • Neville Daniels

    Managing Director of Australia

    • Tenure: 0.0yrs
  • Daniel Dawkins

    Global Editor In Chief of Gamesradar+

    • Tenure: 0.0yrs
  • Claire Maclellan

    Chief Operating Officer

    • Tenure: 0.1yrs
  • Li Ying Kevin

    Chief Technology Officer

    • Tenure: 0.0yrs
  • Ben Greenish

    Managing Director Commercial & Home Interest

    • Tenure: 0.0yrs

Board Members

  • Richard Norman Huntingford (62yo)

    Independent Non-Executive Chairman

    • Tenure: 1.5yrs
    • Compensation: UK£88.00k
  • Hugo Drayton

    Senior Independent Non-Executive Director

    • Tenure: 0.8yrs
    • Compensation: UK£47.00k
  • Zillah Byng-Thorne (44yo)

    CEO & Executive Director

    • Tenure: 5.3yrs
    • Compensation: UK£4.78m
  • Penny Ladkin-Brand

    CFO, Company Secretary & Executive Director

    • Tenure: 4.0yrs
    • Compensation: UK£2.11m
  • Alan Philip Newman (61yo)

    Independent Non-Executive Director

    • Tenure: 1.5yrs
    • Compensation: UK£32.00k
  • Rob Hattrell

    Non-Executive Director

    • Tenure: 0.8yrs

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£892.756m
  • Shares outstanding: 83.44m
  • 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

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 Analysis2019/08/22 20:34
End of Day Share Price2019/08/22 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.