LSE:INF

Stock Analysis Report

Executive Summary

Informa plc engages in business intelligence, academic publishing, and knowledge and events businesses worldwide.

Snowflake

Fundamentals

Acceptable track record with mediocre balance sheet.


Similar Companies

Share Price & News

How has Informa's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: INF has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.8%

INF

-1.9%

GB Media

-0.06%

GB Market


1 Year Return

7.7%

INF

3.3%

GB Media

4.6%

GB Market

Return vs Industry: INF exceeded the UK Media industry which returned 3.3% over the past year.

Return vs Market: INF exceeded the UK Market which returned 4.6% over the past year.


Shareholder returns

INFIndustryMarket
7 Day-2.8%-1.9%-0.06%
30 Day2.8%2.8%1.8%
90 Day-7.3%0.3%4.5%
1 Year10.7%7.7%7.4%3.3%10.1%4.6%
3 Year33.9%23.0%-1.7%-14.0%22.4%6.9%
5 Year114.4%70.0%11.9%-10.8%33.3%3.1%

Price Volatility Vs. Market

How volatile is Informa's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Informa undervalued compared to its fair value and its price relative to the market?

16.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: INF (£7.88) is trading below our estimate of fair value (£9.45)

Significantly Below Fair Value: INF is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: INF is poor value based on its PE Ratio (32.6x) compared to the Media industry average (19.6x).

PE vs Market: INF is poor value based on its PE Ratio (32.6x) compared to the UK market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: INF is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: INF is overvalued based on its PB Ratio (1.7x) compared to the GB Media industry average (1.3x).


Next Steps

Future Growth

How is Informa forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

14.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INF's forecast earnings growth (14.3% per year) is above the savings rate (1.2%).

Earnings vs Market: INF's earnings (14.3% per year) are forecast to grow faster than the UK market (12.5% per year).

High Growth Earnings: INF's earnings are forecast to grow, but not significantly.

Revenue vs Market: INF's revenue (2.9% per year) is forecast to grow slower than the UK market (3.6% per year).

High Growth Revenue: INF's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: INF's Return on Equity is forecast to be low in 3 years time (9.3%).


Next Steps

Past Performance

How has Informa performed over the past 5 years?

34.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INF has high quality earnings.

Growing Profit Margin: INF's current net profit margins (10.7%) are lower than last year (15.7%).


Past Earnings Growth Analysis

Earnings Trend: INF's earnings have grown significantly by 34.5% per year over the past 5 years.

Accelerating Growth: INF's earnings growth over the past year (7.2%) is below its 5-year average (34.5% per year).

Earnings vs Industry: INF earnings growth over the past year (7.2%) exceeded the Media industry 3.7%.


Return on Equity

High ROE: INF's Return on Equity (5.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Informa's financial position?


Financial Position Analysis

Short Term Liabilities: INF's short term assets (£872.8M) do not cover its short term liabilities (£1.5B)

Long Term Liabilities: INF's short term assets (£872.8M) do not cover its long term liabilities (3.8B)


Debt to Equity History and Analysis

Debt Level: INF's debt to equity ratio (46.1%) is considered high.

Reducing Debt: INF's debt to equity ratio has reduced from 69.6% to 46.1% over the past 5 years.

Debt Coverage: INF's debt is well covered by operating cash flow (23.6%).

Interest Coverage: INF's interest payments on its debt are well covered by EBIT (5.2x coverage).


Balance Sheet

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

Debt Coverage by Assets: INF's debt is not covered by short term assets (assets are 0.3x debt).


Next Steps

Dividend

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

2.78%

Current Dividend Yield


Dividend Yield vs Market

company2.8%marketbottom25%2.0%markettop25%5.3%industryaverage4.0%forecastin3Years3.2%

Current dividend yield vs market & industry

Notable Dividend: INF's dividend (2.78%) is higher than the bottom 25% of dividend payers in the UK market (1.97%).

High Dividend: INF's dividend (2.78%) is low compared to the top 25% of dividend payers in the UK market (5.35%).


Stability and Growth of Payments

Stable Dividend: INF's dividend payments have been volatile in the past 10 years.

Growing Dividend: INF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (92.6%), INF's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: INF's dividends in 3 years are forecast to be well covered by earnings (47% payout ratio).


Next Steps

Management

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

5.1yrs

Average management tenure


CEO

Stephen Carter (55yo)

6.2yrs

Tenure

UK£4,074,868

Compensation

Mr. Stephen Andrew Carter, CBE has been Group Chief Executive of Informa plc since September 2013. Mr. Carter has been an Executive Director of Informa plc since September 1, 2013. He has responsibilities  ...


CEO Compensation Analysis

Compensation vs Market: Stephen's total compensation ($USD5.28M) is about average for companies of similar size in the UK market ($USD5.14M).

Compensation vs Earnings: Stephen's compensation has been consistent with company performance over the past year.


Management Age and Tenure

5.1yrs

Average Tenure

55yo

Average Age

Experienced Management: INF's management team is seasoned and experienced (5.1 years average tenure).


Board Age and Tenure

4.8yrs

Average Tenure

58.5yo

Average Age

Experienced Board: INF's board of directors are considered experienced (4.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUK£49,62603 Jun 19
John Rishton
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares6,482
Max PriceUK£7.66

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 49.2%.


Management Team

  • Charlie McCurdy (63yo)

    President & CEO of Informa Markets

    • Tenure: 0.8yrs
  • Stephen Carter (55yo)

    Group Chief Executive & Executive Director

    • Tenure: 6.2yrs
    • Compensation: UK£4.07m
  • Peter Miller

    Corporate Development Director

    • Tenure: 0yrs
  • Pat Martell (55yo)

    COO & Chief Executive of Informa Intelligence

    • Tenure: 0.8yrs
  • Eleanor Phillips (53yo)

    Group HR Director

    • Tenure: 1.8yrs
  • Andy Mullins (55yo)

    Chief Executive of Informa Connect

    • Tenure: 5.1yrs
  • Richard Menzies-Gow

    Director of Investor Relations

    • Tenure: 5.8yrs
  • Rupert John Hopley (49yo)

    Group General Counsel & Company Secretary

    • Tenure: 8yrs
  • Gareth Wright (46yo)

    Group Finance Director & Director

    • Tenure: 5.3yrs
    • Compensation: UK£2.05m
  • Simon Hollins

    Group CIO & CISO

    • Tenure: 1.8yrs

Board Members

  • Stephen Carter (55yo)

    Group Chief Executive & Executive Director

    • Tenure: 6.2yrs
    • Compensation: UK£4.07m
  • David Flaschen (63yo)

    Independent Non-Executive Director

    • Tenure: 4.2yrs
    • Compensation: UK£74.42k
  • Mary McDowell (53yo)

    Independent Non-Executive Director

    • Tenure: 1.4yrs
    • Compensation: UK£37.36k
  • John Rishton (61yo)

    Independent Non-Executive Director

    • Tenure: 3.2yrs
    • Compensation: UK£82.57k
  • Steven Davidson (63yo)

    Independent Non-Executive Director

    • Tenure: 4.2yrs
    • Compensation: UK£78.86k
  • Gareth Bullock (66yo)

    Senior Independent Non-Executive Director

    • Tenure: 5.5yrs
    • Compensation: UK£77.74k
  • Derek Mapp (69yo)

    Non-Executive Chairman

    • Tenure: 11.7yrs
    • Compensation: UK£334.23k
  • Helen Owers (56yo)

    Independent Non-Executive Director

    • Tenure: 5.8yrs
    • Compensation: UK£71.35k
  • Gareth Wright (46yo)

    Group Finance Director & Director

    • Tenure: 5.3yrs
    • Compensation: UK£2.05m
  • Gill Whitehead (42yo)

    Non-Executive Director

    • Tenure: 0.3yrs

Company Information

Informa plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Informa plc
  • Ticker: INF
  • Exchange: LSE
  • Founded: 1998
  • Industry: Advertising
  • Sector: Media
  • Market Cap: UK£9.868b
  • Shares outstanding: 1.25b
  • Website: https://www.informa.com

Number of Employees


Location

  • Informa plc
  • 5 Howick Place
  • London
  • Greater London
  • SW1P 1WG
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IFPJ.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDApr 1998
INFLSE (London Stock Exchange)YesOrdinary SharesGBGBPApr 1998
IEADB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 1998
INFLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPApr 1998
IFJP.YOTCPK (Pink Sheets LLC)SPONSORED ADR NEUSUSDSep 2010

Biography

Informa plc engages in business intelligence, academic publishing, and knowledge and events businesses worldwide. The company operates through Academic Publishing, Business Intelligence, Global Exhibitions ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/18 21:14
End of Day Share Price2019/11/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.