Tillkännagivande • May 20
4imprint Group plc to Report First Half, 2026 Results on Aug 05, 2026 4imprint Group plc announced that they will report first half, 2026 results on Aug 05, 2026 Upcoming Dividend • Apr 23
Upcoming dividend of UK£1.19 per share Eligible shareholders must have bought the stock before 30 April 2026. Payment date: 03 June 2026. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (3.7%). Reported Earnings • Apr 16
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: US$4.04 (down from US$4.16 in FY 2024). Revenue: US$1.35b (down 1.5% from FY 2024). Net income: US$113.6m (down 3.1% from FY 2024). Profit margin: 8.4% (down from 8.6% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.2%. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Tillkännagivande • Apr 14
4imprint Group plc, Annual General Meeting, May 20, 2026 4imprint Group plc, Annual General Meeting, May 20, 2026. Location: the great room, 25 southampton buildings, wc2a 1al, london United Kingdom Declared Dividend • Mar 15
Final dividend of UK£1.19 announced Shareholders will receive a dividend of UK£1.19. Ex-date: 30th April 2026 Payment date: 3rd June 2026 Dividend yield will be 5.2%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 16% over the next 3 years. However, it would need to fall by 34% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Mar 12
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: US$4.04 (down from US$4.16 in FY 2024). Revenue: US$1.35b (down 1.5% from FY 2024). Net income: US$113.6m (down 3.1% from FY 2024). Profit margin: 8.4% (down from 8.6% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.2%. Revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Tillkännagivande • Mar 11
4Imprint Group plc Proposes Final Dividend for Period Ended 27 December 2025, Payable on 3 June 2026 4imprint Group plc announced that the Board has proposed a final dividend of 160.0 cents per share for period ended 27 December 2025 (2024: 160.0 cents) which, together with the interim dividend of 80.0 cents per share, gives a total paid and proposed regular dividend relating to 2025 of 240.0 cents per share (2024: 240.0 cents). The total paid and proposed regular dividend of 240.0 cents per share, being the same as the regular dividend paid for 2024, reflects the Group's strong closing cash position and is in line with the Group's established capital allocation policy that aims to at least maintain dividend per share in a downturn. The final dividend will be paid on 3 June 2026 to Shareholders registered on 1 May 2026. Tillkännagivande • Jan 21
4imprint Group plc Provides Earnings Guidance for the Full Year 2025 4imprint Group plc provided earnings guidance for the full year 2025. For the year, unaudited Group revenue for 2025 is anticipated to be $1.35 billion (2024: $1.37 billion). Revenue is above the upper end of the current range of analysts' forecasts. Tillkännagivande • Jan 20
4imprint Group plc to Report Fiscal Year 2025 Final Results on Mar 11, 2026 4imprint Group plc announced that they will report fiscal year 2025 final results on Mar 11, 2026 New Risk • Jan 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 9.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Dec 12
Now 20% undervalued Over the last 90 days, the stock has risen 13% to UK£37.45. The fair value is estimated to be UK£46.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to decline by 0.2% in 2 years. Earnings are forecast to decline by 22% in the next 2 years. Tillkännagivande • Dec 05
4imprint Group plc Announces Board Changes 4imprint Group plc announced that Paul Forman will be appointed as an independent non-executive director and Chair Designate of the Company with effect from 1 January 2026 and Chair of 4imprint with effect from 16 March 2026. On the same date, 16 March 2026, Paul Moody will step down as Chair and from the Board. The appointment follows a thorough and rigorous recruitment and selection process led by the Board. Paul Forman is an experienced director of both listed and private-equity backed businesses, gained in a variety of executive and non-executive roles. His experience includes chief executive roles at three FTSE250 businesses: Essentra PLC, Coats Group PLC and Low and Bonar PLC. He is also a former non-executive director of Brammer PLC and Tate and Lyle PLC. He is currently Chair of Topps Tiles PLC, Britain's largest tile specialist group, and Natara and Winder Power, two private equity-backed industrial groups. Buy Or Sell Opportunity • Nov 14
Now 20% undervalued Over the last 90 days, the stock has risen 13% to UK£38.15. The fair value is estimated to be UK£47.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to decline by 0.2% in 2 years. Earnings are forecast to decline by 22% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to UK£40.20, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Media industry in the United Kingdom. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£48.12 per share. Tillkännagivande • Nov 11
4imprint Group plc Provides Earnings Guidance for the Full Year 2025 4imprint Group plc provided earnings guidance for the full year 2025. The company expects full year Group revenue of not less than $1.32 billion, which is at the high end of the current analyst forecast range. Declared Dividend • Aug 08
First half dividend of UK£0.60 announced Shareholders will receive a dividend of UK£0.60. Ex-date: 14th August 2025 Payment date: 15th September 2025 Dividend yield will be 12%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 24% over the next 3 years. However, it would need to fall by 36% to increase the payout ratio to a potentially unsustainable range. Tillkännagivande • Aug 08
4imprint Group plc Declares Interim Dividend, Payable on 15 September 2025 The Board of 4imprint Group plc has declared an interim dividend of 80.0 cents per share (2024: 80.0 cents). In Sterling, the interim dividend per share will be 60.1 pence (2024: 62.7 pence). The dividend will be paid on 15 September 2025 to Shareholders registered on 15 August 2025. Reported Earnings • Aug 07
First half 2025 earnings released: EPS: US$1.97 (vs US$1.94 in 1H 2024) First half 2025 results: EPS: US$1.97 (up from US$1.94 in 1H 2024). Revenue: US$659.4m (down 1.2% from 1H 2024). Net income: US$55.5m (up 1.5% from 1H 2024). Profit margin: 8.4% (up from 8.2% in 1H 2024). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Tillkännagivande • May 21
4imprint Group plc to Report First Half, 2025 Results on Aug 06, 2025 4imprint Group plc announced that they will report first half, 2025 results on Aug 06, 2025 New Risk • May 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change). New Risk • May 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Upcoming Dividend • Apr 24
Upcoming dividend of UK£3.17 per share Eligible shareholders must have bought the stock before 01 May 2025. Payment date: 03 June 2025. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 5.6%. Lower than top quartile of British dividend payers (6.1%). Higher than average of industry peers (4.6%). Reported Earnings • Apr 16
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: US$4.16 (up from US$3.78 in FY 2023). Revenue: US$1.37b (up 3.1% from FY 2023). Net income: US$117.2m (up 10% from FY 2023). Profit margin: 8.6% (up from 8.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Apr 16
4imprint Group plc, Annual General Meeting, May 21, 2025 4imprint Group plc, Annual General Meeting, May 21, 2025. Location: the great room, 25 southampton buildings, wc2a 1al, london United Kingdom Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to UK£32.90, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Media industry in the United Kingdom. Total returns to shareholders of 31% over the past three years. Declared Dividend • Mar 14
Final dividend of UK£3.17 announced Shareholders will receive a dividend of UK£3.17. Ex-date: 1st May 2025 Payment date: 3rd June 2025 Dividend yield will be 9.5%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 6.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 12
First half 2024 earnings released: EPS: US$1.94 (vs US$1.76 in 1H 2023) First half 2024 results: EPS: US$1.94 (up from US$1.76 in 1H 2023). Revenue: US$667.5m (up 5.0% from 1H 2023). Net income: US$54.7m (up 11% from 1H 2023). Profit margin: 8.2% (up from 7.8% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 4 years, compared to a 1.9% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Mar 12
4imprint Group plc Recommends Special Dividend for 2024 4imprint Group plc's Board is recommending a special dividend per share of 250.0 cents, bringing total regular and special 2024 dividends per share to 490.0 cents. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to UK£42.70, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Media industry in the United Kingdom. Total returns to shareholders of 67% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£75.97 per share. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to UK£55.80, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Media industry in the United Kingdom. Total returns to shareholders of 151% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£83.60 per share. Tillkännagivande • Jan 21
4imprint Group plc to Report Fiscal Year 2024 Final Results on Mar 12, 2025 4imprint Group plc announced that they will report fiscal year 2024 final results on Mar 12, 2025 Tillkännagivande • Nov 12
4imprint Group plc Updates Earnings Guidance for the Full Year 2024 4imprint Group plc updated earnings guidance for the full year 2024. For the full year, the company’s group revenue is expected to be around $1.37 billion. Tillkännagivande • Oct 18
4imprint Group plc Announces Appointment of Michelle Brukwicki as Chief Financial Officer, Effective 9 December 2024 4imprint Group plc announced the appointment of Michelle Brukwicki as CFO Designate effective 9 December 2024. This follows the announcement on 22 May 2024 that David Seekings had informed the Company of his intention to retire from the Board and from his role as CFO before the end of 2025. David's six month notice period will commence from December 31st. The appointment follows a thorough and rigorous recruitment and selection process led by the Nomination Committee of the Board. Michelle is a Certified Public Accountant in the US with accounting experience gained initially with Deloitte & Touche and is presently Senior Vice President - Finance and Chief Financial Officer of TDS Telecom, a division of Telephone and Data Systems Inc. (TDS). Michelle brings over 25 years of financial and accounting related experience at publicly listed companies, along with extensive experience in strategic planning and business development, leadership development, enterprise risk management and investor relations. Michelle will initially be appointed as CFO Designate and then is expected to become CFO and be appointed to the Board no later than May 31, 2025. A further announcement will be made in due course. Board Change • Oct 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Lindsay Beardsell was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Aug 09
First half 2024 earnings released: EPS: US$1.94 (vs US$1.76 in 1H 2023) First half 2024 results: EPS: US$1.94 (up from US$1.76 in 1H 2023). Revenue: US$667.5m (up 5.0% from 1H 2023). Net income: US$54.7m (up 11% from 1H 2023). Profit margin: 8.2% (up from 7.8% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 09
First half dividend of UK£0.63 announced Shareholders will receive a dividend of UK£0.63. Ex-date: 15th August 2024 Payment date: 16th September 2024 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • May 23
4imprint Group plc to Report First Half, 2024 Results on Aug 07, 2024 4imprint Group plc announced that they will report first half, 2024 results on Aug 07, 2024 Upcoming Dividend • Apr 25
Upcoming dividend of UK£1.17 per share Eligible shareholders must have bought the stock before 02 May 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 57% and the cash payout ratio is 87%. Trailing yield: 2.7%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (3.5%). Reported Earnings • Apr 17
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: US$3.78 (up from US$2.86 in FY 2022). Revenue: US$1.33b (up 16% from FY 2022). Net income: US$106.2m (up 33% from FY 2022). Profit margin: 8.0% (up from 7.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 15
Final dividend of UK£1.17 announced Shareholders will receive a dividend of UK£1.17. Ex-date: 2nd May 2024 Payment date: 3rd June 2024 Dividend yield will be 2.8%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 14
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: US$3.78 (up from US$2.86 in FY 2022). Revenue: US$1.33b (up 16% from FY 2022). Net income: US$106.2m (up 33% from FY 2022). Profit margin: 8.0% (up from 7.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Mar 14
4imprint Group plc Proposes Final Dividend for the Year Ended 30 December 2023, Payable on 3 June 2024 The board of 4imprint Group plc has proposed a final dividend of 150.0 cents per share for the year ended 30 December 2023 (2022: 120.0 cents) which, together with the interim dividend of 65.0 cents per share, gives a total paid and proposed regular dividend relating to 2023 of 215.0 cents per share (2022: 160.0 cents), an increase of 34% compared to prior year. The final dividend will be paid on 3 June 2024 to Shareholders on the register at the close of business on 3 May 2024. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to UK£54.20, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Media industry in the United Kingdom. Total returns to shareholders of 148% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£59.38 per share. Tillkännagivande • Jan 19
4imprint Group plc Provides Group Revenue Guidance for the Year Ended 30 December 2023 4imprint Group plc provided group revenue guidance for the year ended 30 December 2023. Unaudited Group revenue for 2023 is anticipated to be $1.33 billion, an increase of $186 million or 16% compared to $1.14 billion in 2022. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to UK£42.55, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Media industry in the United Kingdom. Total returns to shareholders of 88% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£57.81 per share. Buying Opportunity • Nov 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be UK£56.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 77%. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 11% in the next 2 years. Buying Opportunity • Oct 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.9%. The fair value is estimated to be UK£57.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 77%. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 12% in the next 2 years. Tillkännagivande • Aug 18
4imprint Group plc Announces Directorate Change 4imprint Group plc announced that Charlie Brady has, reluctantly, indicated his intention to step down from the Board in order to spend more time with his family as he manages a challenging health issue. Since joining the Board in 2015, Charlie has made a significant contribution to the strategic development of the Company and has always brought his executive and entrepreneurial experience, wit and wisdom to the discussion Whilst the Board understands and supports his decision, Charlie will be greatly missed by his colleagues. Tina Southall will succeed Charlie as Chair of the Remuneration Committee. Tina joined the Board in May 2019 and has been a member of the Committee since then; the breadth and depth of her experience will ensure a smooth transition. John Gibney will succeed Charlie as the Senior Independent Director. John joined the Board in March 2021, has been Chair of the Audit Committee since May 2021, and brings extensive listed company board experience to the role. Charlie will step down and Tina and John will assume their new roles with effect from the date of this announcement. Reported Earnings • Aug 10
First half 2023 earnings released: EPS: US$1.76 (vs US$1.19 in 1H 2022) First half 2023 results: EPS: US$1.76 (up from US$1.19 in 1H 2022). Revenue: US$635.5m (up 23% from 1H 2022). Net income: US$49.5m (up 48% from 1H 2022). Profit margin: 7.8% (up from 6.5% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to UK£52.00, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Media industry in the United Kingdom. Total returns to shareholders of 135% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£54.30 per share. Tillkännagivande • May 25
4imprint Group plc to Report Q2, 2023 Results on Aug 09, 2023 4imprint Group plc announced that they will report Q2, 2023 results on Aug 09, 2023 Upcoming Dividend • Apr 27
Upcoming dividend of UK£2.65 per share at 2.8% yield Eligible shareholders must have bought the stock before 04 May 2023. Payment date: 01 June 2023. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of British dividend payers (5.8%). In line with average of industry peers (3.1%). Reported Earnings • Mar 16
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: US$2.86 (up from US$0.81 in FY 2021). Revenue: US$1.14b (up 45% from FY 2021). Net income: US$80.1m (up 255% from FY 2021). Profit margin: 7.0% (up from 2.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.5%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Dec 05
Now 20% undervalued Over the last 90 days, the stock is up 21%. The fair value is estimated to be UK£53.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 10%. Revenue is forecast to grow by 31% in 2 years. Earnings is forecast to grow by 46% in the next 2 years.