Upcoming Dividend • Apr 30
Upcoming dividend of UK£0.48 per share Eligible shareholders must have bought the stock before 07 May 2026. Payment date: 18 June 2026. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Dutch dividend payers (5.0%). Lower than average of industry peers (3.2%). Duyuru • Apr 23
Relx plc Reaffirms Earnings Guidance for the Year 2026 RELX PLC reaffirmed earnings guidance for the year 2026. For the year, the company continue to see positive momentum across the group, and expect another year of strong underlying growth in revenue. Recent Insider Transactions • Feb 17
CEO & Executive Director recently sold €2.9m worth of stock On the 13th of February, Erik Engstrom sold around 112k shares on-market at roughly €25.92 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Erik has been a net seller over the last 12 months, reducing personal holdings by €16m. Declared Dividend • Feb 15
Final dividend of UK£0.48 announced Shareholders will receive a dividend of UK£0.48. Ex-date: 7th May 2026 Payment date: 18th June 2026 Dividend yield will be 2.7%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 10% 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 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Feb 13
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 Dutch stocks, typically moving 5.4% 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: Minor Risks High level of debt (295% net debt to equity). Share price has been volatile over the past 3 months (5.4% average weekly change). Reported Earnings • Feb 13
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: UK£1.13 (up from UK£1.04 in FY 2024). Revenue: UK£9.59b (up 1.7% from FY 2024). Net income: UK£2.07b (up 6.8% from FY 2024). Profit margin: 22% (up from 21% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.4%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Professional Services industry in the Netherlands. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Duyuru • Feb 13
RELX PLC, Annual General Meeting, Apr 23, 2026 RELX PLC, Annual General Meeting, Apr 23, 2026. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €25.88, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Professional Services industry in the Netherlands. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at €51.08 per share. Duyuru • Dec 08
RELX PLC to Report Fiscal Year 2025 Results on Feb 12, 2026 RELX PLC announced that they will report fiscal year 2025 results on Feb 12, 2026 Buy Or Sell Opportunity • Oct 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to €39.90. The fair value is estimated to be €50.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 8.7%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Duyuru • Oct 23
RELX PLC Reaffirms Earnings Guidance for the Full Year 2025 RELX PLC reaffirmed earnings guidance for the full year 2025. For the year, the company expects continued strong underlying revenue growth with underlying adjusted operating profit growth slightly exceeding underlying revenue growth. Declared Dividend • Jul 27
First half dividend of UK£0.20 announced Shareholders will receive a dividend of UK£0.20. Ex-date: 7th August 2025 Payment date: 11th September 2025 Dividend yield will be 1.6%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 9.3% 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 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 25
First half 2025 earnings released: EPS: UK£0.53 (vs UK£0.53 in 1H 2024) First half 2025 results: EPS: UK£0.53. Revenue: UK£4.74b (up 2.2% from 1H 2024). Net income: UK£976.0m (flat on 1H 2024). Profit margin: 21% (in line with 1H 2024). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Professional Services industry in the Netherlands. Duyuru • Jun 04
Relx plc Declares Final Dividend for the Year Ended 31 December 2024, Payable on 19 June 2025 RELX PLC announced the Euro equivalent amount in respect of the final dividend of 44.8 pence per share for the year ended 31 December 2024, which was announced on 13 February 2025 and approved by shareholders at the Company's Annual General Meeting on 24 April 2025. Shareholders who hold their shares through Euroclear Nederland will receive a dividend in Euro of 0.531 per share, unless they have elected to receive their dividend in Pounds Sterling. Shareholders who validly submitted a dividend currency election by 27 May 2025 to receive their dividend in Pounds Sterling will receive a dividend of 44.8 pence per share. Shareholders who appear on the Register of Members or hold their shares through CREST will receive a dividend in Pounds Sterling of 44.8 pence per share, unless they have elected to receive their dividend in Euro. Shareholders who validly submitted a dividend currency election by 27 May 2025 to receive their dividend in Euro will receive a dividend of 0.531 per share. The dividend is payable on 19 June 2025. Upcoming Dividend • May 02
Upcoming dividend of UK£0.45 per share Eligible shareholders must have bought the stock before 08 May 2025. Payment date: 19 June 2025. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Dutch dividend payers (5.7%). Lower than average of industry peers (2.3%). Buy Or Sell Opportunity • Mar 17
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.0% to €45.38. The fair value is estimated to be €37.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 9.3% per annum over the same time period. Recent Insider Transactions • Feb 21
CEO & Executive Director recently sold €14m worth of stock On the 18th of February, Erik Engstrom sold around 277k shares on-market at roughly €48.94 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Erik has been a net seller over the last 12 months, reducing personal holdings by €15m. Declared Dividend • Feb 15
Final dividend of UK£0.45 announced Shareholders will receive a dividend of UK£0.45. Ex-date: 8th May 2025 Payment date: 19th June 2025 Dividend yield will be 1.4%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 9.9% 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 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 14
Full year 2024 earnings released: EPS: UK£1.04 (vs UK£0.94 in FY 2023) Full year 2024 results: EPS: UK£1.04 (up from UK£0.94 in FY 2023). Revenue: UK£9.43b (up 3.0% from FY 2023). Net income: UK£1.93b (up 8.6% from FY 2023). Profit margin: 21% (up from 19% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Professional Services industry in the Netherlands. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 14
RELX PLC, Annual General Meeting, Apr 24, 2025 RELX PLC, Annual General Meeting, Apr 24, 2025. Duyuru • Feb 13
RELX PLC Announces Retirement of Robert Macleod to Its Board RELX PLC announced AGM to be held on 24 April 2025 and the retirement of Robert MacLeod from the Board. Having served as a Non-Executive Director since 2016, and currently holding the role of Chair of the Remuneration Committee, Robert MacLeod will retire from the Board following the conclusion of the Company's AGM. Duyuru • Oct 26
RELX PLC Reaffirms Outlook for the Full Year 2024 RELX PLC reaffirmed outlook for the full year 2024. For the full year the company reaffirms another year of strong underlying growth in revenue. New Risk • Oct 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 14% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (210% net debt to equity). Shareholders have been diluted in the past year (14% increase in shares outstanding). Buy Or Sell Opportunity • Jul 29
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to €43.52. The fair value is estimated to be €35.87, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings are also forecast to grow by 8.2% per annum over the same time period. Declared Dividend • Jul 28
First half dividend of UK£0.18 announced Shareholders will receive a dividend of UK£0.18. Ex-date: 1st August 2024 Payment date: 5th September 2024 Dividend yield will be 1.6%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 9.1% 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 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 26
First half 2024 earnings released: EPS: UK£0.52 (vs UK£0.47 in 1H 2023) First half 2024 results: EPS: UK£0.52 (up from UK£0.47 in 1H 2023). Revenue: UK£4.64b (up 3.2% from 1H 2023). Net income: UK£985.0m (up 13% from 1H 2023). Profit margin: 21% (up from 19% in 1H 2023). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Professional Services industry in the Netherlands. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jul 26
RELX PLC Declares Interim Dividend, payable on 5 September 2024 On 24 July 2024 an interim dividend of 18.2 pence (2023: 17.0 pence) per ordinary RELX PLC share was declared by the directors. The expected total cost of funding this dividend is £339 million, for which no liability has been recognised at the statement of financial position date. The interim dividend will be paid on 5 September 2024, with an ex-dividend date of 1 August 2024 and a record date of 2 August 2024. The euro equivalent of the interim dividend will be announced on 22 August 2024. Buy Or Sell Opportunity • Jul 01
Now 16% overvalued after recent price rise Over the last 90 days, the stock has risen 7.8% to €42.24. The fair value is estimated to be €36.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings are also forecast to grow by 9.2% per annum over the same time period. Buy Or Sell Opportunity • Jun 28
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 7.4% to €43.14. The fair value is estimated to be €35.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings are also forecast to grow by 9.2% per annum over the same time period. Duyuru • Apr 26
RELX PLC Elects Bianca Tetteroo as A Director RELX PLC at the AGM held on April 25, 2024, Elect Bianca Tetteroo as a Director. Upcoming Dividend • Apr 25
Upcoming dividend of UK£0.42 per share Eligible shareholders must have bought the stock before 02 May 2024. Payment date: 13 June 2024. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Dutch dividend payers (5.5%). Lower than average of industry peers (2.4%). Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Alistair Cox was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Feb 23
CEO & Executive Director recently sold €13m worth of stock On the 16th of February, Erik Engstrom sold around 337k shares on-market at roughly €39.39 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Erik's only on-market trade for the last 12 months. Declared Dividend • Feb 18
Final dividend of UK£0.42 announced Shareholders will receive a dividend of UK£0.42. Ex-date: 2nd May 2024 Payment date: 13th June 2024 Dividend yield will be 1.6%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 9.8% 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 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 16
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: UK£0.94 (up from UK£0.85 in FY 2022). Revenue: UK£9.16b (up 7.1% from FY 2022). Net income: UK£1.78b (up 9.0% from FY 2022). Profit margin: 19% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.2%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Professional Services industry in the Netherlands. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jan 18
Price target increased by 16% to €43.40 Up from €37.50, the current price target is an average from 13 analysts. New target price is 16% above last closing price of €37.57. Stock is up 38% over the past year. The company is forecast to post earnings per share of UK£0.97 for next year compared to UK£0.85 last year. Duyuru • Dec 08
RELX PLC to Report Fiscal Year 2023 Results on Feb 15, 2024 RELX PLC announced that they will report fiscal year 2023 results on Feb 15, 2024 Duyuru • Oct 19
Relx plc Reaffirms Revenue Guidance for 2023 RELX PLC reaffirmed revenue guidance for 2023. For the year the company continue to expect underlying revenue growth to remain above historical trends. Duyuru • Aug 25
RELX PLC Announces Interim Dividend for the Year Ending 31 December 2023, Payable on 7 September 2023 RELX PLC announced the Euro equivalent amount in respect of the interim dividend of 17.0 pence per share for the year ending 31 December 2023, which was announced on 27 July 2023. Shareholders who hold their shares through Euroclear Nederland will receive a dividend in Euro of €0.199 per share, unless they have elected to receive their dividend in Pounds Sterling. Shareholders who validly submitted a dividend currency election by 21 August 2023 to receive their dividend in Pounds Sterling will receive a dividend of 17.0 pence per share. Shareholders who appear on the Register of Members or hold their shares through CREST will receive a dividend in Pounds Sterling of 17.0 pence per share unless they have elected to receive their dividend in Euro. Shareholders who validly submitted a dividend currency election by 21 August 2023 to receive their dividend in Euro will receive a dividend of €0.199 per share. The dividend is payable on 7 September 2023. Reported Earnings • Jul 28
First half 2023 earnings released: EPS: UK£0.46 (vs UK£0.40 in 1H 2022) First half 2023 results: EPS: UK£0.46 (up from UK£0.40 in 1H 2022). Revenue: UK£4.50b (up 13% from 1H 2022). Net income: UK£874.0m (up 15% from 1H 2022). Profit margin: 19% (in line with 1H 2022). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Professional Services industry in the Netherlands. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jun 09
RELX PLC to Report First Half, 2023 Results on Jul 27, 2023 RELX PLC announced that they will report first half, 2023 results on Jul 27, 2023 Price Target Changed • May 31
Price target increased by 9.5% to €35.20 Up from €32.15, the current price target is an average from 14 analysts. New target price is 21% above last closing price of €29.21. Stock is up 13% over the past year. The company is forecast to post earnings per share of UK£0.96 for next year compared to UK£0.85 last year. Duyuru • May 24
RELX PLC Announces Final Dividend for the Year Ended 31 December 2022, Payable on 7 June 2023 RELX PLC announced that shareholders who appear on the Register of Members or hold their shares through CREST will receive a dividend in Pounds Sterling of 38.9 pence per share, unless they have elected to receive their dividend in Euro. Shareholders who validly submitted a dividend currency election by 17 May 2023 to receive their dividend in Euro will receive a dividend of €0.447 per share. The dividend is payable on 7 June 2023. Upcoming Dividend • Apr 20
Upcoming dividend of UK£0.39 per share at 2.0% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Dutch dividend payers (6.6%). Lower than average of industry peers (2.4%). Reported Earnings • Feb 17
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: UK£0.85 (up from UK£0.76 in FY 2021). Revenue: UK£8.55b (up 18% from FY 2021). Net income: UK£1.63b (up 11% from FY 2021). Profit margin: 19% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 3.5%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Professional Services industry in the Netherlands. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 4% per year. Duyuru • Feb 16
RELX PLC Announces Changes to Board and Committee Roles RELX PLC announced that, having served as a Director since 2013 and currently holding the roles of Senior Independent Director and Chair of the Remuneration Committee, Dr. Wolfhart Hauser will retire from the Board following the conclusion of the Company's Annual General Meeting (AGM) to be held on 20 April 2023. Suzanne Wood will succeed Dr. Hauser as Senior Independent Director and Robert MacLeod will succeed Dr. Hauser as Chair of the Remuneration Committee, each with effect from the conclusion of the Company's AGM, subject to their re-election by shareholders at the AGM. Price Target Changed • Feb 09
Price target increased by 12% to €32.15 Up from €28.80, the current price target is an average from 16 analysts. New target price is 18% above last closing price of €27.28. Stock is up 1.3% over the past year. The company is forecast to post earnings per share of UK£0.87 for next year compared to UK£0.76 last year. Duyuru • Dec 03
RELX PLC to Report Fiscal Year 2022 Results on Feb 16, 2023 RELX PLC announced that they will report fiscal year 2022 results on Feb 16, 2023 Price Target Changed • Nov 16
Price target increased to €28.90 Up from €26.44, the current price target is an average from 18 analysts. New target price is 11% above last closing price of €26.06. Stock is down 6.5% over the past year. The company is forecast to post earnings per share of UK£0.88 for next year compared to UK£0.76 last year. Buying Opportunity • Nov 11
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 9.2%. The fair value is estimated to be €33.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 24% in 2 years. Earnings is forecast to grow by 27% in the next 2 years. Price Target Changed • Oct 25
Price target increased to €28.90 Up from €26.44, the current price target is an average from 19 analysts. New target price is 8.5% above last closing price of €26.63. Stock is down 0.08% over the past year. The company is forecast to post earnings per share of UK£0.85 for next year compared to UK£0.76 last year. Recent Insider Transactions • Oct 22
Independent Non-Executive Director recently bought €50k worth of stock On the 21st of October, June Felix bought around 2k shares on-market at roughly €25.19 per share. This transaction amounted to 49% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €53k more in shares than they have sold in the last 12 months. Reported Earnings • Jul 29
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down UK£664.0m from profit in 1H 2021). Profit margin: (down from 20% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 8.3%, compared to a 7.7% growth forecast for the industry in the Netherlands. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 21
Upcoming dividend of UK£0.35 per share Eligible shareholders must have bought the stock before 28 April 2022. Payment date: 07 June 2022. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Dutch dividend payers (5.3%). In line with average of industry peers (2.3%). Reported Earnings • Feb 11
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: UK£0.76 (up from UK£0.64 in FY 2020). Revenue: UK£7.24b (up 1.9% from FY 2020). Net income: UK£1.47b (up 20% from FY 2020). Profit margin: 20% (up from 17% in FY 2020). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 9.1%. Over the next year, revenue is forecast to grow 8.3%, compared to a 6.6% growth forecast for the industry in the Netherlands. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Buying Opportunity • Feb 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.4%. The fair value is estimated to be UK£33.83, 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 6.7% per annum over the last 3 years. Buying Opportunity • Jan 24
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be UK£33.81, 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 6.7% per annum over the last 3 years. Recent Insider Transactions • Aug 04
Independent Non-Executive Director recently bought €101k worth of stock On the 30th of July, June Felix bought around 4k shares on-market at roughly €24.54 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €295k more in shares than they have sold in the last 12 months. Price Target Changed • Aug 02
Price target increased to €22.48 Up from €20.75, the current price target is an average from 17 analysts. New target price is 9.8% below last closing price of €24.93. Stock is up 34% over the past year. Reported Earnings • Jul 30
First half 2021 earnings released: EPS UK£0.34 (vs UK£0.28 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: UK£3.39b (down 3.1% from 1H 2020). Net income: UK£664.0m (up 21% from 1H 2020). Profit margin: 20% (up from 16% in 1H 2020). The increase in margin was driven by lower expenses. Executive Departure • Mar 02
Independent Non-Executive Chairman Anthony Habgood has left the company On the 1st of March, Anthony Habgood's tenure as Independent Non-Executive Chairman ended after 11.8 years in the role. As of December 2020, Anthony personally held 88.45k shares (€1.8m worth at the time). A total of 2 executives have left over the last 12 months. Reported Earnings • Feb 13
Full year 2020 earnings released: EPS UK£0.64 (vs UK£0.77 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: UK£7.11b (down 9.7% from FY 2019). Net income: UK£1.22b (down 19% from FY 2019). Profit margin: 17% (down from 19% in FY 2019). The decrease in margin was driven by lower revenue. Is New 90 Day High Low • Feb 13
New 90-day high: €21.34 The company is up 8.0% from its price of €19.76 on 13 November 2020. The Dutch market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Professional Services industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.33 per share. Is New 90 Day High Low • Jan 23
New 90-day high: €21.04 The company is up 17% from its price of €18.00 on 23 October 2020. The Dutch market is up 23% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Professional Services industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.53 per share. Is New 90 Day High Low • Jan 06
New 90-day high: €21.02 The company is up 13% from its price of €18.54 on 08 October 2020. The Dutch market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Professional Services industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.12 per share. Price Target Changed • Dec 28
Price target raised to €22.14 Up from €20.06, the current price target is an average from 17 analysts. The new target price is 9.2% above the current share price of €20.28. As of last close, the stock is down 9.2% over the past year. Is New 90 Day High Low • Oct 26
New 90-day low: €17.70 The company is down 5.0% from its price of €18.66 on 28 July 2020. The Dutch market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.83 per share. Price Target Changed • Oct 26
Price target lowered to €19.29 Down from €21.07, the current price target is an average from 17 analysts. The new target price is 9.0% above the current share price of €17.70. As of last close, the stock is down 18% over the past year. Recent Insider Transactions • Oct 11
Independent Non-Executive Director recently bought €194k worth of stock On the 5th of October, Andrew Sukawaty bought around 10k shares on-market at roughly €19.42 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €2.3m more in shares than they bought in the last 12 months.