Informa (INF)

Sector:

Media

Index:

FTSE 100

852.80p
   
  • Change Today:
      0.60p
  • 52 Week High: 853.60
  • 52 Week Low: 685.80
  • Currency: UK Pounds
  • Shares Issued: 1,354.41m
  • Volume: 33,070
  • Market Cap: £11,550m
  • RiskGrade: 196

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 2.3% 1.6% 0.0% 0.0% 0.9%
           
Continuing Operations          
PE Ratio - Adjusted 17.1 25.3 3,936.8 55.5 16.7
PE Ratio - Diluted 26.1
38.0		 65.9
168.6		 22,251.6
40.1		 n/a
n/a		 48.1
19.5
PEG - Adjusted 0.2 0.0 n/a n/a 4.2
PEG - Diluted 0.1
0.1		 0.0
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Return on Capital Employed n/a
n/a		 15.50%
13.25%		 0.77%
1.65%		 442.57%
357.58%		 n/a
n/a
Operating Margin 15.07%
25.79%		 9.43%
21.85%		 9.04%
19.59%		 (53.64%)
(43.35%)		 15.32%
28.98%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 17.1 23.4 301,797.9 55.5 16.7
PE Ratio - Diluted 26.1
17.3		 5.6
4.9		 975,039.4
2,125.7		 n/a
n/a		 48.1
19.5
PEG - Adjusted 0.2 0.0 n/a n/a 0.1
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 0.2
0.1

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 20.58% 1.19% 24.38% 38.06% 47.05%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value (4.2) (6.5) (3.0) (2.6) (2.9)
Price/Tangible Book Value (3.6) (5.3) (2.7) (2.4) (2.7)
Price/ Cash Flow 17.6 20.0 16.4 (53.4) 14.9
Price/Revenue 3.41 3.99 485.17 4.69 3.71
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (185.51p) (95.23p) (170.21p) (213.13p) (299.35p)
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 3,189.60 2,262.40 15.98 1,660.80 2,890.30
EBITDA 561.70
903.40		 285.10
566.00		 4.78
6.47		 (516.10)
(345.20)		 442.70
837.70
Depreciation (80.90)
(80.90)		 (71.70)
(71.70)		 (3.33)
(3.33)		 (374.70)
(374.70)		 n/a
n/a
Net Interest 7.00
7.80		 (46.60)
(45.30)		 (0.68)
(0.68)		 (250.90)
(97.40)		 (124.00)
(110.50)
Profit Before Tax 492.10
488.60		 168.80
138.80		 0.79
2.48		 (1,140.90)
(816.50)		 318.70
727.20
           
Revenue per Share 228.80p 155.37p 1.06p 116.98p 231.10p
Pre-Tax Profit per Share 35.30p
35.05p		 11.59p
9.53p		 0.053p
0.17p		 (80.36p)
(57.51p)		 25.48p
58.15p
Market Capitalisation £ (Millions) 10,687.05 8,789.19 7,765.08 8,246.74 10,727.91
Enterprise Value (EV) £ (Millions) 12,384.55 10,992.99 10,053.28 10,615.84 13,567.51
EBITDA/EV 4.54%
7.29%		 2.59%
5.15%		 0.05%
0.06%		 (4.86%)
(3.25%)		 3.26%
6.17%
Operating Margin 15.07%
25.79%		 9.43%
21.85%		 9.04%
19.59%		 (53.64%)
(43.35%)		 15.32%
28.98%
Capital Employed £ (Millions) (233.40) 1,389.90 191.90 (201.10) (334.80)
Return on Capital Employed n/a
n/a		 15.50%
13.25%		 0.77%
1.65%		 442.57%
357.58%		 n/a
n/a
Invested Equity Capital £ (Millions) 7,322.90 7,717.50 6,215.90 5,901.80 6,201.40
           
Earnings per Share - Basic 30.10p
20.70p		 9.50p
3.69p		 0.023p
12.95p		 (73.40p)
(50.58p)		 17.90p
44.02p
Earnings per Share - Diluted 29.90p
20.57p		 9.40p
3.67p		 0.023p
12.87p		 (73.40p)
(50.34p)		 17.80p
43.84p
Earnings per Share - Adjusted 45.60p 24.50p 0.13p 9.90p 51.20p
Earnings per Share Growth - Basic 217%
460%		 40,820%
-72%		 n/a
n/a		 n/a
n/a		 -9%
-11%
Earnings per Share Growth - Diluted 218%
460%		 40,389%
-72%		 n/a
n/a		 n/a
n/a		 -10%
-11%
Earnings per Share Growth - Adjusted 86% 18,571% -99% -81% 4%
PE Ratio - Diluted 26.1
38.0		 65.9
168.6		 22,251.6
40.1		 n/a
n/a		 48.1
19.5
PEG - Diluted 0.1
0.1		 0.0
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Tax Rate 6.03% 16.01% 45.23% 8.96% 22.78%
Dividend Cover 2.53
1.15		 2.50
0.38		 n/a
n/a		 n/a
n/a		 6.83
5.87
Interest Cover 8.30
8.34		 3.28
2.91		 2.07
4.34		 (3.29)
(6.82)		 3.38
7.03
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 30.10p
45.52p		 112.00p
127.68p		 n/a
0.24p		 (73.40p)
(50.58p)		 17.90p
44.02p
Earnings per Share - Diluted 29.90p
45.23p		 111.40p
126.97p		 n/a
0.24p		 (73.40p)
(50.34p)		 17.80p
43.84p
Earnings per Share - Adjusted 45.60p 26.50p n/a 9.90p 51.20p
Earnings per Share Growth - Basic -73%
-64%		 21,138,965%
52,115%		 n/a
n/a		 n/a
n/a		 264%
257%
Earnings per Share Growth - Diluted -73%
-64%		 21,025,720%
52,146%		 n/a
n/a		 n/a
n/a		 262%
257%
Earnings per Share Growth - Adjusted 72% 1,548,031% -100% -81% 315%
PE Ratio - Diluted 26.1
17.3		 5.6
4.9		 975,039.4
2,125.7		 n/a
n/a		 48.1
19.5
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 0.2
0.1
Dividend Cover 2.53
2.53		 2.70
13.03		 n/a
n/a		 n/a
n/a		 6.83
5.87
Return on Equity (ROE) 5.72%
8.66%		 21.14%
24.09%		 0.01%
0.06%		 (17.66%)
(12.17%)		 3.64%
8.88%
Operating Cash Flow per Share 44.49p 30.96p 0.32p (10.28p) 57.54p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (121.17p) 79.55p 0.39p 7.27p 6.17p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 18.00p 9.80p n/a n/a 7.50p
Dividend per Share Growth 83.67% n/a n/a n/a (65.75%)
Dividend Yield 2.3% 1.6% 0.0% 0.0% 0.9%
Shareholders Funds 6,748.50 7,152.10 5,757.80 5,451.00 5,641.90
Net Borrowings £ (Millions) 1,389.00 85.40 1,403.70 2,074.60 2,654.40
Net Asset Value per Share (inc. Intangibles) (216.79p) (116.81p) (189.40p) (225.60p) (315.03p)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 6,748.50 7,152.10 5,757.80 5,451.00 5,641.90
Net Borrowings £ (Millions) 1,389.00 85.40 1,403.70 2,074.60 2,654.40
Net Gearing 20.58% 1.19% 24.38% 38.06% 47.05%
Cash & Near Cash 389.30 2,125.80 884.80 299.40 195.10
Cash 5.77% 29.72% 15.37% 5.49% 3.46%
Gross Borrowings 1,778.30 2,211.20 2,288.50 2,374.00 2,849.50
Gross Gearing 26.35% 30.92% 39.75% 43.55% 50.51%
Borrowings Under 5 years 1,778.30 2,211.20 2,288.50 2,374.00 2,849.50
Under 5 years 26.35% 30.92% 39.75% 43.55% 50.51%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles (3,022.20) (1,700.90) (2,842.80) (3,202.90) (3,939.90)
Net Borrowings £ (Millions) 1,389.00 85.40 1,403.70 2,074.60 2,654.40
Net Gearing (45.96%) (5.02%) (49.38%) (64.77%) (67.37%)
Cash & Near Cash 389.30 2,125.80 884.80 299.40 195.10
Cash (12.88%) (124.98%) (31.12%) (9.35%) (4.95%)
Gross Borrowings 1,778.30 2,211.20 2,288.50 2,374.00 2,849.50
Gross Gearing 58.84% 130.00% 80.50% 74.12% 72.32%
Borrowings Under 5 years 1,778.30 2,211.20 2,288.50 2,374.00 2,849.50
Under 5 years (58.84%) (130.00%) (80.50%) (74.12%) (72.32%)
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio 0.57 1.29 0.92 0.55 0.43
Current Ratio 0.59 1.31 0.94 0.58 0.46

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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