Centaur Media

LN: CAU

£40.4m market cap

27.5p last close

Centaur is a business publishing, events and information group, with leading positions in law, marketing, engineering, construction, financial services and business information.

Investment summary

Full year FY12 results confirmed Centaur’s expected strong operating performance and improving cash generation, based on a strategy of driving further into digital and events markets to produce a larger, better-balanced and more profitable group. The outlook is for another good advance in EPS this year. The momentum in group performance owes little to the market place, reflecting the successful transformational strategy. The shares have a potential 45% upside in view of the earnings prospects.

Y/E Jun
Revenue (£m)
EBITDA (£m)
PBT (£m)
EPS (fd) (p)
P/E (x)
P/CF (x)
2011A 68.3 9.9 6.7 3.4 8.1 4.1
2012A 65.6 11.7 8.3 4.2 6.5 4.6
2013E 82.0 16.1 11.6 6.0 4.6 2.7
2014E 86.2 18.1 13.5 7.0 3.9 2.2
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Sector
TMT
Share price graph
Price performance
%
1m
3m
12m
Actual (9.8) 22.2 (22.5)
Relative* (12.9) 7.5 (14.1)
52-week high/low 41.5p/19.0p
*% relative to local index
Key management
Colin Jones Chairman
Mukerji, Swagatam CEO
Longfield, Simon CFO