The MISSION Group

LN: TMG

Market Cap£61m

Last Close 67p

The MISSION Group is a collective of integrated and specialist creative agencies, employing 1,150 people in the UK, Europe, Asia and the US.

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Investment summary

The MISSION Group’s interim announcement confirms July’s trading update, showing revenues up 17% and continuing sequential half-on-half recovery. An interim dividend of 0.8p is 4% ahead of that paid in FY19. Full year broker estimates are unchanged, implying H221 revenue growth of 14%. The group’s technology exposure has been a positive through the lockdown period, while the robust resurgence of property marketing in FY21 is driving good growth in specialist agency ThinkBDW. MISSION’s shares continue to trade at a discount to peers, despite the improving outlook and more coherent corporate strategy.

Y/E Dec
Revenue (£m)
EBITDA (£m)
PBT (£m)
EPS (fd) (p)
P/E (x)
P/CF (x)
2018A 77.6 11.3 9.2 8.5 7.9 4.8
2019A 81.0 12.2 10.2 9.0 7.4 5.4
2020E N/A N/A N/A N/A N/A N/A
2021E N/A N/A N/A N/A N/A N/A
Content on The MISSION Group
The MISSION Group – executive interview
TMT | Edison TV | 22 November 2021
The MISSION Group – Identifying the opportunities
TMT | QuickView | 22 September 2021
The MISSION Group – Broad-based recovery
TMT | QuickView | 14 July 2021
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Share price graph
Balance sheet
Forecast net debt (£m) N/A
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual (5.0) (13.0) 9.8
Relative* (3.4) (12.2) (2.9)
52-week high/low 89.5p/56.5p
*% relative to local index
Key management
James Clifton CEO
Peter Fitzwilliam CFO