Centaur Media (LSE: CAU)

Currency in GBP

Last close As at 09/06/2023

GBP0.48

0.00 (0.00%)

Market capitalisation

GBP70m

Centaur Media is an international provider of business information, training and specialist consultancy. Its Xeim and The Lawyer business units serve the marketing and legal sectors respectively and offer customers a wide range of products and services targeted at helping them add value.

Centaur Media_resized

Sector

TMT

Equity Analyst

Fiona Orford-Williams

Fiona Orford-Williams

Director, TMT

Key Management

  • Colin Jones

    Chairman

  • Longfield, Simon

    CFO

  • Mukerji, Swagatam

    CEO

Balance Sheet

Forecast net cash (£m)

12.8

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (1.0) (9.4) (2.0)
Relative 3.6 (4.3) (0.3)
52 week high/low 54.5p/38.5p

Financials

Centaur’s FY22 results have come in slightly better than indicated at the year-end update, showing good revenue growth of 6% and a notable step-up in adjusted EBITDA margin, from 16% to 20%, as the group focuses on its higher-quality repeat and recurring revenue streams. The ‘new’ news is of an additional special dividend of 2.0p, coming soon after the 3.0p special dividend paid in February, reflecting the accumulation of cash on the balance sheet beyond the level needed to support the existing business and the investment required to support the anticipated growth. Management’s FY23 MAP23 targets of £45m in revenue and an EBITDA margin of 23% are demanding but achievable.

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2021A 39.1 6.4 3.0 1.9 25.8 11.1
2022A 41.6 8.5 5.2 2.6 18.8 8.3
2023E 45.0 10.2 6.4 3.2 15.3 7.1
2024E 47.7 10.9 6.9 3.9 12.6 6.6

Thematics

TMT

MediaWatch – April 2023

Digital Marketing and Internet Media Technology Platform

TMT

MediaWatch – January 2023

Consumer

IPO apocalypse

TMT

ESG, moving beyond the box tick

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