Centaur Media is an international provider of business intelligence and learning, focused on the marketing services (Xeim) and legal sectors (The Lawyer).
The proliferation of data and the complexity of underlying markets provides a clear opportunity for Centaur to be able to guide its clients with timely and insightful content and support through training to help them deliver better outcomes. The Lawyer is targeted at the top 200 law firms in the US and UK, as well as large in-house legal teams. XEIM, addressing the marketing sector, targets chief marketing officers at global multinationals.
TMT |
Outlook
TMT |
Update
Colin Jones
Chairman
Simon Longfield
CFO
Swagatam Mukerji
CEO
Forecast net debt (£m)
N/A
Forecast gearing ratio (%)
N/A
% | 1M | 3M | 12M |
---|---|---|---|
Actual | (13.0) | (38.2) | (30.8) |
Relative | (12.8) | (39.5) | (35.2) |
52 week high/low | 53.0p/31.5p |
Centaur’s new mantra is ‘Build, Improve, Grow’ and this underpins its four-year management plan, BIG27, first unveiled in April. At its heart, BIG27 is predicated on leveraging Centaur’s strong brands addressing the marketing and legal sectors. The focus is on building ‘strategically valuable’ revenues in premium content, training and advisory and events, increasing the group’s subscription and recurring revenue. Implementing the plan will suppress EBITDA margins in the short term but should accelerate revenue growth within BIG27’s timescale, building towards management’s medium-term revenue aspiration of £60m. We withdrew forecasts on April’s (abandoned) potential bid and now reinstate them, with the costs of BIG27 factored in.
Y/E Dec | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (p) | P/E (x) | P/CF (x) |
---|---|---|---|---|---|---|
2022A | 38.4 | 8.1 | 5.9 | 3.1 | 10.2 | 4.9 |
2023A | 37.3 | 9.7 | 7.6 | 4.4 | 7.2 | 4.4 |
2024E | N/A | N/A | N/A | N/A | N/A | N/A |
2025E | N/A | N/A | N/A | N/A | N/A | N/A |