Ebiquity (AIM: EBQ)

Currency in GBP

Last close As at 21/09/2023

GBP0.46

−0.50 (−1.08%)

Market capitalisation

GBP64m

Ebiquity is a world leader in media investment analysis, independent of the supply chain, working for over 70 of the world’s 100 leading brands to optimise their media investments.

The shifting dynamics of the major social media and tech platforms, along with fundamental changes in privacy and data usage, make it all the more important that brands and advertisers understand the effectiveness of their marketing. New channels such as TikTok and Advanced TV and the growth of commerce media increase the need for independent guidance in navigating optimising and benchmarking marketing spend. The sheer complexity of the media market provides a supportive backdrop to Ebiquity’s offering.

Latest Insights

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Sector

TMT

Equity Analyst

Fiona Orford-Williams

Fiona Orford-Williams

Director, TMT

Key Management

  • Julia Hubbard

    CFO

  • Nick Waters

    CEO

  • Rob Woodward

    Chairman

Balance Sheet

Forecast net debt (£m)

10.7

Forecast gearing ratio (%)

26

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 0 (2.11) (16.22)
Relative (0.82) (0.4) (16.44)
52 week high/low 58.5p/43.0p

Financials

Ebiquity’s May capital markets day gave a deeper dive into the group’s progress and opportunities, particularly in expanding productisation and in building a greater presence in Asia Pacific alongside the effort being put in to grow in North America. The acquisitions of US-based MMi and Sweden-based Media Path in FY22 have significantly scaled Ebiquity’s potential revenue base, while productisation, efficiency gains and the transition to a common technology platform give a clear path to improving margins. Julia Hubbard is now Ebiquity’s CFO, having joined in April from Foundries.io, a global SaaS business, while Ruben Schreurs now has a broadened remit as chief strategy officer.

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2021A 63.1 6.8 4.1 2.7 17.0 5.6
2022A 76.0 11.1 8.0 4.5 10.2 4.5
2023E 85.5 14.3 11.1 5.6 8.2 4.1
2024E 96.5 16.9 13.7 6.5 7.1 3.7

Thematics

thematic

TMT

MediaWatch – April 2023

Digital Marketing and Internet Media Technology Platform

thematic

TMT

MediaWatch – January 2023

thematic

Consumer

IPO apocalypse

thematic

TMT

ESG, moving beyond the box tick

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