Ebiquity (AIM: EBQ)

Currency in GBP

Last close As at 09/06/2023

GBP0.49

0.50 (1.04%)

Market capitalisation

GBP66m

Ebiquity is a leading, independent global media consultancy, 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 their marketing effectiveness. 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 complexity of the media market provides a supportive backdrop to Ebiquity’s offering, designed to help brand owners optimise the efficiency of their marketing spend.

Ebiquity_resized

Sector

TMT

Equity Analyst

Fiona Orford-Williams

Fiona Orford-Williams

Director, TMT

Key Management

  • Alan Newman

    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 2.1 (11.8) (22.4)
Relative 4.0 (8.4) (21.8)
52 week high/low 62.5p/43.0p

Financials

Ebiquity reported strong FY22 results, with revenue and operating profits increasing in line with expectations. The acquisitions of US-based MMi and Swedish-based Media Path in FY22 significantly scale Ebiquity’s potential revenue base, while productisation, efficiency gains and the transition to a common technology platform give a clear path to improving margins. Following Alan Newman’s retirement, Ebiquity’s new CFO is Julia Hubbard, joining from Foundries.io, a global SaaS business. She was previously CFO at 7digital and Amino Technologies and will be at the group’s upcoming capital markets day, on 25 May.

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 18.0 5.9
2022A 76.0 11.1 8.0 4.5 10.8 4.8
2023E 85.5 14.3 11.1 5.6 8.7 4.3
2024E 96.5 16.9 13.7 6.5 7.5 3.9

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Ebiquity – executive interview

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Ebiquity — Building on recovery

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Ebiquity — Digital acceleration

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Ebiquity – executive interview

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Ebiquity — New CEO announced

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Ebiquity — Navigating complexity

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Bitesize briefing – Ebiquity

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Ebiquity — US momentum

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Ebiquity — Disposal of AdIntel

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Executive Interview – Ebiquity

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Ebiquity — Update 29 July 2016

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Ebiquity — Update 30 March 2016