“Edison’s accessible and high-quality research gives us the opportunity to communicate an independent perspective of Tyman to a wide variety of potential stakeholders.”
Currency in GBP
Last close As at 17/03/2023
GBP9.36
▲ 16.00 (1.74%)
Market capitalisation
GBP1,043m
YouGov is an international market research and data and analytics group offering a data-led suite of products and services including YouGov BrandIndex, YouGov Profiles, YouGov Omnibus and custom research.
| % | 1M | 3M | 12M |
|---|---|---|---|
| Actual | (1.3) | (5.5) | (16.4) |
| Relative | 6.7 | (6.4) | (16.0) |
| 52 week high/low | 1395.0p/770.0p |
YouGov’s trading update covering the six months to end January confirms that the group is on track to meet the full year market revenue consensus of £264m, 19% ahead of the prior year. This is a little ahead of our modelling (£255m), so we have adjusted accordingly. Our operating profit forecast is unchanged, reflecting a slight shift in mix towards Custom Research, which runs with structurally lower operating margins than Data Products. The search for a new CEO is ongoing, with current CEO Stephan Shakespeare set to step across to be non-executive chair in August. YouGov’s strategic plan for FY24–26 remains in the preparation phase.
| Y/E Jul | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (p) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2021A | 169.0 | 45.9 | 31.1 | 21.1 | 44.4 | 22.8 |
| 2022A | 221.1 | 61.6 | 34.6 | 23.2 | 40.3 | 15.0 |
| 2023E | 264.0 | 73.2 | 51.4 | 33.0 | 28.4 | 13.4 |
| 2024E | 300.0 | 82.4 | 60.0 | 38.9 | 24.1 | 12.3 |
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