The MISSION Group (AIM: TMG)

Currency in GBP

Last close As at 06/02/2023

GBP0.51

0.50 (0.99%)

Market capitalisation

GBP51m

The MISSION Group is a collective of integrated and specialist creative agencies, employing 1,150 people in the UK, Europe, Asia and the US.

Sector

TMT

Equity Analyst

Fiona Orford-Williams

Fiona Orford-Williams

Director, TMT

Key Management

  • James Clifton

    CEO

  • Peter Fitzwilliam

    CFO

Balance Sheet

Forecast net debt (£m)

N/A

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 15.9 9.7 (12.1)
Relative 9.8 (0.3) (13.0)
52 week high/low 68.5p/42.0p

Financials

The MISSION Group’s trading update outlines FY22 revenue a little ahead of market forecasts, with headline PBT of at least £7.6m edged ahead of FY21 (£7.5m) despite the inflationary pressures and higher interest costs prevalent in H2. While this PBT figure is a little below earlier expectations, the group’s fundamentals continue to improve as it builds its capabilities through acquisition and organic growth and capitalises on the benefits of scale, with management anticipating margin expansion in FY23, which has started well with new client wins. The shares have performed broadly in line with peers over one year, continuing to trade at a substantial discount.

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2020A 61.5 3.1 1.2 1.0 51.0 3.9
2021A 72.5 9.1 7.5 6.5 7.8 8.0
2022E N/A N/A N/A N/A N/A N/A
2023E N/A N/A N/A N/A N/A N/A

Thematics

Digital Marketing and Internet Media Technology Platform

TMT

MediaWatch – January 2023

Consumer

IPO apocalypse

TMT

ESG, moving beyond the box tick

TMT

Direct tech investors

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