Euromoney Institutional Investor (ERM)

Business description

Euromoney Institutional Investor is an international B2B information and events group. Its portfolio of over 50 specialist businesses spans macroeconomic data, investment research, news and market analysis, industry forums and institutes, financial training and excellence awards.

Stock data

Market cap.£1236.1m
Last close1,133.00p
High / Low (52 weeks)1216.0p / 1000.0p
Stock market listingLN
Forecast net debt (£m)160
Forecast gearing ratio (%)58
TeamMedia
SectorMedia

Price performance

%1m3m12m
Actual(2.2)1.513.4
Relative *(5.4)0.74.8

* % Relative to local index

Other companies in sector Show

Company news

Is Euromoney Institutional Investor PLC (LSE:ERM) A Financially Sound Company?

Mon, 23 Oct 2017 13:30:00 GMT

RISI Acquired by Leading Information Group, Euromoney Institutional Investor PLC

Fri, 07 Apr 2017 15:51:08 GMT

Quayle Munro Advises FastMarkets On Its Sale To Euromoney Institutional ...

Wed, 07 Sep 2016 08:26:15 GMT

Is Euromoney Institutional Investor plc a good investment in these troubled times?

Thu, 24 Nov 2016 14:20:02 GMT

Quayle Munro Advises AXIO Group On Its Sale Of RISI To Euromoney Institutional ...

Tue, 07 Mar 2017 11:03:45 GMT

Investment summary

Euromoney’s year-end trading update showed its revitalised strategy post the DMGT holding reduction is starting to come through in performance. Improved conditions in the commodities sectors and in banking are also boosting underlying results from the pricing and events segments. Over-shadowing immediate prospects, though, is uncertainty across the asset management sector, exacerbated by the imminent implementation of MiFID II. This is reflected in a valuation at a sizeable discount to peers, despite the growth in earnings, strong cash flow and step up in dividend.

Last updated on 12/10/2017

Y/E Sep Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2015A 403.4 109.4 107.8 70.1 16.2 13.1
2016A 403.1 104.2 102.5 66.5 17.0 14.0
2017E 427.0 112.3 105.0 76.5 14.8 11.9
2018E 457.0 123.3 110.6 81.7 13.9 10.8

Last updated on 12/10/2017

Latest research

Digital information for business

Outlook | Media | 12/10/2017

Broadly favourable events

Update | Media | 21/07/2017

Finding its wings

Update | Media | 23/05/2017

Sterling top-line benefits

Update | Media | 27/01/2017

DMGT reduces stake

Flash note | Media | 09/12/2016

Horizon at FY18

Update | Media | 28/11/2016

Pre-close trading update

Update | Media | 30/09/2016

Waiting for September

Update | Media | 21/07/2016

Early stages of new strategy

Update | Media | 24/05/2016

Plans for progress

Outlook | Media | 24/03/2016

Headwinds still blowing

Update | Media | 29/01/2016

Resilient numbers and Board changes

Update | Media | 25/11/2015

Latest video

Analyst Interview - Euromoney Institutional Investor

Industry outlook

The asset management sector still carries a cautionary note with regard to the impacts of the impending MiFID II regulation and the ongoing shift towards passive rather than active management. Our numbers are based on the assumption that there is no immediate recovery in underlying customers’ markets. Banking, finance and commodity markets are showing signs of potential improving confidence, while new opportunities may be opening up in areas such as telecoms and in new markets such as China.

Last updated on 03/10/2017

Key management

John Botts, Chairman
Andrew Rashbass , CEO
Christopher Fordham, MD
Colin Jones, FD

Company address

Nestor House
Playhouse Yard
London
EC4V 5EX
United Kingdom
+44 (0)20 7779 8845
View website