London Stock Exchange Group (LSE)

Business description

LSE is Europe’s leading exchange group in cash equities. MTS is Europe’s largest electronic government bond market, LCH and CC&G offer post-trade services and FTSE Russell provides benchmark indices and related data services.

Stock data

Market cap.£14164.2m
Last close4,085.00p
High / Low (52 weeks)4085.0p / 3014.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A

Price performance

Relative *16.59.730.4

* % Relative to local index

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Company news

UPDATE 1-UK Stocks-Factors to watch on Feb 20

Tue, 20 Feb 2018 07:41:15 GMT

Market Risers: London Stock Exchange Group Plc, Mondi Plc, Mysale Group PLC ...

Thu, 01 Feb 2018 13:07:30 GMT

Market Risers: London Stock Exchange Group Plc, Marks and Spencer Group Plc ...

Fri, 26 Jan 2018 12:23:50 GMT

Is It Too Late To Buy London Stock Exchange Group plc (LON:LSE)?

Mon, 12 Feb 2018 15:00:00 GMT

Market Risers: London Stock Exchange Group Plc, NMC Health PLC, Old Mutual plc ...

Mon, 12 Feb 2018 13:52:30 GMT

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2015A 1419.0 644.0 516.0 103.4 39.5 N/A
2016A 1657.0 771.0 623.0 124.7 32.8 N/A
2017E N/A N/A N/A N/A N/A N/A
2018E N/A N/A N/A N/A N/A N/A

Last updated on 23/01/2018

Latest research

Investment management sale

Outlook | Financials | 19/10/2015

Daily comment

Institutional Comment | Financials | 20/03/2015

Successful organic and inorganic growth

Update | Financials | 19/03/2015

Daily comment

Institutional Comment | Financials | 05/03/2015

Daily comment

Institutional Comment | Financials | 06/02/2015

Frank Russell completion

Update | Financials | 11/12/2014

Daily comment

Institutional Comment | Financials | 13/11/2014

Daily comment

Institutional Comment | Financials | 29/05/2014

Delivering on diversity and integration

Outlook | Financials | 28/05/2014

Improving trends already factored into share price

Update | Financials | 24/01/2014

Recent acquisitions driving growth

Update | Financials | 25/11/2013

LCH.Clearly ahead of expectations

Update | Financials | 22/07/2013

Investment summary

Following the departure of CEO Xavier Rolet in November and the general meeting in December, FD David Warren has stepped in as interim CEO and Donald Brydon continues as chairman until 2019. The group strategy for organic and inorganic growth is unchanged and the experienced management team also remains committed to the three-year financial plan outlined in June. The Q3 update showed growth across almost all areas, with overall income up 17% or 12% on an organic constant-currency basis; gross profit increased by 16% and 11%, respectively. FY17 results are due to be announced on 2 March.

Last updated on 02/02/2018

Industry outlook

LSE sees good potential for further strong growth and set out specific targets in its June 2017 investor update. These include continued double-digit revenue growth for 2017-19 with sustainable margins at FTSE Russell, similar growth in OTC clearing revenue at LCH with margins for this business set to approach 50% by 2019 (35.6% 2016), while, for the group, expense growth should be held at 4% pa 2017-19, with cost savings of £50m by the end of the period contributing to an EBITDA margin of circa 55% by 2019 (46.5% 2016).

Last updated on 02/02/2018

Key management

Chris Gibson-Smith, Chairman
Xavier Rolet, CEO
David Warren, CFO

Company address

10 Paternoster Square
United Kingdom
+44 (0) 20 7797 1000
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