The Marketing Group (TMG)

Business description

The Marketing Group is building a global full-service marketing network. Each company within the group provides specialist marketing services brought together, within communities of practice, to form an international network that can address a global market.

Stock data

Market cap.€14.6m
Last close€0.42
High / Low (52 weeks)€4.4 / €0.4
Stock market listingOMX
Forecast net cash (€m)1.6
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(12.1)(24.1)(90.7)
Relative *(15.6)(26.4)(91.8)

* % Relative to local index

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Investment summary

The Marketing Group (TMG) aims to build a major global force in marketing services, a sector characterised by a handful of major holding companies and a large number of smaller agencies. After a rapid initial acquisition phase, an entirely new board took over (Q416/Q117) with more capital markets experience and a steadier expansion strategy. A subsequent portfolio review resulted in three disposals and an impairment charge related to past acquisitions. This should give the group a firm base from which to start building organic, as well as acquisitive, progress. These moves have yet to be reflected in the market valuation.

Last updated on 27/09/2017

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2015A 0.0 0.0 0.0 N/A N/A N/A
2016A 15.8 2.3 2.2 11.27 3.7 13.6
2017E 24.6 1.7 1.5 3.76 11.2 7.7
2018E 27.0 2.1 1.9 4.19 10.0 7.0

Last updated on 27/09/2017

Latest research

Ready to move forward

Initiation | Technology | 27/09/2017

Ready to roll

QuickView | Technology | 18/08/2017

New board, strategy being refreshed

QuickView | Technology | 16/05/2017

Promising maiden results

QuickView | Technology | 28/02/2017

Agglomeration on a global scale

QuickView | Technology | 16/12/2016

Latest video

Executive interview - The Marketing Group

Key management

Don Elgie, Chairman
Adam Graham, CEO
Mike McElhatton, CFO

Company address

Enterprise House
Ocean Village
Southampton
SO14 3XB
United Kingdom
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