Added to YB: 2026-04-09
Pitch date: 2026-04-08
FUTR.L [bullish]
Future plc
Author Info
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Company Info
Future plc, together with its subsidiaries, publishes and distributes content for technology, gaming, sports, fashion, beauty, homes, wealth, and knowledge sectors in the United States and the United Kingdom.
Market Cap
GBP 263.3M
Pitch Price
N/A
Price Target
N/A
Dividend
5.95%
EV/EBITDA
2.63
P/E
4.60
EV/Sales
0.78
Sector
Media
Category
value
Back to the FUTR
FUTR.L: 91m larger audience (479m→570m), FY26 rev £738m (flat vs £739m FY25), digital ad growth, EBITDA margin 25-27% (down from 30%). £100m FCF guides, 90% of EBITDA = debt repayable <2yrs. Sum-of-parts: Magazines 33% undervalued vs peers, Go.Compare 50% discount vs MONY, Digital Ads 1.9x vs peer avg 6x. Key risk: Google zero-click (60% searches) pressuring margins via ad costs, but legislative support (UK CCE, US antitrust) + surgical blocking tools + RNWL app (insurance wallet/switching) provide defensibility. Trading 4x EV/EBITDA vs peers 5-11x despite strong cash gen.
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