Added to YB: 2024-04-25
Pitch date: 2024-04-24
LSEG.L [bullish]
London Stock Exchange Group plc
-0.76%
current return
Author Info
Slow Turtle is an investment manager who invests in moats, special sits, commodities, deep value, and all caps. Sign up for the newsletter.
Company Info
London Stock Exchange Group plc provides financial markets infrastructure and delivers financial data, analytics, news, and index products to customers in the United Kingdom and internationally.
Market Cap
GBP 45.7B
Pitch Price
GBP 85.29
Price Target
13.5K (+15846%)
Dividend
1.49%
EV/EBITDA
18.89
P/E
47.08
EV/Sales
5.92
Sector
Capital Markets
Category
growth
London Stock Exchange Group plc - $LSEG.L
LSEG: Misunderstood as stock exchange, actually dominant financial data provider. 73% recurring rev, 99/100 top banks are clients. Partnered w/ MSFT, spending $2.8B on cloud. Owns 51% of $25B Tradeweb. Expects 50%+ EBITDA margins, 100% FCF conversion, 5-7% growth. 27x '24 EPS, 4% FCF yield + MSFT optionality.
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