Ebiquity (AIM: EBQ)

Last close As at 23/11/2024

35.50

0.00 (0.00%)

Market capitalisation

49m

Ebiquity is a leading, tech-enabled, independent marketing and media consultancy. It aims to help the world’s biggest brands leverage data and analytics to drive greater transparency in the marketing ecosystem, to create more impactful customer experiences and to deliver greater returns on marketing investment.

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Balance Sheet

Forecast net debt (£m)

10.7

Forecast gearing ratio (%)

26

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (22.83) (23.66) (25.26)
Relative (20.65) (21.58) (30.14)
52 week high/low 58.5p/33.0p

Financials

Ebiquity reported strong FY22 results, with revenue and operating profits increasing in line with expectations. The complexity of the media market provides a supportive backdrop to its offering, designed to help brand owners optimise the efficiency of their marketing spend. The acquisitions of US-based MMi and Swedish-based Media Path in FY22 significantly scale Ebiquity’s potential revenue base, while productisation, efficiency gains, and the transition to a common technology platform give a clear path to improving margins. The company also announced the forthcoming retirement of CFO, Alan Newman, with the search for his successor well underway. The share price remains at a significant discount to peers.

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2021A 63.1 6.8 4.1 2.7 13.1 4.3
2022A 76.0 11.1 8.0 4.5 7.9 3.5
2023E 85.5 14.3 11.1 5.6 6.3 3.2
2024E 96.5 16.9 13.7 6.5 5.5 2.8

Thematics

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TMT

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Consumer

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