Centaur Media - Edison Group

Overview
Price performance
Financials
Research
Thematics

Centaur Media is an international provider of business intelligence and learning, focused on the marketing services (Xeim) and legal sectors (The Lawyer).

Centaur has highly regarded brands and a blue-chip customer base. Xeim provides business intelligence to senior leaders to help them navigate change and testing trading environments. Its target market is organisations with over £1bn of revenue. The Lawyer is a highly respected source of news, data and information for the commercial legal sector, with expertise built over the brand’s c 40-year history. It now combines online data and resources, newsletters and high-profile events.

Latest Insights

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TMT |
Update

10.10.24

Centaur Media — Tough trading backdrop persists in H2

TMT |
Outlook

24.07.24

Centaur Media — BIG27 under way

TMT |
Update

13.03.24

Centaur Media — MAP23 plan delivers a higher-quality business

TMT |
Update

18.01.24

Centaur Media — Strong margin performance

Centaur Media_resized

Sector

TMT

Equity Analyst

Fiona Orford-Williams

Fiona Orford-Williams

Director, TMT

Key Management

Colin Jones

Chairman
Simon Longfield

CFO
Swagatam Mukerji

CEO

Balance Sheet

Forecast net cash (£m)

8.7

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	(19.7)	(23.4)	(37.2)
Relative	(18.5)	(24.9)	(43.3)
52 week high/low	53.0p/22.6p

Financials

Centaur’s management has reframed its outlook for the remainder of FY24 to reflect the continuing difficult trading environment for XEIM, where its clients (predominantly major global brand owners) are holding back their marketing budgets. This in turn reflects the cautious consumer spending environment, coupled with corporate restructurings and internal focus. Group revenues are now guided to at least £34m, with an adjusted EBITDA margin of c 15%. This is where we have set our revised forecasts, with a consequent impact on FY25 and FY26 projections, with stronger recovery and a clearer benefit from the BIG27 strategy on margin in the latter period.

Y/E Dec	Revenue (£m)	EBITDA (£m)	PBT (£m)	EPS (fd) (p)	P/E (x)	P/CF (x)
2022A	38.4	8.1	4.9	2.5	9.8	4.4
2023A	37.3	9.7	7.6	4.2	5.8	3.4
2024E	34.0	5.0	3.0	1.6	15.3	6.1
2025E	36.0	5.9	3.8	1.9	12.9	5.6

Research

Update

TMT

20.07.22

Centaur Media — Flagship 4 showing their strengths

Update

TMT

16.03.22

Centaur Media — Targeted connectivity

research

Centaur Media — Strong cash performance and special dividend

Update

TMT

19.01.22

Centaur Media — Strong Q421 shows MAP23 progress

Update

TMT

11.11.21

Centaur Media — Simplification and innovation

Update

TMT

13.10.21

Centaur Media — Building margin

Update

TMT

21.07.21

Centaur Media — Robust rebound

Update

TMT

17.03.21

Centaur Media — Resilient performance

edison tv

TMT

26.01.21

Centaur Media – executive interview

Initiation

TMT

26.01.21

Centaur Media — Flagships lead the way

thematic

Consumer

21.11.23

Deutsches Eigenkapitalforum (EKF) 2023 consumer and media

thematic

TMT

21.11.23

Deutsches Eigenkapitalforum (EKF) 2023 technology

thematic

TMT

07.11.23

MediaWatch – Still waiting…

thematic

TMT

28.07.23

MediaWatch – Targeting the opportunities

thematic

TMT

25.04.23

MediaWatch – Vision On

Digital Marketing and Internet Media Technology Platform

thematic

TMT

31.01.23

MediaWatch – Screening well

thematic

Consumer

05.10.22

IPO apocalypse

thematic

TMT

10.08.22

ESG, moving beyond the box tick

thematic

TMT

11.05.22

Direct tech investors

thematic

TMT

21.04.22

Seven things every investor needs to know about SenSen

thematic

Consumer

24.03.22

Circular economy business models

thematic

TMT

29.09.21

Quantum dots – all the colours of the rainbow

thematic

TMT

09.09.21

Micro-LEDs – small is beautiful

thematic

TMT

14.07.21

Five things every investor needs to know about Mynaric

thematic

TMT

16.08.20

Semiconductor winners – European companies with strong positions

thematic

TMT

24.06.20

The small satellite market – Small is beautiful

thematic

TMT

08.04.20

European video games: A safe haven in troubled times

thematic

TMT

27.02.20

Blockchain adoption: Implications for the financial services sector

thematic

Consumer

14.08.19

Illuminator: August Update

thematic

TMT

05.08.19

European video games

thematic

TMT

10.07.19

Diversification and scale for online success

thematic

TMT

08.05.19

5G – Strategic importance, but lacking a near-term commercial driver

thematic

TMT

26.02.19

UK video games – Heterogeneous not homogeneous

thematic

TMT

24.02.17

Mobile ecosystems

thematic

TMT

08.02.17

Mobile ecosystems

thematic

TMT

13.10.15

Mobile ecosystems

thematic

TMT

23.03.15

NZ – Edison talks tech

thematic

TMT

23.03.15

AUS – Edison talks tech

thematic

TMT

18.03.15

Mobile ecosystems

thematic

Consumer

11.11.14

Deutsche Börse Eigenkapitalforum 2014 Research Guide

thematic

TMT

15.10.14

Mobile ecosystems

thematic

Energy & Resources

04.03.14

ASX Spotlight Conference – London, 6 March 2014

thematic

Energy & Resources

01.03.13

ASX Small to Mid Caps Conference – London, 7 March 2013

thematic

TMT

24.09.10

The third pillar

thematic

TMT

10.09.10

The real disruptor

thematic

TMT

27.08.10

Merger mania is back