Main menu
Edison Group
  • Home
  • Equities

    Equities

    View All Equities

    Equities by Sector

    VolitionRx

    MCap

    USD76m

    Last close

    USD0.81

    ▲ 0.14 (20.90%)

    Canyon Resources

    MCap

    AUD262m

    Last close

    AUD0.19

    ▲ 0.02 (12.12%)

    Immix Biopharma

    MCap

    USD51m

    Last close

    USD1.82

    ▲ 0.12 (7.06%)

  • Sectors

    Sectors

  • Thematics

    Thematics

    View All Thematics

    Latest

  • Audiovisual

    Audiovisual

    View All Audiovisual

    Latest

The Pebble Group (LSE: PEBB)

Last close As at 20/11/2024

GBP0.44

▲ −2.50 (−5.43%)

Market capitalisation

GBP73m

The Pebble Group provides digital commerce, products and related services to the global promotional products industry through two focused, complementary and differentiated businesses: Facilisgroup and Brand Addition.

Pebble operates within the global promotional products market, estimated at $50bn. It is a highly competitive landscape, but distributor participants are predominantly small and local. The North American market is estimated by industry body PPAI to be worth $26.1bn in FY23 and to have grown by 2.2% in the year, slowing in H2. H124 performance is estimated to have been broadly flat. The total European market is a little smaller. The industry’s resilience is based on its utility and effectiveness as an advertising medium.

Latest Insights

View More

TMT | Update

The Pebble Group — Improved operational readiness

TMT | edison tv

The Pebble Group – executive interview

TMT | audiovisual

The Pebble Group in 60 seconds

TMT | Outlook

The Pebble Group — Two distinct businesses in one
Pebbles in wide calm Ocean
Visit Website

Sector

TMT

Equity Analyst

Fiona Orford-Williams

Fiona Orford-Williams

Director, TMT

Key Management

  • Christopher Lee

    CEO

  • Claire Thomson

    CFO

Balance Sheet

Forecast net cash (£m)

8.8

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (17.1) (27.5) (48.5)
Relative (14.2) (25.7) (52.4)
52 week high/low 87.5p/43.5p

Financials

Pebble’s H124 results put it on track to meet FY24 EBITDA market forecasts, set against continuing cautious industry sentiment. Management has been strengthening operations, including appointing a chief product officer at Facilisgroup and a global marketing director at Brand Addition. Client retention remains strong and forward indicators are positive at Facilisgroup. At Brand Addition, macro uncertainties mean clients remain circumspect, but financial performance is helped by better gross margins. The global promotional products market opportunity is substantial, and Pebble is well placed to make further inroads. Net cash of £4.9m at end June is expected to increase to £15.0m by the year-end (post £2m in share buybacks).

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2022A 134.0 18.0 12.4 5.77 7.5 4.0
2023A 124.2 16.0 9.9 4.59 9.5 4.6
2024E 125.6 16.3 10.4 4.73 9.2 4.5
2025E 130.0 17.2 11.2 5.04 8.6 4.1