Projected Income Statement: London Stock Exchange Group Plc

Forecast Balance Sheet: London Stock Exchange Group Plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 5,729 5,662 6,096 6,454 7,598 8,465 7,195 5,838
Change - -1.17% 7.67% 5.87% 17.73% 11.41% -15% -18.86%
Announcement Date 03/03/22 02/03/23 29/02/24 27/02/25 26/02/26 - - -
1GBP in Million
Estimates

Cash Flow Forecast: London Stock Exchange Group Plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 662 966 1,084 1,008 985 999.7 1,064 1,040
Change - 45.92% 12.22% -7.01% -2.28% 1.5% 6.41% -2.29%
Free Cash Flow (FCF) 1 1,940 1,771 1,858 2,388 2,637 2,682 2,931 3,285
Change - -8.71% 4.91% 28.53% 10.43% 1.71% 9.27% 12.1%
Announcement Date 03/03/22 02/03/23 29/02/24 27/02/25 26/02/26 - - -
1GBP in Million
Estimates

Forecast Financial Ratios: London Stock Exchange Group Plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 48.2% 45.85% 45.08% 46.83% 48.4% 50.14% 50.69% 51.37%
EBIT Margin (%) 36.84% 35.23% 34.16% 35.73% 37.51% 39.16% 40.07% 40.98%
EBT Margin (%) 14.49% 16.03% 14.26% 14.2% 21.07% 27.62% 29.58% 30.93%
Net margin (%) 45.94% 16.82% 9.08% 7.73% 13.36% 13.77% 15.45% 17.11%
FCF margin (%) 28.48% 22.87% 22.17% 26.96% 28.22% 27.23% 27.96% 29.36%
FCF / Net Income (%) 62% 136.02% 244.15% 348.61% 211.13% 197.75% 181.01% 171.58%

Profitability

        
ROA 0.2% 0.22% 0.22% 0.25% 0.29% 0.21% 0.26% 0.29%
ROE 11.88% 7.13% 7.13% 8.26% 10.3% 12.19% 13.57% 15.01%

Financial Health

        
Leverage (Debt/EBITDA) 1.75x 1.59x 1.61x 1.56x 1.68x 1.71x 1.35x 1.02x
Debt / Free cash flow 2.95x 3.2x 3.28x 2.7x 2.88x 3.16x 2.46x 1.78x

Capital Intensity

        
CAPEX / Current Assets (%) 9.72% 12.48% 12.94% 11.38% 10.54% 10.15% 10.15% 9.29%
CAPEX / EBITDA (%) 20.16% 27.21% 28.7% 24.3% 21.78% 20.24% 20.02% 18.09%
CAPEX / FCF (%) 34.12% 54.55% 58.34% 42.21% 37.35% 37.27% 36.3% 31.64%

Items per share

        
Cash flow per share 1 4.81 4.888 5.339 6.348 6.873 7.973 9.095 9.557
Change - 1.62% 9.25% 18.88% 8.27% 16.01% 14.07% 5.08%
Dividend per Share 1 0.95 1.07 1.15 1.3 1.5 1.668 1.856 2.077
Change - 12.63% 7.48% 13.04% 15.38% 11.23% 11.25% 11.89%
Book Value Per Share 1 42.44 46.92 44.01 43.34 38.78 37.95 40.53 40.71
Change - 10.56% -6.22% -1.52% -10.51% -2.15% 6.81% 0.44%
EPS 1 5.781 2.325 1.381 1.28 2.37 2.637 3.445 4.341
Change - -59.78% -40.6% -7.31% 85.16% 11.25% 30.65% 26.02%
Nbr of stocks (in thousands) 5,56,873 5,53,881 5,40,950 5,30,266 5,08,838 4,91,618 4,91,618 4,91,618
Announcement Date 03/03/22 02/03/23 29/02/24 27/02/25 26/02/26 - - -
1GBP
Estimates
2026 *2027 *
P/E ratio 34.3x 26.2x
PBR 2.38x 2.23x
EV / Sales 5.36x 4.92x
Yield 1.85% 2.05%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
90.20GBP
Average target price
123.46GBP
Spread / Average Target
+36.88%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. LSEG Stock
  4. Financials London Stock Exchange Group Plc