Financials Team Internet Group plc

Equities

CNIC

GB00BCCW4X83

Internet Services

Market Closed - London S.E. Other stock markets 09:05:17 26/04/2024 pm IST			5-day change	1st Jan Change
135.8 ^GBX	-0.44%		-1.88%	+8.64%

10/04	Team Internet joins OTCQX in an effort to increase US exposure	AN
10/04	UK's Team Internet Group plc Begins Trading on OTCQX Best Market	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	164.2	213.8	345.7	413.9	321.5	339.7	-	-
Enterprise Value (EV) ¹	225.1	274.7	401.6	461	379.7	361	318.5	284.9
P/E ratio	-23.8 x	-28.5 x	-120 x	-240 x	18.4 x	22.4 x	18.8 x	19.5 x
Yield	-	-	-	0.53%	1.6%	1.48%	1.49%	1.73%
Capitalization / Revenue	1.85 x	1.23 x	1.13 x	0.68 x	0.49 x	0.49 x	0.45 x	0.44 x
EV / Revenue	2.54 x	1.59 x	1.31 x	0.76 x	0.58 x	0.52 x	0.42 x	0.36 x
EV / EBITDA	15.5 x	12.5 x	11.6 x	6.44 x	5.02 x	4.49 x	3.73 x	3.14 x
EV / FCF	17.8 x	27.7 x	15.4 x	7.28 x	7.41 x	7.26 x	5.66 x	4.76 x
FCF Yield	5.61%	3.61%	6.48%	13.7%	13.5%	13.8%	17.7%	21%
Price to Book	-	-	3.66 x	2.98 x	2.66 x	2.58 x	2.16 x	1.82 x
Nbr of stocks (in thousands)	1,82,486	2,27,429	2,46,904	2,65,319	2,57,188	2,50,125	-	-
Reference price ²	0.9000	0.9400	1.400	1.560	1.250	1.358	1.358	1.358
Announcement Date	27/04/20	01/03/21	28/02/22	27/02/23	18/03/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	88.55	173.2	306.1	605.6	657.1	696.5	749.6	780.6
EBITDA ¹	14.53	21.97	34.49	71.54	75.69	80.42	85.37	90.7
EBIT ¹	13.47	20.47	31.87	69.06	73.1	78.69	82.49	88
Operating Margin	15.22%	11.82%	10.41%	11.4%	11.12%	11.3%	11.01%	11.27%
Earnings before Tax (EBT) ¹	-6.649	-6.747	1.16	12.32	23.01	32.96	38.64	38.91
Net income ¹	-6.617	-6.497	-2.641	-1.728	19.08	15.95	19.66	15.62
Net margin	-7.47%	-3.75%	-0.86%	-0.29%	2.9%	2.29%	2.62%	2%
EPS ²	-0.0379	-0.0330	-0.0116	-0.006490	0.0678	0.0607	0.0724	0.0695
Free Cash Flow ¹	12.62	9.905	26	63.32	51.25	49.74	56.28	59.89
FCF margin	14.25%	5.72%	8.49%	10.46%	7.8%	7.14%	7.51%	7.67%
FCF Conversion (EBITDA)	86.83%	45.09%	75.4%	88.51%	67.71%	61.85%	65.93%	66.04%
FCF Conversion (Net income)	-	-	-	-	268.61%	311.95%	286.29%	383.5%
Dividend per Share ²	-	-	-	0.008320	0.0200	0.0202	0.0202	0.0234
Announcement Date	27/04/20	01/03/21	28/02/22	27/02/23	18/03/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2019 S2	2020 S1	2020 S2	2021 S1	2021 Q3	2021 Q4	2022 Q1	2022 S1	2022 Q4	2023 Q1	2023 Q2
Net sales ¹	48.25	83.24	93.32	-	-	95.85	124.5	-	167.6	156.3	158.8
EBITDA ¹	7.048	11.29	-	-	8.764	10.4	-	-	-	17.08	18.36
EBIT	-	6.56	-	-	-	9.796	-	-	-	-	-
Operating Margin	-	7.88%	-	-	-	10.22%	-	-	-	-	-
Earnings before Tax (EBT)	-	-1.061	-	-	-	0.4884	-	-	-	-	-
Net income	-	-2.043	-	-1.09	-	-0.4787	-	5.915	-	-	-
Net margin	-	-2.45%	-	-	-	-0.5%	-	-	-	-	-
EPS	-	-	-	-0.004940	-0.004310	-	-	0.0217	-	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	27/04/20	31/08/20	01/03/21	31/08/21	22/11/21	28/02/22	30/05/22	30/08/22	27/02/23	15/05/23	14/08/23

¹GBP in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	60.8	60.9	55.9	47.1	58.2	21.3	-	-
Net Cash position ¹	-	-	-	-	-	-	21.2	54.8
Leverage (Debt/EBITDA)	4.185 x	2.774 x	1.621 x	0.658 x	0.7695 x	0.2653 x	-	-
Free Cash Flow ¹	12.6	9.91	26	63.3	51.3	49.7	56.3	59.9
ROE (net income / shareholders' equity)	-	-	23.6%	37.8%	41.2%	38.1%	33.6%	-
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	-	-	0.3800	0.5200	0.4700	0.5300	0.6300	0.7500
Cash Flow per Share ²	-	-	0.1200	0.2400	0.2100	0.1800	0.2100	0.2300
Capex ¹	0.61	3.05	2.65	1.11	1.49	3.76	3.92	1.97
Capex / Sales	0.69%	1.76%	0.87%	0.18%	0.23%	0.54%	0.52%	0.25%
Announcement Date	27/04/20	01/03/21	28/02/22	27/02/23	18/03/24	-	-	-

¹GBP in Million²GBP

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Team Internet Group plc

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.358 GBP

Average target price

2.483 GBP

Spread / Average Target

+82.87%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Other Internet Services

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SPOTIFY TECHNOLOGY S.A.	+54.11%	57.64B
DOORDASH, INC.	+33.59%	53.37B
COSTAR GROUP, INC.	+6.02%	37.83B
NASPERS LIMITED	+15.88%	32.51B

Other Internet Services