Informa (INF)

Company name:	Informa Plc
EPIC:	INF	Trading Currency:	GBX
Market Sector:	FS10	ISIN:	GB00BMJ6DW54
Market Segment:	SET1	Share Type:	DE
WWW Address:	http://www.informa.com	Description:	ORD 0.1P
Industry Sector:	MEDIA

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
586.60	8.6 [1.49]	586.40	586.80	579.60	588.20	567.80	2,173,182
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
8,811.46	1,502.12	0.33	18.00	23.50	32.59	4.01	659.00 - 345.80

Informa Key Figures

(at previous day's close)
Market Cap.	8,811.46	m
Shares In Issue	1,502.12	m
Prev. Close	578.00
PE Ratio	32.59
Dividend Yield	4.01	%
EPS - basic	18.00	p
Dividend PS	23.50	p
Dividend Cover	0.77
Cash Flow PS	47.91	p
Return On Equity (ROE)	4.00	%
Operating Margin	11.03	%
PEG Factor	-3.78
EPS Growth Rate	-8.63	%
Dividends PS Growth Rate	7.31	%
Net Debt	4,689.40	m
Gross Gearing	45.55	%
Quick Assets	730.20	m
Net Working Capital	-815.10	m
Intangibles / Fixed Assets	98.91	%
Turnover PS	192.41	p
Pre-Tax Profit PS	21.22	p
Retained Profit PS	-3.63	p
Cash PS	12.99	p
Net Cash PS	-92.45	p
Net Tangible Asset Value PS *	-279.80	p
Net Asset Value PS	388.65	p
Spread	0.40 (0.07%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Informa Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	602.00	567.80
4 weeks	603.60	555.40
12 weeks	603.60	484.30
1 year	659.00	345.80

Share Price Chart (5 years)

Informa Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	576.40	10.20	1.77	567.80	2.18		584.20
4 weeks	571.20	15.40	2.70	555.40	2.96		578.75
12 weeks	524.60	62.00	11.82	484.30	3.78		546.92
26 weeks	409.10	177.50	43.39	390.60	3.81		532.48
1 year	465.10	121.50	26.12	345.80	4.49		474.30
3 years	718.00	-131.40	-18.30	326.70	4.30		649.08
5 years	713.50	-126.90	-17.79	326.70	3.53		659.23
† periods calculated are whole weeks rather than calendar months

Informa Key Management Ratios

Informa Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	183.24
PE Ratio	32.59
Tobin's Q Ratio	0.81
Tobin's Q Ratio (excl. intangibles)	10.22
Dividend Yield	4.01	%
Market-to-Book Ratio	1.56
Price-to-Pre-Tax Profit PS	27.65
Price-to-Retained Profit PS	-161.68
Price-to-Cash Flow PS	12.24
Price-to-Sales PS	3.05
Price-to-Net Tangible Asset Value PS	-2.20
Price-to-Cash PS	45.16
Net Working Capital PS	-54.26
Price Pct to Working Capital PS	-10.81	%
Earnings Yield	3.07	%
Average PE	30.13
Years in average	5
PE to PE average	108.18	%

Informa Financial Ratios

(Leverage Ratios)
Debt Ratio	36.12	%
Debt-to-Equity Ratio	0.57
Debt-to-Equity Ratio (excl. Intgbl)	-0.82
Debt-to-Equity Market Value	0.37
Net Gearing	43.73	%
Net Gearing (excl. Intangibles)	534.34	%
Gross Gearing	45.55	%
Gross Gearing (excl. Intangibles)	556.57	%
Gearing Under 1 Year	14.77	%
Gearing Under 1 Year (excl. Intgbl)	180.47	%
Assets/Equity	1.84
Cash/Equity	3.34
(Liquidity Ratios)
Net Working Capital to Total Assets	-7.60	%
Current Ratio	0.49
Quick Ratio (Acid Test)	0.46
Liquidity Ratio	0.12
Cash & Equiv/Current Assets	25.38	%
(Solvency Ratios)
Enterprise Value	12,113.16	m
CFO/Sales	0.25
CFO/Attributable Profit	3.19
CFO/Assets	0.07
CFO/Debt	0.15
Total Debt/Equity Market Value	0.55
Total Debt/Sales	1.69
Total Debt/Pre-Tax Profit	15.33
Total Debt	4,884.50	m
Total Debt/Net Current Assets	-5.99	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	0.87	%
Earn drops > 5% in 10yrs	13

Beta (60-Mnth)	Beta (36-Mnth)
0.3294	0.4299

Informa Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	3.49	%
Return On Assets (ROA)	2.08	%
Net Profit Margin	7.80	%
Assets Turnover	0.27
Return On Equity (ROE)	4.00	%
Return On Investment (ROI)	2.43	%
Dividend Payout Ratio	130.56	%
Plowback Ratio	-30.56	%
Growth from Plowback Ratio	-1.20	%
Net Income Of Revenues	-1.89	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.50
Fixed Assets Turnover	0.29
Current Assets Turnover	3.82
Net Working Capital Turnover
Inventory Turnover	64.66
(Other Operating Ratios)
Total Assets-to-Sales	3.75
Debtors-to-Sales	18.36	%
Debt Collection Period	67.03	Days

Informa Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
10 Mar 2020	Final	GBX	15.95	31/12/2018	31/12/2019	18/06/2020	19/06/2020	10/07/2020	23.50
24 Jul 2019	Interim	GBX	7.55	31/12/2018	31/12/2019	08/08/2019	09/08/2019	13/09/2019	-
07 Mar 2019	Final	GBX	14.85	31/12/2017	31/12/2018	25/04/2019	26/04/2019	31/05/2019	21.90
25 Jul 2018	Interim	GBX	7.05	31/12/2017	31/12/2018	09/08/2018	10/08/2018	14/09/2018	-
28 Feb 2018	Final	GBX	13.80	31/12/2016	31/12/2017	19/04/2018	20/04/2018	01/06/2018	20.45
25 Jul 2017	Interim	GBX	6.65	31/12/2016	31/12/2017	10/08/2017	11/08/2017	15/09/2017	-
06 Mar 2017	Final	GBX	13.04	31/12/2015	31/12/2016	27/04/2017	28/04/2017	02/06/2017	19.84
28 Jul 2016	Interim	GBX	6.80	31/12/2015	31/12/2016	11/08/2016	12/08/2016	09/09/2016	-
11 Feb 2016	Final	GBX	13.55	31/12/2014	31/12/2015	28/04/2016	29/04/2016	26/05/2016	20.10
28 Jul 2015	Interim	GBX	6.55	31/12/2014	31/12/2015	13/08/2015	14/08/2015	11/09/2015	-
12 Feb 2015	Final	GBX	12.90	31/12/2013	31/12/2014	30/04/2015	01/05/2015	28/05/2015	19.30
29 Jul 2014	Interim	GBX	6.40	31/12/2013	31/12/2014	13/08/2014	15/08/2014	11/09/2014	-
21 Feb 2014	Final	GBX	12.50	31/12/2012	31/12/2013	30/04/2014	02/05/2014	27/05/2014	18.90
30 Jul 2013	Interim	GBX	6.40	31/12/2012	31/12/2013	14/08/2013	16/08/2013	12/09/2013	-
21 Feb 2013	Final	GBX	12.50	31/12/2011	31/12/2012	24/04/2013	26/04/2013	21/05/2013	18.50
25 Jul 2012	Interim	GBX	6.00	31/12/2011	31/12/2012	15/08/2012	17/08/2012	12/09/2012	-
23 Feb 2012	Final	GBX	11.80	31/12/2010	31/12/2011	25/04/2012	27/04/2012	21/05/2012	16.80
26 Jul 2011	Interim	GBX	5.00	31/12/2010	31/12/2011	17/08/2011	19/08/2011	16/09/2011	-
22 Feb 2011	Final	GBX	9.50	31/12/2009	31/12/2010	24/04/2011	26/04/2011	18/05/2011	14.00
27 Jul 2010	Interim	GBX	4.50	31/12/2009	31/12/2010	18/08/2010	20/08/2010	17/09/2010	-
02 Mar 2010	Final	GBX	7.85	31/12/2008	31/12/2009	14/04/2010	16/04/2010	19/05/2010	11.45
04 Mar 2009	Final	GBX	3.90	31/12/2007	31/12/2008	27/05/2009	29/05/2009	03/07/2009	10.00
28 Jul 2008	Interim	GBX	6.10	30/12/2007	30/06/2008	20/08/2008	22/08/2008	19/09/2008	-
06 Feb 2008	Final	GBX	11.30	31/12/2006	31/12/2007	16/04/2008	18/04/2008	21/05/2008	16.90
30 Aug 2007	Interim	GBX	5.60	30/12/2006	30/06/2007	05/09/2007	07/09/2007	05/10/2007	-
14 Mar 2007	Final	GBX	8.90	31/12/2005	31/12/2006	25/04/2007	27/04/2007	30/05/2007	12.20
26 Sep 2006	Interim	GBX	3.30	30/12/2005	30/06/2006	04/10/2006	06/10/2006	06/11/2006	-
14 Mar 2006	Final	GBX	6.00	31/12/2004	31/12/2005	26/04/2006	28/04/2006	30/05/2006	8.70
22 Sep 2005	Interim	GBX	2.70	30/12/2004	30/06/2005	05/10/2005	07/10/2005	04/11/2005	-
10 Mar 2005	Final	GBX	5.33	31/12/2003	31/12/2004	27/04/2005	29/04/2005	31/05/2005	8.13
08 Sep 2004	Interim	GBX	2.80	30/12/2003	30/06/2004	06/10/2004	08/10/2004	08/11/2004	-
02 Mar 2004	Final	GBX	4.94	31/12/2002	31/12/2003	21/04/2004	23/04/2004	20/05/2004	7.60
08 Sep 2003	Interim	GBX	2.66	30/12/2002	30/06/2003	08/10/2003	10/10/2003	10/11/2003	-
18 Feb 2003	Final	GBX	4.94	31/12/2001	31/12/2002	23/04/2003	25/04/2003	28/05/2003	7.60
09 Sep 2002	Interim	GBX	2.66	30/12/2001	30/06/2002	09/10/2002	11/10/2002	11/11/2002	-
12 Mar 2002	Final	GBX	4.94	31/12/2000	31/12/2001	24/04/2002	26/04/2002	28/05/2002	7.60
03 Sep 2001	Interim	GBX	2.66	30/12/2000	30/06/2001	10/10/2001	12/10/2001	12/11/2001	-
06 Mar 2001	Final	GBX	5.07	31/12/1999	31/12/2000	25/04/2001	27/04/2001	29/05/2001	7.60
29 Aug 2000	Interim	GBX	2.53	30/12/1999	30/06/2000	09/10/2000	13/10/2000	13/11/2000	-
21 Mar 2000	Final	GBX	4.67	31/12/1998	31/12/1999	25/04/2000	02/05/2000	30/05/2000	7.00
24 Aug 1999	Interim	GBX	2.33	30/12/1998	30/06/1999	04/10/1999	08/10/1999	08/11/1999	-
25 Mar 1999	Final	GBX	4.15	31/12/1997	31/12/1998	26/04/1999	30/04/1999	27/05/1999	6.60

Informa Fundamentals

	31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)
turnover	1,345.70	100.00%	1,757.60	100.00%	2,369.50	100.00%	2,890.30	100.00%	m
pre tax profit	178.30	13.25%	268.80	15.29%	282.10	11.91%	318.70	11.03%	m
attributable profit	173.50	12.89%	311.30	17.71%	207.90	8.77%	225.50	7.80%	m
retained profit	41.60	3.09%	149.30	8.49%	6.00	0.25%	-54.50	-1.89%	m
eps - basic (p)	23.60		37.80		19.70		18.00
eps - diluted (p)	23.60		37.70		19.70		18.00
dividends per share	19.84		20.45		21.90		23.50

Informa Balance Sheet

	31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)


	31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)
ASSETS
fixed assets	24.10	0.48%	31.80	0.65%	70.40	0.64%	69.20	0.65%	m
intangibles	4,479.40	89.38%	4,309.60	88.09%	10,119.30	92.28%	9,844.90	91.82%	m
fixed investments	3.30	0.07%	6.10	0.12%	30.20	0.28%	39.70	0.37%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	52.40	1.05%	54.10	1.11%	50.90	0.46%	38.50	0.36%	m
debtors	402.70	8.04%	435.60	8.90%	526.40	4.80%	535.10	4.99%	m
cash & securities	49.60	0.99%	54.90	1.12%	168.80	1.54%	195.10	1.82%	m

TOTAL	5,011.50	100%	4,892.10	100%	10,966.00	100%	10,722.50	100%	m

LIABILITIES
creditors - short	1,047.60	20.90%	1,190.40	24.33%	1,530.80	13.96%	1,583.80	14.77%	m
creditors - long	1,775.90	35.44%	1,471.00	30.07%	3,375.00	30.78%	3,300.70	30.78%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	2,823.50	56.34%	2,661.40	54.40%	4,905.80	44.74%	4,884.50	45.55%	m

EQUITY
ord cap, reserves	2,186.80	43.64%	2,219.40	45.37%	5,866.80	53.50%	5,641.90	52.62%	m
prefs, minorities	1.20	0.02%	11.30	0.23%	193.40	1.76%	196.10	1.83%	m

TOTAL	2,188.00	43.66%	2,230.70	45.60%	6,060.20	55.26%	5,838.00	54.45%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Informa Cash Flow Statement

	31 Dec 2016 (GBP)	31 Dec 2017 (GBP)	31 Dec 2018 (GBP)	31 Dec 2019 (GBP)
Operating CF	336.30	433.90	486.30	719.60	m
Pre-Financing CF	-1,066.30	150.30	-187.20	622.50	m
Retained CF	-10.30	10.30	84.70	77.10	m

Informa Brokers

Name	Activity	Type	Mnemonic	Code
THE ROYAL BANK OF SCOT N.V.	Market Maker(MME)	Broker/Dealer	RBSM	ABNAGB22
Altium Capital Limited	Market Maker(MME)	Broker/Dealer	ALTI	APCFGB21
CREDIT SUISSE SEC (EUROPE) LTD	Market Maker(MME)	Broker/Dealer	CSFB	CSFBGB2L
Deutsche Bank AG London Branch	Market Maker(MME)	Broker/Dealer	DEUT	DEUTGB2L
Commerzbank AG	Market Maker(MME)	Broker/Dealer	KLWT	DRESGB2LPST
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
Goldman Sachs International	Market Maker(MME)	Broker/Dealer	GSCO	GSILGB2X
Canaccord Genuity Limited	Market Maker(MME)	Broker/Dealer	CANA	HOARGB21001
HSBC Bank plc	Market Maker(MME)	Broker/Dealer	HSBC	JCAPGB2L
J.P. Morgan Securities Ltd	Market Maker(MME)	Broker/Dealer	JPMS	JPMSGB2L
Morgan Stanley Securities Ltd	Market Maker(MME)	Broker/Dealer	MOST	MSSEGB21
Panmure Gordon (UK) Limited	Market Maker(MME)	Broker/Dealer	PMUR	PMURGB2L
Numis Securities Limited	Market Maker(MME)	Broker/Dealer	NUMS	RAZHGB2LBIC
Citigrp Global Mkt UK Equities	Market Maker(MME)	Broker/Dealer	CITI	SBUKGB21
Merrill Lynch International	Market Maker(MME)	Broker/Dealer	MLSB	SNCSGB2LBIC
UBS AG	Market Maker(MME)	Broker/Dealer	UBS.	UBSWGB2LEQU
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC