London Stock Exchange (LSE)

Company name:	London Stock Exchange Group Plc
Company Description:	A group engaged in the admission of securities to trading; the delivery of trading systems; clearing & settlement of trading in securities; the regulation of markets in securities & provision of info
EPIC:	LSE	Trading Currency:	GBX
Market Sector:	FE10	ISIN:	GB00B0SWJX34
Market Segment:	SET1	Share Type:	DE
WWW Address:	http://www.londonstockexchange.com/	Description:	ORD SHS 6 79/86P
Industry Sector:	GENERAL FINANCIAL

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
7,662.00	22.0 [0.29]	7,658.00	7,666.00	7,628.00	7,662.00	7,628.00	3,902
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
26,672.96	348.12	3.17	138.30	60.40	55.40	0.79	7,922.00 - 4,384.00

London Stock Exchange Key Figures

(at previous day's close)
Market Cap.	26,672.96	m
Shares In Issue	348.12	m
Prev. Close	7,640.00
PE Ratio	55.40
Dividend Yield	0.79	%
EPS - basic	138.30	p
Dividend PS	60.40	p
Dividend Cover	2.29
Cash Flow PS	207.40	p
Return On Equity (ROE)	16.54	%
Operating Margin	35.85	%
PEG Factor	-10.01
EPS Growth Rate	-5.53	%
Dividends PS Growth Rate	17.05	%
Net Debt	837,637.97	m
Gross Gearing	99.56	%
Quick Assets	837,710.98	m
Net Working Capital	858.00	m
Intangibles / Fixed Assets	91.28	%
Turnover PS	548.95	p
Pre-Tax Profit PS	196.77	p
Retained Profit PS	104.56	p
Cash PS	433.76	p
Net Cash PS	-239,958.32	p
Net Tangible Asset Value PS *	-386.07	p
Net Asset Value PS	1,062.28	p
Spread	8.00 (0.10%)
* 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.

London Stock Exchange Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	7,750.00	7,500.00
4 weeks	7,834.00	7,360.00
12 weeks	7,834.00	6,664.00
1 year	7,922.00	4,384.00

Share Price Chart (5 years)

London Stock Exchange Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	7,700.00	-38.00	-0.49	7,500.00	0.51		7,612.65
4 weeks	7,640.00	22.00	0.29	7,360.00	0.50		7,640.05
12 weeks	6,838.00	824.00	12.05	6,664.00	0.67		7,196.67
26 weeks	5,740.00	1,922.00	33.48	5,574.00	0.82		7,059.90
1 year	4,457.00	3,205.00	71.91	4,384.00	0.76		6,120.01
3 years	3,015.00	4,647.00	154.13	3.72	0.81		4,594.64
5 years	2,290.00	5,372.00	234.59	3.72	0.81		3,795.49
† periods calculated are whole weeks rather than calendar months

London Stock Exchange Key Management Ratios

London Stock Exchange Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	92.14
PE Ratio	55.40
Tobin's Q Ratio	0.03
Tobin's Q Ratio (excl. intangibles)	0.03
Dividend Yield	0.79	%
Market-to-Book Ratio	7.98
Price-to-Pre-Tax Profit PS	38.94
Price-to-Retained Profit PS	73.28
Price-to-Cash Flow PS	36.94
Price-to-Sales PS	13.96
Price-to-Net Tangible Asset Value PS	-26.97
Price-to-Cash PS	17.66
Net Working Capital PS	246.47
Price Pct to Working Capital PS	31.09	%
Earnings Yield	1.81	%
Average PE	41.80
Years in average	5
PE to PE average	132.55	%

London Stock Exchange Financial Ratios

(Leverage Ratios)
Debt Ratio	38.29	%
Debt-to-Equity Ratio	0.62
Debt-to-Equity Ratio (excl. Intgbl)	-2.32
Debt-to-Equity Market Value	0.09
Net Gearing	99.38	%
Net Gearing (excl. Intangibles)	99.94	%
Gross Gearing	99.56	%
Gross Gearing (excl. Intangibles)	100.12	%
Gearing Under 1 Year	99.29	%
Gearing Under 1 Year (excl. Intgbl)	99.84	%
Assets/Equity	227.92
Cash/Equity	40.83
(Liquidity Ratios)
Net Working Capital to Total Assets	0.10	%
Current Ratio	1.00
Quick Ratio (Acid Test)	1.00
Liquidity Ratio	0.00
Cash & Equiv/Current Assets	0.18	%
(Solvency Ratios)
Enterprise Value	27,812.96	m
CFO/Sales	0.38
CFO/Attributable Profit	1.31
CFO/Assets	0.00
CFO/Debt	0.00
Total Debt/Equity Market Value	31.46
Total Debt/Sales	439.11
Total Debt/Pre-Tax Profit	1,225.03
Total Debt	839,147.97	m
Total Debt/Net Current Assets	978.02	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	47.04	%
5 yr Compound Earnings Growth	29.55	%
10 yr Compound Earnings Growth	15.13	%
Earn drops > 5% in 10yrs	6

Beta (60-Mnth)	Beta (36-Mnth)
3.1689	1.0394

London Stock Exchange Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	11.43	%
Return On Assets (ROA)	0.07	%
Net Profit Margin	28.94	%
Assets Turnover	0.00
Return On Equity (ROE)	16.54	%
Return On Investment (ROI)	9.37	%
Dividend Payout Ratio	43.67	%
Plowback Ratio	56.33	%
Growth from Plowback Ratio	9.48	%
Net Income Of Revenues	19.05	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.58
Fixed Assets Turnover	0.38
Current Assets Turnover	0.00
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	414.66
Debtors-to-Sales	46.31	%
Debt Collection Period	169.03	Days

London Stock Exchange Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
01 Aug 2019	Interim	GBX	20.10	30/12/2018	30/06/2019	22/08/2019	23/08/2019	17/09/2019	-
01 Mar 2019	Final	GBX	43.20	31/12/2017	31/12/2018	02/05/2019	03/05/2019	29/05/2019	60.40
02 Aug 2018	Interim	GBX	17.20	30/12/2017	30/06/2018	23/08/2018	24/08/2018	18/09/2018	-
02 Mar 2018	Final	GBX	37.20	31/12/2016	31/12/2017	03/05/2018	04/05/2018	30/05/2018	51.60
03 Aug 2017	Interim	GBX	14.40	30/12/2016	30/06/2017	24/08/2017	25/08/2017	19/09/2017	-
03 Mar 2017	Final	GBX	31.20	31/12/2015	31/12/2016	04/05/2017	05/05/2017	31/05/2017	43.20
04 Aug 2016	Interim	GBX	12.00	30/12/2015	30/06/2016	25/08/2016	26/08/2016	20/09/2016	-
04 Mar 2016	Final	GBX	25.20	31/12/2014	31/12/2015	05/05/2016	06/05/2016	01/06/2016	36.00
05 Aug 2015	Interim	GBX	10.80	30/12/2014	30/06/2015	27/08/2015	28/08/2015	22/09/2015	-
05 Mar 2015	Final	GBX	12.80	31/12/2013	31/12/2014	07/05/2015	08/05/2015	02/06/2015	22.50
13 Nov 2014	Interim	GBX	9.70	30/12/2013	30/06/2014	04/12/2014	05/12/2014	06/01/2015	-
15 May 2014	Final	GBX	20.70	31/03/2013	31/03/2014	24/07/2014	26/07/2014	19/08/2014	30.80
13 Nov 2013	Interim	GBX	10.10	30/03/2013	30/09/2013	04/12/2013	06/12/2013	06/01/2014	-
15 May 2013	Final	GBX	19.80	31/03/2012	31/03/2013	24/07/2013	26/07/2013	19/08/2013	29.50
16 Nov 2012	Interim	GBX	9.70	30/03/2012	30/09/2012	05/12/2012	07/12/2012	07/01/2013	-
18 May 2012	Final	GBX	19.00	31/03/2011	31/03/2012	25/07/2012	27/07/2012	20/08/2012	28.30
16 Nov 2011	Interim	GBX	9.30	30/03/2011	30/09/2011	07/12/2011	09/12/2011	05/01/2012	-
13 May 2011	Final	GBX	18.00	31/03/2010	31/03/2011	27/07/2011	29/07/2011	22/08/2011	26.80
18 Nov 2010	Interim	GBX	8.80	30/03/2010	30/09/2010	01/12/2010	03/12/2010	05/01/2011	-
21 May 2010	Final	GBX	16.00	31/03/2009	31/03/2010	21/07/2010	23/07/2010	16/08/2010	24.40
25 Nov 2009	Interim	GBX	8.40	30/03/2009	30/09/2009	02/12/2009	04/12/2009	05/01/2010	-
20 May 2009	Final	GBX	16.00	31/03/2008	31/03/2009	22/07/2009	24/07/2009	17/08/2009	24.40
13 Nov 2008	Interim	GBX	8.40	30/03/2008	30/09/2008	03/12/2008	05/12/2008	05/01/2009	-
22 May 2008	Final	GBX	16.00	31/03/2007	31/03/2008	16/07/2008	18/07/2008	11/08/2008	24.00
15 Nov 2007	Interim	GBX	8.00	30/03/2007	30/09/2007	05/12/2007	07/12/2007	04/01/2008	-
17 May 2007	Final	GBX	12.00	31/03/2006	31/03/2007	18/07/2007	20/07/2007	13/08/2007	18.00
13 Nov 2006	Interim	GBX	6.00	30/03/2006	30/09/2006	06/12/2006	08/12/2006	05/01/2007	-
24 May 2006	Final	GBX	8.00	31/03/2005	31/03/2006	10/05/2006	12/05/2006	26/05/2006	12.00
03 Nov 2005	Interim	GBX	4.00	30/03/2005	30/09/2005	07/12/2005	09/12/2005	06/01/2006	-
28 Apr 2005	Final	GBX	5.00	31/03/2004	31/03/2005	20/07/2005	22/07/2005	15/08/2005	7.00
11 Nov 2004	Interim	GBX	2.00	30/03/2004	30/09/2004	08/12/2004	10/12/2004	07/01/2005	-
20 May 2004	Final	GBX	3.40	31/03/2003	31/03/2004	21/07/2004	23/07/2004	16/08/2004	4.80
06 Nov 2003	Interim	GBX	1.40	30/03/2003	30/09/2003	03/12/2003	05/12/2003	05/01/2004	-
15 May 2003	Final	GBX	3.00	31/03/2002	31/03/2003	23/07/2003	25/07/2003	18/08/2003	4.30
07 Nov 2002	Interim	GBX	1.30	30/03/2002	30/09/2002	04/12/2002	06/12/2002	06/01/2003	-
23 May 2002	Final	GBX	2.50	31/03/2001	31/03/2002	17/07/2002	19/07/2002	19/08/2002	3.60
06 Nov 2001	Interim	GBX	1.10	30/03/2001	30/09/2001	05/12/2001	07/12/2001	08/01/2002	-

London Stock Exchange Fundamentals

	31 Dec 2015 (GBP)		31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)
turnover	1,324.70	100.00%	1,515.60	100.00%	1,768.00	100.00%	1,911.00	100.00%	m
pre tax profit	336.10	25.37%	364.10	24.02%	564.00	31.90%	685.00	35.85%	m
attributable profit	328.30	24.78%	222.60	14.69%	505.00	28.56%	553.00	28.94%	m
retained profit	212.80	16.06%	92.90	6.13%	346.00	19.57%	364.00	19.05%	m
eps - basic (p)	94.60		43.50		146.40		138.30
eps - diluted (p)	93.20		42.60		143.00		136.00
dividends per share	36.00		43.20		51.60		60.40

London Stock Exchange Balance Sheet

	31 Dec 2015 (GBP)		31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)


	31 Dec 2015 (GBP)		31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)
ASSETS
fixed assets	93.90	0.02%	107.80	0.02%	129.00	0.02%	149.00	0.02%	m
intangibles	3,704.20	0.80%	4,123.50	0.73%	4,590.00	0.62%	4,687.00	0.56%	m
fixed investments	134.40	0.03%	121.20	0.02%	151.00	0.02%	299.00	0.04%	m
current assets - other	458,018.00	98.87%	558,460.31	98.88%	734,822.01	99.04%	835,337.98	99.11%	m
stocks	3.70	0.00%	3.30	0.00%	-	-%	-	-%	m
debtors	373.10	0.08%	828.70	0.15%	907.00	0.12%	863.00	0.10%	m
cash & securities	923.90	0.20%	1,150.70	0.20%	1,381.00	0.19%	1,510.00	0.18%	m

TOTAL	463,251.20	100%	564,795.51	100%	741,980.01	100%	842,845.98	100%	m

LIABILITIES
creditors - short	458,050.90	98.88%	559,760.21	99.11%	736,171.98	99.22%	836,852.97	99.29%	m
creditors - long	1,465.20	0.32%	1,421.60	0.25%	2,056.00	0.28%	2,295.00	0.27%	m
creditors - other	539.00	0.12%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	460,055.10	99.31%	561,181.81	99.36%	738,227.98	99.49%	839,147.97	99.56%	m

EQUITY
ord cap, reserves	2,743.90	0.59%	3,105.90	0.55%	3,227.00	0.43%	3,343.00	0.40%	m
prefs, minorities	452.20	0.10%	507.80	0.09%	525.00	0.07%	355.00	0.04%	m

TOTAL	3,196.10	0.69%	3,613.70	0.64%	3,752.00	0.51%	3,698.00	0.44%	m

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

London Stock Exchange Cash Flow Statement

	31 Dec 2015 (GBP)	31 Dec 2016 (GBP)	31 Dec 2017 (GBP)	31 Dec 2018 (GBP)
Operating CF	497.90	221.00	659.00	722.00	m
Pre-Financing CF	411.90	-22.10	-162.00	559.00	m
Retained CF	90.30	-213.50	216.00	84.00	m

London Stock Exchange Brokers

Name	Activity	Type	Mnemonic	Code
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC