Consensus estimates

Analyst Ratings and Forecasts

Consensus estimates (as at 2 November 2018)

Analyst Ratings

 

Outperform

10

Hold

3

Underperform

1

 

 

Share price (02 November 2018) :

4,287

Historic PE ratio (CY 2017) :

28.8

Forward PE ratio (CY 2018) :

24.8

Forward PE ratio (CY 2019) :

21.5

Dividend yield (historic - CY 2017) :

1.2%

 

Analyst Forecasts

2018 forecasts based on 10 analysts models and 2019/20 based on 6 analyst models published post 2018 Q3 Trading Statement (issued 19 October 2018) and with data on a consistent basis (includes impact of IFRS 15 accounting changes on Capital Markets and excludes planned increased stake in LCH of up to 15.1% - quantum and timing to be confirmed) 

Financial Year Average High Low
Total Income £m Dec 2018 2,130 2,151 2,115
Dec 2019 2,286 2,312 2,233
      Dec 2020 2,462 2,489 2,426
 
Earnings before interest, tax, depreciation and amortisation  Dec 2018 1,067 1,082 1,050
Dec 2019 1,186 1,212 1,157
Dec 2020 1,323 1,350 1,292
 
Adjusted Operating profit £m Dec 2018 937 952 920
Dec 2019 1,054 1,075 1,021
      Dec 2020 1,185 1,195 1,159
 
Adjusted basic EPS (pence) Dec 2018 172.9 176.8 169.4
Dec 2019 199.2 201.2 192.4
      Dec 2020 229.5 233.7 223.8
 
Dividend (pence) Dec 2018 59.6 61.6 58.2
Dec 2019 67.7 71.5 65.0
Dec 2020 75.8 82.7 66.1
 
 
Actuals
Adjusted
operating Adjusted
Continuing operations only: Income profit basic EPS Dividend
£m £m (pence) (pence)
Dec 2017^ 1,955 915 148.7 51.6
Dec 2016^ 1,657.1 685.8 124.7 43.2
Dec 2015^ 1,418.6 584.7 103.4 36.0
Dec 2014* 1,381.1 558.0 103.3 22.5
Mar 2014 1,213.1 514.7 98.6 28.4
Mar 2013 852.9 430.2 97.0 27.2
Mar 2012 814.8 441.9 92.6 26.1
Mar 2011 674.9 341.1 67.9 24.7
Mar 2010 628.3 280.3 55.4 22.5
Mar 2009 671.4 340.7 68.3 22.5
Mar 2008 Pro Forma # 666.8 345.2 67.3 22.1
Mar 2007 349.6 187.5 51.8 16.6
Mar 2006 297.5 121.6 34.5 11.1

^ 2015 and 2016 continuing operations exclude businesses sold, being Russell Investment Management and Proquote 

* Change of financial year with effect from 1 April 2014, Dec 2014 dividend declared of 22.5p is in respect of 9 month period April to December 2014. December 2015 proposed dividend.

Adjusted earnings per share and dividends have been restated for the year ended 31 March 2014 and prior years, for the September 2014 rights issue

# Financial information for the year ended 31 March 2008 includes information for the Italian group and its subsidiaries on a pro forma basis as if Borsa Italiana was part of the Group since 1 April 2007 (actual merger date 1 October 2007).

The sell-side analysts who cover London Stock Exchange Group plc and whose estimates are included in the above-outlined consensus are listed here.

Please note that any opinions, estimates or forecasts regarding London Stock Exchange Group plc performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of the London Stock Exchange Group plc or its management. The number of analysts that are included in the above consensus may differ from the total number of analysts that cover the London Stock Exchange Group plc, due to out of date forecasts (more than 6 months since update) or change at the analysts' company.