|
Towards streaming and content STV continues to be viewed as a mature broadcaster, yet it is transforming into a growing streaming and production business. We see continued double-digit growth prospects in these areas, together with a resilient broadcast business, and calculate five-year growth of 7% pa in revenue / 10% pa in operating profit for the group (FY23E-FY28E). Near-term economic pressures are factored into current EPS estimates, but should also drive eyeballs towards STV's free AVOD service. Current valuation (7.6x FY23E EPS / 4.3% dividend yield) looks modest given the longer-term potential. |
Subscribe to Progressive's research, which is freely available to every type of investor, and be kept informed about our regular programme of investor engagement.
About Progressive:
Progressive helps you make informed investment decisions. FCA authorised and regulated, and with a 15-strong team of highly experienced analysts, we provide freely available institutional grade equity research and access to company management teams across every sector of the market.
|
Broad coverage |
Analyst calibre |
|||
|
across 12 sectors |
||||
|
Business Services |
Oil & Gas |
15 |
with average |
20
|
|
Financials |
Property |
experience of |
||
|
Healthcare |
Retail |
|||
|
Industrials |
Technology |
30+ |
techMARK |
|
|
Investment Trusts |
Telecoms |
industry based |
Extel |
|
|
Mining |
Utilities |
awards |
StarMine |
|
For further information please contact:
Keith Hodgskiss
+44 (0) 20 7781 5315
khodgskiss@progressive-research.com