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Highlights

  • YouGov's H1 FY24 revenue reached GBP 143.10 million, up 8.9% year-over-year.
  • Adjusted operating profit for H1 FY24 rose to GBP 27.90 million, a 23.5% increase from last year.
  • Full-year revenue projections for FY24 are between GBP 327 million and GBP 330 million.
  • YouGov aims for medium-term revenue of GBP 650 million following the CPS acquisition.

YouGov PLC (LSE:YOU) specializes in online research, data, and analytics. The company is a member of the FTSE AIM UK 50 Index and has a market cap of GBP 493mn.

In H1 FY24, YouGov reported revenue of GBP 143.10 million, up 8.9% from GBP 131.40 million in H1 FY23 (pcp). This growth came from steady demand in its data products and research divisions, even though the overall market was weak.

Adjusted operating profit increased to GBP 27.90 million, a rise of 23.5% from GBP 22.60 million in pcp. This improvement was partly due to the acquisition of GfK GmbH's consumer panel services, but there was a slight decrease in gross margins, leading to an underlying change of 4%.

Recent Business Update

YouGov will announce its full-year results for the year ending July 31, 2024, on Tuesday, October 29, 2024. In its recent trading update, YouGov projected revenues for FY24 between GBP 327 million and GBP 330 million. Adjusted operating profit is anticipated to lie in the range of GBP 43 to 46 million. The custom research segment performed well, while revenue from data products remained stable. As of July 31, 2024, YouGov had about GBP 70 million in cash and an undrawn revolving credit facility of Euro 16 million, keeping its leverage ratio within 1.8-2.0x.

Company Outlook

YouGov noticed a slowdown in sales in the first quarter. However, in the second quarter of FY24, sales picked up speed. This growth is due to clients looking for high-quality, data-driven solutions. The sales pipeline looks healthy with more than 75% of standalone revenue already secured.

Even though there may be some economic effects on client spending, YouGov believes it can meet its full-year goals. The company is focused on careful investments and operations. It has a new Chief Commercial Officer to help with this. Additionally, the company has updated its medium-term revenue target to GBP 650 million after the CPS transaction.

Top 10 Shareholders:

About 43.03% of YouGov's shares are owned by the top ten shareholders. Liontrust Investment Partners LLP has the highest shares, holding about 9.83%. Octopus Investments Limited follows with around 6.35% stake. The chart below depicts this information.

Price Performance

The stock price of YOU has dropped about 11.44% in the last month. Over the last six months, it has fallen by around 49.82%. Its 52-week low is GBX 402.63, while the high is GBX 1,285.13. Presently, the stock is trading below the average of these highs and lows. As of October 14, 2024, the closing price is GBX 422.00.

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 14 October 2024. The reference data in this report has been partly sourced from EODHD/Others.