Dublin headquartered Experian Plc is engaged in the business of data, analytics and software to deliver a bunch of services for the clients and consumers. Its areas of operation are categorised into segments like Credit Service, Decision Analytics and Consumer Services. The information service company has a presence in North America, Latin America, the UK and Ireland, the Middle East, Africa and the Asia Pacific.
On May 15, 2019, the group reported its full year financial results for the period ended March 31, 2019. Reported revenue from ongoing activities at constant currency basis grew by 9 per cent to US$ 4,855 mn against the US$ 4,572 mn reported in FY18. The group experienced robust growth across all regions with remarkable performance in North America, EMEA and Asia Pacific region.
In FY19, the B2B delivered strong growth with revenue grew organically by 9 per cent and supported by good take-up rates for a new source of data and new product innovations. Consumer services organic revenue surged by 6 per cent and the group introduced new offers and established relationships with millions of consumers.
Benchmark EBIT (ongoing activities) has increased by 10 per cent at constant currency rates and 5 per cent by actual currency to US$ 1,306 mn. Benchmark earnings per share surged by 9 per cent on a constant currency basis to US 98.0c.
Total dividend stood at US 46.5 cents per share and increased by 4 per cent on actual exchange rates.
During FY19, the group completed the share buy-back programme for a total consideration US$ 215 mn and announced a new share repurchase programme of up to US$ 400 mn.
At the end of the financial year 2019, the net debt stood at US$ 3,275 mn, which was 2x of benchmark EBITDA by the end of the financial year.
Return on Capital for FY19 improved by 40 bps to 15.9 per cent vs 15.5 per cent in 2018.
Share Price Performance
Daily Price Chart (as on May 15, 2019), before the market close. (Source: Thomson Reuters)
At the time of writing (as on May 15, 2019, at 04:39 PM GMT), shares of EXPN were quoting at GBX 2,237 and added 28 points or 1.27 per cent against the previous day close. During the past one year, shares have touched a 52w high of GBX 2,256.0 and a 52w low of GBX 1,703.5.
From the moving average standpoint, shares were trading above the 30-day, 60-day and 200-day simple moving average prices, which is a favourable technical indicator and indicates that stock has potential to move up further from the current trading levels.
Total outstanding market capitalization stood at around GBP 20.38 billion with a dividend yield of 1.57 per cent.