Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Future plc is a British publishing company and FTSE 250 constituent listed on the London Stock Exchange, founded in 1985 with a single print magazine focused on technology. It has evolved into a global leader in specialist media, operating over 200 multiplatform brands across technology, gaming, entertainment, fashion, lifestyle, sports, finance, and B2B sectors. The company delivers trusted expert content through websites, magazines, events, newsletters, and social channels, reaching 479 million people monthly, including 226 million website users and 221 million social followers. Notable brands include TechRadar, PC Gamer, GamesRadar+, Marie Claire US, Tom's Guide, and Go.Compare, a leading price comparison service. Future plc powers its operations with proprietary technologies like Hawk for eCommerce, Aperture for audience data, and Vanilla for content management, fostering engaged communities and innovative advertising solutions. Through strategic acquisitions such as TI Media, Dennis Publishing, and Who What Wear, it has expanded into video production via Future Studios and print distribution via Marketforce, solidifying its role as a multiplatform media powerhouse connecting passions worldwide.
£2.96
£0.07 (-2.31%)
EOD Jul 3, 2026
18.86% operating margin is respectable but not wide. ROIC at 7.26%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 6.2% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 35% versus the prior year, cash generation momentum has weakened.
4.8x earnings, 3.1x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
£739M
▼ -6.2% YoY
Net Income (TTM)
£66M
▼ -13.7% YoY
Op. Margin
18.86%
▲ +1.0pp YoY
ROIC
7.26%
▲ +0.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
£101M
▼ -35.2% YoY
Op. Cash Flow (TTM)
£107M
▼ -32.8% YoY
Net Debt
£310M
Cash & Equiv.
£28M
3Y CAGR: -3.6%
3Y CAGR: -19.1%
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At a P/E of 4.8 and a price-to-free-cash-flow of 3.1, Future (FUTR.XLON) trades below a two-stage DCF intrinsic value of about £13.63 per share, so at £2.96 the stock looks undervalued (360.6% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Future scores 35/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 1.2%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about £13.63 per share for FUTR.XLON, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around £10.22. At today's £2.96, that puts the stock about 360.6% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Future scores 35 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 18.9% operating margin and a 7.3% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Future pays a regular dividend of about £0.03 per share per year (typically in quarterly installments), a yield of roughly 1.2% at the current price. That is a payout ratio of about 5.6% of earnings, so the dividend is amply covered by earnings. Future has grown the dividend at roughly 23.3% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For FUTR.XLON's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. FUTR.XLON currently trades below its estimated intrinsic value and scores 35/100 on quality (lower-quality). It also yields about 1.2%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.