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Pin to quick picksTeam Internet Company Research (TIG)

Share Price Information for Team Internet (TIG)

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34.00    0.00 (0.00%)
Bid:
33.00
Ask:
35.00
Spread: 2.00 (6.061%)
Market Cap: £85.05m
TIG Live PriceLast checked at - London Stock Exchange

Intraday Team Internet Share Chart

Team Internet Group - Stability amid setbacks

Mon, 11th Nov 2024 11:04

In the face of an advertising market that has not picked up in Q324, Team Internet’s core business has performed creditably. However, Shinez has significantly underperformed expectations and is unlikely to contribute materially to profits in our forecast period. Combined with a moderation in our forecasts for the core business, we now expect earnings to remain broadly flat in FY24 and FY25, which results in a 17.6% reduction to FY25e EPS. The FY25e P/E rating of 5.6x with a 20% free cash flow (FCF) yield looks overly discounted.

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