Experian reported mixed results for H1 FY21/22. While the revenue and benchmark EBIT were largely in line with street expectations, the cash from operations missed market consensus by 17%. On the positive side, management has once again upgraded the revenue guidance for FY21/22. However, given that the stock is already trading at a considerable premium to its long-term average, we maintain our cautious stance on the stock’s valuation.
17 Nov 2021
Impressive H1 earnings mired by poor operating cash flow
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Impressive H1 earnings mired by poor operating cash flow
Experian PLC (EXPN:LON) | 3,276 1048.2 1.0% | Mkt Cap: 30,085m
- Published:
17 Nov 2021 -
Author:
Nupur Gupta -
Pages:
3
Experian reported mixed results for H1 FY21/22. While the revenue and benchmark EBIT were largely in line with street expectations, the cash from operations missed market consensus by 17%. On the positive side, management has once again upgraded the revenue guidance for FY21/22. However, given that the stock is already trading at a considerable premium to its long-term average, we maintain our cautious stance on the stock’s valuation.