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Future plcFUTR.LCompetitor analysis, valuation and peers

United Kingdom · GBP·Communication Services›Publishing: Books/Magazines
Momentum neutral 47
Mkt cap
$372M
US dollars, full cap
Free float
91%
of shares outstanding
$/day
$1.57M
20-day average traded
Fwd P/E
3.1×
forward earnings
ROIC−WACC
-3.7 pp
WACC 9.8%
Hurdle
-24 pp
Req g minus delivered
Next earnings
27 days
3 Dec 2026
Close · GBP£318.00
1D-0.6%
1W+11.7%
1M+7.0%
3M-1.0%
6M+4.6%
YTD-39.6%
1Y-46.4%
ATR %5.4%
52w lowhigh52.7% off high

What Future does

Employees: 2,991

Future at a glance

Size Future (FUTR.L) is a United Kingdom Communication Services company (Publishing: Books/Magazines) with a market value of $372M, the 333rd largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £318.00 on 6 Nov 2026.

Performance Over six months the shares gained 4.6%, against -3.6% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 7th highest of 18 in its peer set.

Growth Revenue fell 8.4% over the last twelve months (peer median -2.5%); the operating margin is 15.7% (peer median 7.2%).

Valuation It trades at 3.1× forward earnings against a peer median of 20.2× (cheapest of 12).

Price implies For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -24 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 3.7 points below its cost of capital (9.8% WACC).

Next results Next results expected around 3 Dec 2026 (exchange calendar; dates can move).

Relative performance

10012011 May 202611 Aug 20266 Nov 2026FUTR.L 110Peer median 97
Six months, rebased to 100: Future against the median of its 17 peers (local-currency closes).

Future financials

Reported figures in GBP; fiscal year ends 2025-09-30. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue£710M£739M£788M£789M£825M
Revenue growth—-6%0%-4%—
Gross profit£229M£258M£271M£308M£354M
EBITDA£182M£207M£223M£278M£283M
Net income£36.5M£66.3M£76.8M£113M£122M
Free cash flow£108M£114M£167M£181M£200M
Capital expenditure£18.8M£16.2M£13.9M£11.3M£11.6M
Total debtn/a£337M£334M£432M£521M

Quarterly statements and history in the cockpit →

Future competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%+40%-20%0%603096VALUMPSLTDWILPRS603230603999MN300654601999301025SCHLBMY300788STORY-B605577FUTR.L6-month return →1-month return →
Up and to the right = strong over both horizons. Future is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%0×50×100×603096MPSLTDWILPRSMN300654SCHLBMY600551300788STORY-BFUTR.LRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Future is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%-25%0%25%50%603096VALUMPSLTDWIL603230603999MN300654601999301025BMY600551STORY-BFUTR.LGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Future is the large dot.

Future competitors and peer comparison

How Future compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Future against its 17 peers (data as of 6 Nov 2026)
MeasureFUTR.LPeer medianRank in peer set
1-month return+7.0%+1.2%4th highest of 18
6-month return+4.6%-3.6%7th highest of 18
Distance from 52-week high-52.7%-24.1%lowest of 18
Revenue growth (TTM)-8.4%-2.5%4th lowest of 18
Operating margin15.7%7.2%3rd highest of 18
Forward P/E3.1×20.2×cheapest of 12
Growth the price implies (Req g, 7 yrs)-6.8%12.0%2nd least demanding of 16
Growth delivered (Del g)+16.8%+0.7%highest of 16
Hurdle (Req g minus delivered)-23.6 pp+12.8 ppleast demanding of 16
ROIC minus cost of capital-3.7 pp+2.1 pp4th lowest of 17
EV / EBITDA3.4×12.5×cheapest of 9
Net debt / EBITDA1.9×-0.2×4th most indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Future FUTR.LUnited Kingdom$372M+5%-8%16%3.1×-6.8%+16.8%
Thinkingdom Media 603096.SSChina$383M-9%-7%13%29.1×6.9%-5.9%
Value Line VALUUnited States$398M+22%-5%11%n/a33.3%-3.7%
MPS MPSLTD.NSIndia$404M+36%+10%29%18.2×9.6%+12.7%
Wilmington WIL.LUnited Kingdom$339M+12%+18%20%10.3×1.1%+1.2%
Promotora de Informaciones PRS.MCSpain$338M-23%0%8%50.0×n/an/a
Inner Mongolia Xinhua Distribution 603230.SSChina$554M-3%-27%1%n/a34.7%+3.6%
DuZhe Publishing&Media 603999.SSChina$577M0%-6%2%n/a24.3%-3.5%
Arnoldo Mondadori Editore MN.MIItaly$579M-5%+2%9%8.8×-4.9%+4.6%
Astro Century Education & Technology 300654.SZChina$580M-4%-3%4%132.0×48.9%+7.3%
Northern United Publishing & Media (Group) 601999.SSChina$581M-4%-20%2%n/a20.0%-3.8%
Dook Media 301025.SZChina$603M-11%-5%4%n/a52.3%-3.1%
Scholastic SCHLUnited States$685M-7%-3%1%20.8×n/an/a
Bloomsbury Publishing BMY.LUnited Kingdom$722M+9%-7%9%14.1×0.7%+12.0%
Time Publishing & Media 600551.SSChina$761M-5%-25%4%11.7×-21.0%+0.7%
Citic Press 300788.SZChina$958M-6%-2%1%42.0×26.8%-2.1%
Storytel STORY-B.STSweden$1.01B+37%+9%12%20.2×12.0%+12.5%
Heilongjiang Publishing & Media 605577.SSChina$1.03B+37%+2%7%n/a3.2%-0.5%

Questions

Which companies are Future's closest peers?
The cockpit's peer set: Thinkingdom Media (603096.SS), Value Line (VALU), MPS (MPSLTD.NS), Wilmington (WIL.L), Promotora de Informaciones (PRS.MC), Inner Mongolia Xinhua Distribution (603230.SS), DuZhe Publishing&Media (603999.SS), Arnoldo Mondadori Editore (MN.MI).
Is Future expensive compared with its peers?
On forward p/e it trades at 3.1× against a peer median of 20.2×, cheapest of 12 in its peer set. For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -24 pp: the price already allows for a slowdown.
How has Future stock performed?
Over six months to 6 Nov 2026 the shares returned +4.6% against -3.6% for the median peer; over one year -46.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.