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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Moneysupermarket.com Group PLC    MONY   GB00B1ZBKY84

MONEYSUPERMARKET.COM GROUP PLC

(MONY)
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Moneysupermarket.com slumps after strategy shift stalls growth

02/22/2018 | 05:35am EST

LONDON (Reuters) - Price comparison website Moneysupermarket.com (>> Moneysupermarket.com Group) said its earnings would not grow this year as it tries to reinvent itself to focus on more personalisation, mobile and new products like mortgages, sending its shares down 25 percent.

LONDON (Reuters) - Price comparison website Moneysupermarket.com (>> Moneysupermarket.com Group) said its earnings would not grow this year as it tries to reinvent itself to focus on more personalisation, mobile and new products like mortgages, sending its shares down 25 percent.

The British group, which offers deals on products like insurance, credit cards and utilities, said its revenue would also grow more slowly than the market while it shifts strategy.

It said it had started the year with revenue growth of around 4 percent, in line with last year, but lagging the wider market, which it expects to grow by 6-7 percent this year.

The slow growth, and an additional 5 million pounds of spending on product engineering, would results in core earnings coming in around 2017's 127 million pounds ($176 million), around 10 percent below analysts' forecasts.

Shares in the company slumped as much as 26 percent to a 18-month low on Thursday as the investors baulked at the guidance. They were trading down 18 percent at 269.5 pence at 0937 GMT.

Chief Executive Mark Lewis, who joined the company from retailer John Lewis in March 2017, said he wanted to make its price comparisons easier, quicker and simpler.

"Our goal is to offer our customers ways to save that they didn't know existed and to do so in a way that is as effortless as we can make it," he said.

Moneysupermarket, like its rivals Comparethemarket.com, Gocompare.com (>> Gocompare.Com Group PLC) and Confused.com, spends heavily on marketing to help attract and retain customers.

Its advertising campaigns, which use the strap line "You're so Moneysupermarket," featured 1980s children's characters "He-Man" and Skeletor" last year.

Analyst Ian Whittaker at Liberum, who has a "hold" rating on the shares, said he expected a 10 percent downgrade to 2018 consensus estimates.

"While the new strategy does make sense, it highlights the fundamental issue, i.e. that barriers in price comparison websites are low, although Moneysupermarket's new strategy is looking to address that," he said.

Hedge funds missed out on the profits to be gained from Thursday's share fall, with just 5,617 shares out on loan, or 0.001 percent, according to data from FIS’ Astec Analytics.

The company reported a 5 percent rise in core earnings to 127.2 million pounds on revenue of 329.7 million pounds, up 4 percent, for 2017.

(Reporting by Paul Sandle and Maiya Keidan; Editing by Adrian Croft)

Stocks treated in this article : Moneysupermarket.com Group, Gocompare.Com Group PLC

© Reuters 2018
Stocks mentioned in the article
ChangeLast1st jan.
DEERE & COMPANY 2.02% 300.94 Delayed Quote.9.64%
GOCO GROUP PLC 2.89% 128 Delayed Quote.-0.78%
JUST GROUP PLC 3.42% 77.05 Delayed Quote.11.09%
MONEYSUPERMARKET.COM GROUP PLC 2.61% 267.2 Delayed Quote.2.99%
NEXT PLC 1.60% 8112 Delayed Quote.14.48%
SHIFT, INC. 0.50% 12070 End-of-day quote.-15.65%
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Financials
Sales 2020 345 M 472 M 472 M
Net income 2020 67,3 M 92,1 M 92,1 M
Net cash 2020 27,6 M 37,8 M 37,8 M
P/E ratio 2020 21,4x
Yield 2020 4,08%
Capitalization 1 440 M 1 965 M 1 971 M
EV / Sales 2020 4,10x
EV / Sales 2021 3,78x
Nbr of Employees 803
Free-Float 98,2%
Chart MONEYSUPERMARKET.COM GROUP PLC
Duration : Period :
Moneysupermarket.com Group PLC Technical Analysis Chart | MONY | GB00B1ZBKY84 | MarketScreener
Technical analysis trends MONEYSUPERMARKET.COM GROUP PLC
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 13
Average target price 324,39 GBX
Last Close Price 268,40 GBX
Spread / Highest target 49,0%
Spread / Average Target 20,9%
Spread / Lowest Target -10,6%
EPS Revisions
Managers and Directors
NameTitle
Peter Bernard Duffy Chief Executive Officer & Director
Robin Freestone Chairman
Scilla Grimble Chief Financial Officer & Director
Timothy Jones Chief Information Officer
Sally Ann James Senior Independent Non-Executive Director
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