PEARSON ORD GBP0.25
Symbol: PSON
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Charts
Company
Business Summary
Pearson plc is a learning company with its principal operations in the education, assessment and certifications markets. The Company provides digital content, learning experiences, assessments, qualifications and data in the learning market. The Company’s divisions include Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills and Higher Education. The Assessment & Qualifications division includes Pearson VUE, US Student Assessment, Clinical Assessment, UK GCSE and A Levels and International academic qualifications and associated courseware including the English-speaking Canadian and Australian K-12 businesses. The Virtual Learning division includes virtual schools and online program management. The English Language Learning division includes Pearson Test of English, Institutional Courseware and English Online Solutions. The Workforce Skills division includes BTEC, GED, TalentLens, Faethm, Credly, Pearson College and Apprenticeships.
Financial Summary
BRIEF: For the fiscal year ended 31 December 2023, Pearson plc revenues decreased 4% to £3.67B. Net income increased 56% to £378M. Revenues reflect Virtual Learning segment decrease of 25% to £616M, Strategic Review segment decrease of 94% to £9M, USA segment decrease of 6% to £2.5B, Other European Countries segment decrease of 32% to £130M. Net income reflects Administrative and other expenses decrease of 12% to £1.14B (expense).
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Revenue | 3,674.00 | 3,841.00 | 3,428.00 | 3,397.00 | 3,869.00 | 4,129.00 |
Gross profit | 1,835.00 | 1,795.00 | 1,681.00 | 1,630.00 | 2,011.00 | 2,186.00 |
Operating Profit/Loss | 498.00 | 271.00 | 183.00 | 411.00 | 275.00 | 553.00 |
Profit Before Tax | 493.00 | 323.00 | 177.00 | 380.00 | 232.00 | 498.00 |
Profit After Tax | 380.00 | 244.00 | 178.00 | 330.00 | 266.00 | 590.00 |
Equity Holders of Parent Company | 378.00 | 242.00 | 177.00 | 330.00 | 264.00 | 588.00 |
Minority Interest | 12.00 | 11.00 | 9.00 | 9.00 | 8.00 | 7.00 |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 4,296.00 | 4,522.00 | 4,129.00 | 4,184.00 | 4,874.00 | 5,177.00 |
Total Current Assets | 2,431.00 | 2,802.00 | 3,214.00 | 3,267.00 | 2,776.00 | 2,728.00 |
Total Assets | 6,727.00 | 7,324.00 | 7,343.00 | 7,451.00 | 7,650.00 | 7,905.00 |
Total Liabilities | 2,739.00 | 2,909.00 | 3,063.00 | 3,317.00 | 3,327.00 | 3,380.00 |
Total Net Assets | 3,988.00 | 4,415.00 | 4,280.00 | 4,134.00 | 4,323.00 | 4,525.00 |
Shareholders Funds | 3,974.00 | 4,402.00 | 4,270.00 | 4,125.00 | 4,313.00 | 4,516.00 |
Minority Interests | 12.00 | 11.00 | 9.00 | 9.00 | 8.00 | 7.00 |
Total Equity | 3,988.00 | 4,415.00 | 4,280.00 | 4,134.00 | 4,323.00 | 4,525.00 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy3 |
Buy4 |
Neutral4 |
Sell0 |
Strong Sell1 |
---|---|---|---|---|---|
Brokers | 3 | 4 | 4 | 0 | 1 |
Consensus |
ConsensusBuy |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2024 | 2025 | 2026 |
---|---|---|---|
Revenue | £3,674.26mn | £3,837.79mn | £3,988.87mn |
Pre-tax-Profit | £614.21mn | £660.93mn | £686.90mn |
EPS | £0.63p | £0.70p | £0.77p |
EPS Growth | 7.67% | 11.38% | 10.01% |
P/E | 15.85 | 14.23 | 12.94 |
PEG Ratio | 2.07 | 1.25 | 1.29 |
Dividend | 23.92p | 26.35p | 28.87p |
Yield | 0.00% | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
2nd Apr 2024 | Shore Capital | Reiteration | 1025p | 0p | 0p | Buy |
20th Mar 2024 | JP Morgan Cazenove | Reiteration | 1010p | 1200p | 1220p | Overweight |
5th Mar 2024 | JP Morgan Cazenove | Reiteration | 1025p | 1160p | 1200p | Overweight |
1st Mar 2024 | Shore Capital | Reiteration | 1014p | 0p | 0p | Buy |
6th Feb 2024 | Barclays | Reiteration | 940p | 975p | 965p | Equal-weight |
2nd Oct 2023 | Barclays | Reiteration | 857p | 900p | 930p | Equal-weight |
13th Sep 2023 | JP Morgan Cazenove | Reiteration | 889p | 1190p | 1210p | Overweight |
31st Aug 2023 | Shore Capital | Reiteration | 839p | 0p | 0p | Buy |
23rd Jun 2023 | JP Morgan Cazenove | Reiteration | 822p | 0p | 1230p | Overweight |
15th Jun 2023 | JP Morgan Cazenove | Reiteration | 825p | 0p | 1230p | Overweight |
Time & Sales
Sorry, sales information on this investment is not available at this time.