Analyst Research Report Snapshot

Title:

CRESTON - DIGITALLY DRIVEN

Price:

$10.00

Provider:

Edison Investment Research

Date:

12 Jun 2013

Pages:

12

Type:

AcrobatPDF

Companies referenced:

CRCRE.L CHW.L CLL.L EURC.PA FOUR.L HNTS.L NFC.L SAA.L SAL.L WPP.L

Available for Immediate Download
Summary:

Creston’s FY13 results show a resilient performance, with international and digital taking a growing proportion of revenue. Good new client wins and an increasing level of cross-agency work should now drive revenues and this should be reflected more strongly in earnings in future years. Creston has a strong balance sheet with net cash to fund expansion. It no longer has a major overhang of deferred payments. At 3.5x calendar 2013 EV/EBITDA, the shares are at an overly large discount to other agencies.

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.