Added to YB: 2026-09-28
Pitch date: 2026-09-23
LSEG.L [neutral]
London Stock Exchange Group plc
-0.39%
current return
Author Info
Business Model Mastery is a daily, easily digestible guide to mastering how businesses work. Build a mental database of companies, compare opportunities, and quickly assess business models with confidence—gaining an edge over other market participants. Sign up for the newsletter.
Company Info
London Stock Exchange Group plc provides financial markets infrastructure and data products in the United Kingdom, the United States, Europe, Asia, and internationally.
Market Cap
GBP 39.7B
Pitch Price
GBP 82.32
Price Target
N/A
Dividend
1.92%
EV/EBITDA
15.66
P/E
29.77
EV/Sales
5.32
Sector
Capital Markets
Category
growth
LSEG Stock Analysis: The Exchange Became a Data Empire. Now Refinitiv Must Prove the Price Was Worth Paying.
LSEG.L (overview): London Stock Exchange Group is now global financial-data infrastructure, with workflow switching costs, clearing network effects and recurring subscriptions. H1 2026 organic income grew ~8%, adjusted EPS rose ~17% and equity free cash flow reached ~£1.2B. Based on normalized owner earnings of 450-500p, £82-£100 could support 8-10% annual returns; the key question is whether Refinitiv earns adequate returns on its enormous invested capital.
Read full article (3 min)