Share RELX trading with a premium in European publishing sector

The Dutch stock RELX trades currently with one the highest CAPE-ratios of the European publishers. Currently the share is now traded at 47 times the past 10 year's average profit per shares (CAPE). With this the stock trades significantly higher than the average European stock of the publishers which now costs 10 times the average 10-years EPS.

Core figures European publishers

We further see that over the past year the European publishers yielded 28 percent higher staan. They performed better than the Americans sector that yielded 2 percent.The American sector trades with a CAPE-ratio of 24. The CAPE-ratio's level doesn't seemt to have a relation with the price returns as the higher returns don't all have higher CAPE-ratios.

Based on the analysts' estimates both the revenue and the net result would be the highest in years. Over the current book year the total revenue will be 8,74 billion euros (consensus estimates). The expected revenue would be a record for the company. This is hugely more than 2016's revenue of 6,9 billion euros.

Historical revenues and results RELX plus estimates 2017

The analysts anticipate for 2017 a recordnet profit a 1,77 billion euros. For this year the consensus of RELX's result per share is a profit of 94 cent. So the price/earnings-ratio equals 19,78.

For this year the analysts expect a dividend of 0,46 cent per share. The dividend yield is then 2,47 percent. The average dividend yield of the publishers equals a moderate 0,80 percent.

Most recent target prices around 21 euros

The most recent recommendations for the publisher are from Credit Suisse , ABN AMRO and UBS .

Based on the current number of shares RELX's market capitalization equals 18,32 billion euros.

Historical stock prices RELX period 2007-2017

At 14.10 the stock trades 0,73 percent higher at 18,59 euros.

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