WPP: Ad Giant Still Looks Attractively Valued [Seeking Alpha]
WPP plc American Depositary Shares (WPP)
US:NYSE Investor Relations:
wpp.com/wpp/investor/financialnews
Company Research
Source: Seeking Alpha
The company aims to improve its business performance with targets for revenue growth, operating profit margin, and operating cash flow conversion. WPP's dividend remains below pre-pandemic levels, but the attractive yield and potential for dividend growth make the shares appealing. Advertising agency network WPP ( NYSE: WPP ) continues to reorganise its business in an ever-evolving ad landscape. This year, for example, has seen the launch of VML after VMLY&R and Wunderman Thompson merged. I last covered the name in my October 2022 “buy” note WPP: Looking Cheap For A Global Ad Giant , since when the shares have moved up 7%. I continue to see the shares as undervalued from a long-term perspective and maintain my “buy” rating. Business Performance is Set to Improve This Year Last month the company reported its 2023 results. Revenue ticked up modestly, but pre-tax profit crashed 70%. The big driver for that was mainly accelerated amortisation of previously indefinite life brand
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WPP
News
- WPP (LON:WPP) Is Due To Pay A Dividend Of £0.244 [Yahoo! Finance]Yahoo! Finance
- The Lacek Group Tackles "Next-Gen Engagement Marketing" in New White PaperPR Web
- Digital Ads Announces Expansion of Multi-Faceted Practices in Different Industries [Yahoo! Finance]Yahoo! Finance
- WPP First Quarter Trading Update [Yahoo! Finance]Yahoo! Finance
- WPP First Quarter Trading UpdateBusiness Wire
WPP
Sec Filings
- 4/25/24 - Form 6-K
- 4/5/24 - Form SC
- 4/2/24 - Form 6-K
- WPP's page on the SEC website