# GlobalData (DATA.LSE)

Canonical: https://gigainvestors.com/s/DATA.LSE

Analysis as of: 2026-10-16T07:46:24.629Z. Financial observations: FY2002–FY2025.

Listing currency: GBX. Reporting currency: GBP.

## Verdict

A wonderful business at a fair price

Quality tests for Buy: pass (profit record: pass; earnings resilience is evidence only). Published buy qualification: yes.

Share price: GBX 64.90 per share; close as of 2026-10-15.

Estimated value: low GBX 82.15 per share, central GBX 92.54 per share, high GBX 106.36 per share. Buy at or below the central value GBX 92.54 per share. Valuation as of 2026-10-16T07:46:24.629Z; scenarios are not confidence intervals.

Expected annual return: 13.5% at the stated quote. About 13.5% a year at today's price (required return 10.0%). required return 10.0% a year (10% floor; GB 10-year bond 5.4% + 4 points).

## Checklist

### understandable: fail

- 0 revenue declines in the last 10 years (informational)

- operating margin variation exceeds 0.35

- Financial history: 10 years

- Years with declining revenue: 0

- Years with a net loss: 2

- Operating margin variation: 0.66×

Chart: Operating margin; fiscal year observations.

- FY2016: 0.02×

- FY2017: 0.04×

- FY2018: 0.02×

- FY2019: 0.08×

- FY2020: 0.18×

- FY2021: 0.22×

- FY2022: 0.26×

- FY2023: 0.27×

- FY2024: 0.23×

- FY2025: 0.30×

### moat: pass

- ROIC, median of available years: >100%

- ROIC, second-lowest year: 27.1%

- Typical minus recent gross margin: -4.2 pp

- Typical gross margin (annual median): 38.4%

- Recent gross margin (lower of latest and 3-year median): 42.7%

- Years with nonpositive capital: 0

- Capital spending / revenue: 0.9%

- ROIC including acquisitions, ten-year median: 9.5%

Chart: ROIC excluding acquisitions; fiscal year observations.

- FY2016: 10.9%

- FY2017: 42.9%

- FY2018: >100%

- FY2019: 27.1%

- FY2020: >100%

- FY2021: >100%

- FY2022: >100%

- FY2023: >100%

- FY2024: 68.1%

- FY2025: >100%

### economics: pass

- Owner earnings / net income, 5-yr: 1.27×

- Cash conversion uses consolidated totals: No

- Owner earnings, five-year total: GBP 189M

- Net income, five-year total: GBP 149M

- Return on incremental invested capital: >100%

- Working capital / revenue, annual change: -0.7 pp

- Working capital / revenue, change between three-year averages: -8.7 pp

- Working capital / revenue, final three-year average: 18.8%

Chart: Annual owner cash / profit; fiscal year observations.

- FY2021: 1.21×

- FY2022: 1.26×

- FY2023: 1.24×

- FY2024: 1.33×

- FY2025: 1.31×

### management: pass

- Historical market-dollar context (not the management verdict): 2016 to 2025 (9 years)

- potential debt-funded buybacks (informational)

- buybacks leaned toward cheaper years (informational)

- ROIC first 3 years vs last 3 years: 42.9% vs 122.3%

- Per-share earnings: -0.00 to 0.04 (three-year endpoint medians)

- Management verdict uses per-share economic progress: Yes

- Ordinary dilution, 10-year annual growth: 3.2%

- Ordinary dilution, 5-year annual growth: -2.4%

- Market cap gain: GBP 606M

- Cumulative retained earnings: GBP 338M

- Diluted shares, 10-year annual growth: 3.2%

- Diluted shares, 5-year annual growth: -2.4%

- $1 test, starting fiscal year: FY2016

- $1 test, ending fiscal year: FY2025

- Per-share value change: GBP 0.04

- Per-share value, starting three-year median: GBP -0.00

- Per-share value, ending three-year median: GBP 0.04

- Buybacks concentrated in cheaper years (correlation): 0.70

- Average buyback yield: 3.4%

- Buyback history: 10 years

- Debt-funded buybacks: Yes

- Acquisition spending: GBP 453M

- Cumulative net income, 10 years: GBP 164M

- ROIC, first three-year median: 42.9%

- ROIC, last three-year median: >100%

Chart: Earnings per share; fiscal year observations.

- FY2016: GBP 0.00

- FY2017: GBP -0.00

- FY2018: GBP -0.03

- FY2019: GBP 0.00

- FY2020: GBP 0.03

- FY2021: GBP 0.03

- FY2022: GBP 0.04

- FY2023: GBP 0.04

- FY2024: GBP 0.04

- FY2025: GBP 0.04

### accounting: pass

- Sloan accruals: -2.1%

- Receivables to sales index (DSRI): 1.09×

- Restructuring years, last five: 0

- Stock compensation / operating cash flow: -32.2%

- Earnings backed by cash: Yes

- Operating cash / earnings: 1.45×

- Accounting red flags: 0

- Goodwill and intangibles / equity: 1.62×

Chart: Sloan accruals; fiscal year observations.

- FY2016: -5.2%

- FY2017: -7.1%

- FY2018: -9.4%

- FY2019: -10.4%

- FY2020: -8.0%

- FY2021: -5.9%

- FY2022: -6.1%

- FY2023: -7.1%

- FY2024: -2.4%

- FY2025: -2.1%

## Holders

## Price story

Down 71% since Aug 2024 · "GlobalData revises forecasts down on Middle East conflict" (finance.yahoo.com, Mar 2026) · sales +12.8%

Story as of 2026-10-16T10:00:13.559Z; price observation 2026-10-15.

Price needs cash profits to shrink 4% a year for ten years

- 2026-03-24: GlobalData revises forecasts down on Middle East conflict ([finance.yahoo.com](https://finance.yahoo.com/economy/articles/globaldata-revises-forecasts-down-middle-180308049.html))

### Sales · FY2024–2025

sales +12.8%; source https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/; observed 2026-10-16.

- FY2016: GBP 100M 

- FY2017: GBP 119M 

- FY2018: GBP 158M 

- FY2019: GBP 178M 

- FY2020: GBP 178M 

- FY2021: GBP 189M 

- FY2022: GBP 243M 

- FY2023: GBP 273M 

- FY2024: GBP 286M 

- FY2025: GBP 322M 

### Gross margin · FY2025

gross margin 42.7%; source https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/; observed 2026-10-16.

- FY2016: 34.2% 

- FY2017: 36.0% 

- FY2018: 37.7% 

- FY2019: 40.1% 

- FY2020: 32.8% 

- FY2021: 39.2% 

- FY2022: 41.5% 

- FY2023: 45.5% 

- FY2024: 22.9% 

- FY2025: 42.7% 

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in consulting services; annual sales are GBP 322.1 million.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:46:24.629Z); FY2025: revenue 322100000; grossProfit 137400000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); DATA.LSE: GlobalData Plc, together with its subsidiaries, operates as a data, insight, and technology company in Europe, North America, and the Asia Pacific. It operates in two segments: Data, Analytics and Insights: Healthcare; and Data, Analytics and Insights: Non-Healthcare. The company offers performance advertising; and consulting services. The company also offers proprietary data, expert analysis, and purpose-built artificial intelligence integrated into a unified platform, delivering solutions such as industry sector research, analytics, consulting, single copy reports, and events. It serves aerospace, defense, and security; agribusiness; apparel; automotive; banking and payments; construction; consumer; food services; healthcare; insurance; medical devices; mining; oil and gas; packaging; pharmaceuticals; power; retail; public sector; technology; travel and tourism; and sport industries, as well as public sectors. The company was formerly known as Progressive Digital Media Group Plc and changed its name to GlobalData Plc in January 2016. GlobalData Plc was incorporated in 2000 and is headquartered in London, the United Kingdom.

### Why customers stay

Margins ranged from 22.9% to 45.5% during 2023–25; it earns over 100% on its capital.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:46:24.629Z); FY2023: grossProfit / revenue = 45.5%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:46:24.629Z); FY2024: grossProfit / revenue = 22.9%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:46:24.629Z); FY2025: grossProfit / revenue = 42.7%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:46:24.629Z); 10-year return on capital observations [[2016,0.10945223728547919],[2017,0.4293435960591133],[2018,1.0616272965879265],[2019,0.2712414512576794],[2020,1.383934983934984],[2021,1.2280765066762902],[2022,3.016338045634921],[2023,3.3556951733313625],[2024,0.6805254837268445],[2025,1.2233773454483525]]; median 1.1425023210181395. ROIC follows the displayed moat series; financial companies use return on tangible equity.

### Where the cash goes

Paid dividends in 10 of 10 years; bought back GBP 112.5 million of shares.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:46:24.629Z); FY2016: growth capex 0; upkeep 578000; owner earnings 16513000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:46:24.629Z); FY2017: growth capex 0; upkeep 612000; owner earnings 12139000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:46:24.629Z); FY2018: growth capex 0; upkeep 724000; owner earnings 10426000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:46:24.629Z); FY2019: growth capex 0; upkeep 2700000; owner earnings 14172000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:46:24.629Z); FY2020: growth capex 0; upkeep 5000000; owner earnings 28420000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:46:24.629Z); FY2021: growth capex 0; upkeep 1300000; owner earnings 30220000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:46:24.629Z); FY2022: growth capex 0; upkeep 2700000; owner earnings 38300000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:46:24.629Z); FY2023: growth capex 0; upkeep 4200000; owner earnings 38260000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:46:24.629Z); FY2024: growth capex 0; upkeep 1700000; owner earnings 39280000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:46:24.629Z); FY2025: growth capex 0; upkeep 7900000; owner earnings 43300000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:46:24.629Z); Dividend observations: [[2016,5113000],[2017,7134000],[2018,9110000],[2019,14600000],[2020,18000000],[2021,20400000],[2022,23600000],[2023,32200000],[2024,37500000],[2025,9900000]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:46:24.629Z); FY2025: cash repurchases 112500000 GBP.

### Are managers owners

Insiders own 74.2% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); DATA.LSE SharesStats.PercentInsiders = 74.247 percentage points; cache date 2026-10-16.

### What the price says

The price assumes cash profits shrink 4% yearly over ten years; actual growth was 51.1%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:46:24.629Z); Ten-year compound average after fade. Initial solved rate -0.06895569239758598. Price 64.9; FX 100; discount 0.1; same standard ten-year fade to terminal 0.03. FY2015 owner earnings/share 0.0009306664507961053 → FY2025 0.0577641408751334. Closing-price date 2026-10-15.

## Monthly share-price history (GBX per share)

- 2016-10: GBX 60.55 per share

- 2016-11: GBX 63.00 per share

- 2016-12: GBX 60.20 per share

- 2017-01: GBX 74.20 per share

- 2017-02: GBX 82.95 per share

- 2017-03: GBX 76.65 per share

- 2017-04: GBX 70.70 per share

- 2017-05: GBX 66.85 per share

- 2017-06: GBX 73.85 per share

- 2017-07: GBX 78.75 per share

- 2017-08: GBX 78.75 per share

- 2017-09: GBX 79.80 per share

- 2017-10: GBX 81.20 per share

- 2017-11: GBX 83.30 per share

- 2017-12: GBX 81.20 per share

- 2018-01: GBX 80.15 per share

- 2018-02: GBX 85.75 per share

- 2018-03: GBX 85.05 per share

- 2018-04: GBX 83.65 per share

- 2018-05: GBX 82.60 per share

- 2018-06: GBX 79.80 per share

- 2018-07: GBX 87.85 per share

- 2018-08: GBX 88.55 per share

- 2018-09: GBX 88.20 per share

- 2018-10: GBX 79.80 per share

- 2018-11: GBX 84.00 per share

- 2018-12: GBX 82.25 per share

- 2019-01: GBX 82.60 per share

- 2019-02: GBX 85.40 per share

- 2019-03: GBX 83.30 per share

- 2019-04: GBX 85.40 per share

- 2019-05: GBX 91.70 per share

- 2019-06: GBX 106.40 per share

- 2019-07: GBX 122.50 per share

- 2019-08: GBX 115.50 per share

- 2019-09: GBX 116.20 per share

- 2019-10: GBX 148.40 per share

- 2019-11: GBX 150.50 per share

- 2019-12: GBX 180.60 per share

- 2020-01: GBX 182.00 per share

- 2020-02: GBX 168.00 per share

- 2020-03: GBX 149.10 per share

- 2020-04: GBX 173.60 per share

- 2020-05: GBX 199.50 per share

- 2020-06: GBX 198.80 per share

- 2020-07: GBX 214.20 per share

- 2020-08: GBX 231.70 per share

- 2020-09: GBX 217.00 per share

- 2020-10: GBX 220.50 per share

- 2020-11: GBX 210.00 per share

- 2020-12: GBX 191.10 per share

- 2021-01: GBX 180.60 per share

- 2021-02: GBX 165.20 per share

- 2021-03: GBX 191.80 per share

- 2021-04: GBX 219.10 per share

- 2021-05: GBX 219.10 per share

- 2021-06: GBX 222.60 per share

- 2021-07: GBX 231.70 per share

- 2021-08: GBX 218.40 per share

- 2021-09: GBX 206.50 per share

- 2021-10: GBX 192.50 per share

- 2021-11: GBX 189.70 per share

- 2021-12: GBX 199.50 per share

- 2022-01: GBX 187.60 per share

- 2022-02: GBX 183.40 per share

- 2022-03: GBX 175.35 per share

- 2022-04: GBX 173.95 per share

- 2022-05: GBX 160.65 per share

- 2022-06: GBX 144.20 per share

- 2022-07: GBX 133.00 per share

- 2022-08: GBX 160.30 per share

- 2022-09: GBX 144.90 per share

- 2022-10: GBX 158.55 per share

- 2022-11: GBX 171.50 per share

- 2022-12: GBX 164.50 per share

- 2023-01: GBX 175.70 per share

- 2023-02: GBX 172.20 per share

- 2023-03: GBX 170.80 per share

- 2023-04: GBX 177.10 per share

- 2023-05: GBX 187.60 per share

- 2023-06: GBX 171.50 per share

- 2023-07: GBX 162.50 per share

- 2023-08: GBX 155.00 per share

- 2023-09: GBX 152.00 per share

- 2023-10: GBX 150.00 per share

- 2023-11: GBX 151.00 per share

- 2023-12: GBX 196.00 per share

- 2024-01: GBX 201.00 per share

- 2024-02: GBX 179.00 per share

- 2024-03: GBX 182.00 per share

- 2024-04: GBX 212.00 per share

- 2024-05: GBX 220.00 per share

- 2024-06: GBX 218.00 per share

- 2024-07: GBX 215.00 per share

- 2024-08: GBX 227.00 per share

- 2024-09: GBX 207.00 per share

- 2024-10: GBX 203.00 per share

- 2024-11: GBX 202.00 per share

- 2024-12: GBX 189.00 per share

- 2025-01: GBX 178.00 per share

- 2025-02: GBX 187.50 per share

- 2025-03: GBX 147.50 per share

- 2025-04: GBX 177.50 per share

- 2025-05: GBX 179.00 per share

- 2025-06: GBX 147.50 per share

- 2025-07: GBX 141.50 per share

- 2025-08: GBX 134.00 per share

- 2025-09: GBX 123.50 per share

- 2025-10: GBX 109.00 per share

- 2025-11: GBX 117.50 per share

- 2025-12: GBX 110.50 per share

- 2026-01: GBX 106.00 per share

- 2026-02: GBX 84.40 per share

- 2026-03: GBX 72.20 per share

- 2026-04: GBX 108.40 per share

- 2026-05: GBX 106.60 per share

- 2026-06: GBX 74.70 per share

- 2026-07: GBX 79.30 per share

- 2026-08: GBX 84.00 per share

- 2026-09: GBX 58.80 per share

- 2026-10: GBX 64.90 per share

## Annual estimated value (GBX per share)

- FY2016: low GBX 29.34 per share, central GBX 33.21 per share, high GBX 38.38 per share

- FY2017: low GBX 18.23 per share, central GBX 20.73 per share, high GBX 24.06 per share

- FY2018: low GBX 26.49 per share, central GBX 30.05 per share, high GBX 34.78 per share

- FY2019: low GBX 19.25 per share, central GBX 21.77 per share, high GBX 25.14 per share

- FY2020: low GBX 25.29 per share, central GBX 28.55 per share, high GBX 32.88 per share

- FY2021: low GBX 27.29 per share, central GBX 30.74 per share, high GBX 35.34 per share

- FY2022: low GBX 53.01 per share, central GBX 59.84 per share, high GBX 68.94 per share

- FY2023: low GBX 60.02 per share, central GBX 68.05 per share, high GBX 78.74 per share

- FY2024: low GBX 67.70 per share, central GBX 76.25 per share, high GBX 87.64 per share

- FY2025: low GBX 71.76 per share, central GBX 80.83 per share, high GBX 92.90 per share

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.

## Reported holder observations