%20--%3e%3csvg%20width='63.297821mm'%20height='39.29665mm'%20viewBox='0%200%2063.297821%2039.29665'%20version='1.1'%20id='svg8765'%20inkscape:version='1.1%20(c4e8f9ed74,%202021-05-24)'%20sodipodi:docname='OBALogoSingle2.svg'%20xmlns:inkscape='http://www.inkscape.org/namespaces/inkscape'%20xmlns:sodipodi='http://sodipodi.sourceforge.net/DTD/sodipodi-0.dtd'%20xmlns='http://www.w3.org/2000/svg'%20xmlns:svg='http://www.w3.org/2000/svg'%3e%3csodipodi:namedview%20id='namedview8767'%20pagecolor='%23ffffff'%20bordercolor='%23666666'%20borderopacity='1.0'%20inkscape:pageshadow='2'%20inkscape:pageopacity='0.0'%20inkscape:pagecheckerboard='0'%20inkscape:document-units='mm'%20showgrid='false'%20fit-margin-top='0'%20fit-margin-left='0'%20fit-margin-right='0'%20fit-margin-bottom='0'%20inkscape:zoom='1.1759259'%20inkscape:cx='179.85827'%20inkscape:cy='102.04724'%20inkscape:window-width='1920'%20inkscape:window-height='972'%20inkscape:window-x='0'%20inkscape:window-y='27'%20inkscape:window-maximized='1'%20inkscape:current-layer='layer1'%20/%3e%3cdefs%20id='defs8762'%20/%3e%3cg%20inkscape:label='Layer%201'%20inkscape:groupmode='layer'%20id='layer1'%20transform='translate(-31.351095,-50.101677)'%3e%3cpath%20style='fill:none;stroke:%233584e4;stroke-width:3.965;stroke-linecap:square;stroke-linejoin:round;stroke-miterlimit:4;stroke-dasharray:none;stroke-opacity:1'%20d='m%2077.07508,77.78787%2014.84134,8.87817%20V%2052.83397%20L%2034.08359,86.5521%20V%2053.69366%20l%2015.27351,9.31107'%20id='path8388'%20sodipodi:nodetypes='cccccc'%20/%3e%3c/g%3e%3c/svg%3e)
Relx PLC(REL)
GBX --+0.00%
Reward60Moderate
Risk16Low
75%Data
Strong 22% profit margin · 2.6% dividend yield
REL
+0.0 · +0.00%
GBX · LSE
Relx PLC | Industrials
Defensive Anchor
Market Cap:46.72Bn
Your assumptions
4.0%
29.0%
24.0%
16.0×
8.0%
2030 exit value (EV)£54.14bn
Terminal value weight78%
5-yr IRR7%
5-yr total return41%
Fair value2564.9p
Slightly rich-1.2%
price 2596.0p
2239.7pBear
2564.9pBase
2927.8pBull
2596.0pPrice
low confidenceanalyst target 3726.3p
Openbook readReward 60/100Risk 16/100Valuation reads "Slightly rich"; Openbook rates risk low.
5-year forecast
Click any cell to edit| Year | Revenue | Y/Y | Op. income | Op. margin | Adj. FCF | FCF margin | PV of FCF |
|---|---|---|---|---|---|---|---|
| Y1 | £9.97bn | 4.0% | £2.89bn | 29.0% | £2.39bn | 24.0% | £2.22bn |
| Y2 | £10.37bn | 4.0% | £3.01bn | 29.0% | £2.49bn | 24.0% | £2.13bn |
| Y3 | £10.79bn | 4.0% | £3.13bn | 29.0% | £2.59bn | 24.0% | £2.06bn |
| Y4 | £11.22bn | 4.0% | £3.25bn | 29.0% | £2.69bn | 24.0% | £1.98bn |
| Y5 | £11.67bn | 4.0% | £3.38bn | 29.0% | £2.80bn | 24.0% | £1.91bn |
Fair value by method
Blended 2234.4p · 990.9p–3726.3pDCF
2564.9p
Dividend model
990.9p
P/E · 17× (sector-typical)
1904.0p
Analyst target
3726.3p
Why low confidence: 78% of the value is terminal; free cash flow has swung between positive and negative recently.
How this is calculated
We grow revenue at your rate for five years, apply your operating and FCF margins, discount the free cash flow, and cap it with an exit EV/EBIT multiple on year-5 operating income — then subtract net debt. Defaults use the trailing 5-year rates.
New to this? Learn the mechanics with our DCF calculator and what intrinsic value means.
Educational estimate only — not financial advice or a price target. Intrinsic value is a range, highly sensitive to the assumptions above; sector multiples are typical reference levels, not live peer data. Always do your own research.