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The FTSE 100 currently trades at an average price-to-earnings (P/E) ratio of around 16. But I think investors should take a close look at a stock that’s trading at a much higher multiple.
Informa (LSE:INF) isn’t exactly a household name and its shares don’t exactly look cheap at first sight. But I think there’s a lot to like about the business from an investment perspective right now.
Trade shows
The largest part of Informa’s business is its events division. The company organises conferences and trade shows for various industries around the world.
From an investment perspective, there’s a lot to like about the business model. It avoids maintenance costs by leasing venues and it charges attendees before the event. Costs are then payed after.
Source: Informa 2024 Results
The firm’s events, such as Cannes Lions, are the biggest and best in the industry. This…
