MARSHALLS PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 263.5 GBX | +2.93% |
|
+2.33% | -5.69% |
| Mar. 18 | FTSE 100 as shakes off pre-interest rate nerves | AN |
| Mar. 18 | Transcript : Marshalls plc, 2023 Earnings Call, Mar 18, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,706 | 1,483 | 1,376 | 688.5 | 700.4 | 664.8 | - | - |
| Enterprise Value (EV) 1 | 1,765 | 1,509 | 1,376 | 879.3 | 873.3 | 819.9 | 805 | 781.2 |
| P/E ratio | 29.5 x | 633 x | 25.3 x | 24.2 x | 38.3 x | 16.6 x | 13.7 x | 12 x |
| Yield | 1.67% | 0.58% | 2.06% | 5.71% | 2.97% | 3.02% | 3.63% | 4.17% |
| Capitalization / Revenue | 3.15 x | 3.16 x | 2.34 x | 0.96 x | 1.04 x | 0.98 x | 0.96 x | 0.92 x |
| EV / Revenue | 3.26 x | 3.22 x | 2.34 x | 1.22 x | 1.3 x | 1.21 x | 1.16 x | 1.08 x |
| EV / EBITDA | 17 x | 26.2 x | 12.9 x | 6.46 x | 8.43 x | 8.01 x | 7.27 x | 6.54 x |
| EV / FCF | 26.1 x | -1,920 x | 29.6 x | 15.3 x | 14.7 x | 20.3 x | 17.6 x | 15.1 x |
| FCF Yield | 3.83% | -0.05% | 3.38% | 6.54% | 6.8% | 4.93% | 5.68% | 6.63% |
| Price to Book | 5.83 x | 5.18 x | 4.02 x | 0.97 x | 1.1 x | 1.02 x | 0.99 x | 0.96 x |
| Nbr of stocks (in thousands) | 198,316 | 198,362 | 198,763 | 252,012 | 250,676 | 252,307 | - | - |
| Reference price 2 | 8.600 | 7.475 | 6.925 | 2.732 | 2.794 | 2.635 | 2.635 | 2.635 |
| Announcement Date | 3/12/20 | 3/11/21 | 3/17/22 | 3/15/23 | 3/18/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 541.8 | 469.5 | 589.3 | 719.4 | 671.2 | 675.4 | 694.7 | 725 |
| EBITDA 1 | 103.9 | 57.62 | 107.1 | 136 | 103.6 | 102.4 | 110.8 | 119.4 |
| EBIT 1 | 73.68 | 27.18 | 76.22 | 101.1 | 70.7 | 68.67 | 78.55 | 85.82 |
| Operating Margin | 13.6% | 5.79% | 12.94% | 14.06% | 10.53% | 10.17% | 11.31% | 11.84% |
| Earnings before Tax (EBT) 1 | 69.85 | 4.653 | 69.32 | 37.2 | 22.2 | 53.66 | 65.11 | 74.48 |
| Net income 1 | 58.24 | 2.37 | 54.81 | 26.79 | 18.6 | 40.08 | 49.3 | 55.78 |
| Net margin | 10.75% | 0.5% | 9.3% | 3.72% | 2.77% | 5.93% | 7.1% | 7.69% |
| EPS 2 | 0.2914 | 0.0118 | 0.2740 | 0.1130 | 0.0730 | 0.1590 | 0.1926 | 0.2200 |
| Free Cash Flow 1 | 67.64 | -0.786 | 46.5 | 57.5 | 59.4 | 40.42 | 45.72 | 51.82 |
| FCF margin | 12.48% | -0.17% | 7.89% | 7.99% | 8.85% | 5.98% | 6.58% | 7.15% |
| FCF Conversion (EBITDA) | 65.11% | - | 43.43% | 42.27% | 57.34% | 39.47% | 41.28% | 43.41% |
| FCF Conversion (Net income) | 116.13% | - | 84.84% | 214.64% | 319.35% | 100.86% | 92.73% | 92.91% |
| Dividend per Share 2 | 0.1435 | 0.0430 | 0.1430 | 0.1560 | 0.0830 | 0.0796 | 0.0958 | 0.1098 |
| Announcement Date | 3/12/20 | 3/11/21 | 3/17/22 | 3/15/23 | 3/18/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 S2 | 2022 S1 |
|---|---|---|---|
| Net sales | - | 291.1 | - |
| EBITDA | - | - | - |
| EBIT | - | 35.2 | - |
| Operating Margin | - | 12.09% | - |
| Earnings before Tax (EBT) | - | - | - |
| Net income 1 | 30.44 | - | 17.23 |
| Net margin | - | - | - |
| EPS 2 | 0.1523 | - | 0.0790 |
| Dividend per Share | - | - | - |
| Announcement Date | 8/19/21 | 3/17/22 | 8/18/22 |
1GBP in Million2GBP
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 60 | 26.6 | - | 191 | 173 | 155 | 140 | 116 |
| Net Cash position 1 | - | - | 0.2 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.5774 x | 0.4612 x | - | 1.402 x | 1.669 x | 1.514 x | 1.265 x | 0.9745 x |
| Free Cash Flow 1 | 67.6 | -0.79 | 46.5 | 57.5 | 59.4 | 40.4 | 45.7 | 51.8 |
| ROE (net income / shareholders' equity) | 20.8% | 5.87% | 17.4% | 14.6% | 6.47% | 6.93% | 7.75% | 8.67% |
| ROA (Net income/ Total Assets) | - | - | 15.4% | 8.13% | 3.62% | 6.8% | 7.4% | - |
| Assets 1 | - | - | 355.9 | 329.6 | 513.2 | 589.3 | 666.2 | - |
| Book Value Per Share 2 | 1.470 | 1.440 | 1.720 | 2.810 | 2.540 | 2.580 | 2.650 | 2.740 |
| Cash Flow per Share 2 | 0.4400 | 0.0600 | 0.4300 | 0.3600 | - | 0.1900 | 0.2000 | 0.2300 |
| Capex 1 | 20.5 | 13.2 | 19 | 27.8 | 18.3 | 19.5 | 23 | 24.3 |
| Capex / Sales | 3.78% | 2.8% | 3.23% | 3.87% | 2.73% | 2.89% | 3.31% | 3.35% |
| Announcement Date | 3/12/20 | 3/11/21 | 3/17/22 | 3/15/23 | 3/18/24 | - | - | - |
1GBP in Million2GBP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
2.635
GBP
Average target price
4.358
GBP
Spread / Average Target
+65.40%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -5.69% | 828M | |
| +12.25% | 53.84B | |
| +21.26% | 37.34B | |
| +15.08% | 34.54B | |
| -7.64% | 33.53B | |
| +9.73% | 19.06B | |
| +21.33% | 18.67B | |
| +17.64% | 18.51B | |
| +6.96% | 11.93B | |
| +4.00% | 7.02B |
- Stock Market
- Equities
- MSLH Stock
- Financials Marshalls plc
