Company Valuation: Marshalls plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,376 688.5 700.4 743 456.6 388.2 - -
Change - -49.98% 1.73% 6.09% -38.56% -14.98% - -
Enterprise Value (EV) 1 1,376 879.3 873.3 876.9 633.6 528.8 512.1 491.6
Change - -36.11% -0.68% 0.42% -27.75% -16.54% -3.15% -4.01%
P/E 25.3x 24.2x 38.3x 24.1x 32.3x 11x 9.31x 7.75x
PBR 4.02x 0.97x 1.1x 1.13x 0.7x 0.59x 0.56x 0.54x
PEG - -0.4x -1.1x 0.4x -0.6x 0x 0.5x 0.4x
Capitalization / Revenue 2.34x 0.96x 1.04x 1.2x 0.72x 0.61x 0.58x 0.56x
EV / Revenue 2.34x 1.22x 1.3x 1.42x 1x 0.82x 0.77x 0.7x
EV / EBITDA 12.9x 6.46x 8.43x 8.97x 7.45x 5.71x 5.09x 4.49x
EV / EBIT 18.1x 8.69x 12.4x 13.1x 11.2x 8.66x 7.48x 6.52x
EV / FCF 29.6x 15.3x 14.7x 13x 28.3x 13.4x 12.4x 11.4x
FCF Yield 3.38% 6.54% 6.8% 7.71% 3.54% 7.48% 8.06% 8.8%
Dividend per Share 2 0.143 0.156 0.083 0.08 0.067 0.0748 0.0872 0.0983
Rate of return 2.06% 5.71% 2.97% 2.72% 3.71% 4.95% 5.77% 6.51%
EPS 2 0.274 0.113 0.073 0.122 0.056 0.1371 0.1622 0.1949
Distribution rate 52.2% 138% 114% 65.6% 120% 54.5% 53.7% 50.4%
Net sales 1 589.3 719.4 671.2 619.2 632.1 641 666.6 698.3
EBITDA 1 107.1 136 103.6 97.8 85 92.66 100.6 109.4
EBIT 1 76.22 101.1 70.7 66.7 56.4 61.06 68.42 75.41
Net income 1 54.81 26.79 18.6 31 14.4 36.2 42.14 49.41
Net Debt 1 -0.198 190.8 172.9 133.9 177 140.6 124 103.4
Reference price 2 6.925 2.732 2.794 2.945 1.806 1.510 1.510 1.510
Nbr of stocks (in thousands) 198,763 252,012 250,676 252,307 252,802 252,869 - -
Announcement Date 17/03/22 15/03/23 18/03/24 17/03/25 16/03/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.02x0.82x5.64x4.95% 509M
16.93x2.01x9.61x1.57% 66.73B
30.79x4.89x16.16x0.75% 36.29B
35.55x3.66x18.76x0.94% 36.19B
13.15x1.57x7.19x2.31% 33.63B
29.57x5.34x15.69x0.62% 33.6B
18.63x2.47x9.45x1.3% 27.27B
21.36x6.27x13.61x2.04% 21.89B
81.59x4.45x83.53x0.32% 21.76B
11.72x1.31x6.45x0.83% 17.54B
Average 27.03x 3.28x 18.61x 1.56% 29.54B
Weighted average by Cap. 26.85x 3.39x 17.48x 1.25%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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