MARSTON'S PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 31.65 GBX | -2.76% |
|
+0.64% | -6.36% |
| 05-22 | De La Rue up again; Regional REIT falls | AN |
| 05-14 | Marston's interim loss widens on impairments but sales rise | AN |
Valuation
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 781.3 | 278.4 | 512.5 | 225.6 | 192.5 | 200.5 | - | - |
| Enterprise Value (EV) 1 | 2,180 | 1,911 | 2,116 | 1,820 | 1,758 | 1,685 | 1,631 | 1,566 |
| P/E ratio | -44.1 x | -0.77 x | 3.15 x | 1.64 x | -20.3 x | 6.03 x | 3.86 x | 3.4 x |
| Yield | 6.07% | - | - | - | - | - | - | 1.18% |
| Capitalization / Revenue | 0.67 x | 0.34 x | 1.21 x | 0.28 x | 0.22 x | 0.22 x | 0.22 x | 0.21 x |
| EV / Revenue | 1.86 x | 2.33 x | 4.99 x | 2.28 x | 2.02 x | 1.86 x | 1.75 x | 1.63 x |
| EV / EBITDA | 9.83 x | 15.2 x | 60 x | 11.4 x | 9.76 x | 8.51 x | 8.03 x | 7.4 x |
| EV / FCF | 30.8 x | 20.6 x | -109 x | -47.1 x | 23.2 x | 34.7 x | 30.5 x | 25.9 x |
| FCF Yield | 3.25% | 4.86% | -0.92% | -2.12% | 4.32% | 2.89% | 3.28% | 3.87% |
| Price to Book | 0.96 x | 1.12 x | 1.26 x | 0.35 x | 0.3 x | 0.29 x | 0.27 x | 0.25 x |
| Nbr of stocks (in thousands) | 632,596 | 632,649 | 632,749 | 633,100 | 633,262 | 633,460 | - | - |
| Reference price 2 | 1.235 | 0.4400 | 0.8100 | 0.3564 | 0.3040 | 0.3165 | 0.3165 | 0.3165 |
| Announcement Date | 27/11/19 | 24/12/20 | 30/11/21 | 06/12/22 | 05/12/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,174 | 821 | 423.8 | 799.6 | 872.3 | 904 | 930 | 958.1 |
| EBITDA 1 | 221.9 | 125.6 | 35.3 | 159.6 | 180.2 | 197.9 | 203.2 | 211.6 |
| EBIT 1 | 178.7 | 74 | -7.4 | 115.4 | 124.8 | 154.3 | 159.5 | 168 |
| Operating Margin | 15.22% | 9.01% | -1.75% | 14.43% | 14.31% | 17.07% | 17.16% | 17.53% |
| Earnings before Tax (EBT) 1 | -20 | -388.7 | -171.1 | 163.4 | -20.7 | 16.6 | 63.2 | 70.85 |
| Net income 1 | -18 | -359.6 | 162.8 | 137.2 | -9.3 | 42 | 49 | 55 |
| Net margin | -1.53% | -43.8% | 38.41% | 17.16% | -1.07% | 4.65% | 5.27% | 5.74% |
| EPS 2 | -0.0280 | -0.5680 | 0.2570 | 0.2170 | -0.0150 | 0.0525 | 0.0819 | 0.0930 |
| Free Cash Flow 1 | 70.8 | 92.8 | -19.4 | -38.6 | 75.9 | 48.62 | 53.48 | 60.55 |
| FCF margin | 6.03% | 11.3% | -4.58% | -4.83% | 8.7% | 5.38% | 5.75% | 6.32% |
| FCF Conversion (EBITDA) | 31.91% | 73.89% | - | - | 42.12% | 24.57% | 26.31% | 28.61% |
| FCF Conversion (Net income) | - | - | - | - | - | 115.77% | 109.13% | 110.09% |
| Dividend per Share 2 | 0.0750 | - | - | - | - | - | - | 0.003750 |
| Announcement Date | 27/11/19 | 24/12/20 | 30/11/21 | 06/12/22 | 05/12/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: September | 2022 S1 | 2022 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|
| Net sales 1 | 369.7 | - | 428.1 | 472.6 |
| EBITDA 1 | - | - | 74.9 | 117.8 |
| EBIT 1 | 37.9 | - | 52.1 | 110.8 |
| Operating Margin | 10.25% | - | 12.17% | 23.44% |
| Earnings before Tax (EBT) | - | - | -43.5 | - |
| Net income | - | - | -36.6 | - |
| Net margin | - | - | -8.55% | - |
| EPS | - | - | -0.0580 | - |
| Dividend per Share | - | - | - | - |
| Announcement Date | 18/05/22 | 06/12/22 | 14/05/24 | - |
1GBP in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,399 | 1,633 | 1,604 | 1,594 | 1,566 | 1,484 | 1,431 | 1,365 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 6.305 x | 13 x | 45.44 x | 9.987 x | 8.689 x | 7.5 x | 7.041 x | 6.45 x |
| Free Cash Flow 1 | 70.8 | 92.8 | -19.4 | -38.6 | 75.9 | 48.6 | 53.5 | 60.6 |
| ROE (net income / shareholders' equity) | 9.68% | -4.65% | -26.3% | 5.22% | 4.97% | 6.37% | 7.2% | 8.1% |
| ROA (Net income/ Total Assets) | 2.98% | -0.89% | -3.45% | 1.1% | 1.29% | 1.65% | 2.08% | 2.51% |
| Assets 1 | -604.8 | 40,400 | -4,721 | 12,449 | -723.2 | 2,545 | 2,358 | 2,189 |
| Book Value Per Share 2 | 1.280 | 0.3900 | 0.6400 | 1.020 | 1.010 | 1.080 | 1.160 | 1.250 |
| Cash Flow per Share 2 | 0.3200 | -0.5700 | 0.0500 | 0.2100 | 0.2300 | 0.3000 | 0.3100 | 0.3300 |
| Capex 1 | 134 | 63.7 | 46.6 | 70.1 | 65.3 | 52 | 53.8 | 55.2 |
| Capex / Sales | 11.4% | 7.76% | 11% | 8.77% | 7.49% | 5.75% | 5.79% | 5.76% |
| Announcement Date | 27/11/19 | 24/12/20 | 30/11/21 | 06/12/22 | 05/12/23 | - | - | - |
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
8
Last Close Price
0.3165
GBP
Average target price
0.5314
GBP
Spread / Average Target
+67.91%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -6.36% | 262M | |
| -17.43% | 90.31B | |
| -6.82% | 18.4B | |
| -13.57% | 13.48B | |
| +2.06% | 10.48B | |
| +116.64% | 10.37B | |
| -18.26% | 5.58B | |
| -1.11% | 4.5B | |
| -13.29% | 4.16B | |
| +8.22% | 3.67B |
- Stock Market
- Equities
- MARS Stock
- Financials Marston's PLC
