Company Valuation: Marshalls plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,376 688.5 700.4 743 456.6 366.4 - -
Change - -49.98% 1.73% 6.09% -38.56% -19.75% - -
Enterprise Value (EV) 1 1,376 879.3 873.3 876.9 633.6 507 490.4 469.9
Change - -36.11% -0.68% 0.42% -27.75% -19.97% -3.28% -4.18%
P/E 25.3x 24.2x 38.3x 24.1x 32.3x 10.6x 8.93x 7.43x
PBR 4.02x 0.97x 1.1x 1.13x 0.7x 0.57x 0.54x 0.52x
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 0.57x 0.55x 0.52x
EV / Revenue 2.34x 1.22x 1.3x 1.42x 1x 0.79x 0.74x 0.67x
EV / EBITDA 12.9x 6.46x 8.43x 8.97x 7.45x 5.57x 4.87x 4.3x
EV / EBIT 18.1x 8.69x 12.4x 13.1x 11.2x 8.3x 7.17x 6.23x
EV / FCF 29.6x 15.3x 14.7x 13x 28.3x 12.8x 11.9x 10.9x
FCF Yield 3.38% 6.54% 6.8% 7.71% 3.54% 7.8% 8.42% 9.21%
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% 5.16% 6.02% 6.78%
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 91.09 100.6 109.4
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 38 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 1.449 1.449 1.449
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.($)
10.57x0.79x5.57x5.16% 492M
17.66x2.09x10x1.5% 69.97B
32.27x5.14x16.95x0.71% 38.31B
42.01x4.11x21.8x0.68% 36.12B
30.49x5.48x16.08x0.6% 34.69B
13.37x1.6x7.32x2.27% 34.5B
32.88x9.27x20.25x1.36% 32.6B
19.59x2.55x9.74x1.24% 28.25B
516.52x5.64x132.85x0.31% 22.86B
12.09x1.33x6.65x0.8% 18.11B
Average 72.75x 3.80x 24.72x 1.46% 31.59B
Weighted average by Cap. 60.67x 4.00x 22.29x 1.14%

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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