Company Valuation: Macfarlane Group PLC

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 205.2 163.6 184.7 170.4 113 122.6 - -
Change - -20.28% 12.94% -7.74% -33.69% 8.5% - -
Enterprise Value (EV) 1 237.6 201.6 220.4 215.2 188 199.8 199.9 194.5
Change - -15.18% 9.33% -2.34% -12.65% 6.31% 0.03% -2.7%
P/E - - 12.5x 11x 18.1x 15.5x 12.7x 11.1x
PBR - - 1.64x 1.39x 0.95x 1.02x 0.99x 0.94x
PEG - - - 2.57x -0.3x 0.6x 0.6x 0.8x
Capitalization / Revenue 0.72x 0.56x 0.66x 0.63x 0.38x 0.4x 0.39x 0.37x
EV / Revenue 0.83x 0.69x 0.79x 0.8x 0.62x 0.65x 0.63x 0.59x
EV / EBITDA 7.2x 5.91x 5.34x 5.64x 5.78x 5.9x 5.65x 5.3x
EV / EBIT 11.6x 8.04x 7.97x 7.85x 9.55x 9.52x 9.02x 8.32x
EV / FCF 16.6x 13.5x 7.01x 9.56x 9.3x 21.7x 18.1x 16.3x
FCF Yield 6.03% 7.39% 14.3% 10.5% 10.7% 4.6% 5.52% 6.15%
Dividend per Share 2 0.032 0.0342 0.0359 0.0366 0.0366 0.0369 0.0369 0.0372
Rate of return 2.46% 3.29% 3.07% 3.4% 5.08% 4.68% 4.68% 4.72%
EPS 2 - - 0.0934 0.0974 0.0398 0.051 0.062 0.071
Distribution rate - - 38.4% 37.6% 92% 72.3% 59.5% 52.4%
Net sales 1 285.7 290.4 280.7 270.4 300.8 308.3 318 327.6
EBITDA 1 33.01 34.11 41.24 38.16 32.52 33.87 35.4 36.7
EBIT 1 20.43 25.07 27.64 27.4 19.69 21 22.17 23.37
Net income 1 - 15.64 14.97 15.53 6.316 10.25 11.4 12.4
Net Debt 1 32.47 38.01 35.65 44.79 74.98 77.25 77.3 71.9
Reference price 2 1.3000 1.0400 1.1700 1.0750 0.7200 0.7880 0.7880 0.7880
Nbr of stocks (in thousands) 157,812 157,261 157,876 158,524 156,936 155,574 - -
Announcement Date 2/24/22 2/23/23 2/29/24 2/27/25 2/26/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.45x0.65x5.9x4.68% 166M
17.09x1.44x9.99x1.33% 15.86B
17.79x1.74x10.62x2.34% 12.84B
15.16x1.26x8.2x1.24% 12.11B
18.22x2.17x10.29x1.53% 11.54B
30.31x1.13x8.35x2.69% 9.3B
14.62x - - 2.73% 4.29B
12.15x1x6.84x2.18% 4.08B
15.64x2.06x9.07x6.08% 2.86B
Average 17.38x 1.43x 8.66x 2.76% 8.12B
Weighted average by Cap. 18.27x 1.54x 9.39x 2.02%

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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