Company Valuation: Marshalls plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,376 688.5 700.4 743 456.6 409.7 - -
Change - -49.98% 1.73% 6.09% -38.56% -10.26% - -
Enterprise Value (EV) 1 1,376 879.3 873.3 876.9 633.6 562.6 544.5 526.7
Change - -36.11% -0.68% 0.42% -27.75% -11.2% -3.21% -3.26%
P/E 25.3x 24.2x 38.3x 24.1x 32.3x 11.8x 10x 8.36x
PBR 4.02x 0.97x 1.1x 1.13x 0.7x 0.64x 0.6x 0.58x
PEG - -0.4x -1.1x 0.4x -0.6x 0x 0.6x 0.4x
Capitalization / Revenue 2.34x 0.96x 1.04x 1.2x 0.72x 0.64x 0.62x 0.59x
EV / Revenue 2.34x 1.22x 1.3x 1.42x 1x 0.88x 0.82x 0.76x
EV / EBITDA 12.9x 6.46x 8.43x 8.97x 7.45x 6.21x 5.47x 4.87x
EV / EBIT 18.1x 8.69x 12.4x 13.1x 11.2x 9.14x 7.99x 7.03x
EV / FCF 29.6x 15.3x 14.7x 13x 28.3x 15x 12.8x 12x
FCF Yield 3.38% 6.54% 6.8% 7.71% 3.54% 6.69% 7.78% 8.34%
Dividend per Share 2 0.143 0.156 0.083 0.08 0.067 0.0748 0.0857 0.0976
Rate of return 2.06% 5.71% 2.97% 2.72% 3.71% 4.62% 5.29% 6.02%
EPS 2 0.274 0.113 0.073 0.122 0.056 0.137 0.1617 0.1938
Distribution rate 52.2% 138% 114% 65.6% 120% 54.6% 53% 50.3%
Net sales 1 589.3 719.4 671.2 619.2 632.1 640.6 664.1 694.6
EBITDA 1 107.1 136 103.6 97.8 85 90.56 99.53 108.1
EBIT 1 76.22 101.1 70.7 66.7 56.4 61.54 68.12 74.97
Net income 1 54.81 26.79 18.6 31 14.4 38 41.97 49.28
Net Debt 1 -0.198 190.8 172.9 133.9 177 152.9 134.8 117
Reference price 2 6.925 2.732 2.794 2.945 1.806 1.621 1.621 1.621
Nbr of stocks (in thousands) 198,763 252,012 250,676 252,307 252,802 252,759 - -
Announcement Date 3/17/22 3/15/23 3/18/24 3/17/25 3/16/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
12.16x0.9x6.34x4.49% 571M
16.03x1.9x9.12x1.66% 62.73B
30.57x5.8x17.38x0.66% 36.84B
34.29x3.54x18.18x0.9% 35.4B
29.91x4.73x15.73x0.78% 34.93B
13.04x1.54x7.12x2.35% 33.56B
22.41x7x13.8x2.11% 25.93B
18.4x2.22x8.84x1.18% 24.04B
77.11x4.8x74.28x0.3% 24.03B
11.13x1.19x5.84x0.93% 15.59B
Average 26.51x 3.36x 17.66x 1.54% 29.36B
Weighted average by Cap. 26.85x 3.56x 17.35x 1.27%

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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