Company Valuation: Marshalls plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,376 688.5 700.4 743 456.6 435.2 - -
Change - -49.98% 1.73% 6.09% -38.56% -4.68% - -
Enterprise Value (EV) 1 1,376 879.3 873.3 876.9 633.6 587.9 570.1 552.5
Change - -36.11% -0.68% 0.42% -27.75% -7.2% -3.04% -3.08%
P/E 25.3x 24.2x 38.3x 24.1x 32.3x 12.6x 10.6x 8.87x
PBR 4.02x 0.97x 1.1x 1.13x 0.7x 0.67x 0.64x 0.62x
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 0.68x 0.66x 0.63x
EV / Revenue 2.34x 1.22x 1.3x 1.42x 1x 0.92x 0.86x 0.8x
EV / EBITDA 12.9x 6.46x 8.43x 8.97x 7.45x 6.35x 5.71x 5.1x
EV / EBIT 18.1x 8.69x 12.4x 13.1x 11.2x 9.52x 8.36x 7.36x
EV / FCF 29.6x 15.3x 14.7x 13x 28.3x 15.2x 13.5x 12.6x
FCF Yield 3.38% 6.54% 6.8% 7.71% 3.54% 6.6% 7.42% 7.94%
Dividend per Share 2 0.143 0.156 0.083 0.08 0.067 0.0752 0.0859 0.0977
Rate of return 2.06% 5.71% 2.97% 2.72% 3.71% 4.37% 4.99% 5.68%
EPS 2 0.274 0.113 0.073 0.122 0.056 0.137 0.1617 0.1941
Distribution rate 52.2% 138% 114% 65.6% 120% 54.9% 53.1% 50.4%
Net sales 1 589.3 719.4 671.2 619.2 632.1 640.5 664.1 694.6
EBITDA 1 107.1 136 103.6 97.8 85 92.57 99.79 108.4
EBIT 1 76.22 101.1 70.7 66.7 56.4 61.75 68.21 75.09
Net income 1 54.81 26.79 18.6 31 14.4 36.12 41.97 49.28
Net Debt 1 -0.198 190.8 172.9 133.9 177 152.7 134.9 117.3
Reference price 2 6.925 2.732 2.794 2.945 1.806 1.721 1.721 1.721
Nbr of stocks (in thousands) 198,763 252,012 250,676 252,307 252,802 252,869 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.56x0.92x6.35x4.37% 588M
17.23x2.02x9.69x1.54% 67.39B
31.93x5.01x16.69x0.73% 37.29B
35.35x3.64x18.64x0.85% 36.33B
32.63x5.21x15.78x0.62% 33.26B
12.74x1.51x6.98x2.4% 32.65B
19.05x2.37x9.34x1.25% 25.79B
23.45x7.17x14.95x1.79% 25.11B
91.12x4.76x89.82x0.3% 23.62B
11.57x1.23x6.02x0.89% 16.21B
Average 28.76x 3.38x 19.42x 1.47% 29.82B
Weighted average by Cap. 28.72x 3.53x 18.59x 1.21%

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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