View ValuationMarston's 将来の成長Future 基準チェック /06Marston's利益と収益がそれぞれ年間1.6%と2.4%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に8% 1.1%なると予測されています。主要情報1.6%収益成長率1.13%EPS成長率Hospitality 収益成長18.2%収益成長率2.4%将来の株主資本利益率8.04%アナリストカバレッジLow最終更新日12 May 2026今後の成長に関する最新情報Price Target Changed • Dec 01Price target increased by 13% to UK£0.74Up from UK£0.66, the current price target is an average from 4 analysts. New target price is 26% above last closing price of UK£0.59. Stock is up 47% over the past year. The company is forecast to post earnings per share of UK£0.088 for next year compared to UK£0.11 last year.Price Target Changed • Apr 27Price target decreased by 7.2% to UK£0.61Down from UK£0.66, the current price target is an average from 5 analysts. New target price is 67% above last closing price of UK£0.37. Stock is up 35% over the past year. The company is forecast to post earnings per share of UK£0.079 for next year compared to UK£0.028 last year.Price Target Changed • Oct 29Price target increased by 8.6% to UK£0.61Up from UK£0.56, the current price target is an average from 6 analysts. New target price is 51% above last closing price of UK£0.40. Stock is up 39% over the past year. The company is forecast to post earnings per share of UK£0.058 next year compared to a net loss per share of UK£0.015 last year.Price Target Changed • Jul 15Price target decreased by 8.5% to UK£0.49Down from UK£0.53, the current price target is an average from 6 analysts. New target price is 35% above last closing price of UK£0.36. Stock is up 15% over the past year. The company is forecast to post earnings per share of UK£0.056 next year compared to a net loss per share of UK£0.015 last year.Price Target Changed • Jan 12Price target increased by 7.0% to UK£0.52Up from UK£0.49, the current price target is an average from 7 analysts. New target price is 53% above last closing price of UK£0.34. Stock is down 21% over the past year. The company is forecast to post earnings per share of UK£0.071 next year compared to a net loss per share of UK£0.015 last year.Major Estimate Revision • Aug 16Consensus EPS estimates increase by 28%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from UK£0.024 to UK£0.031. Revenue forecast steady at UK£856.7m. Net income forecast to shrink 68% next year vs 21% growth forecast for Hospitality industry in the United Kingdom . Consensus price target of UK£0.50 unchanged from last update. Share price rose 3.4% to UK£0.32 over the past week.すべての更新を表示Recent updatesお知らせ • Mar 30Marston's PLC to Report First Half, 2026 Results on May 12, 2026Marston's PLC announced that they will report first half, 2026 results on May 12, 2026New Risk • Jan 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results.Buy Or Sell Opportunity • Jan 28Now 28% undervaluedOver the last 90 days, the stock has risen 30% to UK£0.60. The fair value is estimated to be UK£0.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has declined by 27%. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings are also forecast to grow by 2.7% per annum over the same time period.Buy Or Sell Opportunity • Jan 12Now 20% undervaluedOver the last 90 days, the stock has risen 55% to UK£0.65. The fair value is estimated to be UK£0.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has declined by 27%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 2.7% per annum over the same time period.Recent Insider Transactions • Dec 31CEO & Director recently bought UK£93k worth of stockOn the 24th of December, Justin Platt bought around 158k shares on-market at roughly UK£0.59 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Justin's only on-market trade for the last 12 months.お知らせ • Dec 15Marston's PLC, Annual General Meeting, Jan 28, 2026Marston's PLC, Annual General Meeting, Jan 28, 2026. Location: the farmhouse at mackworth, the folly suite, 60 ashbourne road, derby de22 4ly, United KingdomPrice Target Changed • Dec 01Price target increased by 13% to UK£0.74Up from UK£0.66, the current price target is an average from 4 analysts. New target price is 26% above last closing price of UK£0.59. Stock is up 47% over the past year. The company is forecast to post earnings per share of UK£0.088 for next year compared to UK£0.11 last year.分析記事 • Nov 29Marston's PLC's (LON:MARS) Shares Bounce 29% But Its Business Still Trails The MarketDespite an already strong run, Marston's PLC ( LON:MARS ) shares have been powering on, with a gain of 29% in the last...New Risk • Nov 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.Reported Earnings • Nov 27Full year 2025 earnings released: EPS: UK£0.11 (vs UK£0.028 in FY 2024)Full year 2025 results: EPS: UK£0.11 (up from UK£0.028 in FY 2024). Revenue: UK£897.9m (flat on FY 2024). Net income: UK£71.6m (up 309% from FY 2024). Profit margin: 8.0% (up from 1.9% in FY 2024). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.分析記事 • Nov 26Is There Now An Opportunity In Marston's PLC (LON:MARS)?Marston's PLC ( LON:MARS ), is not the largest company out there, but it saw a significant share price rise of 63% in...お知らせ • Oct 08Marston's PLC to Report Fiscal Year 2025 Results on Nov 25, 2025Marston's PLC announced that they will report fiscal year 2025 results on Nov 25, 2025お知らせ • Jun 26Marston's plc Announces Chief Financial Officer ChangesMarston's PLC announced the appointment of Stephen Hopson as Chief Financial Officer following a comprehensive search and selection process. Stephen will succeed Hayleigh Lupino, who is leaving the Company to pursue a new opportunity outside of the Group, as previously announced. Stephen joins Marston's from Topps Tiles plc where he has served on the Executive team and Board as CFO since November 2020. Stephen brings to the role more than 10 years of senior leadership experience across the leisure and retail sectors, including as Director of Central Finance for Western Europe at Molson Coors Beverage Company, and five years of Finance Director roles at Travis Perkins plc. Previously he spent 11 years at Mitchells & Butlers plc, where he was responsible for investor relations among other functions. Stephen is a Chartered Management Accountant and holds an MBA from Warwick Business School. Stephen will join the Group and the Board on 8 September 2025. Hayleigh Lupino will remain with the Company until the end of the financial year (27 September 2025) to ensure an orderly transition.Reported Earnings • May 14First half 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFirst half 2025 results: EPS: UK£0.023 (up from UK£0.058 loss in 1H 2024). Revenue: UK£427.4m (flat on 1H 2024). Net income: UK£14.3m (up UK£50.9m from 1H 2024). Profit margin: 3.3% (up from net loss in 1H 2024). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 40%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.分析記事 • May 14Marston's PLC's (LON:MARS) Shares Bounce 28% But Its Business Still Trails The IndustryMarston's PLC ( LON:MARS ) shares have had a really impressive month, gaining 28% after a shaky period beforehand. The...Price Target Changed • Apr 27Price target decreased by 7.2% to UK£0.61Down from UK£0.66, the current price target is an average from 5 analysts. New target price is 67% above last closing price of UK£0.37. Stock is up 35% over the past year. The company is forecast to post earnings per share of UK£0.079 for next year compared to UK£0.028 last year.分析記事 • Mar 06Does Marston's (LON:MARS) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...お知らせ • Mar 04Marston's PLC Announces Departure of Hayleigh Lupino as CFOMarston's PLC announces that Hayleigh Lupino, Chief Financial Officer (CFO), has informed the Board of her decision to leave the business to pursue a new opportunity outside of the Group. She will remain with Marston's as CFO and an Executive Director for the remainder of the financial year until October 2025 to ensure a smooth transition while her successor is appointed. The process to recruit a new Chief Financial Officer is underway and a further update will be issued in due course.お知らせ • Jan 21Marston's PLC to Report First Half, 2025 Results on May 13, 2025Marston's PLC announced that they will report first half, 2025 results on May 13, 2025Recent Insider Transactions • Dec 25CEO & Director recently bought UK£67k worth of stockOn the 23rd of December, Justin Platt bought around 148k shares on-market at roughly UK£0.45 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Justin's only on-market trade for the last 12 months.New Risk • Dec 22New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 45% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risk Large one-off items impacting financial results.お知らせ • Dec 19Marston's PLC, Annual General Meeting, Jan 21, 2025Marston's PLC, Annual General Meeting, Jan 21, 2025. Location: the farmhouse at mackworth, the folly suite, 60 ashbourne road, derby de22 4ly, United Kingdom分析記事 • Dec 05The Market Doesn't Like What It Sees From Marston's PLC's (LON:MARS) Revenues YetWhen you see that almost half of the companies in the Hospitality industry in the United Kingdom have price-to-sales...New Risk • Dec 04New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.Reported Earnings • Dec 04Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: UK£0.027 (up from UK£0.015 loss in FY 2023). Revenue: UK£898.6m (up 3.0% from FY 2023). Net income: UK£17.5m (up UK£26.8m from FY 2023). Profit margin: 1.9% (up from net loss in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 148%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Nov 25Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.5% to UK£0.39. The fair value is estimated to be UK£0.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Meanwhile, the company became loss making.Price Target Changed • Oct 29Price target increased by 8.6% to UK£0.61Up from UK£0.56, the current price target is an average from 6 analysts. New target price is 51% above last closing price of UK£0.40. Stock is up 39% over the past year. The company is forecast to post earnings per share of UK£0.058 next year compared to a net loss per share of UK£0.015 last year.お知らせ • Sep 11Admiral Taverns Limited acquired Portfolio of 18 freehold pubs from Marston's PLC (LSE:MARS).Admiral Taverns Limited entered into an agreement to acquire Portfolio of 18 freehold pubs from Marston's PLC (LSE:MARS) on September 10, 2024. Noel Moffitt of Christie, Owen & Davies Ltd. acted as financial advisor for Marston's PLC. Admiral Taverns Limited completed the acquisition of Portfolio of 18 freehold pubs from Marston's PLC (LSE:MARS) on September 10, 2024.Board Change • Aug 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Chair Ken Lever was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jul 31Carlsberg UK Holdings Limited completed the acquisition of remaining 40% stake in Carlsberg Marston's Brewing Company Limited from Marston's PLC (LSE:MARS).Carlsberg UK Holdings Limited reached an agreement to acquire remaining 40% stake in Carlsberg Marston's Brewing Company Limited from Marston's PLC (LSE:MARS) for approximately £210 million on July 8, 2024. A cash consideration of £206 million will be paid by Carlsberg UK Holdings Limited. As part of consideration, £206 million is paid towards common equity of Carlsberg Marston's Brewing Company Limited. Upon completion, Carlsberg UK Holdings Limited will own 100% stake in Carlsberg Marston's Brewing Company Limited. The CMBC Transaction is conditional only on the approval of Marston’s shareholders (if required under the UK Listing Rules in place at the time). The 100% ownership of CMBC will facilitate full integration of Britvic and CMBC. The CMBC Transaction is anticipated to close in the third quarter of 2024. Completion is targeted before the end of July 2024. J.P. Morgan Securities plc acted as the financial advisor to Marston's. Alex Dustan, David Johnson, Gareth Miles, Bertrand Louveaux, Chris Sharpe, Duncan Blaikie from Slaughter and May acted as legal advisors to Marston's PLC (LSE:MARS). Carlsberg UK Holdings Limited completed the acquisition of remaining 40% stake in Carlsberg Marston's Brewing Company Limited from Marston's PLC (LSE:MARS) on July 29, 2024.分析記事 • Jul 28Marston's PLC (LON:MARS) Surges 26% Yet Its Low P/S Is No Reason For ExcitementDespite an already strong run, Marston's PLC ( LON:MARS ) shares have been powering on, with a gain of 26% in the last...お知らせ • Jul 24Marston's PLC to Report Fiscal Year 2024 Results on Dec 03, 2024Marston's PLC announced that they will report fiscal year 2024 results on Dec 03, 2024Price Target Changed • Jul 15Price target decreased by 8.5% to UK£0.49Down from UK£0.53, the current price target is an average from 6 analysts. New target price is 35% above last closing price of UK£0.36. Stock is up 15% over the past year. The company is forecast to post earnings per share of UK£0.056 next year compared to a net loss per share of UK£0.015 last year.分析記事 • Jul 12Marston's (LON:MARS) Takes On Some Risk With Its Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...お知らせ • Jul 09Carlsberg UK Holdings Limited reached an agreement to acquire remaining 40% stake in Carlsberg Marston's Brewing Company Limited from Marston's PLC (LSE:MARS) for approximately £210 million.Carlsberg UK Holdings Limited reached an agreement to acquire remaining 40% stake in Carlsberg Marston's Brewing Company Limited from Marston's PLC (LSE:MARS) for approximately £210 million on July 8, 2024. A cash consideration of £206 million will be paid by Carlsberg UK Holdings Limited. As part of consideration, £206 million is paid towards common equity of Carlsberg Marston's Brewing Company Limited. Upon completion, Carlsberg UK Holdings Limited will own 100% stake in Carlsberg Marston's Brewing Company Limited. The CMBC Transaction is conditional only on the approval of Marston’s shareholders (if required under the UK Listing Rules in place at the time). The 100% ownership of CMBC will facilitate full integration of Britvic and CMBC. The CMBC Transaction is anticipated to close in the third quarter of 2024.お知らせ • Jul 04Marston's PLC Announces Board ChangesMarston's PLC announced that, following an extensive external process,Kenneth (‘Ken’) Lever has been appointed as independent non-executive Chair of the Company with effect from 8 July 2024. Ken Lever succeeds William Rucker who, as previously announced, steps down from the Board on the same date. Ken will also be appointed as Chair of the Nomination Committee. Ken is an experienced business leader, having held a number of senior executive and non-executive positions at UK listed firms, across multiple sectors including retail, manufacturing, construction, software and business services. He is currently Non-executive Chair at Cirata PLC, Senior Independent Director at Rockwood Strategic plc, and Deputy Chair of Rainier Developments Limited. Ken has recently retired from the Board of Vertu Motors PLC and was previously the Non-Executive Chair of Biffa plc and RPS Group plc and a Non-Executive Director at Blue Prism plc.お知らせ • Mar 12Marston's PLC Announces William Rucker Step Down from His Role as Director and Chair of the Board, Effective from 8 July 2024Marston's PLC announced that following five and a half years as Chair of the Group, William Rucker has informed the Board of his intention to step down from his role as Director and Chair of the Board with effect from 8 July 2024 in view of his other increased business commitments which include William becoming Chair Designate of the British Land Company PLC with effect from 9 July 2024. The Nominations Committee, led by Senior Independent Director, Octavia Morley, is overseeing a comprehensive search process to appoint his successor.お知らせ • Jan 24Marston's plc Approves the Election of Rachel Osborne as DirectorMarston's PLC announced that at its Annual General Meeting, held on 23 January 2024, approved the election of Rachel Osborne as Director.お知らせ • Jan 23Marston's PLC to Report First Half, 2024 Results on May 14, 2024Marston's PLC announced that they will report first half, 2024 results on May 14, 2024Price Target Changed • Jan 12Price target increased by 7.0% to UK£0.52Up from UK£0.49, the current price target is an average from 7 analysts. New target price is 53% above last closing price of UK£0.34. Stock is down 21% over the past year. The company is forecast to post earnings per share of UK£0.071 next year compared to a net loss per share of UK£0.015 last year.お知らせ • Dec 21Marston's PLC, Annual General Meeting, Jan 23, 2024Marston's PLC, Annual General Meeting, Jan 23, 2024, at 10:00 Coordinated Universal Time. Location: The Farmhouse at Mackworth, The Folly Suite 60 Ashbourne Road, DE22 4LY Derby United Kingdom Agenda: To receive and adopt the Company's audited accounts and the reports of the Directors of the Company and the Independent Auditors for the 52 week period ended 30 September 2023; to approve the Annual Report on Remuneration for the period ended 30 September 2023; to elect the Directors and to consider Re-election of Directors.Reported Earnings • Dec 06Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: UK£0.015 loss per share (down from UK£0.22 profit in FY 2022). Revenue: UK£872.3m (up 9.1% from FY 2022). Net loss: UK£9.30m (down 107% from profit in FY 2022). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.お知らせ • Nov 29Marston's PLC Announces Board Changes, with Effect from 23 January 2024Marston's PLC announced that Matthew Roberts, who has served as a non-executive director and Chair of the Audit Committee since 2017, will retire from the Board with effect from 23 January 2024, after conclusion of the Company's AGM. The Board extends its Matthew for his valuable contribution and hard work during his time with the Company. Marston's PLC is also pleased to announce the appointment of Rachel Osborne, who will join the Board as an independent non-executive director and Chair of the Audit Committee with effect from 23 January 2024. Rachel will join the Nomination and Remuneration Committees at the same time. Until last year, Rachel served as Chief Executive Officer of Ted Baker and is currently a non-executive director and Chair of the Audit Committee at Ocado Group plc. In addition, Rachel is a qualified Chartered Accountant and brings a wealth of recent and relevant financial, consumer and retail experience to the Board, having previously served as the Chief Financial Officer of multiple listed companies including Ted Baker, Debenhams plc and Domino's Pizza Group.お知らせ • Nov 17Marston's plc Announces CEO ChangesMarston's PLC announces that, having navigated the Company through the pandemic and more recently the challenging macroeconomic conditions, Andrew Andrea has agreed with the Board that he will step down as Chief Executive Officer with immediate effect. He will, however, be available to the business for a period to ensure a smooth handover of responsibilities. The Board announced that following an external process, Justin Platt has been appointed as Chief Executive Officer with effect from 10 January 2024. William Rucker, Chair, will support the management transition in the short interim period with the Executive team reporting directly into him. Justin has over 30 years' experience in hospitality and consumer-facing businesses, having spent the last 12 years at Merlin Entertainments; most recently as Chief Strategy Officer and prior to that in a variety of operational leadership roles. Justin has a proven track record of delivering sustainable business growth through his clarity of strategic focus, a passion for enhancing customer experiences and a relentless focus on business results delivery. Justin's combination of operational and strategic experience in multi-site leisure businesses equips him perfectly to lead Marston's through the next phase of its development.分析記事 • Nov 04Is Now An Opportune Moment To Examine Marston's PLC (LON:MARS)?While Marston's PLC ( LON:MARS ) might not be the most widely known stock at the moment, it saw a decent share price...Major Estimate Revision • Aug 16Consensus EPS estimates increase by 28%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from UK£0.024 to UK£0.031. Revenue forecast steady at UK£856.7m. Net income forecast to shrink 68% next year vs 21% growth forecast for Hospitality industry in the United Kingdom . Consensus price target of UK£0.50 unchanged from last update. Share price rose 3.4% to UK£0.32 over the past week.お知らせ • Jul 25Marston's PLC to Report Fiscal Year 2023 Results on Dec 05, 2023Marston's PLC announced that they will report fiscal year 2023 results on Dec 05, 2023お知らせ • Jul 14Young & Co.'s Brewery, P.L.C. (AIM:YNGA) acquired The White Lion Tenterden from Marston's PLC (LSE:MARS).Young & Co.'s Brewery, P.L.C. (AIM:YNGA) acquired The White Lion Tenterden from Marston's PLC (LSE:MARS) on July 13, 2023.Young & Co.'s Brewery, P.L.C. (AIM:YNGA) completed the acquisition of The White Lion Tenterden from Marston's PLC (LSE:MARS) on July 13, 2023.Major Estimate Revision • Jun 15Consensus EPS estimates fall by 30%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from UK£0.035 to UK£0.024 per share. Revenue forecast steady at UK£849.9m. Net income forecast to shrink 69% next year vs 9.2% growth forecast for Hospitality industry in the United Kingdom . Consensus price target of UK£0.50 unchanged from last update. Share price was steady at UK£0.30 over the past week.Buying Opportunity • Jun 09Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 23%. The fair value is estimated to be UK£0.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings is forecast to decline by 4.7% per annum over the same time period.Major Estimate Revision • May 23Consensus EPS estimates fall by 30%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from UK£833.0m to UK£843.7m. EPS estimate fell from UK£0.051 to UK£0.035 per share. Net income forecast to shrink 65% next year vs 5.2% growth forecast for Hospitality industry in the United Kingdom . Consensus price target of UK£0.50 unchanged from last update. Share price fell 3.2% to UK£0.34 over the past week.Reported Earnings • May 16First half 2023 earnings released: UK£0.045 loss per share (vs UK£0.031 profit in 1H 2022)First half 2023 results: UK£0.045 loss per share (down from UK£0.031 profit in 1H 2022). Revenue: UK£407.0m (up 10% from 1H 2022). Net loss: UK£28.8m (down 249% from profit in 1H 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 24Marston's PLC to Report First Half, 2023 Results on May 16, 2023Marston's PLC announced that they will report first half, 2023 results on May 16, 2023お知らせ • Dec 22Marston's PLC, Annual General Meeting, Jan 24, 2023Marston's PLC, Annual General Meeting, Jan 24, 2023, at 10:00 Coordinated Universal Time.Reported Earnings • Dec 07Full year 2022 earnings released: EPS: UK£0.22 (vs UK£0.20 loss in FY 2021)Full year 2022 results: EPS: UK£0.22 (up from UK£0.20 loss in FY 2021). Revenue: UK£799.6m (up 99% from FY 2021). Net income: UK£137.2m (up UK£265.5m from FY 2021). Profit margin: 17% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.Price Target Changed • Nov 28Price target decreased to UK£0.52Down from UK£0.57, the current price target is an average from 9 analysts. New target price is 28% above last closing price of UK£0.41. Stock is down 42% over the past year. The company is forecast to post earnings per share of UK£0.049 next year compared to a net loss per share of UK£0.20 last year.Price Target Changed • Jul 29Price target decreased to UK£0.63Down from UK£0.70, the current price target is an average from 10 analysts. New target price is 33% above last closing price of UK£0.48. Stock is down 43% over the past year. The company is forecast to post earnings per share of UK£0.046 next year compared to a net loss per share of UK£0.20 last year.Price Target Changed • Jul 19Price target decreased to UK£0.70Down from UK£0.79, the current price target is an average from 11 analysts. New target price is 49% above last closing price of UK£0.47. Stock is down 41% over the past year. The company is forecast to post earnings per share of UK£0.05 next year compared to a net loss per share of UK£0.20 last year.Price Target Changed • Jul 08Price target decreased to UK£0.75Down from UK£0.82, the current price target is an average from 11 analysts. New target price is 64% above last closing price of UK£0.46. Stock is down 47% over the past year. The company is forecast to post earnings per share of UK£0.055 next year compared to a net loss per share of UK£0.20 last year.Price Target Changed • May 30Price target decreased to UK£0.81Down from UK£0.87, the current price target is an average from 11 analysts. New target price is 32% above last closing price of UK£0.61. Stock is down 33% over the past year. The company is forecast to post earnings per share of UK£0.055 next year compared to a net loss per share of UK£0.20 last year.Price Target Changed • May 24Price target decreased to UK£0.82Down from UK£0.90, the current price target is an average from 11 analysts. New target price is 41% above last closing price of UK£0.58. Stock is down 40% over the past year. The company is forecast to post earnings per share of UK£0.039 next year compared to a net loss per share of UK£0.20 last year.Reported Earnings • May 20First half 2022 earnings: EPS and revenues exceed analyst expectationsFirst half 2022 results: EPS: UK£0.031 (up from UK£0.15 loss in 1H 2021). Revenue: UK£369.7m (up UK£314.6m from 1H 2021). Net income: UK£19.4m (up UK£111.9m from 1H 2021). Profit margin: 5.2% (up from net loss in 1H 2021). Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 11%, compared to a 29% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Price Target Changed • Jan 06Price target decreased to UK£0.91Down from UK£0.98, the current price target is an average from 10 analysts. New target price is 15% above last closing price of UK£0.79. The company is forecast to post earnings per share of UK£0.11 next year compared to a net loss per share of UK£0.20 last year.Reported Earnings • Dec 01Full year 2021 earnings: Revenues miss analyst expectationsFull year 2021 results: Revenue: UK£401.7m (down 22% from FY 2020). Net loss: UK£128.3m (loss narrowed 63% from FY 2020). Revenue missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 95%, compared to a 46% growth forecast for the restaurants industry in the United Kingdom.Executive Departure • Oct 06CEO & Executive Director Ralph Findlay has left the companyOn the 2nd of October, Ralph Findlay's tenure as CEO & Executive Director ended. As of June 2021, Ralph still personally held 1.29m shares (UK£1.1m worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 7.54 years.Executive Departure • Aug 04Senior Independent Director Carolyn Bradley has left the companyOn the 31st of July, Carolyn Bradley's tenure as Senior Independent Director ended after 4.5 years in the role. As of March 2021, Carolyn still personally held only 25.00k shares (UK£25k worth at the time). Carolyn is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 7.38 years.Price Target Changed • May 01Price target increased to UK£0.99Up from UK£0.93, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of UK£0.97.Is New 90 Day High Low • Feb 02New 90-day high: UK£0.87The company is up 82% from its price of UK£0.48 on 03 November 2020. The British market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.25 per share.Major Estimate Revision • Jan 27Analysts lower EPS estimates to -UK£0.077The 2021 consensus revenue estimate was lowered from UK£561.8m to UK£526.8m. The company is forecast to report a loss instead of a profit with analysts lowering their EPS forecasts from UK£0.036 to -UK£0.077 for the same period. The Hospitality industry in the United Kingdom is expected to see an average net income growth of 24% next year. The consensus price target increased from UK£0.69 to UK£0.76. Share price is down by 3.9% to UK£0.76 over the past week.Price Target Changed • Jan 26Price target raised to UK£0.76Up from UK£0.69, the current price target is an average from 10 analysts. The new target price is close to the current share price of UK£0.76. As of last close, the stock is down 29% over the past year.Major Estimate Revision • Jan 22Analysts update estimatesThe 2021 consensus revenue estimate was lowered from UK£561.8m to UK£532.6m. Earnings per share (EPS) increased from UK£0.049 to UK£0.059 for the same period. Net income is expected to grow by 95% next year compared to 24% growth forecast for the Hospitality industry in the United Kingdom. The consensus price target increased from UK£0.69 to UK£0.73. Share price stayed mostly flat at UK£0.79 over the past week.Price Target Changed • Jan 21Price target raised to UK£0.73Up from UK£0.68, the current price target is an average from 10 analysts. The new target price is 10% below the current share price of UK£0.81. As of last close, the stock is down 31% over the past year.Is New 90 Day High Low • Jan 08New 90-day high: UK£0.79The company is up 58% from its price of UK£0.50 on 09 October 2020. The British market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.14 per share.Analyst Estimate Surprise Post Earnings • Dec 25Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 503%. Over the next year, revenue is forecast to grow 25%, compared to a 3.3% growth forecast for the Hospitality industry in the United Kingdom.Is New 90 Day High Low • Dec 17New 90-day high: UK£0.74The company is up 60% from its price of UK£0.47 on 18 September 2020. The British market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.03 per share.分析記事 • Dec 15Marston's (LON:MARS) Has No Shortage Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Nov 27Is There An Opportunity With Marston's PLC's (LON:MARS) 40% Undervaluation?How far off is Marston's PLC (LON:MARS) from its intrinsic value? Using the most recent financial data, we'll take a...Is New 90 Day High Low • Nov 09New 90-day high: UK£0.59The company is up 12% from its price of UK£0.53 on 11 August 2020. The British market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.10 per share.業績と収益の成長予測LSE:MARS - アナリストの将来予測と過去の財務データ ( )GBP Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数9/30/2028948745921959/30/2027928676121559/30/2026905594821023/28/202689375116186N/A12/28/202589673127192N/A9/27/202589872138199N/A6/27/202589862140199N/A3/29/202589852142198N/A12/29/202489835152203N/A9/28/202489918161207N/A3/30/2024893-10116162N/A12/30/2023883-1596152N/A9/30/2023872-1976141N/A6/30/20238554084157N/A4/1/20238378992174N/A1/1/202381811378154N/A10/1/202280013764134N/A7/1/20227586060123N/A4/2/2022716-1655112N/A1/2/2022559-722273N/A10/2/2021402-128-1235N/A7/2/2021315-272N/AN/AN/A4/3/2021227-4161452N/A1/3/2021371-38253104N/A10/3/2020516-34893157N/A3/28/2020574-7682187N/A12/28/2019679-57N/A191N/A9/28/2019784-37N/A196N/A6/28/20191,16926N/A191N/A3/30/20191,16572N/A186N/A12/30/20181,15359N/A184N/A9/29/20181,14145N/A182N/A6/29/20181,11543N/A200N/A3/31/20181,08942N/A217N/A12/31/20171,05063N/A215N/A9/30/20171,01185N/A214N/A6/30/201797882N/A188N/A4/1/201794579N/A162N/A1/1/201794176N/A172N/A10/1/201693773N/A183N/A7/1/201693072N/A184N/A4/2/201692271N/A185N/A1/2/201690147N/A174N/A10/3/201587923N/A162N/A7/3/2015855-2N/A151N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: MARSの予測収益成長率 (年間1.6% ) は 貯蓄率 ( 3.4% ) を下回っています。収益対市場: MARSの収益 ( 1.6% ) UK市場 ( 11.5% ) よりも低い成長が予測されています。高成長収益: MARSの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: MARSの収益 ( 2.4% ) UK市場 ( 4.5% ) よりも低い成長が予測されています。高い収益成長: MARSの収益 ( 2.4% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: MARSの 自己資本利益率 は、3年後には低くなると予測されています ( 8 %)。成長企業の発掘7D1Y7D1Y7D1YConsumer-services 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/20 13:38終値2026/05/20 00:00収益2026/03/28年間収益2025/09/27データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Marston's PLC 5 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。21 アナリスト機関Julian EasthopeBarclaysRobert ChantryBerenbergNicholas ThomasBofA Global Research18 その他のアナリストを表示
Price Target Changed • Dec 01Price target increased by 13% to UK£0.74Up from UK£0.66, the current price target is an average from 4 analysts. New target price is 26% above last closing price of UK£0.59. Stock is up 47% over the past year. The company is forecast to post earnings per share of UK£0.088 for next year compared to UK£0.11 last year.
Price Target Changed • Apr 27Price target decreased by 7.2% to UK£0.61Down from UK£0.66, the current price target is an average from 5 analysts. New target price is 67% above last closing price of UK£0.37. Stock is up 35% over the past year. The company is forecast to post earnings per share of UK£0.079 for next year compared to UK£0.028 last year.
Price Target Changed • Oct 29Price target increased by 8.6% to UK£0.61Up from UK£0.56, the current price target is an average from 6 analysts. New target price is 51% above last closing price of UK£0.40. Stock is up 39% over the past year. The company is forecast to post earnings per share of UK£0.058 next year compared to a net loss per share of UK£0.015 last year.
Price Target Changed • Jul 15Price target decreased by 8.5% to UK£0.49Down from UK£0.53, the current price target is an average from 6 analysts. New target price is 35% above last closing price of UK£0.36. Stock is up 15% over the past year. The company is forecast to post earnings per share of UK£0.056 next year compared to a net loss per share of UK£0.015 last year.
Price Target Changed • Jan 12Price target increased by 7.0% to UK£0.52Up from UK£0.49, the current price target is an average from 7 analysts. New target price is 53% above last closing price of UK£0.34. Stock is down 21% over the past year. The company is forecast to post earnings per share of UK£0.071 next year compared to a net loss per share of UK£0.015 last year.
Major Estimate Revision • Aug 16Consensus EPS estimates increase by 28%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from UK£0.024 to UK£0.031. Revenue forecast steady at UK£856.7m. Net income forecast to shrink 68% next year vs 21% growth forecast for Hospitality industry in the United Kingdom . Consensus price target of UK£0.50 unchanged from last update. Share price rose 3.4% to UK£0.32 over the past week.
お知らせ • Mar 30Marston's PLC to Report First Half, 2026 Results on May 12, 2026Marston's PLC announced that they will report first half, 2026 results on May 12, 2026
New Risk • Jan 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results.
Buy Or Sell Opportunity • Jan 28Now 28% undervaluedOver the last 90 days, the stock has risen 30% to UK£0.60. The fair value is estimated to be UK£0.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has declined by 27%. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings are also forecast to grow by 2.7% per annum over the same time period.
Buy Or Sell Opportunity • Jan 12Now 20% undervaluedOver the last 90 days, the stock has risen 55% to UK£0.65. The fair value is estimated to be UK£0.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has declined by 27%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 2.7% per annum over the same time period.
Recent Insider Transactions • Dec 31CEO & Director recently bought UK£93k worth of stockOn the 24th of December, Justin Platt bought around 158k shares on-market at roughly UK£0.59 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Justin's only on-market trade for the last 12 months.
お知らせ • Dec 15Marston's PLC, Annual General Meeting, Jan 28, 2026Marston's PLC, Annual General Meeting, Jan 28, 2026. Location: the farmhouse at mackworth, the folly suite, 60 ashbourne road, derby de22 4ly, United Kingdom
Price Target Changed • Dec 01Price target increased by 13% to UK£0.74Up from UK£0.66, the current price target is an average from 4 analysts. New target price is 26% above last closing price of UK£0.59. Stock is up 47% over the past year. The company is forecast to post earnings per share of UK£0.088 for next year compared to UK£0.11 last year.
分析記事 • Nov 29Marston's PLC's (LON:MARS) Shares Bounce 29% But Its Business Still Trails The MarketDespite an already strong run, Marston's PLC ( LON:MARS ) shares have been powering on, with a gain of 29% in the last...
New Risk • Nov 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.
Reported Earnings • Nov 27Full year 2025 earnings released: EPS: UK£0.11 (vs UK£0.028 in FY 2024)Full year 2025 results: EPS: UK£0.11 (up from UK£0.028 in FY 2024). Revenue: UK£897.9m (flat on FY 2024). Net income: UK£71.6m (up 309% from FY 2024). Profit margin: 8.0% (up from 1.9% in FY 2024). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
分析記事 • Nov 26Is There Now An Opportunity In Marston's PLC (LON:MARS)?Marston's PLC ( LON:MARS ), is not the largest company out there, but it saw a significant share price rise of 63% in...
お知らせ • Oct 08Marston's PLC to Report Fiscal Year 2025 Results on Nov 25, 2025Marston's PLC announced that they will report fiscal year 2025 results on Nov 25, 2025
お知らせ • Jun 26Marston's plc Announces Chief Financial Officer ChangesMarston's PLC announced the appointment of Stephen Hopson as Chief Financial Officer following a comprehensive search and selection process. Stephen will succeed Hayleigh Lupino, who is leaving the Company to pursue a new opportunity outside of the Group, as previously announced. Stephen joins Marston's from Topps Tiles plc where he has served on the Executive team and Board as CFO since November 2020. Stephen brings to the role more than 10 years of senior leadership experience across the leisure and retail sectors, including as Director of Central Finance for Western Europe at Molson Coors Beverage Company, and five years of Finance Director roles at Travis Perkins plc. Previously he spent 11 years at Mitchells & Butlers plc, where he was responsible for investor relations among other functions. Stephen is a Chartered Management Accountant and holds an MBA from Warwick Business School. Stephen will join the Group and the Board on 8 September 2025. Hayleigh Lupino will remain with the Company until the end of the financial year (27 September 2025) to ensure an orderly transition.
Reported Earnings • May 14First half 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFirst half 2025 results: EPS: UK£0.023 (up from UK£0.058 loss in 1H 2024). Revenue: UK£427.4m (flat on 1H 2024). Net income: UK£14.3m (up UK£50.9m from 1H 2024). Profit margin: 3.3% (up from net loss in 1H 2024). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 40%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
分析記事 • May 14Marston's PLC's (LON:MARS) Shares Bounce 28% But Its Business Still Trails The IndustryMarston's PLC ( LON:MARS ) shares have had a really impressive month, gaining 28% after a shaky period beforehand. The...
Price Target Changed • Apr 27Price target decreased by 7.2% to UK£0.61Down from UK£0.66, the current price target is an average from 5 analysts. New target price is 67% above last closing price of UK£0.37. Stock is up 35% over the past year. The company is forecast to post earnings per share of UK£0.079 for next year compared to UK£0.028 last year.
分析記事 • Mar 06Does Marston's (LON:MARS) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
お知らせ • Mar 04Marston's PLC Announces Departure of Hayleigh Lupino as CFOMarston's PLC announces that Hayleigh Lupino, Chief Financial Officer (CFO), has informed the Board of her decision to leave the business to pursue a new opportunity outside of the Group. She will remain with Marston's as CFO and an Executive Director for the remainder of the financial year until October 2025 to ensure a smooth transition while her successor is appointed. The process to recruit a new Chief Financial Officer is underway and a further update will be issued in due course.
お知らせ • Jan 21Marston's PLC to Report First Half, 2025 Results on May 13, 2025Marston's PLC announced that they will report first half, 2025 results on May 13, 2025
Recent Insider Transactions • Dec 25CEO & Director recently bought UK£67k worth of stockOn the 23rd of December, Justin Platt bought around 148k shares on-market at roughly UK£0.45 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Justin's only on-market trade for the last 12 months.
New Risk • Dec 22New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 45% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risk Large one-off items impacting financial results.
お知らせ • Dec 19Marston's PLC, Annual General Meeting, Jan 21, 2025Marston's PLC, Annual General Meeting, Jan 21, 2025. Location: the farmhouse at mackworth, the folly suite, 60 ashbourne road, derby de22 4ly, United Kingdom
分析記事 • Dec 05The Market Doesn't Like What It Sees From Marston's PLC's (LON:MARS) Revenues YetWhen you see that almost half of the companies in the Hospitality industry in the United Kingdom have price-to-sales...
New Risk • Dec 04New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.
Reported Earnings • Dec 04Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: UK£0.027 (up from UK£0.015 loss in FY 2023). Revenue: UK£898.6m (up 3.0% from FY 2023). Net income: UK£17.5m (up UK£26.8m from FY 2023). Profit margin: 1.9% (up from net loss in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 148%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Nov 25Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.5% to UK£0.39. The fair value is estimated to be UK£0.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Meanwhile, the company became loss making.
Price Target Changed • Oct 29Price target increased by 8.6% to UK£0.61Up from UK£0.56, the current price target is an average from 6 analysts. New target price is 51% above last closing price of UK£0.40. Stock is up 39% over the past year. The company is forecast to post earnings per share of UK£0.058 next year compared to a net loss per share of UK£0.015 last year.
お知らせ • Sep 11Admiral Taverns Limited acquired Portfolio of 18 freehold pubs from Marston's PLC (LSE:MARS).Admiral Taverns Limited entered into an agreement to acquire Portfolio of 18 freehold pubs from Marston's PLC (LSE:MARS) on September 10, 2024. Noel Moffitt of Christie, Owen & Davies Ltd. acted as financial advisor for Marston's PLC. Admiral Taverns Limited completed the acquisition of Portfolio of 18 freehold pubs from Marston's PLC (LSE:MARS) on September 10, 2024.
Board Change • Aug 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Chair Ken Lever was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jul 31Carlsberg UK Holdings Limited completed the acquisition of remaining 40% stake in Carlsberg Marston's Brewing Company Limited from Marston's PLC (LSE:MARS).Carlsberg UK Holdings Limited reached an agreement to acquire remaining 40% stake in Carlsberg Marston's Brewing Company Limited from Marston's PLC (LSE:MARS) for approximately £210 million on July 8, 2024. A cash consideration of £206 million will be paid by Carlsberg UK Holdings Limited. As part of consideration, £206 million is paid towards common equity of Carlsberg Marston's Brewing Company Limited. Upon completion, Carlsberg UK Holdings Limited will own 100% stake in Carlsberg Marston's Brewing Company Limited. The CMBC Transaction is conditional only on the approval of Marston’s shareholders (if required under the UK Listing Rules in place at the time). The 100% ownership of CMBC will facilitate full integration of Britvic and CMBC. The CMBC Transaction is anticipated to close in the third quarter of 2024. Completion is targeted before the end of July 2024. J.P. Morgan Securities plc acted as the financial advisor to Marston's. Alex Dustan, David Johnson, Gareth Miles, Bertrand Louveaux, Chris Sharpe, Duncan Blaikie from Slaughter and May acted as legal advisors to Marston's PLC (LSE:MARS). Carlsberg UK Holdings Limited completed the acquisition of remaining 40% stake in Carlsberg Marston's Brewing Company Limited from Marston's PLC (LSE:MARS) on July 29, 2024.
分析記事 • Jul 28Marston's PLC (LON:MARS) Surges 26% Yet Its Low P/S Is No Reason For ExcitementDespite an already strong run, Marston's PLC ( LON:MARS ) shares have been powering on, with a gain of 26% in the last...
お知らせ • Jul 24Marston's PLC to Report Fiscal Year 2024 Results on Dec 03, 2024Marston's PLC announced that they will report fiscal year 2024 results on Dec 03, 2024
Price Target Changed • Jul 15Price target decreased by 8.5% to UK£0.49Down from UK£0.53, the current price target is an average from 6 analysts. New target price is 35% above last closing price of UK£0.36. Stock is up 15% over the past year. The company is forecast to post earnings per share of UK£0.056 next year compared to a net loss per share of UK£0.015 last year.
分析記事 • Jul 12Marston's (LON:MARS) Takes On Some Risk With Its Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
お知らせ • Jul 09Carlsberg UK Holdings Limited reached an agreement to acquire remaining 40% stake in Carlsberg Marston's Brewing Company Limited from Marston's PLC (LSE:MARS) for approximately £210 million.Carlsberg UK Holdings Limited reached an agreement to acquire remaining 40% stake in Carlsberg Marston's Brewing Company Limited from Marston's PLC (LSE:MARS) for approximately £210 million on July 8, 2024. A cash consideration of £206 million will be paid by Carlsberg UK Holdings Limited. As part of consideration, £206 million is paid towards common equity of Carlsberg Marston's Brewing Company Limited. Upon completion, Carlsberg UK Holdings Limited will own 100% stake in Carlsberg Marston's Brewing Company Limited. The CMBC Transaction is conditional only on the approval of Marston’s shareholders (if required under the UK Listing Rules in place at the time). The 100% ownership of CMBC will facilitate full integration of Britvic and CMBC. The CMBC Transaction is anticipated to close in the third quarter of 2024.
お知らせ • Jul 04Marston's PLC Announces Board ChangesMarston's PLC announced that, following an extensive external process,Kenneth (‘Ken’) Lever has been appointed as independent non-executive Chair of the Company with effect from 8 July 2024. Ken Lever succeeds William Rucker who, as previously announced, steps down from the Board on the same date. Ken will also be appointed as Chair of the Nomination Committee. Ken is an experienced business leader, having held a number of senior executive and non-executive positions at UK listed firms, across multiple sectors including retail, manufacturing, construction, software and business services. He is currently Non-executive Chair at Cirata PLC, Senior Independent Director at Rockwood Strategic plc, and Deputy Chair of Rainier Developments Limited. Ken has recently retired from the Board of Vertu Motors PLC and was previously the Non-Executive Chair of Biffa plc and RPS Group plc and a Non-Executive Director at Blue Prism plc.
お知らせ • Mar 12Marston's PLC Announces William Rucker Step Down from His Role as Director and Chair of the Board, Effective from 8 July 2024Marston's PLC announced that following five and a half years as Chair of the Group, William Rucker has informed the Board of his intention to step down from his role as Director and Chair of the Board with effect from 8 July 2024 in view of his other increased business commitments which include William becoming Chair Designate of the British Land Company PLC with effect from 9 July 2024. The Nominations Committee, led by Senior Independent Director, Octavia Morley, is overseeing a comprehensive search process to appoint his successor.
お知らせ • Jan 24Marston's plc Approves the Election of Rachel Osborne as DirectorMarston's PLC announced that at its Annual General Meeting, held on 23 January 2024, approved the election of Rachel Osborne as Director.
お知らせ • Jan 23Marston's PLC to Report First Half, 2024 Results on May 14, 2024Marston's PLC announced that they will report first half, 2024 results on May 14, 2024
Price Target Changed • Jan 12Price target increased by 7.0% to UK£0.52Up from UK£0.49, the current price target is an average from 7 analysts. New target price is 53% above last closing price of UK£0.34. Stock is down 21% over the past year. The company is forecast to post earnings per share of UK£0.071 next year compared to a net loss per share of UK£0.015 last year.
お知らせ • Dec 21Marston's PLC, Annual General Meeting, Jan 23, 2024Marston's PLC, Annual General Meeting, Jan 23, 2024, at 10:00 Coordinated Universal Time. Location: The Farmhouse at Mackworth, The Folly Suite 60 Ashbourne Road, DE22 4LY Derby United Kingdom Agenda: To receive and adopt the Company's audited accounts and the reports of the Directors of the Company and the Independent Auditors for the 52 week period ended 30 September 2023; to approve the Annual Report on Remuneration for the period ended 30 September 2023; to elect the Directors and to consider Re-election of Directors.
Reported Earnings • Dec 06Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: UK£0.015 loss per share (down from UK£0.22 profit in FY 2022). Revenue: UK£872.3m (up 9.1% from FY 2022). Net loss: UK£9.30m (down 107% from profit in FY 2022). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.
お知らせ • Nov 29Marston's PLC Announces Board Changes, with Effect from 23 January 2024Marston's PLC announced that Matthew Roberts, who has served as a non-executive director and Chair of the Audit Committee since 2017, will retire from the Board with effect from 23 January 2024, after conclusion of the Company's AGM. The Board extends its Matthew for his valuable contribution and hard work during his time with the Company. Marston's PLC is also pleased to announce the appointment of Rachel Osborne, who will join the Board as an independent non-executive director and Chair of the Audit Committee with effect from 23 January 2024. Rachel will join the Nomination and Remuneration Committees at the same time. Until last year, Rachel served as Chief Executive Officer of Ted Baker and is currently a non-executive director and Chair of the Audit Committee at Ocado Group plc. In addition, Rachel is a qualified Chartered Accountant and brings a wealth of recent and relevant financial, consumer and retail experience to the Board, having previously served as the Chief Financial Officer of multiple listed companies including Ted Baker, Debenhams plc and Domino's Pizza Group.
お知らせ • Nov 17Marston's plc Announces CEO ChangesMarston's PLC announces that, having navigated the Company through the pandemic and more recently the challenging macroeconomic conditions, Andrew Andrea has agreed with the Board that he will step down as Chief Executive Officer with immediate effect. He will, however, be available to the business for a period to ensure a smooth handover of responsibilities. The Board announced that following an external process, Justin Platt has been appointed as Chief Executive Officer with effect from 10 January 2024. William Rucker, Chair, will support the management transition in the short interim period with the Executive team reporting directly into him. Justin has over 30 years' experience in hospitality and consumer-facing businesses, having spent the last 12 years at Merlin Entertainments; most recently as Chief Strategy Officer and prior to that in a variety of operational leadership roles. Justin has a proven track record of delivering sustainable business growth through his clarity of strategic focus, a passion for enhancing customer experiences and a relentless focus on business results delivery. Justin's combination of operational and strategic experience in multi-site leisure businesses equips him perfectly to lead Marston's through the next phase of its development.
分析記事 • Nov 04Is Now An Opportune Moment To Examine Marston's PLC (LON:MARS)?While Marston's PLC ( LON:MARS ) might not be the most widely known stock at the moment, it saw a decent share price...
Major Estimate Revision • Aug 16Consensus EPS estimates increase by 28%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from UK£0.024 to UK£0.031. Revenue forecast steady at UK£856.7m. Net income forecast to shrink 68% next year vs 21% growth forecast for Hospitality industry in the United Kingdom . Consensus price target of UK£0.50 unchanged from last update. Share price rose 3.4% to UK£0.32 over the past week.
お知らせ • Jul 25Marston's PLC to Report Fiscal Year 2023 Results on Dec 05, 2023Marston's PLC announced that they will report fiscal year 2023 results on Dec 05, 2023
お知らせ • Jul 14Young & Co.'s Brewery, P.L.C. (AIM:YNGA) acquired The White Lion Tenterden from Marston's PLC (LSE:MARS).Young & Co.'s Brewery, P.L.C. (AIM:YNGA) acquired The White Lion Tenterden from Marston's PLC (LSE:MARS) on July 13, 2023.Young & Co.'s Brewery, P.L.C. (AIM:YNGA) completed the acquisition of The White Lion Tenterden from Marston's PLC (LSE:MARS) on July 13, 2023.
Major Estimate Revision • Jun 15Consensus EPS estimates fall by 30%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from UK£0.035 to UK£0.024 per share. Revenue forecast steady at UK£849.9m. Net income forecast to shrink 69% next year vs 9.2% growth forecast for Hospitality industry in the United Kingdom . Consensus price target of UK£0.50 unchanged from last update. Share price was steady at UK£0.30 over the past week.
Buying Opportunity • Jun 09Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 23%. The fair value is estimated to be UK£0.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings is forecast to decline by 4.7% per annum over the same time period.
Major Estimate Revision • May 23Consensus EPS estimates fall by 30%, revenue upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from UK£833.0m to UK£843.7m. EPS estimate fell from UK£0.051 to UK£0.035 per share. Net income forecast to shrink 65% next year vs 5.2% growth forecast for Hospitality industry in the United Kingdom . Consensus price target of UK£0.50 unchanged from last update. Share price fell 3.2% to UK£0.34 over the past week.
Reported Earnings • May 16First half 2023 earnings released: UK£0.045 loss per share (vs UK£0.031 profit in 1H 2022)First half 2023 results: UK£0.045 loss per share (down from UK£0.031 profit in 1H 2022). Revenue: UK£407.0m (up 10% from 1H 2022). Net loss: UK£28.8m (down 249% from profit in 1H 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 24Marston's PLC to Report First Half, 2023 Results on May 16, 2023Marston's PLC announced that they will report first half, 2023 results on May 16, 2023
お知らせ • Dec 22Marston's PLC, Annual General Meeting, Jan 24, 2023Marston's PLC, Annual General Meeting, Jan 24, 2023, at 10:00 Coordinated Universal Time.
Reported Earnings • Dec 07Full year 2022 earnings released: EPS: UK£0.22 (vs UK£0.20 loss in FY 2021)Full year 2022 results: EPS: UK£0.22 (up from UK£0.20 loss in FY 2021). Revenue: UK£799.6m (up 99% from FY 2021). Net income: UK£137.2m (up UK£265.5m from FY 2021). Profit margin: 17% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.
Price Target Changed • Nov 28Price target decreased to UK£0.52Down from UK£0.57, the current price target is an average from 9 analysts. New target price is 28% above last closing price of UK£0.41. Stock is down 42% over the past year. The company is forecast to post earnings per share of UK£0.049 next year compared to a net loss per share of UK£0.20 last year.
Price Target Changed • Jul 29Price target decreased to UK£0.63Down from UK£0.70, the current price target is an average from 10 analysts. New target price is 33% above last closing price of UK£0.48. Stock is down 43% over the past year. The company is forecast to post earnings per share of UK£0.046 next year compared to a net loss per share of UK£0.20 last year.
Price Target Changed • Jul 19Price target decreased to UK£0.70Down from UK£0.79, the current price target is an average from 11 analysts. New target price is 49% above last closing price of UK£0.47. Stock is down 41% over the past year. The company is forecast to post earnings per share of UK£0.05 next year compared to a net loss per share of UK£0.20 last year.
Price Target Changed • Jul 08Price target decreased to UK£0.75Down from UK£0.82, the current price target is an average from 11 analysts. New target price is 64% above last closing price of UK£0.46. Stock is down 47% over the past year. The company is forecast to post earnings per share of UK£0.055 next year compared to a net loss per share of UK£0.20 last year.
Price Target Changed • May 30Price target decreased to UK£0.81Down from UK£0.87, the current price target is an average from 11 analysts. New target price is 32% above last closing price of UK£0.61. Stock is down 33% over the past year. The company is forecast to post earnings per share of UK£0.055 next year compared to a net loss per share of UK£0.20 last year.
Price Target Changed • May 24Price target decreased to UK£0.82Down from UK£0.90, the current price target is an average from 11 analysts. New target price is 41% above last closing price of UK£0.58. Stock is down 40% over the past year. The company is forecast to post earnings per share of UK£0.039 next year compared to a net loss per share of UK£0.20 last year.
Reported Earnings • May 20First half 2022 earnings: EPS and revenues exceed analyst expectationsFirst half 2022 results: EPS: UK£0.031 (up from UK£0.15 loss in 1H 2021). Revenue: UK£369.7m (up UK£314.6m from 1H 2021). Net income: UK£19.4m (up UK£111.9m from 1H 2021). Profit margin: 5.2% (up from net loss in 1H 2021). Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 11%, compared to a 29% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Price Target Changed • Jan 06Price target decreased to UK£0.91Down from UK£0.98, the current price target is an average from 10 analysts. New target price is 15% above last closing price of UK£0.79. The company is forecast to post earnings per share of UK£0.11 next year compared to a net loss per share of UK£0.20 last year.
Reported Earnings • Dec 01Full year 2021 earnings: Revenues miss analyst expectationsFull year 2021 results: Revenue: UK£401.7m (down 22% from FY 2020). Net loss: UK£128.3m (loss narrowed 63% from FY 2020). Revenue missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 95%, compared to a 46% growth forecast for the restaurants industry in the United Kingdom.
Executive Departure • Oct 06CEO & Executive Director Ralph Findlay has left the companyOn the 2nd of October, Ralph Findlay's tenure as CEO & Executive Director ended. As of June 2021, Ralph still personally held 1.29m shares (UK£1.1m worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 7.54 years.
Executive Departure • Aug 04Senior Independent Director Carolyn Bradley has left the companyOn the 31st of July, Carolyn Bradley's tenure as Senior Independent Director ended after 4.5 years in the role. As of March 2021, Carolyn still personally held only 25.00k shares (UK£25k worth at the time). Carolyn is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 7.38 years.
Price Target Changed • May 01Price target increased to UK£0.99Up from UK£0.93, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of UK£0.97.
Is New 90 Day High Low • Feb 02New 90-day high: UK£0.87The company is up 82% from its price of UK£0.48 on 03 November 2020. The British market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.25 per share.
Major Estimate Revision • Jan 27Analysts lower EPS estimates to -UK£0.077The 2021 consensus revenue estimate was lowered from UK£561.8m to UK£526.8m. The company is forecast to report a loss instead of a profit with analysts lowering their EPS forecasts from UK£0.036 to -UK£0.077 for the same period. The Hospitality industry in the United Kingdom is expected to see an average net income growth of 24% next year. The consensus price target increased from UK£0.69 to UK£0.76. Share price is down by 3.9% to UK£0.76 over the past week.
Price Target Changed • Jan 26Price target raised to UK£0.76Up from UK£0.69, the current price target is an average from 10 analysts. The new target price is close to the current share price of UK£0.76. As of last close, the stock is down 29% over the past year.
Major Estimate Revision • Jan 22Analysts update estimatesThe 2021 consensus revenue estimate was lowered from UK£561.8m to UK£532.6m. Earnings per share (EPS) increased from UK£0.049 to UK£0.059 for the same period. Net income is expected to grow by 95% next year compared to 24% growth forecast for the Hospitality industry in the United Kingdom. The consensus price target increased from UK£0.69 to UK£0.73. Share price stayed mostly flat at UK£0.79 over the past week.
Price Target Changed • Jan 21Price target raised to UK£0.73Up from UK£0.68, the current price target is an average from 10 analysts. The new target price is 10% below the current share price of UK£0.81. As of last close, the stock is down 31% over the past year.
Is New 90 Day High Low • Jan 08New 90-day high: UK£0.79The company is up 58% from its price of UK£0.50 on 09 October 2020. The British market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.14 per share.
Analyst Estimate Surprise Post Earnings • Dec 25Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 503%. Over the next year, revenue is forecast to grow 25%, compared to a 3.3% growth forecast for the Hospitality industry in the United Kingdom.
Is New 90 Day High Low • Dec 17New 90-day high: UK£0.74The company is up 60% from its price of UK£0.47 on 18 September 2020. The British market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.03 per share.
分析記事 • Dec 15Marston's (LON:MARS) Has No Shortage Of DebtLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Nov 27Is There An Opportunity With Marston's PLC's (LON:MARS) 40% Undervaluation?How far off is Marston's PLC (LON:MARS) from its intrinsic value? Using the most recent financial data, we'll take a...
Is New 90 Day High Low • Nov 09New 90-day high: UK£0.59The company is up 12% from its price of UK£0.53 on 11 August 2020. The British market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.10 per share.