Mitchells & Butlers
Market Cap
€2.1b
Last Updated
2019/10/19 20:49 UTC
Data Sources
Company Financials +
Executive Summary
Mitchells & Butlers plc manages pubs, bars, and restaurants in the United Kingdom and Germany.
Snowflake
Fundamentals
Fair value with acceptable track record.
Similar Companies
Share Price & News
How has Mitchells & Butlers's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
10.7%
MABB
3.7%
DE Hospitality
1.4%
DE Market
1 Year Return
71.2%
MABB
-16.3%
DE Hospitality
3.7%
DE Market
Return vs Industry: MABB exceeded the German Hospitality industry which returned -16.3% over the past year.
Return vs Market: MABB exceeded the German Market which returned 3.7% over the past year.
Shareholder returns
| MABB | Industry | Market | |
|---|---|---|---|
| 7 Day | 10.7% | 3.7% | 1.4% |
| 30 Day | 19.4% | 21.6% | 1.3% |
| 90 Day | 49.5% | 26.1% | 3.4% |
| 1 Year | 71.2%71.2% | -10.6%-16.3% | 7.0%3.7% |
| 3 Year | 67.6%59.1% | 16.0%0.5% | 18.5%8.3% |
| 5 Year | 19.0%10.3% | 35.7%8.7% | 42.2%22.9% |
Price Volatility Vs. Market
How volatile is Mitchells & Butlers's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Mitchells & Butlers undervalued compared to its fair value and its price relative to the market?
16.77x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: MABB (€4.96) is trading above our estimate of fair value (€2.75)
Significantly Undervalued: MABB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MABB is good value based on its PE Ratio (16.8x) compared to the Hospitality industry average (32.3x).
PE vs Market: MABB is good value based on its PE Ratio (16.8x) compared to the German market (19.3x).
Price to Earnings Growth Ratio
Low PEG Ratio: MABB is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: MABB is good value based on its PB Ratio (1x) compared to the DE Hospitality industry average (2.6x).
Next Steps
Future Growth
How is Mitchells & Butlers forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
8.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MABB's forecast earnings growth (8.9% per year) is above the savings rate (0.2%).
Earnings vs Market: MABB's earnings (8.9% per year) are forecast to grow slower than the German market (12.7% per year).
High Growth Earnings: MABB's earnings are forecast to grow, but not significantly.
Revenue vs Market: MABB's revenue (2.4% per year) is forecast to grow slower than the German market (5% per year).
High Growth Revenue: MABB's revenue (2.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: MABB's Return on Equity is forecast to be low in 3 years time (8.2%).
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Past Performance
How has Mitchells & Butlers performed over the past 5 years?
-5.7%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: MABB's earnings have declined by -5.7% per year over the past 5 years.
Accelerating Growth: MABB's earnings growth over the past year (80.3%) exceeds its 5-year average (-5.7% per year).
Earnings vs Industry: MABB earnings growth over the past year (80.3%) exceeded the Hospitality industry -28.4%.
Return on Equity
High ROE: MABB's Return on Equity (6%) is considered low.
Return on Assets
ROA vs Industry: MABB has a higher Return on Assets than the Hospitality industry average last year.
Return on Capital Employed
ROCE Improving: MABB's Return on Capital Employed has declined over the past 3 years.
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Financial Health
How is Mitchells & Butlers's financial position?
Financial Position Analysis
Short Term Liabilities: MABB's short term assets (£366.0M) do not cover its short term liabilities (£673.0M)
Long Term Liabilities: MABB's short term assets (366.0M) do not cover its long term liabilities (2.4B)
Debt to Equity History and Analysis
Debt Level: MABB's debt to equity ratio (119.2%) is considered high
Reducing Debt: MABB's debt to equity ratio has reduced from 194% to 119.2% over the past 5 years.
Debt Coverage: MABB's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: MABB's interest payments on its debt are not well covered by EBIT (2.6x coverage).
Balance Sheet
Inventory Level: MABB has a high level of physical assets or inventory.
Debt Coverage by Assets: MABB's debt is not covered by short term assets (assets are 0.2x debt).
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Dividend
What is Mitchells & Butlers's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate MABB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate MABB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stable Dividend: Insufficient data to determine if MABB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MABB's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MABB is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MABB's dividend in 3 years as they are not forecast to pay a notable one for the German market.
Next Steps
Management
What is the CEO of Mitchells & Butlers's salary, the management and board of directors tenure and is there insider trading?
6.8yrs
Average management tenure
CEO
Phil Urban (56yo)
4.1yrs
Tenure
UK£819,000
Compensation
Mr. Phil Urban has been the Chief Executive Officer of Mitchells & Butlers plc since September 27, 2015. Mr. Urban served as the Chief Operating Officer of Mitchells & Butlers plc from January 5, 2015 to S ...
CEO Compensation Analysis
Compensation vs. Market: Phil's total compensation ($USD1.05M) is about average for companies of similar size in the German market ($USD1.61M).
Compensation vs Earnings: Phil's compensation has been consistent with company performance over the past year.
Management Age and Tenure
6.8yrs
Average Tenure
56yo
Average Age
Experienced Management: MABB's management team is seasoned and experienced (6.8 years average tenure).
Board Age and Tenure
6.5yrs
Average Tenure
56yo
Average Age
Experienced Board: MABB's board of directors are considered experienced (6.5 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Tim Jones (56yo)
Finance Director & Director
- Tenure: 9yrs
- Compensation: UK£688.00k
Phil Urban (56yo)
CEO & Director
- Tenure: 4.1yrs
- Compensation: UK£819.00k
Greg McMahon (59yo)
General Counsel & Company Secretary
- Tenure: 6.7yrs
Susan Martindale (58yo)
Group HR Director
- Tenure: 6.9yrs
Chris Hopkins (53yo)
Commercial & Marketing Director
- Tenure: 0yrs
Amy De Marsac
Head of Investor Relations
- Tenure: 0yrs
Board Members
Susan Murray (61yo)
Senior Independent Director
- Tenure: 0.6yrs
Colin Rutherford (60yo)
Independent Non-Executive Director
- Tenure: 6.5yrs
- Compensation: UK£64.50k
Bob Ivell (67yo)
Non-Executive Chairman
- Tenure: 8.3yrs
- Compensation: UK£287.00k
Tim Jones (56yo)
Finance Director & Director
- Tenure: 9yrs
- Compensation: UK£688.00k
Imelda Walsh (55yo)
Independent Non-Executive Director
- Tenure: 6.5yrs
- Compensation: UK£62.00k
Phil Urban (56yo)
CEO & Director
- Tenure: 4.1yrs
- Compensation: UK£819.00k
Ron Robson (56yo)
Deputy Chairman of the Board
- Tenure: 8.3yrs
- Compensation: UK£52.00k
Eddie Irwin (60yo)
Non-Executive Director
- Tenure: 7.6yrs
- Compensation: UK£52.00k
Josh Levy (29yo)
Non-Executive Director
- Tenure: 3.9yrs
- Compensation: UK£52.00k
Dave Coplin (49yo)
Independent Non-Executive Director
- Tenure: 3.7yrs
- Compensation: UK£53.00k
Company Information
Mitchells & Butlers plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Mitchells & Butlers plc
- Ticker: MABB
- Exchange: DB
- Founded: 1898
- Industry: Restaurants
- Sector: Consumer Services
- Market Cap: UK£1.844b
- Listing Market Cap: UK£2.131b
- Shares outstanding: 426.95m
- Website: https://www.mbplc.com
Number of Employees
Location
- Mitchells & Butlers plc
- 27 Fleet Street
- Birmingham
- West Midlands
- B3 1JP
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MBPF.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Mar 2003 |
| MAB | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Mar 2003 |
| MABB | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Mar 2003 |
| MABL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Mar 2003 |
Biography
Mitchells & Butlers plc manages pubs, bars, and restaurants in the United Kingdom and Germany. It operates its pubs and restaurants under the Harvester, Toby Carvery, All Bar One, Miller & Carter, Premium ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 20:49 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/04/13 |
| Annual Earnings | 2018/09/29 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.