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MACF

Macfarlane GroupLSE:MACF Stock Report

Market Cap

UK£211.5m

7D

0.4%

1Y

59.0%

Updated

29 Nov, 2021

Data

Company Financials +
MACF fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance4/6
Financial Health5/6
Dividends4/6

MACF Stock Overview

Macfarlane Group PLC, through its subsidiaries, designs, manufactures, and distributes protective packaging products and labels to businesses.

Price History & Performance

Summary of all time highs, changes and price drops for Macfarlane Group
Historical stock prices
Current Share PriceUK£1.35
52 Week HighUK£1.46
52 Week LowUK£0.82
Beta0.84
1 Month Change2.48%
3 Month Change-3.58%
1 Year Change58.98%
3 Year Change70.79%
5 Year Change130.90%
Change since IPO69.06%

Recent News & Updates

Sep 13
Macfarlane Group (LON:MACF) Will Pay A Larger Dividend Than Last Year At UK£0.0087

Macfarlane Group (LON:MACF) Will Pay A Larger Dividend Than Last Year At UK£0.0087

Macfarlane Group PLC ( LON:MACF ) will increase its dividend on the 14th of October to UK£0.0087, which is 24% higher...

Aug 29
Macfarlane Group's (LON:MACF) Upcoming Dividend Will Be Larger Than Last Year's

Macfarlane Group's (LON:MACF) Upcoming Dividend Will Be Larger Than Last Year's

Macfarlane Group PLC's ( LON:MACF ) dividend will be increasing on the 14th of October to UK£0.0087, with investors...

Shareholder Returns

MACFGB Trade DistributorsGB Market
7D0.4%-3.3%-1.9%
1Y59.0%48.0%13.8%

Return vs Industry: MACF exceeded the UK Trade Distributors industry which returned 48.4% over the past year.

Return vs Market: MACF exceeded the UK Market which returned 11.6% over the past year.

Price Volatility

Is MACF's price volatile compared to industry and market?
MACF volatility
MACF Average Weekly Movement3.5%
Trade Distributors Industry Average Movement4.0%
Market Average Movement4.9%
10% most volatile stocks in GB Market9.7%
10% least volatile stocks in GB Market2.6%

Stable Share Price: MACF is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: MACF's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18991,000Peter Atkinsonhttps://www.macfarlanegroup.com

Macfarlane Group PLC, through its subsidiaries, designs, manufactures, and distributes protective packaging products and labels to businesses. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials; and supplies storage and warehousing services in the United Kingdom.

Macfarlane Group Fundamentals Summary

How do Macfarlane Group's earnings and revenue compare to its market cap?
MACF fundamental statistics
Market CapUK£211.47m
Earnings (TTM)UK£13.39m
Revenue (TTM)UK£258.03m

15.9x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MACF income statement (TTM)
RevenueUK£258.03m
Cost of RevenueUK£170.90m
Gross ProfitUK£87.13m
ExpensesUK£73.74m
EarningsUK£13.39m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.085
Gross Margin33.77%
Net Profit Margin5.19%
Debt/Equity Ratio18.2%

How did MACF perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

32%

Payout Ratio

Valuation

Is Macfarlane Group undervalued compared to its fair value and its price relative to the market?

15.86x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MACF (£1.35) is trading above our estimate of fair value (£0.61)

Significantly Below Fair Value: MACF is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MACF is good value based on its PE Ratio (15.9x) compared to the UK Trade Distributors industry average (23.9x).

PE vs Market: MACF is good value based on its PE Ratio (15.9x) compared to the UK market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MACF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MACF is overvalued based on its PB Ratio (2.4x) compared to the GB Trade Distributors industry average (2x).


Future Growth

How is Macfarlane Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

6.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if MACF's forecast earnings growth is above the savings rate (0.9%).

Earnings vs Market: Insufficient data to determine if MACF's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MACF's revenue (6.3% per year) is forecast to grow faster than the UK market (4.9% per year).

High Growth Revenue: MACF's revenue (6.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MACF's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Macfarlane Group performed over the past 5 years?

14.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MACF has high quality earnings.

Growing Profit Margin: MACF's current net profit margins (5.2%) are higher than last year (4.2%).


Past Earnings Growth Analysis

Earnings Trend: MACF's earnings have grown by 14.3% per year over the past 5 years.

Accelerating Growth: MACF's earnings growth over the past year (44.2%) exceeds its 5-year average (14.3% per year).

Earnings vs Industry: MACF earnings growth over the past year (44.2%) underperformed the Trade Distributors industry 44.2%.


Return on Equity

High ROE: MACF's Return on Equity (15.4%) is considered low.


Financial Health

How is Macfarlane Group's financial position?


Financial Position Analysis

Short Term Liabilities: MACF's short term assets (£85.6M) do not cover its short term liabilities (£85.9M).

Long Term Liabilities: MACF's short term assets (£85.6M) exceed its long term liabilities (£37.6M).


Debt to Equity History and Analysis

Debt Level: MACF's net debt to equity ratio (10%) is considered satisfactory.

Reducing Debt: MACF's debt to equity ratio has reduced from 52.1% to 18.2% over the past 5 years.

Debt Coverage: MACF's debt is well covered by operating cash flow (113.7%).

Interest Coverage: MACF's interest payments on its debt are well covered by EBIT (13.6x coverage).


Balance Sheet


Dividend

What is Macfarlane Group current dividend yield, its reliability and sustainability?

2.02%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MACF's dividend (2.02%) is higher than the bottom 25% of dividend payers in the UK market (1.38%).

High Dividend: MACF's dividend (2.02%) is low compared to the top 25% of dividend payers in the UK market (4.15%).


Stability and Growth of Payments

Stable Dividend: MACF's dividend payments have been volatile in the past 10 years.

Growing Dividend: MACF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.1%), MACF's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MACF's dividends in 3 years are forecast to be well covered by earnings (29.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Peter Atkinson (64 yo)

18.08yrs

Tenure

UK£484,000

Compensation

Mr. Peter Duncan Atkinson has been the Chief Executive Officer of Macfarlane Group PLC since October 6, 2003. Mr. Atkinson has also significant general management experience gained during his time at GKN P...


CEO Compensation Analysis

Compensation vs Market: Peter's total compensation ($USD643.87K) is about average for companies of similar size in the UK market ($USD561.91K).

Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: MACF's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: MACF's board of directors are considered experienced (3.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Macfarlane Group PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Macfarlane Group PLC
  • Ticker: MACF
  • Exchange: LSE
  • Founded: 1899
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: UK£211.468m
  • Shares outstanding: 157.81m
  • Website: https://www.macfarlanegroup.com

Number of Employees


Location

  • Macfarlane Group PLC
  • 3 Park Gardens
  • First Floor
  • Glasgow
  • Lanarkshire
  • G3 7YE
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/29 22:54
End of Day Share Price2021/11/29 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.