Mulberry Group
Market Cap
UK£136.7m
Last Updated
2021/03/08 19:45 UTC
Data Sources
Company Financials
Executive Summary
Mulberry Group plc, through its subsidiaries, develops, manufactures, and sells fashion accessories, clothing, and footwear in the United Kingdom, rest of Europe, Asia, North America, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Mediocre balance sheet and slightly overvalued.
Similar Companies
Share Price & News
How has Mulberry Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MUL is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: MUL's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of UK stocks.
Market Performance
7 Day Return
3.6%
MUL
-1.7%
GB Luxury
0.7%
GB Market
1 Year Return
15.0%
MUL
21.7%
GB Luxury
13.7%
GB Market
Return vs Industry: MUL exceeded the UK Luxury industry which returned 12.1% over the past year.
Return vs Market: MUL exceeded the UK Market which returned 4.6% over the past year.
Shareholder returns
| MUL | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.6% | -1.7% | 0.7% |
| 30 Day | 1.8% | 0.8% | 1.7% |
| 90 Day | -5.4% | 5.0% | 3.6% |
| 1 Year | 15.0%15.0% | 21.7%21.7% | 20.3%13.7% |
| 3 Year | -71.8%-72.7% | -34.2%-37.6% | 9.7%-3.5% |
| 5 Year | -75.4%-76.5% | -16.1%-24.0% | 40.2%13.2% |
Long-Term Price Volatility Vs. Market
How volatile is Mulberry Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
What Type Of Returns Would Mulberry Group's(LON:MUL) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?1 month ago | Simply Wall St
What We Learned About Mulberry Group's (LON:MUL) CEO Compensation2 months ago | Simply Wall St
Is Mulberry Group (LON:MUL) Using Too Much Debt?Valuation
Is Mulberry Group undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MUL (£2.3) is trading below our estimate of fair value (£7.98)
Significantly Below Fair Value: MUL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MUL is unprofitable, so we can't compare its PE Ratio to the XE Luxury industry average.
PE vs Market: MUL is unprofitable, so we can't compare its PE Ratio to the UK market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MUL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MUL is overvalued based on its PB Ratio (8.5x) compared to the GB Luxury industry average (4.1x).
Next Steps
Future Growth
How is Mulberry Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
25.6%
Forecasted Consumer Durables industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mulberry Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Take a look at our analysis of MUL’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Mulberry Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
Past Performance
How has Mulberry Group performed over the past 5 years?
-76.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MUL is currently unprofitable.
Growing Profit Margin: MUL is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MUL is unprofitable, and losses have increased over the past 5 years at a rate of 76% per year.
Accelerating Growth: Unable to compare MUL's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MUL is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-31%).
Return on Equity
High ROE: MUL has a negative Return on Equity (-327.99%), as it is currently unprofitable.
Next Steps
Financial Health
How is Mulberry Group's financial position?
Financial Position Analysis
Short Term Liabilities: MUL's short term assets (£54.1M) exceed its short term liabilities (£45.0M).
Long Term Liabilities: MUL's short term assets (£54.1M) do not cover its long term liabilities (£71.9M).
Debt to Equity History and Analysis
Debt Level: MUL's debt to equity ratio (40.4%) is considered high.
Reducing Debt: Insufficient data to determine if MUL's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable MUL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MUL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 32% per year.
Next Steps
Dividend
What is Mulberry Group current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MUL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MUL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MUL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MUL's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MUL is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MUL's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.9yrs
Average management tenure
CEO
Thierry Andretta (63 yo)
5.92yrs
Tenure
UK£1,080,000
Compensation
Mr. Thierry Patrick Andretta has been the Chief Executive Officer of Mulberry Group plc since April 7, 2015 and has been its Executive Director since February 25, 2016. Mr. Andretta serves as Vice Presiden...
CEO Compensation Analysis
Compensation vs Market: Thierry's total compensation ($USD1.49M) is above average for companies of similar size in the UK market ($USD570.00K).
Compensation vs Earnings: Thierry's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 5.92yrs | UK£1.08m | 0.0050% £ 6.9k | |
| Group Finance Director & Director | 1.42yrs | UK£321.80k | no data | |
| Company Secretary | 9.58yrs | no data | no data |
5.9yrs
Average Tenure
Experienced Management: MUL's management team is seasoned and experienced (5.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 5.92yrs | UK£1.08m | 0.0050% £ 6.9k | |
| Group Finance Director & Director | 1.42yrs | UK£321.80k | no data | |
| Non-Executive Director | 17.33yrs | UK£46.00k | 0.017% £ 23.0k | |
| Non-Executive Director | 18.75yrs | UK£51.00k | no data | |
| Non-Executive Chairman | 8.75yrs | UK£200.00k | 1.21% £ 1.7m | |
| Independent Non-Executive Director | 6.25yrs | UK£45.00k | no data | |
| Non-Executive Director | 10.5yrs | UK£46.00k | 0.017% £ 23.0k | |
| Independent Non-Executive Director | 7.83yrs | UK£46.00k | no data |
8.3yrs
Average Tenure
59yo
Average Age
Experienced Board: MUL's board of directors are considered experienced (8.3 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Mulberry Group plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Mulberry Group plc
- Ticker: MUL
- Exchange: AIM
- Founded: 1971
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: UK£136.747m
- Shares outstanding: 59.46m
- Website: https://www.mulberry.com
Number of Employees
Location
- Mulberry Group plc
- The Rookery
- Chilcompton
- Bath
- Avon
- BA3 4EH
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MUL | AIM (London Stock Exchange AIM Market) | Yes | Ordinary Shares | GB | GBP | May 1996 |
| MLBG.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | May 1996 |
Biography
Mulberry Group plc, through its subsidiaries, develops, manufactures, and sells fashion accessories, clothing, and footwear in the United Kingdom, rest of Europe, Asia, North America, and internationally. ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/08 19:45 |
| End of Day Share Price | 2021/03/08 00:00 |
| Earnings | 2020/09/26 |
| Annual Earnings | 2020/03/28 |
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.