AIM:MUL

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Executive Summary

Mulberry Group plc, through its subsidiaries, designs, develops, manufactures, markets, and sells fashion accessories, clothing, and footwear in the United Kingdom, rest of Europe, Asia, North America, and internationally.


Snowflake Analysis

Fair value with mediocre balance sheet.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-8.6%

MUL

-3.5%

GB Luxury

-0.7%

GB Market


1 Year Return

-35.2%

MUL

-40.2%

GB Luxury

-15.7%

GB Market

Return vs Industry: MUL underperformed the UK Luxury industry which returned -33.3% over the past year.

Return vs Market: MUL underperformed the UK Market which returned -14.9% over the past year.


Shareholder returns

MULIndustryMarket
7 Day-8.6%-3.5%-0.7%
30 Day-17.8%-4.2%0.6%
90 Day-12.3%10.2%11.3%
1 Year-34.0%-35.2%-39.8%-40.2%-11.7%-15.7%
3 Year-82.5%-83.1%-40.3%-43.6%-4.3%-16.1%
5 Year-79.7%-80.7%-37.7%-44.0%13.5%-11.9%

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

Valuation

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

32.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MUL (£1.75) is trading below our estimate of fair value (£2.59)

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 good value based on its PB Ratio (1.4x) compared to the GB Luxury industry average (1.7x).


Next Steps

Future Growth

How is Mulberry Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.5%

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

Past Performance

How has Mulberry Group performed over the past 5 years?

-14.8%

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 -14.8% 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 (-16.8%).


Return on Equity

High ROE: MUL has a negative Return on Equity (-13.04%), 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 (£64.6M) exceed its short term liabilities (£46.6M).

Long Term Liabilities: MUL's short term assets (£64.6M) do not cover its long term liabilities (£94.2M).


Debt to Equity History and Analysis

Debt Level: MUL's debt to equity ratio (13.4%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if MUL's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: MUL's debt is well covered by operating cash flow (171.5%).

Interest Coverage: Insufficient data to determine if MUL's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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

2.86%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MUL's dividend (2.86%) is higher than the bottom 25% of dividend payers in the UK market (1.94%).

High Dividend: MUL's dividend (2.86%) is low compared to the top 25% of dividend payers in the UK market (5.47%).


Stability and Growth of Payments

Stable Dividend: MUL's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: MUL is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

5.3yrs

Average management tenure


CEO

Thierry Andretta (63yo)

5.25yrs

Tenure

UK£983,000

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 ($USD1.24M) is above average for companies of similar size in the UK market ($USD347.16K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Thierry Andretta
CEO & Executive Director5.25yrsUK£983.00k1.09% £1.1m
Charles Anderson
Group Finance Director & Director0.75yrno datano data
Kate Wilkinson
Company Secretary8.92yrsno datano data

5.3yrs

Average Tenure

Experienced Management: MUL's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thierry Andretta
CEO & Executive Director5.25yrsUK£983.00k1.09% £1.1m
Charles Anderson
Group Finance Director & Director0.75yrno datano data
Steven Grapstein
Non-Executive Director16.67yrsUK£45.00k0.017% £17.5k
Andrew Roberts
Non-Executive Director18.08yrsUK£50.00kno data
Godfrey Davis
Non-Executive Chairman8.08yrsUK£200.00k1.21% £1.3m
Julie Gilhart
Independent Non-Executive Director5.58yrsUK£45.00kno data
Melissa Ong
Non-Executive Director9.83yrsUK£45.00k0.017% £17.5k
Christophe Cornu
Independent Non-Executive Director7.17yrsUK£46.00kno data

7.6yrs

Average Tenure

59yo

Average Age

Experienced Board: MUL's board of directors are considered experienced (7.6 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£104.046m
  • Shares outstanding: 59.46m
  • Website: https://www.mulberry.com

Number of Employees


Location

  • Mulberry Group plc
  • The Rookery
  • Chilcompton
  • Bath
  • Somerset
  • BA3 4EH
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MULAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPMay 1996

Biography

Mulberry Group plc, through its subsidiaries, designs, develops, manufactures, markets, and sells fashion accessories, clothing, and footwear in the United Kingdom, rest of Europe, Asia, North America, and internationally. It operates in two divisions, Retail and Design. The company offers shoulder, satchel, tote, clutch, backpack, mini and micro, and classic bags; and dresses, tops and knitwear; and jackets and coats for women. It also provides briefcases, messenger bags, backpack, and classic bags; wallets, and purses and pouches; scarves and hats, belts, cufflinks, keyrings, shoes; jewellery, organisers, and care products; gifts; and luggage, holdalls, and other travel accessories for men and women. The company sells its products through its retail shops, concessions, and wholesale distribution channels under the Mulberry brand. It also sells its products online. Mulberry Group plc was founded in 1971 and is based in Bath, the United Kingdom. Mulberry Group plc is a subsidiary of Challice Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/14 20:56
End of Day Share Price2020/07/14 00:00
Earnings2019/09/28
Annual Earnings2019/03/30


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.