company background image
MUL

Mulberry GroupAIM:MUL Stock Report

Last Price

UK£3.00

Market Cap

UK£176.6m

7D

-1.6%

1Y

28.2%

Updated

21 Jan, 2022

Data

Company Financials
MUL fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends0/6

MUL Stock Overview

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.

Mulberry Group Competitors

Burberry Group

LSE:BRBY

UK£7.7b

LVMH Moët Hennessy - Louis Vuitton Société Européenne

ENXTPA:MC

€351.2b

Hermès International Société en commandite par actions

ENXTPA:RMS

€142.7b

Kering

ENXTPA:KER

€82.8b

Price History & Performance

Summary of all time highs, changes and price drops for Mulberry Group
Historical stock prices
Current Share PriceUK£3.00
52 Week HighUK£4.20
52 Week LowUK£2.12
Beta1.59
1 Month Change-7.69%
3 Month Change1.70%
1 Year Change28.21%
3 Year Change-1.64%
5 Year Change-72.80%
Change since IPO62.16%

Recent News & Updates

Nov 24
Returns On Capital At Mulberry Group (LON:MUL) Have Stalled

Returns On Capital At Mulberry Group (LON:MUL) Have Stalled

To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...

Sep 02
Here's Why Shareholders Should Examine Mulberry Group plc's (LON:MUL) CEO Compensation Package More Closely

Here's Why Shareholders Should Examine Mulberry Group plc's (LON:MUL) CEO Compensation Package More Closely

Shareholders will probably not be too impressed with the underwhelming results at Mulberry Group plc ( LON:MUL...

Jul 28
We Like The Quality Of Mulberry Group's (LON:MUL) Earnings

We Like The Quality Of Mulberry Group's (LON:MUL) Earnings

Mulberry Group plc's ( LON:MUL ) healthy profit numbers didn't contain any surprises for investors. We think this is...

Shareholder Returns

MULGB LuxuryGB Market
7D-1.6%7.1%-1.3%
1Y28.2%9.1%7.8%

Return vs Industry: MUL exceeded the UK Luxury industry which returned 7.4% over the past year.

Return vs Market: MUL exceeded the UK Market which returned 8.7% over the past year.

Price Volatility

Is MUL's price volatile compared to industry and market?
MUL volatility
MUL Average Weekly Movement8.7%
Luxury Industry Average Movement5.7%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.5%

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.

About the Company

FoundedEmployeesCEOWebsite
1971998Thierry Andrettahttps://www.mulberry.com

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. It provides briefcases, messenger bags, and backpacks; wallets, and purses and pouches; sunglasses, scarves, gloves and hats, belts, cufflinks, keyrings, and shoes; jewelry, organisers, leather care, and care products; gifts; and luggage, holdalls, bag, and other travel accessories for men and women, as well as ready-to-wear and eyewear products. The company sells its products through its retail shops, concessions, and wholesale distribution channels under the Mulberry brand, as well as sells its products online.

Mulberry Group Fundamentals Summary

How do Mulberry Group's earnings and revenue compare to its market cap?
MUL fundamental statistics
Market CapUK£176.64m
Earnings (TTM)UK£14.05m
Revenue (TTM)UK£131.75m

12.6x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MUL income statement (TTM)
RevenueUK£131.75m
Cost of RevenueUK£42.19m
Gross ProfitUK£89.57m
ExpensesUK£75.51m
EarningsUK£14.05m

Last Reported Earnings

Sep 25, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.24
Gross Margin67.98%
Net Profit Margin10.67%
Debt/Equity Ratio18.8%

How did MUL perform over the long term?

See historical performance and comparison

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 (£3) is trading below our estimate of fair value (£8.19)

Significantly Below Fair Value: MUL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MUL is good value based on its PE Ratio (12.6x) compared to the UK Luxury industry average (38.5x).

PE vs Market: MUL is good value based on its PE Ratio (12.6x) compared to the UK market (19.1x).


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 (6x) compared to the GB Luxury industry average (4.2x).


Future Growth

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

10.4%

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.


Past Performance

How has Mulberry Group performed over the past 5 years?

-35.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MUL has a large one-off gain of £3.3M impacting its September 25 2021 financial results.

Growing Profit Margin: MUL became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MUL has become profitable over the past 5 years, growing earnings by -35.2% per year.

Accelerating Growth: MUL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MUL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Luxury industry (103.3%).


Return on Equity

High ROE: MUL's Return on Equity (54.1%) is considered outstanding.


Financial Health

How is Mulberry Group's financial position?


Financial Position Analysis

Short Term Liabilities: MUL's short term assets (£75.6M) exceed its short term liabilities (£44.4M).

Long Term Liabilities: MUL's short term assets (£75.6M) exceed its long term liabilities (£60.8M).


Debt to Equity History and Analysis

Debt Level: MUL has more cash than its total debt.

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 (470.5%).

Interest Coverage: MUL's interest payments on its debt are well covered by EBIT (4.7x coverage).


Balance Sheet


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?

6.8yrs

Average management tenure


CEO

Thierry Andretta (64 yo)

6.75yrs

Tenure

UK£1,266,000

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 ($USD1.72M) is above average for companies of similar size in the UK market ($USD573.76K).

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


Leadership Team

Experienced Management: MUL's management team is seasoned and experienced (6.8 years average tenure).


Board Members

Experienced Board: MUL's board of directors are considered experienced (9.1 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

Mulberry Group plc's 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
  • Implied Market Cap: UK£176.635m
  • Shares outstanding: 58.88m
  • Website: https://www.mulberry.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 21:15
End of Day Share Price2022/01/21 00:00
Earnings2021/09/25
Annual Earnings2021/03/27


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.