Marks and Spencer Group plc

LSE:MKS Stock Report

Market Cap: UK£7.9b

Marks and Spencer Group Future Growth

Future criteria checks 3/6

Marks and Spencer Group is forecast to grow earnings and revenue by 16.2% and 5.3% per annum respectively. EPS is expected to grow by 15.9% per annum. Return on equity is forecast to be 17.7% in 3 years.

Key information

16.2%

Earnings growth rate

15.91%

EPS growth rate

Consumer Retailing earnings growth10.5%
Revenue growth rate5.3%
Future return on equity17.66%
Analyst coverage

Good

Last updated26 Jun 2026

Recent future growth updates

Recent updates

Narrative Update Jun 25

MKS: Ecosystem War Positioning And Execution Will Drive Future Upside

The analyst price target for Marks and Spencer Group has been adjusted to align with a blended view of recent Street research, which includes a reduced target of £3.90 and new initiations around £4.39 to £4.40. Analysts are balancing a slightly higher implied future P/E with modest tweaks to discount rate, revenue growth and profit margin assumptions.
Narrative Update Jun 09

MKS: Ecosystem Positioning And Execution Will Support Future Upside Potential

Analysts have nudged the fair value estimate for Marks and Spencer Group slightly higher to £4.27, while recent Street price targets have eased. This includes a £20 cut at Citi to £3.90, partly offset by new Overweight and Outperform initiations around £4.39 to £4.40 that highlight differing views on the stock's recovery potential.
Analysis Article May 28

Marks and Spencer Group's (LON:MKS) Soft Earnings Are Actually Better Than They Appear

Marks and Spencer Group plc's ( LON:MKS ) stock was strong despite it releasing a soft earnings report last week. We...
Narrative Update Mar 18

MKS: Refined Cash Flow Assumptions Will Support Future Upside From Tight Range

Analysts have nudged their fair value assumptions only slightly while trimming the average price target on Marks and Spencer Group to around £4.35 to £4.15, reflecting small tweaks to discount rate, revenue growth and profit margin assumptions in recent Citi and Berenberg research. Analyst Commentary Bullish Takeaways Bullish analysts highlight that recent price targets in the £4.15 to £4.35 range still sit meaningfully above current fair value assumptions, which they see as compatible with an appealing risk reward profile.
Narrative Update Mar 04

MKS: Refined P/E Assumptions Will Shape Upside From Tight Price Range

Analysts have slightly lifted their fair value estimate and P/E assumptions for Marks and Spencer Group, resulting in a modest upward shift in their narrative price target. Recent Street research has nudged individual targets to £4.35 and £4.15, with the moves framed around valuation support at current levels.
Narrative Update Feb 18

MKS: Refined Fair Value And Tight Price Range Will Shape Return Potential

Narrative Update The updated analyst price target for Marks and Spencer Group shifts to £4.25 from £4.12, with analysts pointing to refined fair value assumptions, a slightly higher discount rate, modestly adjusted revenue growth and margin inputs, and Street price targets clustered around £4.15 to £4.35 as key drivers of the change. Analyst Commentary Recent Street research on Marks and Spencer Group points to a relatively tight range of price targets around £4.15 to £4.35, with some modest adjustments to existing views rather than wholesale changes in sentiment.
Analysis Article Jan 14

Marks and Spencer Group (LON:MKS) Has A Somewhat Strained Balance Sheet

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Narrative Update Jan 12

MKS: Execution Risks Will Set Up A More Compelling Entry Point

Narrative Update Overview The analyst price target for Marks and Spencer Group has been adjusted slightly higher to £4.15, from £4.12, as analysts factor in updated assumptions on revenue growth, margins and P/E multiples, alongside recent research that highlights valuation support and renewed focus on execution risks. Analyst Commentary Recent research on Marks and Spencer Group highlights a mix of optimism on valuation and caution around execution, particularly following the recent cyber disruption.
Narrative Update Nov 29

MKS: Revenue Momentum and Entry Point Will Support Future Upside

Marks and Spencer Group's analyst price targets have increased modestly, with recent adjustments reflecting both optimism about the company's improved revenue growth outlook and concerns over rising execution risks. As a result, most targets now range between 400 GBp and 440 GBp. Analyst Commentary Recent research updates on Marks and Spencer Group have highlighted a mix of optimism and caution among market participants.
Narrative Update Nov 15

MKS: Improved Business Momentum Will Drive Long-Term Share Performance

Marks and Spencer Group's analyst price target has been modestly raised from £4.06 to £4.12 per share, as analysts cite the company's improved fair value outlook despite softer revenue growth forecasts and higher execution risks. Analyst Commentary Analysts have recently updated their views on Marks and Spencer Group, highlighting both strengths and potential headwinds for the retailer as it navigates a dynamic market environment.
Analysis Article Nov 12

Market Participants Recognise Marks and Spencer Group plc's (LON:MKS) Revenues

There wouldn't be many who think Marks and Spencer Group plc's ( LON:MKS ) price-to-sales (or "P/S") ratio of 0.5x is...
Narrative Update Oct 31

MKS: Execution Risks And Cyber Disruption Will Shape Market Momentum Ahead

Analysts have slightly reduced their average price target for Marks and Spencer Group, lowering it by £0.03 to £4.16. They weigh recent execution risks and shifting momentum following both upgrades and downgrades from major firms.
Analysis Article Oct 09

Is Now The Time To Look At Buying Marks and Spencer Group plc (LON:MKS)?

Marks and Spencer Group plc ( LON:MKS ) saw a double-digit share price rise of over 10% in the past couple of months on...
Analysis Article Sep 24

Here's Why Marks and Spencer Group (LON:MKS) Can Manage Its Debt Responsibly

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Aug 14

Marks and Spencer Group plc (LON:MKS) Not Lagging Market On Growth Or Pricing

LSE:MKS 1 Year Share Price vs Fair Value Explore Marks and Spencer Group's Fair Values from the Community and select...
Analysis Article Jul 31

Marks and Spencer Group (LON:MKS) Is Looking To Continue Growing Its Returns On Capital

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
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New Narrative Nov 25

Digital Transformations And Decisive Expansions Set The Stage For Revenue Growth

Strategic store expansion and digital investment could boost revenue through improved retail presence and increased online sales.

Earnings and Revenue Growth Forecasts

LSE:MKS - Analysts future estimates and past financials data (GBP Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/202920,7717487071,57512
3/31/202819,7847136741,40713
3/31/202718,7136435771,33314
3/28/202617,2742595491,176N/A
12/28/202516,2761405791,129N/A
9/27/202515,278206091,083N/A
6/27/202514,5471587081,198N/A
3/29/202513,8172968061,313N/A
12/29/202413,6024017831,264N/A
9/28/202413,3875057611,215N/A
6/28/202413,2144688171,259N/A
3/30/202413,0404318721,302N/A
12/30/202312,7844188341,257N/A
9/30/202312,5274057951,212N/A
6/30/202312,2293847071,121N/A
4/1/202311,9313636201,030N/A
1/1/202311,6253386661,028N/A
10/1/202211,3183127131,026N/A
7/1/202211,1023109171,202N/A
4/2/202210,8853071,1211,378N/A
1/2/202210,5281681,0411,270N/A
10/2/202110,170309621,161N/A
7/2/20219,663-848131,016N/A
4/3/20219,156-198664871N/A
1/3/20219,284-180649908N/A
9/26/20209,412-162633946N/A
6/26/20209,797-69629950N/A
3/28/202010,18224625954N/A
12/28/201910,22762N/A992N/A
9/28/201910,271101N/A1,029N/A
6/28/201910,32471N/A1,137N/A
3/30/201910,37742N/A1,245N/A
12/30/201810,4582N/A1,094N/A
9/29/201810,5400N/A1,102N/A
6/29/201810,61913N/A976N/A
3/31/201810,69826N/A850N/A
12/31/201710,726105N/A919N/A
9/30/201710,754185N/A988N/A
6/30/201710,688151N/A1,028N/A
4/1/201710,622117N/A1,068N/A
1/1/201710,610184N/A1,073N/A
10/1/201610,598251N/A1,078N/A
7/1/201610,577329N/A1,145N/A
4/2/201610,555407N/A1,212N/A
1/2/201610,457419N/A1,291N/A
9/26/201510,359431N/A1,370N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MKS's forecast earnings growth (16.2% per year) is above the savings rate (3.4%).

Earnings vs Market: MKS's earnings (16.2% per year) are forecast to grow faster than the UK market (11.5% per year).

High Growth Earnings: MKS's earnings are forecast to grow, but not significantly.

Revenue vs Market: MKS's revenue (5.3% per year) is forecast to grow faster than the UK market (4.7% per year).

High Growth Revenue: MKS's revenue (5.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MKS's Return on Equity is forecast to be low in 3 years time (17.7%).


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/07 20:33
End of Day Share Price 2026/07/07 00:00
Earnings2026/03/28
Annual Earnings2026/03/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Marks and Spencer Group plc is covered by 33 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Karen HowlandBarclays
Matthew ClementsBarclays
James AnsteadBarclays