Wm Morrison Supermarkets PLC operates retail supermarket stores under the Morrisons brand name in the United Kingdom. More Details
Fair value with moderate growth potential.
Share Price & News
How has Wm Morrison Supermarkets's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MRW is more volatile than 90% of UK stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: MRW's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of UK stocks.
7 Day Return
GB Consumer Retailing
1 Year Return
GB Consumer Retailing
Return vs Industry: MRW exceeded the UK Consumer Retailing industry which returned 0.9% over the past year.
Return vs Market: MRW exceeded the UK Market which returned 22.4% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Wm Morrison Supermarkets's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StWhat Is The Ownership Structure Like For Wm Morrison Supermarkets PLC (LON:MRW)?
1 month ago | Simply Wall StSlowing Rates Of Return At Wm Morrison Supermarkets (LON:MRW) Leave Little Room For Excitement
Is Wm Morrison Supermarkets undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MRW (£2.68) is trading below our estimate of fair value (£4.18)
Significantly Below Fair Value: MRW is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MRW is poor value based on its PE Ratio (66.8x) compared to the UK Consumer Retailing industry average (22.4x).
PE vs Market: MRW is poor value based on its PE Ratio (66.8x) compared to the UK market (23.6x).
Price to Earnings Growth Ratio
PEG Ratio: MRW is poor value based on its PEG Ratio (3.3x)
Price to Book Ratio
PB vs Industry: MRW is good value based on its PB Ratio (1.5x) compared to the GB Consumer Retailing industry average (1.8x).
How is Wm Morrison Supermarkets forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MRW's forecast earnings growth (20.2% per year) is above the savings rate (0.9%).
Earnings vs Market: MRW's earnings (20.2% per year) are forecast to grow faster than the UK market (14.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MRW's revenue (1.5% per year) is forecast to grow slower than the UK market (4.7% per year).
High Growth Revenue: MRW's revenue (1.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MRW's Return on Equity is forecast to be low in 3 years time (8.3%).
How has Wm Morrison Supermarkets performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MRW has high quality earnings.
Growing Profit Margin: MRW's current net profit margins (0.5%) are lower than last year (2%).
Past Earnings Growth Analysis
Earnings Trend: MRW's earnings have declined by 2.9% per year over the past 5 years.
Accelerating Growth: MRW's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MRW had negative earnings growth (-72.4%) over the past year, making it difficult to compare to the Consumer Retailing industry average (12%).
Return on Equity
High ROE: MRW's Return on Equity (2.3%) is considered low.
How is Wm Morrison Supermarkets's financial position?
Financial Position Analysis
Short Term Liabilities: MRW's short term assets (£1.4B) do not cover its short term liabilities (£3.0B).
Long Term Liabilities: MRW's short term assets (£1.4B) do not cover its long term liabilities (£3.8B).
Debt to Equity History and Analysis
Debt Level: MRW's debt to equity ratio (48.9%) is considered high.
Reducing Debt: MRW's debt to equity ratio has reduced from 60.6% to 48.9% over the past 5 years.
Debt Coverage: MRW's debt is not well covered by operating cash flow (4.3%).
Interest Coverage: MRW's interest payments on its debt are not well covered by EBIT (2.9x coverage).
What is Wm Morrison Supermarkets's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MRW's dividend (2.67%) is higher than the bottom 25% of dividend payers in the UK market (1.31%).
High Dividend: MRW's dividend (2.67%) is low compared to the top 25% of dividend payers in the UK market (4%).
Stability and Growth of Payments
Stable Dividend: MRW's dividend payments have been volatile in the past 10 years.
Growing Dividend: MRW's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (178.6%), MRW's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MRW's dividends in 3 years are forecast to be covered by earnings (50.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Potts (64 yo)
Mr. David T. Potts, CBE, has been the Chief Executive Officer and Executive Director of Wm Morrison Supermarkets plc since joining in March 16, 2015. Mr. Potts served as the Chief Executive of the Asian Bu...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD5.81M) is above average for companies of similar size in the UK market ($USD2.23M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Experienced Management: MRW's management team is considered experienced (4.3 years average tenure).
Experienced Board: MRW's board of directors are considered experienced (3.3 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Wm Morrison Supermarkets PLC's company bio, employee growth, exchange listings and data sources
- Name: Wm Morrison Supermarkets PLC
- Ticker: MRW
- Exchange: LSE
- Founded: 1899
- Industry: Food Retail
- Sector: Consumer Retailing
- Market Cap: UK£6.455b
- Shares outstanding: 2.41b
- Website: https://www.morrisons.com
Number of Employees
- Wm Morrison Supermarkets PLC
- Hilmore House
- Gain Lane
- West Yorkshire
- BD3 7DL
- United Kingdom
Wm Morrison Supermarkets PLC operates retail supermarket stores under the Morrisons brand name in the United Kingdom. It engages in the in-store and online grocery retailing activities. The company also su...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/31 17:33|
|End of Day Share Price||2021/07/30 00:00|
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.