LSE:MAB

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Executive Summary

Mitchells & Butlers plc manages pubs, bars, and restaurants in the United Kingdom and Germany. More Details


Snowflake Analysis

Reasonable growth potential and fair value.


Similar Companies

Share Price & News

How has Mitchells & Butlers's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MAB is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: MAB's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of UK stocks.


Market Performance


7 Day Return

-2.1%

MAB

-2.6%

GB Hospitality

-1.7%

GB Market


1 Year Return

-42.1%

MAB

-18.6%

GB Hospitality

-8.6%

GB Market

Return vs Industry: MAB underperformed the UK Hospitality industry which returned -18.1% over the past year.

Return vs Market: MAB underperformed the UK Market which returned -7.7% over the past year.


Shareholder returns

MABIndustryMarket
7 Day-2.1%-2.6%-1.7%
30 Day-2.5%4.1%3.4%
90 Day80.3%26.8%14.5%
1 Year-42.1%-42.1%-17.0%-18.6%-4.9%-8.6%
3 Year-10.3%-10.3%-2.5%-10.5%3.7%-9.0%
5 Year-11.7%-16.8%29.4%8.7%47.1%13.7%

Long-Term Price Volatility Vs. Market

How volatile is Mitchells & Butlers's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Mitchells & Butlers undervalued compared to its fair value and its price relative to the market?

42.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MAB (£2.38) is trading below our estimate of fair value (£4.13)

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


Price To Earnings Ratio

PE vs Industry: MAB is unprofitable, so we can't compare its PE Ratio to the GB Hospitality industry average.

PE vs Market: MAB 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 MAB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MAB is good value based on its PB Ratio (0.6x) compared to the GB Hospitality industry average (1.7x).


Next Steps

Future Growth

How is Mitchells & Butlers forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

77.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAB is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1%).

Earnings vs Market: MAB is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MAB's is expected to become profitable in the next 3 years.

Revenue vs Market: MAB's revenue (14.4% per year) is forecast to grow faster than the UK market (6.5% per year).

High Growth Revenue: MAB's revenue (14.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MAB's Return on Equity is forecast to be low in 3 years time (8.4%).


Next Steps

Past Performance

How has Mitchells & Butlers performed over the past 5 years?

-25.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAB is currently unprofitable.

Growing Profit Margin: MAB is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MAB is unprofitable, and losses have increased over the past 5 years at a rate of 25.1% per year.

Accelerating Growth: Unable to compare MAB's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MAB is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-41.3%).


Return on Equity

High ROE: MAB has a negative Return on Equity (-6.68%), as it is currently unprofitable.


Next Steps

Financial Health

How is Mitchells & Butlers's financial position?


Financial Position Analysis

Short Term Liabilities: MAB's short term assets (£239.0M) do not cover its short term liabilities (£701.0M).

Long Term Liabilities: MAB's short term assets (£239.0M) do not cover its long term liabilities (£2.7B).


Debt to Equity History and Analysis

Debt Level: MAB's debt to equity ratio (123.9%) is considered high.

Reducing Debt: MAB's debt to equity ratio has reduced from 194.4% to 123.9% over the past 5 years.

Debt Coverage: MAB's debt is not well covered by operating cash flow (6.1%).

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


Balance Sheet


Next Steps

Dividend

What is Mitchells & Butlers's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MAB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MAB'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 MAB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MAB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MAB is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MAB'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?

8.0yrs

Average management tenure


CEO

Phil Urban (57 yo)

5.33yrs

Tenure

UK£553,000

Compensation

Mr. Phil Urban has been the Chief Executive Officer of Mitchells & Butlers plc since September 27, 2015. Mr. Urban served as the Chief Operating Officer of Mitchells & Butlers plc from January 5, 2015 to S...


CEO Compensation Analysis

Compensation vs Market: Phil's total compensation ($USD751.69K) is below average for companies of similar size in the UK market ($USD1.78M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Philip Urban
CEO & Director5.33yrsUK£553.00k0.057%
£ 574.5k
Timothy Jones
CFO & Director10.25yrsUK£465.00k0.042%
£ 425.4k
Amy De Marsac
Head of Investor Relationsno datano datano data
Gregory McMahon
General Counsel & Company Secretary7.92yrsno data0.0064%
£ 65.1k
Chris Hopkins
Commercial & Marketing Directorno datano datano data
Susan Martindale
Group HR Director8.17yrsno data0.0076%
£ 77.6k
David Gallacher
Divisional Directorno datano datano data

8.0yrs

Average Tenure

57yo

Average Age

Experienced Management: MAB's management team is seasoned and experienced (8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Philip Urban
CEO & Director5.33yrsUK£553.00k0.057%
£ 574.5k
Timothy Jones
CFO & Director10.25yrsUK£465.00k0.042%
£ 425.4k
Susan Murray
Senior Independent Director1.83yrsUK£58.50kno data
Colin Rutherford
Independent Non-Executive Director7.75yrsUK£58.50kno data
Robert Ivell
Non-Executive Chairman9.5yrsUK£250.50k0.0028%
£ 28.5k
Imelda Walsh
Independent Non-Executive Director7.75yrsUK£58.00k0.0018%
£ 17.9k
Ronald Robson
Deputy Chairman of the Board9.5yrsUK£46.00kno data
Edward Irwin
Non-Executive Director8.83yrsUK£46.00k0.0074%
£ 75.2k
Josh Levy
Non-Executive Director5.17yrsUK£46.50kno data
David Coplin
Independent Non-Executive Director4.92yrsUK£59.00k0.00048%
£ 4.9k
Keith Browne
Non-Executive Director4.33yrsUK£46.00kno data
Jane Moriarty
Independent Non-Executive Director1.92yrsUK£47.00kno data

6.5yrs

Average Tenure

57yo

Average Age

Experienced Board: MAB's board of directors are considered experienced (6.5 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

Mitchells & Butlers plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mitchells & Butlers plc
  • Ticker: MAB
  • Exchange: LSE
  • Founded: 1898
  • Industry: Restaurants
  • Sector: Consumer Services
  • Market Cap: UK£1.016b
  • Shares outstanding: 426.71m
  • Website: https://www.mbplc.com

Number of Employees


Location

  • Mitchells & Butlers plc
  • 27 Fleet Street
  • Birmingham
  • West Midlands
  • B3 1JP
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MBPF.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMar 2003
MABLSE (London Stock Exchange)YesOrdinary SharesGBGBPMar 2003
MABBDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2003
MABLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPMar 2003

Biography

Mitchells & Butlers plc manages pubs, bars, and restaurants in the United Kingdom and Germany. The company operates its pubs and restaurants under the Alex, All Bar One, Browns, Castle, Ember Inns, Harvest...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 01:30
End of Day Share Price2021/01/15 00:00
Earnings2020/09/26
Annual Earnings2020/09/26


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.