Marston's PLC operates managed, franchised, tenanted, and leased pubs, bars, restaurants, and accommodations in the United Kingdom and internationally.
No risks detected for MARS from our risk checks.
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£0.78|
|52 Week High||UK£0.37|
|52 Week Low||UK£1.06|
|1 Month Change||-6.33%|
|3 Month Change||-16.33%|
|1 Year Change||88.38%|
|3 Year Change||-21.65%|
|5 Year Change||-45.59%|
|Change since IPO||-52.40%|
Recent News & Updates
|MARS||GB Hospitality||GB Market|
Return vs Industry: MARS exceeded the UK Hospitality industry which returned 51.2% over the past year.
Return vs Market: MARS exceeded the UK Market which returned 22% over the past year.
Stable Share Price: MARS is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: MARS's weekly volatility (4%) has been stable over the past year.
About the Company
Marston's PLC operates managed, franchised, tenanted, and leased pubs, bars, restaurants, and accommodations in the United Kingdom and internationally. The company operates through Pubs and Bars, and Brewing segments. It provides cask, kegs, and packaged beers through its six breweries under the Pedigree, Hobgoblin, Wainwright, and Shipyard brands, as well as under the licensed brands, including Estrella Damm.
Is Marston's 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: MARS (£0.78) is trading below our estimate of fair value (£1.14)
Significantly Below Fair Value: MARS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MARS is unprofitable, so we can't compare its PE Ratio to the UK Hospitality industry average.
PE vs Market: MARS 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 MARS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MARS is good value based on its PB Ratio (1x) compared to the GB Hospitality industry average (2.7x).
How is Marston's 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: MARS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.9%).
Earnings vs Market: MARS is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MARS's is expected to become profitable in the next 3 years.
Revenue vs Market: MARS's revenue (24% per year) is forecast to grow faster than the UK market (5% per year).
High Growth Revenue: MARS's revenue (24% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MARS's Return on Equity is forecast to be high in 3 years time (24.2%)
How has Marston's performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MARS is currently unprofitable.
Growing Profit Margin: MARS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MARS is unprofitable, and losses have increased over the past 5 years at a rate of 76.8% per year.
Accelerating Growth: Unable to compare MARS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MARS is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (13.7%).
Return on Equity
High ROE: MARS has a negative Return on Equity (-86.58%), as it is currently unprofitable.
How is Marston's's financial position?
Financial Position Analysis
Short Term Liabilities: MARS's short term assets (£75.6M) do not cover its short term liabilities (£267.8M).
Long Term Liabilities: MARS's short term assets (£75.6M) do not cover its long term liabilities (£1.8B).
Debt to Equity History and Analysis
Debt Level: MARS's debt to equity ratio (297.1%) is considered high.
Reducing Debt: MARS's debt to equity ratio has increased from 223.7% to 297.1% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable MARS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MARS is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 23.1% per year.
What is Marston's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MARS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MARS'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 MARS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MARS's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MARS is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MARS's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ralph Findlay (60 yo)
Mr. Ralph Graham Findlay, FCA, serves as Chief Executive Officer at Marston's Plc since 2001. Mr. Findlay serves as the Managing Director at Marston's Pub Company. He served as a Finance Director at Marsto...
CEO Compensation Analysis
Compensation vs Market: Ralph's total compensation ($USD808.33K) is about average for companies of similar size in the UK market ($USD974.32K).
Compensation vs Earnings: Ralph's compensation has been consistent with company performance over the past year.
Experienced Management: MARS's management team is seasoned and experienced (7.5 years average tenure).
Experienced Board: MARS's board of directors are considered experienced (3.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MARS 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.
Marston's PLC's employee growth, exchange listings and data sources
- Name: Marston's PLC
- Ticker: MARS
- Exchange: LSE
- Founded: 1834
- Industry: Restaurants
- Sector: Consumer Services
- Market Cap: UK£491.329m
- Shares outstanding: 632.75m
- Website: https://www.marstons.co.uk
Number of Employees
- Marston's PLC
- Marston's House
- Brewery Road
- West Midlands
- WV1 4JT
- United Kingdom
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/21 22:31|
|End of Day Share Price||2021/09/21 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.