Morses Club PLC, together with its subsidiaries, provides home collected credit services in the United Kingdom. More Details
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Very undervalued average dividend payer.
Share Price & News
How has Morses Club's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MCL is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: MCL'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 Finance
1 Year Return
GB Consumer Finance
Return vs Industry: MCL underperformed the UK Consumer Finance industry which returned -29.8% over the past year.
Return vs Market: MCL underperformed the UK Market which returned -5.6% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Morses Club's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall StHave Insiders Been Buying Morses Club PLC (LON:MCL) Shares This Year?
7 months ago | Simply Wall StDid You Manage To Avoid Morses Club's (LON:MCL) Painful 55% Share Price Drop?
7 months ago | Simply Wall StDid Morses Club PLC (LON:MCL) Insiders Buy Up More Shares?
Is Morses Club 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: MCL (£0.48) is trading below our estimate of fair value (£1.28)
Significantly Below Fair Value: MCL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MCL is good value based on its PE Ratio (6.6x) compared to the GB Consumer Finance industry average (9.1x).
PE vs Market: MCL is good value based on its PE Ratio (6.6x) compared to the UK market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: MCL is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: MCL is good value based on its PB Ratio (0.9x) compared to the GB Consumer Finance industry average (1.1x).
How is Morses Club forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MCL's forecast earnings growth (13.5% per year) is above the savings rate (1.2%).
Earnings vs Market: MCL's earnings (13.5% per year) are forecast to grow slower than the UK market (26.2% per year).
High Growth Earnings: MCL's earnings are forecast to grow, but not significantly.
Revenue vs Market: MCL's revenue (6.2% per year) is forecast to grow slower than the UK market (6.6% per year).
High Growth Revenue: MCL's revenue (6.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MCL's Return on Equity is forecast to be low in 3 years time (16.6%).
How has Morses Club performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MCL has a large one-off loss of £39.2M impacting its February 29 2020 financial results.
Growing Profit Margin: MCL's current net profit margins (7.3%) are lower than last year (13.9%).
Past Earnings Growth Analysis
Earnings Trend: MCL's earnings have declined by 18.4% per year over the past 5 years.
Accelerating Growth: MCL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MCL had negative earnings growth (-41.1%) over the past year, making it difficult to compare to the Consumer Finance industry average (5.9%).
Return on Equity
High ROE: MCL's Return on Equity (13.4%) is considered low.
How is Morses Club's financial position?
Financial Position Analysis
Short Term Liabilities: MCL's short term assets (£89.5M) exceed its short term liabilities (£8.0M).
Long Term Liabilities: MCL's short term assets (£89.5M) exceed its long term liabilities (£35.4M).
Debt to Equity History and Analysis
Debt Level: MCL's debt to equity ratio (47.9%) is considered high.
Reducing Debt: MCL's debt to equity ratio has increased from 0.05% to 47.9% over the past 5 years.
Debt Coverage: MCL's debt is well covered by operating cash flow (63.3%).
Interest Coverage: Insufficient data to determine if MCL's interest payments on its debt are well covered by EBIT.
What is Morses Club current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: MCL's dividend (7.56%) is higher than the bottom 25% of dividend payers in the UK market (1.67%).
High Dividend: MCL's dividend (7.56%) is in the top 25% of dividend payers in the UK market (4.79%)
Stability and Growth of Payments
Stable Dividend: MCL has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: MCL has only been paying a dividend for 4 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (49.6%), MCL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MCL's dividends in 3 years are forecast to be covered by earnings (52.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Paul Smith (53 yo)
Mr. Paul Mark Smith serves as Chief Executive Officer of Morses Club Plc. Mr. Smith joined Morses Club in October 2014. He has been responsible for growing Morses Club by acquisition and organically. He ha...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD0.00) is below average for companies of similar size in the UK market ($USD340.62K).
Compensation vs Earnings: Paul's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|CEO & Director||no data||UK£708.81k||0.25% |
|CFO & Executive Director||0.17yr||no data||no data|
|Director||1.25yrs||no data||no data|
|Senior Independent Non-Executive Director||3.83yrs||UK£56.67k||0.027% |
|Independent Non-Executive Chairman||no data||UK£122.16k||0.17% |
|Non-Executive Director||5.75yrs||UK£51.00k||0.30% |
|Independent Non-Executive Director||4.67yrs||UK£57.52k||0.018% |
|Independent Non-Executive Director||1.58yrs||no data||no data|
Experienced Board: MCL's board of directors are considered experienced (3.8 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Morses Club PLC's company bio, employee growth, exchange listings and data sources
- Name: Morses Club PLC
- Ticker: MCL
- Exchange: AIM
- Founded: 2009
- Industry: Consumer Finance
- Sector: Diversified Financials
- Market Cap: UK£55.779m
- Shares outstanding: 131.24m
- Website: https://www.morsesclubplc.com
Number of Employees
- Morses Club PLC
- Kingston House
- Centre 27 Business Park
- West Yorkshire
- WF17 9TD
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MCL||AIM (London Stock Exchange AIM Market)||Yes||Ordinary Shares||GB||GBP||May 2016|
Morses Club PLC, together with its subsidiaries, provides home collected credit services in the United Kingdom. It offers small cash loans between £100 and £1000. The company offers consumer credit through...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/12/04 18:48|
|End of Day Share Price||2020/12/04 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.