AIM:MBH

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Michelmersh Brick Holdings

Market Cap

UK£131.1m

Last Updated

2021/06/15 09:36 UTC

Data Sources

Company Financials +

Executive Summary

Michelmersh Brick Holdings plc, through its subsidiaries, engages in the manufacture and sale of bricks, tiles, and building products in the United Kingdom and Europe. More Details


Snowflake Analysis

Excellent balance sheet second-rate dividend payer.


Similar Companies

Share Price & News

How has Michelmersh Brick Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MBH is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: MBH's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-2.4%

MBH

-2.5%

GB Basic Materials

0.5%

GB Market


1 Year Return

41.6%

MBH

43.0%

GB Basic Materials

22.0%

GB Market

Return vs Industry: MBH underperformed the UK Basic Materials industry which returned 43% over the past year.

Return vs Market: MBH exceeded the UK Market which returned 22% over the past year.


Shareholder returns

MBHIndustryMarket
7 Day-2.4%-2.5%0.5%
30 Day2.6%0.04%2.0%
90 Day-3.8%10.4%6.0%
1 Year44.1%41.6%44.8%43.0%28.3%22.0%
3 Year57.4%47.6%17.0%10.4%14.0%-0.2%
5 Year134.7%109.8%84.7%69.9%52.6%23.0%

Long-Term Price Volatility Vs. Market

How volatile is Michelmersh Brick Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Michelmersh Brick Holdings undervalued compared to its fair value and its price relative to the market?

26.49x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MBH (£1.4) is trading above our estimate of fair value (£0.91)

Significantly Below Fair Value: MBH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MBH is good value based on its PE Ratio (26.5x) compared to the UK Basic Materials industry average (36.5x).

PE vs Market: MBH is poor value based on its PE Ratio (26.5x) compared to the UK market (25.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MBH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MBH is good value based on its PB Ratio (1.6x) compared to the GB Basic Materials industry average (2.6x).


Future Growth

How is Michelmersh Brick Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

5.6%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if MBH's forecast earnings growth is above the savings rate (0.9%).

Earnings vs Market: Insufficient data to determine if MBH's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MBH's revenue (5.6% per year) is forecast to grow faster than the UK market (5% per year).

High Growth Revenue: MBH's revenue (5.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MBH's Return on Equity is forecast to be low in 3 years time (9.8%).


Past Performance

How has Michelmersh Brick Holdings performed over the past 5 years?

19.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MBH has high quality earnings.

Growing Profit Margin: MBH's current net profit margins (9.5%) are lower than last year (16.1%).


Past Earnings Growth Analysis

Earnings Trend: MBH's earnings have grown by 19.5% per year over the past 5 years.

Accelerating Growth: MBH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MBH had negative earnings growth (-42.6%) over the past year, making it difficult to compare to the Basic Materials industry average (-42.6%).


Return on Equity

High ROE: MBH's Return on Equity (6.2%) is considered low.


Financial Health

How is Michelmersh Brick Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: MBH's short term assets (£33.5M) exceed its short term liabilities (£13.8M).

Long Term Liabilities: MBH's short term assets (£33.5M) exceed its long term liabilities (£22.4M).


Debt to Equity History and Analysis

Debt Level: MBH's debt to equity ratio (14.4%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if MBH's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: MBH's debt is well covered by operating cash flow (90.5%).

Interest Coverage: MBH's interest payments on its debt are well covered by EBIT (10.6x coverage).


Balance Sheet


Dividend

What is Michelmersh Brick Holdings's current dividend yield, its reliability and sustainability?

1.79%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MBH's dividend (1.79%) is higher than the bottom 25% of dividend payers in the UK market (1.28%).

High Dividend: MBH's dividend (1.79%) is low compared to the top 25% of dividend payers in the UK market (4.01%).


Stability and Growth of Payments

Stable Dividend: MBH has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: MBH's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (47.5%), MBH's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MBH's dividends in 3 years are forecast to be well covered by earnings (35.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.4yrs

Average management tenure


CEO

Frank Hanna (52 yo)

5.42yrs

Tenure

UK£385,000

Compensation

Mr. Frank J. Hanna has been the Joint-Chief Executive at Michelmersh Brick Holdings plc since January 01, 2016 and served as its Commercial Director. Mr. Hanna served as Sales and Technical Director at Fre...


CEO Compensation Analysis

Compensation vs Market: Frank's total compensation ($USD543.06K) is about average for companies of similar size in the UK market ($USD562.24K).

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


Leadership Team

Experienced Management: MBH's management team is seasoned and experienced (5.4 years average tenure).


Board Members

Experienced Board: MBH's board of directors are considered experienced (4.1 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Michelmersh Brick Holdings plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Michelmersh Brick Holdings plc
  • Ticker: MBH
  • Exchange: AIM
  • Founded: 1997
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: UK£131.051m
  • Shares outstanding: 93.94m
  • Website: https://www.mbhplc.co.uk

Number of Employees


Location

  • Michelmersh Brick Holdings plc
  • Freshfield Lane
  • Danehill
  • Haywards Heath
  • West Sussex
  • RH17 7HH
  • United Kingdom

Listings


Biography

Michelmersh Brick Holdings plc, through its subsidiaries, engages in the manufacture and sale of bricks, tiles, and building products in the United Kingdom and Europe. It offers extruded wire cut facing br...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/15 09:36
End of Day Share Price2021/06/14 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.