AIM:MBH

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Michelmersh Brick Holdings

Executive Summary

Michelmersh Brick Holdings Plc, through its subsidiaries, manufactures and sells bricks, tiles, and building products in the United Kingdom, Europe, and internationally. More Details


Snowflake Analysis

Excellent balance sheet and good value.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.6%

MBH

1.5%

GB Basic Materials

0.07%

GB Market


1 Year Return

-14.2%

MBH

-11.6%

GB Basic Materials

-15.4%

GB Market

Return vs Industry: MBH underperformed the UK Basic Materials industry which returned -11.6% over the past year.

Return vs Market: MBH exceeded the UK Market which returned -15.4% over the past year.


Shareholder returns

MBHIndustryMarket
7 Day1.6%1.5%0.07%
30 Day-4.5%10.0%1.7%
90 Day-6.5%6.9%-1.8%
1 Year-13.3%-14.2%-11.2%-11.6%-12.1%-15.4%
3 Year9.0%1.6%-2.2%-7.5%-8.4%-19.7%
5 Year13.3%1.6%53.6%39.7%16.4%-9.7%

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?

10.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MBH (£0.94) is trading below our estimate of fair value (£1.04)

Significantly Below Fair Value: MBH is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MBH is good value based on its PE Ratio (12.1x) compared to the GB Basic Materials industry average (20.3x).

PE vs Market: MBH is good value based on its PE Ratio (12.1x) compared to the UK market (18.3x).


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 (1.1x) compared to the GB Basic Materials industry average (1.4x).


Next Steps

Future Growth

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

6.2%

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 (1.2%).

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 (6.2% per year) is forecast to grow faster than the UK market (6% per year).

High Growth Revenue: MBH'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: MBH's Return on Equity is forecast to be low in 3 years time (9%).


Next Steps

Past Performance

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

21.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MBH has a large one-off gain of £1.6M impacting its June 30 2020 financial results.

Growing Profit Margin: MBH's current net profit margins (14.7%) are higher than last year (11.6%).


Past Earnings Growth Analysis

Earnings Trend: MBH's earnings have grown significantly by 21% per year over the past 5 years.

Accelerating Growth: MBH's earnings growth over the past year (23.1%) exceeds its 5-year average (21% per year).

Earnings vs Industry: MBH earnings growth over the past year (23.1%) exceeded the Basic Materials industry -10.4%.


Return on Equity

High ROE: MBH's Return on Equity (9.2%) is considered low.


Next Steps

Financial Health

How is Michelmersh Brick Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: MBH's short term assets (£38.9M) exceed its short term liabilities (£16.4M).

Long Term Liabilities: MBH's short term assets (£38.9M) exceed its long term liabilities (£31.3M).


Debt to Equity History and Analysis

Debt Level: MBH's debt to equity ratio (30.7%) is considered satisfactory.

Reducing Debt: MBH's debt to equity ratio has increased from 1.2% to 30.7% over the past 5 years.

Debt Coverage: MBH's debt is well covered by operating cash flow (47.3%).

Interest Coverage: MBH's interest payments on its debt are well covered by EBIT (10.3x coverage).


Balance Sheet


Next Steps

Dividend

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

1.07%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

7.3yrs

Average management tenure


CEO

Frank Hanna (52 yo)

4.75yrs

Tenure

UK£482,000

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 ($USD628.86K) is above average for companies of similar size in the UK market ($USD355.54K).

Compensation vs Earnings: Frank's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Martin Warner
Founder & Non-Executive Chairman3.42yrsUK£102.00k4.41%
£ 3.9m
Frank Hanna
Joint Chief Executive & Director4.75yrsUK£482.00k0.59%
£ 514.2k
Peter Sharp
Joint Chief Executive & Director9.42yrsUK£502.00k0.11%
£ 97.4k
Stephen Huw Morgan
Finance Directorno dataUK£435.00kno data

7.3yrs

Average Tenure

56yo

Average Age

Experienced Management: MBH's management team is seasoned and experienced (7.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Martin Warner
Founder & Non-Executive Chairman3.42yrsUK£102.00k4.41%
£ 3.9m
Frank Hanna
Joint Chief Executive & Director4.75yrsUK£482.00k0.59%
£ 514.2k
Peter Sharp
Joint Chief Executive & Director9.42yrsUK£502.00k0.11%
£ 97.4k
Stephen Huw Morgan
Finance Directorno dataUK£435.00kno data
Robert Carlton-Porter
Senior Independent Directorno dataUK£50.00k0.021%
£ 18.7k
Paula Hay-Plumb
Non-Executive Director0.33yrno datano data

6.4yrs

Average Tenure

60yo

Average Age

Experienced Board: MBH's board of directors are considered experienced (6.4 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

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£87.774m
  • Shares outstanding: 93.88m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MBHAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPMay 2004
MPODB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2004

Biography

Michelmersh Brick Holdings Plc, through its subsidiaries, manufactures and sells bricks, tiles, and building products in the United Kingdom, Europe, and internationally. The company offers extruded wire cu ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/25 20:48
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.