Marshalls Future Growth
Future criteria checks 3/6
Marshalls is forecast to grow earnings and revenue by 31.1% and 3.3% per annum respectively. EPS is expected to grow by 32.6% per annum. Return on equity is forecast to be 7.3% in 3 years.
Key information
31.1%
Earnings growth rate
32.62%
EPS growth rate
| Basic Materials earnings growth | 20.8% |
| Revenue growth rate | 3.3% |
| Future return on equity | 7.26% |
| Analyst coverage | Good |
| Last updated | 22 Apr 2026 |
Recent future growth updates
Recent updates
Narrative Update • May 03
MSLH: Stronger Margins And Covered Dividend Will Support Future Upside Potential
Analysts have lowered their price target on Marshalls to reflect a revised fair value estimate of £3.60, based on updated assumptions that include a higher discount rate, slightly softer revenue growth expectations, a stronger profit margin and a reduced future P/E multiple. What's in the News The Board has proposed a final dividend of 4.5 pence per share, in line with Marshalls' policy of distributions being covered twice by adjusted earnings (Key Developments).
Narrative Update • Apr 19
MSLH: New CEO Appointment And Dividend Policy Will Support Bullish Outlook
Analysts have lifted their price target for Marshalls to £2.43, reflecting updated assumptions for the discount rate, long term revenue growth, profit margins and future P/E that now sit broadly in line with prior estimates. What's in the News The Board has proposed a final dividend of 4.5 pence per share, taking the total dividend for 2025 to 6.7 pence per share, in line with the policy of 2x adjusted earnings cover (Key Developments).
Narrative Update • Apr 05
MSLH: Dividend Cut And New CEO Will Shape Fairly Valued Outlook
Analysts have trimmed their price target on Marshalls from £1.85 to £1.53, citing updated assumptions on revenue growth, profit margins, and a lower future P/E multiple. What's in the News The Board proposes a final dividend of 4.5 pence per share, taking the total proposed dividend for 2025 to 6.7 pence per share, compared with 8.0 pence for 2024.Narrative Update • Mar 22
MSLH: Future Margin Gains And New Leadership Will Support Bullish Outlook
Analysts have revised their price target for Marshalls to £2.43 from £2.89, reflecting updated views on slightly softer revenue growth assumptions, a marginally higher discount rate and a lower expected future P/E multiple, partly offset by a modest increase in projected profit margins. What's in the News The board proposes a total dividend payout of 6.7 pence per share for 2025, compared with 8.0 pence for 2024, representing a 16.3% reduction driven by weaker profitability.Narrative Update • Mar 07
MSLH: New CEO Appointment Will Support Transform And Grow Plan At Attractive Price
Analysts have nudged their fair value estimate for Marshalls to £1.85, reflecting slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E. They view this as a balanced update rather than a major reset of expectations.Narrative Update • Feb 20
MSLH: New CEO Appointment Will Support Transform And Grow Plan At Fair Price
Analysts have nudged their price target on Marshalls to £1.85, with the small change tied to updated assumptions for discount rate, revenue growth, profit margins and future P/E expectations. What's in the News Marshalls plc appointed Simon Bourne as permanent Chief Executive Officer, effective January 19, 2026, following his period as Interim CEO that began on November 27, 2025 (Key Developments).Narrative Update • Feb 05
MSLH: New Permanent CEO Will Drive Transform And Grow Strategy Forward
Analysts have revised their price target on Marshalls to £1.85, based on slightly adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E, while keeping the fair value unchanged at £1.85. What's in the News Marshalls plc appointed Simon Bourne as permanent Chief Executive Officer, effective January 19, 2026, after serving as Interim CEO from November 27, 2025 (Key Developments).Narrative Update • Jan 21
MSLH: New Leadership Will Drive Transform And Grow Strategy Forward
Analysts have trimmed their price target for Marshalls to reflect a fair value adjustment from £1.88 to £1.85, citing updated assumptions for growth, margins and future P/E that result in a slightly more conservative outlook on the shares. What's in the News Marshalls plc appointed Simon Bourne as Chief Executive Officer, effective January 19, 2026, following his period as Interim CEO and more than a decade in senior operational and commercial roles with the Group (Key Developments).Analysis Article • Jan 21
Marshalls plc (LON:MSLH) Shares Could Be 37% Below Their Intrinsic Value Estimate
Key Insights The projected fair value for Marshalls is UK£2.51 based on 2 Stage Free Cash Flow to Equity Current share...Narrative Update • Jan 07
MSLH: Leadership Transition And Stable Outlook Will Shape Future Prospects
Analysts have nudged their price target on Marshalls higher, reflecting slightly updated assumptions for revenue, profit margins and future P/E that leave their fair value estimate broadly steady at about £1.88 per share. What's in the News Matt Pullen plans to step down as Chief Executive Officer of Marshalls with effect from November 27, 2025.Narrative Update • Dec 13
MSLH: Leadership Transition And Higher Risk Perception Will Shape Future Prospects
Analysts have lowered their price target on Marshalls by approximately £0.22 per share, reflecting a higher perceived discount rate despite modestly stronger expectations for revenue growth and profit margins. What's in the News Chief Executive Officer Matt Pullen will step down from his role effective November 27, 2025, prompting a leadership transition at Marshalls (Key Developments) Simon Bourne, currently Group Chief Commercial Officer, has been appointed Interim Chief Executive Officer to provide continuity and maintain strategic focus (Key Developments) Bourne, who joined Marshalls in 2015 and became Chief Operating Officer in 2022, played a key role in developing the Group's Transform & Grow strategy, which he will now oversee in execution (Key Developments) Valuation Changes Fair Value: estimated intrinsic value per share has decreased from £2.10 to £1.88, representing a modest downward revision.Analysis Article • Nov 26
What Is Marshalls plc's (LON:MSLH) Share Price Doing?
Marshalls plc ( LON:MSLH ), is not the largest company out there, but it saw a decent share price growth of 12% on the...Analysis Article • Oct 18
Marshalls (LON:MSLH) Is Reducing Its Dividend To £0.022
The board of Marshalls plc ( LON:MSLH ) has announced that the dividend on 1st of December will be reduced by 15% from...Narrative Update • Aug 21
UK Infrastructure Reforms Will Ignite Sustainable Low-Carbon Sectors
The reduction in Marshalls’ future P/E from 19.95x to 18.61x, while discount rates held steady, suggests weaker growth or earnings expectations, resulting in a lowered consensus price target from £3.11 to £2.89. What's in the News Marshalls' Board has declared a reduced interim dividend of 2.2 pence per share, down from 2.6 pence, reflecting an expected decrease in adjusted EPS for 2025.Analysis Article • Aug 14
Marshalls (LON:MSLH) Will Pay A Smaller Dividend Than Last Year
The board of Marshalls plc ( LON:MSLH ) has announced that the dividend on 1st of December will be reduced by 15% from...Analysis Article • Jul 26
Marshalls plc (LON:MSLH) Not Lagging Market On Growth Or Pricing
With a median price-to-earnings (or "P/E") ratio of close to 16x in the United Kingdom, you could be forgiven for...Analysis Article • May 08
Marshalls (LON:MSLH) Has Announced A Dividend Of £0.054
Marshalls plc ( LON:MSLH ) will pay a dividend of £0.054 on the 1st of July. This means that the annual payment is 2.8...Analysis Article • May 05
What Is Marshalls plc's (LON:MSLH) Share Price Doing?
Marshalls plc ( LON:MSLH ), might not be a large cap stock, but it led the LSE gainers with a relatively large price...
New Narrative • Mar 23
Viridian Solar's Regulatory Tailwinds Will Drive Future Market Outperformance
The Transform & Grow strategy focuses on core brands and high-margin areas to drive revenue growth and improve market share.Analysis Article • Mar 22
Marshalls (LON:MSLH) Is Due To Pay A Dividend Of £0.054
Marshalls plc ( LON:MSLH ) will pay a dividend of £0.054 on the 1st of July. This means that the annual payment is 3.3...Analysis Article • Dec 14
Marshalls (LON:MSLH) Seems To Use Debt Quite Sensibly
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Analysis Article • Nov 09
Marshalls plc's (LON:MSLH) P/E Is On The Mark
Marshalls plc's ( LON:MSLH ) price-to-earnings (or "P/E") ratio of 37.6x might make it look like a strong sell right...Analysis Article • Oct 04
Is Now The Time To Look At Buying Marshalls plc (LON:MSLH)?
Marshalls plc ( LON:MSLH ), might not be a large cap stock, but it received a lot of attention from a substantial price...Analysis Article • Sep 08
These 4 Measures Indicate That Marshalls (LON:MSLH) Is Using Debt Reasonably Well
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Aug 21
Marshalls (LON:MSLH) Has Announced A Dividend Of £0.026
Marshalls plc's ( LON:MSLH ) investors are due to receive a payment of £0.026 per share on 2nd of December. Including...Analysis Article • Aug 19
There May Be Reason For Hope In Marshalls' (LON:MSLH) Disappointing Earnings
Soft earnings didn't appear to concern Marshalls plc's ( LON:MSLH ) shareholders over the last week. We did some...Analysis Article • Aug 15
Here's What Analysts Are Forecasting For Marshalls plc (LON:MSLH) After Its Half-Yearly Results
Last week saw the newest half-yearly earnings release from Marshalls plc ( LON:MSLH ), an important milestone in the...Analysis Article • Aug 03
A Look At The Fair Value Of Marshalls plc (LON:MSLH)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Marshalls fair value estimate is UK£4.13 Current share price...Analysis Article • Jun 10
Should You Think About Buying Marshalls plc (LON:MSLH) Now?
Marshalls plc ( LON:MSLH ), is not the largest company out there, but it saw a double-digit share price rise of over...Analysis Article • May 22
After Leaping 26% Marshalls plc (LON:MSLH) Shares Are Not Flying Under The Radar
Marshalls plc ( LON:MSLH ) shares have had a really impressive month, gaining 26% after a shaky period beforehand...Analysis Article • Apr 13
Marshalls (LON:MSLH) Has Announced A Dividend Of £0.057
The board of Marshalls plc ( LON:MSLH ) has announced that it will pay a dividend on the 1st of July, with investors...Analysis Article • Mar 21
Marshalls (LON:MSLH) Has Announced A Dividend Of £0.057
The board of Marshalls plc ( LON:MSLH ) has announced that it will pay a dividend on the 1st of July, with investors...Analysis Article • Mar 17
Is Marshalls plc (LON:MSLH) Worth UK£2.9 Based On Its Intrinsic Value?
Key Insights The projected fair value for Marshalls is UK£2.17 based on 2 Stage Free Cash Flow to Equity Current share...Analysis Article • Jan 25
Marshalls plc's (LON:MSLH) P/E Is On The Mark
Marshalls plc's ( LON:MSLH ) price-to-earnings (or "P/E") ratio of 29.7x might make it look like a strong sell right...Analysis Article • Dec 02
Is Now An Opportune Moment To Examine Marshalls plc (LON:MSLH)?
While Marshalls plc ( LON:MSLH ) might not be the most widely known stock at the moment, it received a lot of attention...Analysis Article • Sep 28
These 4 Measures Indicate That Marshalls (LON:MSLH) Is Using Debt Reasonably Well
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Sep 02
Marshalls (LON:MSLH) Is Reducing Its Dividend To £0.026
Marshalls plc ( LON:MSLH ) is reducing its dividend from last year's comparable payment to £0.026 on the 1st of...Analysis Article • Aug 19
Marshalls' (LON:MSLH) Shareholders Will Receive A Smaller Dividend Than Last Year
The board of Marshalls plc ( LON:MSLH ) has announced that the dividend on 1st of December will be reduced by 54% from...Analysis Article • Aug 03
Why Marshalls plc (LON:MSLH) Could Be Worth Watching
Marshalls plc ( LON:MSLH ), is not the largest company out there, but it saw a decent share price growth in the teens...Analysis Article • Jun 15
Here's Why Marshalls (LON:MSLH) Can Manage Its Debt Responsibly
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 697 | 50 | 44 | 71 | 6 |
| 12/31/2027 | 666 | 43 | 40 | 65 | 7 |
| 12/31/2026 | 640 | 39 | 39 | 60 | 7 |
| 12/31/2025 | 632 | 14 | 22 | 39 | N/A |
| 9/30/2025 | 632 | 19 | 27 | 43 | N/A |
| 6/30/2025 | 632 | 24 | 31 | 47 | N/A |
| 3/31/2025 | 626 | 27 | 48 | 62 | N/A |
| 12/31/2024 | 619 | 31 | 65 | 77 | N/A |
| 9/30/2024 | 622 | 26 | 65 | 78 | N/A |
| 6/30/2024 | 624 | 22 | 64 | 80 | N/A |
| 3/31/2024 | 648 | 20 | 61 | 79 | N/A |
| 12/31/2023 | 671 | 19 | 57 | 78 | N/A |
| 9/30/2023 | 698 | 21 | 66 | 93 | N/A |
| 6/30/2023 | 725 | 23 | 75 | 107 | N/A |
| 3/31/2023 | 722 | 25 | 65 | 96 | N/A |
| 12/31/2022 | 719 | 27 | 55 | 85 | N/A |
| 9/30/2022 | 679 | 34 | 33 | 59 | N/A |
| 6/30/2022 | 640 | 42 | 11 | 33 | N/A |
| 3/31/2022 | 614 | 48 | 27 | 49 | N/A |
| 12/31/2021 | 589 | 55 | 44 | 66 | N/A |
| 9/30/2021 | 573 | 51 | 47 | 65 | N/A |
| 6/30/2021 | 557 | 47 | 51 | 65 | N/A |
| 3/31/2021 | 513 | 25 | 24 | 39 | N/A |
| 12/31/2020 | 469 | 2 | -2 | 12 | N/A |
| 9/30/2020 | 471 | 8 | 11 | 29 | N/A |
| 6/30/2020 | 472 | 14 | 25 | 45 | N/A |
| 3/31/2020 | 507 | 36 | 45 | 67 | N/A |
| 12/31/2019 | 542 | 58 | 65 | 88 | N/A |
| 9/30/2019 | 534 | 57 | N/A | 81 | N/A |
| 6/30/2019 | 527 | 56 | N/A | 74 | N/A |
| 3/31/2019 | 509 | 54 | N/A | 68 | N/A |
| 12/31/2018 | 491 | 52 | N/A | 63 | N/A |
| 9/30/2018 | 473 | 48 | N/A | 58 | N/A |
| 6/30/2018 | 455 | 45 | N/A | 52 | N/A |
| 3/31/2018 | 443 | 44 | N/A | 55 | N/A |
| 12/31/2017 | 430 | 43 | N/A | 57 | N/A |
| 9/30/2017 | 422 | 42 | N/A | 58 | N/A |
| 6/30/2017 | 414 | 41 | N/A | 59 | N/A |
| 3/31/2017 | 405 | 39 | N/A | 54 | N/A |
| 12/31/2016 | 397 | 37 | N/A | 49 | N/A |
| 9/30/2016 | 393 | 35 | N/A | 52 | N/A |
| 6/30/2016 | 390 | 32 | N/A | 54 | N/A |
| 3/31/2016 | 388 | 30 | N/A | 52 | N/A |
| 12/31/2015 | 386 | 28 | N/A | 50 | N/A |
| 9/30/2015 | 382 | 26 | N/A | 47 | N/A |
| 6/30/2015 | 378 | 25 | N/A | 43 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MSLH's forecast earnings growth (31.1% per year) is above the savings rate (3.4%).
Earnings vs Market: MSLH's earnings (31.1% per year) are forecast to grow faster than the UK market (12.1% per year).
High Growth Earnings: MSLH's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MSLH's revenue (3.3% per year) is forecast to grow slower than the UK market (4.5% per year).
High Growth Revenue: MSLH's revenue (3.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MSLH's Return on Equity is forecast to be low in 3 years time (7.3%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/08 10:29 |
| End of Day Share Price | 2026/05/08 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Marshalls plc is covered by 13 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Robert Chantry | Berenberg |
| Mark Hake | BofA Global Research |
| Aynsley Lammin | Canaccord Genuity |