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MMP

Marshall MonteagleJSE:MMP Stock Report

Market Cap

R860.2m

7D

2.1%

1Y

38.7%

Updated

18 Oct, 2021

Data

Company Financials
MMP fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance1/6
Financial Health4/6
Dividends2/6

MMP Overview

Marshall Monteagle PLC, an investment holding company, engages in the import and distribution, and property holding businesses in South Africa, Europe, the United States, and the Middle East.

Price History & Performance

Summary of all time highs, changes and price drops for Marshall Monteagle
Historical stock prices
Current Share PriceR23.99
52 Week HighR17.27
52 Week LowR30.00
Beta0.65
1 Month Change1.27%
3 Month Change-2.04%
1 Year Change38.67%
3 Year Change48.00%
5 Year Change28.29%
Change since IPO299.83%

Recent News & Updates

Mar 22
Do Investors Have Good Reason To Be Wary Of Marshall Monteagle PLC's (JSE:MMP) 2.2% Dividend Yield?

Do Investors Have Good Reason To Be Wary Of Marshall Monteagle PLC's (JSE:MMP) 2.2% Dividend Yield?

Could Marshall Monteagle PLC ( JSE:MMP ) be an attractive dividend share to own for the long haul? Investors are often...

Feb 22
Does Marshall Monteagle (JSE:MMP) Have A Healthy Balance Sheet?

Does Marshall Monteagle (JSE:MMP) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

MMPZA Trade DistributorsZA Market
7D2.1%1.1%0.7%
1Y38.7%95.9%20.7%

Return vs Industry: MMP underperformed the ZA Trade Distributors industry which returned 97.8% over the past year.

Return vs Market: MMP exceeded the ZA Market which returned 21.3% over the past year.

Price Volatility

Is MMP's price volatile compared to industry and market?
MMP volatility
MMP Beta0.65
Industry Beta0.79
Market Beta1

Stable Share Price: MMP is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MMP's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aDave Marshallhttps://www.monteaglegroup.com

Marshall Monteagle PLC, an investment holding company, engages in the import and distribution, and property holding businesses in South Africa, Europe, the United States, and the Middle East. The company owns and manages commercial property, and multi-tenanted rent properties; and imports, exports, distributes, and trades in hand tools, machinery, non-perishable food, coffee roasting, and other household consumer products, and metals and minerals. It also engages in the warehousing and logistics business; and provides trade finance solutions to a range of producers, traders, and end-users.

Marshall Monteagle Fundamentals Summary

How do Marshall Monteagle's earnings and revenue compare to its market cap?
MMP fundamental statistics
Market CapUS$58.57m
Earnings (TTM)US$7.48m
Revenue (TTM)US$132.69m

7.8x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MMP income statement (TTM)
RevenueUS$132.69m
Cost of RevenueUS$101.25m
Gross ProfitUS$31.45m
ExpensesUS$23.97m
EarningsUS$7.48m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.21
Gross Margin23.70%
Net Profit Margin5.64%
Debt/Equity Ratio19.1%

How did MMP perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

18%

Payout Ratio

Valuation

Is Marshall Monteagle undervalued compared to its fair value and its price relative to the market?

7.83x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MMP (ZAR23.99) is trading above our estimate of fair value (ZAR4.48)

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


Price To Earnings Ratio

PE vs Industry: MMP is good value based on its PE Ratio (7.8x) compared to the ZA Trade Distributors industry average (8x).

PE vs Market: MMP is good value based on its PE Ratio (7.8x) compared to the ZA market (11.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MMP is good value based on its PB Ratio (0.7x) compared to the ZA Trade Distributors industry average (0.8x).


Future Growth

How is Marshall Monteagle forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.6%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Marshall Monteagle has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Marshall Monteagle performed over the past 5 years?

-28.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MMP has a high level of non-cash earnings.

Growing Profit Margin: MMP became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MMP's earnings have declined by 28.4% per year over the past 5 years.

Accelerating Growth: MMP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MMP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Trade Distributors industry (19.1%).


Return on Equity

High ROE: MMP's Return on Equity (8.8%) is considered low.


Financial Health

How is Marshall Monteagle's financial position?


Financial Position Analysis

Short Term Liabilities: MMP's short term assets ($80.4M) exceed its short term liabilities ($42.5M).

Long Term Liabilities: MMP's short term assets ($80.4M) exceed its long term liabilities ($14.5M).


Debt to Equity History and Analysis

Debt Level: MMP's debt to equity ratio (19.1%) is considered satisfactory.

Reducing Debt: MMP's debt to equity ratio has increased from 15.8% to 19.1% over the past 5 years.

Debt Coverage: MMP's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: MMP earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Marshall Monteagle current dividend yield, its reliability and sustainability?

2.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MMP's dividend (2.33%) isn’t notable compared to the bottom 25% of dividend payers in the ZA market (3.07%).

High Dividend: MMP's dividend (2.33%) is low compared to the top 25% of dividend payers in the ZA market (8.09%).


Stability and Growth of Payments

Stable Dividend: MMP's dividend payments have been volatile in the past 10 years.

Growing Dividend: MMP's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (18.2%), MMP's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

5.2yrs

Average board tenure


CEO

Dave Marshall (77 yo)

12.75yrs

Tenure

US$250,000

Compensation

Mr. David Courtnall Marshall, also known as Dave, has been the Chief Executive Officer of Marshall Monteagle PLC since 2009. Mr. Marshall has been Non Executive Chairman of London Finance & Investment Grou...


Board Members

Experienced Board: MMP's board of directors are considered experienced (5.2 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

Marshall Monteagle PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Marshall Monteagle PLC
  • Ticker: MMP
  • Exchange: JSE
  • Founded: NaN
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: R860.222m
  • Shares outstanding: 35.86m
  • Website: https://www.monteaglegroup.com

Number of Employees


Location

  • Marshall Monteagle PLC
  • GaspE House
  • 2nd Floor
  • Saint Helier
  • JE1 1GH
  • Jersey

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 21:36
End of Day Share Price2021/10/18 00:00
Earnings2021/03/31
Annual Earnings2020/09/30


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.