Reported Earnings • May 23
First half 2026 earnings released: EPS: UK£0.18 (vs UK£0.17 in 1H 2025) First half 2026 results: EPS: UK£0.18 (up from UK£0.17 in 1H 2025). Revenue: UK£1.49b (up 2.5% from 1H 2025). Net income: UK£107.0m (up 7.0% from 1H 2025). Profit margin: 7.2% (up from 6.9% in 1H 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • May 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to UK£2.35. The fair value is estimated to be UK£2.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last year. Earnings per share has grown by 19%. Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Amanda Brown was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • May 14
Mitchells & Butlers plc to Report First Half, 2026 Results on May 21, 2026 Mitchells & Butlers plc announced that they will report first half, 2026 results on May 21, 2026 Duyuru • Dec 20
Mitchells & Butlers plc, Annual General Meeting, Jan 29, 2026 Mitchells & Butlers plc, Annual General Meeting, Jan 29, 2026. Location: mitchells snd butlers plc, retail support centre, 27 fleet street, birmingham, b3 1jp, United Kingdom Duyuru • Nov 24
Mitchells & Butlers plc to Report Fiscal Year 2025 Results on Nov 28, 2025 Mitchells & Butlers plc announced that they will report fiscal year 2025 results on Nov 28, 2025 Duyuru • May 22
Mitchells & Butlers plc Provides Earnings Guidance for the Full Year 2025 Mitchells & Butlers plc provided earnings guidance for the year 2025. For the year, company expected operating profit to be at the top end of current consensus. Duyuru • May 15
Mitchells & Butlers plc to Report First Half, 2025 Results on May 22, 2025 Mitchells & Butlers plc announced that they will report first half, 2025 results on May 22, 2025 Duyuru • Dec 20
Mitchells & Butlers plc, Annual General Meeting, Jan 23, 2025 Mitchells & Butlers plc, Annual General Meeting, Jan 23, 2025. Location: mitchells snd butlers plc, retail support centre, 27 fleet street, b3 1jp, birmingham United Kingdom Duyuru • Nov 25
Mitchells & Butlers plc to Report Q4, 2024 Results on Nov 27, 2024 Mitchells & Butlers plc announced that they will report Q4, 2024 results on Nov 27, 2024 Reported Earnings • May 23
First half 2024 earnings released: EPS: UK£0.14 (vs UK£0.054 in 1H 2023) First half 2024 results: EPS: UK£0.14 (up from UK£0.054 in 1H 2023). Revenue: UK£1.40b (up 8.9% from 1H 2023). Net income: UK£81.0m (up 153% from 1H 2023). Profit margin: 5.8% (up from 2.5% in 1H 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • May 22
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to UK£2.93. The fair value is estimated to be UK£2.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Meanwhile, the company became loss making. Duyuru • May 19
Mitchells & Butlers plc to Report First Half, 2024 Results on May 22, 2024 Mitchells & Butlers plc announced that they will report first half, 2024 results on May 22, 2024 Duyuru • Dec 21
Mitchells & Butlers plc, Annual General Meeting, Jan 23, 2024 Mitchells & Butlers plc, Annual General Meeting, Jan 23, 2024, at 09:00 Coordinated Universal Time. Location: Mitchells & Butlers plc, Retail Support Centre, 27 Fleet Street Birmingham United Kingdom Reported Earnings • Dec 02
Full year 2023 earnings released: UK£0.007 loss per share (vs UK£0.022 profit in FY 2022) Full year 2023 results: UK£0.007 loss per share (down from UK£0.022 profit in FY 2022). Revenue: UK£2.50b (up 13% from FY 2022). Net loss: UK£4.00m (down 131% from profit in FY 2022). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Duyuru • Nov 25
Mitchells & Butlers plc to Report Q4, 2023 Results on Nov 30, 2023 Mitchells & Butlers plc announced that they will report Q4, 2023 results on Nov 30, 2023 Reported Earnings • May 18
First half 2023 earnings released: EPS: UK£0.054 (vs UK£0.077 in 1H 2022) First half 2023 results: EPS: UK£0.054 (down from UK£0.077 in 1H 2022). Revenue: UK£1.28b (up 11% from 1H 2022). Net income: UK£32.0m (down 30% from 1H 2022). Profit margin: 2.5% (down from 4.0% in 1H 2022). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Duyuru • May 13
Mitchells & Butlers plc to Report First Half, 2023 Results on May 17, 2023 Mitchells & Butlers plc announced that they will report first half, 2023 results on May 17, 2023 Buying Opportunity • May 04
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be UK£2.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings is also forecast to grow by 50% per annum over the same time period. Duyuru • Dec 22
Mitchells & Butlers plc, Annual General Meeting, Feb 08, 2023 Mitchells & Butlers plc, Annual General Meeting, Feb 08, 2023, at 09:00 Coordinated Universal Time. Location: Retail Support Centre, 27 Fleet Street Birmingham, B3 1JP Birmigham United Kingdom Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. 2 independent directors (7 non-independent directors). Senior Independent Director Jane Moriarty was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improved over the past week After last week's 21% share price gain to UK£1.36, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Hospitality industry in the United Kingdom. Total loss to shareholders of 65% over the past three years. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to UK£1.35, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 15x in the Hospitality industry in the United Kingdom. Total loss to shareholders of 61% over the past three years. Reported Earnings • May 20
First half 2022 earnings released: EPS: UK£0.077 (vs UK£0.33 loss in 1H 2021) First half 2022 results: EPS: UK£0.077 (up from UK£0.33 loss in 1H 2021). Revenue: UK£1.16b (up 429% from 1H 2021). Net income: UK£46.0m (up UK£211.0m from 1H 2021). Profit margin: 4.0% (up from net loss in 1H 2021). Over the next year, revenue is forecast to grow 10%, compared to a 29% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. 2 independent directors (6 non-independent directors). Senior Independent Director Jane Moriarty was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Dec 28
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: UK£0.12 loss per share (up from UK£0.26 loss in FY 2020). Revenue: UK£1.07b (down 28% from FY 2020). Net loss: UK£65.0m (loss narrowed 42% from FY 2020). Same store sales growth: Down 9.6% vs FY 2020 Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 102%, compared to a 37% growth forecast for the restaurants industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 27
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: UK£0.12 loss per share (up from UK£0.26 loss in FY 2020). Revenue: UK£1.07b (down 28% from FY 2020). Net loss: UK£65.0m (loss narrowed 42% from FY 2020). Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 101%, compared to a 47% growth forecast for the restaurants industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Executive Departure • Aug 04
Deputy Chairman of the Board Ronald Robson has left the company On the 31st of July, Ronald Robson's tenure as Deputy Chairman of the Board ended after 11.5 years in the role. We don't have any record of a personal shareholding under Ronald's name. Ronald is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 8.50 years. Reported Earnings • May 23
First half 2021 earnings released: UK£0.33 loss per share (vs UK£0.23 loss in 1H 2020) The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: UK£219.0m (down 79% from 1H 2020). Net loss: UK£165.0m (loss widened 54% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Mar 16
CEO & Director recently bought UK£197k worth of stock On the 12th of March, Philip Urban bought around 94k shares on-market at roughly UK£2.10 per share. This was the largest purchase by an insider in the last 3 months. This was Philip's only on-market trade for the last 12 months. Is New 90 Day High Low • Feb 10
New 90-day high: UK£3.56 The company is up 60% from its price of UK£2.23 on 11 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£4.23 per share. Is New 90 Day High Low • Jan 19
New 90-day high: UK£2.56 The company is up 82% from its price of UK£1.41 on 21 October 2020. The British market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£4.25 per share. Is New 90 Day High Low • Dec 03
New 90-day high: UK£2.47 The company is up 48% from its price of UK£1.67 on 04 September 2020. The British market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£3.39 per share. Reported Earnings • Dec 01
Full year 2020 earnings released: UK£0.26 loss per share The company reported a poor full year result with weaker earnings, revenues and control over expenses. Full year 2020 results: Revenue: UK£1.48b (down 34% from FY 2019). Net loss: UK£112.0m (down 178% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Dec 01
Revenue beats expectations Revenue exceeded analyst estimates by 5.7%. Over the next year, revenue is forecast to grow 23%, compared to a 1.9% growth forecast for the Hospitality industry in the United Kingdom.