Mitchells & Butlers PLC (GB:MAB)
LSE:MAB
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Mitchells & Butlers
(LSE:MAB)
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Select Model
Rating:66Neutral
Price Target:
306.00 p
â–˛(20.00% Upside)
Action:DowngradedDate:12/11/25
Mitchells & Butlers' overall stock score of 66 reflects a mixed financial performance with operational efficiency and a strong equity base, but challenges in revenue growth and cash flow. The technical analysis indicates a neutral market position, while the valuation suggests potential undervaluation. The absence of earnings call data and corporate events limits additional insights.
Positive Factors
Diversified brand portfolio
A multi-brand portfolio across casual, premium and traditional pub segments spreads demand risk and supports stable footfall. Over months this diversification helps capture varied customer preferences, enables cross-brand promotions, and preserves revenue channels if one segment underperforms.
Negative Factors
Large recent revenue decline
A 33% revenue contraction is a material structural headwind that erodes scale economics and pricing leverage. Even with margin improvement, sustained top-line weakness limits free cash flow, constrains reinvestment in sites, and prolongs recovery time for the business over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified brand portfolio
A multi-brand portfolio across casual, premium and traditional pub segments spreads demand risk and supports stable footfall. Over months this diversification helps capture varied customer preferences, enables cross-brand promotions, and preserves revenue channels if one segment underperforms.
Read all positive factors
Mitchells & Butlers (MAB) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
ÂŁ1.51B
Dividend YieldN/A
Average Volume (3M)350.47K
Price to Earnings (P/E)8.3
Beta (1Y)1.09
Revenue Growth3.87%
EPS Growth18.31%
CountryUK
Employees50,000
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)0.14
Shares Outstanding599,626,300
10 Day Avg. Volume289,857
30 Day Avg. Volume350,472
Financial Highlights & Ratios
PEG Ratio0.42
Price to Book (P/B)0.52
Price to Sales (P/S)0.54
P/FCF Ratio7.39
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
ÂŁ340.00Price Target Upside33.33% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.31
Revenue Forecast (FY)ÂŁ2.81B
Mitchells & Butlers Business Overview & Revenue Model
Company Description
Mitchells & Butlers plc manages pubs, bars, and restaurants in the United Kingdom and Germany. The company operates its pubs and restaurants under the Alex, All Bar One, Browns, Castle, Ember Inns, Harvester, Innkeeper's Lodge, Miller & Carter, Ni...
How the Company Makes Money
Mitchells & Butlers generates revenue primarily through food and beverage sales within its establishments. The company’s revenue model is driven by multiple key streams, including sales from its restaurants and pubs, which serve a variety of alcoh...
Mitchells & Butlers Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.71B | 2.61B | 2.50B | 2.21B | 1.06B |
| Gross Profit | 327.00M | 996.00M | 358.00M | 764.00M | 60.00M |
| EBITDA | 473.00M | 438.00M | 235.00M | 255.00M | 218.00M |
| Net Income | 177.00M | 149.00M | -4.00M | 13.00M | -65.00M |
Balance Sheet | |||||
| Total Assets | 5.39B | 5.25B | 4.80B | 4.95B | 5.21B |
| Cash, Cash Equivalents and Short-Term Investments | 216.00M | 176.00M | 126.00M | 207.00M | 252.00M |
| Total Debt | 1.51B | 1.63B | 1.79B | 1.95B | 2.06B |
| Total Liabilities | 2.58B | 2.68B | 2.67B | 2.81B | 3.10B |
| Stockholders Equity | 2.82B | 2.57B | 2.13B | 2.14B | 2.10B |
Cash Flow | |||||
| Free Cash Flow | 199.00M | 232.00M | 91.00M | 116.00M | -8.00M |
| Operating Cash Flow | 368.00M | 386.00M | 248.00M | 238.00M | 25.00M |
| Investing Cash Flow | -179.00M | -154.00M | -165.00M | -118.00M | -32.00M |
| Financing Cash Flow | -173.00M | -170.00M | -169.00M | -159.00M | 77.00M |
Mitchells & Butlers Technical Analysis
Negative
255.00
Price Trends
276.74
Negative
268.03
Negative
266.81
Negative
Market Momentum
-7.49
Positive
29.68
Positive
42.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MAB, the sentiment is Negative. The current price of 255 is below the 20-day moving average (MA) of 273.18, below the 50-day MA of 276.74, and below the 200-day MA of 266.81, indicating a bearish trend. The MACD of -7.49 indicates Positive momentum. The RSI at 29.68 is Positive, neither overbought nor oversold. The STOCH value of 42.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:MAB.
Mitchells & Butlers Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ÂŁ346.25M | 5.12 | 4.99% | 2.81% | 6.94% | 9.99% | |
67 Neutral | ÂŁ427.35M | 5.72 | 1.48% | 3.20% | 12.91% | -13.62% | |
66 Neutral | £1.51B | 8.30 | 6.46% | ― | 3.87% | 18.31% | |
66 Neutral | £328.43M | 3.47 | 9.91% | ― | -0.08% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | ÂŁ590.70M | 8.99 | 18.03% | 1.50% | 4.52% | 50.39% | |
48 Neutral | ÂŁ1.35B | -18.43 | -59.21% | 2.50% | 5.98% | -371.14% |
* Consumer Cyclical Sector Average
GB:MAB
Mitchells & Butlers
255.00
44.00
20.85%
GB:FSTA
Fuller Smith & Turner
650.00
139.07
27.22%
GB:MARS
Marston's
51.90
17.75
51.98%
GB:SSPG
SSP Group plc
172.70
26.29
17.95%
GB:JDW
J D Wetherspoon
574.50
31.55
5.81%
GB:YNGA
Young & Co'S Brewery
740.00
16.80
2.32%
Mitchells & Butlers Corporate Events
Other
Mitchells & Butlers Executives Add Shares Through Incentive Plan
Positive
Mar 2, 2026
Mitchells Butlers has disclosed that directors Phil Urban and Tim Jones, along with PDMR Andrew Freeman, each acquired 46 ordinary shares in the company through the firm’s Share Incentive Plan. The purchases, executed by the SIP trustee on ...
Regulatory Filings and Compliance
Mitchells & Butlers Confirms Share Capital and Voting Rights Totals
Neutral
Feb 27, 2026
Mitchells Butlers has confirmed that, as of 27 February 2026, its issued share capital comprises 599,607,697 ordinary shares, with no shares held in treasury, establishing the total number of voting rights at the same figure. This disclosure clar...
Regulatory Filings and Compliance
Mitchells & Butlers Discloses PDMR Sale of 60,000 Shares
Neutral
Feb 13, 2026
Mitchells Butlers has disclosed a market sale of 60,000 ordinary shares in the company by person discharging managerial responsibilities Andrew Freeman. The transaction, executed on 12 February 2026 on the London Stock Exchange at a price of 286....
Executive/Board Changes
Mitchells & Butlers Sets April Start Date for New CFO Emma Harris
Positive
Feb 11, 2026
Mitchells Butlers has confirmed that Emma Harris will take up the role of Chief Financial Officer and join the board as an executive director on 20 April 2026, succeeding current CFO Tim Jones. The company plans a full handover before confirming ...
Other
Mitchells & Butlers Directors Increase Holdings Through Share Incentive Plan
Positive
Feb 2, 2026
Mitchells Butlers has disclosed small share purchases in the company by three senior figures under its Share Incentive Plan, signaling continued alignment of management interests with those of shareholders. On 30 January 2026, Chief Executive Phi...
Regulatory Filings and Compliance
Mitchells & Butlers Confirms Total Voting Rights and Share Capital
Neutral
Jan 30, 2026
Mitchells Butlers has confirmed that its issued share capital comprises 599,582,466 ordinary shares, with no shares held in treasury. The announcement sets the total number of voting rights at 599,582,466, providing shareholders with the denomina...
Business Operations and StrategyStock BuybackShareholder Meetings
Mitchells & Butlers AGM Resolutions Pass Amid Shareholder Scrutiny of Board
Neutral
Jan 29, 2026
Mitchells Butlers reported that all resolutions at its 2026 annual general meeting were approved by shareholders on a poll, including the receipt of accounts, approval of the remuneration report, reappointment and pay of the auditor, authority to...
Business Operations and StrategyFinancial Disclosures
Mitchells & Butlers Delivers Record Festive Trading and Outperforms Market in First Quarter
Positive
Jan 15, 2026
Mitchells Butlers reported a strong first quarter, with like-for-like sales up 4.5% over the 15 weeks to 10 January 2026 and total sales up 3.5%, significantly outperforming the broader market. Festive trading was particularly robust, with like-f...
Business Operations and StrategyFinancial Disclosures
Mitchells & Butlers Sets Date for First-Quarter Trading Update
Neutral
Jan 12, 2026
Mitchells Butlers has announced that it will publish its first-quarter trading update for the 15 weeks to 10 January 2026 on 15 January 2026, providing investors and analysts with an early look at current trading trends across its extensive hospi...
Other
Mitchells & Butlers Directors Increase Holdings Through Share Incentive Plan
Positive
Jan 5, 2026
Mitchells Butlers has disclosed that three senior figures – chief executive Phil Urban, finance director Tim Jones and PDMR Andrew Freeman – have each acquired 53 ordinary shares in the company through the firm’s Share Incentive...
Regulatory Filings and Compliance
Mitchells & Butlers Confirms Total Voting Rights at Start of 2026
Neutral
Jan 2, 2026
Mitchells Butlers plc has confirmed that, as of 1 January 2026, its issued share capital comprises 599,527,366 ordinary shares, with no shares held in treasury. This places the total number of voting rights at 599,527,366, a figure that sharehold...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Mitchells & Butlers Files 2025 Annual Report and Sets Date for 2026 AGM
Neutral
Dec 18, 2025
Mitchells Butlers has published its Annual Report and Accounts for 2025 and the Notice of its 2026 Annual General Meeting, filing both documents with the UK National Storage Mechanism and making them available on its website. The AGM will take pl...
Executive/Board ChangesRegulatory Filings and Compliance
Mitchells & Butlers Directors’ Share Vesting and Transactions
Neutral
Dec 15, 2025
Mitchells Butlers plc announced the vesting of shares under its Short Term Deferred Incentive Plan (STDIP) for key directors and a PDMR. On December 12, 2025, Phil Urban and Tim Jones, both directors, and Andrew Freeman, a PDMR, had their shares ...
Regulatory Filings and Compliance
Mitchells & Butlers Directors Exercise Share Options in Line with Policy
Neutral
Dec 12, 2025
Mitchells Butlers plc announced the exercise of share options by its directors and a PDMR under the company’s Restricted Share Plan. Phil Urban and Tim Jones, both directors, exercised options over a significant number of shares, selling a ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.