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Mitchells & Butlers
(LSE:MAB)
Mitchells & Butlers (MAB) vs. iShares MSCI United Kingdom ETF (EWC)
Mitchells & Butlers Business Overview & Revenue Model
Mitchells & Butlers Financial Statement Overview
| 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
Mitchells & Butlers Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ÂŁ375.66M | 5.12 | 4.82% | 2.81% | 6.94% | 9.99% | |
69 Neutral | ÂŁ715.86M | 13.44 | 17.81% | 1.50% | 4.52% | 50.39% | |
67 Neutral | ÂŁ479.65M | 5.72 | 1.46% | 3.20% | 12.91% | -13.62% | |
66 Neutral | £1.71B | 8.30 | 6.58% | ― | 3.87% | 18.31% | |
66 Neutral | £350.58M | 1.13 | 9.91% | ― | -0.08% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
48 Neutral | ÂŁ1.49B | -18.43 | -48.11% | 2.50% | 5.98% | -371.14% |
Mitchells & Butlers Corporate Events
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 27 February at £3.004895 per share on the London Stock Exchange, marginally increase senior management’s equity exposure and signal ongoing participation in employee share ownership schemes.
While the volumes involved are small in absolute terms, the coordinated share acquisitions by top executives underscore alignment of management interests with those of shareholders. The transactions form part of routine remuneration and incentive structures rather than a strategic shift, but they contribute incrementally to transparency around insider dealings and corporate governance at the pub and restaurant group.
The most recent analyst rating on (GB:MAB) stock is a Hold with a £325.00 price target. To see the full list of analyst forecasts on Mitchells & Butlers stock, see the GB:MAB Stock Forecast page.
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 clarifies the denominator shareholders must use when calculating whether they need to report holdings or changes in their stake under UK transparency rules, supporting regulatory compliance and market transparency around the company’s ownership structure.
The most recent analyst rating on (GB:MAB) stock is a Hold with a £322.00 price target. To see the full list of analyst forecasts on Mitchells & Butlers stock, see the GB:MAB Stock Forecast page.
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 286.5431 pence per share, reflects routine PDMR dealing and is formally notified to the market in line with regulatory disclosure requirements.
The sale does not in itself signal any stated change to the company’s strategy or outlook, but it provides transparency to shareholders regarding insider share dealings. Such notifications allow investors to monitor trading activity by senior personnel, which can influence perceptions of governance standards and confidence in the stock.
The most recent analyst rating on (GB:MAB) stock is a Hold with a £304.00 price target. To see the full list of analyst forecasts on Mitchells & Butlers stock, see the GB:MAB Stock Forecast page.
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 Jones’s departure date, signalling a managed transition in its senior finance leadership aimed at maintaining continuity in financial oversight and governance.
The board stated that no additional disclosures are required under the UK Listing Rules in connection with Harris’s appointment, suggesting there are no regulatory concerns or unusual terms related to the change. This orderly succession is likely to reassure investors and other stakeholders that the group’s financial management and strategic direction will remain stable during the leadership transition.
The most recent analyst rating on (GB:MAB) stock is a Hold with a £291.00 price target. To see the full list of analyst forecasts on Mitchells & Butlers stock, see the GB:MAB Stock Forecast page.
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 Phil Urban, Chief Financial Officer Tim Jones and PDMR Andrew Freeman each acquired around 52–53 ordinary shares at £2.629895 per share through purchases made by the plan’s trustee on the London Stock Exchange, transactions that, while modest in size, underscore the ongoing participation of top management in the company’s equity-based incentive arrangements.
The most recent analyst rating on (GB:MAB) stock is a Buy with a £355.00 price target. To see the full list of analyst forecasts on Mitchells & Butlers stock, see the GB:MAB Stock Forecast page.
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 denominator needed to assess whether they must disclose holdings or changes in their interests under UK disclosure and transparency regulations.
The most recent analyst rating on (GB:MAB) stock is a Buy with a £355.00 price target. To see the full list of analyst forecasts on Mitchells & Butlers stock, see the GB:MAB Stock Forecast page.
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 purchase its own shares and flexibility on shareholder meeting notice periods. All directors standing for re-election were returned, though notable minority opposition emerged to the re-election of chairman Bob Ivell and senior independent director Jane Moriarty, especially among independent shareholders, prompting the board to acknowledge governance concerns, reference its prior explanations in the latest annual report, and commit to continued engagement with investors over board composition and corporate governance practices.
The most recent analyst rating on (GB:MAB) stock is a Buy with a £355.00 price target. To see the full list of analyst forecasts on Mitchells & Butlers stock, see the GB:MAB Stock Forecast page.
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-for-like sales rising 7.7% over the core three-week festive period and 10.5% across the five key festive days, including a record Christmas Day. The company continues to invest heavily in its estate, completing 51 conversions and remodels year to date and citing encouraging returns from this capital programme. Management said this momentum, combined with its Ignite efficiency programme and brand strength, leaves the group confident in its ability to navigate about £130m of cost headwinds from higher labour and food costs this financial year while continuing to grow market share.
The most recent analyst rating on (GB:MAB) stock is a Hold with a £279.00 price target. To see the full list of analyst forecasts on Mitchells & Butlers stock, see the GB:MAB Stock Forecast page.
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 hospitality estate. The scheduled update is likely to offer insights into how the company’s diverse portfolio of pub, restaurant and hotel brands is performing in the current consumer and economic environment, and will be closely watched by stakeholders for indications of operational momentum and market positioning at the start of its financial year.
The most recent analyst rating on (GB:MAB) stock is a Hold with a £279.00 price target. To see the full list of analyst forecasts on Mitchells & Butlers stock, see the GB:MAB Stock Forecast page.
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 Plan. The partnership shares were purchased by the SIP trustee on 2 January 2026 at a price of £2.605 per share and traded on the London Stock Exchange, underscoring ongoing equity participation by the management team and aligning their interests further with shareholders.
The most recent analyst rating on (GB:MAB) stock is a Hold with a £276.00 price target. To see the full list of analyst forecasts on Mitchells & Butlers stock, see the GB:MAB Stock Forecast page.
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 shareholders must use as the reference point when assessing whether they are required to disclose changes in their shareholdings under UK disclosure and transparency regulations.
The most recent analyst rating on (GB:MAB) stock is a Hold with a £276.00 price target. To see the full list of analyst forecasts on Mitchells & Butlers stock, see the GB:MAB Stock Forecast page.
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 place at the company’s Birmingham Retail Support Centre on 29 January 2026, with physical copies of the Annual Report and AGM Notice being dispatched to shareholders who have opted for printed materials, and investors are directed to the previously released full-year results and the complete regulated disclosures contained in the newly filed report.
The most recent analyst rating on (GB:MAB) stock is a Hold with a £276.00 price target. To see the full list of analyst forecasts on Mitchells & Butlers stock, see the GB:MAB Stock Forecast page.
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 vested. Urban and Jones sold portions of their vested shares to cover tax and National Insurance obligations, aligning with the company’s shareholding policy. Freeman retained all vested shares. These transactions reflect the company’s adherence to its approved remuneration policy, ensuring compliance with tax obligations while maintaining shareholding requirements.
The most recent analyst rating on (GB:MAB) stock is a Hold with a £276.00 price target. To see the full list of analyst forecasts on Mitchells & Butlers stock, see the GB:MAB Stock Forecast page.
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 portion to cover tax and National Insurance liabilities, while retaining the remainder in line with company policy. Andrew Freeman, a PDMR, also exercised options, retaining all shares. These transactions reflect the company’s adherence to its remuneration and shareholding policies, ensuring alignment with stakeholder interests.
The most recent analyst rating on (GB:MAB) stock is a Hold with a £276.00 price target. To see the full list of analyst forecasts on Mitchells & Butlers stock, see the GB:MAB Stock Forecast page.
Mitchells & Butlers plc announced the purchase of partnership shares by the SIP Trustee for three of its directors and PDMR, Phil Urban, Tim Jones, and Andrew Freeman. Each transaction involved the acquisition of 52 ordinary shares at a price of £2.64 per share, conducted on the London Stock Exchange. This move reflects the company’s ongoing commitment to aligning the interests of its management with those of its shareholders, potentially enhancing stakeholder confidence.
The most recent analyst rating on (GB:MAB) stock is a Hold with a £340.00 price target. To see the full list of analyst forecasts on Mitchells & Butlers stock, see the GB:MAB Stock Forecast page.
Mitchells & Butlers announced the granting of options under its Performance Share Plan for the FY 2026-2028 cycle, involving key directors and personnel. The options are contingent on meeting specific performance conditions, including operating cash flow, EPS growth, and sustainability targets, reflecting the company’s strategic focus on financial performance and environmental responsibility.
The most recent analyst rating on (GB:MAB) stock is a Hold with a £340.00 price target. To see the full list of analyst forecasts on Mitchells & Butlers stock, see the GB:MAB Stock Forecast page.
Mitchells & Butlers announced the grant of conditional share awards to key directors and personnel under its Short-Term Deferred Incentive Plan. This move aligns with the company’s Remuneration Policy, deferring parts of annual bonuses into share awards for Phil Urban, Tim Jones, and Andrew Freeman. The awards, which will be released in two tranches over the next two years, aim to align the interests of the management with those of shareholders, potentially impacting the company’s operational focus and stakeholder relations positively.
The most recent analyst rating on (GB:MAB) stock is a Hold with a £340.00 price target. To see the full list of analyst forecasts on Mitchells & Butlers stock, see the GB:MAB Stock Forecast page.