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Macfarlane
(LSE:MACF)
Macfarlane (MACF) vs. iShares MSCI United Kingdom ETF (EWC)
Macfarlane Business Overview & Revenue Model
Macfarlane Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 300.81M | 270.44M | 280.71M | 290.43M | 264.46M |
| Gross Profit | 112.17M | 105.37M | 105.68M | 98.06M | 89.47M |
| EBITDA | 30.56M | 38.96M | 36.19M | 34.30M | 31.73M |
| Net Income | 6.32M | 15.53M | 14.97M | 15.64M | 12.60M |
Balance Sheet | |||||
| Total Assets | 277.79M | 246.93M | 221.23M | 216.16M | 216.17M |
| Cash, Cash Equivalents and Short-Term Investments | 14.38M | 12.93M | 7.69M | 5.71M | 12.31M |
| Total Debt | 138.28M | 57.72M | 43.34M | 43.71M | 44.78M |
| Total Liabilities | 157.23M | 123.66M | 106.65M | 110.14M | 121.27M |
| Stockholders Equity | 120.56M | 123.27M | 114.58M | 106.02M | 94.89M |
Cash Flow | |||||
| Free Cash Flow | 20.21M | 22.50M | 31.33M | 14.71M | 21.67M |
| Operating Cash Flow | 24.78M | 25.43M | 33.51M | 18.00M | 23.80M |
| Investing Cash Flow | -17.36M | -13.48M | -16.55M | -11.59M | -8.96M |
| Financing Cash Flow | -5.96M | -6.01M | -15.32M | -13.18M | -7.94M |
Macfarlane Technical Analysis
Macfarlane Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | £37.54M | 8.53 | 12.14% | 11.65% | -3.45% | -44.02% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | £97.79M | 18.07 | 5.20% | 5.24% | 6.97% | -18.59% | |
52 Neutral | £50.98M | -3.03 | -43.73% | ― | -38.64% | -792.57% | |
49 Neutral | £33.22M | 29.31 | -17.36% | ― | -7.27% | ― | |
48 Neutral | £12.75M | -1.63 | 0.16% | ― | -3.72% | ― | |
47 Neutral | £34.51M | -0.69 | -26.39% | ― | -11.65% | -273.57% |
Macfarlane Corporate Events
Macfarlane Group PLC has continued its previously announced share buyback programme, repurchasing 125,000 ordinary shares at 64.648 pence each for cancellation. The move reduces the company’s share count and leaves its issued share capital at 156,536,491 ordinary shares, a change that adjusts total voting rights and may influence shareholder disclosures under UK transparency rules.
By cancelling the repurchased shares rather than holding them in treasury, Macfarlane marginally increases the proportional ownership of remaining shareholders. The transaction underscores the group’s ongoing capital management strategy, potentially signalling confidence in its financial position while refining its capital structure within the competitive packaging sector.
The most recent analyst rating on (GB:MACF) stock is a Hold with a £64.00 price target. To see the full list of analyst forecasts on Macfarlane stock, see the GB:MACF Stock Forecast page.
Macfarlane Group PLC has repurchased 100,000 of its own ordinary shares at 66.616 pence each as part of its ongoing share buyback programme, and these shares will be cancelled. Following this transaction, the company’s issued share capital and total voting rights stand at 156,661,491 shares, a change that investors can use when assessing disclosure thresholds under FCA transparency rules.
The buyback slightly reduces Macfarlane’s share count, which can enhance earnings per share and may signal management’s confidence in the business and its capital position. The updated voting rights figure also provides clarity for shareholders and potential investors monitoring their holdings relative to regulatory reporting requirements.
The most recent analyst rating on (GB:MACF) stock is a Hold with a £82.00 price target. To see the full list of analyst forecasts on Macfarlane stock, see the GB:MACF Stock Forecast page.
Macfarlane Group PLC has executed a further tranche of its ongoing share buyback programme, purchasing 75,000 ordinary shares at 69.08 pence each for cancellation on 6 March 2026. The move continues the company’s capital management strategy while marginally increasing existing shareholders’ proportional ownership and potentially supporting earnings per share.
Following the cancellation of these shares, Macfarlane’s issued share capital now comprises 156,761,491 ordinary shares, with no shares held in treasury and an equal number of total voting rights. The updated voting rights figure provides an important reference point for investors assessing disclosure thresholds under the UK Financial Conduct Authority’s transparency rules.
The most recent analyst rating on (GB:MACF) stock is a Hold with a £82.00 price target. To see the full list of analyst forecasts on Macfarlane stock, see the GB:MACF Stock Forecast page.
Macfarlane Group PLC has disclosed a series of share transactions by senior figures, including share purchases by chair Aleen Gulvanessian and non-executive director David Stirling, alongside ISA-related transfers by non-executive director Laura Whyte and company secretary James Macdonald. The dealings, all executed on 2 March 2026 on the London Stock Exchange, collectively signal continued equity participation and tax-efficient holdings by the board and management, and are reported in line with Market Abuse Regulation requirements for transactions by persons discharging managerial responsibilities.
The activity underscores ongoing alignment between Macfarlane’s leadership and shareholders, with directors increasing or restructuring their personal stakes rather than exiting positions. For investors, the moves may be read as a vote of confidence in the company’s prospects as it continues to leverage its leading position in UK and European protective packaging distribution and manufacturing, though the transactions themselves are routine in nature and primarily administrative for ISA planning in some cases.
The most recent analyst rating on (GB:MACF) stock is a Hold with a £82.00 price target. To see the full list of analyst forecasts on Macfarlane stock, see the GB:MACF Stock Forecast page.
Macfarlane Group PLC is a long-established participant in the UK packaging industry, listed on the main market of the London Stock Exchange since 1973. Through its Packaging Distribution and Manufacturing Operations divisions, the Glasgow-headquartered group supplies high-quality protective packaging solutions to over 20,000 mainly UK and European customers.
The company distributes and manufactures more than 600,000 product lines in partnership with 1,700 suppliers, serving sectors from retail e-commerce and consumer goods to electronics, defence, medical, automotive and aerospace. It employs more than 1,000 staff across 43 sites in the UK, Ireland, Germany and the Netherlands, focusing on cost-efficient, sustainable packaging and brand-enhancing solutions for a broad industrial client base.
Macfarlane has continued its previously announced share buyback programme with the purchase and cancellation of 65,000 ordinary shares at 71.59 pence each on 27 February 2026. Following this transaction, the company’s issued share capital comprises 156,836,491 ordinary shares, all carrying voting rights and with no shares held in treasury.
The reduction in share count modestly enhances earnings per share and clarifies the new baseline for investor disclosure obligations under the FCA’s transparency rules. The move underscores Macfarlane’s ongoing capital management strategy, potentially signalling confidence in the group’s prospects and offering incremental value to existing shareholders through a tighter equity base.
The most recent analyst rating on (GB:MACF) stock is a Hold with a £73.00 price target. To see the full list of analyst forecasts on Macfarlane stock, see the GB:MACF Stock Forecast page.
Macfarlane Group reported 2025 results showing revenue up 11% to £300.8m but a sharp decline in operating profit and earnings, hit by weaker Packaging Distribution demand, rising costs and the operational impact of a fatal incident at newly acquired corrugate manufacturer Pitreavie. Manufacturing Operations, supported by the Polyformes acquisition and strong defence and aerospace demand, performed more robustly, while the group maintained its dividend, advanced a £4m share buyback, managed net bank debt conservatively within a £40m facility and is preparing its pension scheme for a potential buy‑in.
Management has outlined 2026 priorities focused on restoring Packaging Distribution margins, recovering Pitreavie with a £1.2m equipment investment to restore capacity by Q2 2026, improving operational efficiency and refining sourcing to reduce input costs. Although acquisitions are paused in the near term, the board is working on a future pipeline and remains confident that executing these measures, alongside ongoing sustainability initiatives and customer support on new packaging regulations, will rebuild momentum despite a challenging market backdrop.
The most recent analyst rating on (GB:MACF) stock is a Hold with a 90 GBX price target. To see the full list of analyst forecasts on Macfarlane stock, see the GB:MACF Stock Forecast page.
Macfarlane Group reported 2025 results showing revenue up 11% to £300.8m but a sharp decline in operating profit and earnings, hit by weaker Packaging Distribution demand, rising costs and the operational impact of a fatal incident at newly acquired corrugate manufacturer Pitreavie. Manufacturing Operations, supported by the Polyformes acquisition and strong defence and aerospace demand, performed more robustly, while the group maintained its dividend, advanced a £4m share buyback, managed net bank debt conservatively within a £40m facility and is preparing its pension scheme for a potential buy‑in.
Management has outlined 2026 priorities focused on restoring Packaging Distribution margins, recovering Pitreavie with a £1.2m equipment investment to restore capacity by Q2 2026, improving operational efficiency and refining sourcing to reduce input costs. Although acquisitions are paused in the near term, the board is working on a future pipeline and remains confident that executing these measures, alongside ongoing sustainability initiatives and customer support on new packaging regulations, will rebuild momentum despite a challenging market backdrop.
The most recent analyst rating on (GB:MACF) stock is a Hold with a 90 GBX price target. To see the full list of analyst forecasts on Macfarlane stock, see the GB:MACF Stock Forecast page.
Macfarlane Group PLC, a long-established UK and European protective packaging specialist listed on the London Stock Exchange, operates through distribution and manufacturing divisions serving more than 20,000 customers. Headquartered in Glasgow, it runs 43 sites and works with 1,700 suppliers to provide over 600,000 packaging lines that support supply chain efficiency, sustainability and brand presentation.
The company has continued its ongoing share buyback programme by purchasing and cancelling 68,000 ordinary shares at 74.02 pence each on 20 February 2026. Following this transaction, Macfarlane’s issued share capital and total voting rights stand at 156,901,491 shares, a change that slightly concentrates existing shareholders’ ownership and may support capital efficiency metrics.
The buyback was executed via Shore Capital Stockbrokers on the London Stock Exchange’s main market. The updated share count provides the new reference point for investors and regulators when assessing disclosure thresholds and changes in significant shareholdings under UK transparency rules.
The most recent analyst rating on (GB:MACF) stock is a Hold with a £73.00 price target. To see the full list of analyst forecasts on Macfarlane stock, see the GB:MACF Stock Forecast page.
Macfarlane Group PLC, headquartered in Glasgow and employing over 1,000 people at 43 sites in the UK and continental Europe, is a leading distributor and manufacturer of protective packaging. Working with around 1,700 suppliers and handling over 600,000 product lines, it focuses on helping business customers cut supply chain costs, improve efficiency and sustainability, and enhance brand presentation.
The group has continued its ongoing share buyback programme, purchasing 55,000 ordinary shares for cancellation at 73.44 pence each on 13 February 2026 through Shore Capital Stockbrokers. Following this transaction, Macfarlane’s issued share capital stands at 156,969,491 ordinary shares, all carrying voting rights, a change that marginally consolidates existing shareholders’ stakes and may slightly enhance earnings per share while informing investors’ disclosure threshold calculations under FCA rules.
The most recent analyst rating on (GB:MACF) stock is a Hold with a £73.00 price target. To see the full list of analyst forecasts on Macfarlane stock, see the GB:MACF Stock Forecast page.
Macfarlane Group PLC, a London-listed specialist in protective packaging, operates two main divisions: Packaging Distribution, the leading UK distributor of protective packaging products, and Manufacturing Operations, which designs and produces solutions for high-value and fragile items. Serving more than 20,000 customers across multiple sectors in the UK and Europe, the Glasgow-headquartered group employs over 1,200 people at 42 sites and collaborates with more than 2,000 suppliers to help clients cut supply chain costs, improve efficiency and enhance sustainability.
The company has announced that it will publish its results for the year ended 31 December 2025 on 26 February 2026, followed by a live online investor presentation on 3 March 2026 hosted by chief executive Peter Atkinson and finance director Ivor Gray. The event, accessible via the Investor Meet Company platform to both existing and potential shareholders, underlines Macfarlane’s efforts to maintain active engagement with the investment community and provide transparency around its performance and strategic direction.
The most recent analyst rating on (GB:MACF) stock is a Hold with a £73.00 price target. To see the full list of analyst forecasts on Macfarlane stock, see the GB:MACF Stock Forecast page.
Macfarlane Group PLC has executed another tranche of its ongoing share buyback programme, repurchasing 50,000 ordinary shares at 71.84 pence each for cancellation. The move slightly reduces the company’s equity base while reaffirming management’s capital allocation strategy and may be interpreted as a signal of confidence in the business by returning surplus capital to shareholders.
Following this latest transaction, Macfarlane’s issued share capital now stands at 157,054,491 ordinary shares, all of which carry voting rights and none of which are held in treasury. The updated share count provides a new reference point for investors monitoring their notifiable holdings under UK disclosure rules and marginally enhances existing shareholders’ proportional ownership and voting power.
The most recent analyst rating on (GB:MACF) stock is a Hold with a £73.00 price target. To see the full list of analyst forecasts on Macfarlane stock, see the GB:MACF Stock Forecast page.
Macfarlane Group PLC has continued its previously announced share buyback programme with the purchase and cancellation of 40,000 ordinary shares on 30 January 2026 at a price of 71.705 pence per share, executed via Shore Capital Stockbrokers. Following this transaction, the company’s issued share capital stands at 157,074,491 ordinary shares, all carrying voting rights, clarifying the new total voting rights figure for shareholders monitoring their disclosure thresholds under FCA transparency rules and underlining the group’s active capital management strategy.
The most recent analyst rating on (GB:MACF) stock is a Hold with a £74.00 price target. To see the full list of analyst forecasts on Macfarlane stock, see the GB:MACF Stock Forecast page.
Macfarlane Group PLC has continued its previously announced share buyback programme with the purchase and cancellation of 40,000 ordinary shares at 71.47 pence each on 23 January 2026. Following this latest transaction, the company’s issued share capital stands at 157,114,491 ordinary shares, all carrying voting rights and with none held in treasury, a change that marginally increases existing shareholders’ proportional ownership and provides an updated denominator for investors monitoring disclosure thresholds under UK regulatory rules.
The most recent analyst rating on (GB:MACF) stock is a Hold with a £74.00 price target. To see the full list of analyst forecasts on Macfarlane stock, see the GB:MACF Stock Forecast page.
Macfarlane Group has continued its previously announced share buyback programme with the repurchase and cancellation of 30,000 ordinary shares on 16 January 2026 at a volume-weighted average price of 71.817 pence, executed through Shore Capital Stockbrokers. Following this transaction, the company’s issued share capital stands at 157,154,491 ordinary shares, all carrying voting rights, a change that marginally enhances earnings per share and adjusts the denominator used by investors for calculating disclosure thresholds under UK transparency rules.
The most recent analyst rating on (GB:MACF) stock is a Hold with a £73.00 price target. To see the full list of analyst forecasts on Macfarlane stock, see the GB:MACF Stock Forecast page.
Macfarlane Group PLC has bought back and cancelled 30,000 of its own ordinary shares at 72 pence per share as part of its ongoing share buyback programme, executed via Shore Capital Stockbrokers. Following this transaction, the company’s issued share capital now stands at 157,184,491 ordinary shares, all of which carry voting rights, providing an updated reference point for shareholders assessing their disclosure obligations under UK transparency rules and underscoring Macfarlane’s continued use of capital management tools to adjust its share base.
The most recent analyst rating on (GB:MACF) stock is a Buy with a £77.00 price target. To see the full list of analyst forecasts on Macfarlane stock, see the GB:MACF Stock Forecast page.