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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 | £44.67M | 7.80 | 12.08% | 11.65% | -3.45% | -44.02% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | £112.11M | 17.99 | 10.01% | 5.24% | 6.97% | -18.59% | |
52 Neutral | £60.03M | -0.70 | -41.98% | ― | -38.64% | -792.57% | |
49 Neutral | £41.41M | 22.38 | ― | ― | -7.27% | ― | |
48 Neutral | £13.30M | 153.17 | 0.17% | ― | -3.72% | ― | |
47 Neutral | £33.23M | -0.73 | -19.28% | ― | -11.65% | -273.57% |
Macfarlane Corporate Events
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.
Macfarlane Group PLC has continued its previously announced share buyback programme with the purchase and cancellation of 60,000 ordinary shares at 72.18 pence each on 19 December 2025, executed through Shore Capital Stockbrokers. Following this transaction, the group’s issued share capital now comprises 157,214,491 ordinary shares with no shares held in treasury, setting the new total voting rights figure that shareholders must use when assessing disclosure thresholds under the FCA’s transparency rules and marginally enhancing existing investors’ proportional ownership.
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.
Macfarlane Group PLC announced the purchase and cancellation of 60,000 ordinary shares as part of its share buyback program, impacting the company’s total voting rights and issued share capital. This move is part of Macfarlane’s strategy to manage its capital structure, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.
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.
Macfarlane Group PLC has announced the purchase and cancellation of 60,000 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Shore Capital Stockbrokers Limited, results in a total issued share capital of 157,334,491 ordinary shares, impacting the company’s total voting rights and potentially affecting shareholder interests under the FCA’s Disclosure Guidance and Transparency Rules.
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.