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Michelmersh Brick Holdings
(LSE:MBH)
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Rating:62Neutral
Price Target:
84.00 p
▲(0.00% Upside)
Action:Downgraded
Date:03/26/26
The score is supported primarily by a very strong, low-debt balance sheet and an attractive dividend yield. Offsetting this are materially weaker profitability and cash-flow conversion in 2025 and a clearly bearish technical setup with the price below key moving averages and negative momentum indicators.
Positive Factors
Low leverage / strong balance sheet
Very low debt-to-equity (~0.05 in 2025) gives durable financial flexibility. Conservative leverage supports capital spending, working-capital swings and dividend policy through construction cycles, and reduces refinancing risk during downturns, preserving strategic optionality.
Negative Factors
Declining revenue
Consecutive revenue declines through 2024–2025 reduce scale benefits and hurt capacity utilisation. Lower top-line volumes weaken pricing leverage and can make fixed-cost absorption harder, limiting sustainable margin recovery and long-term growth prospects.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Very low debt-to-equity (~0.05 in 2025) gives durable financial flexibility. Conservative leverage supports capital spending, working-capital swings and dividend policy through construction cycles, and reduces refinancing risk during downturns, preserving strategic optionality.
Read all positive factors
Michelmersh Brick Holdings (MBH) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£71.62M
Dividend Yield5.35%
Average Volume (3M)197.78K
Price to Earnings (P/E)19.9
Beta (1Y)0.69
Revenue Growth-1.73%
EPS Growth-39.61%
CountryUK
Employees445
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)0.04
Shares Outstanding91,903,580
10 Day Avg. Volume181,109
30 Day Avg. Volume197,785
Financial Highlights & Ratios
PEG Ratio-0.54
Price to Book (P/B)0.83
Price to Sales (P/S)1.12
P/FCF Ratio99.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£130.00Price Target Upside54.76% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.08
Revenue Forecast (FY)£69.85M
Michelmersh Brick Holdings Business Overview & Revenue Model
Company Description
Michelmersh Brick Holdings plc operates through its subsidiaries, focusing on the production and distribution of bricks, tiles, and a range of construction materials throughout the United Kingdom and Europe. The company offers an extensive product...
How the Company Makes Money
MBH makes money primarily by manufacturing and selling clay bricks and related clay building products to customers in the UK construction supply chain. Its core revenue stream is product sales: it extracts and processes clay, manufactures bricks (...
Michelmersh Brick Holdings Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
88
Very Positive
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 68.89M | 70.11M | 77.34M | 68.38M | 59.52M |
| Gross Profit | 22.38M | 25.13M | 30.06M | 25.78M | 22.96M |
| EBITDA | 9.90M | 13.71M | 18.06M | 16.67M | 14.71M |
| Net Income | 3.65M | 6.10M | 9.66M | 8.88M | 6.13M |
Balance Sheet | |||||
| Total Assets | 125.02M | 126.96M | 123.98M | 123.31M | 112.69M |
| Cash, Cash Equivalents and Short-Term Investments | 1.29M | 6.00M | 10.96M | 10.60M | 8.47M |
| Total Debt | 4.49M | 2.26M | 1.44M | 1.28M | 1.39M |
| Total Liabilities | 31.98M | 31.03M | 31.13M | 34.34M | 27.57M |
| Stockholders Equity | 93.04M | 95.93M | 92.84M | 88.97M | 85.12M |
Cash Flow | |||||
| Free Cash Flow | 771.00K | 2.25M | 7.71M | 14.75M | 9.12M |
| Operating Cash Flow | 6.32M | 7.86M | 10.83M | 17.78M | 13.35M |
| Investing Cash Flow | -5.42M | -5.60M | -2.01M | -9.10M | -4.23M |
| Financing Cash Flow | -5.33M | -7.16M | -8.50M | -6.29M | -12.68M |
Michelmersh Brick Holdings Technical Analysis
Positive
84.00
Price Trends
74.25
Positive
76.04
Positive
79.63
Negative
Market Momentum
1.17
Positive
63.21
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MBH, the sentiment is Positive. The current price of 84 is above the 20-day moving average (MA) of 78.40, above the 50-day MA of 74.25, and above the 200-day MA of 79.63, indicating a neutral trend. The MACD of 1.17 indicates Positive momentum. The RSI at 63.21 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:MBH.
Michelmersh Brick Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | £1.08B | 12.72 | 7.14% | 4.47% | 8.72% | -13.66% | |
62 Neutral | £71.62M | 19.95 | 3.91% | 5.35% | -1.73% | -39.61% | |
62 Neutral | £288.89M | 17.10 | 7.33% | 2.13% | 12.11% | -3.00% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | £1.46B | 17.72 | 10.11% | ― | 7.62% | 248.33% | |
57 Neutral | £382.55M | 38.58 | 2.17% | 4.18% | 2.08% | -53.51% | |
48 Neutral | £378.62M | 121.41 | 0.79% | 2.39% | 1.61% | -79.69% |
* Basic Materials Sector Average
GB:MBH
Michelmersh Brick Holdings
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-21.13
-21.10%
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Michelmersh Brick Holdings Corporate Events
Business Operations and StrategyStock BuybackDividendsShareholder Meetings
Michelmersh shareholders back all AGM resolutions, approve dividend and capital authorities
Positive
May 21, 2026
Specialist brick manufacturer Michelmersh Brick Holdings, which operates several leading UK premium brick brands and produces over 120 million clay bricks and pavers a year, has evolved into an asset-rich, sustainability-focused group with integra...
Executive/Board Changes
Michelmersh awards CEO performance‑linked share options under 2026 LTIP
Positive
May 7, 2026
Michelmersh Brick Holdings, the AIM‑quoted specialist brick manufacturer, has awarded its chief executive Ryan Mahoney options over 443,704 ordinary shares under its 2026 Long Term Incentive Plan grant. The nil‑cost options are structu...
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.