Michelmersh Brick Holdings PLC (GB:MBH)
LSE:MBH
Top Page
Michelmersh Brick Holdings
(LSE:MBH)
Select Model
Select Model
Rating:62Neutral
Price Target:
76.00 p
▼(-9.52% Downside)
Action:DowngradedDate: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
Very low leverage provides durable financial flexibility: it reduces refinancing and interest-rate risk, preserves capacity to fund maintenance capex or opportunistic investments, and supports continued dividend policy through cyclical downturns without large liquidity strain.
Negative Factors
Margin Compression
Sharp margin erosion materially reduces the firm's earnings power and long-term cash generation. Unless structural cost or pricing pressures are addressed, compressed margins will limit reinvestment, weaken returns, and make dividends and capital allocation harder to sustain over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low leverage provides durable financial flexibility: it reduces refinancing and interest-rate risk, preserves capacity to fund maintenance capex or opportunistic investments, and supports continued dividend policy through cyclical downturns without large liquidity strain.
Read all positive factors
Michelmersh Brick Holdings (MBH) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£64.37M
Dividend Yield5.35%
Average Volume (3M)197.78K
Price to Earnings (P/E)21.1
Beta (1Y)0.61
Revenue Growth-0.29%
EPS Growth-33.41%
CountryUK
Employees445
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)N/A
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
£125.00Price Target Upside48.81% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.08
Revenue Forecast (FY)£71.90M
Michelmersh Brick Holdings Business Overview & Revenue Model
Company Description
Michelmersh Brick Holdings plc, through its subsidiaries, engages in the manufacture and sale of bricks, tiles, and building products in the United Kingdom and Europe. It offers extruded wire cut facing bricks, clay pavers, paving accessories, and...
How the Company Makes Money
MBH makes money by manufacturing and selling clay building products—primarily bricks—into the UK construction supply chain. Revenue is generated from the sale of its products to customers such as builders, contractors, developers, and building-mat...
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
Negative
84.00
Price Trends
83.19
Negative
83.87
Negative
91.11
Negative
Market Momentum
-4.02
Positive
30.78
Neutral
53.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MBH, the sentiment is Negative. The current price of 84 is above the 20-day moving average (MA) of 76.10, above the 50-day MA of 83.19, and below the 200-day MA of 91.11, indicating a bearish trend. The MACD of -4.02 indicates Positive momentum. The RSI at 30.78 is Neutral, neither overbought nor oversold. The STOCH value of 53.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | £1.05B | 13.59 | 7.14% | 4.47% | 7.83% | -7.40% | |
62 Neutral | £64.37M | 21.11 | 3.91% | 5.35% | -0.29% | -33.41% | |
62 Neutral | £331.79M | 23.01 | 7.33% | 2.13% | 15.99% | 96.05% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | £1.32B | 17.54 | 10.11% | ― | 32.27% | ― | |
53 Neutral | £361.91M | 11.50 | 2.91% | 4.18% | 1.31% | 10.19% | |
48 Neutral | £411.48M | 179.13 | 0.79% | 2.39% | 5.58% | 66.49% |
* Basic Materials Sector Average
GB:MBH
Michelmersh Brick Holdings
71.00
-17.41
-19.70%
GB:FORT
Forterra
158.60
1.79
1.14%
GB:IBST
Ibstock
104.20
-46.34
-30.78%
GB:MSLH
Marshalls
143.80
-83.69
-36.79%
GB:SRC
SigmaRoc
118.40
34.60
41.29%
GB:BREE
Breedon
303.60
-100.39
-24.85%
Michelmersh Brick Holdings Corporate Events
Business Operations and StrategyExecutive/Board ChangesStock BuybackDividendsFinancial Disclosures
Michelmersh Profits Hit by Market Headwinds but Backs 2026 Growth with Investment and Buybacks
Negative
Mar 24, 2026
Michelmersh Brick Holdings reported a 1.7% fall in 2025 revenue to £68.9m, with adjusted operating profit down 16.8% as UK and European market weakness, operational disruptions from a longer shutdown at Carlton, and the relocation and closure...
Business Operations and StrategyFinancial Disclosures
Michelmersh Brick Sets Date for 2025 Results and Investor Webcasts
Positive
Mar 5, 2026
Michelmersh Brick Holdings will publish its final results for the year to 31 December 2025 on 24 March 2026 and is arranging virtual briefings for the market. Management will host an online presentation and QA for analysts that morning, followed b...
Regulatory Filings and Compliance
Michelmersh Brick Holdings Reports No Changes to Employee Share Scheme Allotments
Neutral
Feb 10, 2026
Michelmersh Brick Holdings has reported that there were no changes in the number of securities allotted under its Save As You Earn Scheme and Long Term Incentive Plan during the period from 22 July 2025 to 21 January 2026. The balances of unallott...
Executive/Board Changes
Michelmersh CEO Exercises LTIP Options and Reorganises Family Shareholding
Neutral
Feb 5, 2026
Michelmersh Brick Holdings announced that chief executive Ryan Mahoney has exercised 894,638 nil-cost options under the company’s Long Term Incentive Plan on a cashless basis, resulting in the net issuance of 474,158 ordinary shares from the...
Business Operations and StrategyRegulatory Filings and Compliance
Michelmersh Brick Boosts Employee Trust Holding in Treasury Share Move
Neutral
Feb 3, 2026
Michelmersh Brick Holdings has arranged for its Employee Benefit Trust to purchase 357,427 ordinary shares from treasury at the prevailing market price of 84 pence per share, taking the trust’s holding to 1,243,627 shares, or about 1.4% of t...
Stock BuybackRegulatory Filings and Compliance
Michelmersh Brick Holdings Completes Share Buyback Programme and Updates Voting Rights
Neutral
Jan 2, 2026
Michelmersh Brick Holdings has completed a further share repurchase under its previously announced buyback programme, purchasing 16,548 ordinary shares at 85.50 pence each on 31 December 2025 via the London Stock Exchange. The repurchased shares w...
Business Operations and StrategyStock Buyback
Michelmersh Brick Buys Back 20,000 Shares for Treasury
Positive
Dec 31, 2025
Michelmersh Brick Holdings has repurchased 20,000 of its own ordinary shares on the London Stock Exchange at 85.50 pence per share under its previously announced share buyback programme, with the shares to be held in treasury. Following this trans...
Stock Buyback
Michelmersh Continues Share Buyback, Increasing Treasury Stock
Positive
Dec 30, 2025
Michelmersh Brick Holdings has repurchased 18,000 of its own ordinary shares at 86.5 pence each on the London Stock Exchange under its ongoing share buyback programme, with the shares to be held in treasury. Following this transaction, the company...
Business Operations and StrategyStock Buyback
Michelmersh Continues Share Buyback with 30,000-Share Treasury Purchase
Positive
Dec 29, 2025
Michelmersh Brick Holdings has repurchased 30,000 of its own ordinary shares at 86.50 pence each on the London Stock Exchange as part of its ongoing share buyback programme, with the shares to be held in treasury. Following this transaction, the c...
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.