Michelmersh Brick Holdings PLC (GB:MBH)
LSE:MBH
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Michelmersh Brick Holdings
(LSE:MBH)
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Rating:62Neutral
Price Target:
83.00 p
▼(-1.19% 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
Very low leverage
Extremely low debt provides durable financial flexibility: it reduces interest burden, preserves headroom for capex or cyclical support, and allows management to maintain dividends or pursue selective M&A without refinancing stress. This structural balance-sheet strength supports resilience across business cycles.
Negative Factors
Revenue decline
Consecutive-year revenue declines indicate weakening end-market demand or loss of share, eroding the foundation for future profit recovery. Lower top-line reduces operating leverage, limits scope for reinvestment, and makes it harder to absorb fixed costs—risks that persist absent a clear structural demand recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Extremely low debt provides durable financial flexibility: it reduces interest burden, preserves headroom for capex or cyclical support, and allows management to maintain dividends or pursue selective M&A without refinancing stress. This structural balance-sheet strength supports resilience across business cycles.
Read all positive factors
Michelmersh Brick Holdings (MBH) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£67.54M
Dividend Yield5.35%
Average Volume (3M)197.78K
Price to Earnings (P/E)14.3
Beta (1Y)0.66
Revenue Growth-1.73%
EPS Growth-39.61%
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
Neutral
84.00
Price Trends
81.37
Negative
83.06
Negative
89.60
Negative
Market Momentum
-1.23
Negative
56.06
Neutral
77.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MBH, the sentiment is Neutral. The current price of 84 is above the 20-day moving average (MA) of 73.15, above the 50-day MA of 81.37, and below the 200-day MA of 89.60, indicating a neutral trend. The MACD of -1.23 indicates Negative momentum. The RSI at 56.06 is Neutral, neither overbought nor oversold. The STOCH value of 77.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | £1.07B | 13.59 | 7.14% | 4.47% | 8.72% | -13.66% | |
62 Neutral | £67.54M | 14.26 | 3.91% | 5.35% | -1.73% | -39.61% | |
62 Neutral | £332.31M | 23.01 | 7.33% | 2.13% | 12.11% | -3.00% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | £1.40B | 17.54 | 10.11% | ― | 7.62% | 248.33% | |
53 Neutral | £342.54M | 11.50 | 2.91% | 4.18% | 2.08% | -53.51% | |
48 Neutral | £417.40M | 179.13 | 0.79% | 2.39% | 1.61% | -79.69% |
* Basic Materials Sector Average
GB:MBH
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Michelmersh Brick Holdings Corporate Events
Financial DisclosuresShareholder Meetings
Michelmersh Brick Publishes 2025 Annual Report and Sets May AGM
Neutral
Apr 2, 2026
Michelmersh Brick Holdings, the AIM-quoted specialist brick manufacturer behind six premium UK brands, has released its Annual Report and Accounts for the year to 31 December 2025, along with the notice of its 2026 Annual General Meeting. The docu...
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...
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.