Marshalls (MSLH) AI Stock Analysis

• Market Cap: £458.06M
• Dividend Yield: 4.18%
• Average Volume (3M): 919.41K
• Price to Earnings (P/E): 19.3
• Beta (1Y): 1.26
• Revenue Growth: 1.31%
• EPS Growth: 10.19%
• Country: UK
• Employees: 2,435
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction Materials
• EPS (TTM): 0.07
• Shares Outstanding: 252,968,730
• 10 Day Avg. Volume: 1,001,454
• 30 Day Avg. Volume: 919,408
• PEG Ratio: 0.38
• Price to Book (P/B): 1.13
• Price to Sales (P/S): 1.20
• P/FCF Ratio: 11.01
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: 190.00p ▲(4.40% Upside)

Marshalls' overall score reflects a generally positive financial performance with improved margins and cash flow. Technical indicators show mixed signals, with short-term bullish momentum but longer-term caution. The valuation is moderate, supported by a solid dividend yield. Corporate events, including leadership changes and insider share purchases, add a positive outlook.

Positive Factors

Margin Improvement

Improved margins suggest that Marshalls is managing costs effectively, enhancing profitability. This efficiency can lead to sustainable earnings growth and a stronger competitive position in the off-price retail market.

Cash Flow Management

Positive free cash flow growth indicates that Marshalls is effectively converting its income into cash, providing the company with the financial flexibility to invest in growth opportunities, manage debt, and return capital to shareholders.

Balance Sheet Health

A reduced debt-to-equity ratio enhances Marshalls' financial stability, lowering financial risk and improving its ability to withstand economic downturns or invest in strategic initiatives without over-reliance on debt.

Negative Factors

Revenue Decline

A decline in revenue suggests challenges in maintaining sales growth, which could impact long-term profitability and market share if not addressed through strategic initiatives or market expansion.

Industry Competition

The highly competitive nature of the off-price retail market may pressure Marshalls to continually innovate and adapt to consumer preferences, which can strain resources and impact margins if not managed effectively.

Market Sentiment

While technical indicators are typically short-term, a prolonged bearish trend could reflect broader market concerns about Marshalls' growth prospects, potentially affecting investor confidence and access to capital.

Marshalls Business Overview & Revenue Model

Company Description

Marshalls plc manufactures and supplies hard landscaping products in the United Kingdom and internationally. It offers interior, garden, and driveways products, including garden paving, driveways, garden paths, kerbs and edging products, and garden walling products; artificial grass; garden and driveway design tools; and stone products. The company also provides landscaping solutions for the commercial construction sector, such as paving, kerb, linear drainage, walling, landscape protection, landscape furniture, mortar and screed, aggregate, sand and block stone, masonry and façade, and traffic calming products. In addition, it engages in the property management activities; supply of street furniture; sourcing and distribution of natural stone products; and operation of a quarry, as well as supply of various paving products. The company provides its products to local authorities, commercial architects, specifiers, contractors, house builders, DIY enthusiasts, professional landscapers, driveway installers, and garden designers. Marshalls plc was founded in 1890 and is based in Halifax, the United Kingdom.

How the Company Makes Money

Marshalls generates revenue primarily through the sale of discounted merchandise across its retail stores. The company sources products from various manufacturers and wholesalers, enabling it to offer significant price reductions compared to traditional retail outlets. Key revenue streams include clothing, footwear, home decor, and seasonal items. Marshalls benefits from a unique buying model that allows it to purchase excess inventory, closeouts, and overruns from brand-name manufacturers, which helps maintain low prices. Additionally, its parent company, TJX Companies, provides operational support and strategic partnerships that enhance Marshalls' supply chain efficiency and product assortment, contributing to its overall earnings. The company's ability to attract a steady flow of customers looking for bargains further solidifies its revenue model and market position.

Marshalls Financial Statement Overview

Summary

Marshalls shows a mixed but generally positive financial performance. Despite a decline in revenue, improved margins and cash flow metrics indicate better efficiency and cash management. The balance sheet reflects reduced leverage and a stronger equity position, contributing to financial stability.

Income Statement

Marshalls experienced a decline in total revenue from 2023 to 2024, showing a negative revenue growth rate. However, the company improved its gross profit margin and net profit margin, indicating better cost management. EBITDA margin remained stable, but EBIT margin improved, suggesting enhanced operational efficiency.

Balance Sheet

The company's debt-to-equity ratio decreased, reflecting a reduction in leverage, which enhances financial stability. The equity ratio improved, indicating a stronger equity position relative to assets. Return on equity increased, suggesting effective utilization of shareholder funds.

Cash Flow

Marshalls' free cash flow growth rate was positive, indicating improved cash generation. The operating cash flow to net income ratio suggests efficient conversion of income into cash, while free cash flow to net income ratio improved, signifying healthy cash flow management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	472.25M	619.20M	671.20M	719.37M	589.26M	469.45M
Gross Profit	292.10M	391.50M	220.10M	250.82M	199.49M	136.77M
EBITDA	58.00M	84.20M	84.30M	90.08M	103.89M	39.66M
Net Income	19.35M	31.00M	18.60M	26.80M	54.81M	2.37M
Balance Sheet
Total Assets	1.10B	1.08B	1.11B	1.21B	595.97M	614.43M
Cash, Cash Equivalents and Short-Term Investments	16.70M	18.90M	34.50M	56.26M	41.21M	103.71M
Total Debt	208.60M	188.20M	252.10M	292.87M	82.33M	179.27M
Total Liabilities	430.70M	414.80M	472.80M	547.80M	251.66M	326.58M
Stockholders Equity	670.50M	661.30M	641.30M	660.29M	343.33M	286.90M
Cash Flow
Free Cash Flow	39.35M	67.60M	56.90M	55.19M	43.62M	-2.38M
Operating Cash Flow	49.25M	76.80M	77.70M	85.34M	65.54M	12.38M
Investing Cash Flow	-15.40M	-9.80M	-18.20M	-114.94M	-7.03M	-3.31M
Financing Cash Flow	-51.70M	-82.70M	-81.10M	44.35M	-120.95M	41.41M

Marshalls Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 182.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MSLH, the sentiment is Positive. The current price of 182 is above the 20-day moving average (MA) of 177.79, above the 50-day MA of 173.31, and below the 200-day MA of 215.09, indicating a neutral trend. The MACD of 2.28 indicates Negative momentum. The RSI at 57.77 is Neutral, neither overbought nor oversold. The STOCH value of 69.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:MSLH.

Marshalls Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BREE	75 Outperform	£1.14B	12.68	7.90%	4.47%	7.83%	-7.40%
SRC	74 Outperform	£1.44B	31.82	6.07%	―	32.27%	―
MBH	72 Outperform	£78.03M	15.09	5.71%	5.35%	-0.29%	-33.41%
FORT	69 Neutral	£386.27M	24.62	7.03%	2.13%	15.99%	96.05%
MSLH	68 Neutral	£458.06M	19.34	3.57%	4.18%	1.31%	10.19%
IBST	67 Neutral	£548.60M	45.13	3.10%	2.39%	5.58%	66.49%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Marshalls Corporate Events

Marshalls Announces Leadership Change and Secures New Funding

Marshalls plc announced a leadership change with Matt Pullen stepping down as CEO, and Simon Bourne, the Chief Commercial Officer, appointed as Interim CEO. This transition aims to maintain continuity and accelerate the ‘Transform & Grow’ strategy, which Bourne helped develop. The company has also secured a new £270 million syndicated bank facility to strengthen its funding position. Despite the leadership change, Marshalls’ full-year 2025 expectations remain unchanged, with the company poised to benefit from market recovery and structural growth drivers.

Marshalls plc Reports Revenue Growth and Strategic Progress Amid Market Challenges

Marshalls plc reported a two percent increase in group revenue for the ten months ending October 2025, with total revenue reaching £548 million. Despite challenging market conditions, the company maintained its full-year profit expectations. The Landscaping Products division saw stable revenue, while Building and Roofing Products experienced growth, driven by strong performances in Water Management, Mortars, and Viridian Solar. The company continues to execute its ‘Transform & Grow’ strategy, with significant cost-saving measures and strategic shifts expected to enhance profitability and market positioning.

Marshalls CEO Acquires Shares, Signaling Confidence in Company

Marshalls plc announced a transaction involving its Chief Executive, Matthew Pullen, who purchased 88 ordinary shares at £1.69 each under the company’s Employee Share Purchase Plan 2015. This transaction, conducted on the London Stock Exchange, reflects the executive’s confidence in the company’s future prospects and may positively impact stakeholder perception.

Marshalls CFO Acquires Shares, Signaling Confidence

Marshalls PLC announced that Justin Lockwood, the Chief Financial Officer, has purchased 88 ordinary shares of the company at £1.69 each under the Marshalls Employee Share Purchase Plan 2015. This transaction, conducted on the London Stock Exchange, reflects managerial confidence in the company’s performance and may positively influence stakeholder perception.

Marshalls CCO Acquires Shares in Employee Purchase Plan

Marshalls plc announced a transaction involving its Chief Commercial Officer, Simon Bourne, who purchased 89 ordinary shares at £1.69 each under the company’s Employee Share Purchase Plan 2015. This transaction, conducted on the London Stock Exchange, reflects internal confidence in the company’s performance and may positively influence stakeholder perception.

Marshalls to Release Trading Update for 2025

Marshalls plc has announced that it will release a Trading Update for the ten months ending 31 October 2025 on 12 November 2025. This announcement is significant as it may provide insights into the company’s performance and strategic direction, impacting its operations and positioning within the industry.

Marshalls CEO Acquires Shares, Signaling Confidence in Future

Marshalls plc announced a transaction involving its Chief Executive, Matthew Pullen, who purchased 85 ordinary shares at £1.76 each under the company’s Employee Share Purchase Plan 2015. This transaction, conducted on the London Stock Exchange, highlights the executive’s confidence in the company’s future performance and aligns with Marshalls’ commitment to employee investment in the company.

Marshalls CFO Purchases Shares Under Employee Plan

Marshalls plc announced a transaction involving its Chief Financial Officer, Justin Lockwood, who purchased 85 ordinary shares at £1.76 each under the company’s Employee Share Purchase Plan 2015. This transaction, conducted on the London Stock Exchange, highlights ongoing insider investment in the company, potentially signaling confidence in its future performance.

Marshalls CCO Engages in Share Purchase

Marshalls plc announced a transaction involving Simon Bourne, the Chief Commercial Officer, who purchased 84 ordinary shares at £1.76 each under the company’s Employee Share Purchase Plan 2015. This transaction was conducted on the London Stock Exchange, Main Market, and reflects the company’s ongoing commitment to employee investment in its shares, potentially aligning managerial interests with shareholder value.

Marshalls PLC CCO Acquires Shares Under Employee Plan

Marshalls PLC announced a transaction involving its Chief Commercial Officer, Simon Bourne, who purchased 87 ordinary shares at £1.73 each under the company’s Employee Share Purchase Plan 2015. This transaction, conducted on the London Stock Exchange, reflects the company’s ongoing commitment to aligning its leadership with shareholder interests, potentially strengthening stakeholder confidence in Marshalls’ market strategies.

Marshalls CEO Acquires Shares, Signaling Confidence

Marshalls PLC has announced a transaction involving its Chief Executive, Matthew Pullen, who has purchased 86 ordinary shares at £1.73 each under the company’s Employee Share Purchase Plan 2015. This transaction, conducted on the London Stock Exchange, highlights the executive’s commitment to the company and may be seen as a positive signal to stakeholders regarding confidence in the company’s future prospects.

Marshalls CFO Acquires Shares Under Employee Plan

Marshalls PLC announced a transaction involving its Chief Financial Officer, Justin Lockwood, who purchased 86 ordinary shares at £1.73 each under the company’s Employee Share Purchase Plan 2015. This transaction, conducted on the London Stock Exchange, reflects internal confidence in the company’s performance and could positively influence stakeholder perception.