Marshalls PLC (GB:MSLH)
LSE:MSLH
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Marshalls
(LSE:MSLH)
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Rating:57Neutral
Price Target:
130.00 p
▼(-15.20% Downside)
Action:Reiterated
Date:03/26/26
The score is driven primarily by mixed financial performance (stronger balance sheet but weaker 2025 margins and cash flow) and weak technicals (price below key moving averages with negative MACD). Supportive valuation (low P/E and high dividend yield) and modestly positive corporate events partially offset those risks.
Positive Factors
Improving leverage and balance sheet resilience
A materially lower debt-to-equity and a substantial equity base give Marshalls durable financial flexibility. A healthier capital structure reduces refinancing and interest-rate risk, supports investment in plants/distribution, and preserves capacity to weather industry cycles over months to years.
Negative Factors
Weak cash generation in 2025
Material deterioration in operating cash flow and a 42% drop in free cash flow weaken internal funding capacity. Lower cash conversion versus prior years reduces the company's ability to fund capex, acquisitions or dividend policy from operations, raising execution risk over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage and balance sheet resilience
A materially lower debt-to-equity and a substantial equity base give Marshalls durable financial flexibility. A healthier capital structure reduces refinancing and interest-rate risk, supports investment in plants/distribution, and preserves capacity to weather industry cycles over months to years.
Read all positive factors
Marshalls (MSLH) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£331.46M
Dividend Yield4.18%
Average Volume (3M)919.41K
Price to Earnings (P/E)11.5
Beta (1Y)1.34
Revenue Growth2.08%
EPS Growth-53.51%
CountryUK
Employees2,435
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)0.04
Shares Outstanding252,968,730
10 Day Avg. Volume1,001,454
30 Day Avg. Volume919,408
Financial Highlights & Ratios
PEG Ratio-0.60
Price to Book (P/B)0.70
Price to Sales (P/S)0.72
P/FCF Ratio19.94
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£265.00Price Target Upside72.86% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.15
Revenue Forecast (FY)£640.37M
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 garde...
How the Company Makes Money
Marshalls makes money by manufacturing and selling a wide range of construction and landscaping products to various customer segments, including local authorities, commercial businesses, and residential customers. The company generates revenue thr...
Marshalls Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
72
Positive
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 632.10M | 619.20M | 671.20M | 719.37M | 589.26M |
| Gross Profit | 209.70M | 391.50M | 220.10M | 250.82M | 199.49M |
| EBITDA | 93.80M | 84.20M | 84.30M | 90.08M | 103.89M |
| Net Income | 14.40M | 31.00M | 18.60M | 26.80M | 54.81M |
Balance Sheet | |||||
| Total Assets | 1.04B | 1.08B | 1.11B | 1.21B | 595.97M |
| Cash, Cash Equivalents and Short-Term Investments | 4.90M | 18.90M | 34.50M | 56.26M | 41.21M |
| Total Debt | 181.90M | 188.20M | 252.10M | 292.87M | 82.33M |
| Total Liabilities | 385.70M | 414.80M | 472.80M | 547.80M | 251.66M |
| Stockholders Equity | 655.70M | 661.30M | 641.30M | 660.29M | 343.33M |
Cash Flow | |||||
| Free Cash Flow | 22.90M | 67.60M | 56.90M | 55.19M | 43.62M |
| Operating Cash Flow | 38.90M | 76.80M | 77.70M | 85.34M | 65.54M |
| Investing Cash Flow | -15.70M | -9.80M | -18.20M | -114.94M | -7.03M |
| Financing Cash Flow | -37.00M | -82.70M | -81.10M | 44.35M | -120.95M |
Marshalls Technical Analysis
Negative
153.30
Price Trends
140.48
Negative
156.22
Negative
166.08
Negative
Market Momentum
-3.39
Negative
42.47
Neutral
56.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MSLH, the sentiment is Negative. The current price of 153.3 is above the 20-day moving average (MA) of 133.63, above the 50-day MA of 140.48, and below the 200-day MA of 166.08, indicating a bearish trend. The MACD of -3.39 indicates Negative momentum. The RSI at 42.47 is Neutral, neither overbought nor oversold. The STOCH value of 56.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:MSLH.
Marshalls Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | £1.00B | 5.07 | 7.14% | 4.47% | 8.72% | -13.66% | |
62 Neutral | £312.69M | 10.08 | 7.33% | 2.13% | 12.11% | -3.00% | |
62 Neutral | £64.37M | 14.26 | 3.91% | 5.35% | -1.73% | -39.61% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | £1.25B | 6.34 | 10.11% | ― | 7.62% | 248.33% | |
57 Neutral | £331.46M | 11.50 | 2.17% | 4.18% | 2.08% | -53.51% | |
48 Neutral | £380.80M | -53.69 | 0.79% | 2.39% | 1.61% | -79.69% |
* Basic Materials Sector Average
GB:MSLH
Marshalls
130.50
-151.69
-53.75%
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Marshalls Corporate Events
Business Operations and StrategyStock BuybackDividendsShareholder Meetings
Marshalls Wins Strong Shareholder Backing for All AGM Resolutions
Positive
May 13, 2026
Marshalls plc reported that all 19 resolutions put to shareholders at its 2026 annual general meeting were duly passed, with around 68% of the company’s issued share capital voting by proxy. Investors approved the annual report, reappointed ...
Business Operations and StrategyFinancial Disclosures
Marshalls Holds Guidance as Early-2026 Trading Stays on Track
Positive
May 13, 2026
Marshalls reported group revenue of £205 million for the first four months of 2026, down 1% year-on-year but in line with board expectations, supported by resilient performance across its UK-centric operations despite cost inflation and end-m...
Other
Marshalls CFO Adds Shares Through Employee Purchase Plan
Neutral
Apr 15, 2026
Marshalls plc has disclosed that its Chief Financial Officer, Justin Lockwood, participated in the company’s Employee Share Purchase Plan 2015. The transaction involved the purchase of 106 ordinary shares of 25p each, carrying voting rights,...
Regulatory Filings and Compliance
Marshalls CEO Simon Bourne Buys Shares Under Employee Purchase Plan
Neutral
Apr 15, 2026
Marshalls plc has disclosed a routine share transaction involving its chief executive officer, Simon Bourne, under regulatory rules governing dealings by persons discharging managerial responsibilities. The filing records Bourne’s purchase o...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Marshalls Publishes 2025 Annual Report and Sets Date for 2026 AGM
Positive
Apr 2, 2026
Marshalls plc has published its Annual Report and Accounts for the year ended 31 December 2025, along with the Notice of the 2026 Annual General Meeting and proxy form, making these documents available to shareholders via its corporate website. Th...
Executive/Board ChangesRegulatory Filings and Compliance
Marshalls CEO Granted Nil-Cost Share Options Under Management Incentive Plan
Neutral
Mar 17, 2026
Marshalls plc has disclosed a management incentive transaction involving its chief executive officer, Simon Bourne, in line with regulatory requirements for persons discharging managerial responsibilities. The filing identifies Marshalls as the is...
Executive/Board Changes
Marshalls Awards CFO Justin Lockwood Nil‑Cost Share Options Under Incentive Plan
Neutral
Mar 17, 2026
Marshalls plc has disclosed that its chief financial officer, Justin Lockwood, has been granted 64,564 nil‑cost options over ordinary shares of 25 pence each under the company’s Management Incentive Plan. The award, made on March 16, 2...
Business Operations and StrategyDividendsFinancial DisclosuresPrivate Placements and Financing
Marshalls lifts revenue but tightens belt as ‘Transform & Grow’ drive accelerates
Neutral
Mar 16, 2026
Marshalls reported a 2% rise in 2025 revenue to £632.1 million but lower profitability, with adjusted operating profit down 15% and adjusted profit before tax down 16%, prompting a cut to the total dividend. The group nonetheless delivered re...
Regulatory Filings and Compliance
Marshalls CEO Simon Bourne Adds Shares Under Employee Plan
Positive
Mar 11, 2026
Marshalls plc has disclosed a routine share transaction by Chief Executive Officer Simon Bourne, in line with regulatory requirements for persons discharging managerial responsibilities. Bourne purchased 88 ordinary shares at £1.70 each under...
Other
Marshalls CFO buys shares under employee purchase plan
Positive
Mar 11, 2026
Marshalls plc has disclosed that its Chief Financial Officer, Justin Lockwood, purchased 88 ordinary shares of 25 pence each at a price of £1.70 per share. The transaction was executed on 3 March 2026 through the London Stock Exchange Main Ma...
Business Operations and StrategyFinancial Disclosures
Marshalls Schedules Live Investor Presentation Following Final Results
Positive
Mar 10, 2026
Marshalls plc will host a live interactive investor presentation on the Engage Investor platform at 09:00 a.m. GMT on 20 March 2026, following the release of its final results on 16 March 2026. The company is inviting existing shareholders and pro...
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.