THE MERCHANTS TRUST PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 555 GBX | +0.54% |
|
+2.97% | -0.54% |
| Apr. 04 | Earnings Flash (MRCH.L) MERCHANTS TRUST Posts FY24 Revenue GBP49.6M | MT |
| Apr. 04 | The Merchants Trust Plc Reports Earnings Results for the Full Year Ended January 31, 2024 | CI |
Valuation
| Fiscal Period: January | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 512.1 | 598.4 | 530.5 | 731.7 | 828.2 | 805.4 |
| Enterprise Value (EV) 1 | 599.4 | 680.6 | 616.7 | 805.9 | 925.8 | 891.8 |
| P/E ratio | -16 x | 6.08 x | -7.58 x | 3.9 x | 19.8 x | -26.2 x |
| Yield | 5.52% | 5.09% | 6.2% | 4.76% | 4.67% | 5.23% |
| Capitalization / Revenue | -23.2 x | 5.11 x | -8.59 x | 3.86 x | 17 x | -41.2 x |
| EV / Revenue | -27.1 x | 5.81 x | -9.98 x | 4.25 x | 18.9 x | -45.6 x |
| EV / EBITDA | - | - | - | - | - | - |
| EV / FCF | -29.2 x | 11.5 x | -13.7 x | 6.8 x | 39.2 x | -51.5 x |
| FCF Yield | -3.43% | 8.67% | -7.29% | 14.7% | 2.55% | -1.94% |
| Price to Book | 0.96 x | 0.96 x | 0.96 x | 0.99 x | 1.02 x | 1.02 x |
| Nbr of stocks (in thousands) | 108,728 | 112,478 | 120,985 | 127,705 | 140,135 | 148,325 |
| Reference price 2 | 4.710 | 5.320 | 4.385 | 5.730 | 5.910 | 5.430 |
| Announcement Date | 3/29/19 | 4/23/20 | 4/13/21 | 4/8/22 | 4/5/23 | 4/5/24 |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: January | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Net sales 1 | -22.11 | 117.1 | -61.77 | 189.5 | 48.86 | -19.55 |
| EBITDA | - | - | - | - | - | - |
| EBIT 1 | -25.35 | 113.9 | -64.84 | 185.9 | 44.74 | -23.91 |
| Operating Margin | 114.67% | 97.24% | 104.97% | 98.1% | 91.57% | 122.28% |
| Earnings before Tax (EBT) 1 | -31.93 | 96.38 | -68.25 | 182.7 | 40.79 | -29.47 |
| Net income 1 | -31.93 | 96.36 | -68.32 | 182.2 | 40.19 | -30.25 |
| Net margin | 144.43% | 82.3% | 110.6% | 96.15% | 82.25% | 154.71% |
| EPS 2 | -0.2937 | 0.8757 | -0.5788 | 1.468 | 0.2986 | -0.2075 |
| Free Cash Flow 1 | -20.56 | 58.99 | -44.99 | 118.5 | 23.59 | -17.31 |
| FCF margin | 92.97% | 50.39% | 72.82% | 62.51% | 48.29% | 88.51% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | 61.22% | - | 65.01% | 58.71% | - |
| Dividend per Share 2 | 0.2600 | 0.2710 | 0.2720 | 0.2730 | 0.2760 | 0.2840 |
| Announcement Date | 3/29/19 | 4/23/20 | 4/13/21 | 4/8/22 | 4/5/23 | 4/5/24 |
1GBP in Million2GBP
Estimates
Balance Sheet Analysis
| Fiscal Period: January | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 87.3 | 82.3 | 86.2 | 74.2 | 97.6 | 86.4 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | -20.6 | 59 | -45 | 118 | 23.6 | -17.3 |
| ROE (net income / shareholders' equity) | -5.67% | 16.7% | -11.6% | 28.2% | 5.18% | -3.78% |
| ROA (Net income/ Total Assets) | -2.34% | 10.4% | -5.92% | 15.6% | 3.18% | -1.64% |
| Assets 1 | 1,363 | 924.5 | 1,153 | 1,165 | 1,264 | 1,845 |
| Book Value Per Share 2 | 4.910 | 5.520 | 4.590 | 5.790 | 5.800 | 5.310 |
| Cash Flow per Share 2 | 0.2100 | 0.0900 | 0.0500 | 0.1500 | 0.0800 | 0.1500 |
| Capex | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - |
| Announcement Date | 3/29/19 | 4/23/20 | 4/13/21 | 4/8/22 | 4/5/23 | 4/5/24 |
1GBP in Million2GBP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -0.54% | 1.03B | |
| +3.27% | 14.32B | |
| +3.12% | 6.21B | |
| +12.72% | 4.4B | |
| +10.97% | 4.36B | |
| -7.52% | 4B | |
| +3.61% | 3.51B | |
| +8.55% | 3.22B | |
| +7.91% | 3.06B | |
| -1.91% | 2.77B |
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