Financials Macfarlane Group PLC

Equities

MACF

GB0005518872

Non-Paper Containers & Packaging

Market Closed - London S.E. Other stock markets 11:35:24 2024-05-31 am EDT			5-day change	1st Jan Change
120.5 ^GBX	-2.03%		-3.60%	+2.99%

May. 07	FTSE 100 driven higher by US rates optimism	AN
May. 07	Macfarlane shares fall amid weak demand; 1st quarter sales down 9.5%	AN

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	170	138.1	205.2	163.6	184.7	191	-	-
Enterprise Value (EV) ¹	208.7	138.6	237.6	201.6	184.7	221	209.6	196.6
P/E ratio	-	-	-	-	12.5 x	11.8 x	11.3 x	10.9 x
Yield	2.27%	2.91%	2.46%	3.29%	-	3.18%	3.29%	3.24%
Capitalization / Revenue	0.75 x	0.6 x	0.72 x	0.56 x	0.66 x	0.67 x	0.65 x	0.63 x
EV / Revenue	0.93 x	0.6 x	0.83 x	0.69 x	0.66 x	0.78 x	0.71 x	0.64 x
EV / EBITDA	8.75 x	5.47 x	7.2 x	5.91 x	4.48 x	5.82 x	5.36 x	4.91 x
EV / FCF	-	-	16.6 x	13.5 x	-	14 x	11.6 x	10.3 x
FCF Yield	-	-	6.03%	7.39%	-	7.13%	8.59%	9.73%
Price to Book	-	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	157,812	157,812	157,812	157,261	157,876	158,524	-	-
Reference price ²	1.078	0.8750	1.300	1.040	1.170	1.205	1.205	1.205
Announcement Date	2/27/20	2/25/21	2/24/22	2/23/23	2/29/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	225.4	230	285.7	290.4	280.7	283.8	294.6	305.4
EBITDA ¹	23.84	25.35	33.01	34.11	41.24	37.97	39.1	40
EBIT ¹	13.63	14.37	20.43	25.07	27.64	27.97	29.07	29.73
Operating Margin	6.05%	6.25%	7.15%	8.63%	9.85%	9.85%	9.87%	9.74%
Earnings before Tax (EBT) ¹	-	-	18.66	19.93	20.28	21.85	23.9	25.25
Net income ¹	-	-	-	15.64	14.97	15.95	17.5	18.65
Net margin	-	-	-	5.38%	5.33%	5.62%	5.94%	6.11%
EPS ²	-	-	-	-	0.0934	0.1020	0.1070	0.1110
Free Cash Flow ¹	-	-	14.33	14.89	-	15.77	18	19.13
FCF margin	-	-	5.02%	5.13%	-	5.56%	6.11%	6.27%
FCF Conversion (EBITDA)	-	-	43.42%	43.66%	-	41.53%	46.04%	47.83%
FCF Conversion (Net income)	-	-	-	95.25%	-	98.85%	102.86%	102.59%
Dividend per Share ²	0.0245	0.0255	0.0320	0.0342	-	0.0383	0.0397	0.0390
Announcement Date	2/27/20	2/25/21	2/24/22	2/23/23	2/29/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2025 S2
Net sales	-
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income	-
Net margin	-
EPS	-
Dividend per Share ¹	0.0280
Announcement Date	-

¹GBP

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	38.6	0.54	32.5	38	-	30	18.6	5.57
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.621 x	0.0212 x	0.9836 x	1.114 x	-	0.7893 x	0.4749 x	0.1392 x
Free Cash Flow ¹	-	-	14.3	14.9	-	15.8	18	19.1
ROE (net income / shareholders' equity)	-	-	-	-	-	-	-	-
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share	-	-	-	-	-	-	-	-
Cash Flow per Share ²	-	-	-	-	-	0.1300	0.1500	0.1500
Capex ¹	-	-	1.93	3.1	-	3.95	3.5	3.1
Capex / Sales	-	-	0.68%	1.07%	-	1.39%	1.19%	1.02%
Announcement Date	2/27/20	2/25/21	2/24/22	2/23/23	2/29/24	-	-	-

¹GBP in Million²GBP

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Macfarlane Group PLC

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.205 GBP

Average target price

1.483 GBP

Spread / Average Target

+23.10%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Non-Paper Containers & Packaging

	1st Jan change	Capi.
MACFARLANE GROUP PLC	+2.99%	243M
BALL CORPORATION	+20.71%	21.55B
AVERY DENNISON CORPORATION	+12.58%	18.33B
CROWN HOLDINGS, INC.	-8.58%	10.04B
CCL INDUSTRIES INC.	+17.89%	9.23B
SEALED AIR CORPORATION	+6.43%	5.66B
SILGAN HOLDINGS INC.	+4.42%	5.05B
GREIF, INC.	-1.01%	3.07B
VISCOFAN, S.A.	+12.13%	3B
PACTIV EVERGREEN INC.	-9.85%	2.21B

Other Non-Paper Containers & Packaging