Marston's (MARS)

Sector:

Tourism and Leisure Services

Index:

FTSE Small Cap

32.85p
   
  • Change Today:
      2.50p
  • 52 Week High: 37.15
  • 52 Week Low: 25.85
  • Currency: UK Pounds
  • Shares Issued: 634.16m
  • Volume: 9,215,781
  • Market Cap: £208.32m
  • RiskGrade: 364

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 03-Oct-15 04-Oct-14 05-Oct-13 29-Sep-12 01-Oct-11
Annualisation Factor 1.0 1.0 1.0 1.0 1.0
Dividend Yield 4.6% 4.7% 4.4% 5.3% 6.2%
           
Continuing Operations          
PE Ratio - Adjusted 11.9 12.2 12.1 9.3 8.3
PE Ratio - Diluted 38.2
15.3		 n/a
8.4		 14.7
17.3		 n/a
n/a		 7.8
8.3
PEG - Adjusted 1.2 n/a n/a 0.9 0.7
PEG - Diluted n/a
n/a		 n/a
0.1		 n/a
n/a		 n/a
n/a		 0.2
0.8
Return on Capital Employed 5.03%
7.14%		 1.99%
8.69%		 7.40%
7.00%		 n/a
n/a		 8.01%
8.02%
Operating Margin 11.97%
16.99%		 5.02%
21.96%		 18.74%
18.42%		 (7.95%)
(7.98%)		 22.68%
22.69%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 11.9 12.2 12.1 9.3 8.3
PE Ratio - Diluted 38.2
15.3		 n/a
8.4		 14.7
16.7		 n/a
n/a		 7.8
8.3
PEG - Adjusted 1.2 n/a n/a 0.9 0.7
PEG - Diluted n/a
n/a		 n/a
0.1		 n/a
n/a		 n/a
n/a		 0.2
0.8

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 03-Oct-15 04-Oct-14 05-Oct-13 29-Sep-12 01-Oct-11
Net Gearing 159.02% 157.87% 141.47% 147.13% 134.64%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 03-Oct-15 04-Oct-14 05-Oct-13 29-Sep-12 01-Oct-11
Price/Book Value 1.7 1.6 1.4 1.3 0.9
Price/Tangible Book Value 1.7 1.6 1.4 1.3 0.9
Price/ Cash Flow 5.4 6.4 4.9 3.9 2.9
Price/Revenue 1.00 1.00 1.06 0.90 0.78
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 90.49p 89.26p 104.25p 90.40p 99.98p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 03-Oct-15 04-Oct-14 05-Oct-13 29-Sep-12 01-Oct-11
Continuing Operations          
Revenue 878.60 815.30 782.90 719.70 682.20
EBITDA 181.70
186.80		 108.30
215.30		 181.30
181.30		 199.10
199.60		 196.70
196.30
Depreciation (76.50)
(37.50)		 (67.40)
(36.30)		 (34.60)
(37.10)		 (256.30)
(257.00)		 (42.00)
(41.50)
Net Interest (73.90)
(73.90)		 (100.10)
(64.90)		 (76.90)
(79.90)		 (78.30)
(70.10)		 (73.90)
(73.90)
Profit Before Tax 31.30
75.40		 (59.20)
114.10		 67.50
62.00		 (135.50)
(127.50)		 80.80
80.90
           
Revenue per Share 153.55p 142.78p 137.50p 126.51p 119.92p
Pre-Tax Profit per Share 5.47p
13.18p		 (10.37p)
19.98p		 11.86p
10.89p		 (23.82p)
(22.41p)		 14.20p
14.22p
Market Capitalisation £ (Millions) 878.07 816.82 829.65 649.91 530.75
Enterprise Value (EV) £ (Millions) 2,316.17 2,195.92 2,107.95 1,818.11 1,708.15
EBITDA/EV 7.84%
8.07%		 4.93%
9.80%		 8.60%
8.60%		 10.95%
10.98%		 11.52%
11.49%
Operating Margin 11.97%
16.99%		 5.02%
21.96%		 18.74%
18.42%		 (7.95%)
(7.98%)		 22.68%
22.69%
Capital Employed £ (Millions) 2,089.60 2,059.20 2,027.80 1,872.90 1,930.40
Return on Capital Employed 5.03%
7.14%		 1.99%
8.69%		 7.40%
7.00%		 n/a
n/a		 8.01%
8.02%
Invested Equity Capital £ (Millions) 981.20 929.40 991.00 938.70 1,001.80
           
Earnings per Share - Basic 4.10p
10.08p		 (8.90p)
17.13p		 10.00p
8.48p		 (19.40p)
(18.74p)		 12.10p
11.27p
Earnings per Share - Diluted 4.00p
9.98p		 (8.90p)
16.98p		 9.90p
8.41p		 (19.40p)
(18.59p)		 12.00p
11.21p
Earnings per Share - Adjusted 12.90p 11.70p 12.00p 12.30p 11.20p
Earnings per Share Growth - Basic n/a
-41%		 n/a
102%		 n/a
n/a		 n/a
n/a		 46%
11%
Earnings per Share Growth - Diluted n/a
-41%		 n/a
102%		 n/a
n/a		 n/a
n/a		 45%
11%
Earnings per Share Growth - Adjusted 10% -2% -2% 10% 12%
PE Ratio - Diluted 38.2
15.3		 n/a
8.4		 14.7
17.3		 n/a
n/a		 7.8
8.3
PEG - Diluted n/a
n/a		 n/a
0.1		 n/a
n/a		 n/a
n/a		 0.2
0.8
Tax Rate 25.56% 14.36% 16.59% 18.60% 14.85%
Dividend Cover 1.84
1.44		 1.75
2.56		 1.87
1.33		 2.02
(3.07)		 1.93
1.94
Interest Cover 1.42
2.01		 0.41
2.75		 1.82
1.75		 (0.40)
(0.80)		 2.06
2.06
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 4.10p
10.08p		 (8.90p)
17.13p		 10.00p
8.78p		 (19.40p)
(18.74p)		 12.10p
11.27p
Earnings per Share - Diluted 4.00p
9.98p		 (8.90p)
16.98p		 9.90p
8.70p		 (19.40p)
(18.59p)		 12.00p
11.21p
Earnings per Share - Adjusted 12.90p 11.70p 12.00p 12.30p 11.20p
Earnings per Share Growth - Basic n/a
-41%		 n/a
95%		 n/a
n/a		 n/a
n/a		 46%
11%
Earnings per Share Growth - Diluted n/a
-41%		 n/a
95%		 n/a
n/a		 n/a
n/a		 45%
11%
Earnings per Share Growth - Adjusted 10% -2% -2% 10% 12%
PE Ratio - Diluted 38.2
15.3		 n/a
8.4		 14.7
16.7		 n/a
n/a		 7.8
8.3
PEG - Diluted n/a
n/a		 n/a
0.1		 n/a
n/a		 n/a
n/a		 0.2
0.8
Dividend Cover 1.84
1.44		 1.75
2.56		 1.87
1.37		 2.02
(3.07)		 1.93
1.94
Return on Equity (ROE) 2.37%
5.88%		 (5.46%)
10.52%		 5.91%
5.05%		 (11.75%)
(11.36%)		 6.87%
6.40%
Operating Cash Flow per Share 28.36p 22.38p 29.75p 29.60p 32.06p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 1.94p 13.87p 5.85p 1.37p (1.14p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 7.00p 6.70p 6.40p 6.10p 5.80p
Dividend per Share Growth 4.48% 4.69% 4.92% 5.17% n/a
Dividend Yield 4.6% 4.7% 4.4% 5.3% 6.2%
Shareholders Funds 782.90 759.00 841.90 762.00 817.60
Net Borrowings £ (Millions) 1,245.00 1,198.20 1,191.00 1,121.10 1,100.80
Net Asset Value per Share (inc. Intangibles) 90.49p 89.26p 104.25p 90.40p 99.98p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 03-Oct-15 04-Oct-14 05-Oct-13 29-Sep-12 01-Oct-11
Shareholders' Funds inc Intangibles 782.90 759.00 841.90 762.00 817.60
Net Borrowings £ (Millions) 1,245.00 1,198.20 1,191.00 1,121.10 1,100.80
Net Gearing 159.02% 157.87% 141.47% 147.13% 134.64%
Cash & Near Cash 193.10 180.90 94.10 60.80 76.60
Cash 24.66% 23.83% 11.18% 7.98% 9.37%
Gross Borrowings 1,438.10 1,379.10 1,285.10 1,181.90 1,177.40
Gross Gearing 183.69% 181.70% 152.64% 155.10% 144.01%
Borrowings Under 5 years 1,438.10 1,379.10 1,285.10 1,181.90 1,177.40
Under 5 years 183.69% 181.70% 152.64% 155.10% 144.01%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 03-Oct-15 04-Oct-14 05-Oct-13 29-Sep-12 01-Oct-11
Shareholders' Funds exc Intangibles 517.80 509.70 593.60 514.30 568.80
Net Borrowings £ (Millions) 1,245.00 1,198.20 1,191.00 1,121.10 1,100.80
Net Gearing 240.44% 235.08% 200.64% 217.99% 193.53%
Cash & Near Cash 193.10 180.90 94.10 60.80 76.60
Cash 37.29% 35.49% 15.85% 11.82% 13.47%
Gross Borrowings 1,438.10 1,379.10 1,285.10 1,181.90 1,177.40
Gross Gearing 277.73% 270.57% 216.49% 229.81% 207.00%
Borrowings Under 5 years 1,438.10 1,379.10 1,285.10 1,181.90 1,177.40
Under 5 years 277.73% 270.57% 216.49% 229.81% 207.00%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 03-Oct-15 04-Oct-14 05-Oct-13 29-Sep-12 01-Oct-11
Quick Ratio 0.75 0.74 0.74 0.64 0.66
Current Ratio 0.82 0.81 0.83 0.74 0.74

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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