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Marshalls plc (MSLH.L)

GBp148.40 +3.60 (+2.49%)
GB LSE Basic Materials Construction Materials
Address Landscape House HX5 9HT
Halifax, GB
CEO Simon Gerald Bourne
IPO 1988-07-01
ISIN GB00B012BV22

Explore sections of this company profile

Description

Marshalls plc is a leading producer and provider of hard landscaping materials, operating both within the United Kingdom and on an international scale. The company offers a wide selection of products for home and garden environments, including elements for interiors, gardens, and driveways such as paving, paths, kerbs, edging, garden walling, artificial grass, and various stone products, alongside design aids for outdoor spaces. In addition, Marshalls furnishes comprehensive landscaping components for the commercial construction sector. This range includes paving, kerbing, linear drainage systems, walling, landscape protection, street furniture, mortars, screeds, aggregates, sands, block stone, masonry, façade materials, and traffic calming solutions. Beyond its core product offerings, the company engages in property management, the supply of street furniture, the sourcing and distribution of natural stone, and operates a quarry, while also providing a broad spectrum of paving products. Its diverse customer base encompasses 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, UK.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
GBp148.40 +3.60 (+2.49%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
1.27
Float Shares
226.56M
Free Float %
89.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.50% +3.91% +7.63% -21.58% -21.58% -21.93% -49.73% -53.47% -80.56% -56.54% +33.52%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
148.40
DCF (Unlevered) 484.27 +226.3%
DCF (Levered) 246.97 +66.4%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 57% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 4 0
Hold 3 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.70
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Construction Materials: +2.8%
    +2.1% Q4'25: +49.0% (vs Q4'23)
  • EPS growth Construction Materials: +14.1%
    -52.8% Q4'25: +0.0% (vs Q4'23)
  • FCF margin FCF growth · Construction Materials: +32.9%
    +7.5% Q4'25: +7.6% (vs Q4'23)
  • EBIT margin Construction Materials: +9.5%
    +7.1% Q4'25: +6.9% (vs Q4'23)
  • ROIC Construction Materials: +5.1%
    +4.4% Q4'25: +13.2% (vs Q4'23)
  • Share dilution Construction Materials: +0.0%
    +0.3% Q4'25: -0.1% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Construction Materials: 0.56×
    1.94× Q4'25: 0.62× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.27) × ERP
WACC = 66% × Ke + 34% × Kd (8.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 484.27 Current price: 148.40
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2001
actual
Dec 2002
actual
Dec 2003
actual
Dec 2004
actual
Dec 2005
actual
Dec 2006
actual
Dec 2007
actual
Dec 2008
actual
Dec 2009
actual
Dec 2010
actual
Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
7 Rev. Ana.
6 EPS Ana.
Dec 2027
7 Rev. Ana.
6 EPS Ana.
Dec 2028
6 Rev. Ana.
4 EPS Ana.
Dec 2029
5 Rev. Ana.
2 EPS Ana.
Dec 2030
3 Rev. Ana.
2 EPS Ana.
Revenue
328.04M
est: 332.87M (-1.5%)
342.06M
est: 346.57M (-1.3%)
349.48M
est: 354.28M (-1.4%)
328.34M
est: 367.40M (-10.6%)
359.31M
est: 361.30M (-0.6%)
378.10M
est: 385.05M (-1.8%)
402.93M
est: 409.02M (-1.5%)
378.06M
est: 387.62M (-2.5%)
311.69M
est: 317.26M (-1.8%)
308.84M
est: 327.89M (-5.8%)
334.13M
est: 335.67M (-0.5%)
309.69M
est: 318.01M (-2.6%)
307.39M
est: 315.56M (-2.6%)
358.52M
est: 357.00M (+0.4%)
386.20M
est: 387.85M (-0.4%)
396.92M
est: 399.02M (-0.5%)
430.19M
est: 430.00M (+0.0%)
490.99M
est: 495.07M (-0.8%)
541.83M
est: 545.33M (-0.6%)
469.45M
est: 469.00M (+0.1%)
589.26M
est: 589.00M (+0.0%)
719.37M
est: 719.00M (+0.1%)
671.20M
est: 623.80M (+7.6%)
619.20M
est: 619.00M (+0.0%)
632.10M
est: 632.00M (+0.0%)
641.01M
628.01M – 653.91M
+1.4% YoY
666.53M
653.98M – 686.28M
+4.0% YoY
698.25M
698.23M – 698.27M
+4.8% YoY
719.70M
705.64M – 737.67M
+3.1% YoY
760.60M
745.74M – 779.59M
+5.7% YoY
EBITDA
60.45M
est: 58.80M (+2.8%)
66.11M
est: 57.72M (+14.5%)
70.73M
est: 64.65M (+9.4%)
62.19M
est: 69.14M (-10.0%)
61.91M
est: 62.97M (-1.7%)
66.39M
est: 87.58M (-24.2%)
70.87M
est: 58.94M (+20.2%)
26.27M
est: 84.08M (-68.8%)
21.58M
est: 17.01M (+26.9%)
31.56M
est: 13.38M (+135.8%)
32.22M
est: 26.64M (+21.0%)
7.22M
est: 34.01M (-78.8%)
29.81M
est: 12.33M (+141.7%)
38.85M
est: 28.22M (+37.6%)
50.63M
est: 38.13M (+32.8%)
60.35M
est: 49.07M (+23.0%)
67.90M
est: 62.49M (+8.6%)
80.30M
est: 76.71M (+4.7%)
103.88M
est: 85.81M (+21.1%)
39.67M
est: 80.79M (-50.9%)
103.89M
est: 89.91M (+15.5%)
90.08M
est: 95.80M (-6.0%)
84.30M
est: 88.77M (-5.0%)
84.20M
est: 88.09M (-4.4%)
93.80M
est: 89.93M (+4.3%)
91.22M
89.37M – 93.05M
+1.4% YoY
94.85M
93.06M – 97.66M
+4.0% YoY
99.36M
99.36M – 99.36M
+4.8% YoY
102.41M
100.41M – 104.97M
+3.1% YoY
108.23M
106.12M – 110.94M
+5.7% YoY
EBIT
45.83M
est: 46.75M (-2.0%)
52.63M
est: 47.58M (+10.6%)
53.19M
est: 51.42M (+3.4%)
47.08M
est: 55.07M (-14.5%)
44.35M
est: 52.58M (-15.6%)
47.71M
est: 47.32M (+0.8%)
49.15M
est: 50.78M (-3.2%)
3.99M
est: 46.25M (-91.4%)
2.03M
est: 2.95M (-31.1%)
12.99M
est: 1.96M (+561.3%)
28.65M
est: 12.08M (+137.2%)
-7.96M
est: 15.82M (-150.3%)
16.52M
est: -7.54M (+319.1%)
26.77M
est: 18.18M (+47.3%)
37.48M
est: 28.06M (+33.6%)
47.64M
est: 38.17M (+24.8%)
54.17M
est: 51.42M (+5.3%)
64.84M
est: 62.23M (+4.2%)
73.69M
est: 71.49M (+3.1%)
9.23M
est: 61.31M (-84.9%)
73.26M
est: 68.23M (+7.4%)
47.82M
est: 72.70M (-34.2%)
41.00M
est: 50.58M (-18.9%)
51.70M
est: 50.20M (+3.0%)
44.60M
est: 51.25M (-13.0%)
51.98M
50.92M – 53.02M
+1.4% YoY
54.05M
53.03M – 55.65M
+4.0% YoY
56.62M
56.62M – 56.62M
+4.8% YoY
58.36M
57.22M – 59.82M
+3.1% YoY
61.68M
60.47M – 63.22M
+5.7% YoY
Net Income
28.71M
est: 33.70M (-14.8%)
33.64M
est: 31.44M (+7.0%)
34.50M
est: 34.35M (+0.4%)
31.30M
est: 35.78M (-12.5%)
57.87M
est: 32.73M (+76.8%)
29.08M
est: 61.71M (-52.9%)
30.25M
est: 30.91M (-2.1%)
-6.22M
est: 48.62M (-112.8%)
-752.0K
est: -5.07M (+85.2%)
7.35M
est: -826.8K (+989.0%)
7.26M
est: 7.58M (-4.2%)
-5.68M
est: 7.01M (-181.1%)
14.10M
est: -5.66M (+349.2%)
19.86M
est: 15.92M (+24.7%)
28.15M
est: 22.02M (+27.8%)
37.35M
est: 28.69M (+30.2%)
42.50M
est: 40.32M (+5.4%)
51.96M
est: 49.50M (+5.0%)
58.24M
est: 57.29M (+1.7%)
2.37M
est: 48.46M (-95.1%)
54.81M
est: 53.93M (+1.6%)
26.80M
est: 22.69M (+18.1%)
18.60M
est: 21.60M (-13.9%)
31.00M
est: 38.87M (-20.3%)
14.40M
est: 31.73M (-54.6%)
38.00M
33.61M – 39.41M
+19.8% YoY
42.14M
39.53M – 47.57M
+10.9% YoY
49.41M
46.42M – 53.20M
+17.3% YoY
52.94M
51.59M – 54.66M
+7.1% YoY
59.55M
58.04M – 61.49M
+12.5% YoY
SGA
est: 83.79M (-100.0%)
est: 79.86M (-100.0%)
est: 84.64M (-100.0%)
est: 82.24M (-100.0%)
est: 83.73M (-100.0%)
est: 88.35M (-100.0%)
est: 90.93M (-100.0%)
est: 87.00M (-100.0%)
est: 75.30M (-100.0%)
est: 87.02M (-100.0%)
est: 86.40M (-100.0%)
est: 83.37M (-100.0%)
78.40M
est: 82.66M (-5.2%)
90.43M
est: 90.88M (-0.5%)
94.63M
est: 103.61M (-8.7%)
94.82M
est: 113.10M (-16.2%)
95.97M
est: 122.39M (-21.6%)
113.74M
est: 136.41M (-16.6%)
110.60M
est: 147.97M (-25.3%)
109.49M
est: 110.03M (-0.5%)
121.57M
est: 122.46M (-0.7%)
156.32M
est: 130.48M (+19.8%)
173.90M
est: 110.80M (+56.9%)
127.20M
est: 109.96M (+15.7%)
est: 112.26M (-100.0%)
113.86M
111.55M – 116.15M
+1.4% YoY
118.39M
116.16M – 121.90M
+4.0% YoY
124.03M
124.02M – 124.03M
+4.8% YoY
127.84M
125.34M – 131.03M
+3.1% YoY
135.10M
132.46M – 138.47M
+5.7% YoY
EPS
0.18
est: 0.17 (+6.5%)
0.21
est: 0.19 (+12.9%)
0.22
est: 0.18 (+20.6%)
0.18
est: 0.20 (-7.9%)
0.36
est: 0.17 (+114.9%)
0.18
est: 0.18 (+1.4%)
0.19
est: 0.19 (+1.5%)
-0.04
est: 0.12 (-130.9%)
0.00
est: 0.05 (-107.7%)
0.04
est: 0.04 (-4.6%)
0.04
est: 0.05 (-26.8%)
-0.03
est: 0.05 (-157.3%)
0.07
est: 0.06 (+8.9%)
0.10
est: 0.09 (+12.0%)
0.14
est: 0.14 (-2.0%)
0.19
est: 0.18 (+6.9%)
0.22
est: 0.21 (+5.0%)
0.26
est: 0.25 (+3.4%)
0.29
est: 0.29 (+1.3%)
0.01
est: 0.09 (-87.0%)
0.27
est: 0.29 (-6.0%)
0.11
est: 0.31 (-64.3%)
0.07
est: 0.09 (-13.9%)
0.12
est: 0.15 (-21.2%)
0.06
est: 0.13 (-54.9%)
0.15
0.13 – 0.15
+17.9% YoY
0.17
0.16 – 0.19
+16.1% YoY
0.20
0.18 – 0.21
+13.7% YoY
0.21
0.20 – 0.21
+5.7% YoY
0.23
0.23 – 0.24
+12.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A- 4/5 5/5 3/5 4/5 2/5 2/5 4/5
2026-05-28 A- 4/5 5/5 3/5 4/5 2/5 2/5 4/5
2026-05-27 A- 4/5 5/5 3/5 4/5 2/5 2/5 4/5
2026-05-26 A- 4/5 5/5 3/5 4/5 2/5 2/5 4/5
2026-05-22 A- 4/5 5/5 3/5 4/5 2/5 2/5 4/5
2026-05-21 A- 4/5 5/5 3/5 4/5 2/5 2/5 4/5
2026-05-20 A- 4/5 5/5 3/5 4/5 2/5 2/5 4/5
2026-05-19 A- 4/5 5/5 3/5 4/5 2/5 2/5 4/5
2026-05-18 A- 4/5 5/5 3/5 4/5 2/5 2/5 4/5
2026-05-15 A- 4/5 5/5 3/5 4/5 2/5 2/5 4/5
2026-05-14 A- 4/5 5/5 3/5 4/5 2/5 2/5 4/5
2026-05-13 A- 4/5 5/5 3/5 4/5 2/5 2/5 4/5
2026-05-12 A- 4/5 5/5 3/5 4/5 2/5 2/5 4/5
2026-05-11 A- 4/5 5/5 3/5 4/5 2/5 2/5 4/5
2026-05-08 A- 4/5 5/5 3/5 4/5 2/5 2/5 4/5
2026-05-07 A- 4/5 5/5 3/5 4/5 2/5 2/5 4/5
2026-05-06 A- 4/5 5/5 3/5 4/5 2/5 2/5 4/5
2026-05-05 A- 4/5 5/5 3/5 4/5 2/5 2/5 4/5
2026-05-01 A- 4/5 5/5 3/5 4/5 2/5 2/5 4/5
2026-04-30 A- 4/5 5/5 3/5 4/5 2/5 2/5 4/5
2026-04-29 A- 4/5 5/5 3/5 5/5 1/5 2/5 4/5
2026-04-28 A- 4/5 5/5 3/5 5/5 1/5 2/5 4/5
2026-04-27 A- 4/5 5/5 3/5 5/5 1/5 2/5 4/5
2026-04-24 A- 4/5 5/5 3/5 5/5 1/5 2/5 4/5
2026-04-23 B+ 3/5 5/5 3/5 5/5 1/5 1/5 4/5
2026-04-22 B+ 3/5 5/5 3/5 5/5 1/5 1/5 4/5
2026-04-21 B+ 3/5 5/5 3/5 5/5 1/5 1/5 4/5
2026-04-20 B+ 3/5 5/5 3/5 5/5 1/5 1/5 4/5
2026-04-17 B+ 3/5 5/5 3/5 5/5 1/5 1/5 4/5
2026-04-16 B+ 3/5 5/5 3/5 5/5 1/5 1/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
38.30M
OE per share TTM
0.15
Owner's Yield
10.72%
Maintenance CapEx ratio
591.71%
Maint CapEx / Avg PPE
42.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 33 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Amundi Prime UK Mid & Small Cap UCITS ETF DR - GBP (D) PRUK.L 0.18% 772.4K 0.05%
2 Vanguard FTSE 250 UCITS ETF VMIG.MI 0.11% 2.81M 0.10%
3 Vanguard FTSE 250 UCITS ETF (GBP) Distributing VMID.DE 0.11% 2.81M 0.10%
4 Dimensional - International Small Cap ETF DFIS 0.02% 1.39M 0.39%
5 Schwab International Small-Cap Equity ETF SCHC 0.02% 984.6K 0.06%
6 Schwab Fundamental International Small Company Index ETF FNDC 0.02% 464.9K 0.39%
7 Avantis International Small Cap Equity ETF AVDS 0.01% 44.0K 0.30%
8 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.01% 1.62M 0.06%
9 State Street SPDR FTSE UK All Share UCITS ETF (Dist) FTAD.L 0.01% 91.8K 0.20%
10 State Street SPDR FTSE UK All Share UCITS ETF (Acc) FTAL.L 0.01% 91.8K 0.20%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
18.3K
Shares Outstanding
252.85M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Justin Lockwood Chief Financial Officer & Director 625.0K male
Simon Gerald Bourne Chief Executive Officer & Director 619.0K male
Jo Holmes Head of ESG Engagement female
Michael Edwards Head of Sustainability
Shiv Sibal Chief Legal Officer & Group Company Secretary male
Susan Barclay Managing Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits