Professional
Added to YB: 2024-03-07
Pitch date: 2024-03-07
MRL.L [bullish]
Marlowe plc
+116.63%
current return
Author Info
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Company Info
Marlowe plc provides business-critical services in the United Kingdom. The company offers fire risk assessments, design and installation of fire systems, monitoring and maintenance, design and installation of security systems, security monitoring solutions, and technical support services.
Market Cap
GBP 258.7M
Pitch Price
GBP 2.03
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.06
P/E
-122.32
EV/Sales
0.61
Sector
Professional Services
Category
N/A
Marlowe (MRL.L)
MRL:L: £5.06. Selling 58% of EV for £405m. £150m+ special dividend (30%+ of market cap). RemainCo at 5.7x FY23 EBITDA vs peers 11-14x. Two segments: TIC (75% of RemainCo) and OH (25%). Stable, recurring revenue businesses. CEO leaving with sold assets. Focus shift to organic growth and FCF. Potential further upside from RemainCo sale. Risks: transaction approval, integration of remaining businesses.
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