Added to YB: 2025-11-07
Pitch date: 2025-11-05
MARS.L [bullish]
Marston's PLC
+12.65%
current return
Author Info
No bio for this author
Company Info
Marston's PLC engages in the hospitality business in the United Kingdom. Its hospitality business consists of estate of pubs comprising managed, franchised, and tenanted and leased pubs.
Market Cap
GBP 304.4M
Pitch Price
GBP 0.47
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.04
P/E
4.08
EV/Sales
1.77
Sector
Hotels, Restaurants and Leisure
Category
turnaround
($MARS.L) MARSTON'S PLC
MARS.L: UK pub operator with 1339 pubs valued at £2.1B vs £1.2B EV. New mgmt cutting debt from £1.2B to £880M, sold brewing unit for 14x EBITDA to Carlsberg. Trades 0.4x tangible book value, 8x EBITDA vs brewing at 14x. Risks: securitized debt structure limits flexibility. Upside: £50M+ FCF guidance, deleveraging catalyst.
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