Added to YB: 2026-07-28
Pitch date: 2026-07-25
MARS.L [bullish]
Marston's PLC
+1.96%
current return
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
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 320.9M
Pitch Price
GBP 0.51
Price Target
1.04 (+105%)
Dividend
N/A
EV/EBITDA
8.12
P/E
4.30
EV/Sales
1.79
Sector
Hotels, Restaurants and Leisure
Category
turnaround
Oak Bloke Bon Couers Quand Couers 25th July - Marston's PLC
MARS.L: UK pub co down 15% on 1.6% LFL rev decline, but Oak Bloke sees mispricing — margin expansion (>200bps EBITDA vs FY24, ahead of CMD target) drives FY26 PBT to £78.5m consensus (+8.9% YoY). Bull case now 56.7% probable. Fair value ~104p vs ~50p = 108% upside; downside protected by real estate & securitised debt to 2058.
Read full article (3 min)