Added to YB: 2024-03-04
Pitch date: 2024-03-01
MACF.L [bullish]
Macfarlane Group PLC
-38.46%
current return
Author Info
No bio for this author
Company Info
Macfarlane Group PLC, through its subsidiaries, designs, manufactures, and distributes protective packaging products to businesses in the United Kingdom and Europe.
Market Cap
GBP 107.7M
Pitch Price
GBP 1.17
Price Target
N/A
Dividend
5.37%
EV/EBITDA
4.65
P/E
9.06
EV/Sales
0.61
Sector
Trading Companies and Distributors
Category
dividend
The Dividend Note - 30+ years of dividend growth - $MACF.L
MACF.L: FY24 forecast 3.1% yield, £195M mkt cap. Rev -3% to £280.7M, EPS -5% to 9.44p, but op profit +3% to £22.1M, margin 7.9%. Mfg sales +16% to £35.8M, op profit +26% to £5.6M. Packaging -6% to £244.9M but good EU sales & acquisitions. £0.5M net cash after £16.6M on M&A/capex, 14.8% ROCE. Div +5% to 3.59p/shr, growth to continue. Mgmt confident in 2024 progress on new biz, M&A, mgmt. Shore 12.4p/shr est, 10 P/E - shares reasonably priced, a buy.
Read full article (2 min)