Added to YB: 2024-03-11
Pitch date: 2024-03-06
MACF.L [bullish]
Macfarlane Group PLC
-39.43%
current return
Author Info
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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 1.19
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
turnaround
Macfarlane Group FY 23 Recap
MACF.L: Tough market with -8% organic revs, yet impressively grew gross margins to 37.6% from 33.8%; hidden profitability via M&A, superb cost mgt. £11.55m for £15.3m revenue & £3.4m profit buys in '22/'23. Ready cash £7.7m, Debt/EBITDA <1 for further deals. Eyes on '24 M&A, e-comm boost, EU expansion & £0.4m cost savings from site consolidation despite flat year outlook. EV/adj EBIT at 8x, EV/FCF at 7x—11% FCF yield. Steady with 10% IRR & low risk; small cap/UK sentiment could lift multiples.
Read full article (3 min)