Added to YB: 2024-03-29
Pitch date: 2024-03-29
MBH.L [bullish]
Michelmersh Brick Holdings plc
-18.39%
current return
Author Info
Roland Head is a private investor focusing on UK dividend stocks. Sign up for the newsletter.
Company Info
Michelmersh Brick Holdings plc, together with its subsidiaries, manufactures bricks and brick prefabricated products in the United Kingdom and Europe.
Market Cap
GBP 66.0M
Pitch Price
GBP 0.91
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.93
P/E
N/A
EV/Sales
1.00
Sector
Construction Materials
Category
value
The Dividend Note – MBH.L
MBH.L: Strong 2023 results, revenue +13% (organic +1.3%), earnings ahead of expectations. Dividend +5.9% to 4.5p (4.5% yield). £11m net cash, undrawn £20m facility. Premium products may protect against oversupply. 2024 outlook uncertain but shares at 9.5x earnings, <1x book, 4.5% yield look attractive long-term under 100p.
Read full article (2 min)