Added to YB: 2024-04-24
Pitch date: 2024-04-08
MKS.L [bullish]
Marks and Spencer Group plc
+27.03%
current return
Author Info
No bio for this author
Company Info
Marks and Spencer Group plc operates various retail stores. It operates through Fashion, Home & Beauty; Food; International; and Ocado segments.
Market Cap
GBP 7.0B
Pitch Price
GBP 2.51
Price Target
300.00 (+9322%)
Dividend
1.04%
EV/EBITDA
10.86
P/E
367.90
EV/Sales
0.64
Sector
Consumer Staples Distribution and Retail
Category
growth
RBC Capital Markets Investment Thesis: Marks and Spencer Group plc
MKS.L: M&S making progress in Food (value perception) & Clothing (digital, 3rd-party brands). 10x CY24E P/E undemanding given execution & performance. FY results 5/22, upside to FY24 PBT on Food sales & Clothing margins. PT 300p based on DCF (2% 10yr sales CAGR, 6.5% terminal EBIT margin) & SOTP. Risks: UK exposure, strategy execution, int'l performance, Ocado JV.
Read full article (2 min)