Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
/
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Marshalls plc is a leading United Kingdom-based public limited company specializing in the manufacture and sale of landscape, building, and roofing products, including natural stone, concrete hard landscaping items, and water management systems. Established with roots tracing back to the 1890s and formally incorporated in 2004, the company operates from its registered office in Elland, West Yorkshire, and serves both commercial and domestic markets across the UK and internationally. Its purpose is to create better places through innovative, sustainable solutions for the built environment, with a strong commitment to quality, expertise, and environmental responsibility, such as responsibly sourced stone and lower-carbon concrete bricks. Products from Marshalls plc are featured in homes, gardens, and iconic UK landmarks, including every location on the Monopoly board, underscoring its significant role in shaping public and private spaces.
£1.52
+£0.00 (+0.26%)
EOD Jul 3, 2026
Operating margin is thin at 7.31%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 2.1%, essentially flat. Margins also contracted 1.1pp. This is a business that needs a catalyst.
At 27x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Free cash flow declined 61% versus the prior year, cash generation momentum has weakened.
27.1x earnings, 15.2x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
£632M
▲ +2.1% YoY
Net Income (TTM)
£14M
▼ -53.5% YoY
Op. Margin
7.31%
▼ -1.1pp YoY
ROIC
4.46%
▼ -0.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
£25M
▼ -61.2% YoY
Op. Cash Flow (TTM)
£33M
▼ -53.0% YoY
Net Debt
£177M
Cash & Equiv.
£5M
3Y CAGR: -4.2%
3Y CAGR: -22.9%
Continue Research
At a P/E of 27.1 and a price-to-free-cash-flow of 15.2, Marshalls (MSLH.XLON) trades above a two-stage DCF intrinsic value of about £1.03 per share, so at £1.52 the stock looks overvalued (32.0% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Marshalls scores 23/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 5.0%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about £1.03 per share for MSLH.XLON, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around £0.78. At today's £1.52, that puts the stock about 32.0% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Marshalls scores 23 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 7.3% operating margin and a 4.5% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Marshalls pays a regular dividend of about £0.08 per share per year (typically in quarterly installments), a yield of roughly 5.0% at the current price. That is a payout ratio of about 133.3% of earnings, so the dividend is stretched at this level. Marshalls has grown the dividend at roughly 1.7% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For MSLH.XLON's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. MSLH.XLON currently trades above its estimated intrinsic value and scores 23/100 on quality (lower-quality). It also yields about 5.0%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.