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Marston's (MARS)

Sector:

Travel & Leisure

Index:

FTSE 250

Market Cap

£233.66m

Change Today

Price Down-3.50p (-3.91%)

Share Price

86.00p

Marston's Overview

Pub operator, Wolverhampton & Dudley, is one of the leading independent brewer and pub groups in the UK, and has a 1,600-strong estate through its Pathfinder and Union Pub chains. The group also brews Banks's Original and Mansfield Bitter ales.

1 Day Chart (21-Nov-2008)

1 Day Chart

6 Month Chart

6 Month Chart

Income & Efficiency

Latest F'cast
Div Yield 14.9% 14.0%
Div Cover 2.0 1.8
Op Mrgn 24.6% 13.0%
ROCE 8.4%  

Valuation

Latest F'cast
P/E 3.3 3.4
PEG 0.3 n/a
Pr/Revenue 0.4 0.3
Pr/Book 0.3  

Growth

Latest F'cast
Revenue 9.6% 3.9%
PBT -6.7% -6.6%
EPS 10.1% -3.3%
DPS 20.0% 6.3%

Marston's Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
02-Oct-03 a490.50 a59.60 17.23p 10.7 1.1 +10% 8.03p 4.4%
02-Oct-04 a513.70 a70.20 18.95p 11.7 1.2 +10% 8.83p 4.0%
01-Oct-05 556.10 54.20 20.85p 14.2 1.4 +10% 9.71p 3.3%
30-Sep-06 595.50 101.50 23.80p 15.1 1.1 +14% 10.69p 3.0%
29-Sep-07 652.80 94.70 26.20p 12.9 1.3 +10% 12.83p 3.8%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

Marston's Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
30-Sep-08 678.32 88.44 25.19p 3.4 n/a -3% 13.64p 14.0%
30-Sep-09 678.73 79.93 22.34p 3.9 n/a -11% 13.99p 14.2%

Covering analysts: ABN AMRO, Altium Securities, Blue Oar Securities, Brewin Dolphin Securities, Charles Stanley & Co, Citigroup Investment Research, Deutsche Bank Research, Evolution Securities, Fyshe Horton Finney, Goldman Sachs, Investec Securities, JP Morgan, KBC Peel Hunt, Merrill Lynch, Oriel Securities, Panmure Gordon, Shore Capital Stockbrokers, Singer Capital Markets, Teathers Limited

Marston's Company Announcements

Total Voting Rights 28-Oct-2008 14:22 RNS
Trading Statement 15-Oct-2008 07:00 RNS
Treasury Stock 09-Oct-2008 09:35 RNS

Marston's ShareCast News

Thursday tips focus: Experian, Autonomy, Sportin... 16-Oct-2008 ShareCast
Thursday tips round-up: Experian, Autonomy, Mars... 16-Oct-2008 ShareCast
London afternoon: Divi deal lifts Lloyds and HBOS 15-Oct-2008 ShareCast

Marston's Top Newspaper Links

Marston's warns of climbing costs 16-Oct-2008 The Scotsman
Brewer's droop 16-Oct-2008 Sun
Director dealings - Hansteen builds on deal 06-Jul-2008 Scotland on Sunday

Latest Marston's Director Deals

No deals were found in the last 28 days.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 6: Forecast figures based on normalised accounts.

 

Marston's Market Data

Currency UK Pounds
Share Price 86.00p Price Down
Change Today -3.50p
52 Week High 340.75
52 Week Low 85.00
Volume 1,133,013
Shares Issued 271.69m
Market Cap £233.66m
Beta 0.88
RiskGrade 376

Marston's Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
89.26% above the market average89.26% above the market average89.26% above the market average89.26% above the market average89.26% above the market average
78.85% above the sector average78.85% above the sector average78.85% above the sector average78.85% above the sector average78.85% above the sector average
Price Trend
62.64% below the market average62.64% below the market average62.64% below the market average62.64% below the market average62.64% below the market average
62.5% below the sector average62.5% below the sector average62.5% below the sector average62.5% below the sector average62.5% below the sector average
Income
92.18% above the market average92.18% above the market average92.18% above the market average92.18% above the market average92.18% above the market average
92.31% above the sector average92.31% above the sector average92.31% above the sector average92.31% above the sector average92.31% above the sector average
Growth
44.41% below the market average44.41% below the market average44.41% below the market average44.41% below the market average44.41% below the market average
54% below the sector average54% below the sector average54% below the sector average54% below the sector average54% below the sector average

What The Brokers Say

Strong Buy 5
Buy 2
Neutral 5
Sell 1
Strong Sell 1
Total 14
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Marston's Dividends

  Latest Previous
  Interim Final
Ex-Div 04-Jun-08 02-Jan-08
Paid 27-Jun-08 31-Jan-08
Amount 4.80p 8.47p

Trades for 21-Nov-2008

Time Volume / Share Price
16:46 295 @ 91.00p
16:35 132,194 @ 86.00p
16:29 3,315 @ 86.25p
16:29 5,627 @ 86.25p
16:29 4,061 @ 86.25p

Marston's Key Personnel

Finance Director Paul Inglett
CEO Ralph Graham Findlay

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4th Floor, Bankside House, 107 Leadenhall Street, London EC3A 4AF.
Registered in England and Wales (registered no. 3678570).