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Mitchells & Butlers(MAB)

Sector:

Travel & Leisure

Index:

FTSE 250

Market Cap

£1,065.71m

Change Today

Price Up16.50p

Share Price

264.00p

MAB Overview

Pubs group Mitchells & Butlers has apparently fought off several bid attempts already in its short life as an independent. Spun out of Six Continents in 2002, MAB brands include O’Neill’s and All Bar One.

1 Day Chart (23-Jul-2008)

1 Day Chart

6 Month Chart

6 Month Chart

Income & Efficiency

Latest F'cast
Div Yield 5.4% 7.0%
Div Cover -0.2 1.9
Op Mrgn 16.9% 9.0%
ROCE 6.7%  

Valuation

Latest F'cast
P/E n/a 9.0
PEG n/a n/a
Pr/Revenue 0.6 0.6
Pr/Book 0.7  

Growth

Latest F'cast
Revenue 10.1% 1.1%
PBT n/a n/a
EPS n/a -14.3%
DPS 16.3% 7.4%

MAB Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
25-Sep-03 a1,504.00 a165.00 20.30p 11.6 n/a -9% 5.65p 2.4%
25-Sep-04 a1,560.00 a171.00 20.90p 12.4 4.1 +3% 9.50p 3.7%
01-Oct-05 1,662.00 190.00 26.00p 14.0 0.6 +24% 10.75p 2.9%
30-Sep-06 1,720.00 220.00 39.70p 14.8 0.3 +53% 12.25p 2.1%
29-Sep-07 1,894.00 (48.00) (2.50)p n/a n/a n/a 14.25p 2.3%

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

MAB Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
30-Sep-08 1,914.38 172.03 29.27p 9.0 n/a -14% 15.31p 7.0%
30-Sep-09 1,950.01 173.26 29.74p 8.9 5.5 +2% 16.67p 7.6%

Covering analysts: ABN AMRO, Blue Oar Securities, Citigroup Investment Research, Deutsche Bank Research, Evolution Securities, Goldman Sachs, Investec Securities, JP Morgan, Kaupthing Singer & Friedlander, KBC Peel Hunt, Landsbanki Securities, Lehman Bros, Merrill Lynch, Morgan Stanley, Numis Securities, Oriel Securities, Panmure Gordon, UBS

MAB Company Announcements

Holding(s) in Company 21-Jul-2008 16:45 RNS
Holding(s) in Company 11-Jul-2008 15:00 RNS
Holding(s) in Company 07-Jul-2008 17:00 RNS

MAB ShareCast News

London close: Losses narrow despite Vodafone plu... 22-Jul-2008 ShareCast
London afternoon: Footsie still lower 22-Jul-2008 ShareCast
London midday: Wrong numbers at Vodafone 22-Jul-2008 ShareCast

MAB Top Newspaper Links

Robert Tchenguiz unwinds Mitchells & Butlers CFDs 04-Jul-2008 Telegraph
Greene King warns of tougher times ahead 04-Jul-2008 The Independent
Whitbread and Mitchells & Butlers asset swap rum... 21-Jun-2008 Telegraph

Latest MAB Director Deals

Traded Action Notifier PriceAmountValue
30-Jun-08 Transfer From Jeremy Townsend 0.000p 749 £0.00
30-Jun-08 Transfer From Adam Fowle 0.000p 1,060 £0.00
30-Jun-08 Transfer From Timothy (Tim) Clarke 0.000p 1,435 £0.00

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.

 

MAB Market Data

Currency UK Pounds
Share Price 264.00p Price Up
Change Today +16.50p
52 Week High 836.50p
52 Week Low 175.50p
Volume 5,838,897
Shares Issued 403.68m
Market Cap £1,065.71m
Beta 1.30
RiskGrade 383

MAB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
64.09% above the market average64.09% above the market average64.09% above the market average64.09% above the market average64.09% above the market average
67.57% above the sector average67.57% above the sector average67.57% above the sector average67.57% above the sector average67.57% above the sector average
Price Trend
67.17% below the market average67.17% below the market average67.17% below the market average67.17% below the market average67.17% below the market average
58.97% below the sector average58.97% below the sector average58.97% below the sector average58.97% below the sector average58.97% below the sector average
Income
34.06% above the market average34.06% above the market average34.06% above the market average34.06% above the market average34.06% above the market average
28.30% above the sector average28.30% above the sector average28.30% above the sector average28.30% above the sector average28.30% above the sector average
Growth
34.77% below the market average34.77% below the market average34.77% below the market average34.77% below the market average34.77% below the market average
50.48% below the sector average50.48% below the sector average50.48% below the sector average50.48% below the sector average50.48% below the sector average

What The Brokers Say

Strong Buy 4
Buy 1
Neutral 11
Sell 0
Strong Sell 3
Total 19
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MAB Dividends

  Latest Previous
  Interim Final
Ex-Div 28-May-08 05-Dec-07
Paid 27-Jun-08 04-Feb-08
Amount 4.55p 10.00p

Trades for --2008

Time Volume / Share Price
0 @ 0.000p

MAB Key Personnel

CEO Timothy (Tim) Clarke
Finance Director Jeremy Townsend

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