Marshall Motor Holdings (MMH)

Business description

Marshall Motor is the seventh largest UK motor retailer, operating 103 franchises spread across 24 brands at 89 locations. It is one of six UK dealership groups that represent each of the top five volume and premium brands. The group has a strong presence in eastern and southern England.

Stock data

Market cap.£117.3m
Last close151.50p
High / Low (52 weeks)213.0p / 133.5p
Stock market listingLN
Forecast net debt (£m)121.2
Forecast gearing ratio (%)75
TeamIndustrials
SectorAutomotive Retailers

Price performance

%1m3m12m
Actual(11.4)(7.9)(0.7)
Relative *(15.5)(10.9)(18)

* % Relative to local index

Other companies in sector Show

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2015A 1232.8 22.8 15.8 15.8 9.6 3.0
2016A 1899.4 38.6 25.4 26.2 5.8 1.2
2017E 2263.1 43.9 26.5 26.8 5.7 1.8
2018E 2289.5 44.2 27.2 27.5 5.5 1.6

Last updated on 11/05/2017

Latest research

Investment summary

As Marshall Motor (MMH) celebrates the second anniversary of its flotation on AIM, it can reflect positively on the continuation of its strong growth record, which has driven it to rank seventh among UK automotive retailing groups. The strong brand coverage and excellent relationships with major manufacturers should continue to deliver growth opportunities, despite potentially tougher market conditions. Our fair value for MMH currently stands at 214p per share.

Last updated on 11/05/2017

Key management

Daksh Gupta, CEO
Chris Baird , Corporate Finance/IR
Mark Leeder, Head of Commercial Finance

Company address

Airport House
The Airport, Newmarket Road, Cambridge
CB5 8RY
United Kingdom
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