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Marlowe

AIM:MRL
Snowflake Description

Reasonable growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MRL
AIM
£201M
Market Cap
  1. Home
  2. GB
  3. Commercial Services
Company description

Marlowe plc provides fire and security, water treatment, and air hygiene services in the United Kingdom. The last earnings update was 151 days ago. More info.


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MRL Share Price and Events
7 Day Returns
-0.7%
AIM:MRL
0.8%
GB Commercial Services
-0.4%
GB Market
1 Year Returns
5%
AIM:MRL
17.6%
GB Commercial Services
4.5%
GB Market
MRL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Marlowe (MRL) -0.7% -2.2% 5.5% 5% 47.6% 545.6%
GB Commercial Services 0.8% 1.4% 5.6% 17.6% 13.7% 10.6%
GB Market -0.4% 1.7% 4.7% 4.5% 6.9% 2.9%
1 Year Return vs Industry and Market
  • MRL underperformed the Commercial Services industry which returned 17.6% over the past year.
  • MRL matched the United Kingdom of Great Britain and Northern Ireland Market (4.5%) over the past year.
Price Volatility
MRL
Industry
5yr Volatility vs Market

Value

 Is Marlowe undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Marlowe to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Marlowe.

AIM:MRL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.7%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AIM:MRL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.66
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.66 (1 + (1- 19%) (13.81%))
0.822
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.822 * 6.65%)
6.69%

Discounted Cash Flow Calculation for AIM:MRL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Marlowe is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

AIM:MRL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 6.69%)
2020 7.60 Analyst x2 7.12
2021 9.43 Analyst x3 8.29
2022 12.00 Analyst x2 9.88
2023 13.90 Est @ 15.8% 10.72
2024 15.48 Est @ 11.43% 11.20
2025 16.78 Est @ 8.37% 11.38
2026 17.82 Est @ 6.23% 11.33
2027 18.67 Est @ 4.73% 11.12
2028 19.35 Est @ 3.68% 10.80
2029 19.92 Est @ 2.94% 10.42
Present value of next 10 years cash flows £102.00
AIM:MRL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £19.92 × (1 + 1.23%) ÷ (6.69% – 1.23%)
£368.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £368.98 ÷ (1 + 6.69%)10
£193.05
AIM:MRL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £102.00 + £193.05
£295.05
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £295.05 / 45.87
£6.43
AIM:MRL Discount to Share Price
Calculation Result
Value per share (GBP) From above. £6.43
Current discount Discount to share price of £4.39
= -1 x (£4.39 - £6.43) / £6.43
31.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Marlowe is available for.
Intrinsic value
32%
Share price is £4.39 vs Future cash flow value of £6.43
Current Discount Checks
For Marlowe to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Marlowe's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Marlowe's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Marlowe's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Marlowe's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:MRL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in GBP £0.04
AIM:MRL Share Price ** AIM (2019-11-15) in GBP £4.39
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry PE Ratio Median Figure of 24 Publicly-Listed Commercial Services Companies 18.65x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 751 Publicly-Listed Companies 17.16x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Marlowe.

AIM:MRL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:MRL Share Price ÷ EPS (both in GBP)

= 4.39 ÷ 0.04

111.27x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Marlowe is overvalued based on earnings compared to the GB Commercial Services industry average.
  • Marlowe is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Marlowe's expected growth come at a high price?
Raw Data
AIM:MRL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 111.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
42.3%per year
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry PEG Ratio Median Figure of 19 Publicly-Listed Commercial Services Companies 1.21x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 558 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

AIM:MRL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 111.27x ÷ 42.3%

2.63x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Marlowe is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Marlowe's assets?
Raw Data
AIM:MRL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in GBP £1.90
AIM:MRL Share Price * AIM (2019-11-15) in GBP £4.39
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry PB Ratio Median Figure of 31 Publicly-Listed Commercial Services Companies 1.79x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,305 Publicly-Listed Companies 1.52x
AIM:MRL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:MRL Share Price ÷ Book Value per Share (both in GBP)

= 4.39 ÷ 1.90

2.31x

* Primary Listing of Marlowe.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Marlowe is overvalued based on assets compared to the GB Commercial Services industry average.
X
Value checks
We assess Marlowe's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Marlowe has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Marlowe expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
42.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Marlowe expected to grow at an attractive rate?
  • Marlowe's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Marlowe's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Marlowe's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:MRL Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:MRL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 42.3%
AIM:MRL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 9%
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 15.9%
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.6%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AIM:MRL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:MRL Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 191 9 1
2022-03-31 193 16 9 2
2021-03-31 183 13 7 3
2020-03-31 173 8 1 3
2019-11-16
AIM:MRL Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-03-31 129 -3 2
2018-12-31 115 -2 1
2018-09-30 101 3 -1
2018-06-30 91 2 -1
2018-03-31 81 -2 -1
2017-12-31 73 0 0
2017-09-30 65 1 0
2017-06-30 56 2 0
2017-03-31 47 3 0
2016-09-30 18 1 0
2016-06-30 9 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Marlowe's earnings are expected to grow significantly at over 20% yearly.
  • Marlowe's revenue is expected to grow by 9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:MRL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Marlowe Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:MRL Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31
2022-03-31 0.19 0.19 0.19 1.00
2021-03-31 0.15 0.16 0.15 2.00
2020-03-31 0.02 0.03 0.01 2.00
2019-11-16
AIM:MRL Past Financials Data
Date (Data in GBP Millions) EPS *
2019-03-31 0.04
2018-12-31 0.01
2018-09-30 -0.01
2018-06-30 -0.02
2018-03-31 -0.02
2017-12-31 0.00
2017-09-30 0.01
2017-06-30 0.01
2017-03-31 0.01
2016-09-30 0.00
2016-06-30 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Marlowe will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Marlowe's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Marlowe has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Marlowe performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Marlowe's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Marlowe's year on year earnings growth rate has been positive over the past 5 years.
  • Marlowe has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Marlowe has become profitable in the last year making it difficult to compare the GB Commercial Services industry average.
Earnings and Revenue History
Marlowe's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Marlowe Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:MRL Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 128.50 1.50 37.30
2018-12-31 114.75 0.50 32.15
2018-09-30 101.00 -0.50 27.00
2018-06-30 90.80 -0.60 23.80
2018-03-31 80.60 -0.70 20.60
2017-12-31 72.85 -0.15 19.30
2017-09-30 65.10 0.40 18.00
2017-06-30 55.95 0.35 15.70
2017-03-31 46.80 0.30 13.40
2016-09-30 17.64 -0.10 5.23
2016-06-30 8.82 -0.25 2.62
2016-03-31 -0.40
2015-09-30 0.02 0.01 0.10
2015-06-30 0.01 0.02 0.08
2015-03-31 0.03 0.07
2014-12-31 0.00 0.03 0.07
2014-09-30 0.01 0.02 0.07
2014-06-30 0.00 0.02 0.07
2014-03-31 0.02 0.07
2013-12-31 -0.02 0.02 0.07
2013-09-30 -0.04 0.02 0.07
2013-06-30 -0.02 0.04 0.06
2013-03-31 0.06 0.06
2012-12-31 0.01 0.07 0.06

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Marlowe has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Marlowe used its assets less efficiently than the GB Commercial Services industry average last year based on Return on Assets.
  • Marlowe has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Marlowe's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Marlowe has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Marlowe's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Marlowe's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Marlowe is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Marlowe's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Marlowe's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Marlowe Company Filings, last reported 7 months ago.

AIM:MRL Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 77.50 26.70 8.20
2018-12-31 77.50 26.70 8.20
2018-09-30 68.20 11.20 17.20
2018-06-30 68.20 11.20 17.20
2018-03-31 48.10 10.00 7.70
2017-12-31 48.10 10.00 7.70
2017-09-30 48.60 7.00 10.70
2017-06-30 48.60 7.00 10.70
2017-03-31 35.00 4.80 7.80
2016-09-30 25.10 5.40 10.30
2016-06-30 25.10 5.40 10.30
2016-03-31 7.50 0.00 10.60
2015-09-30 8.31 0.00 8.29
2015-06-30 8.31 0.00 8.29
2015-03-31 3.16 0.00 3.16
2014-12-31 3.16 0.00 3.16
2014-09-30 3.15 0.00 3.17
2014-06-30 3.15 0.00 3.17
2014-03-31 3.13 0.00 3.13
2013-12-31 3.13 0.00 3.13
2013-09-30 3.12 0.00 3.14
2013-06-30 3.12 0.00 3.14
2013-03-31 3.12 0.00 3.11
2012-12-31 3.12 0.00 3.11
  • Marlowe's level of debt (34.5%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Marlowe's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 11.5x coverage).
X
Financial health checks
We assess Marlowe's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Marlowe has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Marlowe's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Marlowe dividends. Estimated to be 0% next year.
If you bought £2,000 of Marlowe shares you are expected to receive £0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Marlowe's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Marlowe's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AIM:MRL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 2.8%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 680 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AIM:MRL Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 0.00 1.00
2022-03-31 0.00 1.00
2021-03-31 0.00 1.00
2020-03-31 0.00 1.00
2019-11-16

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Marlowe has not reported any payouts.
  • Unable to verify if Marlowe's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Marlowe's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Marlowe has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Marlowe's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess Marlowe's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Marlowe afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Marlowe has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Marlowe's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Alex Dacre
COMPENSATION £298,000
CEO Bio

Mr. Alex Dacre serves as the Chief Executive Officer of Marlowe plc ( also known as Marlowe Holdings Limited). Mr. Dacre has background in the quoted business-to-business services sector and an expertise in executing buy-and-build growth strategies. He directed Impellam Group plc’s corporate development activities. He worked with for Restore plc. He has been a Director of Marlowe plc ( also known as Marlowe Holdings Limited) since May 14, 2015.

CEO Compensation
  • Alex's compensation has increased in line with Marlowe recently becoming profitable.
  • Alex's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Alex Dacre

TITLE
CEO & Director
COMPENSATION
£298K

Mark Adams

TITLE
Group Finance Director & Director
COMPENSATION
£179K
AGE
54
TENURE
1.8 yrs

Rob Flinn

TITLE
Chief Executive of Fire & Security Division
AGE
47

Phil Greenwood

TITLE
Chief Executive of Water Businesses

Matthew Allen

TITLE
Company Secretary
Board of Directors Tenure

Average tenure and age of the Marlowe board of directors in years:

4.5
Average Tenure
58.5
Average Age
  • The tenure for the Marlowe board of directors is about average.
Board of Directors

Kevin Quinn

TITLE
Non-Executive Chairman
COMPENSATION
£11K
AGE
59
TENURE
0.6 yrs

Alex Dacre

TITLE
CEO & Director
COMPENSATION
£298K
TENURE
4.5 yrs

Mark Adams

TITLE
Group Finance Director & Director
COMPENSATION
£179K
AGE
54
TENURE
1.8 yrs

Peter Michael Gaze

TITLE
Non-Executive Director
COMPENSATION
£35K
AGE
68
TENURE
13.8 yrs

Charles Anthony Skinner

TITLE
Non-Executive Director
COMPENSATION
£23K
AGE
58
TENURE
4.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Marlowe individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
18. Sep 19 Buy Mark Adams Individual 18. Sep 19 18. Sep 19 7,500 £4.00 £29,962
03. Sep 19 Buy Alex Dacre Individual 03. Sep 19 03. Sep 19 5,100 £3.87 £19,737
X
Management checks
We assess Marlowe's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Marlowe has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Could Marlowe plc's (LON:MRL) Investor Composition Influence The Stock Price?

Our analysis of the ownership of the company, below, shows that institutional investors have bought into the company. … See our latest analysis for Marlowe AIM:MRL Ownership Summary, September 4th 2019 What Does The Institutional Ownership Tell Us About Marlowe? … Insider Ownership Of Marlowe While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

Does Marlowe plc's (LON:MRL) CEO Pay Matter?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … See our latest analysis for Marlowe How Does Alex Dacre's Compensation Compare With Similar Sized Companies? … This would give shareholders a good impression of the company, since most similar size companies have to pay more, leaving less for shareholders.

Simply Wall St -

Does Market Volatility Impact Marlowe plc's (LON:MRL) Share Price?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … View our latest analysis for Marlowe What we can learn from MRL's beta value Given that it has a beta of 1.15, we can surmise that the Marlowe share price has been fairly sensitive to market volatility (over the last 5 years).

Simply Wall St -

A Look At The Fair Value Of Marlowe plc (LON:MRL)

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) estimate 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF (£, Millions) £7.7m £8.5m £10.0m £11.2m £12.2m £13.0m £13.7m £14.2m £14.6m £15.0m Growth Rate Estimate Source Analyst x1 Analyst x2 Analyst x1 Est @ 12.14% Est @ 8.86% Est @ 6.57% Est @ 4.97% Est @ 3.85% Est @ 3.06% Est @ 2.51% Present Value (£, Millions) Discounted @ 6.75% £7.2 £7.4 £8.2 £8.6 £8.8 £8.8 £8.6 £8.4 £8.1 £7.8 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= £82.0m The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 6.8%. … AIM:MRL Intrinsic value, July 27th 2019 The assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

Is Marlowe plc's (LON:MRL) ROE Of 1.9% Concerning?

One way to conceptualize this, is that for each £1 of shareholders' equity it has, the company made £0.019 in profit. … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Marlowe: 1.9% = UK£1.5m ÷ UK£78m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

Simply Wall St -

Will Marlowe plc's (LON:MRL) Earnings Grow In Next 12 Months?

As Marlowe plc (LON:MRL) released its latest earnings announcement on 31 March 2019, analyst forecasts appear to be bearish, with profits predicted to drop by 17% next year compared with the past 5-year average growth rate of 16%. … To understand the overall trajectory of MRL's earnings growth over these next fews years, I've fitted a line through these analyst earnings forecast to determine an annual growth rate from the slope. … AIM:MRL Past and Future Earnings, June 21st 2019 By 2022, MRL's earnings should reach UK£9.0m, from current levels of UK£1.5m, resulting in an annual growth rate of 42%.

Simply Wall St -

Shareholders Should Look Hard At Marlowe plc’s (LON:MRL) 6.1% Return On Capital

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Marlowe: 0.061 = UK£6.9m ÷ (UK£149m - UK£35m) (Based on the trailing twelve months to March 2019.) Therefore, Marlowe has an ROCE of 6.1%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. … This very reasonable level of current liabilities would not boost the ROCE by much.

Simply Wall St -

Is Marlowe plc's (LON:MRL) CEO Paid Enough Relative To Peers?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … Check out our latest analysis for Marlowe How Does Alex Dacre's Compensation Compare With Similar Sized Companies? … A first glance this seems like a real positive for shareholders, since Alex Dacre is paid less than the average total compensation paid by similar sized companies.

Simply Wall St -

Estimating The Fair Value Of Marlowe plc (LON:MRL)

I will use the Discounted Cash Flow (DCF) model! … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model. … The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period.

Simply Wall St -

The Marlowe (LON:MRL) Share Price Has Soared 545%, Delighting Many Shareholders

It hasn't been the best quarter for Marlowe plc (LON:MRL) shareholders, since the share price has fallen 19% in that time. … In fact, during that period, the share price climbed 545%. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).

Simply Wall St -

Company Info

Description

Marlowe plc provides fire and security, water treatment, and air hygiene services in the United Kingdom. It operates through two segments, Fire Protection & Security Systems, and Water Treatment & Air Quality. The company designs, installs, and maintains fire protection and security systems for retailers, banks, and housing associations, as well as leisure, education, retail, local authority customers; and provides integrated water treatment, hygiene, testing, and engineering services. It is also involved in the installation and maintenance of fire suppression systems; and provision of ventilation maintenance, ductwork cleaning and management, kitchen extract cleaning, and contamination remediation services to national hotel and leisure providers, airports, NHS trusts, universities, local authorities, and FTSE Companies. The company was formerly known as Marlowe Holdings Limited. Marlowe plc was incorporated in 2006 and is based in London, the United Kingdom.

Details
Name: Marlowe plc
MRL
Exchange: AIM
Founded: 2006
£201,365,265
45,869,081
Website: http://www.marloweplc.com
Address: Marlowe plc
20 Grosvenor Place,
London,
Greater London, SW1X 7HN,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM MRL Ordinary Shares London Stock Exchange AIM Market GB GBP 26. Oct 2007
Number of employees
Current staff
Staff numbers
2,000
Marlowe employees.
Industry
Security and Alarm Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/16 22:34
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/10/16
Last earnings filing: 2019/06/18
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.