Loading...

We've got a brand new version of Simply Wall St! Try it out

Michelmersh Brick Holdings

AIM:MBH
Snowflake Description

Good value with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MBH
AIM
£99M
Market Cap
  1. Home
  2. GB
  3. Materials
Company description

Michelmersh Brick Holdings Plc, through its subsidiaries, manufactures and sells bricks, tiles, and building products in the United Kingdom, Europe, and internationally. The last earnings update was 76 days ago. More info.


Add to Portfolio Compare Print
MBH Share Price and Events
7 Day Returns
0%
AIM:MBH
2.2%
GB Basic Materials
-0.4%
GB Market
1 Year Returns
26.2%
AIM:MBH
14.6%
GB Basic Materials
4.4%
GB Market
MBH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Michelmersh Brick Holdings (MBH) 0% -5.4% 26.2% 26.2% 113.1% 84.3%
GB Basic Materials 2.2% -0.6% 5.3% 14.6% 24.9% 67.2%
GB Market -0.4% 1.8% 3.8% 4.4% 6.9% 2.9%
1 Year Return vs Industry and Market
  • MBH outperformed the Basic Materials industry which returned 14.6% over the past year.
  • MBH outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 4.4% over the past year.
Price Volatility
MBH
Industry
5yr Volatility vs Market

MBH Value

 Is Michelmersh Brick Holdings 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 Michelmersh Brick Holdings 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 Michelmersh Brick Holdings.

AIM:MBH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
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:MBH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.901 (1 + (1- 19%) (24.21%))
1.052
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.052 * 6.65%)
8.22%

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

The calculations below outline how an intrinsic value for Michelmersh Brick Holdings 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:MBH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.22%)
2020 17.32 Est @ 50.85% 16.00
2021 23.55 Est @ 35.96% 20.10
2022 29.56 Est @ 25.54% 23.32
2023 34.95 Est @ 18.25% 25.48
2024 39.55 Est @ 13.14% 26.64
2025 43.33 Est @ 9.57% 26.97
2026 46.39 Est @ 7.06% 26.68
2027 48.86 Est @ 5.31% 25.96
2028 50.85 Est @ 4.09% 24.97
2029 52.50 Est @ 3.23% 23.82
Present value of next 10 years cash flows £239.00
AIM:MBH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £52.50 × (1 + 1.23%) ÷ (8.22% – 1.23%)
£759.48
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £759.48 ÷ (1 + 8.22%)10
£344.58
AIM:MBH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £239.00 + £344.58
£583.58
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £583.58 / 92.48
£6.31
AIM:MBH Discount to Share Price
Calculation Result
Value per share (GBP) From above. £6.31
Current discount Discount to share price of £1.06
= -1 x (£1.06 - £6.31) / £6.31
83.2%

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

Current Discount
Amount off the current price Michelmersh Brick Holdings is available for.
Intrinsic value
>50%
Share price is £1.06 vs Future cash flow value of £6.31
Current Discount Checks
For Michelmersh Brick Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Michelmersh Brick Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Michelmersh Brick Holdings's share price is below the future cash flow value, and 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 Michelmersh Brick Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Michelmersh Brick Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:MBH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £0.07
AIM:MBH Share Price ** AIM (2019-11-18) in GBP £1.06
United Kingdom of Great Britain and Northern Ireland Basic Materials Industry PE Ratio Median Figure of 9 Publicly-Listed Basic Materials Companies 13.78x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 752 Publicly-Listed Companies 17.09x

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

** Primary Listing of Michelmersh Brick Holdings.

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

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

= 1.06 ÷ 0.07

16.1x

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

  • Michelmersh Brick Holdings is overvalued based on earnings compared to the GB Basic Materials industry average.
  • Michelmersh Brick Holdings is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Michelmersh Brick Holdings's expected growth come at a high price?
Raw Data
AIM:MBH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
22.7%per year
United Kingdom of Great Britain and Northern Ireland Basic Materials Industry PEG Ratio Median Figure of 7 Publicly-Listed Basic Materials Companies 2.32x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 561 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Michelmersh Brick Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Michelmersh Brick Holdings's assets?
Raw Data
AIM:MBH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £0.77
AIM:MBH Share Price * AIM (2019-11-18) in GBP £1.06
United Kingdom of Great Britain and Northern Ireland Basic Materials Industry PB Ratio Median Figure of 10 Publicly-Listed Basic Materials Companies 1.49x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,305 Publicly-Listed Companies 1.52x
AIM:MBH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.06 ÷ 0.77

1.38x

* Primary Listing of Michelmersh Brick Holdings.

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

  • Michelmersh Brick Holdings is good value based on assets compared to the GB Basic Materials industry average.
X
Value checks
We assess Michelmersh Brick Holdings'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 Basic Materials 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 Basic Materials industry average (and greater than 0)? (1 check)
  5. Michelmersh Brick Holdings has a total score of 4/6, 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.

MBH Future Performance

 How is Michelmersh Brick Holdings expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Michelmersh Brick Holdings, future earnings growth has been estimated based on fundamentals.
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
22.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Michelmersh Brick Holdings expected to grow at an attractive rate?
  • Michelmersh Brick Holdings's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Michelmersh Brick Holdings's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Michelmersh Brick Holdings'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:MBH Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:MBH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 22.7%
AIM:MBH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 3.7%
United Kingdom of Great Britain and Northern Ireland Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 9.7%
United Kingdom of Great Britain and Northern Ireland Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.5%
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:MBH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:MBH Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 55 1
2020-12-31 54 1
2019-12-31 52 1
2019-11-18
AIM:MBH Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 50 13 6
2019-03-31 48 12 5
2018-12-31 46 10 5
2018-09-30 46 8 4
2018-06-30 45 6 3
2018-03-31 41 6 3
2017-12-31 38 5 2
2017-09-30 34 4 2
2017-06-30 31 4 3
2017-03-31 31 4 3
2016-12-31 30 5 4
2016-09-30 30 5 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Michelmersh Brick Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Michelmersh Brick Holdings's revenue is expected to grow by 3.7% 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:MBH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Michelmersh Brick Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:MBH Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2019-11-18
AIM:MBH Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 0.07
2019-03-31 0.06
2018-12-31 0.06
2018-09-30 0.05
2018-06-30 0.04
2018-03-31 0.03
2017-12-31 0.03
2017-09-30 0.03
2017-06-30 0.03
2017-03-31 0.04
2016-12-31 0.04
2016-09-30 0.04

*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.
  • Michelmersh Brick Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Michelmersh Brick Holdings'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.
Michelmersh Brick Holdings 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.

MBH Past Performance

  How has Michelmersh Brick Holdings 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 Michelmersh Brick Holdings's growth in the last year to its industry (Basic Materials).
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.
  • Michelmersh Brick Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Michelmersh Brick Holdings's 1-year earnings growth exceeds its 5-year average (75.8% vs 14%)
  • Michelmersh Brick Holdings's earnings growth has exceeded the GB Basic Materials industry average in the past year (75.8% vs 30.3%).
Earnings and Revenue History
Michelmersh Brick Holdings'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 Michelmersh Brick Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:MBH Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 50.35 5.82 10.26
2019-03-31 48.34 5.40 9.63
2018-12-31 46.32 4.99 8.99
2018-09-30 45.57 4.15 9.20
2018-06-30 44.82 3.31 8.85
2018-03-31 41.35 2.76 8.14
2017-12-31 37.87 2.21 7.44
2017-09-30 34.41 2.39 6.75
2017-06-30 30.95 2.57 6.07
2017-03-31 30.50 3.07 5.95
2016-12-31 30.06 3.56 5.83
2016-09-30 29.55 3.62 6.09
2016-06-30 29.04 3.69 6.35
2016-03-31 29.05 3.65 6.41
2015-12-31 29.07 3.61 6.47
2015-09-30 29.65 3.40 6.32
2015-06-30 30.22 3.20 6.17
2015-03-31 29.35 2.70 6.13
2014-12-31 28.48 2.20 6.09
2014-06-30 26.96 1.33 5.64
2014-03-31 26.44 0.72 5.45
2013-12-31 25.93 0.11 5.26
2013-06-30 24.47 0.06 5.46
2013-03-31 23.73 0.18 5.47
2012-12-31 23.00 0.29 5.48

*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.
  • Michelmersh Brick Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Michelmersh Brick Holdings used its assets less efficiently than the GB Basic Materials industry average last year based on Return on Assets.
  • Michelmersh Brick Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Michelmersh Brick Holdings'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 Basic Materials 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.
Michelmersh Brick Holdings has a total score of 3/6, 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.

MBH Health

 How is Michelmersh Brick Holdings'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 Michelmersh Brick Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Michelmersh Brick Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Michelmersh Brick Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Michelmersh Brick Holdings'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.3x 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 Michelmersh Brick Holdings Company Filings, last reported 4 months ago.

AIM:MBH Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 69.43 22.64 8.88
2019-03-31 69.43 22.64 8.88
2018-12-31 63.79 17.08 5.26
2018-09-30 63.79 17.08 5.26
2018-06-30 60.10 20.72 2.57
2018-03-31 60.10 20.72 2.57
2017-12-31 59.38 21.60 4.13
2017-09-30 59.38 21.60 4.13
2017-06-30 56.60 27.23 6.51
2017-03-31 56.60 27.23 6.51
2016-12-31 53.64 0.00 4.72
2016-09-30 53.64 0.00 4.72
2016-06-30 50.60 0.00 2.78
2016-03-31 50.60 0.00 2.78
2015-12-31 49.22 0.00 2.97
2015-09-30 49.22 0.00 2.97
2015-06-30 48.33 0.91 0.16
2015-03-31 48.33 0.91 0.16
2014-12-31 46.69 4.93 2.84
2014-06-30 46.53 5.39 0.09
2014-03-31 46.53 5.39 0.09
2013-12-31 45.50 6.33 2.22
2013-06-30 35.04 18.74 0.10
2013-03-31 35.04 18.74 0.10
2012-12-31 35.53 18.42 0.14
  • Michelmersh Brick Holdings's level of debt (32.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (11.4% vs 32.6% today).
  • Debt is well covered by operating cash flow (59.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.1x coverage).
X
Financial health checks
We assess Michelmersh Brick Holdings'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. Michelmersh Brick Holdings 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.

MBH Dividends

 What is Michelmersh Brick Holdings'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
3.02%
Current annual income from Michelmersh Brick Holdings dividends. Estimated to be 3.35% next year.
If you bought £2,000 of Michelmersh Brick Holdings shares you are expected to receive £60 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?
  • Michelmersh Brick Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.97%).
  • Michelmersh Brick Holdings's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.34%).
Upcoming dividend payment

Purchase Michelmersh Brick Holdings before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:MBH 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 1 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.6%
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:MBH Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.04 1.00
2020-12-31 0.04 1.00
2019-12-31 0.03 1.00
2019-11-18
AIM:MBH Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-27 0.032 3.386
2019-03-26 0.032 3.536
2018-03-20 0.022 2.487
2017-09-04 0.014 1.578
2017-03-20 0.020 2.663
2016-03-23 0.010 1.667
2015-03-24 0.005 0.585
2009-09-22 0.000 0.000
2009-04-21 0.000 0.000
2008-12-31 0.000 0.000

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

  • Michelmersh Brick Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Michelmersh Brick Holdings only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Michelmersh Brick Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Michelmersh Brick Holdings'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 Michelmersh Brick Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Michelmersh Brick Holdings has a total score of 3/6, see the detailed checks below.


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

MBH Management

 What is the CEO of Michelmersh Brick Holdings'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
Frank Hanna
COMPENSATION £348,000
AGE 51
TENURE AS CEO 3.8 years
CEO Bio

Mr. Frank Hanna has been the Co-Chief Executive Officer at Michelmersh Brick Holdings plc since January 01, 2016 and served as its Commercial Director. Mr. Hanna served as Sales and Technical Director at Freshfield Lane Brickworks Limited. Mr. Hanna has been a Director at Michelmersh Brick Holdings plc since March 30, 2010 and Freshfield Lane Brickworks Limited since 1996. He joined FLB in 1991 having formerly worked for Hanson Brick Ltd.

CEO Compensation
  • Frank's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Frank's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Michelmersh Brick Holdings management team in years:

6.4
Average Tenure
55
Average Age
  • The average tenure for the Michelmersh Brick Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Martin Warner

TITLE
Founder & Non-Executive Chairman
COMPENSATION
£101K
AGE
66
TENURE
22.8 yrs

Frank Hanna

TITLE
Joint CEO & Director
COMPENSATION
£348K
AGE
51
TENURE
3.8 yrs

Peter Sharp

TITLE
Co-CEO & Director
COMPENSATION
£359K
AGE
51
TENURE
3.8 yrs

Steve Morgan

TITLE
Finance Director
COMPENSATION
£310K
AGE
59
TENURE
9 yrs
Board of Directors Tenure

Average tenure and age of the Michelmersh Brick Holdings board of directors in years:

8.5
Average Tenure
59
Average Age
  • The tenure for the Michelmersh Brick Holdings board of directors is about average.
Board of Directors

Martin Warner

TITLE
Founder & Non-Executive Chairman
COMPENSATION
£101K
AGE
66
TENURE
2.5 yrs

Frank Hanna

TITLE
Joint CEO & Director
COMPENSATION
£348K
AGE
51
TENURE
9.7 yrs

Peter Sharp

TITLE
Co-CEO & Director
COMPENSATION
£359K
AGE
51
TENURE
8.5 yrs

Steve Morgan

TITLE
Finance Director
COMPENSATION
£310K
AGE
59

Bob Carlton-Porter

TITLE
Senior Independent Director
COMPENSATION
£50K
AGE
75
Who owns this company?
Recent Insider Trading
  • Michelmersh Brick Holdings individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
22. Oct 19 Sell Frank Hanna Individual 22. Oct 19 22. Oct 19 -500,000 £1.08 £-540,000
21. Oct 19 Sell Martin Warner Individual 21. Oct 19 21. Oct 19 -500,000 £1.13 £-562,500
X
Management checks
We assess Michelmersh Brick Holdings'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. Michelmersh Brick Holdings 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.

MBH News

Simply Wall St News

Does Michelmersh Brick Holdings (LON:MBH) Deserve A Spot On Your Watchlist?

But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' So if you're like me, you might be more interested in profitable, growing companies, like Michelmersh Brick Holdings (LON:MBH). … View our latest analysis for Michelmersh Brick Holdings Michelmersh Brick Holdings's Earnings Per Share Are Growing. … As a result, I'm encouraged by the fact that insiders own Michelmersh Brick Holdings shares worth a considerable sum.

Simply Wall St -

Why I Like Michelmersh Brick Holdings plc (LON:MBH)

Today I've chosen to put the spotlight on Michelmersh Brick Holdings plc (LON:MBH) due to its excellent fundamentals in more than one area. … AIM:MBH Income Statement, August 7th 2019 MBH's shares are now trading at a price below its true value based on its discounted cash flows, indicating a relatively pessimistic market sentiment. … AIM:MBH Intrinsic value, August 7th 2019 Next Steps: For Michelmersh Brick Holdings, there are three relevant factors you should look at: Future Outlook: What are well-informed industry analysts predicting for MBH’s future growth?

Simply Wall St -

Should You Worry About Michelmersh Brick Holdings plc's (LON:MBH) CEO Pay?

See our latest analysis for Michelmersh Brick Holdings How Does Frank Hanna's Compensation Compare With Similar Sized Companies? … Our data indicates that Michelmersh Brick Holdings plc is worth UK£84m, and total annual CEO compensation is UK£348k. … We examined the amount Michelmersh Brick Holdings plc pays its CEO, and compared it to the amount paid by similar sized companies.

Simply Wall St -

Should You Be Concerned About Michelmersh Brick Holdings plc's (LON:MBH) ROE?

View our latest analysis for Michelmersh Brick Holdings How Do You Calculate Return On Equity? … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Michelmersh Brick Holdings: 7.8% = UK£5.0m ÷ UK£64m (Based on the trailing twelve months to December 2018.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Michelmersh Brick Holdings's Debt And Its 7.8% ROE Michelmersh Brick Holdings has a debt to equity ratio of 0.27, which is far from excessive.

Simply Wall St -

Here's What Michelmersh Brick Holdings plc's (LON:MBH) P/E Is Telling Us

Michelmersh Brick Holdings has a price to earnings ratio of 16.36, based on the last twelve months. … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Michelmersh Brick Holdings: P/E of 16.36 = £0.94 ÷ £0.058 (Based on the year to December 2018.) Is A High Price-to-Earnings Ratio Good? … The Bottom Line On Michelmersh Brick Holdings's P/E Ratio Michelmersh Brick Holdings trades on a P/E ratio of 16.4, which is fairly close to the GB market average of 16.4.

Simply Wall St -

Can You Imagine How Michelmersh Brick Holdings's (LON:MBH) Shareholders Feel About The 20% Share Price Increase?

For example, the Michelmersh Brick Holdings plc (LON:MBH) share price is up 20% in the last 5 years, clearly besting than the market return of around 6.2% (ignoring dividends). … Over half a decade, Michelmersh Brick Holdings managed to grow its earnings per share at 101% a year. … We know that Michelmersh Brick Holdings has improved its bottom line lately, but is it going to grow revenue

Simply Wall St -

Should You Consider Michelmersh Brick Holdings plc (LON:MBH)?

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Michelmersh Brick Holdings plc (LON:MBH) due to its excellent fundamentals in more than one area.

Simply Wall St -

Why Michelmersh Brick Holdings plc's (LON:MBH) CEO Pay Matters To You

How Does Frank Hanna's Compensation Compare With Similar Sized Companies. … According to our data, Michelmersh Brick Holdings plc has a market capitalization of UK£80m, and pays its CEO total annual compensation worth UK£323k. … We examined a group of similar sized companies, with market capitalizations of below UK£151m

Simply Wall St -

Are Michelmersh Brick Holdings plc's (LON:MBH) Interest Costs Too High?

Help shape the future of investing tools and receive a $20 prize! … Investors are always looking for growth in small-cap stocks like Michelmersh Brick Holdings plc (LON:MBH), with a market cap of UK£77m. … since poor capital management may bring about bankruptcies,

Simply Wall St -

Does Michelmersh Brick Holdings plc (LON:MBH) Create Value For Shareholders?

That means that for every £1 worth of shareholders' equity, it generated £0.055 in profit. … Check out our latest analysis for Michelmersh Brick Holdings? … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

MBH Company Info

Description

Michelmersh Brick Holdings Plc, through its subsidiaries, manufactures and sells bricks, tiles, and building products in the United Kingdom, Europe, and internationally. It operates through Building Materials and Landfill segments. The company offers extruded wire cut facing bricks, clay pavers, paving accessories, and special shaped products under the Blockleys brand; monotone color blends in rustic, drag wire, smooth, and sand faced textures under the Carlton brand; handmade bricks and special products under the Charnwood brand; clamp-fired stock facing bricks in various textural finishes under the Freshfield Lane brand; clay bricks, tiles, and pavers under the Michelmersh brand; and various architectural components under the Hathern Terra Cotta brand. It also engages in landfill operations. The company was founded in 1997 and is based in Haywards Heath, the United Kingdom.

Details
Name: Michelmersh Brick Holdings plc
MBH
Exchange: AIM
Founded: 1997
£98,958,208
92,484,480
Website: http://www.mbhplc.co.uk
Address: Michelmersh Brick Holdings plc
Freshfield Lane,
Danehill,
Haywards Heath,
West Sussex, RH17 7HH,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM MBH Ordinary Shares London Stock Exchange AIM Market GB GBP 26. May 2004
DB MPO Ordinary Shares Deutsche Boerse AG DE EUR 26. May 2004
Number of employees
Current staff
Staff numbers
348
Michelmersh Brick Holdings employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 20:31
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/09/09
Last earnings filing: 2019/09/03
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.