Mitchells & Butlers PLC (MAB) - Net Assets
Based on the latest financial reports, Mitchells & Butlers PLC (MAB) has net assets worth GBX2.67 Billion GBX (≈ $324.50K USD) as of April 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX5.30 Billion ≈ $645.34K USD) and total liabilities (GBX2.64 Billion ≈ $320.85K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check MAB goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX2.67 Billion |
| % of Total Assets | 50.28% |
| Annual Growth Rate | 0.33% |
| 5-Year Change | 53.01% |
| 10-Year Change | 101.89% |
| Growth Volatility | 18.86 |
Mitchells & Butlers PLC - Net Assets Trend (2000–2024)
This chart illustrates how Mitchells & Butlers PLC's net assets have evolved over time, based on quarterly financial data. See Mitchells & Butlers PLC defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Mitchells & Butlers PLC (2000–2024)
The table below shows the annual net assets of Mitchells & Butlers PLC from 2000 to 2024. For live valuation and market cap data, see MAB market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | GBX2.57 Billion ≈ $312.21K |
+20.47% |
| 2023-09-30 | GBX2.13 Billion ≈ $259.16K |
-0.61% |
| 2022-09-30 | GBX2.14 Billion ≈ $260.74K |
+1.85% |
| 2021-09-30 | GBX2.10 Billion ≈ $256.00K |
+25.46% |
| 2020-09-30 | GBX1.68 Billion ≈ $204.04K |
-13.87% |
| 2019-09-30 | GBX1.95 Billion ≈ $236.89K |
+10.06% |
| 2018-09-30 | GBX1.77 Billion ≈ $215.24K |
+8.79% |
| 2017-09-30 | GBX1.63 Billion ≈ $197.84K |
+15.48% |
| 2016-09-30 | GBX1.41 Billion ≈ $171.31K |
+10.78% |
| 2015-09-30 | GBX1.27 Billion ≈ $154.64K |
0.00% |
| 2015-09-26 | GBX1.27 Billion ≈ $154.64K |
+7.26% |
| 2014-09-30 | GBX1.19 Billion ≈ $144.18K |
0.00% |
| 2014-09-27 | GBX1.19 Billion ≈ $144.18K |
-2.79% |
| 2013-09-30 | GBX1.22 Billion ≈ $148.32K |
+12.04% |
| 2012-09-30 | GBX1.09 Billion ≈ $132.38K |
-0.37% |
| 2011-09-30 | GBX1.09 Billion ≈ $132.86K |
+22.15% |
| 2010-09-30 | GBX894.00 Million ≈ $108.77K |
-10.33% |
| 2009-09-30 | GBX997.00 Million ≈ $121.31K |
-15.15% |
| 2008-09-30 | GBX1.18 Billion ≈ $142.96K |
-25.44% |
| 2007-09-30 | GBX1.58 Billion ≈ $191.75K |
+30.36% |
| 2006-09-30 | GBX1.21 Billion ≈ $147.10K |
+2.20% |
| 2005-09-30 | GBX1.18 Billion ≈ $143.94K |
-23.03% |
| 2004-09-30 | GBX1.54 Billion ≈ $187.01K |
-6.39% |
| 2004-09-25 | GBX1.64 Billion ≈ $199.78K |
-20.45% |
| 2003-09-30 | GBX2.06 Billion ≈ $251.13K |
-40.81% |
| 2002-09-30 | GBX3.49 Billion ≈ $424.27K |
+51.54% |
| 2001-09-30 | GBX2.30 Billion ≈ $279.97K |
-2.95% |
| 2000-09-30 | GBX2.37 Billion ≈ $288.48K |
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Equity Component Analysis
This analysis shows how different components contribute to Mitchells & Butlers PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 56.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX1.03 Billion | 40.06% |
| Common Stock | GBX51.00 Million | 1.99% |
| Other Components | GBX1.49 Billion | 57.95% |
| Total Equity | GBX2.57 Billion | 100.00% |
Mitchells & Butlers PLC Competitors by Market Cap
The table below lists competitors of Mitchells & Butlers PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yimutian Inc. American Depositary Shares
NASDAQ:YMT
|
$16.48 Million |
|
Safestore Holdings Plc
LSE:SAFE
|
$16.49 Million |
|
ParaZero Technologies Ltd. Ordinary Shares
NASDAQ:PRZO
|
$16.49 Million |
|
Rackla Metals Inc
V:RAK
|
$16.50 Million |
|
Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS
IS:SAMAT
|
$16.46 Million |
|
Salee Printing Public Company Limited
BK:SLP
|
$16.46 Million |
|
ADX Energy Ltd
AU:ADX
|
$16.45 Million |
|
Genenta Science SpA ADR
NASDAQ:GNTA
|
$16.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mitchells & Butlers PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,130,000,000 to 2,566,000,000, a change of 436,000,000 (20.5%).
- Net income of 149,000,000 contributed positively to equity growth.
- Share repurchases of 7,000,000 reduced equity.
- Other comprehensive income decreased equity by 964,000,000.
- Other factors increased equity by 1,258,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX149.00 Million | +5.81% |
| Share Repurchases | GBX7.00 Million | -0.27% |
| Other Comprehensive Income | GBX-964.00 Million | -37.57% |
| Other Changes | GBX1.26 Billion | +49.03% |
| Total Change | GBX- | 20.47% |
Book Value vs Market Value Analysis
This analysis compares Mitchells & Butlers PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 53.31x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 64.89x to 53.31x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-09-30 | GBX3.51 | GBX228.00 | x |
| 2001-09-30 | GBX3.41 | GBX228.00 | x |
| 2002-09-30 | GBX5.16 | GBX228.00 | x |
| 2003-09-30 | GBX3.05 | GBX228.00 | x |
| 2004-09-30 | GBX2.77 | GBX228.00 | x |
| 2005-09-30 | GBX2.48 | GBX228.00 | x |
| 2006-09-30 | GBX2.61 | GBX228.00 | x |
| 2007-09-30 | GBX3.38 | GBX228.00 | x |
| 2008-09-30 | GBX2.60 | GBX228.00 | x |
| 2009-09-30 | GBX2.20 | GBX228.00 | x |
| 2010-09-30 | GBX1.96 | GBX228.00 | x |
| 2011-09-30 | GBX2.40 | GBX228.00 | x |
| 2012-09-30 | GBX2.06 | GBX228.00 | x |
| 2013-09-30 | GBX2.96 | GBX228.00 | x |
| 2014-09-30 | GBX2.87 | GBX228.00 | x |
| 2015-09-30 | GBX3.07 | GBX228.00 | x |
| 2016-09-30 | GBX3.41 | GBX228.00 | x |
| 2017-09-30 | GBX3.88 | GBX228.00 | x |
| 2018-09-30 | GBX4.14 | GBX228.00 | x |
| 2019-09-30 | GBX4.09 | GBX228.00 | x |
| 2020-09-30 | GBX3.53 | GBX228.00 | x |
| 2021-09-30 | GBX3.72 | GBX228.00 | x |
| 2022-09-30 | GBX3.60 | GBX228.00 | x |
| 2023-09-30 | GBX3.58 | GBX228.00 | x |
| 2024-09-30 | GBX4.28 | GBX228.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mitchells & Butlers PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.81%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.71%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 2.04x
- Recent ROE (5.81%) is above the historical average (4.04%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 8.65% | 11.63% | 0.44x | 1.68x | GBX-32.10 Million |
| 2001 | 5.65% | 8.32% | 0.44x | 1.54x | GBX-100.10 Million |
| 2002 | 4.70% | 11.07% | 0.40x | 1.05x | GBX-184.70 Million |
| 2003 | 6.06% | 8.31% | 0.40x | 1.83x | GBX-81.40 Million |
| 2004 | 8.29% | 7.56% | 0.40x | 2.72x | GBX-24.30 Million |
| 2005 | 10.99% | 7.82% | 0.43x | 3.29x | GBX11.70 Million |
| 2006 | 16.13% | 11.34% | 0.38x | 3.77x | GBX74.10 Million |
| 2007 | -0.63% | -0.53% | 0.35x | 3.47x | GBX-167.60 Million |
| 2008 | -14.98% | -9.22% | 0.38x | 4.24x | GBX-293.50 Million |
| 2009 | 0.40% | 0.20% | 0.41x | 4.78x | GBX-95.70 Million |
| 2010 | -9.40% | -4.24% | 0.43x | 5.15x | GBX-173.40 Million |
| 2011 | 11.45% | 6.96% | 0.41x | 4.04x | GBX15.80 Million |
| 2012 | 7.42% | 3.71% | 0.43x | 4.65x | GBX-24.30 Million |
| 2013 | 10.50% | 6.75% | 0.42x | 3.67x | GBX6.10 Million |
| 2014 | 7.85% | 4.72% | 0.41x | 4.01x | GBX-25.50 Million |
| 2015 | 8.10% | 4.90% | 0.44x | 3.76x | GBX-24.10 Million |
| 2016 | 6.32% | 4.27% | 0.42x | 3.53x | GBX-51.80 Million |
| 2017 | 3.87% | 2.89% | 0.44x | 3.04x | GBX-99.60 Million |
| 2018 | 5.88% | 4.83% | 0.44x | 2.76x | GBX-72.90 Million |
| 2019 | 7.34% | 6.39% | 0.46x | 2.51x | GBX-51.70 Million |
| 2020 | -6.68% | -7.59% | 0.29x | 3.05x | GBX-279.70 Million |
| 2021 | -3.09% | -6.10% | 0.20x | 2.48x | GBX-275.40 Million |
| 2022 | 0.61% | 0.59% | 0.45x | 2.31x | GBX-201.30 Million |
| 2023 | -0.19% | -0.16% | 0.52x | 2.25x | GBX-217.00 Million |
| 2024 | 5.81% | 5.71% | 0.50x | 2.04x | GBX-107.60 Million |
Industry Comparison
This section compares Mitchells & Butlers PLC's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $464,735,601
- Average return on equity (ROE) among peers: 27.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mitchells & Butlers PLC (MAB) | GBX2.67 Billion | 8.65% | 0.99x | $16.47 Million |
| Comptoir Group PLC (COM) | $4.75 Million | 12.38% | 5.75x | $85.82K |
| Compass Group PLC (CPG) | $3.36 Billion | 33.02% | 2.96x | $6.69 Million |
| Domino’s Pizza Group PLC (DOM) | $12.09 Million | 68.29% | 2.01x | $8.61 Million |
| DP Poland Plc (DPP) | $31.39 Million | -1.63% | 0.51x | $861.20K |
| daVictus plc (DVT) | $215.76K | 105.96% | 1.28x | $6.09K |
| Fuller Smith & Turner (FSTA) | $449.20 Million | 1.58% | 0.71x | $2.55 Million |
| Greggs PLC (GRG) | $432.40 Million | 27.17% | 1.05x | $20.68 Million |
| Heavitree Brewery (HVT) | $25.09 Million | 4.87% | 0.24x | $46.73K |
| Heavitree Brewery A (HVTA) | $8.33 Million | 13.60% | 1.17x | $78.50K |
| J D Wetherspoon PLC (JDW) | $321.88 Million | 5.99% | 5.48x | $7.86 Million |
About Mitchells & Butlers PLC
Mitchells & Butlers plc engages in the management of pubs, bars, and restaurants in the United Kingdom and Germany. The company operates its pubs and restaurants under the Alex, All Bar One, Stonehouse, Browns, Castle, EGO, Ember Inns, Harvester, High Street, PESTO, Innkeeper's Lodge, Miller & Carter, Nicholson's, O'Neill's, Premium Country Pubs, Sizzling Pubs, Stonehouse Pizza & Carvery, Toby Ca… Read more