Mears Group plc

LSE:MER UK Personal Services
Market Cap
$3.41 Million
GBX28.06 Billion GBX
Market Cap Rank
#42860 Global
#683 in UK
Share Price
GBX340.50
Change (1 day)
+0.44%
52-Week Range
GBX311.50 - GBX417.50
All Time High
GBX417.50
Categories
Companies in UK Personal Services
About

Mears Group plc, together with its subsidiaries, provides various outsourced services to the public and private sectors in the United Kingdom. The company offers rapid-response and planned maintenance services; gas and repair services; and maintenance and repairs, capital and public works, regeneration solutions for public buildings, and social housing retrofitting program, as well as grounds mai… Read more

Mears Group plc (MER) - Net Assets

Latest net assets as of June 2025: GBX187.69 Million GBX

Based on the latest financial reports, Mears Group plc (MER) has net assets worth GBX187.69 Million GBX as of June 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX734.31 Million) and total liabilities (GBX546.62 Million). 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.

Key Net Assets Metrics

Metric Value
Current Net Assets GBX187.69 Million
% of Total Assets 25.56%
Annual Growth Rate 24.74%
5-Year Change 20.13%
10-Year Change -2.17%
Growth Volatility 50.48

Mears Group plc - Net Assets Trend (1993–2024)

This chart illustrates how Mears Group plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Mears Group plc (1993–2024)

The table below shows the annual net assets of Mears Group plc from 1993 to 2024.

Year Net Assets Change
2024-12-31 GBX187.47 Million -6.48%
2023-12-31 GBX200.46 Million -6.25%
2022-12-31 GBX213.82 Million +6.36%
2021-12-31 GBX201.04 Million +28.83%
2020-12-31 GBX156.05 Million +31.14%
2019-12-31 GBX118.99 Million -43.41%
2018-12-31 GBX210.28 Million +0.33%
2017-12-31 GBX209.59 Million +5.49%
2016-12-31 GBX198.67 Million +3.68%
2015-12-31 GBX191.63 Million -1.46%
2014-12-31 GBX194.46 Million +7.85%
2013-12-31 GBX180.30 Million +6.80%
2012-12-31 GBX168.82 Million +11.22%
2011-12-31 GBX151.78 Million +7.23%
2010-12-31 GBX141.55 Million +33.63%
2009-12-31 GBX105.93 Million +10.68%
2008-12-31 GBX95.70 Million +15.73%
2007-12-31 GBX82.69 Million +117.56%
2006-12-31 GBX38.01 Million +35.49%
2005-12-31 GBX28.05 Million +41.17%
2004-12-31 GBX19.87 Million +61.67%
2003-12-31 GBX12.29 Million +28.90%
2002-12-31 GBX9.54 Million +36.01%
2001-12-31 GBX7.01 Million +39.61%
2000-12-31 GBX5.02 Million +43.57%
1999-12-31 GBX3.50 Million +21.67%
1998-12-31 GBX2.88 Million +81.39%
1997-12-31 GBX1.58 Million -1.92%
1996-12-31 GBX1.62 Million +249.03%
1995-12-31 GBX463.00K +21.52%
1994-12-31 GBX381.00K +92.42%
1993-12-31 GBX198.00K --

Equity Component Analysis

This analysis shows how different components contribute to Mears Group 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 grown by 96869.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings GBX192.00 Million 104.29%
Common Stock GBX908.00K 0.49%
Other Comprehensive Income GBX3.60 Million 1.96%
Total Equity GBX184.11 Million 100.00%

Mears Group plc Competitors by Market Cap

The table below lists competitors of Mears Group plc ranked by their market capitalization.

Company Market Cap
KB Components AB
F:5G7
 		$36.20K
Octopus Renewables Infra Trust
LSE:ORIT
 		$36.20K
SGL CARBON - Dusseldorf Stock Exchang
DU:SGL
 		$36.23K
GR BUSSINES SO
F:INW
 		$36.25K
GROY-WS
NYSE MKT:GROY-WS
 		$36.19K
SamsungFN REIT Co. Ltd.
KO:448730
 		$36.16K
SERCO GROUP - Dusseldorf Stock Exchang
DU:SEO
 		$36.08K
NEWELL RUBBERMAID - Dusseldorf Stock Exchang
DU:NWL
 		$36.05K

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Mears Group plc's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 197,508,000 to 184,107,000, a change of -13,401,000 (-6.8%).
  • Net income of 46,526,000 contributed positively to equity growth.
  • Dividend payments of 12,933,000 reduced retained earnings.
  • Share repurchases of 52,050,000 reduced equity.
  • New share issuances of 251,000 increased equity.
  • Other comprehensive income increased equity by 1,721,000.
  • Other factors increased equity by 3,084,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income GBX46.53 Million +25.27%
Dividends Paid GBX12.93 Million -7.02%
Share Repurchases GBX52.05 Million -28.27%
Share Issuances GBX251.00K +0.14%
Other Comprehensive Income GBX1.72 Million +0.93%
Other Changes GBX3.08 Million +1.68%
Total Change GBX- -6.79%

Book Value vs Market Value Analysis

This analysis compares Mears Group 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: 167.86x
  • 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 47721.59x to 167.86x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1993-12-31 GBX0.01 GBX340.50 x
1994-12-31 GBX0.01 GBX340.50 x
1995-12-31 GBX0.02 GBX340.50 x
1996-12-31 GBX0.06 GBX340.50 x
1997-12-31 GBX0.04 GBX340.50 x
1998-12-31 GBX0.07 GBX340.50 x
1999-12-31 GBX0.07 GBX340.50 x
2000-12-31 GBX0.09 GBX340.50 x
2001-12-31 GBX0.12 GBX340.50 x
2002-12-31 GBX0.16 GBX340.50 x
2003-12-31 GBX0.21 GBX340.50 x
2004-12-31 GBX0.32 GBX340.50 x
2005-12-31 GBX0.45 GBX340.50 x
2006-12-31 GBX0.59 GBX340.50 x
2007-12-31 GBX1.14 GBX340.50 x
2008-12-31 GBX1.26 GBX340.50 x
2009-12-31 GBX1.36 GBX340.50 x
2010-12-31 GBX1.59 GBX340.50 x
2011-12-31 GBX1.71 GBX340.50 x
2012-12-31 GBX1.84 GBX340.50 x
2013-12-31 GBX1.81 GBX340.50 x
2014-12-31 GBX1.92 GBX340.50 x
2015-12-31 GBX1.88 GBX340.50 x
2016-12-31 GBX1.94 GBX340.50 x
2017-12-31 GBX2.01 GBX340.50 x
2018-12-31 GBX2.01 GBX340.50 x
2019-12-31 GBX1.07 GBX340.50 x
2020-12-31 GBX1.41 GBX340.50 x
2021-12-31 GBX1.77 GBX340.50 x
2022-12-31 GBX1.87 GBX340.50 x
2023-12-31 GBX1.79 GBX340.50 x
2024-12-31 GBX2.03 GBX340.50 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Mears Group 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): 25.27%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 4.11%
  • • Asset Turnover: 1.61x
  • • Equity Multiplier: 3.81x
  • Recent ROE (25.27%) is above the historical average (21.10%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1993 89.39% 2.86% 4.30x 7.26x GBX157.20K
1994 48.03% 2.45% 3.24x 6.07x GBX144.90K
1995 17.71% 0.76% 3.36x 6.90x GBX35.70K
1996 18.32% 2.38% 3.23x 2.38x GBX134.40K
1997 29.03% 2.89% 2.87x 3.50x GBX296.30K
1998 20.91% 3.08% 2.18x 3.12x GBX315.70K
1999 25.38% 1.89% 1.81x 7.43x GBX543.60K
2000 35.27% 2.52% 2.85x 4.92x GBX1.28 Million
2001 30.60% 3.12% 2.72x 3.60x GBX1.44 Million
2002 26.46% 3.21% 2.63x 3.13x GBX1.57 Million
2003 26.63% 2.89% 2.43x 3.79x GBX2.03 Million
2004 27.09% 3.08% 2.86x 3.07x GBX3.38 Million
2005 25.70% 3.54% 3.04x 2.39x GBX4.40 Million
2006 26.83% 4.22% 2.84x 2.24x GBX6.40 Million
2007 13.22% 3.59% 2.10x 1.75x GBX2.66 Million
2008 13.36% 3.04% 2.25x 1.95x GBX3.21 Million
2009 13.17% 2.97% 2.20x 2.02x GBX3.36 Million
2010 10.43% 2.82% 1.80x 2.05x GBX608.60K
2011 11.14% 2.87% 1.76x 2.20x GBX1.74 Million
2012 11.61% 2.89% 1.47x 2.73x GBX2.72 Million
2013 -0.52% -0.11% 1.82x 2.63x GBX-19.03 Million
2014 12.85% 3.01% 1.72x 2.47x GBX5.61 Million
2015 6.67% 1.46% 1.78x 2.57x GBX-6.41 Million
2016 10.80% 2.29% 1.94x 2.43x GBX1.59 Million
2017 3.62% 0.84% 1.89x 2.27x GBX-13.37 Million
2018 11.42% 2.77% 1.66x 2.49x GBX2.99 Million
2019 17.82% 2.35% 1.19x 6.38x GBX9.32 Million
2020 28.65% 5.52% 1.19x 4.35x GBX28.98 Million
2021 7.05% 1.61% 1.39x 3.17x GBX-5.90 Million
2022 13.33% 2.95% 1.52x 2.97x GBX7.07 Million
2023 17.82% 3.23% 1.56x 3.54x GBX15.45 Million
2024 25.27% 4.11% 1.61x 3.81x GBX28.12 Million

Industry Comparison

This section compares Mears Group plc's net assets metrics with peer companies in the Personal Services industry.

Industry Context

  • Industry: Personal Services
  • Average net assets among peers: $185,854,000
  • Average return on equity (ROE) among peers: 29.14%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Mears Group plc (MER) GBX187.69 Million 89.39% 2.91x $36.20K
XPS Pensions Group PLC (XPS) $185.85 Million 29.14% 0.52x $83.71K