Marshalls PLC

LSE:MSLH UK Building Materials
Market Cap
$4.46 Million
GBX36.66 Billion GBX
Market Cap Rank
#42208 Global
#636 in UK
Share Price
GBX145.00
Change (1 day)
-1.76%
52-Week Range
GBX142.40 - GBX293.00
All Time High
GBX754.16
Categories
Companies in UK Building Materials
About

Marshalls plc, together with its subsidiaries, manufactures and sells landscape, building, and roofing products in the United Kingdom and internationally. It offers paving products, such as flag paving, natural stone paving, block paving, permeable paving, tactile paving, concrete, granite, sandstone, yorkstone, 600x600 slabs, 450x450 slabs, charcoal block, buff, grey, 50mm slabs, linear, council… Read more

Marshalls PLC (MSLH) - Net Assets

Latest net assets as of June 2025: GBX670.50 Million GBX

Based on the latest financial reports, Marshalls PLC (MSLH) has net assets worth GBX670.50 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 (GBX1.10 Billion) and total liabilities (GBX430.70 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 GBX670.50 Million
% of Total Assets 60.89%
Annual Growth Rate 7.6%
5-Year Change 129.74%
10-Year Change 243.14%
Growth Volatility 21.57

Marshalls PLC - Net Assets Trend (1986–2024)

This chart illustrates how Marshalls 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 Marshalls PLC (1986–2024)

The table below shows the annual net assets of Marshalls PLC from 1986 to 2024.

Year Net Assets Change
2024-12-31 GBX661.30 Million +3.12%
2023-12-31 GBX641.30 Million -2.99%
2022-12-31 GBX661.07 Million +91.99%
2021-12-31 GBX344.32 Million +19.62%
2020-12-31 GBX287.85 Million -2.68%
2019-12-31 GBX295.77 Million +10.89%
2018-12-31 GBX266.71 Million +12.24%
2017-12-31 GBX237.63 Million +9.44%
2016-12-31 GBX217.12 Million +12.66%
2015-12-31 GBX192.72 Million +5.95%
2014-12-31 GBX181.89 Million +3.68%
2013-12-31 GBX175.43 Million -4.44%
2012-12-31 GBX183.57 Million -10.91%
2011-12-31 GBX206.06 Million +3.95%
2010-12-31 GBX198.24 Million +9.46%
2009-12-31 GBX181.10 Million -6.28%
2008-12-31 GBX193.24 Million -3.69%
2007-12-31 GBX200.64 Million +8.72%
2006-12-31 GBX184.54 Million +10.94%
2005-12-31 GBX166.34 Million +26.50%
2004-12-31 GBX131.49 Million -39.72%
2003-12-31 GBX218.15 Million +7.60%
2002-12-31 GBX202.75 Million +8.59%
2001-12-31 GBX186.71 Million -2.15%
2000-12-31 GBX190.82 Million +8.83%
1999-12-31 GBX175.34 Million +9.50%
1998-12-31 GBX160.13 Million +4.59%
1997-12-31 GBX153.10 Million +3.49%
1997-03-31 GBX147.94 Million +4.55%
1996-03-31 GBX141.50 Million +5.97%
1995-03-31 GBX133.53 Million +8.81%
1994-03-31 GBX122.72 Million +5.16%
1993-03-31 GBX116.69 Million +20.56%
1992-03-31 GBX96.79 Million -0.52%
1991-03-31 GBX97.30 Million +0.24%
1990-03-31 GBX97.06 Million +6.25%
1989-03-31 GBX91.36 Million +89.61%
1988-03-31 GBX48.18 Million +16.16%
1987-03-31 GBX41.48 Million +7.33%
1986-03-31 GBX38.64 Million --

Equity Component Analysis

This analysis shows how different components contribute to Marshalls 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 1786.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings GBX393.70 Million 59.53%
Common Stock GBX63.20 Million 9.56%
Other Comprehensive Income GBX6.10 Million 0.92%
Other Components GBX198.30 Million 29.99%
Total Equity GBX661.30 Million 100.00%

Marshalls PLC Competitors by Market Cap

The table below lists competitors of Marshalls PLC ranked by their market capitalization.

Company Market Cap
CH SHENHUA ENGY -H- (IKF.SG)
STU:IKF
 		$52.43K
Bearclaw Capital Corp
V:BRL-H
 		$52.55K
Verisante Technology Inc
PINK:VRSEF
 		$52.59K
Eclipsys Corp
OTCQB:ECLP
 		$52.60K
AS Harju Elekter
STU:HD8
 		$52.33K
Dividend Growth Split Corp
TO:DGS
 		$52.33K
QUALIGEN THER.NEW DL-001
F:7R9
 		$52.33K
INTESA SANPAOLO - Dusseldorf Stock Exchang
DU:IES
 		$52.32K

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 641,300,000 to 661,300,000, a change of 20,000,000 (3.1%).
  • Net income of 31,000,000 contributed positively to equity growth.
  • Dividend payments of 21,000,000 reduced retained earnings.
  • Share repurchases of 1,400,000 reduced equity.
  • Other comprehensive income decreased equity by 400,000.
  • Other factors increased equity by 11,800,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income GBX31.00 Million +4.69%
Dividends Paid GBX21.00 Million -3.18%
Share Repurchases GBX1.40 Million -0.21%
Other Comprehensive Income GBX-400.00K -0.06%
Other Changes GBX11.80 Million +1.78%
Total Change GBX- 3.12%

Book Value vs Market Value Analysis

This analysis compares Marshalls 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: 55.65x
  • 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 290.18x to 55.65x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1986-03-31 GBX0.50 GBX145.00 x
1987-03-31 GBX0.53 GBX145.00 x
1988-03-31 GBX0.60 GBX145.00 x
1989-03-31 GBX0.96 GBX145.00 x
1990-03-31 GBX0.63 GBX145.00 x
1991-03-31 GBX0.60 GBX145.00 x
1992-03-31 GBX0.89 GBX145.00 x
1993-03-31 GBX0.95 GBX145.00 x
1994-03-31 GBX0.68 GBX145.00 x
1995-03-31 GBX0.74 GBX145.00 x
1996-03-31 GBX0.79 GBX145.00 x
1997-03-31 GBX1.14 GBX145.00 x
1997-12-31 GBX1.18 GBX145.00 x
1998-12-31 GBX0.94 GBX145.00 x
1999-12-31 GBX1.08 GBX145.00 x
2000-12-31 GBX1.41 GBX145.00 x
2001-12-31 GBX1.17 GBX145.00 x
2002-12-31 GBX1.28 GBX145.00 x
2003-12-31 GBX1.37 GBX145.00 x
2004-12-31 GBX0.75 GBX145.00 x
2005-12-31 GBX1.04 GBX145.00 x
2006-12-31 GBX1.15 GBX145.00 x
2007-12-31 GBX1.25 GBX145.00 x
2008-12-31 GBX1.09 GBX145.00 x
2009-12-31 GBX0.99 GBX145.00 x
2010-12-31 GBX0.99 GBX145.00 x
2011-12-31 GBX1.02 GBX145.00 x
2012-12-31 GBX0.90 GBX145.00 x
2013-12-31 GBX0.86 GBX145.00 x
2014-12-31 GBX0.90 GBX145.00 x
2015-12-31 GBX0.96 GBX145.00 x
2016-12-31 GBX1.07 GBX145.00 x
2017-12-31 GBX1.19 GBX145.00 x
2018-12-31 GBX1.33 GBX145.00 x
2019-12-31 GBX1.47 GBX145.00 x
2020-12-31 GBX1.43 GBX145.00 x
2021-12-31 GBX1.71 GBX145.00 x
2022-12-31 GBX2.79 GBX145.00 x
2023-12-31 GBX2.53 GBX145.00 x
2024-12-31 GBX2.61 GBX145.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Marshalls 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): 4.69%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 5.01%
  • • Asset Turnover: 0.58x
  • • Equity Multiplier: 1.63x
  • Recent ROE (4.69%) is below the historical average (12.47%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1986 12.11% 6.55% 1.11x 1.66x GBX792.40K
1987 11.55% 5.39% 1.19x 1.79x GBX627.40K
1988 18.16% 8.14% 1.23x 1.81x GBX3.85 Million
1989 21.08% 10.75% 1.02x 1.92x GBX8.61 Million
1990 23.10% 10.62% 0.95x 2.29x GBX10.93 Million
1991 11.07% 5.02% 1.01x 2.18x GBX892.20K
1992 9.67% 4.61% 0.98x 2.13x GBX-275.60K
1993 8.45% 5.14% 0.90x 1.83x GBX-1.60 Million
1994 13.45% 7.66% 0.94x 1.87x GBX3.76 Million
1995 17.28% 9.03% 1.02x 1.88x GBX8.72 Million
1996 14.73% 7.94% 1.00x 1.86x GBX6.05 Million
1997 10.39% 5.99% 1.01x 1.73x GBX526.60K
1997 3.62% 2.69% 0.80x 1.68x GBX-8.90 Million
1998 16.06% 9.35% 1.11x 1.55x GBX8.96 Million
1999 17.53% 10.39% 1.11x 1.52x GBX12.43 Million
2000 15.91% 10.11% 1.11x 1.42x GBX11.20 Million
2001 15.48% 8.75% 1.12x 1.57x GBX10.16 Million
2002 16.59% 9.83% 1.10x 1.53x GBX13.37 Million
2003 15.82% 9.87% 1.06x 1.51x GBX12.69 Million
2004 23.81% 9.53% 0.90x 2.77x GBX18.15 Million
2005 34.79% 16.11% 0.96x 2.25x GBX41.24 Million
2006 15.76% 7.69% 1.01x 2.02x GBX10.63 Million
2007 15.08% 7.51% 0.98x 2.05x GBX10.19 Million
2008 -3.22% -1.65% 0.94x 2.07x GBX-25.54 Million
2009 -0.42% -0.24% 0.82x 2.10x GBX-18.86 Million
2010 3.71% 2.38% 0.88x 1.77x GBX-12.47 Million
2011 3.58% 2.17% 0.88x 1.86x GBX-13.01 Million
2012 -3.16% -1.84% 0.90x 1.91x GBX-23.65 Million
2013 8.19% 4.59% 0.96x 1.85x GBX-3.12 Million
2014 11.01% 5.54% 1.09x 1.82x GBX1.82 Million
2015 14.69% 7.29% 1.17x 1.72x GBX8.99 Million
2016 17.32% 9.41% 1.19x 1.54x GBX15.78 Million
2017 18.00% 9.88% 1.04x 1.75x GBX18.89 Million
2018 19.56% 10.58% 0.96x 1.93x GBX25.40 Million
2019 19.74% 10.75% 0.96x 1.91x GBX28.74 Million
2020 0.83% 0.50% 0.76x 2.14x GBX-26.32 Million
2021 15.96% 9.30% 0.99x 1.74x GBX20.47 Million
2022 4.06% 3.73% 0.60x 1.83x GBX-39.23 Million
2023 2.90% 2.77% 0.60x 1.74x GBX-45.53 Million
2024 4.69% 5.01% 0.58x 1.63x GBX-35.13 Million

Industry Comparison

This section compares Marshalls PLC's net assets metrics with peer companies in the Building Materials industry.

Industry Context

  • Industry: Building Materials
  • Average net assets among peers: $176,706,913
  • Average return on equity (ROE) among peers: 1.86%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Marshalls PLC (MSLH) GBX670.50 Million 12.11% 0.64x $52.42K
Breedon Group PLC (BREE) $11.69 Million -7.09% 0.02x $152.61K
CRH PLC (CRH) $672.77 Million 19.04% 2.38x $7.56 Million
Eco Buildings Group plc (ECOB) $8.82 Million -44.35% 0.99x $1.99K
Forterra PLC (FORT) $134.20 Million 39.34% 1.15x $44.40K
Ibstock PLC (IBST) $397.87 Million -7.04% 0.71x $61.37K
Michelmersh Brick Holdings Plc (MBH) $7.67 Million 13.94% 2.50x $10.15K
Sigmaroc PLC (SRC) $3.93 Million -0.84% 0.17x $175.45K