Added to YB: 2026-06-12
Pitch date: 2026-06-10
MARS.L [neutral]
Marston's PLC
+3.08%
current return
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
Company Info
Marston's PLC engages in the hospitality business in the United Kingdom. Its hospitality business consists of estate of pubs comprising managed, franchised, and tenanted and leased pubs.
Market Cap
GBP 293.3M
Pitch Price
GBP 0.45
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.98
P/E
3.93
EV/Sales
1.76
Sector
Hotels, Restaurants and Leisure
Category
value
A rocket for MARS
MARS.L (earnings): UK pub operator (1,325 sites) down 14% to 45p on solid 1H26 (-1.1% rev, peak trading +5.3%). Trades <6x P/FCF (£53m FCF, £285m mcap), 65% discount to £1.28 NAV. Grandstand sports-pub format (+30% LFL rev, 40%+ ROIC) rolling out to 250+ sites = +13% EBITDA. Securitised debt to 2058, deleveraging to <4x to reinstate dividend.
Read full article (7 min)