Michelmersh has a market cap of £57m with no debt. At the half year stage to 30 June 2016 it reported net assets of £50.6m. It also reported earnings for the half year of £2.1m. So it is currently trading at 113% of its NAV and around 14x the brokers’ FY 12/2016 EPS forecast with a yield of 1.7%.
18 Aug 2016
Baked in Value
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Baked in Value
Michelmersh Brick Holdings PLC (MBH:LON) | 99.5 -0.5 (-0.5%) | Mkt Cap: 93.2m
- Published:
18 Aug 2016 -
Author:
William Lynne -
Pages:
5
Michelmersh has a market cap of £57m with no debt. At the half year stage to 30 June 2016 it reported net assets of £50.6m. It also reported earnings for the half year of £2.1m. So it is currently trading at 113% of its NAV and around 14x the brokers’ FY 12/2016 EPS forecast with a yield of 1.7%.