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Marshalls plc (MSLH.L)

Basic Materials Balanced

Marshalls supplies the paving slabs, bricks, and concrete used across British gardens and massive public building projects.

£1.62
≈ 162p · London-listed shares are usually quoted in pence (GBX) elsewhere; the Almanac shows pounds (£1 = 100p).

Is Marshalls plc a good stock for a UK beginner?

The honest version: There's no rating here and nothing for sale. In its favour: Well-known household and trade brand in British landscaping. Worth weighing: Recent steep drop in year-on-year earnings. Below, we lay out what it does, what its numbers mean, and the honest risks, so you can decide for yourself.

No rating · no target price · nothing for sale here
Price-53.5%
52-week range-41% past year
£1.62
Low £1.24High £2.10
Where today's price sits versus its past year - context, not a signal.
If you had put £1,000 into Marshalls plc
£465-54%

Over about 2 years to 2026-07-31. This is the share price only - reinvesting the dividends would add to it. Past performance is not a guide to the future, and it could just as easily have fallen.

How much has Marshalls plc actually fallen?

−65%

Over the last 2 years of daily prices, Marshalls plc fell as much as −65% from a high to a later low. Drops of this size are a normal part of owning a share - worth knowing in advance, so a dip doesn't come as a shock.

Worst peak-to-trough fall in the daily closing price over the period we hold. Past falls are not a forecast - it can fall further, or recover.

Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
£409.17M
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
1.76M
Day range: The lowest and highest price the shares traded at during the latest day.
£1.61 – £1.65
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
£1.24 – £2.10
P/E ratio: Price-to-earnings: the share price divided by yearly profit per share. Lower can mean cheaper; higher often means investors expect fast growth.
27.0
Dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone.
4.1%
Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down.
1.27
How bumpy is it?Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. 1.27
Calm
Wild
Roughly in step with the market

Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.

Why has it been moving?▲ +3% past week · ▼ -41% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

The bull case

a multi-year building boom lifts overall profitability

The bear case

structural decline in traditional construction methods

What does Marshalls plc do?

Whenever you walk past a newly paved high street or spot someone revamping their patio with sturdy stonework, there is a solid chance Marshalls made the materials. They turn raw minerals into hard landscaping products, making money by selling to both big construction firms and weekend DIYers. The key detail to keep an eye on is how property building cycles and consumer spending shifts affect their sales volume.

VQGMI
Factor profile

On our factor screen it looks strongest on value and momentum, and weakest on growth.

Value: How cheap the stock looks versus profits, sales and assets (higher = cheaper). 67Quality: How profitable and financially healthy the company is (higher = stronger). 46Growth: How fast revenue and earnings are growing (higher = faster). 12Momentum: How the share price has been trending recently (higher = stronger recent run). 46Income: The dividend income on offer and how sustainable it looks (higher = more/steadier). 42
Quick checks
What's strong
  • Well-known household and trade brand in British landscaping
  • Healthy gross margin indicating strong pricing power on physical goods
  • Generous dividend yield compared to the wider market average
What to watch
  • Growth screens low (12/100)
  • Vulnerability to economic downturns slowing down home renovations
  • High sensitivity to building material and energy costs
  • Higher than average share price volatility indicated by beta

What do Marshalls plc's numbers mean?

P/E
27.0
This historical price-to-earnings ratio shows what investors recently paid relative to past profits, which currently looks high because earnings took a heavy knock.
Around the middle of the 27 Basic Materials shares we cover
Forward P/E
9.3
This suggests profits might bounce back nicely next year, bringing the relative cost down if forecasts prove correct.
Lower than most of the 34 Basic Materials shares we cover
Dividend yield
4.2%
A decent slice of income returned to shareholders for holding the shares, though these payouts always depend on the company staying profitable.
Higher than most of the 34 Basic Materials shares we cover
Market cap
£409.2M
This puts the company firmly in the mid-size category on the London Stock Exchange.

Does Marshalls plc pay a dividend?

Yes - Marshalls plc currently pays a dividend of about 4.1% a year (the yearly payout as a share of the price). A dividend is a slice of profit handed to shareholders; the yield moves as the price moves, and a company can cut or stop it.

What do the numbers say about Marshalls plc's dividend?

There's no rating here, and we don't judge whether the dividend will continue - that would be advice. Here are the figures income investors usually look at, and what each one means, so you can weigh it up yourself.

Dividend yield4.1%The yearly dividend as a percentage of today's price. A very high figure often means the price has fallen because the market expects a cut, so a big yield is a question to look into, not a prize.
Payout ratio136%The share of profit paid out as dividends. A lower figure leaves headroom; near or above 100% means most or all of the profit is going out as dividends.
Dividend cover0.7×Profit divided by the dividend (the payout ratio the other way up). As a rough convention many income investors like around 2× or more; below 1× means the company paid out more than it earned that year.

Figures are from the latest available data and can be distorted by one-off results. Past payments don't predict future ones, and a dividend can be cut at any time. This lays out the numbers to help you understand them - it is not a view on what will happen.

When does Marshalls plc report earnings, and how did recent quarters go?

Marshalls plc is next scheduled to report on about 2026-08-13 - dates can move, and we don't predict results; this just tells you when to look.

Each quarter a company reports its results against what analysts expected. ‘Beating’ or ‘missing’ is about that expectation, not whether the business is doing well in absolute terms.

See who else reports over the next two weeks →

Reported vs expected earnings per share (EPS) from published results; the expectation is the analyst consensus, not our view. Report dates are estimates that can move.

More in Basic Materials

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What are the scenarios for Marshalls plc?

An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.

£2£2£1today · £2▲ Bull · £2• Base · £2▼ Bear · £1in 1 yearILLUSTRATIVE · NOT A PREDICTION OR PRICE TARGET
Bull
+10% to +20%construction markets recover faster than expected
Base
-5% to +5%trade remains steady with no major shocks
Bear
-15% to -25%home improvement spending dips further

What are the pros and cons of Marshalls plc?

3bull points
6bear points

How many points the write-up makes each way — a balance check, not a score or verdict.

The bull case3
  • Well-known household and trade brand in British landscaping
  • Healthy gross margin: The share of each £1 of sales left after the direct cost of making the product, before other running costs. Higher usually means more pricing power. indicating strong pricing power on physical goods
  • Generous dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone. compared to the wider market average
The catch3
  • Recent steep drop in year-on-year earnings
  • Low return on equity: How much profit the company makes for each £1 shareholders have put in. Higher usually means a more efficient business. showing current weak profitability relative to shareholder funds
  • Share price down over the last twelve months
Key risks3
  • Vulnerability to economic downturns slowing down home renovations
  • High sensitivity to building material and energy costs
  • Higher than average share price volatility indicated by beta
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

Confidence: medium · data: GBP · flags: none · Charts by TradingView Lightweight Charts™
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Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Figures as of 2026-08-02. Prices may be delayed and numbers can go stale - always double-check before acting.