Major Estimate Revision • Jun 14
Consensus EPS estimates fall by 22% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from UK£0.207 to UK£0.162. Revenue forecast unchanged from UK£933.2m at last update. Net income forecast to grow 6.6% next year vs 3.1% growth forecast for Household Products industry in the United Kingdom. Consensus price target broadly unchanged at UK£2.05. Share price fell 13% to UK£1.42 over the past week. Annonce • Apr 04
McBride plc (LSE:MCB) signed a binding offer to acquire Eurotab SA from the shareholders for €40 million. McBride plc (LSE:MCB) signed a binding offer to acquire Eurotab SA from the shareholders for €40 million on April 2, 2026. A cash consideration of €40 million (£34.5 million) will be paid by McBride plc, subject to customary closing adjustments. The enterprise value for the Proposed Acquisition is dependent on Eurotab's closing 12 month EBITDA at completion. It is currently anticipated that this will result in an enterprise value of €38.2 million plus a payment of €1.8 million for acquired tax losses. The enterprise value will be subject to customary closing adjustments to determine the final purchase price. The Proposed Acquisition is expected to be accretive to earnings per share in the first full year of ownership and will raise overall Group margins, adding approximately 0.5 percentage points to the Group's EBITDA margin, and moving the Group towards the 10% target set at the 2024 Capital Markets Day. The Proposed Acquisition is expected to generate attractive returns well in excess of the Group's cost of capital. The consideration will be financed through the Group's existing banking facilities, with the Group's net debt to EBITDA ratio expected to be slightly above the Capital Markets Day target of 1.5x for approximately one year post completion. The Proposed Acquisition is in line with the Group's growth strategy and is anticipated to further strengthen McBride's position as a leading detergent producer in Europe.
In accordance with applicable French legal requirements, the acceptance of McBride's offer is subject to the completion of information and consultation procedures with the French employees and employee representative bodies of the Eurotab Group. Subject to the completion of those procedures, it is anticipated that the parties will enter into the final sale and purchase documentation. The transaction would also be subject to certain other conditions to completion. The anticipated purchase price represents an underlying EBITDA multiple of 5.2x or 4.6x net of the value of acquired tax losses which the Group expects to use over time. When adjusting for conservative synergies the underlying EBITDA multiple equates to 3.1x. The Proposed Acquisition will close between June 2026 and the end of the first quarter of the Group's 2027 financial year. Annonce • Mar 11
Mcbride plc Appoints Casper Meijer as Independent Non-Executive Director, Effective March 10, 2026 McBride plc announces the appointment of Casper Meijer as an independent Non-Executive Director with effect from March 10, 2026. Casper has extensive experience in the retail sector across a wide range of categories, such as garden, pet, outdoor living, food, household goods and discount retail, in both local and international companies. He brings specific expertise in private label, category management and sustainable innovation. Presently, Casper is the Chief Executive Officer of Welkoop, a Dutch retail chain that focuses on garden, pet and outdoor living products. In addition, Casper is a Non-Executive Director of Fiksuruoka, a Finnish company (which trades as Foodello outside of Finland) that has become one of the leading food-waste-reduction retailers in Europe. Previously, Casper was the Chief Executive Officer of Blokker Holding (now known as Mirage Retail Group), a Dutch retail conglomerate that has owned and operated many of the Netherlands' best-known non-food store chains. He has also held the position of Group Trading Director at Morrisons plc, the UK supermarket chain and was Commercial Director and Board member at Albert Heijn. Contemporaneously with joining the Board, Casper will become a member of the Audit and Risk, Nomination and Remuneration Committees of the Company. Annonce • Mar 01
Mcbride plc Announces Directorate Changes McBride plc announces that Elizabeth (Liz) McMeikan, Senior Independent Director, has informed the Company of her decision to resign from the Board with effect from 31 March 2026.
Liz joined the Board in November 2019. During her tenure, Liz became Senior Independent Director and Chair of the Remuneration Committee, as well as serving as a member of both the Audit and Risk Committee and the Nomination Committee. Alastair Murray will replace Liz as Senior Independent Director, in addition to continuing as Chair of the Audit and Risk Committee. Regi Aalstad will replace Liz as Chair of the Remuneration Committee, in addition to acting as the designated Non-Executive Director for employee engagement.
The Nomination Committee has commenced a formal process to identify and appoint a suitable replacement Non-Executive Director. A further announcement will be made in due course. Reported Earnings • Feb 25
First half 2026 earnings released: EPS: UK£0.094 (vs UK£0.11 in 1H 2025) First half 2026 results: EPS: UK£0.094 (down from UK£0.11 in 1H 2025). Revenue: UK£475.2m (flat on 1H 2025). Net income: UK£16.0m (down 18% from 1H 2025). Profit margin: 3.4% (down from 4.1% in 1H 2025). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Household Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has increased by 80% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to UK£1.39, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Household Products industry in Europe. Total returns to shareholders of 584% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.37 per share. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to UK£1.25, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Household Products industry in Europe. Total returns to shareholders of 509% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.36 per share. Annonce • Nov 22
McBride plc Declares A Final Dividend on Ordinary Share in Respect of the Year Ended 30 June 2025 McBride plc at its AGM, held on 20 November 2025, approved to declare a final dividend of 3.0 pence per ordinary share in respect of the year ended 30 June 2025. Recent Insider Transactions • Oct 27
CEO & Executive Director recently sold UK£1.0m worth of stock On the 23rd of October, Christopher Ian Smith sold around 843k shares on-market at roughly UK£1.23 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Christopher Ian has been a net seller over the last 12 months, reducing personal holdings by UK£1.0m. Upcoming Dividend • Oct 23
Upcoming dividend of UK£0.03 per share Eligible shareholders must have bought the stock before 30 October 2025. Payment date: 28 November 2025. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (3.2%). Price Target Changed • Oct 08
Price target increased by 11% to UK£1.96 Up from UK£1.76, the current price target is an average from 4 analysts. New target price is 56% above last closing price of UK£1.26. Stock is up 11% over the past year. The company is forecast to post earnings per share of UK£0.20 for next year compared to UK£0.19 last year. New Risk • Sep 19
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (103% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Sep 17
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: UK£0.20. Revenue: UK£926.5m (flat on FY 2024). Net income: UK£33.2m (flat on FY 2024). Profit margin: 3.6% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.5%. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 2.7% growth forecast for the Household Products industry in Europe. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to UK£1.32, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Household Products industry in Europe. Total returns to shareholders of 715% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.63 per share. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Non-Executive Director Regi Aalstad was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 03
First half 2025 earnings released: EPS: UK£0.11 (vs UK£0.073 in 1H 2024) First half 2025 results: EPS: UK£0.11 (up from UK£0.073 in 1H 2024). Revenue: UK£471.4m (flat on 1H 2024). Net income: UK£19.4m (up 53% from 1H 2024). Profit margin: 4.1% (up from 2.7% in 1H 2024). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Household Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Price Target Changed • Feb 25
Price target increased by 7.9% to UK£1.83 Up from UK£1.70, the current price target is an average from 3 analysts. New target price is 25% above last closing price of UK£1.47. Stock is up 65% over the past year. The company is forecast to post earnings per share of UK£0.21 for next year compared to UK£0.19 last year. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to UK£1.56, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 17x in the Household Products industry in Europe. Total returns to shareholders of 227% over the past three years. New Risk • Jan 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 4.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (194% net debt to equity). Share price has been volatile over the past 3 months (4.9% average weekly change). Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to UK£1.25, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 16x in the Household Products industry in Europe. Total returns to shareholders of 135% over the past three years. Recent Insider Transactions • Nov 08
CEO & Executive Director recently bought UK£335k worth of stock On the 4th of November, Christopher Ian Smith bought around 300k shares on-market at roughly UK£1.11 per share. This transaction amounted to 61% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Christopher Ian has been a net seller over the last 12 months, reducing personal holdings by UK£172k. Annonce • Oct 08
McBride plc to Report First Half, 2025 Results on Feb 25, 2025 McBride plc announced that they will report first half, 2025 results on Feb 25, 2025 Annonce • Oct 07
McBride plc to Report Fiscal Year 2025 Results on Sep 16, 2025 McBride plc announced that they will report fiscal year 2025 results on Sep 16, 2025 Recent Insider Transactions • Sep 23
CEO & Executive Director recently sold UK£197k worth of stock On the 20th of September, Christopher Ian Smith sold around 169k shares on-market at roughly UK£1.16 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Christopher Ian's only on-market trade for the last 12 months. Annonce • Sep 18
McBride plc, Annual General Meeting, Nov 12, 2024 McBride plc, Annual General Meeting, Nov 12, 2024. New Risk • Sep 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risk High level of debt (194% net debt to equity). Reported Earnings • Sep 17
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: UK£0.19 (up from UK£0.066 loss in FY 2023). Revenue: UK£934.8m (up 5.2% from FY 2023). Net income: UK£33.3m (up UK£44.8m from FY 2023). Profit margin: 3.6% (up from net loss in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Household Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. New Risk • Sep 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (313% net debt to equity). Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Large one-off items impacting financial results. Major Estimate Revision • May 05
Consensus EPS estimates increase by 14% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from UK£0.167 to UK£0.189. Revenue forecast steady at UK£962.6m. Net income forecast to grow 81% next year vs 40% growth forecast for Household Products industry in the United Kingdom. Consensus price target up from UK£1.16 to UK£1.29. Share price fell 4.1% to UK£1.06 over the past week. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to UK£1.23, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Household Products industry in Europe. Total returns to shareholders of 34% over the past three years. Reported Earnings • Feb 28
First half 2024 earnings released: EPS: UK£0.073 (vs UK£0.097 loss in 1H 2023) First half 2024 results: EPS: UK£0.073 (up from UK£0.097 loss in 1H 2023). Revenue: UK£468.0m (up 9.8% from 1H 2023). Net income: UK£12.7m (up UK£29.5m from 1H 2023). Profit margin: 2.7% (up from net loss in 1H 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Household Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. New Risk • Jan 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). New Risk • Dec 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Reported Earnings • Sep 19
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: UK£0.066 loss per share (improved from UK£0.14 loss in FY 2022). Revenue: UK£889.0m (up 31% from FY 2022). Net loss: UK£11.5m (loss narrowed 52% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 33%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Household Products industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Annonce • Sep 19
McBride plc, Annual General Meeting, Nov 20, 2023 McBride plc, Annual General Meeting, Nov 20, 2023. New Risk • Sep 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (UK£70.7m market cap, or US$87.5m). New Risk • Aug 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (UK£67.6m market cap, or US$85.6m). Buying Opportunity • Aug 04
Now 21% undervalued Over the last 90 days, the stock is up 37%. The fair value is estimated to be UK£0.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 16% in a year. Earnings is forecast to grow by 75% in the next year. New Risk • Jul 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (UK£54.6m market cap, or US$71.4m). Annonce • Jul 14
McBride plc Provides Earnings Guidance for the Year Ended June 30, 2023 McBride plc provided earnings guidance for the year ended June 30, 2023. Overall revenues for the full year, reflecting both volume increases and pricing actions, will show growth of 28.4% on a constant currency basis compared to the year to 30 June 2022. Annonce • Jun 01
McBride plc Announces Resignation of Igor Kuzniar as a Non-Executive Director McBride plc announced that Igor Kuzniar will step down as a Non-Executive Director of the Company with effect from 31 May 2023. Igor joined the Board in June 2019, following constructive discussions with Teleios Capital Partners LLC. During his tenure, Igor became a member of the Nomination Committee and participated as an observer on both the Remuneration Committee and the Audit and Risk Committee. Annonce • May 26
McBride plc, Annual General Meeting, May 25, 2023 McBride plc, Annual General Meeting, May 25, 2023. Agenda: To consider appointment of Regi Aalstad, an independent non-executive director. Major Estimate Revision • Apr 26
Consensus EPS estimates upgraded to UK£0.11 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -UK£0.143 to -UK£0.114 per share. Revenue forecast steady at UK£873.6m. Household Products industry in the United Kingdom expected to see average net income growth of 20% next year. Consensus price target up from UK£0.35 to UK£0.38. Share price rose 2.6% to UK£0.31 over the past week. Major Estimate Revision • Mar 07
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -UK£0.127 to -UK£0.143 per share. Revenue forecast unchanged at UK£873.7m. Household Products industry in the United Kingdom expected to see average net income growth of 20% next year. Consensus price target of UK£0.35 unchanged from last update. Share price rose 14% to UK£0.27 over the past week. Reported Earnings • Mar 01
First half 2023 earnings released: UK£0.097 loss per share (vs UK£0.08 loss in 1H 2022) First half 2023 results: UK£0.097 loss per share (further deteriorated from UK£0.08 loss in 1H 2022). Revenue: UK£426.3m (up 32% from 1H 2022). Net loss: UK£16.8m (loss widened 22% from 1H 2022). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Household Products industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Annonce • Jan 17
McBride plc to Report First Half, 2023 Results on Feb 28, 2023 McBride plc announced that they will report first half, 2023 results on Feb 28, 2023 Price Target Changed • Nov 16
Price target decreased to UK£0.35 Down from UK£0.65, the current price target is an average from 2 analysts. New target price is 45% above last closing price of UK£0.24. Stock is down 63% over the past year. The company is forecast to post a net loss per share of UK£0.12 next year compared to a net loss per share of UK£0.14 last year. Major Estimate Revision • Oct 06
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 expected loss increased from -UK£0.04 to -UK£0.12 per share. Revenue forecast unchanged at UK£831.9m. Household Products industry in the United Kingdom expected to see average net income growth of 28% next year. Consensus price target of UK£0.35 unchanged from last update. Share price was steady at UK£0.24 over the past week. Reported Earnings • Sep 30
Full year 2022 earnings: EPS in line with expectations, revenues disappoint Full year 2022 results: UK£0.14 loss per share (down from UK£0.078 profit in FY 2021). Revenue: UK£678.3m (flat on FY 2021). Net loss: UK£24.0m (down 271% from profit in FY 2021). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Household Products industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Board Change • Jul 31
High number of new directors Non-Executive Director Regi Aalstad was the last director to join the board, commencing their role in 2022. Price Target Changed • Jun 29
Price target decreased to UK£0.35 Down from UK£0.68, the current price target is an average from 2 analysts. New target price is 108% above last closing price of UK£0.17. Stock is down 81% over the past year. The company is forecast to post a net loss per share of UK£0.14 compared to earnings per share of UK£0.078 last year. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Executive Director Regi Aalstad was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 24
First half 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First half 2022 results: UK£0.08 loss per share (down from UK£0.054 profit in 1H 2021). Revenue: UK£323.4m (down 11% from 1H 2021). Net loss: UK£13.8m (down 239% from profit in 1H 2021). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 13%, compared to a 2.7% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Feb 23
Consensus EPS estimates fall by 94% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from UK£719.6m to UK£688.4m. Losses expected to increase from UK£0.07 per share to UK£0.14. Household Products industry in the United Kingdom expected to see average net income growth of 14% next year. Consensus price target down from UK£0.68 to UK£0.65. Share price fell 6.1% to UK£0.46 over the past week. Price Target Changed • Feb 22
Price target decreased to UK£0.65 Down from UK£0.70, the current price target is an average from 2 analysts. New target price is 40% above last closing price of UK£0.46. Stock is down 45% over the past year. The company is forecast to post a net loss per share of UK£0.071 compared to earnings per share of UK£0.078 last year. Major Estimate Revision • Dec 17
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -UK£0.04 to -UK£0.07 per share. Revenue forecast unchanged at UK£709.4m. Household Products industry in the United Kingdom expected to see average net income growth of 13% next year. Consensus price target down from UK£0.70 to UK£0.63. Share price fell 9.7% to UK£0.54 over the past week. Recent Insider Transactions • Oct 27
Key Executive recently bought UK£65k worth of stock On the 22nd of October, Jeffrey Nodland bought around 100k shares on-market at roughly UK£0.65 per share. This was the largest purchase by an insider in the last 3 months. Jeffrey has been a buyer over the last 12 months, purchasing a net total of UK£134k worth in shares. Board Change • Sep 25
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Alastair S. Murray was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Sep 08
Price target increased to UK£0.87 Up from UK£0.81, the current price target is an average from 3 analysts. New target price is 14% above last closing price of UK£0.77. Stock is up 24% over the past year. Reported Earnings • Sep 08
Full year 2021 earnings released: EPS UK£0.078 (vs UK£0.037 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: UK£682.3m (down 3.4% from FY 2020). Net income: UK£14.0m (up 109% from FY 2020). Profit margin: 2.1% (up from 0.9% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 18% per year. Major Estimate Revision • Aug 20
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from UK£0.043 to UK£0.079. Revenue forecast steady at UK£700.0m. Net income forecast to shrink 65% next year vs 15% growth forecast for Household Products industry in the United Kingdom . Consensus price target down from UK£0.88 to UK£0.81. Share price fell 13% to UK£0.76 over the past week. Price Target Changed • May 08
Price target decreased to UK£0.88 Down from UK£0.99, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of UK£0.84. Stock is up 44% over the past year. Major Estimate Revision • May 06
Consensus EPS estimates fall to UK£0.043 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from UK£719.6m to UK£706.0m. EPS estimate also fell from UK£0.076 to UK£0.043. Net income forecast to shrink 20% next year vs 27% growth forecast for Household Products industry in the United Kingdom . Consensus price target down from UK£0.99 to UK£0.93. Share price fell 13% to UK£0.80 over the past week. Price Target Changed • Apr 17
Price target increased to UK£0.99 Up from UK£0.90, the current price target is an average from 5 analysts. New target price is 9.4% above last closing price of UK£0.90. Stock is up 50% over the past year. Recent Insider Transactions • Mar 06
Key Executive recently bought UK£69k worth of stock On the 2nd of March, Jeffrey Nodland bought around 84k shares on-market at roughly UK£0.83 per share. This was the largest purchase by an insider in the last 3 months. Jeffrey has been a buyer over the last 12 months, purchasing a net total of UK£167k worth in shares. Analyst Estimate Surprise Post Earnings • Feb 24
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 0.2%. Earnings per share (EPS) missed analyst estimates by 18%. Over the next year,revenue is forecast to stay flat, in line with the revenue forecast for the Household Products industry in the United Kingdom. Reported Earnings • Feb 24
First half 2021 earnings released: EPS UK£0.054 (vs UK£0.02 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: UK£362.9m (up 3.6% from 1H 2020). Net income: UK£9.90m (up 168% from 1H 2020). Profit margin: 2.7% (up from 1.1% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 19% per year. Price Target Changed • Feb 23
Price target raised to UK£0.87 Up from UK£0.79, the current price target is an average from 5 analysts. The new target price is close to the current share price of UK£0.84. As of last close, the stock is up 27% over the past year.