お知らせ • Apr 30
Miquel y Costas & Miquel, S.A., Annual General Meeting, Jun 17, 2026 Miquel y Costas & Miquel, S.A., Annual General Meeting, Jun 17, 2026. Location: hotel casa fuster, paseo de gracia 132, barcelona., Spain Declared Dividend • Apr 02
Fourth quarter dividend of €0.093 announced Shareholders will receive a dividend of €0.093. Ex-date: 14th April 2026 Payment date: 16th April 2026 Dividend yield will be 2.8%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but not covered by cash flows (151% cash payout ratio). The dividend has increased by an average of 11% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 1.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Declared Dividend • Nov 28
Dividend of €0.089 announced Shareholders will receive a dividend of €0.089. Ex-date: 15th December 2025 Payment date: 17th December 2025 Dividend yield will be 2.8%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (21% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 11% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 3.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Declared Dividend • Oct 02
Dividend of €0.087 announced Shareholders will receive a dividend of €0.087. Ex-date: 13th October 2025 Payment date: 16th October 2025 Dividend yield will be 2.7%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (39% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 10% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 3.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Sep 30
First half 2025 earnings released First half 2025 results: EPS: €0.64. Revenue: €169.2m (up 2.7% from 1H 2024). Net income: €24.4m (down 9.2% from 1H 2024). Profit margin: 14% (down from 16% in 1H 2024). The decrease in margin was driven by higher expenses. Upcoming Dividend • Jul 09
Upcoming dividend of €0.11 per share Eligible shareholders must have bought the stock before 15 July 2025. Payment date: 17 July 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Spanish dividend payers (4.9%). Lower than average of industry peers (4.3%). Declared Dividend • Jun 25
Fourth quarter dividend of €0.11 announced Shareholders will receive a dividend of €0.11. Ex-date: 15th July 2025 Payment date: 17th July 2025 Dividend yield will be 2.7%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 12% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 6.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Board Change • May 02
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Narcis Serra Serra was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. お知らせ • Apr 30
Miquel y Costas & Miquel, S.A., Annual General Meeting, Jun 18, 2025 Miquel y Costas & Miquel, S.A., Annual General Meeting, Jun 18, 2025. Location: circuloecuestre, calle balmes 169, planta tercera,., barcelona Spain Declared Dividend • Apr 03
Fourth quarter dividend of €0.091 announced Shareholders will receive a dividend of €0.091. Ex-date: 14th April 2025 Payment date: 16th April 2025 Dividend yield will be 2.9%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Mar 21
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 8.0% to €13.45. The fair value is estimated to be €11.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.5%. Reported Earnings • Mar 04
Full year 2024 earnings released: EPS: €1.28 (vs €1.11 in FY 2023) Full year 2024 results: EPS: €1.28 (up from €1.11 in FY 2023). Revenue: €310.6m (flat on FY 2023). Net income: €48.7m (up 14% from FY 2023). Profit margin: 16% (up from 14% in FY 2023). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 4% per year. Buy Or Sell Opportunity • Feb 17
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.8% to €13.15. The fair value is estimated to be €10.85, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.1%. Declared Dividend • Nov 29
Third quarter dividend of €0.087 announced Shareholders will receive a dividend of €0.087. Ex-date: 16th December 2024 Payment date: 18th December 2024 Dividend yield will be 3.0%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 77% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.1% EPS decline seen over the last 3 years. Reported Earnings • Oct 03
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €82.1m (down 3.1% from 2Q 2023). Net income: €13.8m (up 4.2% from 2Q 2023). Profit margin: 17% (up from 16% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 09
Upcoming dividend of €0.099 per share Eligible shareholders must have bought the stock before 16 July 2024. Payment date: 18 July 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Spanish dividend payers (5.5%). In line with average of industry peers (3.3%). Declared Dividend • Jun 24
First quarter dividend of €0.099 announced Shareholders will receive a dividend of €0.099. Ex-date: 16th July 2024 Payment date: 18th July 2024 Dividend yield will be 2.7%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 65% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.7% EPS decline seen over the last 3 years. Buy Or Sell Opportunity • May 10
Now 20% undervalued Over the last 90 days, the stock has risen 7.0% to €11.90. The fair value is estimated to be €14.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Earnings per share has declined by 13%. Reported Earnings • Apr 24
Full year 2023 earnings released: EPS: €1.11 (vs €0.82 in FY 2022) Full year 2023 results: EPS: €1.11 (up from €0.82 in FY 2022). Revenue: €311.6m (down 8.0% from FY 2022). Net income: €42.7m (up 35% from FY 2022). Profit margin: 14% (up from 9.3% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Apr 12
Now 20% undervalued Over the last 90 days, the stock has risen 5.3% to €11.90. The fair value is estimated to be €14.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Earnings per share has declined by 12%. Declared Dividend • Mar 29
Fourth quarter dividend of €0.089 announced Shareholders will receive a dividend of €0.089. Ex-date: 15th April 2024 Payment date: 18th April 2024 Dividend yield will be 3.1%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 04
Full year 2023 earnings released: EPS: €1.11 (vs €0.82 in FY 2022) Full year 2023 results: EPS: €1.11 (up from €0.82 in FY 2022). Revenue: €311.6m (down 8.0% from FY 2022). Net income: €42.7m (up 35% from FY 2022). Profit margin: 14% (up from 9.3% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has remained flat, which means it is well ahead of earnings. お知らせ • Dec 01
Miquel y Costas & Miquel, S.A. (BME:MCM) announces an Equity Buyback for 400,000 shares, representing 1% for €5.7 million. Miquel y Costas & Miquel, S.A. (BME:MCM) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1% of its share capital, for €5.7 million. The purpose of the program is to reduce share capital by redeeming treasury shares in order to contribute to shareholder remuneration policy by increasing earnings per share. The program will expire on November 30, 2024. As of November 30, 2023, the company had 40,000,000 shares in issue. Upcoming Dividend • Jul 04
Upcoming dividend of €0.097 per share at 4.0% yield Eligible shareholders must have bought the stock before 11 July 2023. Payment date: 13 July 2023. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of Spanish dividend payers (5.9%). Lower than average of industry peers (6.1%). Upcoming Dividend • Apr 10
Upcoming dividend of €0.087 per share at 3.8% yield Eligible shareholders must have bought the stock before 17 April 2023. Payment date: 20 April 2023. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Spanish dividend payers (5.9%). Lower than average of industry peers (5.6%). Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: €0.82 (vs €1.30 in FY 2021) Full year 2022 results: EPS: €0.82 (down from €1.30 in FY 2021). Revenue: €338.6m (up 12% from FY 2021). Net income: €31.6m (down 38% from FY 2021). Profit margin: 9.3% (down from 17% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 05
Upcoming dividend of €0.084 per share Eligible shareholders must have bought the stock before 12 December 2022. Payment date: 14 December 2022. Payout ratio is a comfortable 51% but the company is paying out more than the cash it is generating. Trailing yield: 4.2%. Lower than top quartile of Spanish dividend payers (5.9%). In line with average of industry peers (4.1%). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 8 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Jose Aranzadi Martinez was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Oct 06
Upcoming dividend of €0.075 per share Eligible shareholders must have bought the stock before 13 October 2022. Payment date: 17 October 2022. Payout ratio is a comfortable 30% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Lower than top quartile of Spanish dividend payers (6.3%). In line with average of industry peers (4.2%). Reported Earnings • Sep 30
First half 2022 earnings released: EPS: €0.46 (vs €0.73 in 1H 2021) First half 2022 results: EPS: €0.46 (down from €0.73 in 1H 2021). Revenue: €175.7m (up 11% from 1H 2021). Net income: €23.1m (down 20% from 1H 2021). Profit margin: 13% (down from 18% in 1H 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Jul 04
Upcoming dividend of €0.089 per share Eligible shareholders must have bought the stock before 11 July 2022. Payment date: 13 July 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Spanish dividend payers (5.7%). Lower than average of industry peers (3.7%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Jose Aranzadi Martinez was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 05
Upcoming dividend of €0.081 per share Eligible shareholders must have bought the stock before 12 April 2022. Payment date: 14 April 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Spanish dividend payers (5.5%). Lower than average of industry peers (3.3%). Reported Earnings • Mar 03
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: €1.30 (up from €1.12 in FY 2020). Revenue: €302.5m (up 9.9% from FY 2020). Net income: €50.8m (up 13% from FY 2020). Profit margin: 17% (in line with FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jul 02
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 09 July 2021. Payment date: 13 July 2021. Trailing yield: 1.5%. Lower than top quartile of Spanish dividend payers (4.9%). Lower than average of industry peers (2.8%). Upcoming Dividend • Apr 07
Inaugural dividend of €0.081 per share Eligible shareholders must have bought the stock before 14 April 2021. Payment date: 16 April 2021. The company last paid an ordinary dividend in April 2019. The average dividend yield among industry peers is 2.7%. Is New 90 Day High Low • Mar 02
New 90-day high: €15.02 The company is up 5.0% from its price of €14.28 on 02 December 2020. The Spanish market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Forestry industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.35 per share. Reported Earnings • Mar 01
Full year 2020 earnings released: EPS €1.53 (vs €1.30 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €275.3m (up 4.2% from FY 2019). Net income: €44.9m (up 14% from FY 2019). Profit margin: 16% (up from 15% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Mar 01
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 0.5%. Earnings per share (EPS) exceeded analyst estimates by 17%. Over the next year, revenue is forecast to grow 2.8%, compared to a 1.5% growth forecast for the Forestry industry in Spain. Is New 90 Day High Low • Dec 28
New 90-day high: €14.76 The company is up 25% from its price of €11.80 on 29 September 2020. The Spanish market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.72 per share. Is New 90 Day High Low • Dec 09
New 90-day high: €14.60 The company is up 26% from its price of €11.60 on 10 September 2020. The Spanish market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.93 per share. Is New 90 Day High Low • Nov 12
New 90-day high: €13.54 The company is up 13% from its price of €11.96 on 14 August 2020. The Spanish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Forestry industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.95 per share. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total profits of €41.9m, up 12% from the prior year. Total revenue was €265.0m over the last 12 months, down 3.2% from the prior year. Is New 90 Day High Low • Sep 25
New 90-day low: €11.34 The company is down 12% from its price of €12.82 on 26 June 2020. The Spanish market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 9.0% over the same period.