McBride plc, together with its subsidiaries, manufactures and sells private label household and personal care products to retailers and brand owners in the United Kingdom, the Asia Pacific, rest of Europe, and internationally. More Details
Very undervalued with adequate balance sheet.
Share Price & News
How has McBride's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 10W is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: Insufficient data to determine 10W's volatility change over the past year.
7 Day Return
DE Household Products
1 Year Return
DE Household Products
Return vs Industry: Insufficient data to determine how 10W performed against the German Household Products industry.
Return vs Market: Insufficient data to determine how 10W performed against the German Market.
Long-Term Price Volatility Vs. Market
How volatile is McBride's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is McBride undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 10W (€0.69) is trading below our estimate of fair value (€1.24)
Significantly Below Fair Value: 10W is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 10W is good value based on its PE Ratio (17.5x) compared to the XE Household Products industry average (17.9x).
PE vs Market: 10W is good value based on its PE Ratio (17.5x) compared to the German market (23.2x).
Price to Earnings Growth Ratio
PEG Ratio: 10W is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: 10W is good value based on its PB Ratio (1.7x) compared to the XE Household Products industry average (2.1x).
How is McBride forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 10W's forecast earnings growth (30.1% per year) is above the savings rate (0.2%).
Earnings vs Market: 10W's earnings (30.1% per year) are forecast to grow faster than the German market (27.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 10W's revenue (1.2% per year) is forecast to grow slower than the German market (5.8% per year).
High Growth Revenue: 10W's revenue (1.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 10W's Return on Equity is forecast to be low in 3 years time (19.6%).
How has McBride performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 10W has a large one-off loss of £10.8M impacting its June 30 2020 financial results.
Growing Profit Margin: 10W's current net profit margins (0.9%) are lower than last year (1.7%).
Past Earnings Growth Analysis
Earnings Trend: 10W has become profitable over the past 5 years, growing earnings by 5.8% per year.
Accelerating Growth: 10W's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 10W had negative earnings growth (-44%) over the past year, making it difficult to compare to the Household Products industry average (26.2%).
Return on Equity
High ROE: 10W's Return on Equity (10%) is considered low.
How is McBride's financial position?
Financial Position Analysis
Short Term Liabilities: 10W's short term assets (£287.6M) exceed its short term liabilities (£253.9M).
Long Term Liabilities: 10W's short term assets (£287.6M) exceed its long term liabilities (£151.0M).
Debt to Equity History and Analysis
Debt Level: 10W's debt to equity ratio (204.8%) is considered high.
Reducing Debt: 10W's debt to equity ratio has increased from 199.7% to 204.8% over the past 5 years.
Debt Coverage: 10W's debt is well covered by operating cash flow (37.7%).
Interest Coverage: 10W's interest payments on its debt are well covered by EBIT (8.3x coverage).
What is McBride current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 10W's dividend (1.72%) is higher than the bottom 25% of dividend payers in the German market (1.13%).
High Dividend: 10W's dividend (1.72%) is low compared to the top 25% of dividend payers in the German market (3.64%).
Stability and Growth of Payments
Stable Dividend: 10W's dividend payments have been volatile in the past 10 years.
Growing Dividend: 10W's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30%), 10W's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 10W's dividends in 3 years are forecast to be well covered by earnings (21.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Chris Smith (56 yo)
Mr. Christopher Ian Charles Smith, also known as Chris, ACA is the Chief Executive Officer at McBride plc since June 11, 2020. He had been the been Chief Financial Officer of McBride plc since November 1, ...
CEO Compensation Analysis
Compensation vs Market: Chris's total compensation ($USD657.28K) is about average for companies of similar size in the German market ($USD692.51K).
Compensation vs Earnings: Chris's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|CEO & Executive Director||0.42yr||UK£493.00k||0.22% |
|Interim Chief Financial Officer||0.33yr||no data||no data|
|General Counsel & Company Secretary||0.83yr||no data||no data|
|Chief R&D Officer||8.25yrs||no data||no data|
|Interim Director of Finance & Group Financial Controller||no data||no data||no data|
Experienced Management: 10W's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.
|CEO & Executive Director||0.42yr||UK£493.00k||0.22% |
|Senior Independent Non-Executive Director||7.08yrs||UK£52.00k||0.041% |
|Independent Non-Executive Director||1yr||UK£29.00k||0.0087% |
|Independent Non-Executive Director||8.83yrs||UK£52.00k||0.026% |
|Non-Executive Director||1.42yrs||UK£45.00k||no data|
|Independent Non-Executive Chairman of the Board||1.08yrs||UK£123.00k||0.21% |
Experienced Board: 10W's board of directors are considered experienced (3.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 10W insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
McBride plc's company bio, employee growth, exchange listings and data sources
- Name: McBride plc
- Ticker: 10W
- Exchange: DB
- Founded: 1927
- Industry: Household Products
- Sector: Household
- Market Cap: UK£116.315m
- Listing Market Cap: UK£130.246m
- Shares outstanding: 181.74m
- Website: https://www.mcbride.co.uk
Number of Employees
- McBride plc
- Middleton Way
- Greater Manchester
- M24 4DP
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MCB||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||GBP||Jul 1995|
|MCBR.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jul 1995|
|MCBL||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||GBP||Jul 1995|
|10W||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jul 1995|
McBride plc, together with its subsidiaries, manufactures and sells private label household and personal care products to retailers and brand owners in the United Kingdom, the Asia Pacific, rest of Europe,...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/26 18:47|
|End of Day Share Price||2020/11/25 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.