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MCB

McBride LSE:MCB Stock Report

Last Price

UK£0.16

Market Cap

UK£27.0m

7D

-9.9%

1Y

-81.6%

Updated

01 Jul, 2022

Data

Company Financials +
MCB fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance0/6
Financial Health2/6
Dividends0/6

MCB Stock Overview

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.

McBride Competitors

Price History & Performance

Summary of all time highs, changes and price drops for McBride
Historical stock prices
Current Share PriceUK£0.16
52 Week HighUK£0.93
52 Week LowUK£0.15
Beta1.02
1 Month Change-48.39%
3 Month Change-62.18%
1 Year Change-81.61%
3 Year Change-79.27%
5 Year Change-91.49%
Change since IPO-91.86%

Recent News & Updates

Jun 02
Does McBride (LON:MCB) Have A Healthy Balance Sheet?

Does McBride (LON:MCB) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Feb 25
Does McBride (LON:MCB) Have A Healthy Balance Sheet?

Does McBride (LON:MCB) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

MCBGB Household ProductsGB Market
7D-9.9%-0.03%1.4%
1Y-81.6%-14.9%-9.5%

Return vs Industry: MCB underperformed the UK Household Products industry which returned -14.9% over the past year.

Return vs Market: MCB underperformed the UK Market which returned -9.5% over the past year.

Price Volatility

Is MCB's price volatile compared to industry and market?
MCB volatility
MCB Average Weekly Movement11.6%
Household Products Industry Average Movement7.3%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.6%
10% least volatile stocks in GB Market2.8%

Stable Share Price: MCB is more volatile than 90% of UK stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: MCB's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of UK stocks.

About the Company

FoundedEmployeesCEOWebsite
19273,331Chris Smithhttps://www.mcbride.co.uk

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. It operates through five segments: Liquids, Powders, Unit dosing, Aerosols, and Asia Pacific. The Liquids segment offers laundry detergent, dishwasher liquids, surface cleaners, and bleach.

McBride Fundamentals Summary

How do McBride's earnings and revenue compare to its market cap?
MCB fundamental statistics
Market CapUK£26.97m
Earnings (TTM)-UK£9.70m
Revenue (TTM)UK£642.80m

0.0x

P/S Ratio

-2.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MCB income statement (TTM)
RevenueUK£642.80m
Cost of RevenueUK£445.30m
Gross ProfitUK£197.50m
Other ExpensesUK£207.20m
Earnings-UK£9.70m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.056
Gross Margin30.72%
Net Profit Margin-1.51%
Debt/Equity Ratio239.0%

How did MCB perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is MCB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MCB?

Other financial metrics that can be useful for relative valuation.

MCB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.2x
Enterprise Value/EBITDA16x
PEG Ration/a

Price to Sales Ratio vs Peers

How does MCB's PS Ratio compare to its peers?

MCB PS Ratio vs Peers
The above table shows the PS ratio for MCB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average10.4x
ACRL Accrol Group Holdings
0.5x16.8%UK£78.8m
CRL Creightons
0.6xn/aUK£35.0m
PXS Provexis
39.3xn/aUK£18.3m
VLG Venture Life Group
1.3x16.8%UK£42.4m
MCB McBride
0.04x11.5%UK£27.8m

Price-To-Sales vs Peers: MCB is good value based on its Price-To-Sales Ratio (0x) compared to the peer average (10.4x).


Price to Earnings Ratio vs Industry

How does MCB's PE Ratio compare vs other companies in the Global Household Products Industry?

Price-To-Sales vs Industry: MCB is good value based on its Price-To-Sales Ratio (0x) compared to the European Household Products industry average (0.7x)


Price to Sales Ratio vs Fair Ratio

What is MCB's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MCB PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.04x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: MCB is good value based on its Price-To-Sales Ratio (0x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).


Share Price vs Fair Value

What is the Fair Price of MCB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MCB (£0.16) is trading below our estimate of fair value (£2.59)

Significantly Below Fair Value: MCB is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MCB's PEG Ratio to determine if it is good value.


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Future Growth

How is McBride forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


50.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MCB is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: MCB is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: MCB is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: MCB's revenue (11.5% per year) is forecast to grow faster than the UK market (4.1% per year).

High Growth Revenue: MCB's revenue (11.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MCB's Return on Equity is forecast to be low in 3 years time (6.1%).


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Past Performance

How has McBride performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-19.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MCB is currently unprofitable.

Growing Profit Margin: MCB is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MCB is unprofitable, and losses have increased over the past 5 years at a rate of 19.3% per year.

Accelerating Growth: Unable to compare MCB's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MCB is unprofitable, making it difficult to compare its past year earnings growth to the Household Products industry (-37.5%).


Return on Equity

High ROE: MCB has a negative Return on Equity (-15.77%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is McBride's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MCB's short term assets (£259.6M) exceed its short term liabilities (£251.5M).

Long Term Liabilities: MCB's short term assets (£259.6M) exceed its long term liabilities (£131.7M).


Debt to Equity History and Analysis

Debt Level: MCB's net debt to equity ratio (182.3%) is considered high.

Reducing Debt: MCB's debt to equity ratio has increased from 171.8% to 239% over the past 5 years.

Debt Coverage: MCB's debt is not well covered by operating cash flow (8.7%).

Interest Coverage: Insufficient data to determine if MCB's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is McBride current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate MCB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MCB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MCB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MCB's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: MCB is not paying a notable dividend for the UK market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MCB has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

Chris Smith (58 yo)

2yrs

Tenure

UK£551,000

Compensation

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 ($USD662.86K) is above average for companies of similar size in the UK market ($USD333.56K).

Compensation vs Earnings: Chris's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: MCB's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: MCB's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MCB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

McBride plc's employee growth, exchange listings and data sources


Key Information

  • Name: McBride plc
  • Ticker: MCB
  • Exchange: LSE
  • Founded: 1927
  • Industry: Household Products
  • Sector: Household
  • Implied Market Cap: UK£26.972m
  • Shares outstanding: 174.02m
  • Website: https://www.mcbride.co.uk

Number of Employees


Location

  • McBride plc
  • Middleton Way
  • Middleton
  • Manchester
  • Greater Manchester
  • M24 4DP
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/01 00:00
End of Day Share Price2022/07/01 00:00
Earnings2021/12/31
Annual Earnings2021/06/30


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.