McBride
McBride plc, together with its subsidiaries, manufactures and sells private label household and personal care products to retailers in the United Kingdom, other regions in Europe, and Asia. The last earnings update was 89 days ago. More info.
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- McBride has significant price volatility in the past 3 months.
MCB Share Price and Events
7 Day Returns
1 Year Returns
MCB Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| McBride (MCB) | -2% | -19.8% | -2.1% | -33.8% | -46.1% | -16.7% |
| GB Household Products | 1.7% | 7.5% | 0.6% | 4.6% | -12.6% | 12% |
| GB Market | 1.5% | -2.1% | 1.8% | -6.3% | 15.4% | 2% |
1 Year Return vs Industry and Market
- MCB underperformed the Household Products industry which returned 4.6% over the past year.
- MCB underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -6.3% over the past year.
MCB Value
Is McBride undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
McBride
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for McBride.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 6 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 6.5% |
| Perpetual Growth Rate | 10-Year GB Government Bond Rate | 1.2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year GB Govt Bond Rate | 1.2% |
| Equity Risk Premium | S&P Global | 6.7% |
| Household Products Unlevered Beta | Simply Wall St/ S&P Global | 0.33 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.334 (1 + (1- 19%) (73.11%)) |
0.686 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.8 * 6.65%) |
6.55% |
Discounted Cash Flow Calculation for LSE:MCB using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for McBride is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (GBP, Millions) | Source |
Present Value Discounted (@ 6.55%) |
|
|---|---|---|---|
| 2019 | 16.00 | Analyst x2 | 15.02 |
| 2020 | 18.21 | Analyst x4 | 16.04 |
| 2021 | 20.78 | Analyst x4 | 17.18 |
| 2022 | 21.46 | Est @ 3.29% | 16.66 |
| 2023 | 22.04 | Est @ 2.67% | 16.05 |
| 2024 | 22.53 | Est @ 2.24% | 15.40 |
| 2025 | 22.97 | Est @ 1.93% | 14.73 |
| 2026 | 23.36 | Est @ 1.72% | 14.07 |
| 2027 | 23.73 | Est @ 1.57% | 13.41 |
| 2028 | 24.08 | Est @ 1.47% | 12.77 |
| Present value of next 10 years cash flows | £151.32 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= £24.08 × (1 + 1.23%) ÷ (6.55% – 1.23%) |
£458.13 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= £458.13 ÷ (1 + 6.55%)10 |
£242.98 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= £151.32 + £242.98 |
£394.31 |
| Equity Value per Share (GBP) |
= Total value / Shares Outstanding
= £394.31 / 182.80 |
£2.16 |
| Calculation | Result | |
|---|---|---|
| Value per share (GBP) | From above. | £2.16 |
| Current discount | Discount to share price of
£0.85
= -1 x (£0.85 - £2.16) / £2.16 |
60.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- McBride's share price is below the future cash flow value, and at a moderate discount (> 20%).
- McBride's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for McBride's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
McBride's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in GBP | £0.11 |
| LSE:MCB Share Price ** | LSE (2019-05-21) in GBP | £0.85 |
| Europe Household Products Industry PE Ratio | Median Figure of 5 Publicly-Listed Household Products Companies | 17.8x |
| United Kingdom of Great Britain and Northern Ireland Market PE Ratio | Median Figure of 789 Publicly-Listed Companies | 16.22x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of McBride.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = LSE:MCB Share Price ÷ EPS (both in GBP) = 0.85 ÷ 0.11 |
8.06x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- McBride is good value based on earnings compared to the Europe Household Products industry average.
- McBride is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does
McBride's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 8.06x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts |
16.2%per year |
| Europe Household Products Industry PEG Ratio | Median Figure of 5 Publicly-Listed Household Products Companies | 2.02x |
| United Kingdom of Great Britain and Northern Ireland Market PEG Ratio | Median Figure of 575 Publicly-Listed Companies | 1.5x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 8.06x ÷ 16.2% |
0.5x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- McBride is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
McBride's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in GBP | £0.39 |
| LSE:MCB Share Price * | LSE (2019-05-21) in GBP | £0.85 |
| Europe Household Products Industry PB Ratio | Median Figure of 8 Publicly-Listed Household Products Companies | 2.17x |
| United Kingdom of Great Britain and Northern Ireland Market PB Ratio | Median Figure of 1,368 Publicly-Listed Companies | 1.5x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = LSE:MCB Share Price ÷ Book Value per Share (both in GBP) = 0.85 ÷ 0.39 |
2.2x |
* Primary Listing of McBride.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- McBride is overvalued based on assets compared to the Europe Household Products industry average.
Value checks
We assess McBride's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Household Products industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Household Products industry average (and greater than 0)? (1 check) McBride has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
MCB Future Performance
How is McBride expected to perform in the next 1 to 3 years based on estimates from 6 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- McBride's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
- McBride's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
- McBride's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| LSE:MCB Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts | 16.2% |
| LSE:MCB Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts | 2% |
| Europe Household Products Industry Earnings Growth Rate | Market Cap Weighted Average | 7.6% |
| Europe Household Products Industry Revenue Growth Rate | Market Cap Weighted Average | 3.1% |
| United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate | Market Cap Weighted Average | 11% |
| United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate | Market Cap Weighted Average | 5% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-06-30 | 788 | 2 | ||
| 2021-06-30 | 749 | 50 | 25 | 6 |
| 2020-06-30 | 738 | 45 | 23 | 6 |
| 2019-06-30 | 729 | 35 | 17 | 6 |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 725 | 41 | 19 |
| 2018-09-30 | 707 | 34 | 19 |
| 2018-06-30 | 690 | 28 | 19 |
| 2017-12-31 | 606 | 18 | 5 |
| 2017-09-30 | 620 | 27 | 7 |
| 2017-06-30 | 633 | 37 | 9 |
| 2017-03-31 | 701 | 40 | 15 |
| 2016-12-31 | 697 | 43 | 21 |
| 2016-09-30 | 689 | 39 | 19 |
| 2016-06-30 | 681 | 35 | 17 |
| 2016-03-31 | 682 | 29 | 10 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
All data from McBride Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-06-30 | ||||
| 2021-06-30 | 0.14 | 0.15 | 0.13 | 2.00 |
| 2020-06-30 | 0.12 | 0.14 | 0.11 | 2.00 |
| 2019-06-30 | 0.10 | 0.11 | 0.09 | 2.00 |
| Date (Data in GBP Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.11 |
| 2018-09-30 | 0.10 |
| 2018-06-30 | 0.10 |
| 2017-12-31 | 0.03 |
| 2017-09-30 | 0.04 |
| 2017-06-30 | 0.05 |
| 2017-03-31 | 0.08 |
| 2016-12-31 | 0.12 |
| 2016-09-30 | 0.10 |
| 2016-06-30 | 0.09 |
| 2016-03-31 | 0.06 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess McBride's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
McBride has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
MCB Past Performance
How has McBride performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- McBride has delivered over 20% year on year earnings growth in the past 5 years.
- McBride's 1-year earnings growth exceeds its 5-year average (271.2% vs 55.1%)
- McBride's earnings growth has exceeded the Europe Household Products industry average in the past year (271.2% vs -6.6%).
Earnings and Revenue History
All data from McBride Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 724.90 | 19.30 | 207.00 | |
| 2018-09-30 | 707.35 | 19.15 | 203.70 | |
| 2018-06-30 | 689.80 | 19.00 | 200.40 | |
| 2017-12-31 | 606.40 | 5.20 | 178.50 | |
| 2017-09-30 | 619.65 | 7.25 | 184.20 | |
| 2017-06-30 | 632.90 | 9.30 | 189.90 | |
| 2017-03-31 | 701.30 | 14.95 | 213.80 | |
| 2016-12-31 | 697.40 | 21.00 | 214.70 | |
| 2016-09-30 | 689.15 | 19.00 | 212.15 | |
| 2016-06-30 | 680.90 | 17.00 | 209.60 | |
| 2016-03-31 | 682.25 | 10.10 | 210.70 | |
| 2015-12-31 | 683.60 | 3.20 | 211.80 | |
| 2015-09-30 | 693.90 | 1.25 | 214.65 | |
| 2015-06-30 | 704.20 | -0.70 | 217.50 | |
| 2015-03-31 | 716.40 | -8.85 | 216.70 | |
| 2014-12-31 | 728.60 | -17.00 | 215.90 | |
| 2014-09-30 | 736.40 | -18.05 | 220.50 | |
| 2014-06-30 | 744.20 | -19.10 | 225.10 | |
| 2014-03-31 | 753.85 | -7.40 | 229.90 | |
| 2013-12-31 | 763.50 | 4.30 | 234.70 | |
| 2013-09-30 | 762.45 | 4.90 | 230.85 | |
| 2013-06-30 | 761.40 | 5.50 | 227.00 | |
| 2013-03-31 | 765.20 | 9.55 | 224.40 | |
| 2012-12-31 | 769.00 | 13.60 | 221.80 | |
| 2012-09-30 | 791.45 | 11.35 | 224.90 | |
| 2012-06-30 | 813.90 | 9.10 | 228.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Whilst McBride has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
- McBride used its assets less efficiently than the Europe Household Products industry average last year based on Return on Assets.
- McBride has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess McBride's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Household Products industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
McBride has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
MCB Health
How is McBride's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up McBride's finances.
The net worth of a company is the difference between its assets and liabilities.
- McBride is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- McBride's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 2.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from McBride Company Filings, last reported 4 months ago.
| Date (Data in GBP Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 70.60 | 113.60 | 15.30 |
| 2018-09-30 | 70.60 | 113.60 | 15.30 |
| 2018-06-30 | 67.60 | 126.20 | 11.70 |
| 2017-12-31 | 64.10 | 152.40 | 29.60 |
| 2017-09-30 | 64.10 | 152.40 | 29.60 |
| 2017-06-30 | 64.20 | 101.80 | 26.00 |
| 2017-03-31 | 64.20 | 101.80 | 26.00 |
| 2016-12-31 | 64.80 | 111.80 | 28.90 |
| 2016-09-30 | 64.80 | 111.80 | 28.90 |
| 2016-06-30 | 69.10 | 115.70 | 24.80 |
| 2016-03-31 | 69.10 | 115.70 | 24.80 |
| 2015-12-31 | 62.40 | 114.00 | 27.70 |
| 2015-09-30 | 62.40 | 114.00 | 27.70 |
| 2015-06-30 | 57.50 | 115.70 | 23.30 |
| 2015-03-31 | 57.50 | 115.70 | 23.30 |
| 2014-12-31 | 65.80 | 111.70 | 25.70 |
| 2014-09-30 | 65.80 | 111.70 | 25.70 |
| 2014-06-30 | 68.60 | 120.00 | 35.30 |
| 2014-03-31 | 68.60 | 120.00 | 35.30 |
| 2013-12-31 | 96.60 | 103.90 | 16.80 |
| 2013-09-30 | 96.60 | 103.90 | 16.80 |
| 2013-06-30 | 106.70 | 86.80 | |
| 2013-03-31 | 106.70 | 86.80 | |
| 2012-12-31 | 109.00 | 89.50 | 11.70 |
| 2012-09-30 | 109.00 | 89.50 | 11.70 |
| 2012-06-30 | 112.40 | 93.60 | 12.40 |
- McBride's level of debt (160.9%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (108.1% vs 160.9% today).
- Debt is well covered by operating cash flow (35.7%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 14x coverage).
Financial health checks
We assess McBride's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) McBride has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
MCB Dividends
What is McBride's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
£2,000 of
McBride
shares you are expected to receive
£101
in your first year as a dividend.
Dividend Amount
- McBride's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2%).
- McBride's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.27%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| Europe Household Products Industry Average Dividend Yield | Market Cap Weighted Average of 5 Stocks | 2.4% |
| United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield | Market Cap Weighted Average of 705 Stocks | 4.3% |
| United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield | 10th Percentile | 1% |
| United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield | 25th Percentile | 2% |
| United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield | 75th Percentile | 5.3% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in £) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-06-30 | 0.05 | 2.00 |
| 2021-06-30 | 0.05 | 6.00 |
| 2020-06-30 | 0.05 | 6.00 |
| 2019-06-30 | 0.04 | 4.00 |
| Date (Data in £) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-09-21 | 0.043 | 3.674 |
| 2018-09-06 | 0.043 | 3.016 |
| 2017-09-22 | 0.043 | 2.637 |
| 2017-09-07 | 0.043 | 2.102 |
| 2016-09-26 | 0.036 | 1.950 |
| 2016-09-07 | 0.036 | 1.986 |
| 2015-09-18 | 0.036 | 2.290 |
| 2015-09-08 | 0.036 | 2.530 |
| 2014-09-19 | 0.050 | 5.440 |
| 2014-09-10 | 0.050 | 5.656 |
| 2013-09-12 | 0.050 | 4.863 |
| 2013-09-03 | 0.050 | 3.949 |
| 2012-09-14 | 0.050 | 3.947 |
| 2012-09-04 | 0.050 | 4.120 |
| 2011-09-26 | 0.068 | 5.584 |
| 2011-09-06 | 0.068 | 5.662 |
| 2010-09-02 | 0.068 | 4.505 |
| 2010-09-01 | 0.068 | 4.536 |
| 2009-11-09 | 0.060 | 3.218 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have fallen over the past 10 years.
Income/ dividend checks
We assess McBride's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can McBride afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) McBride has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
MCB Management
CEO
| COMPENSATION | £890,000 |
| TENURE AS CEO | 4.3 years |
CEO Bio
Mr. Rik De Vos has been Chief Executive Officer at McBride plc since February 2, 2015. Mr. De Vos served as a PU Business Unit Director of BorsodChem Zrt. Mr. De Vos served as a Group General Manager Flexible Foams at Recticel NV/SA from September 1, 2011 to December 31, 2014. He serves as a Director of BorsodChem Zrt. He has been a Director at McBride plc since February 2, 2015.
CEO Compensation
- Rik's compensation has been consistent with company performance over the past year, both up more than 20%.
- Rik's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure
Average tenure of the McBride management team in years:
- The tenure for the McBride management team is about average.
Management Team
Rik De Vos
CEO & Director
£890K
4.3 yrs
Chris Smith
CFO & Executive Director
£560K
54
4.3 yrs
Carol Williams
General Counsel & Company Secretary
1.3 yrs
Matthias Kreysel
Chief R&D Officer
6.8 yrs
Tim Seaman
Strategic Development Director
Board of Directors Tenure
Average tenure and age of the McBride board of directors in years:
- The tenure for the McBride board of directors is about average.
Board of Directors
John Coleman
Chairman
£150K
66
2.8 yrs
Rik De Vos
CEO & Director
£890K
4.3 yrs
Chris Smith
CFO & Executive Director
£560K
54
4.3 yrs
Sandra Turner
Independent Non-Executive Director
£51K
66
7.8 yrs
Neil Harrington
Independent Non-Executive Director
£51K
55
7.3 yrs
Steve Hannam
Senior Independent Non-Executive Director
£51K
68
5.6 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by McBride insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (£) | Value (£) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 05. Apr 19 | Buy | Christopher Ian Smith | Individual | 03. Apr 19 | 04. Apr 19 | 34,314 | £1.03 | £34,997 | ||
Management checks
We assess McBride's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) McBride has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
MCB News
Simply Wall St News
Should You Buy McBride plc (LON:MCB) For Its Dividend?
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Does McBride tick all the boxes of a great dividend stock? … 5 questions to ask before buying a dividend stock
Simply Wall St - – Full articleMcBride plc (LON:MCB) Earns A Nice Return On Capital Employed
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … The formula for calculating the return on capital employed is:
Simply Wall St - – Full articleShould You Be Excited About McBride plc's (LON:MCB) 28% Return On Equity?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows McBride has a return on equity of 28% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleShould McBride plc (LON:MCB) Be Part Of Your Portfolio?
Over the past 10 years, McBride plc (LON:MCB) has returned an average of 4.00% per year to shareholders in terms of dividend yield. … Let's dig deeper into whether McBride should have a place in your portfolio. … Check out our latest analysis for McBride
Simply Wall St - – Full articleMcBride plc (LON:MCB) Is Trading At A 46.95% Discount
In this article I am going to calculate the intrinsic value of McBride plc (LON:MCB). … by projecting its future cash flows and then discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model
Simply Wall St - – Full articleDoes McBride plc's (LON:MCB) Past Performance Indicate A Weaker Future?
Below, I will examine McBride plc's (LON:MCB) track record on a high level, to give you some insight into how the company has been performing against its long term trend and its industry peers. … Did MCB perform worse than its track record and industry. … MCB has recently become loss-making, with its trailing twelve-month earnings of -UK£2.90m (from 31 December 2017) compared to its previous earnings of UK£17.00m.
Simply Wall St - – Full articleWhy You Should Care About McBride plc’s (LON:MCB) Cash Levels
McBride’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … Free Cash Flow = Operating Cash Flows – Net Capital Expenditure Free Cash Flow Yield = Free Cash Flow / Enterprise Value where Enterprise Value = Market Capitalisation + Net Debt The business reinvests all its cash profits as well as borrows more money, to maintain and grow the company. … Below is a table of McBride’s operating cash flow in the past year, as well as the anticipated level going forward.
Simply Wall St - – Full articleWhat You Must Know About McBride plc's (LON:MCB) Major Investors
In this article, I will take a quick look at McBride plc’s (LSE:MCB) recent ownership structure – an unconventional investing subject, but an important one. … See our latest analysis for McBride LSE:MCB Ownership_summary Apr 24th 18 Institutional Ownership Institutions account for 90.07% of MCB's outstanding shares, a significant enough holding to move stock prices if they start buying and selling in large quantities, especially when there are relatively small amounts of shares available on the market to trade. … Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital.
Simply Wall St - – Full articleHow Should Investors React To McBride plc's (LON:MCB) CEO Pay?
Therefore I will use earnings as a proxy of De Vos 's performance in the past year. … Though one size does not fit all, as compensation should account for specific factors of the company and market, we can estimate a high-level thresold to see if MCB is an outlier. … Usually I would use earnings and market cap to account for variations in performance, however, MCB's negative earnings lower the effectiveness of this method.
Simply Wall St - – Full articleMcBride plc (LON:MCB) Is Trading At A 35% Discount
5-year cash flow estimate 2018 2019 2020 2021 2022 Levered FCF (£, Millions) £10.45 £25.64 £29.87 £33.35 £35.80 Source Analyst x2 Analyst x4 Analyst x4 Analyst x2 Analyst x1 Present Value Discounted @ 8.3% £9.65 £21.86 £23.52 £24.24 £24.03 Present Value of 5-year Cash Flow (PVCF)= £103 The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = £36 × (1 + 1.5%) ÷ (8.3% – 1.5%) = £534 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = £534 / ( 1 + 8.3%)5 = £358 The total value is the sum of cash flows for the next five years and the discounted terminal value, which results in the Total Equity Value, which in this case is £462. … LSE:MCB Intrinsic Value Mar 21st 18 The assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.
Simply Wall St - – Full articleMCB Company Info
Description
McBride plc, together with its subsidiaries, manufactures and sells private label household and personal care products to retailers in the United Kingdom, other regions in Europe, and Asia. The company offers various household products, such as laundry products, including laundry powder tablets, liquid gels, and laundry liquid sachets; dishwashing products comprising washing up liquids and machine dishwashing powders, tablets, and gels; household cleaners consisting of bathroom, kitchen, glass, ceramic hobs, antibacterial, and multisurface cleaners; toilet cleaners and descaling products; and air freshener products, such as time release sprays, gel air fresheners, plug-in fresheners, sprays, diffusers, and candles. It also provides personal care products, which include bath and shower products comprising bath foams, shower gels, mousses, and liquid soaps; skin care products, such as day and night creams, serums, lotions, and cleansers, as well as general body, hand and foot care, and self-tanning creams; and hair care products, including shampoos, conditioners, and hair styling solutions. In addition, the company offers body care products, including roll-on deodorants, aerosol based anti-perspirant deodorants, and fragranced body sprays for men, women, and teens; men's grooming products, such as shaving gels and foams, deodorant's and body sprays, and shower products; oral care products, such as toothpastes and mouthwash formulations; and baby care products. Further, it provides contract manufacturing services of household and personal care products to brand owners and contract customers. McBride plc was founded in 1860 and is headquartered in Manchester, the United Kingdom.
Details
| Name: | McBride plc |
| MCB | |
| Exchange: | LSE |
| Founded: | 1860 |
| £155,378,520 | |
| 182,798,259 | |
| Website: | http://www.mcbride.co.uk |
| Address: |
McBride plc Middleton Way, Middleton, Manchester, Greater Manchester, M24 4DP, United Kingdom |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| LSE | MCB | Ordinary Shares | London Stock Exchange | GB | GBP | 07. Jul 1995 | |
| OTCPK | MCBR.F | Ordinary Shares | Pink Sheets LLC | US | USD | 07. Jul 1995 | |
| BATS-CHIXE | MCBL | Ordinary Shares | BATS 'Chi-X Europe' | GB | GBP | 07. Jul 1995 |
Number of employees
Current staff
Industry
| Household Products | |
| Household |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/21 20:51 |
| End of day share price update: | 2019/05/21 00:00 |
| Last estimates confirmation: | 2019/05/17 |
| Last earnings filing: | 2019/02/21 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/06/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
