McBride
Market Cap
UK£109.7m
Last Updated
2020/04/10 00:59 UTC
Data Sources
Company Financials +
Executive Summary
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, Continental Europe, and the Asia Pacific.
Rewards
Risk Analysis
Snowflake Analysis
Good value with reasonable growth potential.
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: MCB's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
5.3%
MCB
2.1%
GB Household Products
8.6%
GB Market
1 Year Return
-42.6%
MCB
-1.7%
GB Household Products
-19.4%
GB Market
Return vs Industry: MCB underperformed the UK Household Products industry which returned -2.4% over the past year.
Return vs Market: MCB underperformed the UK Market which returned -21.5% over the past year.
Shareholder returns
| MCB | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.3% | 2.1% | 8.6% |
| 30 Day | -7.7% | 4.4% | -3.5% |
| 90 Day | -22.2% | -6.8% | -23.0% |
| 1 Year | -42.6%-42.6% | -0.3%-1.7% | -15.5%-19.4% |
| 3 Year | -69.2%-69.2% | -22.5%-27.0% | -8.8%-19.9% |
| 5 Year | -38.1%-38.1% | -5.8%-14.3% | 4.2%-19.0% |
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
2 days ago | Simply Wall St
Are Investors Undervaluing McBride plc (LON:MCB) By 45%?2 weeks ago | Simply Wall St
Is McBride (LON:MCB) A Risky Investment?4 weeks ago | Simply Wall St
Did You Manage To Avoid McBride's (LON:MCB) Painful 66% Share Price Drop?Valuation
Is McBride undervalued compared to its fair value and its price relative to the market?
42.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MCB (£0.6) is trading below our estimate of fair value (£1.05)
Significantly Below Fair Value: MCB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MCB is good value based on its PE Ratio (16.9x) compared to the Household Products industry average (20.7x).
PE vs Market: MCB is poor value based on its PE Ratio (16.9x) compared to the UK market (13.3x).
Price to Earnings Growth Ratio
PEG Ratio: MCB is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: MCB is overvalued based on its PB Ratio (1.8x) compared to the XE Household Products industry average (1.8x).
Next Steps
Future Growth
How is McBride forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
40.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MCB's forecast earnings growth (40.9% per year) is above the savings rate (0.5%).
Earnings vs Market: MCB's earnings (40.9% per year) are forecast to grow faster than the UK market (15.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MCB's revenue is expected to decline over the next 3 years (-0.1% per year).
High Growth Revenue: MCB's revenue is forecast to decline over the next 3 years (-0.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MCB's Return on Equity is forecast to be high in 3 years time (20.3%)
Next Steps
Past Performance
How has McBride performed over the past 5 years?
30.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MCB has high quality earnings.
Growing Profit Margin: MCB's current net profit margins (0.9%) are lower than last year (2.7%).
Past Earnings Growth Analysis
Earnings Trend: MCB has become profitable over the past 5 years, growing earnings by 30.4% per year.
Accelerating Growth: MCB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MCB had negative earnings growth (-66.3%) over the past year, making it difficult to compare to the Household Products industry average (8.3%).
Return on Equity
High ROE: MCB's Return on Equity (10.7%) is considered low.
Next Steps
Financial Health
How is McBride's financial position?
Financial Position Analysis
Short Term Liabilities: MCB's short term assets (£244.7M) exceed its short term liabilities (£218.0M).
Long Term Liabilities: MCB's short term assets (£244.7M) exceed its long term liabilities (£142.2M).
Debt to Equity History and Analysis
Debt Level: MCB's debt to equity ratio (209%) is considered high.
Reducing Debt: MCB's debt to equity ratio has increased from 169.3% to 209% over the past 5 years.
Debt Coverage: MCB's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MCB's interest payments on its debt are well covered by EBIT (8x coverage).
Balance Sheet
Next Steps
Dividend
What is McBride's current dividend yield, its reliability and sustainability?
5.50%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MCB's dividend (5.5%) is higher than the bottom 25% of dividend payers in the UK market (2.49%).
High Dividend: MCB's dividend (5.5%) is low compared to the top 25% of dividend payers in the UK market (6.84%).
Stability and Growth of Payments
Stable Dividend: MCB's dividend payments have been volatile in the past 10 years.
Growing Dividend: MCB's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (73.1%), MCB's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MCB's dividends in 3 years are forecast to be well covered by earnings (31.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.4yrs
Average management tenure
CEO
Ludwig De Mot
0.42
Tenure
Mr. Ludwig De Mot has been Chief Executive Officer and Director of McBride plc since November 1, 2019. He served as President and Chief Executive Officer of Canadian mining operations at ArcelorMittal. Pri ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CFO & Executive Director | 5.25yrs | UK£366.00k | 0.19% £211.7k | |
| CEO & Director | 0.42yr | no data | no data | |
| General Counsel & Company Secretary | 0.25yr | no data | no data | |
| Chief R&D Officer | 7.67yrs | no data | no data | |
| Interim Director of Finance & Group Financial Controller | no data | no data | no data |
0.4yrs
Average Tenure
Experienced Management: MCB's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CFO & Executive Director | 5.25yrs | UK£366.00k | 0.19% £211.7k | |
| CEO & Director | 0.42yr | no data | no data | |
| Senior Independent Non-Executive Director | 6.5yrs | UK£52.00k | 0.0066% £7.2k | |
| Independent Non-Executive Director | 0.42yr | no data | no data | |
| Independent Non-Executive Director | 8.25yrs | UK£52.00k | 0.026% £28.5k | |
| Non-Executive Director | 0.83yr | UK£4.00k | no data | |
| Independent Non-Executive Director | 8.67yrs | UK£52.00k | 0.0055% £6.0k | |
| Independent Non- Executive Chairman of the Board | 0.50yr | UK£1.00k | 0.12% £132.4k |
3.0yrs
Average Tenure
56.5yo
Average Age
Experienced Board: MCB's board of directors are considered experienced (3 years average tenure).
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 company bio, employee growth, exchange listings and data sources
Key Information
- Name: McBride plc
- Ticker: MCB
- Exchange: LSE
- Founded: 1860
- Industry: Household Products
- Sector: Household
- Market Cap: UK£109.679m
- Shares outstanding: 182.80m
- Website: https://www.mcbride.co.uk
Number of Employees
Location
- McBride plc
- Middleton Way
- Middleton
- Manchester
- Greater Manchester
- M24 4DP
- United Kingdom
Listings
| 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 |
Biography
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, Continental Europe, and the Asia Pacific. The company offers laundry detergent; laundry care products, such as fabric conditioners; aerosols; household cleaners, including bathroom, kitchen, glass, ceramic hobs, antibacterial, and multi-surface cleaners; washing up liquids; and automated dishwashing powders, gels, tablets, rinse aid, and dishwasher cleaners. It also provides contract manufacturing services in the home and fabric care categories. The company offers products under the Surcare, Ovenpride, Clean N Fresh, and Hospec brands. McBride plc was founded in 1860 and is headquartered in Manchester, the United Kingdom.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/10 00:59 |
| End of Day Share Price | 2020/04/09 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/06/30 |
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.