McBride
Market Cap
UK£146.2m
Last Updated
2019/12/10 20:42 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 in the United Kingdom, other regions in Europe, and Asia.
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential and fair value.
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
-1.1%
MCB
0.3%
GB Household Products
0.9%
GB Market
1 Year Return
-38.5%
MCB
-0.9%
GB Household Products
8.7%
GB Market
Return vs Industry: MCB underperformed the UK Household Products industry which returned -0.9% over the past year.
Return vs Market: MCB underperformed the UK Market which returned 8.7% over the past year.
Shareholder returns
| MCB | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.1% | 0.3% | 0.9% |
| 30 Day | 4.4% | -0.6% | -0.5% |
| 90 Day | 51.2% | -3.1% | 0.9% |
| 1 Year | -38.5%-38.5% | 1.6%-0.9% | 14.3%8.7% |
| 3 Year | -54.0%-54.0% | -7.1%-13.0% | 18.8%3.6% |
| 5 Year | 2.6%2.6% | 26.4%12.9% | 42.6%9.9% |
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 weeks ago | Simply Wall St
Who Has Been Buying McBride plc (LON:MCB) Shares?3 weeks ago | Simply Wall St
Did McBride plc (LON:MCB) Use Debt To Deliver Its ROE Of 19%?8 months ago | Simply Wall St
Should You Buy McBride plc (LON:MCB) For Its Dividend?Valuation
Is McBride undervalued compared to its fair value and its price relative to the market?
12.19x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MCB (£0.8) is trading above our estimate of fair value (£0.67)
Significantly Below Fair Value: MCB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MCB is good value based on its PE Ratio (12.2x) compared to the Household Products industry average (18.6x).
PE vs Market: MCB is good value based on its PE Ratio (12.2x) compared to the UK market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: MCB is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: MCB is overvalued based on its PB Ratio (2.3x) compared to the XE Household Products industry average (2.1x).
Next Steps
Future Growth
How is McBride forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
20.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MCB's forecast earnings growth (20.9% per year) is above the savings rate (0.5%).
Earnings vs Market: MCB's earnings (20.9% per year) are forecast to grow faster than the UK market (12.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MCB's revenue (0.4% per year) is forecast to grow slower than the UK market (3.6% per year).
High Growth Revenue: MCB's revenue (0.4% 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 high in 3 years time (24.1%)
Next Steps
Past Performance
How has McBride performed over the past 5 years?
51.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MCB has high quality earnings.
Growing Profit Margin: MCB's current net profit margins (1.7%) are lower than last year (2.8%).
Past Earnings Growth Analysis
Earnings Trend: MCB has become profitable over the past 5 years, growing earnings by 51.3% 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 (-36.8%) over the past year, making it difficult to compare to the Household Products industry average (-34.3%).
Return on Equity
High ROE: MCB's Return on Equity (18.7%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is McBride's financial position?
Financial Position Analysis
Short Term Liabilities: MCB's short term assets (£258.0M) exceed its short term liabilities (£237.2M).
Long Term Liabilities: MCB's short term assets (£258.0M) exceed its long term liabilities (£133.7M).
Debt to Equity History and Analysis
Debt Level: MCB's debt to equity ratio (211.1%) is considered high.
Reducing Debt: MCB's debt to equity ratio has increased from 174.4% to 211.1% over the past 5 years.
Debt Coverage: MCB's debt is not well covered by operating cash flow (5.4%).
Interest Coverage: MCB's interest payments on its debt are well covered by EBIT (9.4x coverage).
Balance Sheet
Inventory Level: MCB has a high level of physical assets or inventory.
Debt Coverage by Assets: MCB's debt is covered by short term assets (assets are 1.9x debt).
Next Steps
Dividend
What is McBride's current dividend yield, its reliability and sustainability?
4.13%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: MCB's dividend (4.13%) is higher than the bottom 25% of dividend payers in the UK market (1.95%).
High Dividend: MCB's dividend (4.13%) is low compared to the top 25% of dividend payers in the UK market (5.19%).
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 (50.3%), 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 (32.6% payout ratio).
Next Steps
Management
What is the CEO of McBride's salary, the management and board of directors tenure and is there insider trading?
1.0yrs
Average management tenure
CEO
Ludwig De Mot 0
0.08yrs
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 ...
Management Age and Tenure
1.0yrs
Average Tenure
Experienced Management: MCB's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Board Age and Tenure
2.7yrs
Average Tenure
56.5yo
Average Age
Experienced Board: MCB's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: MCB insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chairman of the Board Independent Non- Executive Chairman of the Board |
| Shares | 110,000 |
| Max Price | UK£0.71 |
| Entity | Company |
| Shares | 800,943 |
| Max Price | UK£0.69 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Non-Executive Director |
| Shares | 17,463 |
| Max Price | UK£0.57 |
| Entity | Individual |
| Role | Chairman of the Board Independent Non- Executive Chairman of the Board |
| Shares | 20,000 |
| Max Price | UK£0.57 |
| Entity | Company |
| Shares | 293,900 |
| Max Price | UK£0.57 |
| Entity | Individual |
| Role | Member of the Board of Directors CFO & Executive Director |
| Shares | 34,314 |
| Max Price | UK£1.03 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Chris Smith (55yo)
CFO & Executive Director
- Tenure: 4.9yrs
- Compensation: UK£366.00k
Matthias Kreysel
Chief R&D Officer
- Tenure: 7.3yrs
Ludwig De Mot
CEO & Director
- Tenure: 0.08yrs
Carol Williams
General Counsel & Company Secretary
- Tenure: 1.9yrs
David Rattigan (50yo)
Interim Director of Finance & Group Financial Controller
- Tenure: 0yrs
Board Members
Steve Hannam (69yo)
Senior Independent Non-Executive Director
- Tenure: 6.2yrs
- Compensation: UK£52.00k
Liz McMeikan (57yo)
Independent Non-Executive Director
- Tenure: 0.08yrs
Neil Harrington (56yo)
Independent Non-Executive Director
- Tenure: 7.9yrs
- Compensation: UK£52.00k
Igor Kuzniar (41yo)
Non-Executive Director
- Tenure: 0.5yrs
- Compensation: UK£4.00k
Chris Smith (55yo)
CFO & Executive Director
- Tenure: 4.9yrs
- Compensation: UK£366.00k
Sandra Turner (67yo)
Independent Non-Executive Director
- Tenure: 8.3yrs
- Compensation: UK£52.00k
Ludwig De Mot
CEO & Director
- Tenure: 0.08yrs
Jeff Nodland
Independent Non- Executive Chairman of the Board
- Tenure: 0.2yrs
- Compensation: UK£1.00k
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£146.239m
- 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 in the United Kingdom, other regions in Europe, and Asia. The company off ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/10 20:42 |
| End of Day Share Price | 2019/12/10 00:00 |
| Earnings | 2019/06/30 |
| 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.