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McBride

LSE:MCB
Snowflake Description

Undervalued with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MCB
LSE
£124M
Market Cap
  1. Home
  2. GB
  3. Household
Company 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 last earnings update was 149 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
4.6%
LSE:MCB
-0.1%
GB Household Products
0.2%
GB Market
1 Year Returns
-50.6%
LSE:MCB
0.8%
GB Household Products
-2%
GB Market
MCB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
McBride (MCB) 4.6% -12.8% -35.8% -50.6% -56.1% -26.5%
GB Household Products -0.1% 1.3% 7.7% 0.8% -14.9% 18.3%
GB Market 0.2% 1.3% 0.1% -2% 11.2% 6.3%
1 Year Return vs Industry and Market
  • MCB underperformed the Household Products industry which returned 0.8% over the past year.
  • MCB underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -2% over the past year.
Price Volatility
MCB
Industry
5yr Volatility vs Market

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for McBride.

LSE:MCB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 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.

Calculation of Discount Rate/ Cost of Equity for LSE:MCB
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 0.4
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.399 (1 + (1- 19%) (91.39%))
0.795
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.

LSE:MCB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 6.55%)
2020 17.15 Analyst x3 16.10
2021 19.14 Analyst x3 16.86
2022 18.87 Est @ -1.42% 15.60
2023 18.75 Est @ -0.62% 14.55
2024 18.74 Est @ -0.07% 13.65
2025 18.80 Est @ 0.32% 12.85
2026 18.91 Est @ 0.59% 12.13
2027 19.06 Est @ 0.78% 11.48
2028 19.23 Est @ 0.92% 10.87
2029 19.43 Est @ 1.01% 10.30
Present value of next 10 years cash flows £134.39
LSE:MCB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £19.43 × (1 + 1.23%) ÷ (6.55% – 1.23%)
£369.68
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £369.68 ÷ (1 + 6.55%)10
£196.07
LSE:MCB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £134.39 + £196.07
£330.47
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £330.47 / 182.80
£1.81
LSE:MCB Discount to Share Price
Calculation Result
Value per share (GBP) From above. £1.81
Current discount Discount to share price of £0.68
= -1 x (£0.68 - £1.81) / £1.81
62.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price McBride is available for.
Intrinsic value
>50%
Share price is £0.68 vs Future cash flow value of £1.81
Current Discount Checks
For McBride to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
LSE:MCB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.11
LSE:MCB Share Price ** LSE (2019-07-19) in GBP £0.68
Europe Household Products Industry PE Ratio Median Figure of 5 Publicly-Listed Household Products Companies 19.61x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 792 Publicly-Listed Companies 16.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of McBride.

LSE:MCB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:MCB Share Price ÷ EPS (both in GBP)

= 0.68 ÷ 0.11

6.45x

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?
Raw Data
LSE:MCB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
-1%per year
Europe Household Products Industry PEG Ratio Median Figure of 5 Publicly-Listed Household Products Companies 2.08x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 573 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

LSE:MCB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.45x ÷ -1%

-6.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • McBride earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on McBride's assets?
Raw Data
LSE:MCB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £0.39
LSE:MCB Share Price * LSE (2019-07-19) in GBP £0.68
Europe Household Products Industry PB Ratio Median Figure of 8 Publicly-Listed Household Products Companies 2.16x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,377 Publicly-Listed Companies 1.51x
LSE:MCB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:MCB Share Price ÷ Book Value per Share (both in GBP)

= 0.68 ÷ 0.39

1.76x

* Primary Listing of McBride.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • McBride is good value based on assets compared to the Europe Household Products industry average.
X
Value checks
We assess McBride's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Household Products industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Household Products industry average (and greater than 0)? (1 check)
  5. 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 5 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!
Annual Growth Rate
-1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is McBride expected to grow at an attractive rate?
  • McBride's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.
Growth vs Market Checks
  • McBride's earnings are expected to decrease over the next 1-3 years, this is below 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
Raw Data
LSE:MCB Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:MCB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts -1%
LSE:MCB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 0.6%
Europe Household Products Industry Earnings Growth Rate Market Cap Weighted Average 7.4%
Europe Household Products Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*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
Raw Data
LSE:MCB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:MCB Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 748 1
2021-06-30 729 46 18 5
2020-06-30 722 40 15 5
2019-06-30 725 27 15 4
LSE:MCB Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • McBride's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • McBride's revenue is expected to grow by 0.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:MCB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from McBride Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:MCB Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30
2021-06-30 0.10 0.10 0.10 1.00
2020-06-30 0.08 0.08 0.08 1.00
2019-06-30 0.08 0.08 0.08 1.00
LSE:MCB Past Financials Data
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.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • McBride is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess McBride's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
McBride has a total score of 1/6, 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
Below we compare McBride's growth in the last year to its industry (Household Products).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
McBride's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from McBride Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:MCB Past Revenue, Cash Flow and Net Income Data
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

*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).
X
Past performance checks
We assess McBride's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Household Products industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of McBride's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from McBride Company Filings, last reported 6 months ago.

LSE:MCB Past Debt and Equity Data
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 67.60 126.00 11.70
2017-12-31 64.10 152.40 29.60
2017-09-30 64.10 152.40 29.60
2017-06-30 64.20 101.50 26.00
2017-03-31 64.20 101.50 26.00
2016-12-31 64.80 111.80 28.90
2016-09-30 64.80 111.80 28.90
2016-06-30 69.10 115.20 24.80
2016-03-31 69.10 115.20 24.80
2015-12-31 62.40 114.00 27.70
2015-09-30 62.40 114.00 27.70
2015-06-30 57.50 115.10 23.30
2015-03-31 57.50 115.10 23.30
2014-12-31 65.80 111.70 25.70
2014-09-30 65.80 111.70 25.70
2014-06-30 68.60 119.70 35.30
2014-03-31 68.60 119.70 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 86.50
2013-03-31 106.70 86.50
2012-12-31 109.00 89.50 11.70
2012-09-30 109.00 89.50 11.70
  • 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).
X
Financial health checks
We assess McBride's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. McBride has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
6.32%
Current annual income from McBride dividends. Estimated to be 7.01% next year.
If you bought £2,000 of McBride shares you are expected to receive £126 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • McBride's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.95%).
  • McBride's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.43%).
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.
Raw Data
LSE:MCB Annualized Past and Future Dividends
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 5 Analyst Estimates (S&P Global) See Below
Europe Household Products Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.3%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 Stocks 4.2%
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 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:MCB Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 0.04 1.00
2021-06-30 0.05 5.00
2020-06-30 0.05 5.00
2019-06-30 0.04 4.00
LSE:MCB Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-09-21 0.043 4.037
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
2009-02-05 0.056 3.942
2008-09-04 0.056 4.879

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.
Current Payout to shareholders
What portion of McBride's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess McBride's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. McBride has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MCB Management

 What is the CEO of McBride's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rik De Vos
COMPENSATION £890,000
TENURE AS CEO 4.4 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:

4.5
Average Tenure
  • The tenure for the McBride management team is about average.
Management Team

Rik De Vos

TITLE
CEO & Director
COMPENSATION
£890K
TENURE
4.4 yrs

Chris Smith

TITLE
CFO & Executive Director
COMPENSATION
£560K
AGE
55
TENURE
4.5 yrs

Carol Williams

TITLE
General Counsel & Company Secretary
TENURE
1.5 yrs

Matthias Kreysel

TITLE
Chief R&D Officer
TENURE
6.9 yrs

David Rattigan

TITLE
Group Financial Controller

Tim Seaman

TITLE
Strategic Development Director
Board of Directors Tenure

Average tenure and age of the McBride board of directors in years:

4.5
Average Tenure
61.5
Average Age
  • The tenure for the McBride board of directors is about average.
Board of Directors

John Coleman

TITLE
Chairman
COMPENSATION
£150K
AGE
67
TENURE
3 yrs

Rik De Vos

TITLE
CEO & Director
COMPENSATION
£890K
TENURE
4.4 yrs

Chris Smith

TITLE
CFO & Executive Director
COMPENSATION
£560K
AGE
55
TENURE
4.5 yrs

Sandra Turner

TITLE
Independent Non-Executive Director
COMPENSATION
£51K
AGE
67
TENURE
7.9 yrs

Neil Harrington

TITLE
Independent Non-Executive Director
COMPENSATION
£51K
AGE
56
TENURE
7.5 yrs

Steve Hannam

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£51K
AGE
69
TENURE
5.8 yrs

Igor Kuzniar

TITLE
Non-Executive Director
AGE
41
TENURE
0.1 yrs

Jeff Nodland

TITLE
Independent Non-Executive Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
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
X
Management checks
We assess McBride's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 -

McBride 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 -

Should 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 -

Should 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 -

McBride 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 -

Does 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 -

Why 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 -

What 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 -

How 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 -

McBride 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 -

MCB 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
£124,302,816
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
Staff numbers
3,498
McBride employees.
Industry
Household Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 20:45
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/15
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.