Professional
Added to YB: 2025-01-27
Pitch date: 2025-01-24
MCB.L [bullish]
McBride plc
+6.49%
current return
Author Info
Alluvial Capital is an investment manager with a focus on overlooked and obscure securities around the world. Sign up for the newsletter.
Company Info
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, Germany, France, Italy, Spain, rest of Europe, the Asia-Pacific, and internationally.
Market Cap
GBP 222.1M
Pitch Price
GBP 1.26
Price Target
2.00 (+49%)
Dividend
2.41%
EV/EBITDA
3.96
P/E
6.69
EV/Sales
0.35
Sector
Household Products
Category
value
Alluvial Capital Management Portfolio Holding: McBride plc
MCB.L: Private label soap/detergent maker rebounding from COVID input costs. Margins improving, debt reducing. Defensive play in weak economy as consumers trade down. Strong H1 update: volume growth, op income +8% YoY, net debt £117.6M low. Resuming dividends next FY. Cheap at 3.6x EBITDA, 5x fwd earnings. Target 200p.
Read full article (1 min)