Added to YB: 2024-03-26
Pitch date: 2024-03-22
MPE.L [bullish]
M.P. Evans Group PLC
+76.95%
current return
Author Info
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Company Info
M.P. Evans Group PLC, through its subsidiaries, engages in the ownership and development of oil palm plantations in Indonesia and Malaysia.
Market Cap
GBP 624.6M
Pitch Price
GBP 7.06
Price Target
N/A
Dividend
4.74%
EV/EBITDA
5.24
P/E
9.69
EV/Sales
1.91
Sector
Food Products
Category
dividend
Show full summary:
The Dividend Note - what are the risks? $MPE.L
MPE.L: Palm oil producer w/ 150yr history. FY23 saw CPO prices fall 40% from 2022 peaks, revenue -6% to $307M, operating profit -26% to $75M (25% margin). 45p dividend +6% YoY for 5.8% yield. Expanding w/ 6th mill & 10K ha. Despite commodity risk, strong track record & 6% yield warrant a closer look.
Read full article (3 min)