Added to YB: 2024-04-03
Pitch date: 2024-04-02
MCB.L [bullish]
McBride plc
+32.6%
current return
Author Info
Rodin Capital is a student at the University of Pennsylvania who shares investing ideas in his newsletter. 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 1.01
Price Target
1.49 (+11%)
Dividend
2.41%
EV/EBITDA
3.96
P/E
6.69
EV/Sales
0.35
Sector
Household Products
Category
turnaround
McBride: Profitability Accelerating in the Short Term
McBride (MCB.L): Leading EU private label mfr at 5.5x EV/EBITDA & P/FCF. Strategic turnaround boosting margins & market share amid input cost headwinds. Targets £55-65M EBITA vs historical £25-35M. 37.5% owned by Teleios & Zama. Rapid deleveraging to <1.5x debt/EBITDA by June. Peers trade at higher multiples despite more leverage.
Read full article (5 min)