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McBride
(LSE:MCB)
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Rating:69Neutral
Price Target:
179.00 p
â–²(15.04% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by steady but mixed financial performance (good cash flow and improving gross margin offset by low net margins and high leverage). Technicals and valuation are supportive (price above key moving averages and a low P/E), while guidance and corporate updates are constructive overall but tempered by SAP disruption and a cost-inflation-driven outlook downgrade.
Positive Factors
Strong cash generation
Consistent free cash flow (GBP 24m H1) and healthy cash conversion provide durable funding for capex, debt reduction, dividends and buybacks. The c.£135m liquidity headroom and unused €75m accordion materially bolster financial flexibility over the medium term.
Negative Factors
High financial leverage
Elevated debt-to-equity constrains strategic flexibility, raises refinancing and interest-rate vulnerability, and limits capacity for aggressive M&A or enduring shareholder returns. High leverage is a structural risk if margins or cash conversion deteriorate.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistent free cash flow (GBP 24m H1) and healthy cash conversion provide durable funding for capex, debt reduction, dividends and buybacks. The c.£135m liquidity headroom and unused €75m accordion materially bolster financial flexibility over the medium term.
Read all positive factors
McBride (MCB) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£270.80M
Dividend Yield1.82%
Average Volume (3M)372.09K
Price to Earnings (P/E)9.5
Beta (1Y)0.79
Revenue Growth-0.84%
EPS Growth-25.31%
CountryUK
Employees3,274
SectorConsumer Defensive
Sector Strength42
IndustryHousehold & Personal Products
Share Statistics
EPS (TTM)0.17
Shares Outstanding173,586,900
10 Day Avg. Volume301,561
30 Day Avg. Volume372,088
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)2.84
Price to Sales (P/S)0.29
P/FCF Ratio6.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.23
Revenue Forecast (FY)£1.01B
McBride Business Overview & Revenue Model
Company Description
McBride plc, alongside its subsidiaries, is a key developer and supplier of private label household and personal care goods. The company caters to both retailers and other brand proprietors across a broad geographical reach, encompassing the Unite...
How the Company Makes Money
McBride makes money by manufacturing and supplying private label (store-brand) household and personal care products to retailers, generating revenue primarily from the sale of finished goods under customer-owned brands. Its revenue model is largel...
McBride Earnings Call Summary
Earnings Call Date:Feb 24, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Sep 15, 2026
Earnings Call Sentiment Positive
The call conveyed a predominantly positive operational and financial picture: modest revenue growth (0.8% actual) with stable EBITDA and strong cash generation (£24m FCF), successful implementation of the first SAP go-live (risk reduction), meaningful divisional wins (notably Aerosols and Unit Dosing), and active capital allocation (dividend reinstatement, EBT purchases, and buyback launch) that helped lift the share price ~40%. Headwinds were manageable: constant-currency revenue weakness (-2.1%), a higher tax rate that reduced EPS to 10.8p, SAP-related short-term disruption (~£3m sales lost and ~£1m EBITA impact) and pockets of softer demand in Powders and Asia Pacific. Overall, the highlights (profitability, cash, SAP success, pipeline and capital actions) materially outweigh the contained lowlights, supporting a constructive outlook.Positive Updates
Revenue Growth (Actual) and Stable Demand
Group revenue increased by GBP 3.8m (0.8% on an actual basis) to approximately GBP 475m; private label and contract manufacturing volumes grew, supporting topline resilience.
Negative Updates
Constant Currency Revenue Decline
On a constant currency basis group revenues were down c. 2.1%, driven in part by FX (pound-euro movement) and mix effects.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Growth (Actual) and Stable Demand
Group revenue increased by GBP 3.8m (0.8% on an actual basis) to approximately GBP 475m; private label and contract manufacturing volumes grew, supporting topline resilience.
Read all positive updates
Company Guidance
Management guided that H1 FY26 delivered c.£475m revenue, adjusted EBITDA £41.8m (margin just under 9%, expected to be >9% for the full year), adjusted operating profit ~£31.5m, EPS 10.8p, free cash flow c.£24m and net debt £120.6m (c.£135m headroom plus an unused €75m accordion). They expect full‑year results to be in line with analyst expectations, reported H1 capex of £14.8m with full‑year capex guidance of £30–33m (and ~£30m envisaged for the following year), and said SAP Wave‑1 cost ~£3m of missed sales and ~£1m EBITA but rollout is on track (completion through FY2028). Operational callouts included Aerosols volumes +14–15% (approaching a 100m can target), Liquids contract manufacturing +9%, private‑label market share at 36.1% (+0.3pp), and management reiterated medium‑term ambitions of >£1bn revenue, a 10% EBITDA margin goal and 25% of group sales from contract manufacturing, while expecting material costs to remain broadly stable.McBride Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
58
Neutral
Cash Flow
70
Positive
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 930.30M | 926.50M | 934.80M | 889.00M | 678.30M | 682.30M |
| Gross Profit | 340.40M | 342.10M | 347.90M | 261.20M | 188.20M | 234.60M |
| EBITDA | 78.30M | 76.10M | 80.60M | 20.80M | -7.60M | 39.10M |
| Net Income | 29.80M | 33.20M | 33.30M | -11.50M | -24.00M | 13.40M |
Balance Sheet | ||||||
| Total Assets | 497.10M | 505.30M | 476.60M | 470.30M | 466.10M | 431.80M |
| Cash, Cash Equivalents and Short-Term Investments | 22.40M | 34.20M | 9.30M | 1.60M | 4.50M | 24.90M |
| Total Debt | 143.00M | 139.40M | 140.80M | 168.10M | 168.90M | 143.30M |
| Total Liabilities | 399.00M | 411.00M | 413.20M | 433.20M | 409.10M | 362.00M |
| Stockholders Equity | 98.10M | 94.30M | 63.40M | 37.10M | 57.00M | 69.80M |
Cash Flow | ||||||
| Free Cash Flow | 32.20M | 43.10M | 39.60M | -900.00K | -46.30M | -9.20M |
| Operating Cash Flow | 52.30M | 63.10M | 59.20M | 11.10M | -32.00M | 14.60M |
| Investing Cash Flow | -35.10M | -30.00M | -18.50M | -11.60M | -7.80M | -19.80M |
| Financing Cash Flow | -6.40M | -8.80M | -33.20M | -1.70M | 19.50M | -12.90M |
McBride Technical Analysis
Positive
155.60
Price Trends
158.80
Positive
156.06
Positive
147.32
Positive
Market Momentum
1.58
Negative
56.95
Neutral
89.34
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MCB, the sentiment is Positive. The current price of 155.6 is below the 20-day moving average (MA) of 161.88, below the 50-day MA of 158.80, and above the 200-day MA of 147.32, indicating a bullish trend. The MACD of 1.58 indicates Negative momentum. The RSI at 56.95 is Neutral, neither overbought nor oversold. The STOCH value of 89.34 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:MCB.
McBride Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | £380.24M | 16.00 | 24.74% | 3.44% | 2.73% | 37.06% | |
79 Outperform | £167.03M | 11.68 | 18.66% | 7.14% | 3.42% | -24.29% | |
69 Neutral | £270.80M | 9.51 | 30.98% | 1.93% | -0.84% | -25.31% | |
65 Neutral | £448.94M | 23.02 | -2.16% | 3.36% | 5.37% | ― | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
* Consumer Defensive Sector Average
GB:MCB
McBride
164.60
44.14
36.65%
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207.00
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McBride Corporate Events
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
McBride Cancels Further Shares Under Ongoing Buyback Programme
Positive
Aug 3, 2026
McBride plc has repurchased and will cancel 144,680 ordinary shares as part of its ongoing share buyback programme, executed via Peel Hunt on the London Stock Exchange at prices around 159–160 pence. The cancellation will reduce the ordinary...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
McBride Tightens Share Capital Through Ongoing Buyback
Positive
Jul 27, 2026
McBride plc has repurchased and will cancel 83,522 ordinary shares as part of its ongoing share buyback programme conducted through Peel Hunt on the London Stock Exchange, at prices around 159–160 pence per share. The move marginally reduces...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
McBride trims share capital with further buyback and cancellation
Positive
Jul 16, 2026
McBride plc has continued its share buyback programme with the purchase and planned cancellation of 3,243 ordinary shares at a volume-weighted average price of 160 pence, executed via Investec Bank on the London Stock Exchange. The company will ho...
Stock BuybackRegulatory Filings and Compliance
McBride Tightens Capital Base with Further Share Buybacks and Cancellations
Positive
Jul 14, 2026
McBride plc has continued its share buyback programme, repurchasing and cancelling 30,749 ordinary shares on the London Stock Exchange between 8 and 10 July 2026, at volume-weighted average prices around 159 to 160 pence per share. The transaction...
Business Operations and StrategyStock Buyback
McBride Tightens Free-Float With Latest Share Buyback and Cancellation
Positive
Jul 7, 2026
McBride plc has repurchased and will cancel 189,380 ordinary shares of 10 pence each on the London Stock Exchange as part of its existing share buyback programme executed through Investec Bank. The transactions, conducted between 29 June and 3 Jul...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
McBride Completes Eurotab Acquisition at Reduced Valuation
Positive
Jul 2, 2026
McBride’s Unit Dosing division has completed the acquisition of Eurotab Group by purchasing the entire share capital of Eurotop SAS, strengthening its position in solid-format cleaning and hygiene solutions for private label and contract mar...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
McBride Tightens Free Float With Latest Share Buyback and Cancellation
Positive
Jun 30, 2026
McBride plc has continued to actively manage its capital structure via an on-market share buyback conducted through Investec Bank plc on the London Stock Exchange, purchasing and cancelling blocks of ordinary shares over several trading days. The ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
McBride Tightens Capital Structure With Latest Share Buyback and Cancellation
Positive
Jun 30, 2026
McBride plc has repurchased and intends to cancel a series of its ordinary shares of 10 pence each on the London Stock Exchange under an ongoing share buyback programme executed through Investec Bank. These transactions slightly reduce the company...
Stock BuybackRegulatory Filings and Compliance
McBride Cuts Share Count with Targeted Buyback and Cancellation
Positive
Jun 23, 2026
McBride plc has repurchased and will cancel 223,895 ordinary shares as part of its ongoing share buyback programme, executed via Investec Bank on the London Stock Exchange at prices between 144p and 151.6p. The cancellation reduces the total ordin...
Stock BuybackRegulatory Filings and Compliance
McBride Cancels Newly Repurchased Shares, Updates Voting Capital
Neutral
Jun 16, 2026
McBride plc has repurchased 51,093 ordinary shares on the London Stock Exchange at a volume-weighted average price of 151.13 pence per share as part of its existing share buyback programme executed through Investec Bank. The company intends to can...
Executive/Board ChangesRegulatory Filings and Compliance
McBride CEO Chris Smith Increases Stake After RSU Vesting and Share Sale
Neutral
Jun 15, 2026
McBride plc has confirmed the vesting of both a normal and a one-off 2023 Restricted Share Unit award to chief executive Chris Smith, together with associated dividend-equivalent shares, under its 2020 RSU Plan. The total shares received from each...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
McBride cuts profit outlook as cost inflation bites but presses ahead with Eurotab deal
Negative
Jun 12, 2026
McBride has warned that sustained increases in petrochemical-derived and energy-intensive input costs linked to the Middle East conflict will weigh on earnings over the next year. With price rises to customers lagging cost inflation, the company e...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
McBride grants long-term RSU award to CEO Chris Smith
Positive
Jun 11, 2026
McBride plc has granted Chief Executive Officer Chris Smith a conditional award of 99,129 ordinary shares under its 2020 Restricted Share Unit Plan. The award, which requires no payment from Smith, will vest after three years and is subject to an ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
McBride Cancels Newly Repurchased Shares, Updates Voting Rights
Neutral
Jun 2, 2026
McBride plc has repurchased 25,947 ordinary shares of 10 pence each on the London Stock Exchange at a volume-weighted average price of 160 pence per share, as part of its existing share buyback programme executed via Investec Bank. The company int...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
McBride Cancels 185,000 Shares Under Ongoing Buyback Programme
Neutral
May 27, 2026
McBride plc has repurchased and will cancel 185,292 ordinary shares of 10 pence each on the London Stock Exchange, executed via Investec Bank under its existing share buyback programme. The purchases, made between 18 and 20 May 2026 at volume-weig...
Stock BuybackRegulatory Filings and Compliance
McBride Cancels 230,000 Shares in Ongoing Buyback Programme
Neutral
May 19, 2026
McBride plc has repurchased and cancelled a total of 230,672 ordinary shares of 10 pence each on the London Stock Exchange between 11 and 15 May 2026, at volume-weighted average prices ranging from about 154 to 158 pence per share, under its exist...
Stock BuybackRegulatory Filings and Compliance
McBride Cancels 157,136 Shares as Buyback Tightens Share Base
Neutral
May 12, 2026
McBride plc has bought back and will cancel 157,136 ordinary shares, acquired on the London Stock Exchange between 5 and 8 May under its existing share buyback programme executed by Investec Bank. The move reduces the company’s ordinary shar...
Stock BuybackRegulatory Filings and Compliance
McBride Cancels New Share Buyback Tranche, Sets Updated Voting Rights
Neutral
May 6, 2026
McBride plc has repurchased 38,119 ordinary shares at prices between 157.20p and 160.00p, with a volume-weighted average of 158.86p, as part of its existing share buyback programme executed via Investec Bank on the London Stock Exchange. The compa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.