Professional
Added to YB: 2024-10-30
Pitch date: 2024-10-28
MCB.L [bullish]
McBride plc
+26.98%
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 1.09
Price Target
N/A
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: Trading at 4.8x trailing adj. operating income, 6x P/E. Record revenues/earnings, strong trading continues. Projected revenue growth, high margins. £20M debt reduction. Tailwinds from private label demand. Efficiency efforts to offset margin pressures. Potential catalysts: refinancing, dividend resumption (8% yield at 30% payout).
Read full article (1 min)