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McBride
(LSE:MCB)
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Rating:72Outperform
Price Target:
215.00 p
▲(27.82% Upside)
Action:Upgraded
Date:09/17/26
The score reflects strong technical momentum and a reasonable valuation, supported by a profitability recovery. It is constrained by balance-sheet leverage and softer recent cash generation, alongside earnings-call risks around inflation-driven cost pressure, higher exceptional/finance costs, and expected near-term debt increases despite constructive strategic progress.
Positive Factors
Private-label market leadership
Private-label share reached 36.7% by volume, up one percentage point, while private label generated all market growth over three years. This indicates McBride is positioned in a structurally expanding channel, supporting customer relevance and recurring demand across household products.
Negative Factors
Elevated and rising leverage
Debt exceeded equity at about 1.7 times debt-to-equity in 2026, and total debt increased versus 2025. Expected additional borrowing for Eurotab and Vestacy reduces balance-sheet cushion and can constrain flexibility if trading weakens, even as earnings have recovered.
Read all positive and negative factors
Positive Factors
Negative Factors
Private-label market leadership
Private-label share reached 36.7% by volume, up one percentage point, while private label generated all market growth over three years. This indicates McBride is positioned in a structurally expanding channel, supporting customer relevance and recurring demand across household products.
Read all positive factors
McBride (MCB) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£294.46M
Dividend Yield1.67%
Average Volume (3M)341.78K
Price to Earnings (P/E)10.3
Beta (1Y)0.77
Revenue Growth0.83%
EPS Growth-9.22%
CountryUK
Employees3,236
SectorConsumer Defensive
Sector Strength42
IndustryHousehold & Personal Products
Share Statistics
EPS (TTM)0.17
Shares Outstanding172,652,310
10 Day Avg. Volume183,088
30 Day Avg. Volume341,777
Financial Highlights & Ratios
PEG Ratio-1.65
Price to Book (P/B)2.38
Price to Sales (P/S)0.28
P/FCF Ratio19.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£275.00Price Target Upside63.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.22
Revenue Forecast (FY)£1.03B
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 primarily by manufacturing and supplying private label (retailer-owned brand) consumer products to retailers and other customers, generating revenue from the sale of finished goods produced in its manufacturing network. Its cor...
McBride Earnings Call Summary
Earnings Call Date:Sep 15, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Feb 23, 2027
Earnings Call Sentiment Positive
The call was predominantly positive, with management highlighting strategic execution, the completed Eurotab acquisition, the transformational Vestacy agreement, strong private label trends, transformation benefits, shareholder returns and growth in aerosols and Asia. These positives were tempered by lower constant-currency revenue and operating profit, significant fourth-quarter input-cost inflation, delayed launches, pressure in Liquids and Unit Dosing, higher expected exceptional costs and continued uncertainty surrounding the external cost environment.Positive Updates
Strategic Execution and SAP Progress
Management described the last 12 months as hugely positive, including the successful first go-live of the major SAP systems rollout and progress against the targets set at the 2024 Capital Markets Day. SAP Wave 2 is planned for go-live early in 2027.
Negative Updates
Revenue and Operating Profit Declined on a Constant-Currency Basis
Reported revenue increased GBP 7.7 million, or 0.8%, but declined GBP 17.3 million, or 1.8%, on a constant-currency basis. Adjusted operating profit was GBP 59 million, GBP 7.1 million lower than the prior year, and earnings per share declined by 0.5p.
Read all updates
Q4-2026 Updates
Positive
Negative
Strategic Execution and SAP Progress
Management described the last 12 months as hugely positive, including the successful first go-live of the major SAP systems rollout and progress against the targets set at the 2024 Capital Markets Day. SAP Wave 2 is planned for go-live early in 2027.
Read all positive updates
Company Guidance
Management expects most delayed new product launches to start up in “this next first half year of the new financial year”; Eurotab is expected to add circa EUR 65 million of top line in “this current financial year,” while the Vestacy agreement is expected to grow revenues by an estimated GBP 170 million by the second half of financial year 2028, add some 180 million units per year and require McBride to spend approximately GBP 17 million over the next 3 years, with contract manufacturing beyond the 25% strategic ambition. The group remains committed to the 10% target for EBITDA margins and is on track for the cumulative GBP 50 million of transformation benefits by the end of FY '28; CapEx is expected to remain at current levels, the P&L finance charge is expected to increase to GBP 13 million in 2027, exceptional costs are expected to increase to some GBP 12 million in 2027, and further price rises will be required, with the oil price in the $100 to $110 range.McBride Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
55
Neutral
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 934.20M | 926.50M | 934.80M | 889.00M | 678.30M |
| Gross Profit | 343.20M | 342.10M | 347.90M | 261.20M | 188.20M |
| EBITDA | 80.00M | 80.00M | 80.60M | 20.80M | -7.60M |
| Net Income | 30.00M | 33.20M | 33.30M | -11.50M | -24.00M |
Balance Sheet | |||||
| Total Assets | 560.20M | 505.30M | 476.60M | 470.30M | 466.10M |
| Cash, Cash Equivalents and Short-Term Investments | 65.20M | 34.20M | 9.30M | 1.60M | 4.50M |
| Total Debt | 188.00M | 139.40M | 140.80M | 168.10M | 168.90M |
| Total Liabilities | 449.10M | 411.00M | 413.20M | 433.20M | 409.10M |
| Stockholders Equity | 111.10M | 94.30M | 63.40M | 37.10M | 57.00M |
Cash Flow | |||||
| Free Cash Flow | 13.40M | 43.10M | 39.60M | -900.00K | -46.30M |
| Operating Cash Flow | 33.40M | 63.10M | 59.20M | 11.10M | -32.00M |
| Investing Cash Flow | -30.90M | -30.00M | -18.50M | -11.60M | -7.80M |
| Financing Cash Flow | 28.10M | -8.80M | -33.20M | -1.70M | 19.50M |
McBride Technical Analysis
Positive
168.20
Price Trends
179.20
Positive
168.98
Positive
161.12
Positive
Market Momentum
0.76
Negative
51.44
Neutral
55.66
Neutral
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 168.2 is below the 20-day moving average (MA) of 178.28, below the 50-day MA of 179.20, and above the 200-day MA of 161.12, indicating a bullish trend. The MACD of 0.76 indicates Negative momentum. The RSI at 51.44 is Neutral, neither overbought nor oversold. The STOCH value of 55.66 is Neutral, 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 | £404.09M | 17.00 | 24.74% | 3.52% | 2.73% | 37.06% | |
77 Outperform | £151.24M | 12.33 | 15.76% | 6.84% | -8.34% | -22.09% | |
72 Outperform | £294.46M | 10.34 | 28.68% | 1.67% | 0.83% | -9.22% | |
65 Neutral | £401.86M | 20.60 | 8.44% | 3.87% | 5.37% | ― | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
* Consumer Defensive Sector Average
GB:MCB
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49.43%
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McBride Corporate Events
Regulatory Filings and Compliance
McBride CFO Sells 110,000 Shares for Personal Financial Planning
Neutral
Sep 17, 2026
McBride plc has disclosed a share transaction by Chief Financial Officer Mark Strickland, in line with U.K. Market Abuse Regulation requirements. On 16 September 2026, Strickland sold 110,000 ordinary shares at £1.9012 each on the London Stoc...
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresM&A Transactions
McBride Delivers Resilient 2026 Results and Bets on Eurotab and Vestacy for Growth
Positive
Sep 15, 2026
McBride reported a resilient performance for the year to 30 June 2026, with revenue edging up to £934.2 million and modest private label volume growth despite macroeconomic volatility and sharp input cost inflation linked to the Middle East c...
Business Operations and StrategyFinancial Disclosures
McBride Schedules Investor Webinar Following Full-Year Results
Neutral
Sep 3, 2026
McBride plc will hold an investor webinar on 16 September 2026, following the release of its full-year results for the period ended 30 June 2026. Chief executive Chris Smith and chief financial officer Mark Strickland will present the performance ...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
McBride seals Vestacy partnership in deal to boost revenues and expand European footprint
Positive
Aug 28, 2026
McBride has entered a strategic partnership with global home care group Vestacy, securing long-term contract manufacturing agreements to produce a range of mainly laundry-focused household products across Europe. As part of the deal, McBride will ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
McBride Cancels Repurchased Shares, Updates Voting Rights After Buyback
Positive
Aug 24, 2026
McBride plc has repurchased 31,241 ordinary shares at 160 pence each on the London Stock Exchange as part of its ongoing share buyback programme and will cancel these shares. Following cancellation, the company will have 173,555,663 ordinary share...
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...
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.