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M.P. Evans
(LSE:MPE)
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Rating:82Outperform
Price Target:
2,107.00 p
▲(19.85% Upside)
Action:Reiterated
Date:09/15/26
The score is driven primarily by strong financial performance (high profitability, debt-free balance sheet, and solid cash generation). The earnings call reinforces momentum with record interim results and upbeat operational guidance, while valuation is supportive. Technicals are positive but look overextended, which modestly tempers the overall score.
Positive Factors
Strong operating growth
Higher harvest volumes and record gross-profit growth indicate improving operating scale and productivity across the plantation base. Continued volume expansion can support earnings growth, while greater throughput should help spread fixed costs and reinforce the company’s competitive position over coming periods.
Negative Factors
Commodity-linked earnings cyclicality
The company remains exposed to palm oil pricing, which can limit revenue and profit growth even when harvest volumes improve. This cyclicality makes earnings and cash flow less predictable and can reduce the financial benefit of operational gains during weaker commodity periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong operating growth
Higher harvest volumes and record gross-profit growth indicate improving operating scale and productivity across the plantation base. Continued volume expansion can support earnings growth, while greater throughput should help spread fixed costs and reinforce the company’s competitive position over coming periods.
Read all positive factors
M.P. Evans (MPE) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£945.43M
Dividend Yield3.69%
Average Volume (3M)75.16K
Price to Earnings (P/E)10.3
Beta (1Y)0.05
Revenue Growth1.43%
EPS Growth12.54%
CountryUK
Employees12,900
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Farm Products
Share Statistics
EPS (TTM)2.35
Shares Outstanding52,067,566
10 Day Avg. Volume74,782
30 Day Avg. Volume75,163
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)1.44
Price to Sales (P/S)2.27
P/FCF Ratio7.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£2,500.00Price Target Upside42.21% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.38
Revenue Forecast (FY)£388.40M
M.P. Evans Business Overview & Revenue Model
Company Description
M.P. Evans Group PLC, operating through its various subsidiaries, is primarily engaged in the cultivation, oversight, and expansion of oil palm estates across Indonesia. The company's operations are structured across two main divisions: its Indone...
How the Company Makes Money
MPE makes money primarily by selling palm oil products produced from its own plantations in Indonesia. Its core revenue stream is the sale of crude palm oil (CPO) produced by processing fresh fruit bunches harvested from its oil palm estates in th...
M.P. Evans Earnings Call Summary
Earnings Call Date:Sep 14, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Mar 23, 2027
Earnings Call Sentiment Positive
The call was strongly positive, supported by record interim results, double-digit growth in harvest and production, a 25% increase in gross profit, lower unit costs, strong cash generation, a debt-free balance sheet, higher dividends, and confidence in the second half. The main challenges discussed were broadly flat crude palm oil pricing, labor and fertilizer inflation, rehabilitation and planting requirements, incomplete processing coverage at Simpang Kiri, and potential weather-related effects, although management said the 2026 El Niño impact was unlikely to be significant or material.Positive Updates
Record Interim Results
Management described the 2026 interim results as record-breaking. Gross profit increased by 25% to just under $79 million, earnings per share rose by 21% to 86.5 pence, and the board approved a 39% increase in the interim dividend to 25 pence per share.
Negative Updates
Crude Palm Oil Pricing Was Broadly Flat
The crude palm oil price for the year increased by only 1% compared with the same period in 2025. The mill gate price was described as only a smidge up on last year at $873 per ton.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Interim Results
Management described the 2026 interim results as record-breaking. Gross profit increased by 25% to just under $79 million, earnings per share rose by 21% to 86.5 pence, and the board approved a 39% increase in the interim dividend to 25 pence per share.
Read all positive updates
Company Guidance
Management said the first eight months crop harvested from areas under its own management was up 16% at 965,000 tons, almost 1.1 million tons had been processed, and pricing was “actually very similar” to the first six months; it also said unit costs were expected to continue to benefit from increased volume “as we move through the year and in future years as well.” The new KWB and Long Nah acquisition has around 700 hectares currently planted, with the opportunity to end up with “3,000 or 3,000-plus planted hectares” and anticipated investment “somewhere north of $20 million in the coming years.” Existing mills have “anywhere between sort of 15,000-20,000 additional hectares” of processing capacity before another mill is needed, while Simpang Kiri has about 4,500 hectares and currently processes “96% or 97%” of its crop. Management has “deliberately not bound” itself to a numerical or time-bound sustainable-output target, although it said each mill could become 100% sustainable; Super El Niño is “unlikely to have a significant or material impact” on 2026 yields, compared with a reduction of “about 6%” during 2015 into 2016 and crop being “level” in affected areas during 2023 and 2024.M.P. Evans Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 384.88M | 378.78M | 352.84M | 307.37M | 326.92M | 276.59M |
| Gross Profit | 156.60M | 145.20M | 116.59M | 78.45M | 109.21M | 103.61M |
| EBITDA | 180.13M | 166.45M | 143.61M | 100.93M | 125.08M | 136.01M |
| Net Income | 122.61M | 113.50M | 87.85M | 52.49M | 73.06M | 86.41M |
Balance Sheet | ||||||
| Total Assets | 703.02M | 668.18M | 647.79M | 625.15M | 590.26M | 583.82M |
| Cash, Cash Equivalents and Short-Term Investments | 114.11M | 87.51M | 79.22M | 39.32M | 82.50M | 65.61M |
| Total Debt | 0.00 | 0.00 | 33.03M | 54.42M | 49.04M | 71.05M |
| Total Liabilities | 62.96M | 60.30M | 114.33M | 120.08M | 101.41M | 138.77M |
| Stockholders Equity | 631.19M | 599.71M | 525.75M | 485.07M | 471.18M | 431.52M |
Cash Flow | ||||||
| Free Cash Flow | 123.20M | 116.89M | 114.15M | 45.34M | 68.46M | 59.75M |
| Operating Cash Flow | 147.49M | 142.03M | 135.80M | 83.64M | 102.29M | 92.27M |
| Investing Cash Flow | -44.46M | -45.53M | -19.33M | -71.65M | -28.44M | 887.00K |
| Financing Cash Flow | -78.73M | -87.00M | -75.25M | -55.43M | -55.38M | -54.72M |
M.P. Evans Technical Analysis
Neutral
1758.00
Price Trends
1936.61
Negative
1765.45
Positive
1627.54
Positive
Market Momentum
-43.73
Positive
37.41
Neutral
25.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MPE, the sentiment is Neutral. The current price of 1758 is below the 20-day moving average (MA) of 1920.65, below the 50-day MA of 1936.61, and above the 200-day MA of 1627.54, indicating a neutral trend. The MACD of -43.73 indicates Positive momentum. The RSI at 37.41 is Neutral, neither overbought nor oversold. The STOCH value of 25.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:MPE.
M.P. Evans Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | £945.43M | 10.34 | 19.92% | 3.69% | 1.43% | 12.54% | |
70 Outperform | £588.88M | 9.02 | 15.65% | 3.93% | 7.11% | 1.39% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
42 Neutral | £425.64K | -0.24 | 199.88% | ― | ― | ― | |
40 Underperform | £135.24M | 7.23 | 6.33% | 4.86% | 0.04% | ― | |
38 Underperform | £4.24M | -1.14 | -66.02% | 1.42% | 4.22% | 23.81% |
* Consumer Defensive Sector Average
GB:MPE
M.P. Evans
1,816.00
514.32
39.51%
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GB:ZAM
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M.P. Evans Corporate Events
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
M.P. Evans Cancels 4,250 Shares in Latest Buyback
Positive
Oct 22, 2026
M.P. Evans Group has cancelled 4,250 of its own 10p shares, bought back on 21 October 2026 via broker Cavendish Capital Markets at a volume-weighted average price of 1,917.88 pence. Following this transaction, the company’s share capital now...
Stock BuybackRegulatory Filings and Compliance
M.P. Evans Cuts Share Count With Latest Buyback
Positive
Oct 21, 2026
M.P. Evans Group PLC has continued its share buyback programme, purchasing 4,000 of its own 10p shares on 20 October 2026 via Cavendish Capital Markets at a volume-weighted average price of 1,906.33 pence. The shares have been bought for cancellat...
Stock BuybackRegulatory Filings and Compliance
M.P. Evans Cancels 4,000 Shares After Latest Buyback
Positive
Oct 20, 2026
M.P. Evans Group PLC has executed a share buyback transaction, purchasing 4,000 of its own 10p shares on 19 October 2026 via Cavendish Capital Markets for prices between 1,894p and 1,996p, at a volume-weighted average of 1,924.47p. These shares ha...
Stock BuybackRegulatory Filings and Compliance
M.P. Evans Cancels 3,500 Shares, Updates Voting Rights to 52.1 Million
Positive
Oct 19, 2026
M.P. Evans Group PLC has cancelled 3,500 of its own shares, bought on 16 October 2026 through Cavendish Capital Markets Limited on the London Stock Exchange at a volume-weighted average price of 1,963.33 pence per share. Following this transaction...
Stock BuybackRegulatory Filings and Compliance
M.P. Evans Cancels 3,500 Shares in Latest Buyback Move
Neutral
Oct 16, 2026
M.P. Evans Group PLC has bought back and cancelled 3,500 of its 10p shares on the London Stock Exchange, with prices ranging between 1,958.00p and 2,000.00p and a volume-weighted average price of 1,973.81p. The trades were executed by Cavendish Ca...
Stock BuybackRegulatory Filings and Compliance
M.P. Evans Cancels 4,000 Shares in Latest Buyback
Neutral
Oct 15, 2026
M.P. Evans Group PLC has undertaken a share buyback transaction, purchasing 4,000 of its own 10p shares on 14 October 2026 through broker Cavendish Capital Markets Limited for cancellation. The shares were acquired on AIM at a volume-weighted aver...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
M.P. Evans Cancels Further Shares as Buyback Tightens Free Float
Positive
Oct 14, 2026
M.P. Evans Group PLC has continued its share buyback programme, purchasing 3,500 of its own 10p ordinary shares on 13 October 2026 via broker Cavendish Capital Markets at a volume-weighted average price of 1,955.77 pence. The shares have been boug...
Business Operations and StrategyStock Buyback
M.P. Evans Extends £3m Share Buyback to Boost Long-Term Shareholder Value
Positive
Oct 5, 2026
M.P. Evans Group PLC has extended its share buyback programme, authorising up to £3 million of market repurchases of its 10 pence shares through 15 December 2026, with the board to review a further extension thereafter. The company highlights...
Business Operations and StrategyDividendsFinancial Disclosures
M.P. Evans lifts profits, dividend and land bank on stronger palm oil output
Positive
Sep 14, 2026
M.P. Evans reported strong interim results for the six months to 30 June 2026, driven by a 14% rise in harvested crop and improved mill extraction rates that lifted crude palm oil output by 11%. Higher volumes, robust pricing and an 8% reduction i...
Business Operations and StrategyM&A Transactions
M.P. Evans expands sustainable palm oil footprint at Kota Bangun
Positive
Sep 10, 2026
M.P. Evans Group PLC, a UK-listed producer of certified sustainable Indonesian palm oil, operates plantations and mills across multiple provinces and is recognised for adherence to stringent environmental and social standards. The group is a membe...
Stock BuybackRegulatory Filings and Compliance
M.P. Evans updates total voting rights after share buyback activity
Neutral
Sep 1, 2026
M.P. Evans Group PLC has confirmed that its issued share capital now comprises 52,111,850 ordinary shares of 10 pence each, all carrying equal voting rights and with no shares held in treasury. The updated share count, which reflects activity unde...
Business Operations and StrategyFinancial Disclosures
M.P. Evans sets September date for interim results and investor briefings
Positive
Aug 26, 2026
M.P. Evans Group PLC will publish interim results for the six months to 30 June 2026 on 14 September, underscoring its continuing focus on transparency around financial and operational performance in sustainable Indonesian palm oil. The company is...
Business Operations and Strategy
M.P. Evans Publishes 2025 Sustainability Report, Showcasing ESG Progress in Indonesian Palm Oil
Positive
Aug 24, 2026
M.P. Evans Group PLC, a UK-listed producer of certified sustainable Indonesian palm oil, has released its 2025 Sustainability Report detailing its environmental, social and governance strategy. The report highlights growing output of certified sus...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
M.P. Evans Cancels Shares After Latest Buyback on AIM
Neutral
Aug 19, 2026
M.P. Evans Group PLC has cancelled 397 of its own 10p shares purchased on 18 August 2026 on the London Stock Exchange through Cavendish Capital Markets, at a volume-weighted average price of 1,698.88 pence. Following this buyback and cancellation,...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
M.P. Evans cuts share count with latest buyback on AIM
Positive
Aug 18, 2026
M.P. Evans Group PLC has continued its share buyback programme, purchasing 2,647 ordinary shares of 10 pence each on 17 August 2026 through broker Cavendish Capital Markets at a volume-weighted average price of 1,689.43 pence. The bought-back shar...
Stock BuybackRegulatory Filings and Compliance
M.P. Evans Cancels Further Shares in Ongoing Buyback Programme
Positive
Aug 17, 2026
M.P. Evans Group PLC has continued its share buyback programme, purchasing 1,743 of its own 10p shares on 14 August 2026 via broker Cavendish Capital Markets at a volume-weighted average price of 1,695.97 pence. These shares have been bought for c...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
M.P. Evans Cancels Shares After Latest AIM Buyback
Positive
Aug 14, 2026
M.P. Evans Group PLC has executed a further share buyback on the London Stock Exchange, purchasing 2,352 ordinary shares of 10 pence each through its broker Cavendish Capital Markets for cancellation. The shares were acquired at prices between 1,6...
Stock BuybackRegulatory Filings and Compliance
M.P. Evans Tightens Share Base With Latest Buyback on AIM
Neutral
Aug 13, 2026
M.P. Evans Group has repurchased 2,352 of its own 10p shares on the London Stock Exchange, paying a volume-weighted average price of 1,669.18 pence per share through broker Cavendish Capital Markets. The buyback forms part of the company’s o...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
M.P. Evans Cuts Share Count With Latest Buyback on AIM
Positive
Aug 12, 2026
M.P. Evans Group PLC has executed a further share buyback on the London Stock Exchange, purchasing 2,352 ordinary shares of 10 pence each through its broker Cavendish Capital Markets. The shares were acquired at prices between 1,636.00p and 1,668....
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
M.P. Evans cancels shares after latest buyback, sets new voting rights base
Positive
Aug 11, 2026
M.P. Evans Group said it has bought back and cancelled 2,352 of its own 10p shares on the London Stock Exchange, at a volume-weighted average price of 1,656.15 pence, as part of its share buyback programme conducted through broker Cavendish Capita...
Stock BuybackRegulatory Filings and Compliance
M.P. Evans updates total voting rights after AIM share buyback
Neutral
Aug 10, 2026
M.P. Evans Group PLC has executed a share buyback transaction, purchasing 2,647 of its 10p ordinary shares on AIM through broker Cavendish Capital Markets and cancelling them. The shares were bought at prices ranging between 1,664p and 1,691p, wit...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
M.P. Evans Cancels Further Shares Under Ongoing Buyback Programme
Positive
Aug 7, 2026
M.P. Evans Group PLC has continued its share buyback activity, repurchasing 2,352 ordinary shares of 10p each on 6 August 2026 through its broker Cavendish Capital Markets at a volume-weighted average price of 1,674.15 pence. The transaction forms...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
M.P. Evans Cancels Shares in Ongoing Buyback, Updates Voting Rights
Positive
Aug 6, 2026
M.P. Evans Group PLC has repurchased and cancelled 2,647 of its own 10p shares on the London Stock Exchange, paying a volume-weighted average price of 1,664.64 pence per share under its ongoing share buyback programme. Following this transaction, ...
Stock BuybackRegulatory Filings and Compliance
M.P. Evans trims share capital with latest AIM buyback
Positive
Aug 5, 2026
M.P. Evans Group PLC has continued its share buyback programme, purchasing 2,941 ordinary shares of 10p each on 4 August 2026 via broker Cavendish Capital Markets at a volume‑weighted average price of 1,634.63 pence. These shares have been c...
Stock BuybackRegulatory Filings and Compliance
M.P. Evans trims share capital with latest buyback
Positive
Aug 4, 2026
M.P. Evans Group PLC has repurchased and cancelled 2,941 of its 10p ordinary shares on the London Stock Exchange as part of its ongoing share buyback programme, at a volume‑weighted average price of 1,611.91 pence per share. Following this t...
Stock BuybackRegulatory Filings and Compliance
M.P. Evans Confirms Updated Total Voting Rights and Share Capital
Neutral
Aug 3, 2026
M.P. Evans Group PLC has confirmed that, as of 3 August 2026 and assuming settlement of any recent share buybacks, its issued share capital consists of 52,139,573 ordinary shares of 10 pence each, all carrying equal voting rights and with no share...
Stock BuybackRegulatory Filings and Compliance
M.P. Evans Cancels Further Shares Under Buyback Programme
Positive
Aug 3, 2026
M.P. Evans Group PLC has continued its share buyback activity, purchasing 3,235 ordinary shares of 10p each on 31 July 2026 for cancellation via broker Cavendish Capital Markets. The trades were executed on AIM at a volume-weighted average price o...
Stock BuybackRegulatory Filings and Compliance
M.P. Evans Cancels Shares After Targeted Buyback, Updates Voting Rights
Positive
Jul 31, 2026
M.P. Evans Group PLC has executed a small share buyback, purchasing 2,941 of its own 10p shares on 30 July 2026 via broker Cavendish Capital Markets, at a volume‑weighted average price of 1,613.05 pence. These shares have been cancelled, red...
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.