Miquel y Costas & Miquel, S.A. (MCM.MC) | Investment Case

1. Company Snapshot

1.a. Company Description

Miquel y Costas & Miquel, S.A., together with its subsidiaries, engages in the manufacture, trading, and sale of fine and specialty lightweight papers in Spain and internationally.It operates through Tobacco Industry, Industrial Products, and Others segments.The company offers papers for the cigarette industry; printing, rolling, and specialty papers; and specialty textile pulps for industrial uses, as well as colored papers and cardboards.

It also manufactures, markets, and sells paper pulp, and processed and handled paper; operates thermal electric plant; leases industrial assets; promotes and develops companies; and provides other technical, logistics, storage, transport, and distribution services.The company also exports its products.Miquel y Costas & Miquel, S.A. was founded in 1725 and is headquartered in Barcelona, Spain.

Show Full description

1.b. Last Insights on MCM

Miquel y Costas & Miquel, S.A.'s solid financial foundations are driving its recent performance. The company's strong economic data showcases robust growth and consumer spending, providing a stable ground for its operations. Additionally, its ability to navigate the implications of new political developments and economic indicators has positioned it for potential growth amidst evolving market conditions. The company's focus on solid fundamentals, such as a strong balance sheet and efficient operations, is likely to attract investors seeking stability in a turbulent market.

1.c. Company Highlights

Last Price	14.3
Change Percentage	-1.38%
Open	14.5
Previous Close	14.5
Market Cap ( Millions)	543
Volume	1715
Year High	15
Year Low	11.75
M A 50	13.89
M A 200	13.89

FCF Yield	7.95%
Dividend Yield	3.24%
ROE	12.81%
Debt / Equity	14.39%
Net Debt / EBIDTA	49.93%
Price To Book	1.4
Price Earnings Ratio	11.08
Price To FCF	12.57
Price To sales	1.75
EV / EBITDA	6.94

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

Request Coverage

3. NewsRoom

Undiscovered European Gems With Potential For November 2025

Nov -10

Source:

LVMH: Share transactions disclosure

Sep -09

Source:

Cointreau Launches First-Ever Ready-To-Serve Range – Introducing Cointreau Citrus Spritz

Sep -09

Source:

What Does the Steep 20% Drop Mean for Rémy Cointreau’s 2025 Outlook?

Sep -09

Source:

Société Foncière Lyonnaise (ENXTPA:FLY): Assessing Valuation After a Year of Solid Share Price Gains

Sep -09

Source:

Minor Hotels Europe & Americas (BME:NHH): Exploring Valuation After Steady Share Performance

Sep -09

Source:

What Recent Earnings Mean for Forvia’s 2025 Value Prospects

Sep -09

Source:

Assessing Veolia Environnement (ENXTPA:VIE) Valuation as Investors Eye Subtle Shifts in Utility Stocks

Sep -09

Source:

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (3.92%)

6. Segments

Tobacco

Expected Growth: 3.5%

Growing demand for premium tobacco products, increasing popularity of cigars, and expanding distribution channels drive growth for Miquel y Costas & Miquel, S.A. in the tobacco market.

Industrial

Expected Growth: 4.5%

Growing demand for sustainable packaging, increasing adoption of specialty papers in luxury packaging, and expansion in emerging markets drive the industrial paper segment's growth.

Others

Expected Growth: 4.5%

The miscellaneous products and services segment of Miquel y Costas & Miquel, S.A. is expected to grow driven by increasing demand for sustainable packaging solutions, expansion into new markets, and strategic partnerships.

7. Detailed Products

Papel Cigarette

A high-quality cigarette paper made from natural fibers, used for rolling cigarettes.

Miquel y Costas Filter Tips

High-quality filter tips designed for use with hand-rolled cigarettes, providing a smooth draw and even flavor.

Oveja Negra Rolling Papers

A premium range of rolling papers made from natural fibers, available in various sizes and flavors.

Miquel y Costas Accessories

A range of accessories for smokers, including lighters, ashtrays, and cigarette cases.

8. Miquel y Costas & Miquel, S.A.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Miquel y Costas & Miquel, S.A. is medium due to the presence of alternative products in the market.

Bargaining Power Of Customers

The bargaining power of customers for Miquel y Costas & Miquel, S.A. is low due to the company's strong brand reputation and customer loyalty.

Bargaining Power Of Suppliers

The bargaining power of suppliers for Miquel y Costas & Miquel, S.A. is high due to the limited number of suppliers in the market.

Threat Of New Entrants

The threat of new entrants for Miquel y Costas & Miquel, S.A. is low due to the high barriers to entry in the market.

Intensity Of Rivalry

The intensity of rivalry for Miquel y Costas & Miquel, S.A. is medium due to the presence of several competitors in the market.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

	Value
Debt Weight	12.98%
Debt Cost	3.95%
Equity Weight	87.02%
Equity Cost	6.64%
WACC	6.29%
Leverage	14.91%

11. Quality Control: Miquel y Costas & Miquel, S.A. passed 7 out of 9 key points

Strong Liquidity

Low Debt

Strong Interest Coverage

Healthy Cash Flow

Operating Efficiency

Strong Return On Equity

Consistent Revenue Growth

Consistent Operating Cash Flow Growth

Margin Improvement

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Miquel y Costas

A-Score: 7.0/10

Value: 6.8

Growth: 4.9

Quality: 7.1

Yield: 6.9

Momentum: 7.5

Volatility: 8.7

1-Year Total Return ->

Exacompta Clairefontaine

A-Score: 6.4/10

Value: 9.2

Growth: 5.2

Quality: 3.9

Yield: 7.5

Momentum: 7.0

Volatility: 5.3

1-Year Total Return ->

Nordic Paper Holding

A-Score: 5.6/10

Value: 7.7

Growth: 4.9

Quality: 5.1

Yield: 9.4

Momentum: 4.0

Volatility: 2.7

1-Year Total Return ->

CPH

A-Score: 5.5/10

Value: 4.6

Growth: 3.4

Quality: 5.7

Yield: 6.2

Momentum: 5.5

Volatility: 7.3

1-Year Total Return ->

James Latham

A-Score: 4.9/10

Value: 6.7

Growth: 4.8

Quality: 5.1

Yield: 4.4

Momentum: 1.0

Volatility: 7.7

1-Year Total Return ->

Arctic Paper

A-Score: 4.0/10

Value: 9.6

Growth: 3.1

Quality: 2.5

Yield: 4.4

Momentum: 0.0

Volatility: 4.7

1-Year Total Return ->

Peers Metrics

12.e Scoring ^Insights

12.f DCF ^BETA

Parameters

Short Term Growth

-4.28%

Short term Time

10.0

Long-Term Growth

2.00%

WACC

6.29%

Miquel y Costas & Miquel, S.A. - ES0164180012

1. Company Snapshot

1.a. Company Description

1.b. Last Insights on MCM

1.c. Company Highlights

Less Volatile

Better Quality

Average Yield

Medium Volatility

Stable Momentum

Lower Growth

Strong Momentum

2. Transcript Summary

3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (3.92%)

6. Segments

Tobacco

Expected Growth: 3.5%

Industrial

Expected Growth: 4.5%

Others

Expected Growth: 4.5%

7. Detailed Products

Papel Cigarette

Miquel y Costas Filter Tips

Oveja Negra Rolling Papers

Miquel y Costas Accessories

8. Miquel y Costas & Miquel, S.A.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Bargaining Power Of Customers

Bargaining Power Of Suppliers

Threat Of New Entrants

Intensity Of Rivalry

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

11. Quality Control: Miquel y Costas & Miquel, S.A. passed 7 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

14.3$

Current Price

14.3$

Potential

-0.00%

Expected Cash-Flows

12.e Scoring ^Insights

12.f DCF ^BETA