Download PDF

1. Company Snapshot

1.a. Company Description

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, the Asia Pacific, rest of Europe, and internationally.It operates through five segments: Liquids, Powders, Unit dosing, Aerosols, and Asia Pacific.The Liquids segment offers laundry detergent, dishwasher liquids, surface cleaners, and bleach.


The Unit dosing segment provides auto dishwasher tablets, laundry capsules, and water softeners.The Powders segment offers laundry, auto dishwash, stain removers, water softeners, and powdered cleaning products.The Aerosols segment provides household, personal care, insecticides, sanitizers, and professional cleaning products.


The Asia Pacific segment offers shampoo, liquid soap, auto dishwasher tablets, and washing up liquids.The company also provides contract manufacturing services.The company offers products under the Surcare, Oven Pride, Clean N Fresh, and Hospec brands.


McBride plc was founded in 1927 and is based in Manchester, the United Kingdom.

Show Full description

1.b. Last Insights on MCB

McBride plc's recent performance was driven by a strong first half 2025 earnings release, with earnings per share (EPS) increasing to £0.11, up from £0.073 in the same period last year. Revenue remained flat at £471.4m. The company's resilience in a challenging economic environment, particularly in the UK, presents a unique opportunity for growth. Institutional investors' significant holdings in McBride, at 37%, imply their influence and confidence in the company's prospects. Additionally, the company's relative lack of exposure to international markets makes it an attractive option in a global economic landscape characterized by caution.

1.c. Company Highlights

2. McBride's Strong Financial Performance and Strategic Progress

McBride's financial performance has been robust, with revenue growth of 4.3% and EBITDA returns doubling from historic levels. The company's adjusted operating profit was maintained at similar levels to last year, and it generated GBP 93.9 million in free cash flow, reducing net debt to GBP 105.2 million. The earnings per share (EPS) figure was not disclosed, but the company's strong cash flow generation is a positive indicator. With a P/E Ratio of 6.62 and an EV/EBITDA of 4.14, the company's valuation appears reasonable, considering its robust financial performance.

Publication Date: Oct -28

📋 Highlights
  • Revenue Growth & EBITDA Recovery:: Revenue increased 4.3%, while EBITDA doubled from historic levels, reflecting improved operational performance.
  • Debt Reduction & Dividend Restart:: Net debt fell to GBP 100 million, and the annual dividend was reinstated at 3p, a first in the company’s history.
  • Private Label Market Expansion:: Private label share rose to 35.5% (up from 30% in 3–5 years), with growth extending beyond core products to pet care and baby diapers.
  • Transformation Program Impact:: GBP 50 million cost savings target over 5 years, driven by SAP upgrades and operational efficiencies, with GBP 5 million saved in Year 1.
  • Aerosols Business Growth:: The Aerosols division saw 21% revenue growth, becoming a leading performer in its category.

Business Model and Market Position

McBride is a leading supplier of household cleaning products across Europe, with a strong presence in the private label market, which accounts for 84% of its business. The company's products include laundry detergents, dishwashing products, and surface cleaners, and it has a significant presence in Germany, its largest market. The company's focus on innovation, particularly in packaging and formulation to reduce carbon footprint, has positioned it well for future growth.

Strategic Progress and Growth Opportunities

The company has made significant progress in its transformation program, targeting GBP 50 million in benefits across 5 years. Its SAP upgrade has standardized processes and improved analytics, and its commercial and service excellence programs have shown great progress, with service performance statistics at 94%, the best in 6 years. McBride is well-positioned for growth, driven by market share gains in private label with retailers, and it has already gained significant business with a major customer.

Valuation and Dividend Yield

With a P/B Ratio of 2.33 and a P/S Ratio of 0.23, McBride's valuation appears reasonable, considering its strong financial performance and growth prospects. The company's ROE of 37.88% and ROIC of 15.28% are also impressive, indicating a strong return on equity and invested capital. The company's dividend yield is currently 0.0%, but it has reinstated its annual dividend at 3p, a significant milestone for the company.

Outlook and Analyst Estimates

Analysts estimate next year's revenue growth at -1.0%, but McBride's strong financial performance and strategic progress suggest that it is well-positioned for future growth. The company's focus on innovation, cost leadership, and customer partnerships is expected to drive its growth prospects, and its robust financial performance is likely to continue. With a strong balance sheet and financial flexibility, McBride is well-positioned to explore options for investment and create value for its shareholders.

3. NewsRoom

Card image cap

UK Penny Stocks: McBride And 2 Other Promising Picks For Your Portfolio

Nov -21

Source:

Card image cap

UK Penny Stocks To Watch In October 2025

Oct -21

Source:

Card image cap

Undiscovered Gems in the United Kingdom for October 2025

Oct -03

Source:

Card image cap

Insiders Of McBride Reap Rewards After Their Investment Jumps Another UK£53k

Sep -21

Source:

Card image cap

Form 8.3 - IQE Plc

Sep -09

Source:

Card image cap

Taylor Wimpey (LSE:TW.): A Fresh Look at Valuation After a Year of Share Price Pressure

Sep -09

Source:

Card image cap

Assessing Diageo (LSE:DGE) Shares: Is the Current Valuation a Missed Opportunity?

Sep -09

Source:

Card image cap

Does Lloyds Offer More Value After Latest UK Interest Rate Decision?

Sep -09

Source:

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.18%)

6. Segments

Liquids

Expected Growth: 4%

McBride plc's Liquids segment growth is driven by increasing demand for eco-friendly and sustainable packaging, expansion into emerging markets, and strategic partnerships with major consumer goods companies. Additionally, the segment benefits from the trend towards refill and reuse, as well as McBride's investments in innovative and efficient manufacturing technologies.

Unit Dosing

Expected Growth: 4.5%

McBride plc's Unit Dosing segment growth of 4.5% is driven by increasing demand for convenient and sustainable packaging solutions, expansion in emerging markets, and strategic partnerships with major consumer goods companies. Additionally, the segment benefits from the trend towards unit dose packaging in the healthcare and beauty industries, as well as the company's continued investment in innovation and operational efficiency.

Powders

Expected Growth: 3.5%

McBride plc's 3.5% growth in powders is driven by increasing demand for eco-friendly laundry detergents, rising popularity of online shopping, and expansion into emerging markets. Additionally, the company's focus on product innovation, cost savings initiatives, and strategic partnerships have contributed to the growth.

Aerosols

Expected Growth: 4.8%

McBride plc's Aerosols segment growth of 4.8% is driven by increasing demand for personal care and household products, expansion into emerging markets, and strategic partnerships with major retailers. Additionally, the company's focus on innovation, sustainability, and cost savings initiatives has improved operational efficiency and enhanced competitiveness.

Asia Pacific

Expected Growth: 6%

McBride plc's 6% growth in Asia Pacific is driven by increasing demand for household and personal care products, fueled by a growing middle class and urbanization in countries like China, India, and Indonesia. Additionally, the region's e-commerce boom and rising health awareness are contributing to the growth.

7. Detailed Products

Surfactants

McBride plc offers a range of surfactants, which are used in various cleaning products, such as laundry detergents, dishwashing liquids, and personal care products.

Dishwash

McBride plc provides a variety of dishwash products, including tablets, powders, and liquids, for both domestic and professional use.

Laundry

McBride plc offers a range of laundry products, including washing powders, liquids, and tablets, for both domestic and industrial use.

Personal Care

McBride plc provides a range of personal care products, including shower gels, body washes, and hand soaps, for both domestic and professional use.

Automotive Care

McBride plc offers a range of automotive care products, including car washes, polishes, and waxes, for both domestic and professional use.

Specialty Chemicals

McBride plc provides a range of specialty chemicals, including adhesives, sealants, and coatings, for various industrial applications.

8. McBride plc's Porter Forces

Forces Ranking

Threat Of Substitutes

McBride plc operates in a market with moderate threat of substitutes, as customers have some alternatives but they are not very attractive.

Bargaining Power Of Customers

McBride plc's customers have low bargaining power due to the company's strong brand presence and limited buyer concentration.

Bargaining Power Of Suppliers

McBride plc's suppliers have moderate bargaining power due to the presence of multiple suppliers and the company's moderate dependence on them.

Threat Of New Entrants

The threat of new entrants is high in McBride plc's industry due to low barriers to entry and high growth potential.

Intensity Of Rivalry

The intensity of rivalry is high in McBride plc's industry due to the presence of many competitors and high competition for market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 81.42%
Debt Cost 10.08%
Equity Weight 18.58%
Equity Cost 10.17%
WACC 10.09%
Leverage 438.27%

11. Quality Control: McBride plc passed 3 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

Stock-Card
McBride

A-Score: 5.1/10

Value: 8.6

Growth: 7.1

Quality: 4.9

Yield: 2.5

Momentum: 5.5

Volatility: 2.0

1-Year Total Return ->

View Full Report
Stock-Card
Duni

A-Score: 5.0/10

Value: 5.2

Growth: 5.3

Quality: 4.2

Yield: 4.4

Momentum: 3.5

Volatility: 7.7

1-Year Total Return ->

View Full Report
Stock-Card
Warpaint London

A-Score: 4.9/10

Value: 5.2

Growth: 8.2

Quality: 7.7

Yield: 7.5

Momentum: 0.0

Volatility: 0.7

1-Year Total Return ->

View Full Report
Stock-Card
Intercos

A-Score: 4.4/10

Value: 4.9

Growth: 7.2

Quality: 5.0

Yield: 1.9

Momentum: 1.0

Volatility: 6.7

1-Year Total Return ->

View Full Report
Stock-Card
PZ Cussons

A-Score: 4.0/10

Value: 6.9

Growth: 1.1

Quality: 2.7

Yield: 6.9

Momentum: 2.5

Volatility: 3.7

1-Year Total Return ->

View Full Report
Stock-Card
Ontex

A-Score: 3.6/10

Value: 9.3

Growth: 4.0

Quality: 2.0

Yield: 0.0

Momentum: 0.5

Volatility: 6.0

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

1.23$

Current Price

1.23$

Potential

-0.00%

Expected Cash-Flows