olivLaw · European equity research
McBride plc MCB.L
United Kingdom · London Stock Exchange · ISIN GB0005746358 · Vertical: Listed companies from United Kingdom
McBride plc is a European producer of household cleaning and care products, with industrial operations across several European sites. In fiscal 2026 the company reported an accelerating emissions reduction programme, with an enhanced target of 66.3% by 2033, making climate risk management central for investors and retail customers.
At the close of 05 Nov 2026, McBride plc (MCB.L) stock was 1.76 GBP (+1.74% on the day), with market capitalisation 298.0 m GBP, P/E 10.4 on diluted EPS of 0.17 GBP over the last 12 months, dividend yield 1.75%, beta 0.46, 52-week range 1.09–2.06 GBP.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 49.5
- neutral
- Bollinger (20, 2)
- 1.67 – 1.87
- in the lower half of the band · %B 0.44 · band width 10.8%
- SMA 50 / 200
- 1.81 / 1.62
- mixed trend
- MACD (12, 26, 9)
- -0.02 / -0.01
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +0.3% | −0.6% | +1.0 pp | — |
| 3 months | +5.0% | −4.2% | +9.2 pp | — |
| 6 months | +13.1% | +4.3% | +8.8 pp | — |
| Year to date | +19.9% | +7.5% | +12.4 pp | — |
| 1 year | +53.4% | +9.9% | +43.5 pp | +5.8% |
| 3 years | +291.1% | +49.8% | +241.3 pp | +26.3% |
| 5 years | +158.5% | +42.8% | +115.7 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 100 percentile of its own 3-quarter history (min 7.4, median 8.1, max 9.2; quarters with earnings only).
Fiscal years
| Fiscal year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 934.8 m | 926.5 m | 934.2 m |
| Revenue YoY | unavailable | −0.9% | +0.8% |
| Net income | 33.3 m | 33.2 m | 30.0 m |
| Net income YoY | unavailable | −0.3% | −9.6% |
| Diluted EPS | 0.19 | 0.19 | 0.17 |
| Diluted EPS YoY | unavailable | −1.1% | −9.1% |
| net % | 3.6% | 3.6% | 3.2% |
| Free cash flow | 44.9 m | 43.1 m | 13.4 m |
Balance sheet & financial health
Fiscal year 2026 · 30 Jun 2026
- Cash
- 65.2 m GBP
- Financial debt
- 181.9 m GBP
- Net debt
- 116.7 m GBP
- Equity
- 111.1 m GBP
- Total assets
- 560.2 m GBP
- Debt / equity
- 1.64x
- Current ratio
- 1.10x
- ROE
- 29.2%
- ROA
- 5.6%
- FCF margin
- 1.4%
Financial statements (source on every figure)
Revenue and net income (GBP)
Margins
Income statement · GBP
| Line | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 934.8 m | 926.5 m | 934.2 m | esef· 15 Oct 2026verified |
| Cost of revenue | 586.9 m | 584.4 m | 589.7 m | esef· 15 Oct 2026verified |
| Gross profit | 347.9 m | 342.1 m | 344.5 m | esef· 15 Oct 2026verified |
| Operating income | 64.3 m | 60.2 m | 50.1 m | esef· 15 Oct 2026verified |
| Interest expense | 17.8 m | 11.2 m | 10.2 m | esef· 15 Oct 2026verified |
| Pre-tax income | 46.5 m | 49.0 m | 39.9 m | esef· 15 Oct 2026verified |
| Income tax | 13.2 m | 15.8 m | 9.9 m | esef· 15 Oct 2026verified |
| Net income | 33.3 m | 33.2 m | 30.0 m | esef· 15 Oct 2026verified |
| Diluted EPS | 0.19 | 0.19 | 0.17 | esef· 15 Oct 2026verified |
| Dividend per share | — | 0.00 | 0.03 | esef· 15 Oct 2026derived |
Balance sheet · GBP
| Line | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|
| Cash | 9.3 m | 34.2 m | 65.2 m | esef· 15 Oct 2026verified |
| Receivables | 148.8 m | 139.1 m | 142.2 m | esef· 15 Oct 2026verified |
| Inventories | 119.6 m | 123.4 m | 132.6 m | esef· 15 Oct 2026verified |
| Current assets | 280.1 m | 300.5 m | 341.6 m | esef· 15 Oct 2026verified |
| Property, plant & equipment, net | 114.4 m | 120.3 m | 123.5 m | esef· 15 Oct 2026verified |
| Goodwill | 19.7 m | 19.8 m | 19.8 m | esef· 15 Oct 2026verified |
| Intangibles (excl. goodwill) | 9.8 m | 18.3 m | 28.3 m | esef· 15 Oct 2026verified |
| Total assets | 476.6 m | 505.3 m | 560.2 m | esef· 15 Oct 2026verified |
| Accounts payable | 220.1 m | 228.0 m | 220.9 m | esef· 15 Oct 2026verified |
| Short-term debt | 67.4 m | 69.8 m | 76.8 m | esef· 15 Oct 2026verified |
| Long-term debt | 65.0 m | 61.3 m | 105.1 m | esef· 15 Oct 2026verified |
| Current liabilities | 306.1 m | 311.8 m | 310.7 m | esef· 15 Oct 2026verified |
| Total liabilities | 413.2 m | 411.0 m | 449.1 m | esef· 15 Oct 2026verified |
| Equity | 63.4 m | 94.3 m | 111.1 m | esef· 15 Oct 2026verified |
| Shares outstanding at year end | 172.5 m | 170.3 m | 169.5 m | esef· 15 Oct 2026derived |
Cash flow · GBP
| Line | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 59.2 m | 63.1 m | 33.4 m | esef· 15 Oct 2026verified |
| Capex | 14.3 m | 20.0 m | 20.0 m | esef· 15 Oct 2026verified |
| Free cash flow | 44.9 m ≈ | 43.1 m ≈ | 13.4 m ≈ | esef· 15 Oct 2026derived |
| Investing cash flow | -18.5 m | -30.0 m | -30.9 m | esef· 15 Oct 2026verified |
| Financing cash flow | -33.2 m | -8.8 m | 28.1 m | esef· 15 Oct 2026verified |
| Dividends paid | — | 0 | 5.2 m | esef· 15 Oct 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 55 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 298.0 m GBP
Key indicators
Coverage and freshness
Score by group
- Returns55
- Balance sheet41
- Valuation71
- Quality46
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Neutral profile · Score 55/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 18.0% | 71 (vs peers) | 17% |
| Net margin · Quality | 3.2% | 31 (vs peers) | 10% |
| FCF conversion · Quality | 44.7% | 21 (on a fixed band) | 10% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 4.9x | 52 (on a fixed band) | 10% |
| Current ratio · Balance sheet | 1.1x | 25 (on a fixed band) | 7% |
| P/E (TTM) · Valuation | 10.4x | 83 (vs peers) | 17% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 4.5% | 56 (on a fixed band) | 13% |
| Shareholder yield (distributions) · Returns | 1.7% | 25 (on a fixed band) | 10% |
| Payout ratio (FCF) · Returns | 38.8% | 100 (on a fixed band) | 7% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet41/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality46/100 · 3/3 factors with a value
- Returns55/100 · 2/2 factors with a value
- Valuation71/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
MCBRIDE PLC (MCB.L). Latest full fiscal year: 2026; data up to 2026-06-30.
Figures computed from the financial statements: revenue 934.2 m GBP in 2026; YoY growth 0.8%; net margin 3.2%; ROE 29.2%.
The estimated value range is 1.33–2.21 GBP per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 1.74 GBP, the price of 1.76 GBP leaves a potential of -1.0% (value / price − 1) and a margin of safety of -1.1% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 55/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 18.0%
- P/E (TTM): 10.4x
- Payout ratio (FCF): 38.8%
What contradicts it
- FCF conversion: 44.7%
- Current ratio: 1.1x
- Shareholder yield (distributions): 1.7%
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA.
Versus the vertical median
Listed companies from United Kingdom · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BATS.LBritish American Tobacco P.L.C. | 104.3 bn | 13.5 | 16.5% | 30.3% | −1.0% | +7% / +88% |
| ABF.LAssociated British Foods PLC | 14.7 bn | 14.3 | 9.2% | 5.3% | −3.1% | −5% / −15% |
| 0EV1.LCarnival PLC | 5.5 bn | 4.1 | 46.7% | 13.4% | +6.4% | unavailable / unavailable |
| BAB.LBabcock International Group PLC | 5.1 bn | 24.7 | 34.7% | 4.1% | +7.2% | −10% / +158% |
| AUTO.LAutotrader Group PLC | 4.8 bn | 16.4 | 60.2% | 47.1% | +3.9% | −13% / −23% |
| BBY.LBalfour Beatty PLC | 4.2 bn | 16.3 | 23.2% | 2.8% | +15.2% | +20% / +160% |
| ABDN.LAberdeen Group PLC | 4.1 bn | 10.8 | 8.0% | 28.9% | −2.1% | +11% / +41% |
| BKG.LThe Berkeley Group Holdings PLC | 3.6 bn | 11.3 | 8.8% | 13.4% | −4.2% | −0% / −22% |
| BME.LB&M European Value Retail PLC | 2.9 bn | 17.4 | 21.2% | 2.8% | +3.7% | +68% / −51% |
| AJB.LAj Bell PLC | 2.4 bn | 22.8 | 49.9% | 33.1% | +18.0% | +8% / +128% |
| ASHM.LAshmore Group PLC | 1.4 bn | 13.9 | 13.1% | 71.6% | −0.1% | +28% / +18% |
| BCG.LBaltic Classifieds Group PLC | 1.2 bn | 23.2 | 15.8% | 57.6% | +6.9% | −99% / −99% |
| APN.LApplied Nutrition PLC | 763.6 m | 36.2 | 41.2% | 19.7% | +24.2% | +71% / unavailable |
| BAG.LA.G. Barr P.L.C. | 671.9 m | 14.4 | 14.4% | 10.8% | +4.0% | −7% / +26% |
| ASC.LAsos PLC | 494.5 m | — | -81.3% | -12.0% | −14.7% | +71% / +8% |
| ALFA.LAlfa Financial Software Holdings PLC | 486.8 m | 16.3 | 61.5% | 23.8% | +15.3% | −28% / +10% |
| AML.LAston Martin Lagonda Global Holdings PLC | 344.3 m | — | -93.4% | -39.2% | −20.6% | −45% / −85% |
| MCB.LMcbride PLC | 298.0 m | 10.4 | 29.2% | 3.2% | +0.8% | +42% / +151% |
| APTD.LAptitude Software Group PLC | 111.3 m | 28.5 | 7.2% | 6.2% | −7.3% | −30% / −23% |
| AMGO.LAmigo Holdings PLC | 9.9 m | — | — | — | −81.9% | +325% / +844% |
| ASBE.LAssociated British Engineering PLC | 605.3 k | — | -19.1% | — | unavailable | unavailable / unavailable |
| AMIF.LAmicorp Fs (uk) PLC | 221.6 k | 0.1 | 27.5% | 9.1% | +8.1% | unavailable / unavailable |
| AAF.LAirtel Africa PLC | — | — | 24.1% | 10.6% | +29.5% | −7% / +164% |
| AAL.LAnglo American PLC | — | — | -19.3% | -20.2% | +4.5% | +30% / +76% |
| ACG.LAcg Metals Limited | — | — | -80.3% | -32.0% | +134.8% | +60% / +63% |
1- and 3-year price returns: for MCB.L from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (GBP)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 1.05 Total return -39% · Per year -39% | 1.86 Total return 7% · Per year 7% | 2.80 Total return 62% · Per year 62% |
| 3 years | 0.94 Total return -42% · Per year -17% | 1.89 Total return 13% · Per year 4% | 3.14 Total return 86% · Per year 23% |
| 5 years | 0.85 Total return -45% · Per year -11% | 1.92 Total return 19% · Per year 3% | 3.51 Total return 112% · Per year 16% |
- Exit P/E± 0.47
- Net margin± 0.33
- Annual revenue growth± 0.28
- Annual dilution± 0.03
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
McBride plc is a European producer of household cleaning and care products, with industrial operations across several European sites. In fiscal 2026 the company reported an accelerating emissions reduction programme, with an enhanced target of 66.3% by 2033 1, making climate risk management central for investors and retail customers.
SWOT
Strengths
- The company has a broad base of European industrial sites and a structured emissions reduction programme, with renewable electricity ahead of its original target 1.
- The climate risk assessment process is well documented, aligned with TCFD and reviewed annually, giving investors transparency.
- Relationships with retailers and brands, and the ability to innovate in sustainable products, are a strength confirmed by recent launches 1.
Weaknesses
- Exposure to raw material and energy costs remains significant, and short-term contracts do not remove medium-term risk 1.
- Dependence on suppliers with water- and climate-sensitive supply chains could affect supply continuity.
- Adapting equipment to lower-emission technologies requires substantial capital investment, which could pressure margins.
Opportunities
- Customer demand for sustainable products could open market share opportunities through innovation in formulations and packaging 1.
- Modernising production and compacting products could bring operating savings if energy-efficiency investments are delivered.
- Reformulating products with bio-based feedstocks and recycled packaging could reduce exposure to carbon taxes in the supply chain 1.
Threats
- Carbon taxes and packaging regulation could raise operating and reformulation costs, especially if implementation accelerates 1.
- The effects of extreme weather, such as heatwaves and water scarcity, could disrupt production and logistics.
- Divergence between UK and EU rules creates dual compliance burdens and could complicate cross-border operations 1.
Risks
- Carbon emissions pricingmedium
Expanding carbon taxes could raise operating and raw material costs, especially if prices rise faster than forecast 1.
- Environmental regulatory compliancemedium
Requirements on chemicals, packaging and the digital product passport could create reformulation costs and fines if not met on time 1.
- Heat stress at facilitieshigh
A rising frequency of heatwaves could affect employee productivity, equipment operation and product quality 1.
- Water stressmedium
Water restrictions and quality deterioration could reduce production capacity at facilities that depend on water as a raw material 1.
- Changing consumer and retailer preferencesmedium
If products fail to adapt to sustainability standards, the company could lose shelf space and retailer orders 1.
Investment thesis
What would need to be true (bull case)
- The company has exceeded its original renewable electricity target, and its 2033 emissions reduction goal is already under way, which could reduce exposure to carbon taxes 1.
- Innovation in sustainable products and recent new range launches could strengthen shelf position and retailer relationships if demand keeps growing 1.
- The energy-efficiency programme and equipment modernisation could bring medium-term operating savings if investments are delivered as planned 1.
What would break the thesis
- Raw material and carbon costs in the supply chain could rise faster than forecasts cover, weighing on margins 1.
- Packaging and chemical regulations could impose cumulative compliance costs, especially for EU and UK operations 1.
- Heat and water physical risks are rising, and production disruptions could exceed existing adaptation measures 1.
What to watch
- Progress toward the emissions reduction target and use of renewable electricity2027
- Impact of raw material and carbon tax costs on marginsnext 10-K
- Application of CSRD and UK SRS requirements, applicable from 2028/292028
- Update of climate scenarios and revision of risk assessments2028
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
McBride plc, listed in London (MCB.L), manufactures and sells household cleaning and care products for retailers and brands across European markets. Its activity is organised across several production divisions, including liquids, powders and capsules, with industrial sites in several European countries 1. The annual report describes a product portfolio that must meet customer demands for sustainability.
The company operates through its own industrial sites and a supply chain of raw material suppliers, including chemicals, plastics and bio-based feedstocks for surfactants. Relationships with retailers and brands are central, since they influence product selection, shelf placement and promotions 1.
On climate, McBride pursues a structured emissions reduction programme aligned with SBTi targets, with renewable electricity and energy efficiency built into site indicators. Reporting follows the TCFD framework on a comply or explain basis 1.
Segments
Product divisions and manufacturing
The company reports products by division, such as liquids, powders and laundry capsules. Each division implements sustainability measures suited to its range, including reducing plastics, improving recyclability and increasing carton packaging 1.
European operations
Manufacturing is concentrated in continental Europe and the United Kingdom. Physical risk assessments cover eleven facilities for heat stress and water stress analysis 1.
Supply chain
The company works with its main suppliers to assess carbon maturity and reduce Scope 3 emissions, through reformulation with bio-based feedstocks and recycled packaging 1.
Market context
The European household cleaning market is shaped by increasingly strict requirements on content, packaging and eco-labelling, such as EU Ecolabel criteria. Retailers increasingly include sustainability criteria in purchasing decisions, which could mean lost business for products that fail the standards, but also market share gains through sustainable innovation 1.
The regulatory framework is changing quickly, with rules on packaging, chemicals and digital product passports, and divergence between the UK and EU regimes can create dual compliance burdens 1.
Trends
- Packaging and chemical regulationheadwind
Requirements in European packaging and chemical rules could raise compliance and reformulation costs. The company says these costs are built into its forecasts, which signals cost pressure if regulation accelerates 1.
- Demand for sustainable productstailwind
Retail customers increasingly ask for greener products, and McBride says demand remains steady and recent launches of new ranges address this need. If innovation succeeds, the company could gain market share 1.
- Raw material and energy costsheadwind
Raw material costs could rise because of carbon pricing in the supply chain and material scarcity. The company noted that near-term energy costs are partly protected through hedging, but the risk remains 1.
- Production efficiency and technologymixed
The shift to lower-emission technologies may require significant capital investment, but it can bring operating savings through more efficient processes and product compaction. Investments in new lines and energy-efficient equipment are already under way 1.
Competitive position
The reviewed sources do not explicitly name direct competitors. The annual report does indicate that McBride competes with other suppliers of cleaning products and private-label goods for retailers and brands, particularly on sustainability and innovation criteria 1.
Differentiation depends on the ability to meet sustainability standards and to innovate in packaging and formulations, in order to hold shelf space with retailers 1.
- European private-label cleaning product suppliers
Competition on packaging, formulations and sustainability criteria, offering products to retailers, drawn from the report context.
- Cleaning product brands
Brands selling similar products to retailers; the report mentions partnerships with brands without naming them.
- European detergent manufacturers
Competitors in the same product category, especially on chemical formulation rules.
- Sustainable packaging suppliers
Suppliers of recycled and carton packaging influence the company's product costs and innovation.
News & filings
In the press
- Republican misgenders McBride at candidate forum before removalThe Hill · 18 Sept 2026 · EN
- McBride H2 Earnings Call HighlightsYahoo Finance — News · 16 Sept 2026 · EN
- Live results: McBride seeks second term as Delaware’s lone House lawmakerThe Hill · 15 Sept 2026 · EN
- David McBride leaves prison on parole after being jailed for leaking Afghanistan war documentsThe Guardian World · 13 Aug 2026 · EN
Annual reports (ESEF)
- Annual report 202615 Oct 2026
- Annual report 202514 Oct 2025
Sources
- [1] Annual report, fiscal year ended 2026-06-30 (ESEF) · SEC / McBride plc · 30 Jun 2026
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.