Miquel y Costas & Miquel MCM.MC
SpainBasic Materials · Paper & Paper ProductsBolsa de Madrid (BME) · EUR
0.00 EUR (−100.0%)
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Miquel y Costas & Miquel is a Spanish manufacturer of fine and specialty papers, with international presence, selling to sectors such as tobacco, the graphic industry, and technical applications.
Listed on Bolsa de Madrid (BME) · Symbol MCM.MC · BME: MCM · Currency EUR
Key points
from its scores- ✓Very solid balance sheet8.0
- ✓Attractive dividend8.0
- ✓Favourable backdrop7.8
- ✕Poor share-price trend2.2
- ✕Weak growth2.5
AI analysis
bottom line, main risk, context and newsThe stock is supported by its balance sheet and dividend, but the lack of growth and weak cash generation do not justify increasing the position until results improve.
MCM has a very solid balance sheet (ND/EBITDA 0.40, liquidity 3.23) and an attractive dividend yield (3.51% net), but the business shows weakness: earnings are down 22.6% and cash conversion is very low (10.93%), which weighs on its quality and growth.
The main risk is operational weakness: the 22.6% drop in earnings and low cash conversion (10.93%) could indicate structural business deterioration that the low P/E (12.48) is not reflecting.
Context and risks
Spanish paper company, an industrial sector with exposure to European energy costs (TTF gas), which is not reflected in the oil price. Weak earnings growth and low cash conversion (10.93%) suggest margin pressure, although its low leverage (ND/EBITDA 0.40) limits financial risk.
Is Miquel y Costas & Miquel stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 30% below the Basic Materials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 12.5 | 19.2 | −35% |
| EV / EBITDA | 7.4 | 10.0 | −25% |
| Price / book | 1.2 | 2.3 | −47% |
| Price / sales | 1.6 | 2.2 | −26% |
Sector: median of the 141 Basic Materials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.8 out of 10 (median for Basic Materials: 5.8).
Average analyst target: 0.00 EUR, −100.0% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 8.0 (sector 7.1), Growth 2.5 (sector 6.8).
Classic formulas with standard assumptions (5.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Basic Materials medianValuation
- P/E
- 12.5
- EV / EBITDA
- 7.4
- Price / book
- 1.2
- Price / sales
- 1.6
- PEG
- 2.26
- Market cap
- 488.4M EUR
- Enterprise value
- 518.8M EUR
Profitability
- ROE
- 9.7%
- ROA
- 5.8%
- ROIC (approx.)
- 9.4%
- Gross margin
- 62.2%
- Operating margin
- 14.3%
- Net margin
- 13.1%
- Free cash flow
- 7.6M EUR
- FCF yield
- 1.6%
- Cash conversion
- 11%
Solvency
- Total debt
- 50.2M EUR
- Net debt
- 28.2M EUR
- Cash
- 22.0M EUR
- EBITDA
- 69.7M EUR
- Net debt / EBITDA
- 0.40
- Debt / equity
- 12.18
- Current ratio
- 3.23
- Quick ratio
- 1.36
Growth
- Revenue growth
- −0.2%
- Earnings growth
- −22.6%
- EPS (TTM)
- 1.05 EUR
Dividend
- Dividend yield
- 3.5%
- Payout
- 46.9%
Risk and market
- Beta
- 0.15
- Analyst consensus
- none (0)
- Target price
- 0.00 EUR
- 52-week range
- 12.60 – 14.60
Recent news
All MCM.MC news →Compare it with its sector
All 141 in Basic Materials →Frequently asked questions about Miquel y Costas & Miquel
Is Miquel y Costas & Miquel stock cheap or expensive?
On P/E and EV / EBITDA, it trades 30% below the Basic Materials median on average. Valuation score: 6.8 out of 10 (median for Basic Materials: 5.8). Average analyst target: 0.00 EUR, −100.0% versus the price. This is not investment advice.
What score does Miquel y Costas & Miquel get on MeridIAn Screener?
It scores 6.0 out of 10, rank 1,000 of 2,130 (better than 51% of the companies analysed). Its strongest category is Financial health (8.0) and its weakest, Momentum (2.2). Analysis of 08/10/2026.
What is Miquel y Costas & Miquel's P/E ratio?
Its P/E is 12.5: the share price equals 12.5 times earnings per share over the last 12 months. The Basic Materials median is 19.2.
How much is Miquel y Costas & Miquel worth on the stock market?
Its market capitalisation is 488.4M EUR and its enterprise value, debt included, is 518.8M EUR.
How much debt does Miquel y Costas & Miquel have?
Its net debt (debt minus cash) is 28.2M EUR. That is 0.40 times its EBITDA; the Basic Materials median is 1.41.
Does Miquel y Costas & Miquel pay a dividend?
Yes: its dividend yield is 3.51% and it pays out 47% of its earnings.
How has Miquel y Costas & Miquel stock performed over the last year?
It has fallen 4.6% over the last year, excluding dividends. Over the last 52 weeks it has traded between 12.60 and 14.60 EUR. Past performance does not guarantee future results.