Miquel y Costas & Miquel, S.A.

Miquel y Costas & Miquel, S.A.

9.76
EUR
-0.12
(-1.21%)
423.69MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.08
4.41
4.94
5.07
5.54
6.15
6.4
6.84
7.68
8.72
8.06
8.12
8.31
- -
Basic EPS, GAAP
0.58
0.54
0.68
0.76
0.85
0.88
0.96
1.12
1.3
0.82
1.11
1.28
1.19
- -
Free Cash Flow per Basic Share
0.09
0.45
0.47
0.59
0.86
0.3
0.41
1.37
1.03
-0.49
1.38
1.13
0.32
- -
Dividend per Share
0.13
0.14
0.16
0.19
0.23
0.27
0.33
0.43
0.4
0.42
0.45
0.47
0.49
- -
Book Value per Share
4.53
4.83
5.25
5.71
6
6.51
6.93
7.43
8.24
8.58
9.29
10.14
10.83
8.33
Tangible Book Value per Share
4.48
4.79
5.21
5.67
5.97
6.47
6.86
7.35
8.16
8.41
9.12
9.98
10.64
8.24
Basic Weighted Avg Shares
47
46
45
45
44
42
41
40
39
39
38
38
38
45
Sales/Revenue/Turnover
190
203
223
228
243
259
263
274
301
337
309
309
314
- -
Operating Margin (%)
15.29
13.63
16.46
18.67
19.05
18.75
19.17
21.27
22.05
12.48
17.9
19.46
17.36
- -
Depreciation Expense
16
17
16
16
15
16
18
18
18
19
20
20
21
- -
Net Income, GAAP
27
25
31
34
37
37
39
45
51
32
43
49
45
- -
Effective Tax Rate (%)
14.29
17.43
24.58
22.86
22.74
24.93
23.2
22.97
24.26
22.95
24.47
23.34
22.15
- -
Profit Margin (%)
14.24
12.17
13.72
15.03
15.26
14.38
14.93
16.37
16.86
9.38
13.81
15.75
14.36
- -
Working Capital
63
57
69
73
92
126
121
137
148
142
151
149
139
166
LT Debt
68
48
53
44
61
66
54
49
42
37
30
41
34
57
Total Equity
211
219
236
253
254
270
281
294
323
330
355
385
407
326
Return on Invested Capital (%)
9.07
7.93
9.36
10.55
11.18
11.16
11.13
12.61
13.55
8.42
10.43
10.89
9.5
- -
Return on Capital (%)
10.16
8.78
10.57
11.25
11.7
11.12
11.27
12.6
13.69
8.23
10.74
11.48
10.08
- -
Return on Common Equity (%)
13.44
11.5
13.48
14.01
14.62
14.23
14.25
15.63
16.48
9.69
12.47
13.16
11.38
- -

Capital Structure

EUR

•

in mil. unless spec.
Sep'21
Dec'21
Jun'22
ST Debt
- -
16
10
LT Borrowings
58
42
57
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
39
39
39
Market Capitalization
404
442
424

Working Capital

EUR

•

in mil. unless spec.
Sep'21
Dec'21
Jun'22
Total Current Assets
- -
232
252
Cash, Cash Equivalents & STI
90
81
74
Accounts Receivable, Net
- -
56
70
Inventories
- -
89
97
Total Current Liabilities
- -
84
86
Payables & Accruals
- -
- -
- -
ST Debt
- -
16
10
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.63%
6.77%
5.62%
Free Cash Flow
-38.02%
-128.49%
-72.25%
Net Income, GAAP
5.73%
3.41%
-7.44%
Sales/Revenue/Turnover
3.61%
3%
1.51%
Total Cash Common Dividend
10.17%
1.49%
3.64%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
309
2024
- -
- -
309
2025
- -
- -
314

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1.11
2024
- -
- -
1.28
2025
- -
- -
1.19

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.45
2024
- -
- -
0.47
2025
- -
- -
0.49

Company Description

CEO
Jorge Mercader Barata
Full Time Employees
915
Sector
Consumer non-durables
Industry
Tobacco
Address
Tusset, nº 8-10 Barcelona CT Spain 08006
IPO Date
Jan 18, 2005
Business
Miquel y Costas & Miquel, S.A. (MCM.MC) manufactures and distributes specialty papers and technical films primarily for the tobacco, labeling, packaging, and industrial sectors. The company produces cigarette papers, including porous plug wrap, tipping base, and bands under brands such as Miquel; self-adhesive labels and packaging films; and technical papers for filtration and other applications. It also offers services in paper recycling and customized industrial solutions. Founded in 1907 and headquartered in Barcelona, Spain, the company operates production facilities in Spain, France, and Mexico, serving global markets with a focus on Europe, North America, and Latin America. Miquel y Costas & Miquel serves major tobacco manufacturers, packaging firms, and industrial clients through its subsidiaries, including Miquel y Costas Paper, S.L., and maintains a vertically integrated model from pulp processing to finished products. Its business segments encompass tobacco-related products, which account for the majority of revenue, alongside flexible packaging and specialty industrial papers. In recent developments within the last two years, the company expanded its sustainable packaging offerings with new biodegradable films and strengthened partnerships in the tobacco sector amid regulatory shifts toward reduced-risk products. It completed a strategic acquisition of a Mexican facility in 2024 to bolster Latin American operations and announced a funding round for green technology investments in early 2025. No major name changes or reorganizations have occurred recently.