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The world's largest rice company and a major global pasta producer, selling branded rice and pasta worldwide.
The world's largest rice company and a major global pasta producer, selling branded rice and pasta worldwide.
Buys rice from growers, mills and packs it, then sells under its own brands and as private label for supermarkets; pasta is the second line, and growth has come largely through buying regional brands. Most sales come from outside Spain, with North America and Europe the key markets.
In one line: The world's largest rice company, also a major global pasta producer.
Moat: narrow (scale, brand, distribution). World's largest rice processing/milling scale plus a portfolio of leading regional rice and pasta brands.
Headquarters: Madrid, Spain · Founded: 2001 · Employees: 6,586
Size Ebro Foods (EBRO.MC) is a Spain Consumer Staples company (Agricultural Commodities/Milling) with a market value of $3.12B, the 39th largest of 97 Spain companies the cockpit tracks. Shares closed at €18.08 on 6 Nov 2026.
Performance Over six months the shares gained 0.8%, against -16.1% for the median peer and +8.2% for the Spain market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue fell 4.4% over the last twelve months (peer median +9.4%); the operating margin is 10.2% (peer median 5.0%).
Valuation It trades at 13.2× forward earnings against a peer median of 16.5× (5th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.9 points above its cost of capital (5.4% WACC).
Next results Next results expected around 1 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €2.96B | €3.01B | €3.14B | €3.08B | €2.97B |
| Revenue growth | — | -4% | +2% | +4% | — |
| Gross profit | €929M | €940M | €920M | €856M | €820M |
| EBITDA | €415M | €417M | €411M | €385M | €332M |
| Net income | €222M | €215M | €208M | €187M | €123M |
| Free cash flow | €237M | €149M | €140M | €337M | -€133M |
| Capital expenditure | €130M | €135M | €149M | €142M | €119M |
| Total debt | n/a | €526M | €510M | €634M | €734M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Ebro Foods EBRO.MC | $3.12B | +1% | -4% | 10% | 13.2× | -7.7% |
| General Mills GIS | $19.0B | +2% | -4% | 15% | 11.4× | -6.7% |
| Olam VC2.SI | $2.55B | -29% | -40% | 2% | 17.6× | -3.7% |
| KRBL KRBL.NS | $990M | +8% | 0% | 16% | 12.1× | 4.2% |
| LT Foods LTFOODS.NS | $1.55B | -3% | +24% | 8% | 12.8× | 25.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | EBRO.MC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.7% | +0.8% | 9th lowest of 21 |
| 6-month return | +0.8% | -16.1% | 8th highest of 21 |
| Distance from 52-week high | -7.9% | -24.2% | 4th highest of 21 |
| Revenue growth (TTM) | -4.4% | +9.4% | 4th lowest of 21 |
| Operating margin | 10.2% | 5.0% | 3rd highest of 21 |
| Forward P/E | 13.2× | 16.5× | 5th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -7.7% | -1.1% | 3rd least demanding of 12 |
| Growth delivered (Del g) | +4.4% | +11.6% | lowest of 12 |
| Hurdle (Req g minus delivered) | -12.1 pp | -13.2 pp | 5th most demanding of 12 |
| ROIC minus cost of capital | +2.9 pp | +0.6 pp | 8th highest of 21 |
| EV / EBITDA | 7.5× | 8.4× | 5th cheapest of 12 |
| Net debt / EBITDA | 0.7× | 1.5× | 4th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ebro Foods EBRO.MC | Spain | $3.12B | +1% | -4% | 10% | 13.2× | -7.7% | +4.4% |
| Cal-Maine Foods CALM | United States | $3.02B | -15% | -43% | 1% | n/a | n/a | n/a |
| First Resources Ltd. (Singapore) EB5.SI | Singapore | $3.27B | -26% | +51% | 30% | 7.6× | -7.1% | +19.0% |
| Fujian Sunner Development 002299.SZ | China | $3.28B | -7% | +13% | 5% | 19.1× | -1.0% | +7.9% |
| Jiangsu Lihua Animal Husbandry 300761.SZ | China | $2.94B | +2% | +7% | 3% | 29.1× | 4.0% | +16.8% |
| Schouw & SCHO.CO | Denmark | $2.90B | +30% | -1% | 4% | 15.1× | -3.3% | +9.9% |
| Seaboard SEB | United States | $3.38B | -22% | +7% | 3% | n/a | n/a | n/a |
| Godrej Industries GODREJIND.NS | India | $3.41B | -22% | +17% | 8% | n/a | n/a | n/a |
| Nichirei 2871.T | Japan | $3.42B | +13% | +10% | 5% | 24.2× | 2.4% | +4.6% |
| Golden Agri-Resources E5H.SI | Singapore | $2.68B | -18% | +9% | 6% | 4.2× | -13.7% | +11.6% |
| Heilongjiang Agriculture 600598.SS | China | $3.66B | -18% | -12% | 24% | 59.7× | n/a | n/a |
| Yunnan Shennong Agricultural Industry 605296.SS | China | $2.60B | +10% | +2% | -19% | n/a | n/a | n/a |
| Fujian Wanchen Food 300972.SZ | China | $3.86B | -43% | +46% | 7% | 9.9× | -18.7% | +157.9% |
| Curaleaf CURA.TO | Canada | $2.50B | -18% | +5% | 1% | n/a | n/a | n/a |
| Cofco Sugar 600737.SS | China | $3.94B | -18% | -29% | 6% | 22.9× | n/a | n/a |
| Nisshin Seifun 2002.T | Japan | $3.94B | +14% | +3% | 5% | 15.4× | -1.1% | +4.9% |
| Fuji Oil 2607.T | Japan | $2.46B | +36% | +10% | 5% | 15.2× | 0.9% | +16.2% |
| Jiangxi Zhengbang Technology 002157.SZ | China | $3.97B | -17% | +15% | -10% | n/a | n/a | n/a |
| AWL Agri Business AWL.NS | India | $2.30B | -21% | +18% | 2% | 17.6× | 13.4% | +15.0% |
| B.F BFG.MI | Italy | $2.29B | +56% | +30% | -2% | 84.3× | n/a | n/a |
| Ldc LOUP.PA | France | $4.35B | -6% | +15% | 6% | 11.7× | -7.7% | +10.5% |