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Employees: 915
Size Miquel y Costas & Miquel (MCM.MC) is a Spain Consumer Staples company (Tobacco) with a market value of $434M, the 87th largest of 97 Spain companies the cockpit tracks. Shares closed at €9.96 on 6 Nov 2026.
Performance Over six months the shares fell 28.9%, against -1.4% for the median peer and +8.2% for the Spain market (cap-weighted) — 2nd lowest of 14 in its peer set.
Growth Revenue fell 3.9% over the last twelve months (peer median +2.4%); the operating margin is 15.0% (peer median 21.4%).
Valuation It trades at 1.4× enterprise value to sales against a peer median of 2.9× (2nd cheapest of 14).
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 +3%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.2 points above its cost of capital (5.5% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €301M | €314M | €309M | €309M | €337M |
| Revenue growth | — | +2% | 0% | -8% | — |
| Gross profit | €121M | €107M | €114M | €110M | €149M |
| EBITDA | €67.6M | €68.5M | €75.9M | €73.3M | €57.8M |
| Net income | €39.4M | €45.1M | €48.7M | €42.7M | €31.6M |
| Free cash flow | €20.7M | €14.1M | €43.2M | €53.5M | -€18.8M |
| Capital expenditure | €28.5M | €44.1M | €24.7M | €17.3M | €31.8M |
| Total debt | n/a | €48.4M | €57.0M | €53.9M | €58.9M |
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.
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 | MCM.MC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -23.4% | +5.7% | lowest of 14 |
| 6-month return | -28.9% | -1.4% | 2nd lowest of 14 |
| Distance from 52-week high | -31.8% | -26.0% | 7th lowest of 14 |
| Revenue growth (TTM) | -3.9% | +2.4% | 2nd lowest of 14 |
| Operating margin | 15.0% | 21.4% | 4th lowest of 14 |
| EV / Sales | 1.4× | 2.9× | 2nd cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | -7.7% | 3.8% | 4th least demanding of 14 |
| Growth delivered (Del g) | +2.7% | +5.7% | 6th lowest of 14 |
| Hurdle (Req g minus delivered) | -10.5 pp | -7.9 pp | 5th least demanding of 14 |
| ROIC minus cost of capital | +2.2 pp | +8.4 pp | 5th lowest of 14 |
| EV / EBITDA | 6.1× | 11.2× | cheapest of 14 |
| Net debt / EBITDA | 0.4× | 0.5× | 7th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Miquel y Costas & Miquel MCM.MC | Spain | $434M | -29% | -4% | 15% | 1.4× | -7.7% | +2.7% |
| VST Industries VSTIND.NS | India | $349M | -25% | -2% | 22% | 2.0× | 9.5% | +5.7% |
| Scandinavian Tobacco Group A/S STG.CO | Denmark | $890M | +10% | -4% | 14% | 1.3× | -9.1% | +2.4% |
| Turning Point Brands TPB | United States | $1.32B | -29% | +20% | 17% | 2.7× | 11.0% | +2.7% |
| China Tobacco International (HK) 6055.HK | Hong Kong | $2.31B | -12% | -20% | 10% | 1.4× | 4.1% | +33.1% |
| Godfrey Phillips India GODFRYPHLP.NS | India | $2.96B | -24% | +1% | 21% | 4.6× | 27.1% | +20.6% |
| Smoore International 6969.HK | Hong Kong | $6.61B | -19% | +25% | 7% | 2.3× | 28.7% | +6.6% |
| KT&G 033780.KS | South Korea | $14.5B | +7% | +11% | 21% | 2.9× | -4.2% | +5.4% |
| Imperial Brands IMB.L | United Kingdom | $29.9B | +5% | +5% | 19% | 1.7× | -9.3% | +2.7% |
| ITC ITC.NS | India | $37.5B | -8% | -2% | 30% | 4.3× | 13.2% | +9.8% |
| Japan Tobacco 2914.T | Japan | $70.6B | +9% | +13% | 25% | 3.1× | -5.3% | +10.6% |
| Altria MO | United States | $127B | +13% | +2% | 75% | 7.2× | -10.9% | -0.7% |
| British American Tobacco p.l.c BATS.L | United Kingdom | $132B | -1% | +1% | 38% | 5.1× | 3.8% | -0.1% |
| Philip Morris International PM | United States | $308B | +17% | +8% | 38% | 8.2× | -0.8% | +7.2% |