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UK-listed company growing and processing palm oil on plantations across Indonesia.
UK-listed company growing and processing palm oil on plantations across Indonesia.
Sells crude palm oil and palm kernel products at prices set by the global palm oil market, so earnings track that price against its costs of growing and processing. It mills its own fruit near the plantations, since palm fruit must be processed within hours of harvest. Its estates are in Sumatra and Kalimantan.
In one line: A UK-listed emerging-market palm oil planter.
Moat: narrow (scale, installed base). Owns mature Indonesian plantation land banks that take years to establish.
Headquarters: Edenbridge, UK · Employees: 12,900
Size M.P. Evans (MPE.L) is a United Kingdom Consumer Staples company (Agricultural Commodities/Milling) with a market value of $1.20B, the 206th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £1,716 on 6 Nov 2026.
Performance Over six months the shares fell 5.4%, against -11.8% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 1.4% over the last twelve months (peer median +0.7%); the operating margin is 39.0% (peer median 3.6%).
Valuation It trades at 9.7× forward earnings against a peer median of 12.4× (4th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about -10% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is -25 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 13.2 points above its cost of capital (7.8% WACC).
Next results Next results expected around 23 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £289M | £282M | £276M | £247M | £265M |
| Revenue growth | — | +2% | +12% | -7% | — |
| Gross profit | £118M | £108M | £91.2M | £63.1M | £88.7M |
| EBITDA | £133M | £124M | £107M | £78.3M | £103M |
| Net income | £92.0M | £84.4M | £68.8M | £42.2M | £59.3M |
| Free cash flow | £92.5M | £86.9M | £90.2M | £37.0M | £56.2M |
| Capital expenditure | £18.2M | £18.7M | £16.9M | £30.8M | £27.5M |
| Total debt | n/a | £0 | £26.4M | £42.7M | £40.8M |
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 |
|---|---|---|---|---|---|---|
| M.P. Evans MPE.L | $1.20B | -5% | +1% | 39% | 9.7× | -9.7% |
| AEP Plantations AEP.L | $757M | -26% | +7% | 21% | 6.7× | -13.7% |
| Wilmar International F34.SI | $14.5B | -19% | +6% | 3% | 10.2× | n/a |
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 | MPE.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.1% | -3.1% | 2nd lowest of 21 |
| 6-month return | -5.4% | -11.8% | 8th highest of 21 |
| Distance from 52-week high | -24.1% | -24.6% | 10th highest of 21 |
| Revenue growth (TTM) | +1.4% | +0.7% | 10th highest of 21 |
| Operating margin | 39.0% | 3.6% | highest of 21 |
| Forward P/E | 9.7× | 12.4× | 4th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -9.7% | 11.5% | least demanding of 9 |
| Growth delivered (Del g) | +15.6% | +8.9% | 2nd highest of 9 |
| Hurdle (Req g minus delivered) | -25.3 pp | +6.9 pp | 2nd least demanding of 9 |
| ROIC minus cost of capital | +13.2 pp | -4.1 pp | highest of 21 |
| EV / EBITDA | 6.1× | 10.9× | 2nd cheapest of 11 |
| Net debt / EBITDA | -0.6× | 2.1× | 3rd least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| M.P. Evans MPE.L | United Kingdom | $1.20B | -5% | +1% | 39% | 9.7× | -9.7% | +15.6% |
| Leshan Giantstar Farming & Husbandry 603477.SS | China | $1.19B | -19% | -2% | -15% | n/a | n/a | n/a |
| Shandong Denghai Seeds 002041.SZ | China | $1.19B | -12% | -1% | 3% | 58.9× | 23.5% | +4.2% |
| Godrej Agrovet GODREJAGRO.NS | India | $1.23B | +3% | +9% | 6% | 21.7× | 15.1% | +10.3% |
| Dekon Food And Agriculture 2419.HK | Hong Kong | $1.16B | -16% | -10% | -6% | n/a | -5.0% | +22.4% |
| Great Wall Enterprise 1210.TW | Taiwan | $1.28B | -4% | +2% | 4% | 12.0× | n/a | n/a |
| Del Monte DMC | United States | $1.29B | -27% | +1% | 4% | 12.1× | n/a | n/a |
| Adecoagro AGRO | United States | $1.30B | -31% | +7% | 2% | 5.3× | 37.5% | +12.1% |
| Fujian Aonong Biological Technology Group Incorporation 603363.SS | China | $1.09B | -21% | +12% | -8% | n/a | n/a | n/a |
| Xinjiang Guannong 600251.SS | China | $1.09B | -27% | -32% | -4% | 9.4× | n/a | n/a |
| Beijing Shunxin Agriculture 000860.SZ | China | $1.36B | -4% | -20% | -5% | n/a | n/a | n/a |
| China Modern Dairy 1117.HK | Hong Kong | $1.37B | +3% | +5% | -15% | 12.5× | n/a | n/a |
| Avanti Feeds AVANTIFEED.NS | India | $1.02B | -51% | +11% | 9% | 22.3× | 17.1% | +8.0% |
| Mission Produce AVO | United States | $1.02B | -11% | -6% | 4% | 16.4× | n/a | n/a |
| Juewei Food 603517.SS | China | $1.01B | -13% | -8% | 3% | 31.3× | n/a | n/a |
| KRBL KRBL.NS | India | $990M | +8% | 0% | 16% | 12.1× | 4.2% | +8.8% |
| Kernel KER.WA | Poland | $1.47B | 0% | -1% | 5% | 5.4× | 8.0% | -5.4% |
| Gansu Yasheng Industrial (Group) 600108.SS | China | $961M | -24% | -1% | 2% | n/a | n/a | n/a |
| Balrampur Chini Mills BALRAMCHIN.NS | India | $1.50B | +28% | +11% | 9% | 19.5× | n/a | n/a |
| Elders ELD.AX | Australia | $955M | -12% | +11% | 4% | 12.3× | 5.6% | +8.9% |
| Hainan Shennong Seed Industry Technology 300189.SZ | China | $946M | -11% | +17% | 4% | n/a | n/a | n/a |