MHP SE MHPSL

Consumer StaplesFood & TobaccoCyprus

Last close 10.51 USD on Nov 2, 2026, – year to date

Quant rating

Quant rating D Rank 171 of 174 in Consumer Staples

Growth D 138 of 174
Valuation C 115 of 174
Quality C 118 of 174
Revisions D 144 of 174
Momentum D 174 of 174

Historical valuation

Valuation history unavailable.

Key data

Market cap: 534M
Enterprise value: 2.8B
52-week range: – – –
3-year range: – – –
Dividend yield: –
Beta (5 years): –
Shares outstanding: 107M
Next earnings: –

About the company

MHP SE is a Cyprus-based company that operates as an agro-industrial holding focused on poultry production, meat processing, grain cultivation, and related agricultural processing activities. The Company operates through poultry and related operations, grain growing operations, and other agricultural operations. Its activities include the production and sale of chicken and processed meat products, sunflower and soybean oil, mixed fodder, and agricultural crops cultivated for internal use and third-party sales. The Company also operates feed mills, oil processing facilities, grain storage infrastructure, and farms focused on cattle, goose, and fruit production. The Company conducts its operations primarily in Ukraine and international markets through its integrated agricultural and food production business.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	3,766	3,046	3,021	2,642	2,372	–
Revenue growth	23.6%	0.8%	14.3%	11.4%	24.1%	14.5%
EPS (basic, normalized)	–	–	–	–	3.54	–
EPS growth	–	–	–	–	–	–
Gross margin	23.0%	23.4%	22.7%	27.9%	23.6%	24.1%
Net margin	4.6%	5.1%	4.8%	−8.5%	16.0%	4.4%
ROE	8.5%	8.9%	9.7%	−14.1%	25.2%	7.6%

Balance sheet, last quarter
Cash & short-term investments (mil)	348
Current ratio	1.87x
Long-term debt (mil)	1,917
Net debt (mil)	2,296
Total equity (mil)	2,008
Net debt / equity	1.14x
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	3,766	+23.6%	0.8x	–	–	–	–	–	–

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	–	–	–	–	–	–	–	–
2027	–	–	–	–	–	–	–	–
2028	–	–	–	–	–	–	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	553	595	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Food & Tobacco

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
MHPSL MHP SE	534M	–	4.6%	0.27x	–	–	–	–
AAYYY Australian Agricultural Company Limited	568M	–	25.4%	0.45x	949.5x	604.2x	17.2x	15.8x
LASa Lassonde Industries Inc.	566M	1.59x	5.1%	1.46x	9.9x	9.7x	3.6x	3.5x
UELKY Ulker Biskuvi Sanayi AS	565M	2.21x	4.4%	0.55x	40.6x	21.9x	3.7x	2.8x
PPLFY Perusahaan Perkebunan London Sumatra Indonesia Tbk PT	540M	−3.28x	34.2%	0.68x	260.6x	252.0x	0.6x	0.6x
HLF High Liner Foods Inc	537M	3.55x	3.6%	1.31x	9.1x	13.2x	6.5x	8.1x
Mean		1.02x	12.9%	0.79x	253.9x	180.2x	6.3x	6.2x
Median		1.90x	4.9%	0.62x	40.6x	21.9x	3.7x	3.5x

Technical analysis

1M–
3M–
1Y–
3Y–

Price history unavailable.

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, MHP SE, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	3,766	3,046	3,021	2,642	2,372	1,911
Cost of revenue	2,898	2,333	2,334	1,906	1,813	1,544
Gross profit	868	713	687	736	560	367
Selling, general & administrative expenses	428	324	243	234	206	170
Research & development	–	–	–	–	–	–
Depreciation/amortization	33.0	24.0	20.0	18.2	20.5	17.7
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	−4.0	−75.7	65.5	217	−165	−28.8
Other operating expenses	35.0	6.3	19.5	11.9	−7.9	6.9
Operating income	376	434	339	255	506	201
Net interest income (expense)	−164	−267	−166	−514	−101	−336
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	3.0	0	0.1	−1.1	−1.6
Net income before taxes	212	170	173	−259	404	−137
Provision for taxes	25.0	5.0	31.0	−28.1	6.9	−5.1
Minority interest	−12.0	−10.0	2.0	5.4	−17.8	−3.4
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	175	155	144	−226	379	−135
Extraordinary items	–	–	–	0	−3.5	−1.5
Net income	175	155	144	−226	376	−137
EBIT, normalized	396	380	424	485	341	172
EBITDA, normalized	653	575	600	644	543	366
Basic EPS, normalized	–	–	–	–	3.54	–

Balance sheet in millions of USD, fiscal years

Balance sheet, MHP SE, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	432	356	442	312	283	230
Receivables	415	274	228	262	233	243
Total inventory	820	550	504	590	583	416
Prepaid expenses	69.0	47.0	28.0	29.9	44.6	16.8
Other current assets	428	438	386	361	511	269
Total current assets	2,164	1,665	1,588	1,556	1,655	1,174
Property, plant & equipment	3,019	2,598	2,149	2,100	2,244	1,912
Goodwill	121	65.0	62.0	59.8	66.4	70.6
Intangibles	106	66.0	75.0	79.6	97.8	96.8
Long-term investments	22.0	23.0	3.0	4.0	15.7	9.1
Note receivable	13.0	8.0	7.0	6.9	22.9	18.6
Other long-term assets	0	1.0	2.0	2.4	2.0	1.8
Total assets	5,445	4,426	3,886	3,809	4,104	3,283
Liabilities
Accounts payable	277	147	142	123	174	150
Payable/accrued	–	–	–	–	–	–
Accrued expenses	144	112	99.0	114	90.2	80.7
Short-term debt	273	165	103	152	0	0
Current portion of long-term debt	857	185	466	89.1	199	102
Other current liabilities	80.0	56.0	40.0	54.5	66.3	42.6
Total current liabilities	1,631	665	850	533	529	375
Long-term debt	1,350	1,583	1,305	1,665	1,685	1,572
Minority interest	52.0	26.0	10.0	18.3	29.8	16.4
Other liabilities	250	212	164	166	95.8	81.6
Total liabilities	3,283	2,486	2,329	2,381	2,339	2,045
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	285	285	285	285	285	285
Additional paid-in capital	174	174	174	174	174	174
Retained earnings (accumulated deficit)	2,337	2,052	1,793	1,559	1,557	1,195
Treasury stock	−45.0	−45.0	−45.0	−44.6	−44.6	−44.6
Other equity	−589	−526	−650	−545	−207	−371
Total equity	2,162	1,940	1,557	1,427	1,764	1,238
Total liabilities & shareholders' equity	5,445	4,426	3,886	3,809	4,104	3,283

Cash flow statement in millions of USD, fiscal years

Cash flow statement, MHP SE, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	212	149	173	−259	404	−137
Depreciation, depletion & amortization	265	192	169	159	193	192
Deferred taxes	–	–	–	–	–	–
Non-cash items	126	164	225	709	−75.5	319
Changes in working capital	−332	−259	−129	−471	−396	−304
Cash from operations	271	246	438	138	125	70.7
Investing activities
Capital expenditures	−293	−305	−225	−181	−167	−86.8
Other investing cash flows	−248	−28.0	−3.0	6.9	66.9	−41.8
Cash from investing	−541	−333	−228	−174	−100.0	−129
Financing activities
Financing cash flow items	–	0	−2.0	−1.6	−10.8	−0.9
Cash dividends paid	–	–	–	0	−60.0	−30.0
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	298	17.0	−84.0	58.3	106	−20.8
Cash from financing	298	17.0	−86.0	56.7	34.7	−51.7
Foreign exchange effects	32.0	−11.0	12.0	4.4	−1.9	−13.5
Net change in cash	60.0	−81.0	136	25.3	57.7	−123
Free cash flow	−22.0	−59.0	213	−42.8	−42.1	−16.2

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.