Universal Robina Corp UVRBY

Consumer StaplesFood & TobaccoPhilippines

Last close 9.00 USD on Nov 1, 2026, +6.0% year to date

Quant rating

Quant rating B Rank 55 of 174 in Consumer Staples

Growth B 37 of 174
Valuation B 56 of 174
Quality B 53 of 174
Revisions B 57 of 174
Momentum C 117 of 174

Wall Street consensus Buy (2.44)Average target 1.21 USD −86.5%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 2.0B
Enterprise value: 2.2B
52-week range: 7.42 – 11.15
3-year range: 7.42 – 19.79
Dividend yield: 3.85%
Beta (5 years): –
Shares outstanding: 2,115M
Next earnings: Nov 4, 2026

About the company

Universal Robina Corporation is a branded consumer food and beverage product company. The Company is engaged in a range of food-related businesses, including the manufacture and distribution of branded consumer foods, production of hogs and poultry, manufacture of animal feeds and veterinary products, flour milling, and sugar milling and refining. Its segments include Branded Consumer Foods (BCF), Animal Nutrition and Health (ANH), and Commodities. The BCF segment manufactures, distributes, sells and markets a mix of food and beverage products. The Company’s ANH division focuses on animal nutrition through its core animal feeds business, its pet food portfolio, and its drugs and disinfectants segments. The Commodities segment operates through three divisions: SURE, which consists of sugar, distillery, and cogeneration; Flour, which engages in flour milling and pasta manufacturing, and Others, which include packaging and farms.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	2,857	2,787	2,848	2,679	2,294	–
Revenue growth	2.5%	−2.1%	6.3%	16.8%	−2.7%	3.9%
EPS (basic, normalized)	0.08	0.09	0.10	0.12	0.20	–
EPS growth	−15.7%	−5.8%	−14.4%	−42.1%	–	–
Gross margin	26.4%	27.2%	27.1%	26.1%	28.6%	27.1%
Net margin	6.1%	7.5%	7.7%	9.3%	10.3%	8.2%
ROE	8.4%	10.2%	10.4%	12.4%	11.9%	10.7%

Balance sheet, last quarter
Cash & short-term investments (mil)	220
Current ratio	1.51x
Long-term debt (mil)	35.8
Net debt (mil)	241
Total equity (mil)	2,070
Net debt / equity	0.12x
Net debt / EBITDA	0.65x

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	2,857	+2.5%	0.8x	368	−7.7%	6.0x	0.08	−15.7%	113.2x
2026	2,798	−2.1%	0.8x	371	+0.9%	5.9x	0.09	+10.9%	102.0x
2027	2,924	+4.5%	0.8x	389	+4.9%	5.6x	0.09	+5.4%	96.8x
2028	3,034	+3.8%	0.7x	416	+6.8%	5.3x	0.10	+9.8%	88.2x

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	2,798	0.0%	−0.2%	−1.7%	0.09	0.0%	+1.4%	−1.1%
2027	2,924	0.0%	−0.1%	−2.1%	0.09	0.0%	−1.7%	−4.7%
2028	3,034	0.0%	+0.6%	–	0.10	0.0%	+0.9%	–

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	42,581	38,322	38,137	42,983	45,266	40,620	38,737	43,386	–	–
Sales mean (mil)	–	38,822	–	42,982	–	38,322	–	43,394	–	–
Surprise	–	−1.3%	–	0.0%	–	+6.0%	–	0.0%	–	–
EPS reported	1.90	1.13	0.66	1.69	1.89	1.04	1.03	0.80	1.85	1.38
EPS mean	1.62	1.74	1.51	1.11	1.51	1.56	1.37	1.01	–	1.18
Surprise	+17.3%	−35.1%	−56.4%	+52.7%	+25.4%	−33.3%	−24.7%	−20.2%	–	+16.7%

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
UVRBY Universal Robina Corp	2.0B	0.65x	6.1%	1.00x	102.0x	96.8x	5.9x	5.6x
ANDE Andersons Inc	2.2B	2.59x	0.9%	1.66x	10.2x	9.8x	6.8x	6.7x
NISUY Nissui Corp	2.2B	4.05x	3.0%	1.10x	119.9x	110.6x	8.5x	7.9x
UTZ Utz Brands, Inc.	2.1B	6.54x	0.1%	2.95x	18.4x	17.2x	15.0x	14.4x
RLX RLX Technology Inc	2.0B	−14.99x	21.6%	0.84x	12.1x	10.4x	5.3x	4.1x
GDNGY Gudang Garam Tbk PT	1.7B	−1.47x	1.7%	0.49x	41.6x	35.4x	3.1x	2.8x
Mean		−0.44x	5.5%	1.34x	50.7x	46.7x	7.5x	6.9x
Median		1.62x	2.3%	1.05x	30.0x	26.3x	6.4x	6.1x

Technical analysis

1M−4.1%
3M−3.7%
1Y−12.8%
3Y−50.2%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Universal Robina Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	2,857	2,787	2,848	2,679	2,294	2,357
Cost of revenue	2,104	2,029	2,076	1,980	1,637	1,637
Gross profit	754	758	772	699	656	720
Selling, general & administrative expenses	466	460	444	409	388	411
Research & development	–	–	–	–	–	–
Depreciation/amortization	13.3	11.7	13.5	15.7	18.7	19.9
Interest expense (income), operating	–	–	–	–	0.1	0.1
Unusual expense (income)	–	–	–	–	–	–
Other operating expenses	0	0	0	0	0	0
Operating income	274	287	314	274	249	289
Net interest income (expense)	−17.3	−8.6	−19.6	−7.9	4.7	−8.5
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−28.0	−5.7	−10.9	47.7	31.2	−21.1
Net income before taxes	229	272	283	313	285	260
Provision for taxes	44.7	52.7	53.7	53.8	31.0	41.1
Minority interest	−10.3	−11.9	−11.1	−9.3	−18.1	−18.3
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	174	208	219	250	236	201
Extraordinary items	−0.6	−7.0	−0.3	0.4	221	23.3
Net income	173	201	218	251	457	224
EBIT, normalized	274	287	314	274	249	290
EBITDA, normalized	374	370	426	383	384	441
Basic EPS, normalized	0.08	0.09	0.10	0.12	0.20	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Universal Robina Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	196	218	238	253	343	402
Receivables	405	378	441	423	360	367
Total inventory	649	692	830	687	560	549
Prepaid expenses	68.6	155	107	76.4	57.2	47.4
Other current assets	0	0	0	0	0	0
Total current assets	1,318	1,444	1,616	1,440	1,321	1,366
Property, plant & equipment	1,245	1,146	1,153	1,120	1,152	1,357
Goodwill	375	340	334	348	368	650
Intangibles	100	93.0	93.6	87.4	90.8	242
Long-term investments	5.2	5.1	4.0	4.4	4.7	10.2
Note receivable	1.3	5.9	8.6	8.5	14.1	16.0
Other long-term assets	68.4	42.2	46.2	45.4	59.0	29.9
Total assets	3,113	3,077	3,255	3,053	3,009	3,670
Liabilities
Accounts payable	264	300	309	271	300	317
Payable/accrued	–	–	–	–	–	–
Accrued expenses	174	202	179	148	118	176
Short-term debt	109	137	184	206	159	155
Current portion of long-term debt	294	220	301	216	158	437
Other current liabilities	50.9	56.6	58.0	46.7	30.3	32.2
Total current liabilities	892	916	1,031	887	765	1,118
Long-term debt	41.3	20.3	22.8	36.0	43.8	410
Minority interest	25.3	23.2	12.9	11.2	6.8	115
Other liabilities	47.3	53.4	61.9	46.4	47.4	105
Total liabilities	1,006	1,012	1,129	981	863	1,748
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	37.9	38.4	40.3	40.1	43.7	46.5
Additional paid-in capital	360	365	383	381	416	441
Retained earnings (accumulated deficit)	1,771	1,773	1,797	1,712	1,744	1,467
Treasury stock	−124	−112	−68.2	−65.6	−21.6	−14.2
Other equity	61.6	0.8	−24.8	4.9	−35.5	−19.4
Total equity	2,107	2,064	2,126	2,072	2,146	1,922
Total liabilities & shareholders' equity	3,113	3,077	3,255	3,053	3,009	3,670

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Universal Robina Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	229	272	283	313	285	260
Depreciation, depletion & amortization	101	85.9	116	113	137	153
Deferred taxes	–	–	–	–	–	–
Non-cash items	32.7	15.6	27.9	−40.4	−0.4	62.0
Changes in working capital	−171	−43.7	−276	−182	−157	−81.5
Cash from operations	192	330	151	204	264	394
Investing activities
Capital expenditures	−109	−103	−153	−164	−259	−232
Other investing cash flows	24.6	26.5	57.2	19.7	30.8	−4.5
Cash from investing	−84.0	−76.4	−95.5	−144	−228	−236
Financing activities
Financing cash flow items	−12.1	−1.7	−9.2	−5.3	0	0.5
Cash dividends paid	−153	−142	−142	−136	−151	−152
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	50.7	−120	77.0	15.0	77.7	−39.7
Cash from financing	−114	−264	−74.6	−126	−73.4	−191
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	−6.3	−10.2	−19.2	−66.6	−37.4	−33.7
Free cash flow	83.2	227	−1.8	39.8	5.2	162

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 1, 2026 after market close.