Universal Corporation UVV

Consumer StaplesFood & TobaccoUnited States of America

Last close 39.47 USD on Nov 3, 2026, −20.0% year to date

Quant rating

Quant rating C Rank 69 of 124 in Consumer Staples

Growth A 10 of 124
Valuation A 10 of 124
Quality D 94 of 124
Revisions C 61 of 124
Momentum D 104 of 124

Wall Street consensus Average target 67.00 USD +69.7%

Historical valuation

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

Key data

Market cap: 983M
Enterprise value: 2.0B
52-week range: 38.12 – 59.35
3-year range: 38.12 – 67.32
Dividend yield: 8.17%
Beta (5 years): 0.60
Shares outstanding: 24.9M
Next earnings: Nov 4, 2026

About the company

Universal Corporation is a business-to-business Agri-products supplier to consumer product manufacturers. The Company is a leaf tobacco supplier and provides plant-based ingredients for food and beverage end markets. Its segments include Tobacco Operations and Ingredients Operations. The Tobacco Operations segment activities involve contracting, procuring, processing, packing, storing, and shipping leaf tobacco for sale to, or for the account of, manufacturers of consumer tobacco products throughout the world. It processes and/or sells flue-cured and burley tobacco, dark air-cured tobacco, and oriental tobacco. It also provides physical and chemical product testing for tobacco customers. The Ingredients Operations segment provides its customers with a variety of plant-based ingredients for both human and pet consumption. The Company's customers include large multinational food and beverage companies, smaller independent manufacturers, and retail organizations.

Growth and profitability fiscal year ends March 31

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	2,924	2,947	2,749	2,570	2,104	–
Revenue growth	−0.8%	7.2%	7.0%	22.2%	6.1%	8.1%
EPS (basic, normalized)	1.30	–	–	–	–	–
EPS growth	–	–	–	–	–	–
Gross margin	18.1%	19.1%	19.9%	18.3%	20.0%	19.1%
Net margin	1.1%	3.2%	4.4%	4.8%	4.1%	3.5%
ROE	2.3%	6.6%	8.4%	9.1%	6.5%	6.6%

Balance sheet, last quarter
Cash & short-term investments (mil)	174
Current ratio	2.57x
Long-term debt (mil)	617
Net debt (mil)	1,044
Total equity (mil)	1,389
Net debt / equity	0.75x
Net debt / EBITDA	3.94x

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
2026 actual	2,924	−0.8%	0.7x	265	–	7.7x	1.30	–	30.4x
2027	2,724	−6.8%	0.7x	249	−6.1%	8.2x	3.18	+144.6%	12.4x
2028	2,838	+4.2%	0.7x	293	+18.0%	6.9x	3.95	+24.2%	10.0x

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
2027	2,724	0.0%	−6.3%	−7.3%	3.18	0.0%	−26.0%	−27.7%
2028	2,838	0.0%	−4.3%	−5.3%	3.95	0.0%	−9.8%	−14.3%
2029	–	–	–	–	–	–	–	–

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	–	–	–	–	–	–	754	861	715	524
Sales mean (mil)	–	–	–	–	–	–	704	927	728	587
Surprise	–	–	–	–	–	–	+7.1%	−7.1%	−1.8%	−10.8%
EPS reported	–	–	–	–	–	–	1.36	1.32	−1.73	−0.20
EPS mean	–	–	–	–	–	–	1.34	1.92	1.08	0.25
Surprise	–	–	–	–	–	–	+1.5%	−31.2%	−260.2%	−180.0%

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
UVV Universal Corporation	983M	3.94x	1.1%	0.71x	12.4x	10.0x	8.2x	6.9x
PM Philip Morris International Inc.	324.2B	2.33x	27.8%	−40.85x	24.9x	23.0x	18.8x	17.3x
BTI British American Tobacco p.l.c.	130.8B	–	30.3%	2.03x	12.6x	11.7x	10.1x	9.9x
MO Altria Group Inc	128.0B	1.70x	29.8%	−57.54x	13.5x	13.0x	11.6x	11.1x
JAPAY JAPAN TOBACCO INC.	93.5B	0.56x	14.4%	3.18x	20.8x	18.9x	12.4x	11.4x
IMBBY Imperial Brands PLC	29.7B	–	6.4%	5.71x	8.9x	8.1x	7.7x	7.6x
Mean		2.13x	18.3%	−14.46x	15.5x	14.1x	11.5x	10.7x
Median		2.01x	21.1%	1.37x	13.0x	12.4x	10.8x	10.5x

Technical analysis

1M−4.6%
3M−22.6%
1Y−16.9%
3Y−5.6%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Universal Corporation, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	2,924	2,947	2,749	2,570	2,104	1,983
Cost of revenue	2,396	2,384	2,201	2,101	1,684	1,584
Gross profit	528	564	548	469	420	399
Selling, general & administrative expenses	317	320	322	288	249	233
Research & development	–	–	–	–	–	–
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	42.9	24.7	3.5	0	12.7	18.4
Other operating expenses	0	0	0	0	−2.5	0
Operating income	168	219	222	181	160	148
Net interest income (expense)	−68.6	−67.0	−61.0	−40.9	−20.7	−21.6
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	2.8	2.6	3.1	1.8	2.7	−0.4
Net income before taxes	103	154	164	142	142	126
Provision for taxes	46.7	40.9	31.1	11.7	38.7	29.4
Minority interest	−23.4	−18.2	−13.4	−6.2	−17.0	−8.9
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	32.6	95.0	120	124	86.6	87.4
Extraordinary items	–	–	–	–	–	–
Net income	32.6	95.0	120	124	86.6	87.4
EBIT, normalized	211	243	226	181	173	173
EBITDA, normalized	265	303	284	238	225	218
Basic EPS, normalized	1.30	–	–	–	–	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Universal Corporation, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	62.2	260	55.6	64.7	81.6	197
Receivables	576	633	531	414	390	368
Total inventory	1,213	1,165	1,403	1,208	1,147	908
Prepaid expenses	23.0	19.6	19.5	16.5	13.1	15.0
Other current assets	97.3	78.0	93.7	99.8	117	66.8
Total current assets	1,972	2,156	2,103	1,803	1,748	1,555
Property, plant & equipment	410	407	398	392	385	381
Goodwill	173	214	214	214	214	173
Intangibles	48.6	57.8	68.9	80.1	92.6	72.3
Long-term investments	82.3	79.3	76.3	76.2	81.0	84.2
Note receivable	–	–	–	–	–	–
Other long-term assets	81.3	75.2	77.3	74.4	65.4	76.3
Total assets	2,767	2,990	2,937	2,639	2,586	2,342
Liabilities
Accounts payable	90.6	100	110	89.0	5.3	1.3
Payable/accrued	–	–	–	–	272	139
Accrued expenses	165	179	159	151	37.6	37.8
Short-term debt	288	455	417	196	183	101
Current portion of long-term debt	0	0	0	0	0	0
Other current liabilities	21.0	16.3	24.7	6.3	21.2	13.3
Total current liabilities	564	750	711	442	519	293
Long-term debt	617	618	617	617	519	518
Minority interest	45.7	42.0	41.7	39.9	44.2	41.1
Other liabilities	125	121	130	143	164	182
Total liabilities	1,351	1,531	1,500	1,242	1,246	1,035
Shareholders' equity
Preferred stock	0	0	0	0	0	0
Common stock	352	352	346	337	331	327
Additional paid-in capital	–	–	–	–	–	–
Retained earnings (accumulated deficit)	1,137	1,187	1,173	1,137	1,094	1,088
Treasury stock	–	–	–	–	–	–
Other equity	−73.1	−80.1	−81.6	−77.1	−84.3	−107
Total equity	1,415	1,459	1,437	1,397	1,341	1,307
Total liabilities & shareholders' equity	2,767	2,990	2,937	2,639	2,586	2,342

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Universal Corporation, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	56.0	113	133	130	104	96.3
Depreciation, depletion & amortization	53.4	59.8	58.3	57.3	52.5	44.7
Deferred taxes	−1.0	1.1	−5.4	−7.7	−2.5	−2.3
Non-cash items	110	58.7	42.2	11.8	41.9	23.5
Changes in working capital	−89.1	94.1	−303	−202	−151	58.2
Cash from operations	129	327	−74.6	−10.6	44.9	220
Investing activities
Capital expenditures	−48.8	−62.6	−66.0	−54.7	−53.2	−66.2
Other investing cash flows	5.9	3.8	6.0	4.3	−89.5	−151
Cash from investing	−43.0	−58.8	−60.0	−50.4	−143	−217
Financing activities
Financing cash flow items	−33.0	−21.2	−14.2	−16.7	−16.6	−12.8
Cash dividends paid	−81.3	−79.7	−78.4	−77.4	−76.4	−75.2
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−170	37.7	218	133	76.2	179
Cash from financing	−284	−63.2	126	38.9	−16.8	91.4
Foreign exchange effects	0.3	−0.4	−0.1	−1.0	−1.0	1.3
Net change in cash	−198	205	−9.1	−23.0	−116	95.8
Free cash flow	80.3	264	−141	−65.2	−8.3	154

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 3, 2026 after market close.