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Ebro Foods, S.A (EBRO) Fair Value & Analysis

Consumer Defensive · ES · Market cap €2.8B

EF Ebro Foods, S.A EBRO · MC
Price€18.22
Fair Value€23.42
Upside+28.5%
Quality58/100
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Weak Growth
Thin margins · 7.3% net margin
Low debt · generates free cash flow
Ranks above peers (9/15)
Moderate moat 45/100
Evidence: High Range €15.31 – €34.99 Share as image

Fair value as of: Jul 13, 2026

From 24 valuation models · updated 27 days ago

Share price +0.4% over the past month.

A solid business, screening 29% undervalued on our models.

What matters now

  • Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (€15.31 to €34.99) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€19.11 €13.01 Fair Value €23.42 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range €13.01 – €19.11 · fair‑value band €15.31 – €34.99 · the €18.22 price screens below the €23.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

Full chart & analysis →

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Analysis

Ebro Foods, S.A (EBRO) currently trades at €18.22, while our model-based Fair Value estimate is €23.42, implying the stock looks roughly 28.5% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Ebro Foods, S.A generated revenue of €3.0B at a net margin of 7.3%. Revenue declined 4.6% year over year. It earns a return on equity of 9.8%. Net debt stands at €231M. Fundamentals as of Jul 13, 2026

Our scenario range runs from €15.31 (bear case) to €34.99 (bull case); at €18.22, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 6% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at 29%, EBRO screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF €10.10 €13.13 €18.16 80
Residual Income €12.78 €13.96 €17.92 76
Rev-Margin DCF €14.61 €22.42 €31.85 74
All 24 models by family
DCF Models
FCF DCF €9.78 €12.92 €18.55 38
Owner Earnings €12.58 €16.66 €23.99 31
5Y Revenue Exit €14.61 €22.29 €33.30 39
5Y EBITDA Exit €18.41 €28.78 €42.25 41
5Y P/E Exit €15.70 €24.14 €33.98 38
10Y Revenue Exit €12.12 €18.44 €25.85 36
10Y EBITDA Exit €14.89 €22.64 €31.65 37
10Y P/E Exit €13.26 €19.64 €26.30 35
Earnings-Based
Graham-Dodd €9.50 €16.58 €20.33 54
EPV €13.93 €16.06 €17.90 59
Dividend Discount
Gordon GGM €6.06 €7.65 €9.25 70
DDM Multi-Stage €6.06 €8.09 €10.46 61
Multiples
P/E Multiple €22.00 €29.33 €36.66 63
P/S Multiple €17.81 €23.74 €29.68 58
P/B Multiple €17.81 €23.74 €29.68 55
EV/EBIT €26.53 €35.23 €43.92 53
EV/EBITDA €27.58 €36.62 €45.67 54
EV/Revenue €19.06 €27.04 €35.02 43
Asset-Based
NCAV (Graham) €7.49 €10.04 €14.98 50
Growth DCF
Growth DCF €10.10 €13.13 €18.16 80
Rev-Margin DCF €14.61 €22.42 €31.85 74
Economic Profit
Residual Income €12.78 €13.96 €17.92 76
ROIC Compounder €13.93 €16.23 €18.70 72
Growth Earnings
Growth-Adj P/E €15.53 €22.19 €28.84 68

Widest divergence: Multiples (€27.04) versus Dividend Discount (€7.65). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €3.0B
Revenue growth (YoY) -4.6%
Net margin 7.3%
Return on equity 9.8%
Free cash flow €149M FY2025
P/E ratio 12.9
More key figures
Operating margin 9.9%
EPS (TTM) €1.40
EPS growth (YoY) +56.8%
Net debt €231M FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 56 · Market factors (momentum, volatility) 63

Profitability 44
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 53
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Ebro Foods, S.A. operates as a food company in Spain, rest of Europe, the United States, Canada, and internationally. It operates through Rice Business; Fresh and Premium Dry Pasta Business; and Other Businesses and/or Activities segments.

Full company description

Ebro Foods, S.A. operates as a food company in Spain, rest of Europe, the United States, Canada, and internationally. It operates through Rice Business; Fresh and Premium Dry Pasta Business; and Other Businesses and/or Activities segments. The company engages in the research, production, preparation, sale, import, and export of food and dietary products for human and animal consumption, including rice, pasta, sauces, and nutritional products; and production, preparation, and sale of soft and alcoholic beverages. It is also involved in the production of flour and canned vegetables; operation of financial and insurance management business; investment management; logistics; and rice farming activities. In addition, the company engages in the acquisition, lease, creation, installation, development, and management of industrial, farming, and livestock facilities in the food, nutrition, and beverage industries. Further, it provides staff training, computer programming or management, investment and monetization of resources, advertising and image, transport, and distribution and sale and marketing activities. The company was formerly known as Ebro Puleva, S.A. and changed its name to Ebro Foods, S.A. in June 2010. Ebro Foods, S.A. was incorporated in 1998 and is based in Madrid, Spain.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ebro Foods, S.A reported revenue of €3.0B in FY2025 versus €2.4B in FY2021, a compound +5.6%/yr. Reported net income was €215M in FY2025, compounding −2.6%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€3.0B
Latest YoY
−4.0%
Avg. growth/yr (3Y)
+0.6%
Avg. growth/yr (5Y)
+0.8%
Avg. growth/yr (25Y)
−16.8%
Revenue +5.6%/yr
FY21 €2.4B
FY22 €3.0B
FY23 €3.1B
FY24 €3.1B
FY25 €3.0B
Net income −2.6%/yr
FY21 €239M
FY22 €122M
FY23 €187M
FY24 €208M
FY25 €215M

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Cite: Fair Value Calculator (2026). "Ebro Foods, S.A Fair Value". https://www.fairvalue-calculator.com/stock/EBRO

Peer Group

Packaged Foods · 653 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 58 · Above median
Fair Value upside +29% · Above median
Return on equity (TTM) 10% · Above median
Return on assets 5% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 10% · Above median
Revenue growth -5% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.10× · Higher than median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 12.8× · Cheaper than median
P/B 1.38× · Cheaper than median
P/S (TTM) 1.07× · Pricier than median
P/FCF 21.4× · Pricier than 75% of peers
EV/EBITDA 7.8× · Cheaper than median
PEG 2.50× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 71 · sector 29
FUTURE 0 · sector 19
PAST 39 · sector 27
HEALTH 95 · sector 96
DIVIDEND 0 · sector 47

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is Ebro Foods, S.A (EBRO) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of €23.42 versus a price of €18.22, about +29% (undervalued).
What is the fair value of EBRO?
Our model-based fair value for Ebro Foods, S.A is €23.42 (as of Jul 13, 2026), built from audited fundamentals. The current price is €18.22.
What is the quality score of EBRO?
Ebro Foods, S.A has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Ebro Foods, S.A (EBRO)?
Ebro Foods, S.A reported trailing-twelve-month revenue of about €3.0B (latest available figure, as of Jul 13, 2026).
What is the net profit margin of EBRO?
The net profit margin of Ebro Foods, S.A is about 7.3%, meaning it keeps roughly 7.3% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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