Friday 6 November 2026
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Universal Corporation
UVV Consumer Defensive Tobacco
Universal Corporation’s revenue for fiscal 2026 (year ended March 2026) was $2.9 billion, down 0.77% from fiscal 2025.
- Revenue
- −17.6%
- EPS
- −63.2%
- Free cash flow
- −551.2%
- Total debt
- −0.19%
Quarter to September 2026, against a year earlier
41.08
1.33
+3.35%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to March
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM Sep ’26 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 2,071 | 2,034 | 2,227 | 1,910 | 1,983 | 2,104 | 2,570 | 2,749 | 2,947 | 2,924 | 2,722 | +3.9% | 2,724 | 2,838 | — | (1.5%) | |
| Gross margin, % | 19.06 | 18.29 | 18.26 | 18.68 | 19.46 | 19.44 | 17.83 | 19.50 | 18.62 | 17.51 | 16.48 | (1.5) pt | ||||||
| EBT | 169 | 167 | 151 | 113 | 126 | 142 | 142 | 164 | 154 | 103 | 51 | (5.4%) | ||||||
| EBT margin, % | 8.17 | 8.19 | 6.79 | 5.93 | 6.34 | 6.76 | 5.52 | 5.97 | 5.23 | 3.51 | 1.86 | (4.7) pt | ||||||
| Net income | 113 | 116 | 110 | 78 | 96 | 104 | 130 | 133 | 113 | 56 | 16 | (7.5%) | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 88.39 | 80.47 | 88.63 | 76.45 | 80.44 | 84.95 | 103.73 | 110.60 | 118.14 | 116.80 | 108.63 | +3.1% | |||||
| Earnings | 0.89 | 4.18 | 4.14 | 2.87 | 3.55 | 3.50 | 5.01 | 4.81 | 3.81 | 1.30 | (0.10) | +4.3% | ||||||
| Cash flow | 10.68 | 3.21 | 6.55 | 0.44 | 8.94 | 1.81 | (0.43) | (3.00) | 13.11 | 5.16 | 3.50 | (7.8%) | ||||||
| Capex | (1.43) | (1.14) | (1.54) | (1.41) | (2.22) | (1.62) | (2.16) | (2.57) | (2.36) | (1.72) | (2.07) | +2.1% | ||||||
| Free cash flow | 9.25 | 2.07 | 5.00 | (0.97) | 6.72 | 0.19 | (2.59) | (5.57) | 10.75 | 3.44 | 1.43 | (10.4%) | ||||||
| Book value | 56.61 | 54.81 | 54.91 | 51.61 | 54.69 | 55.92 | 58.00 | 59.51 | 60.15 | 58.36 | 56.82 | +0.3% | ||||||
| Shares, m | 23 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | +0.7% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 65.51 | 11.50 | 14.12 | 15.40 | 16.66 | 16.59 | 10.56 | 10.61 | 14.71 | 40.54 | 0.00 | 21.6 | |||||
| P/S | 0.80 | 0.60 | 0.66 | 0.58 | 0.73 | 0.68 | 0.51 | 0.46 | 0.47 | 0.45 | 0.38 | 0.6 | ||||||
| P/B | 1.25 | 0.88 | 1.07 | 0.86 | 1.08 | 1.04 | 0.91 | 0.86 | 0.93 | 0.90 | 0.72 | 1.0 | ||||||
| EV/Sales | 0.90 | 0.72 | 0.75 | 0.78 | 0.96 | 0.95 | 0.77 | 0.71 | 0.64 | 0.68 | 0.63 | 0.8 | ||||||
| EV/FCF | 8.58 | 28.02 | 13.22 | (61.02) | 11.43 | 425.73 | (30.88) | (14.08) | 6.99 | 23.13 | 48.12 | 41.1 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 250 | 81 | 165 | 11 | 220 | 45 | (11) | (75) | 327 | 129 | 88 | (7.1%) | |||||
| Capex | (33) | (29) | (39) | (35) | (55) | (40) | (54) | (64) | (59) | (43) | (52) | +2.8% | ||||||
| Free cash flow | 217 | 52 | 126 | (24) | 166 | 5 | (64) | (138) | 268 | 86 | 36 | (9.7%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 1,293 | 1,321 | 1,334 | 1,212 | 1,262 | 1,229 | 1,361 | 1,391 | 1,406 | 1,407 | 1,342 | +0.9% | |||||
| Net debt | 85 | 135 | 71 | 261 | 321 | 437 | 552 | 562 | 358 | 555 | 570 | +23.2% | ||||||
| Shareholders’ equity | 1,327 | 1,385 | 1,380 | 1,289 | 1,348 | 1,385 | 1,437 | 1,479 | 1,501 | 1,461 | 1,424 | +1.1% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 0.96 | 4.92 | 4.84 | 3.37 | 3.92 | 3.51 | 4.75 | 4.29 | 3.21 | 1.13 | (0.08) | +0.2 pt | |||||
| ROIC | 7.90 | 7.02 | 6.94 | 5.09 | 5.53 | 5.50 | 5.69 | 6.80 | 7.83 | 5.22 | 3.51 | (2.7) pt | ||||||
| ROE | 1.63 | 7.79 | 7.53 | 5.37 | 6.63 | 6.34 | 8.79 | 8.20 | 6.38 | 2.20 | (0.17) | +0.6 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 24,000 | 24,000 | 28,000 | 24,000 | 20,000 | 25,000 | 28,000 | 27,000 | 28,500 | 25,000 | — | +0.5% | |||||
| Revenue/emp, $m | 0.09 | 0.08 | 0.08 | 0.08 | 0.10 | 0.08 | 0.09 | 0.10 | 0.10 | 0.12 | — | +3.4% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Mar 2026 · latest quarter Sep 2026 · fundamentals updated 4 Nov 2026
Universal Corporation vs peers in Tobacco (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| PM Philip Morris International Inc. | $314.1B | 29.5× | 28.3× | +5.47% (above 0%: growing) | −4.93% (below 0%: shrinking) | +21.31% (above 0%: growing) | 68.67% | 42.54% | Compare |
| BTI British American Tobacco p.l.c. | $135.6B | 8.0× | 13.9× | +0.62% (above 0%: growing) | +13.60% (above 0%: growing) | +12.44% (above 0%: growing) | 69.38% | 0.00% | Compare |
| MO Altria Group, Inc. | $129.1B | 16.1× | 14.1× | +0.99% (above 0%: growing) | +6.83% (above 0%: growing) | −1.35% (below 0%: shrinking) | 64.27% | 54.03% | Compare |
| RLX RLX Technology Inc. Sponsored ADR | $1.5B | 15.3× | 12.2× | +21.90% (above 0%: growing) | +30.00% (above 0%: growing) | −129.25% (below 0%: shrinking) | 39.03% | 14.22% | Compare |
| TPB Turning Point Brands, Inc. | $1.4B | 28.4× | 55.2× | +22.57% (above 0%: growing) | −77.78% (below 0%: shrinking) | +235.11% (above 0%: growing) | 65.55% | 11.69% | Compare |
| AIIR Air Global PLC | $1.2B | 285× | — | — | n/m | −487.91% (below 0%: shrinking) | 56.58% | (46.44%) | Compare |
| UVV Universal Corporation | $1.0B | — (loss-making) | 13.0× | −17.55% (below 0%: shrinking) | −63.24% (below 0%: shrinking) | −551.15% (below 0%: shrinking) | 17.29% | 6.86% | |
| ISPR Ispire Technology Inc. | $82.6M | — (loss-making) | — (loss-making) | +32.55% (above 0%: growing) | n/m | −26.12% (below 0%: shrinking) | 6.32% | (50.72%) | Compare |
| RYM RYTHM, Inc. | $35.4M | 5.1× | — (loss-making) | +490.08% (above 0%: growing) | n/m | +217.62% (above 0%: growing) | 0.00% | 0.00% | Compare |
| Median of peers | $1.4B | 16.1× | 14.1× | +21.90% | +6.83% | +5.55% | 60.43% | 5.85% |
Pay and ownership Proxy statement filed 1 July 2026
Ownership
Directors and executive officers, together
2.20%
BlackRock, Inc.
15.00%
Dimensional Fund Advisors LP
7.70%
Vanguard Portfolio Management
7.20%
Vanguard Capital Management
5.10%
State Street Corporation
5.00%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement