Tearsheet

Universal (UVV)

Market Price (12/28/2025): $53.18 | Market Cap: $1.3 Bil
Sector: Consumer Staples | Industry: Tobacco

Universal (UVV)

Market Price (12/28/2025): $53.18
Market Cap: $1.3 Bil
Sector: Consumer Staples
Industry: Tobacco

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, Dividend Yield is 6.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%, FCF Yield is 12%	Weak multi-year price returns 2Y Excs Rtn is -53%, 3Y Excs Rtn is -61%	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 83%
1	Low stock price volatility Vol 12M is 25%		Key risks UVV key risks include [1] high dependence on a few major customers who account for half its tobacco revenue and [2] internal control challenges highlighted by an alleged embezzlement at a foreign subsidiary.
2	Megatrend and thematic drivers Megatrends include Health & Wellness Trends, and Vegan & Alternative Foods. Themes include Nutritional Supplements, Organic & Natural Products, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, Dividend Yield is 6.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%, FCF Yield is 12%
1	Low stock price volatility Vol 12M is 25%
2	Megatrend and thematic drivers Megatrends include Health & Wellness Trends, and Vegan & Alternative Foods. Themes include Nutritional Supplements, Organic & Natural Products, Show more.
3	Weak multi-year price returns 2Y Excs Rtn is -53%, 3Y Excs Rtn is -61%
4	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 83%
5	Key risks UVV key risks include [1] high dependence on a few major customers who account for half its tobacco revenue and [2] internal control challenges highlighted by an alleged embezzlement at a foreign subsidiary.

Valuation, Metrics & Events

	12/28/25	2024	2023	2022
Share Price CYE	$53.18	$51.58	$59.55	$43.86
Market Cap CYE ($ Bil)	1.3	1.3	1.5	1.1
Total Debt ($ Bil)	1.2	1.1	1.1	0.8
Total Cash ($ Bil)	0.1	0.3	0.1	0.1
Enterprise Value ($ Bil)	2.4	2.4	2.6	1.9
Valuation Ratios
P/S TTM	0.4	0.5	0.6	0.5
P/EBIT TTM	5.3	5.9	7.3	6.8
P/E TTM	11.9	14.4	14.0	10.5
P/FCF TTM	8.5	5.2	-11.9	-20.1
Sector Ratios
P/S TTM (Sector)	0.8	1.0	1.0	0.9
P/EBIT TTM (Sector)	8.6	9.8	10.9	10.9
P/E TTM (Sector)	12.7	14.2	16.0	14.5
P/FCF TTM (Sector)	11.4	14.5	12.2	12.0

	12/28/25	2024	2023
Share Price CYE	$53.18	$51.58	$59.55
Market Cap CYE ($ Bil)	1.3	1.3	1.5
Total Debt ($ Bil)	1.2	1.1	1.1
Total Cash ($ Bil)	0.1	0.3	0.1
Enterprise Value ($ Bil)	2.4	2.4	2.6
Valuation Ratios
P/S TTM	0.4	0.5	0.6
P/EBIT TTM	5.3	5.9	7.3
P/E TTM	11.9	14.4	14.0
P/FCF TTM	8.5	5.2	-11.9
Sector Ratios
P/S TTM (Sector)	0.8	1.0	1.0
P/EBIT TTM (Sector)	8.6	9.8	10.9
P/E TTM (Sector)	12.7	14.2	16.0
P/FCF TTM (Sector)	11.4	14.5	12.2

	UVV	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	3.0
Rev Chg Q	6.1%	7.3%
Rev Chg LTM	3.0%	6.1%
Rev Chg 3Y Avg	7.9%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.2
CFO LTM ($ Bil)	0.2
Net Inc LTM ($ Bil)	0.1
Op Mgn LTM	8.3%	18.8%
CFO/Rev LTM	6.8%	20.4%
Net Inc Mgn	3.7%	13.1%
VALUATION	LOW
P/S	0.4	3.3
P/CFO	6.6	15.8
P/FCF	8.5	20.7
P/E	11.9	23.7
STABILITY	POOR
Debt/Equity	0.90	0.21
Cash/Assets	0.03	0.07

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Metric	Value	Date	Source
Uncommitted tobacco inventory levels	about 10%	9302024	Link
Tobacco sales volumes percentage change (year-over-year)	-4%	3312025	Link
Ingredients Operations sales volumes percentage change (for the six months ended)	11%	9302025	Link
Tobacco sales volumes percentage change (for the six months ended)	-1%	9302025	Link

Upcoming
1/12/2026	Dividend	Amount: $0.82 Payment On: 2/02/2026
2/04/2026	Earnings Release	Rev: $927 Mil (E) EPS: $1.92 (E)
4/20/2026	Earnings Release	Rev: - EPS: -

UVV Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Universal Corporation (UVV) experienced a year-to-date decline of approximately 3.76% as of December 27, 2025, which closely aligns with the specified -3.5% stock movement. Several key factors contributed to this performance over the approximate period from August 31, 2025, to today.

1. Embezzlement Investigation and Delayed Financial Filings.

Universal Corporation received a Non-Compliance Notice from the NYSE in late 2024 for failing to timely file its Q2 fiscal 2025 10-Q report with the SEC. This delay stemmed from an ongoing internal investigation into embezzlement by a former senior financial officer at one of its foreign subsidiaries, involving unauthorized payments totaling approximately $7 million during fiscal years 2022-2025. This issue likely eroded investor confidence and raised concerns about financial integrity during 2025.

2. Weak Q4 Fiscal Year 2025 Earnings.

The company reported a significant decrease in net income by 38.3% and earnings per share by 77.0% in its Q4 fiscal year 2025, compared to Q4 fiscal year 2024. Consolidated revenue also saw an 8.9% decrease, primarily attributed to timing shifts in tobacco shipments. These results, reported in May 2025, indicated underlying operational challenges despite a short-term stock increase immediately following the announcement.

3. Declining Operating Income in Key Segments.

In the second quarter of fiscal year 2025 (ending September 30, 2025), Universal Corporation reported an overall 2% decrease in operating income. Specifically, the Tobacco Operations segment experienced a 16% lower operating income due to foreign exchange fluctuations, write-downs, and a less favorable product mix. The Ingredients Operations segment also incurred an operating income loss, impacted by weaker demand, tariff uncertainty, write-downs, and higher fixed costs.

4. Secular Decline of the Tobacco Industry and Inconsistent Diversification.

The company faces headwinds from the ongoing secular decline in the traditional tobacco industry globally. Efforts to diversify into the Ingredients Operations segment have not consistently achieved profitability, limiting its ability to offset the challenges in the core tobacco business and leading to concerns about "inconsistent diversification."

5. Leveraged Balance Sheet and Limited Financial Flexibility.

Concerns were raised regarding Universal Corporation's leveraged balance sheet, with a leverage ratio of 3.32X, and its historical challenges in generating positive free cash flow, which necessitated additional debt in prior fiscal years. This financial posture can limit the company's flexibility for investments and growth, contributing to investor apprehension.

Stock Movement Drivers

Fundamental Drivers

The -4.1% change in UVV stock from 9/27/2025 to 12/27/2025 was primarily driven by a -11.1% change in the company's P/E Multiple.

	9272025	12272025	Change
Stock Price ($)	55.43	53.15	-4.11%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2944.00	2987.41	1.47%
Net Income Margin (%)	3.51%	3.74%	6.39%
P/E Multiple	13.40	11.92	-11.05%
Shares Outstanding (Mil)	25.00	25.04	-0.14%
Cumulative Contribution			-4.11%

LTM = Last Twelve Months as of date shown

Market Drivers

9/27/2025 to 12/27/2025

	Return	Correlation
UVV	-4.1%
Market (SPY)	4.3%	-21.3%
Sector (XLP)	0.3%	33.4%

Fundamental Drivers

The -6.6% change in UVV stock from 6/28/2025 to 12/27/2025 was primarily driven by a -20.4% change in the company's P/E Multiple.

	6282025	12272025	Change
Stock Price ($)	56.93	53.15	-6.64%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2947.28	2987.41	1.36%
Net Income Margin (%)	3.22%	3.74%	15.88%
P/E Multiple	14.97	11.92	-20.36%
Shares Outstanding (Mil)	24.98	25.04	-0.20%
Cumulative Contribution			-6.64%

LTM = Last Twelve Months as of date shown

Market Drivers

6/28/2025 to 12/27/2025

	Return	Correlation
UVV	-6.6%
Market (SPY)	12.6%	-6.0%
Sector (XLP)	-2.2%	27.0%

Fundamental Drivers

The 4.0% change in UVV stock from 12/27/2024 to 12/27/2025 was primarily driven by a 14.2% change in the company's P/E Multiple.

	12272024	12272025	Change
Stock Price ($)	51.11	53.15	3.99%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2827.90	2987.41	5.64%
Net Income Margin (%)	4.31%	3.74%	-13.23%
P/E Multiple	10.44	11.92	14.17%
Shares Outstanding (Mil)	24.88	25.04	-0.64%
Cumulative Contribution			3.99%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2024 to 12/27/2025

	Return	Correlation
UVV	4.0%
Market (SPY)	17.0%	10.9%
Sector (XLP)	0.5%	40.1%

Fundamental Drivers

The 21.4% change in UVV stock from 12/28/2022 to 12/27/2025 was primarily driven by a 25.5% change in the company's Total Revenues ($ Mil).

	12282022	12272025	Change
Stock Price ($)	43.78	53.15	21.42%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2380.42	2987.41	25.50%
Net Income Margin (%)	3.76%	3.74%	-0.49%
P/E Multiple	12.13	11.92	-1.78%
Shares Outstanding (Mil)	24.78	25.04	-1.03%
Cumulative Contribution			21.40%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2023 to 12/27/2025

	Return	Correlation
UVV	-10.7%
Market (SPY)	48.0%	15.8%
Sector (XLP)	14.0%	37.2%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
UVV Return	-9%	20%	2%	36%	-13%	3%	35%
Peers Return	16%	38%	-12%	21%	26%	16%	150%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	114%
Monthly Win Rates [3]
UVV Win Rate	42%	33%	50%	50%	50%	58%
Peers Win Rate	52%	65%	42%	68%	57%	52%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
UVV Max Drawdown	-31%	-5%	-15%	-10%	-30%	-8%
Peers Max Drawdown	-34%	-5%	-26%	-7%	-9%	-23%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique Key	Event	UVV	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-30.9%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	44.8%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	438 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-33.6%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	50.7%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	360 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-43.0%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	75.5%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	Not Fully Recovered days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-61.5%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	159.8%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	2,871 days	1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

Universal's stock fell -30.9% during the 2022 Inflation Shock from a high on 6/1/2022. A -30.9% loss requires a 44.8% gain to breakeven.

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About Universal (UVV)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Universal Corporation processes and supplies leaf tobacco and plant-based ingredients worldwide. The company operates through two segments, Tobacco Operations and Ingredients Operations. It is involved in procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products. The company contracts, purchases, processes, and sells flue-cured, burley, and oriental tobaccos that are primarily used in the manufacture of cigarettes; and dark air-cured tobaccos principally used in the manufacture of cigars, natural wrapped cigars and cigarillos, smokeless, and pipe tobacco products. It also provides value-added services, including blending, chemical, and physical testing of tobacco; service cutting for various manufacturers; manufacturing reconstituted leaf tobacco; just-in-time inventory management services; electronic nicotine delivery systems; and smoke testing services for customers. In addition, the company offers testing services for crop protection agents and tobacco constituents in seed, leaf, and finished products, including e-cigarette liquids and vapors; and analytical services that include chemical compound testing in finished tobacco products and mainstream smoke. Further, it provides a various value-added manufacturing processes to produce specialty vegetable and fruit-based ingredients for the food and beverage end markets, as well as provides water pipe style leaf tobacco; and recycles waste materials from tobacco production. The company was founded in 1886 and is headquartered in Richmond, Virginia.

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Universal (UVV) is:

ADM (Archer-Daniels-Midland) for tobacco.

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Leaf Tobacco: Universal Corporation is the world's leading global leaf tobacco supplier, procuring, processing, and supplying various types of tobaccos to manufacturers of tobacco products.
Plant-based Ingredients: Through its Ingredients segment, the company develops and supplies natural plant-based ingredients, including flavors, extracts, and botanicals, for the food, beverage, and other consumer product industries.

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Universal (symbol: UVV) primarily sells to other companies, acting as the world's largest independent leaf tobacco merchant and processor. Its major customers are the global manufacturers of tobacco products, who purchase processed leaf tobacco to produce cigarettes, cigars, and other tobacco items.

While Universal Corporation does not typically name its specific customers in its public filings due to competitive and confidentiality reasons, the following are generally recognized as the major players in the global tobacco manufacturing industry and are therefore the most likely major customers for Universal:

Philip Morris International Inc. (Symbol: PM)
Altria Group, Inc. (Symbol: MO)
British American Tobacco p.l.c. (Symbol: BTI)
Japan Tobacco Inc. (Symbol: JAPAY for ADRs)
Imperial Brands PLC (Symbol: IMBBY for ADRs)

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Preston D. Wigner, Chairman, President, and Chief Executive Officer

Mr. Wigner was elected Chairman, President, and Chief Executive Officer of Universal Corporation on October 1, 2024. He has been with Universal for over 20 years, having joined in 2003. Prior to his current role, he served as Senior Vice President of Universal Corporation and Executive Vice President of Universal Leaf Tobacco Company from April 1, 2024. Before that, he held the positions of Vice President, General Counsel, and Secretary of Universal Corporation, and Senior Vice President, General Counsel, and Assistant Secretary of Universal Leaf from November 2005 until April 2024. Before joining Universal, Mr. Wigner worked as an associate with the law firms Williams Mullen and Hunton Andrews Kurth (formerly Hunton & Williams).

Johan C. Kroner, Senior Vice President and Chief Financial Officer

Mr. Kroner was elected Senior Vice President and Chief Financial Officer on September 1, 2018. He will retire by July 1, 2026, and will remain CFO until a successor is appointed, after which he will serve as Senior Vice President and an advisor to the CEO. Mr. Kroner joined Universal in July 1993. He also serves as Executive Vice President and Chief Financial Officer of Universal Leaf. Previously, he was Senior Vice President of Universal Leaf from September 2014 to September 2018, and Vice President from October 2011 to September 2014.

Airton L. Hentschke, Senior Vice President and Chief Operating Officer

Mr. Hentschke has served as Senior Vice President and Chief Operating Officer of Universal Corporation since April 1, 2015. He possesses over 35 years of experience in leaf operations with Universal. He began his employment with Universal in 1991 and has also served as Executive Vice President of Universal Leaf Tobacco Company, Incorporated since 2013, supporting Universal's global tobacco operations.

J. Patrick O'Keefe, Vice President, Ingredients

Mr. O'Keefe is the Vice President, Ingredients of Universal Corporation and Senior Vice President of Universal Global Ventures, Inc. He joined Universal in April 2020 and has a career spanning over 30 years in the food ingredient industry. His previous roles include Chief Operating Officer for Allen Flavors from 2018 to 2020, Chief Executive Officer of the Americas for Döhler Group from 2015 to 2018, and President of Finlay Tea Solutions US, Inc. and then Chief Executive Officer of Finlay Extracts & Ingredients, both subsidiaries of James Finlay International, from 2007 to 2015.

Tatiana Santos Godoi, Chief Human Resources Officer

Ms. Godoi was appointed Chief Human Resources Officer of Universal Corporation on November 10, 2025. She brings over two decades of international human resources leadership experience across North America, Latin America, and global corporate functions. Before joining Universal, she served as Vice President of Human Resources for North America at Kerry, Inc. Her prior senior leadership positions include roles at Kerry Latin America, Mars Incorporated, Newell Rubbermaid, Villares Metals, and Laticínos Bom Gosto.

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The key risks to Universal Corporation's (UVV) business are primarily centered around the declining global demand for tobacco, significant customer concentration, and operational and financial control issues, including exposure to foreign exchange and interest rate fluctuations, and recent internal control challenges.

Declining Tobacco Consumption and Regulatory Pressures: Universal Corporation's core business, leaf tobacco, faces a secular decline in worldwide tobacco consumption. This trend is driven by increasing health consciousness, stringent government regulations, higher taxes, and restrictions on tobacco product use and advertising in many countries, including measures under the World Health Organization (WHO) Framework Convention on Tobacco Control (FCTC). A significant decrease in global tobacco consumption directly reduces demand for Universal's products, potentially leading to reduced sales volumes and market opportunities.
Dependence on a Few Major Customers: Universal Corporation is highly reliant on a limited number of large tobacco companies, with its top three customers accounting for approximately 50% of its tobacco segment's revenue. Any substantial shift in these key customers' demand for leaf tobacco, changes in their sourcing strategies, or their financial instability could have a material adverse effect on Universal's operating results and financial performance.
Operational and Financial Control Risks: The company faces various operational and financial control risks. These include exposure to currency risk due to its global operations and international transactions, as well as the impact of interest rate fluctuations on financing costs and pension liabilities. Additionally, Universal Corporation recently faced internal control challenges, including an ongoing internal investigation related to alleged embezzlement by a former senior financial officer at one of its foreign subsidiaries, which led to a delay in filing its quarterly report. Such incidents can impact financial reporting, potentially requiring restatements, and highlight vulnerabilities in internal controls.

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The accelerating consumer shift towards non-tobacco nicotine products, such as synthetic nicotine pouches, which do not require leaf tobacco as an ingredient. This trend directly reduces the addressable market for Universal's core product offerings.

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Universal Corporation (UVV) operates in two main segments: Tobacco Operations and Ingredients Operations. The addressable markets for these segments are as follows:

Tobacco Operations

Universal Corporation is a leading global supplier of leaf tobacco, involved in the procurement, processing, packaging, and sale of various types of tobaccos, including flue-cured, burley leaf, dark air-cured, and oriental tobaccos.

Global Raw Tobacco Leaves Market: This market was valued at approximately USD 23.83 billion in 2024 and is projected to reach about USD 32.65 billion by 2031, growing at a compound annual growth rate (CAGR) of 4.6% from 2025 to 2031.

Ingredients Operations

Through its Ingredients Operations segment, Universal Corporation produces specialty plant-based ingredients such as fruits, vegetables, herbs, juices, concentrates, purees, nutraceuticals, fruit fibers, seeds, and botanical extracts. These are supplied to consumer-packaged goods manufacturers, retailers, and food and beverage companies.

Global Plant-Based Food Ingredients Market: This market was estimated at USD 17.31 billion in 2024 and is projected to grow to USD 40.19 billion by 2035, exhibiting a compound annual growth rate (CAGR) of 7.96% during the forecast period of 2025 to 2035.

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Here are 3 expected drivers of future revenue growth for Universal Corporation (UVV) over the next 2-3 years:

Sustained Demand and Effective Management in Tobacco Operations: Universal Corporation anticipates continued robust customer demand within its core Tobacco Operations segment. The company's ability to effectively procure tobacco, manage inventories, and execute shipments efficiently is expected to sustain revenue contributions from this segment. Despite potential market fluctuations such as oversupply, the company has demonstrated effective navigation of market dynamics.
Expansion and Organic Growth in Ingredients Operations: The strategic diversification into plant-based Ingredients Operations is a key driver. Universal Corporation is focused on increasing sales volumes and converting customer interest into product sales within this segment. This growth is supported by an active pipeline of new and value-added products, despite facing challenges in the broader consumer packaged goods industry.
Strategic Investments in Enhanced Operational Capabilities: Investments in expanding production facilities and operational infrastructure are expected to drive future revenue growth. A notable example is the completed major expansion in Lancaster, Pennsylvania, which enhances the capabilities of the Ingredients segment, positioning it to capitalize on investments and increase sales and market reach. These strategic investments aim to build scale and generate returns.

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Share Repurchases

Universal Corporation's Board of Directors authorized a new share repurchase program of up to $100 million in November 2024, which is valid through November 15, 2026.
A similar $100 million share repurchase program was approved in November 2020.
In fiscal year 2023, the company repurchased 66,124 shares at a total cost of $3.4 million.

Share Issuance

The number of common shares outstanding has remained relatively stable, with approximately 24.7 million shares outstanding at March 31, 2025.
As of November 3, 2025, the total number of shares of common stock outstanding was 24,921,155.

Outbound Investments

Universal Corporation has strategically diversified its business by investing in the plant-based ingredients platform through acquisitions.
The company acquired FruitSmart Inc. in January 2020 and Silva International in October 2020, with the latter costing $170 million.
Universal further expanded its ingredients segment by acquiring Shank's Extracts, LLC in October 2021.

Capital Expenditures

Capital expenditures were $66.6 million in fiscal year 2025 and $66.0 million in fiscal year 2024.
Investments in fiscal years 2025 and 2024 focused on expanding Universal Ingredients' manufacturing capabilities in Lancaster, Pennsylvania.
For fiscal year 2026, the company plans to spend approximately $45 million to $55 million on capital projects, primarily for maintenance of facilities and other investments for future growth.

Better Bets than Universal (UVV)

INDUSTRY: Tobacco

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Higher Rev Chg 3Y Avg (Value for UVV: 7.9%)

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Higher Op Mgn LTM (Value for UVV: 8.3%)

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Higher FCF/Rev LTM (Value for UVV: 5.3%)

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Higher Total Yield (Value for UVV: 14.4%)

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SECTOR: Consumer Staples

Higher Rev Chg 3Y Avg | Lower P/S (Values for UVV: 7.9% | 0.4x)

GO (10.1% | 0.2x)

Grocery Outlet

WEST (10.0% | 0.4x)

Westrock Coffee

HITI (25.1% | 0.4x)

High Tide

BRCC (12.8% | 0.3x)

BRC

DIT (12.3% | 0.0x)

Amcon Distributing

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for UVV: 7.9% | 5.3x)

CALM (31.8% | 2.5x)

Cal-Maine Foods

DIT (12.3% | 5.1x)

Amcon Distributing

Higher Rev Chg LTM (Value for UVV: 3.0%)

COST (8.3%)

Costco Wholesale

MNST (7.6%)

Monster Beverage

PM (7.5%)

Philip Morris International

WMT (4.3%)

Walmart

MDLZ (4.1%)

Mondelez International

Higher Rev Chg 3Y Avg (Value for UVV: 7.9%)

CELH (57.5%)

Celsius

DLTR (20.3%)

Dollar Tree

SFM (11.1%)

Sprouts Farmers Market

MNST (8.6%)

Monster Beverage

PM (8.0%)

Philip Morris International

Higher Op Mgn LTM (Value for UVV: 8.3%)

PM (37.1%)

Philip Morris International

KO (31.3%)

Coca-Cola

BUD (26.1%)

Anheuser-Busch InBev SA/NV

PG (24.1%)

Procter & Gamble

PEP (13.2%)

PepsiCo

Higher CFO/Rev LTM (Value for UVV: 6.8%)

MO (43.8%)

Altria

PM (28.8%)

Philip Morris International

PG (22.3%)

Procter & Gamble

KO (16.0%)

Coca-Cola

PEP (12.7%)

PepsiCo

Higher FCF/Rev LTM (Value for UVV: 5.3%)

MO (43.1%)

Altria

PM (25.3%)

Philip Morris International

PG (17.6%)

Procter & Gamble

KO (11.7%)

Coca-Cola

PEP (7.3%)

PepsiCo

Higher Total Yield (Value for UVV: 14.4%)

CALM (42.3%)

Cal-Maine Foods

PPC (18.3%)

Pilgrims Pride

FLO (17.4%)

Flowers Foods

MO (16.2%)

Altria

GIS (15.3%)

General Mills

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for UVV: 7.9% | 0.4x)

MCK (12.6% | 0.3x)

McKesson

GM (8.6% | 0.4x)

General Motors

ELV (8.4% | 0.4x)

Elevance Health

CI (13.6% | 0.3x)

Cigna

COR (10.4% | 0.2x)

Cencora

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for UVV: 7.9% | 5.3x)

IBKR (48.1% | 3.5x)

Interactive Brokers

RCI (11.8% | 4.1x)

Rogers Communications

JEF (14.6% | 2.9x)

Jefferies Financial

PR (48.7% | 4.8x)

Permian Resources

BIPC (30.2% | 2.5x)

Brookfield Infrastructure

Higher Rev Chg LTM (Value for UVV: 3.0%)

NVDA (65.2%)

NVIDIA

MSFT (15.6%)

Microsoft

GOOGL (13.4%)

Alphabet

AMZN (10.9%)

Amazon.com

AAPL (6.0%)

Apple

Higher Rev Chg 3Y Avg (Value for UVV: 7.9%)

NVDA (91.6%)

NVIDIA

META (17.3%)

Meta Platforms

MSFT (13.2%)

Microsoft

AMZN (11.3%)

Amazon.com

GOOGL (11.0%)

Alphabet

Higher Op Mgn LTM (Value for UVV: 8.3%)

NVDA (58.8%)

NVIDIA

MSFT (46.3%)

Microsoft

GOOGL (32.2%)

Alphabet

AAPL (31.9%)

Apple

AMZN (11.4%)

Amazon.com

Higher CFO/Rev LTM (Value for UVV: 6.8%)

MSFT (50.0%)

Microsoft

NVDA (44.4%)

NVIDIA

GOOGL (39.3%)

Alphabet

AAPL (26.6%)

Apple

AMZN (18.1%)

Amazon.com

Higher FCF/Rev LTM (Value for UVV: 5.3%)

NVDA (41.3%)

NVIDIA

MSFT (26.6%)

Microsoft

META (23.7%)

Meta Platforms

AAPL (23.5%)

Apple

GOOGL (19.1%)

Alphabet

Higher Total Yield (Value for UVV: 14.4%)

CMCSA (25.2%)

Comcast

FNMA (23.7%)

Federal National Mortgage Association Fannie Mae

VZ (18.3%)

Verizon Communications

CNQ (16.7%)

Canadian Natural Resources

TDG (15.4%)

TransDigm

		Best Bets In Consumer Staples Sector
	UVV	MO	PM	MNST	PG	STZ	CL	HSY	KO	FIZZ	COCO
What You Pay
P/E	11.9	11.0	29.1	43.7	20.2	20.0	22.2	24.4	23.1	16.2	44.0
P/EBIT	5.3	8.3	16.3	33.3	15.5	11.6	15.4	19.6	17.2	12.8	41.4
What You Get
Rev Chg Q	6.1%	0.2%	9.4%	16.8%	3.0%	-15.0%	1.0%	26.0%	5.1%	-1.0%	37.2%
Rev Chg LTM	3.0%	-0.2%	7.5%	7.6%	1.2%	-5.6%	0.1%	2.5%	2.8%	1.0%	23.1%
Rev Chg 3Y Avg	7.9%	-0.9%	8.0%	8.6%	1.8%	0.7%	4.2%	5.2%	4.0%	1.1%	13.3%
FCF/Rev 3Y Avg	3.0%	42.7%	24.9%	22.0%	18.0%	17.0%	15.4%	13.9%	13.9%	13.4%	13.1%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 8.7%, alpha of 1.4%, and sharpe of 0.5

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Universal Earnings Notes
2	How Low Can Universal Stock Really Go?	Return
3	Time To Buy Universal Stock?	Buy or Fear
4	Why Universal Stock Moved: UVV Stock Has Gained 28% Since 2021 Fiscal End, Primarily Due To Favorable Change In Revenues
5	Universal (UVV) Valuation Ratios Comparison	Financials
6	UVV Dip Buy Analysis

	Title
0	ARTICLES

Trade Ideas

Select ideas related to UVV. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BF-B_11302025_Dip_Buyer_ValueBuy	11302025	BF-B	Brown-Forman	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-8.9%	-8.9%	-8.9%
CPB_11302025_Dip_Buyer_ValueBuy	11302025	CPB	Campbell's	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-7.6%	-7.6%	-9.2%
ENR_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	ENR	Energizer	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	13.1%	13.1%	-5.3%
FLO_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FLO	Flowers Foods	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	5.4%	5.4%	-1.6%
CLX_11142025_Dip_Buyer_FCFYield	11142025	CLX	Clorox	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-5.0%	-5.0%	-6.0%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ZETA	Zeta Global	4.6	8.3%	15.1%
SGML	Sigma Lithium	1.6	7.3%	29.2%
USAS	Americas Gold And Silver	1.6	6.6%	557.6%
CPNG	Coupang	44.2	6.4%	10.4%
LION	Lionsgate Studios	2.7	4.6%	-69.9%
BBW	Build-A-Bear Workshop	0.8	4.4%	37.8%
XRAY	Dentsply Sirona	2.3	4.2%	-36.3%
BLMN	Bloomin Brands	0.6	3.8%	-41.2%
FUN	Six Flags Entertainment	1.5	3.8%	-69.1%
SVM	Silvercorp Metals	1.9	3.6%	198.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FLY	Firefly Aerospace	3.3	-13.7%	-61.3%
TMC	TMC The Metals	2.5	-10.5%	508.9%
ORGO	Organogenesis	0.7	-10.1%	64.8%
AAOI	Applied Optoelectronics	2.4	-9.3%	0.8%
BKSY	BlackSky Technology	0.7	-9.0%	79.0%
LUNR	Intuitive Machines	1.8	-8.7%	-16.0%
RCAT	Red Cat	0.8	-8.7%	-35.4%
RGTI	Rigetti Computing	6.7	-8.7%	46.7%
RDW	Redwire	1.0	-8.6%	-56.6%
RKLB	Rocket Lab	36.4	-8.5%	177.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	71.5%	59.0%
RZLT	Rezolute	0.3	44.3%	-45.5%
DVAX	Dynavax Technologies	1.8	41.5%	20.4%
LUNR	Intuitive Machines	1.8	40.6%	-16.0%
UAMY	United States Antimony	0.7	39.0%	252.5%
FOLD	Amicus Therapeutics	4.4	30.9%	51.3%
ADEA	Adeia	1.9	30.3%	23.0%
HUT	Hut 8	5.2	28.6%	142.3%
AAOI	Applied Optoelectronics	2.4	27.1%	0.8%
SGML	Sigma Lithium	1.6	24.9%	29.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TPL	Texas Pacific Land	6.6	-67.9%	-21.5%
LW	Lamb Weston	5.9	-29.0%	-35.3%
TLRY	Tilray Brands	10.2	-22.2%	-27.8%
TDUP	ThredUp	0.8	-18.2%	348.2%
LAB	Standard BioTools	0.5	-16.9%	-21.1%
OLMA	Olema Pharmaceuticals	2.2	-14.9%	349.9%
EVEX	Eve	1.4	-12.0%	-21.9%
IRON	Disc Medicine	2.8	-11.2%	26.7%
AVO	Mission Produce	0.8	-11.1%	-18.8%
CABO	Cable One	0.7	-10.6%	-67.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TLRY	Tilray Brands	10.2	876.4%	-27.8%
HPP	Hudson Pacific Properties	4.7	452.7%	-51.0%
WVE	WAVE Life Sciences	2.9	139.2%	43.7%
TE	T1 Energy	1.1	106.7%	400.0%
VERA	Vera Therapeutics	3.4	82.1%	26.7%
OMER	Omeros	0.9	66.2%	59.0%
RKLB	Rocket Lab	36.4	65.8%	177.4%
PL	Planet Labs PBC	5.9	65.0%	379.2%
AAOI	Applied Optoelectronics	2.4	63.5%	0.8%
LUNR	Intuitive Machines	1.8	62.4%	-16.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-45.5%
JANX	Janux Therapeutics	0.9	-59.0%	-73.4%
FRMI	Fermi	5.3	-46.0%	-76.6%
LENZ	LENZ Therapeutics	0.5	-43.5%	-41.6%
GOGO	Gogo	0.6	-35.3%	-43.0%
HPK	HighPeak Energy	0.5	-33.9%	-70.4%
PACB	Pacific Biosciences of California	0.5	-32.7%	-3.3%
LDI	loanDepot	0.4	-29.6%	3.9%
ORIC	ORIC Pharmaceuticals	0.6	-29.0%	2.2%
LW	Lamb Weston	5.9	-28.6%	-35.3%

Peer Comparisons for Universal

Peers to compare with:

Financials

	UVV	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Universal	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Price	53.15	23.26	24.49	305.09	78.16	273.40	65.66
Mkt Cap	1.3	21.9	32.6	284.9	309.2	4,074.4	158.8
Rev LTM	2,987	55,295	34,296	65,402	57,696	408,625	56,496
Op Inc LTM	249	3,624	1,644	11,544	12,991	130,214	7,584
FCF LTM	157	2,800	627	11,854	12,733	96,184	7,327
FCF 3Y Avg	79	2,978	1,400	11,753	13,879	100,503	7,366
CFO LTM	202	3,697	2,919	13,483	13,744	108,565	8,590
CFO 3Y Avg	139	3,672	3,896	13,498	14,736	111,559	8,697

Growth & Margins

	UVV	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Universal	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Rev Chg LTM	3.0%	3.2%	13.8%	4.5%	8.9%	6.0%	5.2%
Rev Chg 3Y Avg	7.9%	-3.9%	6.5%	2.6%	3.7%	1.8%	3.2%
Rev Chg Q	6.1%	4.2%	14.4%	9.1%	7.5%	9.6%	8.3%
QoQ Delta Rev Chg LTM	1.5%	1.1%	3.7%	2.1%	1.8%	2.1%	2.0%
Op Mgn LTM	8.3%	6.6%	4.8%	17.7%	22.5%	31.9%	13.0%
Op Mgn 3Y Avg	8.2%	7.4%	7.2%	16.4%	24.2%	30.8%	12.3%
QoQ Delta Op Mgn LTM	-0.5%	-0.2%	-1.4%	0.6%	0.4%	0.1%	-0.1%
CFO/Rev LTM	6.8%	6.7%	8.5%	20.6%	23.8%	26.6%	14.6%
CFO/Rev 3Y Avg	5.1%	6.8%	12.7%	21.4%	26.1%	28.4%	17.1%
FCF/Rev LTM	5.3%	5.1%	1.8%	18.1%	22.1%	23.5%	11.7%
FCF/Rev 3Y Avg	3.0%	5.5%	4.6%	18.6%	24.6%	25.6%	12.1%

Valuation

	UVV	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Universal	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Cap	1.3	21.9	32.6	284.9	309.2	4,074.4	158.8
P/S	0.4	0.4	1.0	4.4	5.4	10.0	2.7
P/EBIT	5.3	6.8	19.9	25.1	22.5	31.3	21.2
P/E	11.9	8.6	572.7	36.0	29.9	41.0	33.0
P/CFO	6.6	5.9	11.2	21.1	22.5	37.5	16.2
Total Yield	14.4%	14.1%	2.3%	5.0%	5.4%	2.8%	5.2%
Dividend Yield	6.0%	2.5%	2.1%	2.2%	2.1%	0.4%	2.1%
FCF Yield 3Y Avg	6.7%	10.6%	5.5%	6.4%	6.0%	3.1%	6.2%
D/E	0.9	0.5	0.7	0.2	0.1	0.0	0.4
Net D/E	0.8	0.3	0.6	0.2	0.0	0.0	0.3

Returns

	UVV	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	Universal	HP	Hewlett .	Internat.	Cisco Sy.	Apple
1M Rtn	1.0%	-1.8%	14.4%	0.6%	2.7%	-1.5%	0.8%
3M Rtn	-4.1%	-11.9%	2.7%	7.9%	17.0%	7.1%	4.9%
6M Rtn	-6.6%	-4.0%	34.5%	6.6%	15.2%	36.3%	10.9%
12M Rtn	4.0%	-27.0%	16.2%	40.5%	34.5%	7.5%	11.8%
3Y Rtn	21.4%	-1.9%	71.1%	143.1%	81.3%	120.2%	76.2%
1M Excs Rtn	-1.8%	-5.6%	12.9%	-2.2%	-0.0%	-3.7%	-2.0%
3M Excs Rtn	-8.4%	-16.2%	-1.7%	3.6%	12.7%	2.8%	0.6%
6M Excs Rtn	-18.9%	-16.3%	22.3%	-5.7%	3.0%	24.0%	-1.3%
12M Excs Rtn	-12.2%	-42.9%	-0.7%	25.0%	19.9%	-8.4%	-4.6%
3Y Excs Rtn	-61.0%	-83.5%	-11.2%	59.6%	-1.2%	28.4%	-6.2%

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 3/31	LTM	2025	2024	2023	2022	2021	2020
Period End	9/30/2025	3/31/2025	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020
Filing Date	11/5/2025	5/30/2025	5/29/2024	5/25/2023	5/27/2022	5/28/2021	5/28/2020
Key Financials
Total Revenue	2,987	2,947	2,749	2,570	2,104	1,983	1,910
EBITDA	308	294	289	249	223	195	172
Operating Income	249	243	226	181	168	166	134
Net Income	112	95	120	124	87	87	72
EPS	4.46	3.81	4.81	5.01	3.50	3.55	2.87
Growth Rates
Total Revenue Growth	3.0%	7.2%	7.0%	22.2%	6.1%	3.8%	-14.2%
EBITDA Growth	-1.1%	1.7%	16.1%	11.7%	13.9%	13.9%	-16.7%
Operating Income Growth	-1.5%	7.9%	24.6%	7.6%	1.2%	24.1%	-26.2%
Net Income Growth	-6.7%	-20.5%	-3.6%	43.3%	-1.0%	21.9%	-31.2%
Margins
EBITDA Margin	10.3%	10.0%	10.5%	9.7%	10.6%	9.9%	9.0%
Operating Income Margin	8.3%	8.3%	8.2%	7.0%	8.0%	8.4%	7.0%
Net Income Margin	3.7%	3.2%	4.4%	4.8%	4.1%	4.4%	3.8%
Cash & Debt
Total Cash	89	260	56	65	82	197	107
Total Debt	1,193	1,104	1,064	849	741	647	483
Net Debt / (Cash)	1,105	844	1,009	785	659	450	375
Cash Flows
Net Cash from Operations	202	327	-75	-11	45	220	11
Free Cash from Operations	157	264	-141	-65	-8	154	-24
Returns to Shareholders
Dividends	80	80	78	77	76	75	75
Share Repurchases	-0	-0	5	3	3	-0	33

$ Mil \| FY: 3/31	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/5/2025	8/6/2025	5/30/2025	4/21/2025	4/21/2025	8/7/2024	5/29/2024	2/7/2024	11/2/2023	8/2/2023	5/25/2023	2/8/2023
Key Financials Quarterly
Total Revenue	754	594	702	937	711	597	771	822	638	518	694	795
Ebitda	80	51	54	122	84	33	88	106	71	24	77	92
Operating Income	68	35	43	104	79	17	68	88	58	11	52	78
Net Income	34	8	9	60	26	0	40	53	28	-2	54	42
EPS	1.36	0.34	0.37	2.39	1.04	0.01	1.62	2.14	1.13	-0.08	2.17	1.68
Key Financials TTM
Total Revenue TTM	2,987	2,944	2,947	3,016	2,900	2,828	2,749	2,672	2,645	2,658	2,570	2,523
Ebitda TTM	308	311	294	328	311	298	289	277	263	245	249	246
Operating Income TTM	249	261	243	269	253	232	226	210	199	179	181	186
Net Income TTM	112	103	95	126	120	122	120	133	121	115	124	96
Growth Rates Quarterly
Total Revenue Growth	6.1%	-0.6%	-8.9%	14.1%	11.3%	15.3%	11.1%	3.3%	-1.9%	20.5%	7.3%	21.8%
EBITDA Growth	-4.4%	53.8%	-38.5%	15.4%	18.7%	40.0%	15.2%	14.8%	34.4%	-12.2%	3.3%	16.8%
Operating Income Growth	-14.7%	102.8%	-37.3%	17.7%	36.9%	56.1%	30.2%	14.0%	52.9%	-16.8%	-8.3%	8.9%
Net Income Growth	31.7%	6436.2%	-76.8%	12.1%	-7.8%	106.3%	-24.9%	27.7%	28.7%	-130.2%	108.4%	19.2%
Margins Quarterly
EBITDA Margin	10.6%	8.6%	7.7%	13.1%	11.8%	5.6%	11.5%	12.9%	11.0%	4.6%	11.0%	11.6%
Operating Income Margin	9.0%	5.9%	6.1%	11.1%	11.2%	2.9%	8.8%	10.8%	9.1%	2.1%	7.5%	9.8%
Net Income Margin	4.5%	1.4%	1.3%	6.4%	3.6%	0.0%	5.2%	6.5%	4.4%	-0.4%	7.7%	5.2%
Cash & Debt
Total Cash	89	178	260	215	80	102	56	74	100	81	65	71
Total Debt	1,193	1,276	1,104	1,187	1,226	1,226	1,064	1,015	952	1,011	849	1,003
Net Debt / (Cash)	1,105	1,097	844	971	1,146	1,124	1,009	941	852	930	785	932
Cash Flows Quarterly
FCF from Operations	33	-205	159	216	15	-62	-28	-57	114	-104	173	162
Cash Flows TTM
FCF from Operations TTM	202	184	327	140	-133	-33	-75	127	346	111	-11	-87
Returns to Shareholders Quarterly
Dividends	20	20	20	20	20	20	20	20	20	19	19	19
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	14.8%	7.4%	10.6%	26.2%	16.1%	5.0%	17.7%	23.7%	16.3%	2.9%	20.1%	21.0%
Return on Invested Capital (ROIC) TTM
ROIC TTM	13.5%	14.0%	16.0%	16.8%	14.1%	13.4%	14.4%	16.2%	16.7%	14.1%	15.9%	11.2%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Tobacco Operations	2,439	2,258	1,836	1,842	1,887
Ingredients Operations	310	312	268	142	23
Total	2,749	2,570	2,104	1,983	1,910

Operating Income by Segment

$ Mil	2025	2024	2023	2022	2021
Tobacco Operations	222	173	158	169	147
Ingredients Operations	4	11	17	0	-9
Equity in pretax earnings (loss) of unconsolidated affiliates	-1	-2	-6	-3	-4
Restructuring and impairment costs	-4	0	-10	-23	-8
Other income		0	3	4
Total	222	181	160	148	126

Assets by Segment

$ Mil	2025	2024	2023	2022	2021
Tobacco Operations	2,452	2,165	2,110	2,002	1,986
Ingredients Operations	485	475	476	340	135
Total	2,937	2,639	2,586	2,342	2,121

Price Behavior

Price Behavior

Market Price	$53.15
Market Cap ($ Bil)	1.3
First Trading Date	01/05/1988
Distance from 52W High	-16.3%
	50 Days	200 Days
DMA Price	$52.88	$54.29
DMA Trend	indeterminate	down
Distance from DMA	0.5%	-2.1%
	3M	1YR
Volatility	20.0%	25.2%
Downside Capture	-35.11	-4.75
Upside Capture	-47.86	-0.12
Correlation (SPY)	-18.9%	11.1%

UVV Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	-0.44	-0.27	-0.23	0.02	0.18	0.33
Up Beta	-0.43	-0.46	-0.22	0.46	0.29	0.39
Down Beta	0.18	-0.20	-0.08	-0.22	0.23	0.27
Up Capture	-10%	-34%	-32%	-22%	1%	9%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	10	14	24	52	114	366
Down Capture	-81%	-15%	-25%	28%	7%	59%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	10	28	39	74	132	378

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of UVV With Other Asset Classes (Last 1Y)
	UVV	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	3.4%	0.5%	17.8%	72.1%	8.6%	4.4%	-8.2%
Annualized Volatility	25.0%	13.9%	19.4%	19.3%	15.2%	17.0%	35.0%
Sharpe Ratio	0.09	-0.20	0.72	2.70	0.34	0.09	-0.08
Correlation With Other Assets		40.3%	11.2%	3.2%	-1.6%	31.6%	0.4%

ETFs used for asset classes: Sector ETF = XLP, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of UVV With Other Asset Classes (Last 5Y)
	UVV	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	7.1%	5.7%	14.7%	18.7%	11.5%	4.6%	30.8%
Annualized Volatility	24.8%	13.0%	17.1%	15.5%	18.7%	18.9%	48.6%
Sharpe Ratio	0.26	0.23	0.70	0.97	0.50	0.16	0.57
Correlation With Other Assets		40.1%	27.2%	10.5%	9.8%	36.7%	13.8%

Based On 10-Year Data

		Comparison of UVV With Other Asset Classes (Last 10Y)
	UVV	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	5.3%	7.3%	14.8%	15.3%	7.0%	5.3%	69.2%
Annualized Volatility	28.7%	14.7%	18.0%	14.7%	17.6%	20.8%	55.8%
Sharpe Ratio	0.23	0.37	0.71	0.86	0.32	0.22	0.90
Correlation With Other Assets		41.2%	32.7%	5.8%	11.9%	37.2%	9.5%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	1,126,936
Short Interest: % Change Since 11302025	3.5%
Average Daily Volume	151,302
Days-to-Cover Short Interest	7.45
Basic Shares Quantity	25,035,110
Short % of Basic Shares	4.5%

Returns Analyses

	Title
0	How Low Can Universal Stock Really Go?

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
11/5/2025	5.3%	2.2%	0.3%
5/29/2025	10.1%	2.0%	-1.9%
2/10/2025	1.4%	-1.0%	0.6%
11/12/2024	-1.3%	3.3%	5.1%
8/7/2024	5.1%	4.5%	5.1%
5/22/2024	-12.7%	-11.2%	-9.7%
2/7/2024	-6.0%	-11.9%	-11.1%
11/2/2023	11.4%	13.3%	30.6%
...
SUMMARY STATS
# Positive	11	12	9
# Negative	13	12	15
Median Positive	3.6%	3.9%	5.1%
Median Negative	-3.8%	-4.6%	-5.7%
Max Positive	11.4%	13.3%	30.6%
Max Negative	-12.7%	-11.9%	-11.1%

	Forward Returns
11/5/2025	5.3%	2.2%	0.3%
5/29/2025	10.1%	2.0%	-1.9%
2/10/2025	1.4%	-1.0%	0.6%
11/12/2024	-1.3%	3.3%	5.1%
8/7/2024	5.1%	4.5%	5.1%
5/22/2024	-12.7%	-11.2%	-9.7%
2/7/2024	-6.0%	-11.9%	-11.1%
11/2/2023	11.4%	13.3%	30.6%
8/2/2023	-1.7%	-4.3%	-5.7%
5/24/2023	0.0%	-3.0%	-5.9%
2/8/2023	1.5%	2.1%	-4.3%
11/3/2022	9.6%	11.9%	13.9%
8/3/2022	-4.6%	-4.9%	-6.2%
5/25/2022	-0.4%	1.1%	-3.2%
2/2/2022	-5.7%	-8.3%	4.8%
11/3/2021	0.8%	1.7%	-0.6%
8/4/2021	-2.4%	-1.0%	-0.9%
5/26/2021	-3.7%	-2.6%	-5.9%
2/8/2021	3.6%	6.8%	15.7%
11/5/2020	-0.6%	7.6%	19.1%
8/5/2020	0.4%	5.4%	-1.5%
5/27/2020	-3.8%	-4.2%	-10.2%
2/4/2020	-5.0%	-5.8%	-9.6%
11/12/2019	-6.6%	-10.6%	-3.7%
SUMMARY STATS
# Positive	11	12	9
# Negative	13	12	15
Median Positive	3.6%	3.9%	5.1%
Median Negative	-3.8%	-4.6%	-5.7%
Max Positive	11.4%	13.3%	30.6%
Max Negative	-12.7%	-11.9%	-11.1%

SEC Filings

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Report Date	Filing Date	Filing
9302025	11052025	10-Q 9/30/2025
6302025	8062025	10-Q 6/30/2025
3312025	5302025	10-K 3/31/2025
12312024	4212025	10-Q 12/31/2024
9302024	4212025	10-Q 9/30/2024
6302024	8072024	10-Q 6/30/2024
3312024	5292024	10-K 3/31/2024
12312023	2072024	10-Q 12/31/2023
9302023	11022023	10-Q 9/30/2023
6302023	8022023	10-Q 6/30/2023
3312023	5252023	10-K 3/31/2023
12312022	2082023	10-Q 12/31/2022
9302022	11032022	10-Q 9/30/2022
6302022	8032022	10-Q 6/30/2022
3312022	5272022	10-K 3/31/2022
12312021	2022022	10-Q 12/31/2021

Insider Activity

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External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Universal (UVV)

Market Price (12/28/2025): $53.18 | Market Cap: $1.3 BilSector: Consumer Staples | Industry: Tobacco

Universal (UVV)

Market Price (12/28/2025): $53.18Market Cap: $1.3 BilSector: Consumer StaplesIndustry: Tobacco

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

UVV Stock

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Fundamental Drivers

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Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

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Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Universal (UVV)

Tobacco Operations

Ingredients Operations

Interactive Breakdown

Better Bets than Universal (UVV)

INDUSTRY: Tobacco

Higher Rev Chg LTM (Value for UVV: 3.0%)

Higher Rev Chg 3Y Avg (Value for UVV: 7.9%)

Higher Op Mgn LTM (Value for UVV: 8.3%)

Higher CFO/Rev LTM (Value for UVV: 6.8%)

Higher FCF/Rev LTM (Value for UVV: 5.3%)

Higher Total Yield (Value for UVV: 14.4%)

SECTOR: Consumer Staples

Higher Rev Chg 3Y Avg | Lower P/S (Values for UVV: 7.9% | 0.4x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for UVV: 7.9% | 5.3x)

Higher Rev Chg LTM (Value for UVV: 3.0%)

Higher Rev Chg 3Y Avg (Value for UVV: 7.9%)

Higher Op Mgn LTM (Value for UVV: 8.3%)

Higher CFO/Rev LTM (Value for UVV: 6.8%)

Higher FCF/Rev LTM (Value for UVV: 5.3%)

Higher Total Yield (Value for UVV: 14.4%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for UVV: 7.9% | 0.4x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for UVV: 7.9% | 5.3x)

Higher Rev Chg LTM (Value for UVV: 3.0%)

Higher Rev Chg 3Y Avg (Value for UVV: 7.9%)

Higher Op Mgn LTM (Value for UVV: 8.3%)

Higher CFO/Rev LTM (Value for UVV: 6.8%)

Higher FCF/Rev LTM (Value for UVV: 5.3%)

Higher Total Yield (Value for UVV: 14.4%)

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Financials

Market Price (12/28/2025): $53.18 | Market Cap: $1.3 Bil
Sector: Consumer Staples | Industry: Tobacco

Market Price (12/28/2025): $53.18
Market Cap: $1.3 Bil
Sector: Consumer Staples
Industry: Tobacco