MIDWICH GROUP PLC |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 389 GBX | -1.77% |
|
-1.02% | -10.98% |
| May. 14 | EARNINGS AND TRADING: Various Eateries and Luceco see sales climb | AN |
| May. 14 | Midwich Group plc Approves to Declare A Final Dividend for the Financial Year Ended 31 December 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 437.8 | 437.2 | 553.8 | 372.4 | 443.8 | 402.4 | - | - |
| Enterprise Value (EV) 1 | 507.7 | 476.5 | 632.8 | 491.8 | 550 | 527.6 | 532.8 | 535 |
| P/E ratio | 25.8 x | -116 x | 45.7 x | 24.4 x | 16.1 x | 15.9 x | 13.4 x | 14.3 x |
| Yield | 0.88% | - | 1.76% | 3.55% | 3.78% | 4.22% | 4.47% | 4.73% |
| Capitalization / Revenue | 0.64 x | 0.61 x | 0.65 x | 0.31 x | 0.34 x | 0.3 x | 0.28 x | 0.27 x |
| EV / Revenue | 0.74 x | 0.67 x | 0.74 x | 0.41 x | 0.43 x | 0.39 x | 0.37 x | 0.35 x |
| EV / EBITDA | 13 x | 21 x | 15.8 x | 8.41 x | 7.91 x | 7.37 x | 6.97 x | 6.6 x |
| EV / FCF | 52.9 x | 13 x | 114 x | 32.6 x | 11.5 x | 15.1 x | 14.9 x | 13.5 x |
| FCF Yield | 1.89% | 7.67% | 0.87% | 3.07% | 8.69% | 6.61% | 6.7% | 7.42% |
| Price to Book | 7.52 x | 4.33 x | 5.27 x | 3.09 x | 2.6 x | 2.03 x | 1.81 x | 1.8 x |
| Nbr of stocks (in thousands) | 79,593 | 87,442 | 88,052 | 88,235 | 101,556 | 101,619 | - | - |
| Reference price 2 | 5.500 | 5.000 | 6.290 | 4.220 | 4.370 | 3.960 | 3.960 | 3.960 |
| Announcement Date | 3/10/20 | 3/9/21 | 3/8/22 | 3/14/23 | 3/19/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 686.2 | 711.8 | 856 | 1,204 | 1,289 | 1,357 | 1,433 | 1,510 |
| EBITDA 1 | 39 | 22.7 | 40.1 | 58.5 | 69.5 | 71.62 | 76.43 | 81.02 |
| EBIT 1 | 33.46 | 16.53 | 34.01 | 51.11 | 59.59 | 61.6 | 65.67 | 70.14 |
| Operating Margin | 4.88% | 2.32% | 3.97% | 4.24% | 4.62% | 4.54% | 4.58% | 4.65% |
| Earnings before Tax (EBT) 1 | 23.78 | -0.995 | 18.9 | 24.92 | 36.55 | 36.83 | 41.93 | 37.45 |
| Net income 1 | 17.18 | -3.751 | 12.43 | 15.29 | 26.82 | 24.87 | 28.83 | 24.95 |
| Net margin | 2.5% | -0.53% | 1.45% | 1.27% | 2.08% | 1.83% | 2.01% | 1.65% |
| EPS 2 | 0.2131 | -0.0432 | 0.1376 | 0.1732 | 0.2706 | 0.2494 | 0.2948 | 0.2778 |
| Free Cash Flow 1 | 9.606 | 36.53 | 5.536 | 15.1 | 47.82 | 34.87 | 35.7 | 39.7 |
| FCF margin | 1.4% | 5.13% | 0.65% | 1.25% | 3.71% | 2.57% | 2.49% | 2.63% |
| FCF Conversion (EBITDA) | 24.63% | 160.93% | 13.81% | 25.81% | 68.81% | 48.69% | 46.71% | 49% |
| FCF Conversion (Net income) | 55.91% | - | 44.54% | 98.72% | 178.32% | 140.21% | 123.82% | 159.12% |
| Dividend per Share 2 | 0.0485 | - | 0.1110 | 0.1500 | 0.1650 | 0.1672 | 0.1769 | 0.1874 |
| Announcement Date | 3/10/20 | 3/9/21 | 3/8/22 | 3/14/23 | 3/19/24 | - | - | - |
1GBP in Million2GBP
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 70 | 39.3 | 79 | 119 | 106 | 125 | 130 | 133 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.794 x | 1.731 x | 1.97 x | 2.041 x | 1.528 x | 1.748 x | 1.706 x | 1.637 x |
| Free Cash Flow 1 | 9.61 | 36.5 | 5.54 | 15.1 | 47.8 | 34.9 | 35.7 | 39.7 |
| ROE (net income / shareholders' equity) | 42.7% | 13% | 23.3% | 30.2% | 24.4% | 19.4% | 18.4% | 21.4% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 0.7300 | 1.150 | 1.190 | 1.370 | 1.680 | 1.950 | 2.190 | 2.200 |
| Cash Flow per Share 2 | 0.2200 | 0.4600 | 0.1300 | 0.2900 | 0.6400 | 0.3600 | 0.4000 | 0.4100 |
| Capex 1 | 7.77 | 3.59 | 5.96 | 11.1 | 16 | 11.4 | 11 | 11.7 |
| Capex / Sales | 1.13% | 0.5% | 0.7% | 0.92% | 1.24% | 0.84% | 0.77% | 0.77% |
| Announcement Date | 3/10/20 | 3/9/21 | 3/8/22 | 3/14/23 | 3/19/24 | - | - | - |
1GBP in Million2GBP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
3.96
GBP
Average target price
5.782
GBP
Spread / Average Target
+46.02%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -10.98% | 511M | |
| +14.24% | 1.74B | |
| -7.96% | 215M |
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