Mitie Group (MTO)

Sector:

Support

Index:

FTSE 250

121.40p
   
  • Change Today:
      0.40p
  • 52 Week High: 121.80p
  • 52 Week Low: 88.90p
  • Currency: UK Pounds
  • Shares Issued: 1,331.39m
  • Volume: 5,563,069
  • Market Cap: £1,616.30m
  • RiskGrade: 216

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-15
Annualisation Factor 1.0 1.0 n/a 0.2 1.0
Dividend Yield 3.5% 3.3% 0.0% 4.0% 4.2%
           
Continuing Operations          
PE Ratio - Adjusted 8.6 6.0 2,010.1 4.0 11.1
PE Ratio - Diluted 13.2
13.3		 27.6
6.7		 n/a
22.2		 6.0
4.2		 29.0
6.6
PEG - Adjusted 2.9 0.0 n/a n/a 5.6
PEG - Diluted 0.1
n/a		 n/a
0.0		 n/a
n/a		 0.4
n/a		 n/a
n/a
Return on Capital Employed 58.50%
58.50%		 31.55%
71.99%		 0.03%
0.37%		 14.94%
19.75%		 42.04%
89.19%
Operating Margin 2.68%
2.68%		 1.64%
3.95%		 0.13%
2.18%		 2.97%
3.93%		 2.43%
5.19%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 8.6 5.9 176,381.8 19.5 11.1
PE Ratio - Diluted 13.2
13.3		 16.7
6.6		 n/a
1,779.8		 13.3
20.2		 29.0
6.6
PEG - Adjusted 8.6 0.0 n/a n/a 5.6
PEG - Diluted 0.1
n/a		 n/a
0.0		 n/a
n/a		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-15
Net Gearing 8.94% (10.47%) 23.10% 225.09% 49.23%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-15
Price/Book Value (7.7) (5.7) (3.4) (0.9) (3.1)
Price/Tangible Book Value (7.7) (5.7) (3.4) (0.9) (3.1)
Price/ Cash Flow 13.3 3.3 30.9 3.3 6.2
Price/Revenue 0.27 0.19 26.67 0.54 0.22
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (10.62p) (9.63p) (18.32p) (35.59p) (45.28p)
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-15
Continuing Operations          
Revenue 4,051.10 3,996.80 25.53 434.26 2,273.80
EBITDA 182.30
182.30		 136.00
228.40		 0.56
1.08		 21.84
25.99		 88.80
151.60
Depreciation (73.60)
(73.60)		 (70.50)
(70.50)		 (0.53)
(0.53)		 (8.93)
(8.93)		 (33.50)
(33.50)
Net Interest (11.50)
(11.50)		 (19.80)
(19.80)		 (0.18)
(0.18)		 (3.24)
(3.24)		 (14.50)
(14.50)
Profit Before Tax 105.50
105.50		 52.30
144.70		 (0.14)
0.39		 9.67
13.82		 41.50
104.30
           
Revenue per Share 300.44p 286.43p 2.36p 62.07p 632.84p
Pre-Tax Profit per Share 7.82p
7.82p		 3.75p
10.37p		 (0.013p)
0.036p		 1.38p
1.98p		 11.55p
29.03p
Market Capitalisation £ (Millions) 1,116.82 789.31 897.90 125.20 533.75
Enterprise Value (EV) £ (Millions) 1,401.72 1,067.71 1,170.80 443.00 814.75
EBITDA/EV 13.01%
13.01%		 12.74%
21.39%		 0.05%
0.09%		 4.93%
5.87%		 10.90%
18.61%
Operating Margin 2.68%
2.68%		 1.64%
3.95%		 0.13%
2.18%		 2.97%
3.93%		 2.43%
5.19%
Capital Employed £ (Millions) 200.00 228.50 151.10 86.40 133.20
Return on Capital Employed 58.50%
58.50%		 31.55%
71.99%		 0.03%
0.37%		 14.94%
19.75%		 42.04%
89.19%
Invested Equity Capital £ (Millions) 478.90 488.10 428.10 95.20 389.90
           
Earnings per Share - Basic 6.80p
6.76p		 2.20p
9.01p		 (0.013p)
2.84p		 5.80p
8.19p		 5.01p
22.13p
Earnings per Share - Diluted 6.20p
6.15p		 2.00p
8.17p		 (0.013p)
2.84p		 5.60p
7.99p		 4.91p
21.50p
Earnings per Share - Adjusted 9.50p 9.20p 0.03p 8.30p 12.81p
Earnings per Share Growth - Basic 209%
-25%		 n/a
218%		 n/a
-65%		 16%
-63%		 -28%
-7%
Earnings per Share Growth - Diluted 210%
-25%		 n/a
188%		 n/a
-64%		 14%
-63%		 -27%
-7%
Earnings per Share Growth - Adjusted 3% 29,301% -100% -35% 2%
PE Ratio - Diluted 13.2
13.3		 27.6
6.7		 n/a
22.2		 6.0
4.2		 29.0
6.6
PEG - Diluted 0.1
n/a		 n/a
0.0		 n/a
n/a		 0.4
n/a		 n/a
n/a
Tax Rate 14.81% 45.95% (2.78%) 16.32% 14.22%
Dividend Cover 3.28
2.33		 5.11
5.00		 n/a
n/a		 6.24
6.16		 2.12
3.66
Interest Cover 8.70
8.70		 3.61
8.23		 0.25
3.10		 3.92
5.17		 3.80
8.05
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 6.80p
6.76p		 3.60p
9.18p		 n/a
0.035p		 2.58p
1.70p		 5.01p
22.13p
Earnings per Share - Diluted 6.20p
6.15p		 3.30p
8.33p		 n/a
0.035p		 2.52p
1.66p		 4.91p
21.50p
Earnings per Share - Adjusted 9.50p 9.40p n/a 1.72p 12.81p
Earnings per Share Growth - Basic 89%
-26%		 n/a
25,876%		 n/a
-98%		 -49%
-92%		 -28%
-7%
Earnings per Share Growth - Diluted 88%
-26%		 n/a
23,458%		 n/a
-98%		 -49%
-92%		 -27%
-7%
Earnings per Share Growth - Adjusted 1% 2,635,812% -100% -87% 2%
PE Ratio - Diluted 13.2
13.3		 16.7
6.6		 n/a
1,779.8		 13.3
20.2		 29.0
6.6
PEG - Diluted 0.1
n/a		 n/a
0.0		 n/a
n/a		 n/a
n/a		 n/a
n/a
Dividend Cover 3.28
2.33		 5.22
5.10		 n/a
n/a		 1.29
1.28		 2.12
3.66
Return on Equity (ROE) 19.02%
19.02%		 10.39%
26.24%		 (0.02%)
0.09%		 18.99%
12.51%		 8.98%
20.39%
Operating Cash Flow per Share 6.16p 16.50p 0.021p 10.05p 22.91p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (7.26p) 10.69p 0.053p 1.04p 2.23p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 2.90p 1.80p n/a 1.33p 6.04p
Dividend per Share Growth 61.11% n/a n/a (78.00%) 6.36%
Dividend Yield 3.5% 3.3% 0.0% 4.0% 4.2%
Shareholders Funds 421.70 425.80 357.50 80.50 375.00
Net Borrowings £ (Millions) 37.70 (44.60) 82.60 181.20 184.60
Net Asset Value per Share (inc. Intangibles) (10.62p) (9.63p) (18.32p) (35.59p) (46.20p)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-15
Shareholders' Funds inc Intangibles 421.70 425.80 357.50 80.50 375.00
Net Borrowings £ (Millions) 37.70 (44.60) 82.60 181.20 184.60
Net Gearing 8.94% (10.47%) 23.10% 225.09% 49.23%
Cash & Near Cash 248.30 345.20 196.20 139.50 96.40
Cash 58.88% 81.07% 54.88% 173.29% 25.71%
Gross Borrowings 286.00 300.60 278.80 320.70 281.00
Gross Gearing 67.82% 70.60% 77.99% 398.39% 74.93%
Borrowings Under 5 years 286.00 300.60 278.80 320.70 281.00
Under 5 years 67.82% 70.60% 77.99% 398.39% 74.93%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-15
Shareholders' Funds exc Intangibles (143.20) (134.40) (198.30) (249.00) (166.00)
Net Borrowings £ (Millions) 37.70 (44.60) 82.60 181.20 184.60
Net Gearing (26.33%) 33.18% (41.65%) (72.77%) n/a
Cash & Near Cash 248.30 345.20 196.20 139.50 96.40
Cash (173.39%) (256.85%) (98.94%) (56.02%) (58.07%)
Gross Borrowings 286.00 300.60 278.80 320.70 281.00
Gross Gearing 199.72% 223.66% 140.60% 128.80% 169.28%
Borrowings Under 5 years 286.00 300.60 278.80 320.70 281.00
Under 5 years (199.72%) (223.66%) (140.60%) (128.80%) (169.28%)
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar-15
Quick Ratio 0.97 0.91 1.01 0.91 1.06
Current Ratio 0.98 0.92 1.02 0.91 1.08

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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