Mitie Group (MTO)

Sector:

Support

Index:

FTSE 250

109.00p
   
  • Change Today:
    -0.20p
  • 52 Week High: 124.80
  • 52 Week Low: 96.50
  • Currency: UK Pounds
  • Shares Issued: 1,270.23m
  • Volume: 2,426,376
  • Market Cap: £1,384.55m
  • RiskGrade: 216
  • Beta: 1.29

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Annualisation Factor 1.0 1.0 1.0 n/a 0.2
Dividend Yield 3.8% 3.5% 3.3% 0.0% 4.0%
           
Continuing Operations          
PE Ratio - Adjusted 8.5 8.6 6.0 2,010.1 4.0
PE Ratio - Diluted 11.5
9.0		 13.2
9.5		 27.6
6.7		 n/a
22.2		 6.0
4.2
PEG - Adjusted 0.3 2.9 0.0 n/a n/a
PEG - Diluted 0.2
0.3		 0.1
1.6		 n/a
0.0		 n/a
n/a		 0.4
n/a
Return on Capital Employed 84.20%
106.81%		 58.50%
81.05%		 31.55%
71.99%		 0.03%
0.37%		 14.94%
19.75%
Operating Margin 3.67%
4.66%		 2.68%
3.79%		 1.64%
3.95%		 0.13%
2.18%		 2.97%
3.93%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 8.5 8.6 5.9 176,381.8 19.5
PE Ratio - Diluted 11.5
9.0		 13.2
9.5		 16.7
6.6		 n/a
1,779.8		 13.3
20.2
PEG - Adjusted 0.3 8.6 0.0 n/a n/a
PEG - Diluted 0.2
0.3		 0.1
2.4		 n/a
0.0		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Net Gearing 16.90% 8.94% (10.47%) 23.10% 225.09%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Price/Book Value (7.9) (7.7) (5.7) (3.4) (0.9)
Price/Tangible Book Value (7.0) (7.7) (5.7) (3.4) (0.9)
Price/ Cash Flow 6.8 13.3 3.3 30.9 3.3
Price/Revenue 0.30 0.27 0.19 26.67 0.54
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (13.36p) (10.62p) (9.63p) (18.32p) (35.59p)
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Continuing Operations          
Revenue 4,510.70 4,055.10 3,996.80 25.53 434.26
EBITDA 83.10
127.60		 182.30
227.40		 136.00
228.40		 0.56
1.08		 21.84
25.99
Depreciation 82.60
82.60		 (73.60)
(73.60)		 (70.50)
(70.50)		 (0.53)
(0.53)		 (8.93)
(8.93)
Net Interest (9.40)
(9.40)		 (11.50)
(11.50)		 (19.80)
(19.80)		 (0.18)
(0.18)		 (3.24)
(3.24)
Profit Before Tax 156.30
200.80		 105.50
150.60		 52.30
144.70		 (0.14)
0.39		 9.67
13.82
           
Revenue per Share 351.60p 300.73p 286.43p 2.36p 62.07p
Pre-Tax Profit per Share 12.18p
15.65p		 7.82p
11.17p		 3.75p
10.37p		 (0.013p)
0.036p		 1.38p
1.98p
Market Capitalisation £ (Millions) 1,407.42 1,116.82 789.31 897.90 125.20
Enterprise Value (EV) £ (Millions) 1,727.92 1,401.72 1,067.71 1,170.80 443.00
EBITDA/EV 4.81%
7.38%		 13.01%
16.22%		 12.74%
21.39%		 0.05%
0.09%		 4.93%
5.87%
Operating Margin 3.67%
4.66%		 2.68%
3.79%		 1.64%
3.95%		 0.13%
2.18%		 2.97%
3.93%
Capital Employed £ (Millions) 196.80 200.00 228.50 151.10 86.40
Return on Capital Employed 84.20%
106.81%		 58.50%
81.05%		 31.55%
71.99%		 0.03%
0.37%		 14.94%
19.75%
Invested Equity Capital £ (Millions) 499.90 478.90 488.10 428.10 95.20
           
Earnings per Share - Basic 9.80p
12.70p		 6.80p
9.49p		 2.20p
9.01p		 (0.013p)
2.84p		 5.80p
8.19p
Earnings per Share - Diluted 9.10p
11.70p		 6.20p
8.64p		 2.00p
8.17p		 (0.013p)
2.84p		 5.60p
7.99p
Earnings per Share - Adjusted 12.30p 9.50p 9.20p 0.03p 8.30p
Earnings per Share Growth - Basic 44%
34%		 209%
5%		 n/a
218%		 n/a
-65%		 16%
-63%
Earnings per Share Growth - Diluted 47%
35%		 210%
6%		 n/a
188%		 n/a
-64%		 14%
-63%
Earnings per Share Growth - Adjusted 30% 3% 29,301% -100% -35%
PE Ratio - Diluted 11.5
9.0		 13.2
9.5		 27.6
6.7		 n/a
22.2		 6.0
4.2
PEG - Diluted 0.2
0.3		 0.1
1.6		 n/a
0.0		 n/a
n/a		 0.4
n/a
Tax Rate 16.25% 14.81% 45.95% (2.78%) 16.32%
Dividend Cover 3.08
3.17		 3.28
3.27		 5.11
5.00		 n/a
n/a		 6.24
6.16
Interest Cover 12.49
15.76		 8.70
11.99		 3.61
8.23		 0.25
3.10		 3.92
5.17
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 9.80p
12.70p		 6.80p
9.49p		 3.60p
9.18p		 n/a
0.035p		 2.58p
1.70p
Earnings per Share - Diluted 9.10p
11.70p		 6.20p
8.64p		 3.30p
8.33p		 n/a
0.035p		 2.52p
1.66p
Earnings per Share - Adjusted 12.30p 9.50p 9.40p n/a 1.72p
Earnings per Share Growth - Basic 44%
34%		 89%
3%		 n/a
25,876%		 n/a
-98%		 -49%
-92%
Earnings per Share Growth - Diluted 47%
35%		 88%
4%		 n/a
23,458%		 n/a
-98%		 -49%
-92%
Earnings per Share Growth - Adjusted 30% 1% 2,635,812% -100% -87%
PE Ratio - Diluted 11.5
9.0		 13.2
9.5		 16.7
6.6		 n/a
1,779.8		 13.3
20.2
PEG - Diluted 0.2
0.3		 0.1
2.4		 n/a
0.0		 n/a
n/a		 n/a
n/a
Dividend Cover 3.08
3.17		 3.28
3.27		 5.22
5.10		 n/a
n/a		 1.29
1.28
Return on Equity (ROE) 26.19%
32.59%		 19.02%
26.73%		 10.39%
26.24%		 (0.02%)
0.09%		 18.99%
12.51%
Operating Cash Flow per Share 15.41p 6.16p 16.50p 0.021p 10.05p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (0.23p) (7.26p) 10.69p 0.053p 1.04p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 4.00p 2.90p 1.80p n/a 1.33p
Dividend per Share Growth 37.93% 61.11% n/a n/a (78.00%)
Dividend Yield 3.8% 3.5% 3.3% 0.0% 4.0%
Shareholders Funds 453.20 421.70 425.80 357.50 80.50
Net Borrowings £ (Millions) 76.60 37.70 (44.60) 82.60 181.20
Net Asset Value per Share (inc. Intangibles) (14.96p) (10.62p) (9.63p) (18.32p) (35.59p)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Shareholders' Funds inc Intangibles 453.20 421.70 425.80 357.50 80.50
Net Borrowings £ (Millions) 76.60 37.70 (44.60) 82.60 181.20
Net Gearing 16.90% 8.94% (10.47%) 23.10% 225.09%
Cash & Near Cash 244.90 248.30 345.20 196.20 139.50
Cash 54.04% 58.88% 81.07% 54.88% 173.29%
Gross Borrowings 321.50 286.00 300.60 278.80 320.70
Gross Gearing 70.94% 67.82% 70.60% 77.99% 398.39%
Borrowings Under 5 years 321.50 286.00 300.60 278.80 320.70
Under 5 years 70.94% 67.82% 70.60% 77.99% 398.39%
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-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Shareholders' Funds exc Intangibles (191.90) (143.20) (134.40) (198.30) (249.00)
Net Borrowings £ (Millions) 76.60 37.70 (44.60) 82.60 181.20
Net Gearing (39.92%) (26.33%) 33.18% (41.65%) (72.77%)
Cash & Near Cash 244.90 248.30 345.20 196.20 139.50
Cash (127.62%) (173.39%) (256.85%) (98.94%) (56.02%)
Gross Borrowings 321.50 286.00 300.60 278.80 320.70
Gross Gearing 167.54% 199.72% 223.66% 140.60% 128.80%
Borrowings Under 5 years 321.50 286.00 300.60 278.80 320.70
Under 5 years (167.54%) (199.72%) (223.66%) (140.60%) (128.80%)
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-24 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20
Quick Ratio 0.91 0.97 0.91 1.01 0.91
Current Ratio 0.93 0.98 0.92 1.02 0.91

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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