Midwich Group (MIDW)

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Index:

FTSE AIM 50

195.50p
   
  • Change Today:
    -5.50p
  • 52 Week High: 440.00
  • 52 Week Low: 193.00
  • Currency: UK Pounds
  • Shares Issued: 104.55m
  • Volume: 941,750
  • Market Cap: £204.39m
  • Beta: 0.01

Dividend Data

  31-Dec-2431-Dec-2331-Dec-2231-Dec-2131-Dec-20
Interim Dividend5.50p5.50p4.50p3.30p4.85p
Final Dividend7.50p11.00p10.50p7.80pn/a
Total Dividend13.00p16.50p15.00p11.10p4.85p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Continuing Operations          
Revenue 1,317.01 1,295.08 1,204.05 855.97 711.75
Operating Profit/(Loss) 24.13 41.58 35.05 20.98 7.09
Net Interest (10.53) (9.55) (10.14) (2.09) (8.09)
Profit Before Tax 22.31 36.55 24.92 18.90 (0.99)
Profit After Tax 16.96 28.93 16.85 13.47 (3.39)
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 16.96 28.93 16.85 13.47 (3.39)
Attributable to:          
Equity Holders of Parent Company 16.03 26.82 15.29 12.43 (3.75)
Minority Interests 0.93 2.11 1.56 1.04 0.36
           
Continuing EPS          
Earnings per Share - Basic 15.69p 27.98p 17.32p 14.11p (4.32p)
Earnings per Share - Diluted 15.18p 27.06p 16.74p 13.76p (4.32p)
Earnings per Share - Adjusted 26.24p 37.46p 36.08p 25.63p 11.20p
Continuing and Discontinued EPS          
Earnings per Share - Basic 15.69p 27.98p 17.32p 14.11p (4.32p)
Earnings per Share - Diluted 15.18p 27.06p 16.74p 13.76p (4.32p)
Earnings per Share - Adjusted 26.24p 37.46p 36.08p 25.63p 11.20p
           
Dividend per Share 13.00p 16.50p 15.00p 11.10p n/a
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Assets          
Non-Current Assets          
Property, Plant & Equipment 38.75 37.69 36.52 31.62 28.31
Intangible Assets 183.96 168.23 111.77 73.14 58.98
Investment Properties n/a n/a n/a n/a n/a
Investments 0.39 0.30 n/a n/a n/a
Other Financial Assets 1.61 2.03 n/a n/a n/a
Other Non-Current Assets 0.15 0.62 2.57 2.72 2.39
  224.86 208.86 150.85 107.48 89.68
Current Assets          
Inventories 174.45 165.59 159.82 125.82 84.00
Trade & Other Receivables 197.56 223.83 218.61 124.26 107.08
Cash at Bank & in Hand 49.16 56.13 25.85 15.48 25.49
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 4.63 0.05 4.63 0.49 0.02
  425.80 445.60 408.92 266.05 216.59
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 650.66 639.78 559.77 373.53 306.26
           
Liabilities          
Current Liabilities          
Borrowings 45.05 49.15 44.96 34.05 30.05
Other Current Liabilities 230.42 250.09 240.20 149.74 120.19
  275.47 299.23 285.15 183.80 150.23
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 157.54 113.18 100.32 60.40 34.72
Provisions 22.09 22.88 14.16 7.76 9.31
Other Non-Current Liabilities 6.41 8.34 26.00 7.17 5.51
  186.04 144.40 140.49 75.33 49.54
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 461.51 443.64 425.64 259.13 199.77
           
Net Assets 189.15 196.14 134.13 114.40 106.49
           
Capital & Reserves          
Share Capital 1.04 1.03 0.89 0.89 0.89
Share Premium Account 116.96 116.96 67.05 67.05 67.05
Other Reserves (6.52) (7.83) 6.78 (1.89) 1.97
Retained Earnings 69.74 63.09 46.02 39.08 30.44
Shareholders Funds 181.22 173.26 120.74 105.12 100.34
           
Minority Interests/Other Equity 7.93 22.89 13.40 9.28 6.15
Total Equity 189.15 196.14 134.13 114.40 106.49
Cash Flow 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Net Cash Flow From Operating Activities 35.28 63.79 26.19 11.49 40.12
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (40.01) (67.41) (33.42) (22.43) (21.50)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (1.30) 35.68 15.82 0.34 (8.07)
Net Increase/Decrease In Cash (6.03) 32.06 8.58 (10.60) 10.54
Ratios - based on IFRS 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Continuing Operations          
PE Ratio - Adjusted 11.1 11.7 11.7 24.5 44.6
PEG - Adjusted n/a 2.9 0.3 0.2 n/a
Earnings per Share Growth - Adjusted -30% 4% 41% 129% -61%
Dividend Cover 2.02 2.27 2.41 2.31 n/a
Revenue per Share 1,259.76p 1,238.78p 1,151.70p 8.27p 680.81p
Pre-Tax Profit per Share 21.34p 34.96p 23.83p 0.18p (0.95p)
Operating Margin 1.83% 3.21% 2.91% 2.45% 1.00%
Return on Capital Employed 14.29% 21.63% 19.28% 0.15% 5.83%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 11.1 11.7 11.7 2,431.3 44.6
PEG - Adjusted n/a 2.9 0.0 n/a n/a
Earnings per Share Growth - Adjusted -30% 4% 13,846% -98% -61%
Dividend Cover 2.02 2.27 2.41 0.02 n/a
           
Dividend Yield 4.5% 3.8% 3.6% 1.8% 0.0%
Dividend per Share Growth (21.21%) 10.00% 35.14% n/a n/a
Operating Cash Flow per Share 33.75p 61.02p 25.05p 10.99p 38.38p
Cash Incr/Decr per Share (5.77p) 30.67p 8.21p (0.10p) 10.09p
Net Asset Value per Share (exc. Intangibles) 4.96p 26.70p 21.39p 39.47p 45.44p
Net Gearing 84.66% 61.29% 98.91% 75.13% 39.15%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

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

Note 2: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Forecast figures based on normalised accounts.

 

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