Midwich Group (MIDW)

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Index:

FTSE AIM 50

278.00p
   
  • Change Today:
    -7.00p
  • 52 Week High: 444.00p
  • 52 Week Low: 263.00p
  • Currency: UK Pounds
  • Shares Issued: 104.25m
  • Volume: 49,297
  • Market Cap: £289.80m
  • Beta: 0.77

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
Interim Dividend5.50p4.50p3.30pn/a4.85p
Final Dividend11.00p10.50p7.80pn/an/a
Total Dividend16.50p15.00p11.10pn/a4.85p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 1,289.14 1,204.05 855.97 711.75 686.24
Operating Profit/(Loss) 41.58 35.05 20.98 7.09 24.93
Net Interest (5.06) (10.14) (2.09) (8.09) (1.15)
Profit Before Tax 36.55 24.92 18.90 (0.99) 23.78
Profit After Tax 28.93 16.85 13.47 (3.39) 18.20
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 28.93 16.85 13.47 (3.39) 18.20
Attributable to:          
Equity Holders of Parent Company 26.82 15.29 12.43 (3.75) 17.18
Minority Interests 2.11 1.56 1.04 0.36 1.02
           
Continuing EPS          
Earnings per Share - Basic 27.98p 17.32p 14.11p (4.32p) 21.67p
Earnings per Share - Diluted 27.06p 16.74p 13.76p (4.32p) 21.31p
Earnings per Share - Adjusted 37.46p 36.08p 25.63p 11.20p 28.49p
Continuing and Discontinued EPS          
Earnings per Share - Basic 27.98p 17.32p 14.11p (4.32p) 21.67p
Earnings per Share - Diluted 27.06p 16.74p 13.76p (4.32p) 21.31p
Earnings per Share - Adjusted 37.46p 36.08p 25.63p 11.20p 28.49p
           
Dividend per Share 16.50p 15.00p 11.10p n/a 4.85p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Assets          
Non-Current Assets          
Property, Plant & Equipment 37.69 36.52 31.62 28.31 28.03
Intangible Assets 168.23 111.77 73.14 58.98 45.30
Investment Properties n/a n/a n/a n/a n/a
Investments 0.30 n/a n/a n/a n/a
Other Financial Assets n/a n/a n/a n/a n/a
Other Non-Current Assets 0.62 2.57 2.72 2.39 2.17
  206.83 150.85 107.48 89.68 75.50
Current Assets          
Inventories 165.59 159.82 125.82 84.00 88.69
Trade & Other Receivables 223.83 218.61 124.26 107.08 104.10
Cash at Bank & in Hand 56.13 25.85 15.48 25.49 13.02
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 2.08 4.63 0.49 0.02 n/a
  447.63 408.92 266.05 216.59 205.81
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 654.47 559.77 373.53 306.26 281.31
           
Liabilities          
Current Liabilities          
Borrowings 49.15 44.96 34.05 30.05 46.53
Other Current Liabilities 264.77 240.20 149.74 120.19 116.43
  313.92 285.15 183.80 150.23 162.96
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 113.18 100.32 60.40 34.72 36.47
Provisions 22.88 14.16 7.76 9.31 9.33
Other Non-Current Liabilities 8.34 26.00 7.17 5.51 7.26
  144.40 140.49 75.33 49.54 53.06
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 458.32 425.64 259.13 199.77 216.02
           
Net Assets 196.14 134.13 114.40 106.49 65.29
           
Capital & Reserves          
Share Capital 1.03 0.89 0.89 0.89 0.80
Share Premium Account 116.96 67.05 67.05 67.05 28.23
Other Reserves (7.83) 6.78 (1.89) 1.97 (2.90)
Retained Earnings 63.09 46.02 39.08 30.44 31.87
Shareholders Funds 173.26 120.74 105.12 100.34 57.99
           
Minority Interests/Other Equity 22.89 13.40 9.28 6.15 7.30
Total Equity 196.14 134.13 114.40 106.49 65.29
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 63.79 26.19 11.49 40.12 17.38
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 (67.41) (33.42) (22.43) (21.50) (17.38)
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 35.68 15.82 0.34 (8.07) (3.71)
Net Increase/Decrease In Cash 32.06 8.58 (10.60) 10.54 (3.71)
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 11.7 11.7 24.5 44.6 19.3
PEG - Adjusted 2.9 0.3 0.2 n/a 3.9
Earnings per Share Growth - Adjusted 4% 41% 129% -61% 5%
Dividend Cover 2.27 2.41 2.31 n/a 5.87
Revenue per Share 1,236.65p 1,155.02p 8.29p 682.77p 658.29p
Pre-Tax Profit per Share 35.06p 23.90p 0.18p (0.95p) 22.81p
Operating Margin 3.23% 2.91% 2.45% 1.00% 3.63%
Return on Capital Employed 19.52% 19.28% 0.15% 5.83% 22.20%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 11.7 11.7 2,431.3 44.6 19.3
PEG - Adjusted 2.9 0.0 n/a n/a 3.9
Earnings per Share Growth - Adjusted 4% 13,846% -98% -61% 5%
Dividend Cover 2.27 2.41 0.02 n/a 5.87
           
Dividend Yield 3.8% 3.6% 1.8% 0.0% 0.9%
Dividend per Share Growth 10.00% 35.14% n/a n/a (68.09%)
Operating Cash Flow per Share 61.19p 25.12p 11.03p 38.49p 16.67p
Cash Incr/Decr per Share 30.75p 8.23p (0.10p) 10.12p (3.56p)
Net Asset Value per Share (exc. Intangibles) 26.78p 21.46p 39.58p 45.57p 19.18p
Net Gearing 61.29% 98.91% 75.13% 39.15% 120.67%

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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