Professional
Added to YB: 2025-03-14
Pitch date: 2025-03-11
MIDW.L [bullish]
Midwich Group plc
-16.84%
current return
Author Info
Granular Capital is a London based equity manager that was founded in 2018. Our aim is to pursue a concentrated strategy in small and mid-capitalisation stocks in Europe. Our strategy to invest in companies is based off strategic cornerstones. Deep fundamental research allows us to develop conviction in strong businesses with proven quality and long term growth trajectories. This long term approach leads us to partner with aligned management teams, resulting in a low portfolio turnover which supports deep fundamental research. Sign up for the newsletter.
Company Info
Midwich Group plc, together with its subsidiaries, distributes audio visual (AV) solutions to trade customers in the United Kingdom, Ireland, Europe, the Middle East, Africa, the Asia Pacific, and North America.
Market Cap
GBP 187.0M
Pitch Price
GBP 2.28
Price Target
10.10 (+446%)
Dividend
7.14%
EV/EBITDA
7.96
P/E
27.56
EV/Sales
0.28
Sector
Electronic Equipment, Instruments and Components
Category
growth
Midwich Group plc - $MIDW.L
MIDW.L: #1 global specialist AV distributor, 4% mkt share, 20yr 17% rev CAGR. Fenby CEO. 3-4% global TAM, 25% UK. M&A-driven growth, 20%+ ROI. Macro weakness now, but taking share. 9x P/E, 7% div yield. Base case: 25% 5yr IRR. Bull: 35%. Bear: 20%. Key risks: Fenby departure, int'l expansion.
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