Added to YB: 2024-03-26
Pitch date: 2024-03-22
MIDW.L [neutral]
Midwich Group plc
-52.34%
current return
Author Info
No bio for this author
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 3.88
Price Target
N/A
Dividend
7.14%
EV/EBITDA
7.96
P/E
27.56
EV/Sales
0.28
Sector
Electronic Equipment, Instruments and Components
Category
value
The Dividend Note - what are the risks? $MIDW.L
MIDW.L: Midwich reports record FY23 despite challenges; revenue £1.3B (+7%), 16.8% GM, £41.6M OP (+19%). Strong cash conversion, 14% ROCE. Raised £50M for M&A/debt reduction. Outlook: demand for technical products remains robust. 11x P/E, 4.1% yield. Founder owns 16.8%.
Read full article (4 min)