Professional
Added to YB: 2024-07-24
Pitch date: 2024-07-17
MIDW.L [bullish]
Midwich Group plc
-46.79%
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 3.48
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
TGV Partners Fund Portfolio Holding: Midwich Group plc
MIDW.L: AV distributor, 3x sales & 2x profit since 2017. CEO owns 25%. 1.3B GBP revenue, 10x op profit in 10yrs. COVID impact mixed. Trades at <10x FCF, same price as 2017 despite growth. Owner-managed, customer-centric, structural growth. Undervalued.
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