# Midwich Group plc (MIDW.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Technology / Electronic Equipment, Instruments & Components. Price 139p, market value 143 millionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Midwich Group plc reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 0.1×**. Each dollar of revenue is priced at 0.1×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 3.6×**. Enterprise value is 3.6× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 46.7%** (5-yr avg 0.1%). Free cash flow equals 46.7% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Gross margin: 17.2%**. Midwich Group plc keeps 17.2% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 1.8%**. 1.8% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: -1.7%**. The company reported a net loss over the last twelve months.
- **Return on equity: -14.1%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 9.1%**. Return on all capital, debt included, is 9.1%.
- **Return on assets: -0.8%**. Each dollar of assets produces -0.8% of profit.

## Growth
- **Revenue growth (1 yr): -1.9%** (3-yr 2.4%/yr, 5-yr 12.7%/yr). Revenue fell 1.9% over the last year, against 12.7% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -246.7%**. Earnings per share fell 246.7%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 56.1%/yr**. Free cash flow has compounded at 56.1% a year over three years.

## Financial health
- **Debt to equity: 1.26**. Debt is 1.26 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 1.8×**. It would take 1.8 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 1.6×**. Operating profit covers interest 1.6×, thin but manageable.
- **Current ratio: 1.55** (quick 0.90). Current assets cover the next year's liabilities 1.55 times.
- **Altman Z-score: 2.98**. A Z-score of 2.98 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.78%** (0p per share, trailing). Midwich Group plc yields 3.78%, an income-level yield.
- **Shareholder yield: 3.8%**. Dividends plus net buybacks return 3.8% of the market value a year.

## Price and momentum
- **Total return (1 yr): -30.6%** (YTD -18.3%, 3-mo 11.4%). The shares are down 30.6% over twelve months including dividends.
- **From 52-week high: -38.5%** (11.0% above the low). Trading 38% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 61**. An RSI of 61 is neutral.
- **Beta (1 yr): 0.81** (volatility 49%). Beta of 0.81 against the FTSE All-Share: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MIDW.L · Page: https://foliofundamentals.com/stocks/midw.l

Not investment advice.