Announcement • Apr 18
Mitie Group plc Provides Earnings Guidance for the Fiscal 2026 Mitie Group plc provided earnings guidance for the fiscal 2026. For the period, the company expects group revenue of £5,650 million compared to group revenue was £5,083 million reported for the same period in 2025. Buy Or Sell Opportunity • Apr 15
Now 21% undervalued Over the last 90 days, the stock has risen 6.0% to UK£1.80. The fair value is estimated to be UK£2.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 78% in the next 2 years. Buy Or Sell Opportunity • Feb 24
Now 20% undervalued Over the last 90 days, the stock has risen 12% to UK£1.78. The fair value is estimated to be UK£2.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 78% in the next 2 years. Major Estimate Revision • Jan 28
Consensus EPS estimates fall by 19% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from UK£0.092 to UK£0.075 per share. Revenue forecast steady at UK£5.65b. Net income forecast to grow 29% next year vs 38% growth forecast for Commercial Services industry in the United Kingdom. Consensus price target up from UK£1.92 to UK£1.97. Share price was steady at UK£1.68 over the past week. Announcement • Jan 15
Mitie Group plc Announces Termination of Roger Yates as Director, Effective December 31, 2025 Mitie Group plc announced the termination of the director appointment of Mr. Roger Yates. The effective date of termination is December 31, 2025. Upcoming Dividend • Jan 01
Upcoming dividend of UK£0.014 per share Eligible shareholders must have bought the stock before 08 January 2026. Payment date: 20 February 2026. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of British dividend payers (5.6%). Higher than average of industry peers (2.2%). Recent Insider Transactions • Nov 24
CEO & Executive Director recently bought UK£301k worth of stock On the 20th of November, Phil Bentley bought around 195k shares on-market at roughly UK£1.54 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Phil has been a buyer over the last 12 months, purchasing a net total of UK£443k worth in shares. Reported Earnings • Nov 21
First half 2026 earnings released: EPS: UK£0.026 (vs UK£0.03 in 1H 2025) First half 2026 results: EPS: UK£0.026 (down from UK£0.03 in 1H 2025). Revenue: UK£2.68b (up 10% from 1H 2025). Net income: UK£31.5m (down 15% from 1H 2025). Profit margin: 1.2% (down from 1.5% in 1H 2025). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Commercial Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 17
Mitie Appoints Sam White as Managing Director of Technical Services, Effective 1 December 2025 Mitie has appointed Sam White as its new Managing Director of Technical Services. Sam will assume his new role on 1 December 2025 and take a seat on Mitie's Group Executive. Sam brings over 25 years' experience in complex engineering and technical environments, including senior executive roles at Babcock International and BAE Systems. Sam's most recent role was Managing Director, Natural Resources, for Costain. Sam is a graduate of the Harvard Business School Advanced Management Programme, holds an MBA from the University of Strathclyde, and a BSc in Business from the University of Wales. He is also a qualified executive coach from Henley Business School and a passionate advocate for inclusion, diversity, and social mobility. Sam will oversee the Technical Services business which is the UK's largest provider of engineering assets to both the public and private sectors. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to UK£1.59, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Commercial Services industry in the United Kingdom. Total returns to shareholders of 165% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.54 per share. Recent Insider Transactions Derivative • Sep 25
CEO & Executive Director exercised options and sold UK£2.8m worth of stock On the 22nd of September, Phil Bentley exercised options to acquire 2m shares at no cost and sold these for an average price of UK£1.38 per share. This trade did not impact their existing holding. For the year to March 2019, Phil's total compensation was 14% salary and 86% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Phil's direct individual holding has increased from 9.78m shares to 10.35m. Company insiders have collectively sold UK£7.0m more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • Aug 11
Price target increased by 7.0% to UK£1.74 Up from UK£1.63, the current price target is an average from 7 analysts. New target price is 18% above last closing price of UK£1.48. Stock is up 23% over the past year. The company is forecast to post earnings per share of UK£0.097 for next year compared to UK£0.082 last year. Major Estimate Revision • Aug 10
Consensus EPS estimates fall by 13%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from UK£5.39b to UK£5.48b. EPS estimate fell from UK£0.114 to UK£0.099 per share. Net income forecast to grow 20% next year vs 35% growth forecast for Commercial Services industry in the United Kingdom. Consensus price target up from UK£1.63 to UK£1.74. Share price rose 5.7% to UK£1.47 over the past week. Recent Insider Transactions • Jun 22
Chief Legal Officer recently sold UK£848k worth of stock On the 19th of June, Peter Dickinson sold around 610k shares on-market at roughly UK£1.39 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of UK£4.8m more than they bought in the last 12 months. Major Estimate Revision • Jun 15
Consensus EPS estimates increase by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from UK£5.31b to UK£5.41b. EPS estimate increased from UK£0.094 to UK£0.115 per share. Net income forecast to grow 27% next year vs 28% growth forecast for Commercial Services industry in the United Kingdom. Consensus price target up from UK£1.52 to UK£1.63. Share price rose 5.7% to UK£1.44 over the past week. Price Target Changed • Jun 10
Price target increased by 7.4% to UK£1.63 Up from UK£1.52, the current price target is an average from 5 analysts. New target price is 14% above last closing price of UK£1.43. Stock is up 23% over the past year. The company is forecast to post earnings per share of UK£0.11 for next year compared to UK£0.082 last year. Reported Earnings • Jun 06
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: UK£0.082 (down from UK£0.098 in FY 2024). Revenue: UK£5.08b (up 14% from FY 2024). Net income: UK£101.4m (down 20% from FY 2024). Profit margin: 2.0% (down from 2.8% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.5%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Commercial Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jun 05
Now 26% undervalued Over the last 90 days, the stock has risen 20% to UK£1.39. The fair value is estimated to be UK£1.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 56%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to UK£1.31, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Commercial Services industry in the United Kingdom. Total returns to shareholders of 179% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£1.82 per share. Announcement • Mar 19
Mitie Group plc Announces Board Changes Mitie Group plc announced the appointment of a new Chair-Elect. Christopher Rogers joins the Board with immediate effect and will take over as Chair from Derek Mapp at the AGM on 22 July 2025, when Derek will step down as Chair and leave the Board after 8 years of service. Chris is currently Chair of Wickes Group plc and Senior Independent Director at Kerry Group plc. He brings significant Board experience across a range of sectors having been also a Non-executive Director at Vivo Energy plc and Travis Perkins plc. In his executive career Chris was an Executive Director of Whitbread plc from 2005-2016 where he held the position of CFO from 2005-2012 and then Global Managing Director of Costa Coffee from 2012-2016. Prior to Whitbread Chris held senior commercial and finance roles at Kingfisher plc and Woolworths Group. Announcement • Jan 23
Mitie Group plc Provides Revenue Guidance for the Fourth Quarter and Fiscal Year 2025 Mitie Group plc provided revenue guidance for the fourth quarter and fiscal year 2025. For the quarter, the company expects good revenue momentum to continue in Fourth Quarter (typically strongest quarter), albeit against a strong prior year comparative for projects work, and with a reduced contribution from 'surge response' security work and M&A.
As such, The company expects s Fourth Quarter revenue growth to moderate, resulting in low double-digit growth in FY25 comfortably ahead of the wider FM market and annual high single digit revenue growth target. Upcoming Dividend • Dec 12
Upcoming dividend of UK£0.013 per share Eligible shareholders must have bought the stock before 19 December 2024. Payment date: 04 February 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of British dividend payers (5.6%). Higher than average of industry peers (2.3%). Declared Dividend • Nov 24
First half dividend increased to UK£0.013 Dividend of UK£0.013 is 30% higher than last year. Ex-date: 19th December 2024 Payment date: 4th February 2025 Dividend yield will be 4.0%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Nov 22
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 44% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (44% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (UK£5.6m sold). Announcement • Nov 21
Mitie Group plc Declares Interim Dividend, Payable on 4 February 2025 The Board of Mitie Group plc has declared an interim dividend of 1.3 pence per share, consistent with its approach of setting the interim dividend at one third of the prior year total dividend (FY24: 4.0 pence per share). The interim dividend will be paid on 4 February 2025 to all shareholders that are on the register at 20 December 2024. Shares in Mitie will be quoted ex-dividend on 19 December 2024 and the dividend reinvestment plan (DRIP) election date is 9 January 2025. Announcement • Oct 25
Mitie Group plc (LSE:MTO) acquired Argus Fire for €38 million. Mitie Group plc (LSE:MTO) acquired Argus Fire for €38 million on October 24, 2024. The acquisition was funded from Mitie's existing facilities.
As of March 31, 2024, Argus fire has reported total revenues of £44.3 million and EBITDA of £3.8 million.
Emmet Keating of Headpoint Advisors Limited acted as financial advisor for Argus Fire.
Mitie Group plc (LSE:MTO) completed the acquisition of Argus Fire on October 24, 2024. Recent Insider Transactions • Oct 20
CEO & Executive Director recently sold UK£5.6m worth of stock On the 16th of October, Phil Bentley sold around 5m shares on-market at roughly UK£1.17 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Phil has been a net seller over the last 12 months, reducing personal holdings by UK£5.6m. Announcement • Oct 15
Mitie Group plc Provides Revenue Guidance for the Second Quarter and Six Months Ended September 30, 2024 Mitie Group plc provided revenue guidance for the second quarter and six months ended September 30, 2024. For the six months, the company's revenue expected to increase by approximately 13% to approximately £2.4 billion (Half year of fiscal year 2024: £2.1 billion), including approximately 7% organic growth driven by new contract wins and scope increases, pricing and projects.
For the quarter, Second Quarter year on year revenue growth (approximately 16%) expected to exceed First Quarter (10.5%), as a result of good First Quarter wins and the provision of 'surge response' security services. Recent Insider Transactions Derivative • Aug 05
CEO & Executive Director exercised options and sold UK£2.7m worth of stock On the 31st of July, Phil Bentley exercised options to acquire 2m shares at no cost and sold these for an average price of UK£1.20 per share. This trade did not impact their existing holding. For the year to March 2018, Phil's total compensation was 6% salary and 94% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2023, Phil's direct individual holding has increased from 11.95m shares to 14.32m. Company insiders have collectively sold UK£2.9m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Jul 17
Mitie Group plc (LSE:MTO) entered into an agreement to acquire Esm Power Limited for £8.5 million. Mitie Group plc (LSE:MTO) entered into an agreement to acquire Esm Power Limited for £8.5 million on July 17, 2024. The purchase price comprising an initial payment of £5.5 million and performance-linked deferred payments of up to £3 million over two years. The acquisition will be funded from Mitie's existing facilities.
In the 12 months ended 30 April 2024, ESM Power delivered total revenue of £25.5 million and EBITDA of £2.2 million.
The expected completion of the transaction is July 31, 2024. Recent Insider Transactions Derivative • Jun 27
CFO & Executive Director exercised options and sold UK£409k worth of stock On the 21st of June, Simon Kirkpatrick exercised options to acquire 349k shares at no cost and sold these for an average price of UK£1.17 per share. This trade did not impact their existing holding. Since September 2023, Simon's direct individual holding has increased from 543.72k shares to 932.73k. Company insiders have collectively sold UK£197k more than they bought, via options and on-market transactions in the last 12 months. Announcement • Jun 19
Mitie Group plc to Report First Half, 2025 Results on Nov 21, 2024 Mitie Group plc announced that they will report first half, 2025 results on Nov 21, 2024 Upcoming Dividend • Jun 16
Upcoming dividend of UK£0.03 per share Eligible shareholders must have bought the stock before 20 June 2024. Payment date: 05 August 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (2.1%). Major Estimate Revision • Jun 14
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from UK£4.76b to UK£4.81b. EPS estimate increased from UK£0.095 to UK£0.105 per share. Net income forecast to grow 5.3% next year vs 8.5% growth forecast for Commercial Services industry in the United Kingdom. Consensus price target of UK£1.42 unchanged from last update. Share price was steady at UK£1.17 over the past week. Declared Dividend • Jun 09
Final dividend increased to UK£0.03 Dividend of UK£0.03 is 36% higher than last year. Ex-date: 20th June 2024 Payment date: 5th August 2024 Dividend yield will be 3.4%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 07
Full year 2024 earnings released: EPS: UK£0.098 (vs UK£0.068 in FY 2023) Full year 2024 results: EPS: UK£0.098 (up from UK£0.068 in FY 2023). Revenue: UK£4.45b (up 13% from FY 2023). Net income: UK£126.3m (up 39% from FY 2023). Profit margin: 2.8% (up from 2.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Commercial Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Apr 17
Mitie Group plc (LSE:MTO) commences an Equity Buyback Plan for 135,558,827 shares, representing 9.93% of its issued share capital, under the authorization approved on July 25, 2023. Mitie Group plc (LSE:MTO) commences share repurchases on April 16, 2024, under the program mandated by the shareholders in the Annual General Meeting held on July 25, 2023. As per the mandate, the company is authorized to repurchase up to 135,558,827 shares, representing 9.93% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is £0.03 and the maximum price which may be paid for each ordinary share is the higher an amount equal to 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List of the UK Listing Authority for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System. The shares purchased may either be cancelled or held as treasury shares, which may then be cancelled, sold for cash, or used to meet the company’s obligations under its employee share schemes. The authority shall expire earlier of September 30, 2024 or at the conclusion of the next Annual General Meeting of the company. As of June 6, 2023, the company had 1,365,602,569 ordinary shares in issue and 10,014,298 ordinary shares in treasury.
On April 15, 2024, the company announced a share repurchase program. Under the program, the company will repurchase £50 million worth of its shares. The purpose of the program is to purchase shares for all employee incentive schemes, to eliminate the otherwise dilutive effect to shareholders of issuing new shares to fulfil the schemes. Ordinary Shares acquired in excess of this number will be cancelled.
On the same day, the company has entered into an agreement with Peel Hunt LLP ("Peel Hunt") in respect of the first £25 million (excluding expenses). The repurchases will be commencing on April 15, 2024, and ending no later than September 30, 2024. Price Target Changed • Apr 15
Price target increased by 8.8% to UK£1.41 Up from UK£1.29, the current price target is an average from 5 analysts. New target price is 18% above last closing price of UK£1.19. Stock is up 46% over the past year. The company is forecast to post earnings per share of UK£0.073 for next year compared to UK£0.068 last year.