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Midwich
(LSE:MIDW)
Select Model
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Rating:54Neutral
Price Target:
160.00 p
▲(15.94% Upside)
Action:Reiterated
Date:10/03/26
The score is primarily constrained by weakened financial quality—profitability reversal to a net loss and elevated leverage—despite strong revenue growth and comparatively resilient free cash flow. Technicals are supportive with strong trend/momentum, but overbought signals reduce confidence. Valuation is pressured by loss-making earnings and only a modest dividend yield.
Positive Factors
Strong Revenue Growth
Strong and sustained revenue expansion indicates that Midwich continues to capture demand across its specialist AV and unified communications markets. Continued top-line momentum can support scale benefits, deepen channel relationships, and provide a platform for restoring profitability as product and customer mix develops.
Negative Factors
Profitability Reversal
The move from positive profitability to a net loss shows that strong revenue growth is not currently translating into earnings. Continued margin pressure could restrict reinvestment, weaken returns, and make future performance more dependent on recovering operating efficiency and improving sales mix.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Strong and sustained revenue expansion indicates that Midwich continues to capture demand across its specialist AV and unified communications markets. Continued top-line momentum can support scale benefits, deepen channel relationships, and provide a platform for restoring profitability as product and customer mix develops.
Read all positive factors
Midwich (MIDW) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£173.66M
Dividend Yield3.21%
Average Volume (3M)330.40K
Price to Earnings (P/E)―
Beta (1Y)0.57
Revenue Growth1.59%
EPS Growth-336.93%
CountryUK
Employees1,700
SectorTechnology
Sector Strength88
IndustryTechnology Distributors
Share Statistics
EPS (TTM)-0.16
Shares Outstanding105,145,130
10 Day Avg. Volume297,793
30 Day Avg. Volume330,398
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)1.20
Price to Sales (P/S)0.15
P/FCF Ratio5.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£350.00Price Target Upside153.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.21
Revenue Forecast (FY)£1.29B
Midwich Business Overview & Revenue Model
Company Description
Midwich Group plc, along with its associated companies, operates as a specialist distributor of audio-visual (AV) solutions, catering exclusively to trade partners across an extensive global network. Its operations span the United Kingdom, Ireland...
How the Company Makes Money
Midwich primarily makes money through B2B distribution: it buys hardware (and, where applicable, software-related items) from technology manufacturers and sells those products to trade-channel customers at a higher price, earning a gross margin on...
Midwich Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
45
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.31B | 1.29B | 1.32B | 1.29B | 1.20B | 855.97M |
| Gross Profit | 216.72M | 214.11M | 234.33M | 216.47M | 173.91M | 123.76M |
| EBITDA | 32.48M | 38.43M | 56.89M | 67.47M | 52.45M | 34.32M |
| Net Income | -16.52M | -22.58M | 16.03M | 26.82M | 15.29M | 12.43M |
Balance Sheet | ||||||
| Total Assets | 667.22M | 625.31M | 650.66M | 654.47M | 559.77M | 373.53M |
| Cash, Cash Equivalents and Short-Term Investments | 54.63M | 53.98M | 49.16M | 56.13M | 25.86M | 15.48M |
| Total Debt | 213.35M | 201.06M | 202.59M | 166.94M | 149.33M | 94.45M |
| Total Liabilities | 506.56M | 465.24M | 461.51M | 458.32M | 425.64M | 259.13M |
| Stockholders Equity | 160.66M | 160.07M | 181.22M | 173.25M | 120.74M | 105.12M |
Cash Flow | ||||||
| Free Cash Flow | 31.04M | 37.98M | 20.38M | 47.82M | 9.98M | 3.56M |
| Operating Cash Flow | 36.68M | 43.35M | 35.28M | 63.79M | 21.06M | 9.52M |
| Investing Cash Flow | -11.40M | -21.63M | -40.01M | -67.41M | -33.42M | -22.43M |
| Financing Cash Flow | -7.51M | -16.01M | -1.30M | 35.68M | 15.82M | 338.00K |
Midwich Technical Analysis
Positive
138.00
Price Trends
155.43
Positive
145.83
Positive
155.57
Positive
Market Momentum
1.25
Positive
56.78
Neutral
57.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MIDW, the sentiment is Positive. The current price of 138 is below the 20-day moving average (MA) of 169.56, below the 50-day MA of 155.43, and below the 200-day MA of 155.57, indicating a bullish trend. The MACD of 1.25 indicates Positive momentum. The RSI at 56.78 is Neutral, neither overbought nor oversold. The STOCH value of 57.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:MIDW.
Midwich Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | £254.36M | 46.59 | 11.21% | 0.41% | 7.62% | 7.71% | |
70 Neutral | £87.84M | 2.11 | 20.35% | 0.15% | -2.33% | 244.80% | |
68 Neutral | £219.22M | 138.17 | 3.23% | 0.73% | 20.24% | -62.04% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | £6.64M | -1.70 | -21.33% | 2.45% | 19.66% | -151.99% | |
58 Neutral | £344.42M | -9.64 | -24.38% | 3.68% | -2.68% | 47.33% | |
54 Neutral | £173.66M | -10.81 | -10.30% | 3.21% | 1.59% | -336.93% |
* Technology Sector Average
GB:MIDW
Midwich
168.00
-1.74
-1.02%
GB:CNC
Concurrent Technologies
280.00
45.04
19.17%
GB:NET
Netcall
128.50
3.07
2.45%
GB:NAR
Northamber
24.50
-2.94
-10.71%
GB:RCN
Redcentric
86.50
-34.50
-28.51%
GB:TTG
TT Electronics
193.00
41.20
27.14%
Midwich Corporate Events
Regulatory Filings and Compliance
Midwich CFO Boosts Stake With AIM Share Purchase
Positive
Sep 29, 2026
Midwich Group plc disclosed that its Group Chief Financial Officer, Adam Councell, has purchased 74,586 ordinary shares in the company, acquired via a joint account with his wife, who is classified as a person closely associated under UK MAR. Foll...
Business Operations and StrategyDividendsFinancial Disclosures
Midwich delivers profit growth and returns to statutory profitability despite market headwinds
Positive
Sep 22, 2026
Midwich reported a resilient first half of 2026, with revenue rising 3.2% to £640.3m and adjusted profit before tax up 10.3% to £10.6m, driven by strong double-digit growth in the UK, US and Iberia and the expansion of its unified commun...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.