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Made Tech Group PLC
(LSE:MTEC)
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Rating:73Outperform
Price Target:
54.00 p
▲(29.34% Upside)
Action:Upgraded
Date:10/01/26
The score is driven primarily by improving financial performance (profitability and cash flow rebound) and a conservatively levered balance sheet, which lowers financial risk. Technicals are supportive with price above key moving averages and positive MACD. Valuation is the main offset, with a P/E around 20.7 and no dividend yield data provided.
Positive Factors
Profitability turnaround
The shift from losses to solid profitability indicates materially improved execution and strengthens the company’s ability to fund operations internally. If maintained, higher earnings can support reinvestment, resilience, and more consistent returns over the next several quarters.
Negative Factors
Gross margin pressure
A sustained decline in gross margin would limit how much revenue growth converts into operating profit and cash flow. It may reduce the benefit of the earnings recovery, constrain reinvestment capacity, and leave results more sensitive to delivery costs or business mix.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability turnaround
The shift from losses to solid profitability indicates materially improved execution and strengthens the company’s ability to fund operations internally. If maintained, higher earnings can support reinvestment, resilience, and more consistent returns over the next several quarters.
Read all positive factors
Made Tech Group PLC (MTEC) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£73.90M
Dividend YieldN/A
Average Volume (3M)845.46K
Price to Earnings (P/E)21.2
Beta (1Y)1.16
Revenue Growth26.81%
EPS Growth150.54%
CountryUK
Employees482
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.02
Shares Outstanding149,287,060
10 Day Avg. Volume914,031
30 Day Avg. Volume845,463
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)3.09
Price to Sales (P/S)0.96
P/FCF Ratio11.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£70.00Price Target Upside67.66% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.03
Revenue Forecast (FY)£63.81M
Made Tech Group PLC Business Overview & Revenue Model
Company Description
Made Tech Group Plc, headquartered in London, UK, since its establishment in 2008, specializes in delivering advanced digital, data, and technology services exclusively to the United Kingdom's public sector. The company's comprehensive offerings i...
Made Tech Group PLC Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
78
Positive
| Breakdown | May 2025 | May 2024 | May 2023 | May 2022 | May 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 58.88M | 46.43M | 38.57M | 40.20M | 29.29M |
| Gross Profit | 16.66M | 14.84M | 14.01M | 14.39M | 11.26M |
| EBITDA | 5.71M | 2.59M | -1.77M | -1.10M | 49.00K |
| Net Income | 3.42M | 1.40M | -2.45M | -1.60M | -308.00K |
Balance Sheet | |||||
| Total Assets | 24.45M | 19.37M | 15.63M | 20.18M | 21.18M |
| Cash, Cash Equivalents and Short-Term Investments | 14.47M | 10.41M | 7.65M | 8.47M | 12.33M |
| Total Debt | 798.00K | 1.09M | 0.00 | 140.00K | 320.00K |
| Total Liabilities | 6.24M | 4.89M | 3.14M | 4.97M | 6.39M |
| Stockholders Equity | 18.22M | 14.49M | 12.49M | 15.21M | 14.79M |
Cash Flow | |||||
| Free Cash Flow | 4.75M | 2.93M | -568.00K | -3.69M | -661.00K |
| Operating Cash Flow | 5.30M | 3.06M | 778.00K | -521.00K | 1.68M |
| Investing Cash Flow | -551.00K | 126.00K | -1.10M | -3.14M | -2.34M |
| Financing Cash Flow | -700.00K | -424.00K | -506.00K | -194.00K | 12.07M |
Made Tech Group PLC Technical Analysis
Positive
41.75
Price Trends
44.60
Positive
41.15
Positive
39.25
Positive
Market Momentum
1.15
Positive
59.61
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MTEC, the sentiment is Positive. The current price of 41.75 is below the 20-day moving average (MA) of 49.73, below the 50-day MA of 44.60, and above the 200-day MA of 39.25, indicating a bullish trend. The MACD of 1.15 indicates Positive momentum. The RSI at 59.61 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:MTEC.
Made Tech Group PLC Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £4.03B | 26.37 | 45.16% | 2.48% | 68.13% | 12.44% | |
73 Outperform | £73.90M | 21.24 | 20.21% | ― | 26.81% | 150.54% | |
73 Outperform | £66.30M | 38.27 | 35.58% | 2.37% | 15.70% | -4.34% | |
70 Neutral | £90.10M | 2.16 | 20.35% | 0.15% | -2.33% | 244.80% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | £114.79M | 45.88 | 4.84% | 9.56% | -25.95% | -83.91% | |
56 Neutral | £76.05M | -120.96 | -1.49% | 2.07% | 0.98% | 93.91% |
* Technology Sector Average
GB:MTEC
Made Tech Group PLC
50.00
17.50
53.85%
GB:FDM
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-18.78%
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89.06
-46.94
-34.51%
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1,904.00
360.94
23.39%
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380.00
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28.04%
GB:TPX
TPXimpact Holdings PLC
82.00
66.75
437.70%
Made Tech Group PLC Corporate Events
Business Operations and StrategyFinancial Disclosures
Made Tech lifts profits and backlog as public-sector tech demand accelerates
Positive
Sep 29, 2026
Made Tech reported strong FY26 results, with revenue up 26.8% to £58.9 million and adjusted EBITDA rising 69% as margins improved and cash balances increased to £14.5 million with no debt. Despite a modest decline in contracted backlog a...
Business Operations and StrategyFinancial Disclosures
Made Tech sets date for full-year results and investor webinar
Neutral
Sep 15, 2026
Made Tech Group PLC will publish its audited results for the year ended 31 May 2026 on 29 September 2026 and plans to brief analysts and investors via a webinar the same day. The scheduled disclosure underscores the company’s efforts to main...
Business Operations and Strategy
Made Tech Secures Key Role in Met Office’s New Delivery Partnerships Framework
Positive
Sep 9, 2026
Made Tech has been appointed as a supplier to three lots under the Met Office’s new four-year Delivery Partnerships Framework 2, covering data, secure services and applications with a combined potential value of £68 million across all s...
Business Operations and StrategyFinancial Disclosures
Made Tech Lifts Guidance After Winning Record £40m UK Government Contract
Positive
Aug 18, 2026
Made Tech Group has been appointed as part of a consortium on a major four-year contract with a UK government department, with an expected value of about £40 million attributable to the company, the largest award in its history. Revenue from ...
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.