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Mitie Group plc
(LSE:MTO)
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Rating:67Neutral
Price Target:
229.00 p
â–²(9.78% Upside)
Action:Reiterated
Date:10/23/26
The score is driven primarily by solid financial performance (reliable cash generation and revenue growth), tempered by weakening profitability and higher leverage. Technicals are supportive with an uptrend across moving averages, while valuation is a key constraint due to the elevated P/E despite a modest dividend yield.
Positive Factors
Steady revenue growth
Sustained revenue growth indicates Mitie is expanding its earnings base and maintaining demand for its facilities management and professional services. A larger contracted revenue platform can support scale benefits, reinforce customer relationships, and provide a durable foundation for future cash generation.
Negative Factors
Rising leverage
Materially higher debt and debt-to-equity above 1.0 reduce Mitie’s financial flexibility. Greater leverage can direct more future cash toward debt obligations, constrain investment or shareholder distributions, and leave the company less resilient if contract economics or operating conditions weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
Sustained revenue growth indicates Mitie is expanding its earnings base and maintaining demand for its facilities management and professional services. A larger contracted revenue platform can support scale benefits, reinforce customer relationships, and provide a durable foundation for future cash generation.
Read all positive factors
Mitie Group plc (MTO) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£2.67B
Dividend Yield2.14%
Average Volume (3M)5.72M
Price to Earnings (P/E)32.6
Beta (1Y)0.94
Revenue Growth10.55%
EPS Growth-19.05%
CountryUK
Employees68,426
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)0.07
Shares Outstanding1,301,692,100
10 Day Avg. Volume9,606,388
30 Day Avg. Volume5,715,970
Financial Highlights & Ratios
PEG Ratio-1.34
Price to Book (P/B)4.09
Price to Sales (P/S)0.37
P/FCF Ratio9.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£220.00Price Target Upside5.47% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)0.15
Revenue Forecast (FY)£5.99B
Mitie Group plc Business Overview & Revenue Model
Company Description
Mitie Group plc, a company founded in 1936 and based in London, UK, specializes in providing a wide array of strategic outsourcing services both within the United Kingdom and globally. Its operations are organized into eight distinct business segm...
How the Company Makes Money
Mitie primarily makes money by winning and delivering multi-year outsourcing contracts in which it operates, maintains, and supports clients’ buildings, infrastructure, and workplaces. Revenue is generated mainly from recurring service fees billed...
Mitie Group plc Earnings Call Summary
Earnings Call Date:Nov 20, 2025
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 19, 2026
Earnings Call Sentiment Positive
The earnings call reflects a positive outlook with significant revenue growth, a strong order book, and successful integration of a major acquisition. However, challenges remain in maintaining profit margins and addressing inflationary pressures.Positive Updates
Sustained Double-Digit Revenue Growth
Mitie reported a double-digit revenue growth for the fifth consecutive period. Revenue is up 10.4% to GBP 2.7 billion, driven by strong organic growth of 6.4%.
Negative Updates
Profit Margin Pressures
Despite revenue growth, operating profit margins faced pressures with only a slight increase to 4.1%, impacted by inflation and a provision for a loss-making contract.
Read all updates
Q2-2026 Updates
Positive
Negative
Sustained Double-Digit Revenue Growth
Mitie reported a double-digit revenue growth for the fifth consecutive period. Revenue is up 10.4% to GBP 2.7 billion, driven by strong organic growth of 6.4%.
Read all positive updates
Company Guidance
During the call, the guidance provided by Mitie emphasized several key metrics and strategic initiatives. The company confirmed its FY '26 EBIT guidance of GBP 260 million, supported by the successful integration of Marlowe Facilities Compliance and the impact of AI on the business. Mitie reported double-digit revenue growth for the fifth consecutive six-month period, with a 12% annual increase in revenue and a 13% growth in operating profit. The company's free cash flow generation was strong, with a free cash inflow of GBP 51.9 million, and its leverage was modest at 1x EBITDA. The order book grew by 31% year-on-year to GBP 16.5 billion total contract value (TCV), and the pipeline increased to GBP 33 billion TCV. The company also launched a new GBP 100 million buyback program. Additionally, Mitie highlighted the strategic importance of its projects division, with an average project size of GBP 270,000, and discussed the growing opportunities in the facilities compliance market, particularly with new water services driven by regulatory changes. The company's AI strategy is expected to drive margin expansion beyond FY '27. Overall, Mitie expressed confidence in achieving its FY '27 targets and sustaining growth into FY '28.Mitie Group plc Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
58
Neutral
Cash Flow
74
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.62B | 5.08B | 4.45B | 3.94B | 3.90B |
| Gross Profit | 604.20M | 569.70M | 499.90M | 407.30M | 422.90M |
| EBITDA | 315.10M | 269.70M | 249.70M | 205.00M | 137.50M |
| Net Income | 82.60M | 101.40M | 126.30M | 91.10M | 37.70M |
Balance Sheet | |||||
| Total Assets | 2.54B | 2.12B | 1.93B | 1.83B | 1.82B |
| Cash, Cash Equivalents and Short-Term Investments | 108.90M | 176.10M | 244.90M | 248.30M | 345.20M |
| Total Debt | 553.40M | 375.10M | 321.50M | 286.00M | 300.60M |
| Total Liabilities | 2.01B | 1.69B | 1.45B | 1.41B | 1.40B |
| Stockholders Equity | 514.30M | 410.40M | 453.20M | 421.70M | 425.80M |
Cash Flow | |||||
| Free Cash Flow | 215.70M | 188.40M | 177.80M | 69.00M | 198.90M |
| Operating Cash Flow | 249.10M | 220.00M | 197.70M | 94.20M | 234.50M |
| Investing Cash Flow | -273.70M | -77.90M | -41.70M | -35.70M | -30.20M |
| Financing Cash Flow | -47.20M | -206.30M | -158.90M | -156.40M | -55.10M |
Mitie Group plc Technical Analysis
Neutral
208.60
Price Trends
210.00
Negative
193.11
Positive
181.65
Positive
Market Momentum
0.28
Positive
38.32
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MTO, the sentiment is Neutral. The current price of 208.6 is below the 20-day moving average (MA) of 210.41, below the 50-day MA of 210.00, and above the 200-day MA of 181.65, indicating a neutral trend. The MACD of 0.28 indicates Positive momentum. The RSI at 38.32 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:MTO.
Mitie Group plc Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | £2.78B | 18.92 | 17.55% | 1.60% | 1.20% | 221.80% | |
67 Neutral | £2.67B | 32.60 | 15.86% | 2.14% | 10.55% | -19.05% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | £498.53M | 14.77 | 13.74% | 3.51% | 1.73% | 9.66% | |
60 Neutral | £414.31M | 149.29 | 1.30% | 2.32% | 8.11% | -69.68% | |
47 Neutral | £332.98M | -1.66 | -677.10% | 5.94% | -16.13% | -1315.87% | |
44 Neutral | £1.79B | 281.63 | -2.52% | 0.54% | 0.18% | -55.56% |
* Industrials Sector Average
GB:MTO
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Mitie Group plc Corporate Events
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
Mitie–OCS Acquisition Clears Key UK and EU Regulatory Hurdles
Positive
Oct 22, 2026
Mitie and OCS have confirmed that key regulatory milestones have been cleared for OCS’s recommended cash acquisition of Mitie, to be implemented via a UK scheme of arrangement. The UK government’s Investment Security Unit has confirmed...
M&A TransactionsRegulatory Filings and Compliance
Mitie–OCS Deal Clears EU Hurdle as £ Cash Takeover Advances
Positive
Oct 21, 2026
Mitie Group plc has confirmed that its proposed acquisition by OCS Group International Limited, via a court-sanctioned scheme of arrangement, has cleared a key regulatory hurdle with merger control approval from the European Commission. The deal, ...
Executive/Board ChangesRegulatory Filings and Compliance
Mitie Discloses Share Incentive Plan Purchase for CEO Phil Bentley
Positive
Oct 15, 2026
Mitie Group plc has disclosed that the trustees of its Share Incentive Plan purchased ordinary shares on behalf of Chief Executive Phil Bentley, with 71 partnership shares acquired and 35 matching shares awarded to him. The transaction, notified o...
Executive/Board ChangesRegulatory Filings and Compliance
Mitie Discloses Senior Executive’s Exercise of 2021 LTIP Share Options
Neutral
Oct 1, 2026
Mitie Group plc has reported a director-level transaction in its ordinary shares, disclosing that senior executive Simon Kirkpatrick exercised 782,618 nil-cost options granted under the company’s 2021 Long Term Incentive Plan. This LTIP awar...
Regulatory Filings and Compliance
Mitie Directors Increase Holdings with Small Share Purchases
Positive
Oct 1, 2026
Mitie Group plc has disclosed that board members Mary Reilly and Salma Shah acquired 1,135 and 1,744 ordinary shares respectively, following notifications received on 1 October 2026. The share purchases, reported under UK Market Abuse Regulation, ...
Regulatory Filings and Compliance
Mitie updates shareholders on issued share capital and voting rights
Neutral
Oct 1, 2026
Mitie Group plc has confirmed its issued share capital and voting rights as at 30 September 2026, reporting 1,302,110,494 ordinary shares of 2.5p in issue and a total of 1,301,692,145 voting rights. The company also disclosed that 418,349 shares a...
Executive/Board ChangesRegulatory Filings and Compliance
Mitie CEO Exercises Long-Term Incentive Share Options
Neutral
Sep 30, 2026
Mitie Group plc has disclosed a director share transaction involving chief executive Phil Bentley, who exercised 2,683,264 nil-cost options granted in 2021 under the company’s Long Term Incentive Plan. Of the shares acquired, 1,211,710 were ...
Regulatory Filings and Compliance
Mitie Executive Peter Dickinson Sells Over 3.2 Million Shares
Negative
Sep 30, 2026
Mitie Group plc has disclosed that Peter Dickinson, a person discharging managerial responsibilities at the company, sold 3,217,770 ordinary shares on 30 September 2026. The transaction, reported in line with UK Market Abuse Regulation requirement...
Business Operations and StrategyM&A TransactionsShareholder Meetings
Mitie Shareholders Back OCS Cash Takeover, Deal Set for 2027 Completion
Positive
Sep 16, 2026
Mitie shareholders have overwhelmingly approved the recommended cash acquisition of the company by OCS Group International Limited, with more than 99% of votes cast in favour at both the Court Meeting and General Meeting. The approval of these res...
Executive/Board ChangesRegulatory Filings and Compliance
Mitie Discloses Share Incentive Plan Award to CEO Phil Bentley
Neutral
Sep 15, 2026
Mitie Group plc has disclosed a routine director dealing under its Share Incentive Plan, highlighting the continued use of equity-based remuneration to align management interests with shareholders. The company operates in the facilities management...
Regulatory Filings and Compliance
Mitie Discloses Routine Director Share Purchase Under Incentive Plan
Neutral
Sep 7, 2026
Mitie Group plc has disclosed a director share transaction under its Share Incentive Plan, with trustees acquiring ordinary shares on behalf of Chief Executive Phil Bentley through the company’s Dividend Reinvestment Plan. The purchase invol...
Financial DisclosuresRegulatory Filings and Compliance
Mitie updates market on share capital and voting rights
Neutral
Sep 1, 2026
Mitie Group plc has updated the market on its issued share capital and voting rights as at 28 August 2026, reporting 1,302,110,494 ordinary shares in issue and a total of 1,301,575,385 voting rights. The figures include shares held in an employee ...
DividendsRegulatory Filings and Compliance
Mitie Executives Acquire Shares Through Dividend Reinvestment Plan
Positive
Aug 28, 2026
Mitie Group plc has disclosed that two persons discharging managerial responsibilities have acquired additional ordinary shares through the company’s Dividend Reinvestment Plan. Salma Shah received 578 shares and Peter Dickinson acquired 46,...
M&A TransactionsShareholder Meetings
Mitie Directors Strengthen Support for OCS Cash Takeover
Positive
Aug 25, 2026
Mitie has confirmed further details of the recommended cash acquisition of the company by OCS Group International Limited, to be implemented via a court-sanctioned Scheme of Arrangement under UK companies legislation. The announcement updates the ...
Executive/Board ChangesRegulatory Filings and Compliance
Mitie Executive Exercises Over 3 Million Nil-Cost Share Options
Neutral
Aug 21, 2026
Mitie Group plc has disclosed that Peter Dickinson, a senior executive, has exercised substantial nil-cost share options linked to both the Enhanced Delivery Plan and the Long Term Incentive Plan. These options relate to awards granted following M...
Regulatory Filings and Compliance
Mitie Director Exercises Interserve-Linked Share Options and Sells Portion to Cover Tax
Neutral
Aug 21, 2026
Mitie Group plc has disclosed a director dealing involving Simon Kirkpatrick, who exercised 1,391,322 nil-cost share options under the company’s Enhanced Delivery Plan linked to the 2020 acquisition of Interserve Facilities Management. Of th...
Executive/Board ChangesRegulatory Filings and Compliance
Mitie Discloses Share Incentive Award to CEO Phil Bentley
Positive
Aug 17, 2026
Mitie Group plc has disclosed a routine share incentive plan transaction involving Chief Executive Phil Bentley, as required under U.K. Market Abuse Regulation. The company reported that trustees of its Share Incentive Plan purchased 72 partnershi...
Business Operations and StrategyExecutive/Board Changes
Mitie strengthens board with appointment of Andrew Davies as non-executive director
Positive
Aug 17, 2026
Mitie Group plc has appointed Andrew Davies as a Non-Executive Director, with immediate effect, adding him to its Audit Risk, Nomination and Remuneration committees. Davies brings extensive leadership experience in infrastructure, construction, d...
M&A TransactionsRegulatory Filings and Compliance
Mitie Corrects Voting Rights Ahead of OCS Takeover as Directors Back Scheme
Positive
Aug 12, 2026
Mitie has confirmed that, following the transfer of 44,487 shares out of treasury to satisfy employee share option exercises, the company now has 1,301,418,099 ordinary shares in issue attracting voting rights. This corrected total voting rights f...
M&A Transactions
OCS Tightens Grip on Mitie Takeover With Director Voting Commitments
Positive
Aug 12, 2026
Mitie has agreed to a recommended cash acquisition by OCS Group International Limited, to be implemented via a court-approved Scheme of Arrangement under UK company law. The transaction continues to progress under the City Code on Takeovers and Me...
Business Operations and StrategyRegulatory Filings and Compliance
Mitie CEO Exercises Share Options Linked to Interserve FM Deal
Neutral
Aug 12, 2026
Mitie Group plc has disclosed a major share transaction involving chief executive Phil Bentley, who exercised 8,806,611 nil-cost share options granted under the company’s Enhanced Delivery Plan. The options were originally awarded in 2021 in...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
Mitie Confirms Compliance with Post-Takeover Commitments on Marlowe Acquisition
Positive
Aug 4, 2026
Mitie Group plc has confirmed that it has fulfilled the post-offer intentions it set out when it completed its recommended cash and share acquisition of Marlowe plc, now renamed Marlowe Limited, in August 2025. The company’s board has formal...
Business Operations and StrategyRegulatory Filings and Compliance
Mitie clarifies share capital and voting rights for July 2026
Positive
Aug 3, 2026
Mitie Group plc has updated the market on its issued share capital and voting rights as of 31 July 2026, confirming 1,302,110,494 ordinary shares in issue, each carrying one vote, and a total of 1,301,321,429 voting rights. The company holds 789,0...
M&A TransactionsRegulatory Filings and Compliance
OCS Secures Director Support for Cash Acquisition of Mitie
Positive
Jul 30, 2026
OCS Group International Limited has updated its disclosure on irrevocable undertakings in connection with its recommended cash acquisition of Mitie Group plc via a UK scheme of arrangement. Following an amendment to Chetan Patel’s undertakin...
Business Operations and StrategyStock Buyback
Mitie Continues Share Buyback, Cancels 175,000 Shares
Positive
Jul 27, 2026
Mitie Group plc, the U.K.-based facilities management and compliance specialist, has continued to execute its previously announced share buyback programme. The company, which serves blue-chip public and private sector clients with technology-led e...
Regulatory Filings and Compliance
Mitie Discloses Share Purchases by CEO Chet Patel and Associate
Positive
Jul 27, 2026
Mitie Group plc has disclosed acquisitions of ordinary shares by Chief Executive Officer Chet Patel and a closely associated person, in line with the transparency requirements of the U.K. Market Abuse Regulation. Such director-related transactions...
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.