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Mitie Group plc
(LSE:MTO)
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Rating:65Neutral
Price Target:
225.00 p
▲(7.86% Upside)
Action:Reiterated
Date:07/23/26
The score is primarily driven by solid financial momentum and cash generation, offset by rising leverage and softer profitability. Technicals are supportive due to a strong uptrend, but overbought signals raise near-term risk. Valuation is the main drag given the elevated P/E with only moderate dividend yield support.
Positive Factors
Recurring outsourced contract model
Mitie’s core model of multi-year outsourced and recurring contract fees provides predictable revenue streams and strong client stickiness. Long-term public and enterprise contracts support retention, scope expansion and steady cash flow, which is durable across economic cycles.
Negative Factors
Rising leverage and debt load
Material debt growth and debt-to-equity above 1.0 reduce financial flexibility and raise funding risk. Higher leverage increases interest burden and constrains ability to invest in bidding, technology or margin-improvement initiatives, making the business more vulnerable to downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring outsourced contract model
Mitie’s core model of multi-year outsourced and recurring contract fees provides predictable revenue streams and strong client stickiness. Long-term public and enterprise contracts support retention, scope expansion and steady cash flow, which is durable across economic cycles.
Read all positive factors
Mitie Group plc (MTO) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£2.65B
Dividend Yield2.14%
Average Volume (3M)11.67M
Price to Earnings (P/E)32.5
Beta (1Y)1.04
Revenue Growth10.55%
EPS Growth-19.05%
CountryUK
Employees68,426
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)0.07
Shares Outstanding1,301,575,400
10 Day Avg. Volume9,393,793
30 Day Avg. Volume11,666,110
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
£218.75Price Target Upside4.87% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)0.14
Revenue Forecast (FY)£6.00B
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 selling outsourced facilities management services to organisations under contracts that can cover single services (e.g., a specific operational support function) or integrated, multi-service bundles across a client’s...
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
Positive
208.60
Price Trends
190.29
Positive
177.69
Positive
172.16
Positive
Market Momentum
4.24
Positive
73.11
Negative
48.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MTO, the sentiment is Positive. The current price of 208.6 is below the 20-day moving average (MA) of 208.66, above the 50-day MA of 190.29, and above the 200-day MA of 172.16, indicating a bullish trend. The MACD of 4.24 indicates Positive momentum. The RSI at 73.11 is Negative, neither overbought nor oversold. The STOCH value of 48.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | £2.65B | 32.48 | 15.86% | 2.14% | 10.55% | -19.05% | |
65 Neutral | £519.13M | 14.40 | 13.04% | 3.60% | 1.73% | 9.66% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | £2.44B | 16.41 | 17.55% | 1.84% | 1.20% | 221.80% | |
60 Neutral | £376.70M | 135.07 | 1.30% | 2.55% | 8.11% | -69.68% | |
46 Neutral | £309.63M | -1.51 | -677.10% | 5.94% | -16.13% | -1315.87% | |
44 Neutral | £1.75B | 273.00 | -2.52% | 0.55% | 0.18% | -55.56% |
* Industrials Sector Average
GB:MTO
Mitie Group plc
209.80
73.81
54.27%
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252.50
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133.20
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12.61%
GB:SRP
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GB:IWG
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Mitie Group plc Corporate Events
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...
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresShareholder Meetings
Mitie shareholders back all resolutions at 2026 AGM
Positive
Jul 21, 2026
Mitie Group plc reported that all resolutions at its 21 July 2026 Annual General Meeting were approved, with 828,421,796 votes cast, representing 63.60% of its issued share capital. Shareholders backed the annual report and accounts, remuneration ...
Business Operations and StrategyStock BuybackM&A Transactions
Mitie Halts £100m Share Buyback After Recommended OCS Takeover Offer
Neutral
Jul 21, 2026
Mitie Group plc, the U.K. leader in facilities management, transformation and compliance, has built a broad service offering across engineering maintenance, security and hygiene, and specialist projects in decarbonisation, data centres and infrast...
Business Operations and StrategyM&A Transactions
OCS to acquire Mitie in £3.1bn deal to create UK facilities services giant
Positive
Jul 21, 2026
OCS Group International has agreed a recommended cash acquisition of Mitie Group plc, valuing the facilities services provider at up to 221.6 pence per share, including a proposed final dividend, and implying an equity value of about £3.1 bil...
Business Operations and StrategyStock BuybackFinancial Disclosures
Mitie boosts Q1 revenue and pipeline as Marlowe integration and AI drive growth
Positive
Jul 21, 2026
Mitie reported a strong start to FY27, with first-quarter revenue rising 10% to £1.41bn, outpacing the UK facilities management market and supported by 4% organic growth and contributions from the Marlowe acquisition. Contract wins and renewa...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Mitie advances share buyback, trims share capital and voting rights
Positive
Jul 20, 2026
Mitie Group plc has continued to execute its previously announced share buyback programme with the on-market purchase of 875,000 ordinary shares between 13 and 17 July 2026. The shares were acquired via broker Peel Hunt at prices ranging from 148....
Executive/Board ChangesRegulatory Filings and Compliance
Mitie discloses director share purchase under incentive plan
Positive
Jul 16, 2026
Mitie Group plc has reported a routine transaction under its Share Incentive Plan involving Phil Bentley, a senior figure at the company, as required by U.K. Market Abuse Regulation. Trustees of the plan purchased 99 partnership shares and awarded...
Business Operations and StrategyStock Buyback
Mitie cancels 875,000 shares as buyback programme advances
Positive
Jul 13, 2026
Mitie Group plc has continued its share buyback programme, repurchasing a total of 875,000 ordinary shares between 6 and 10 July 2026 through broker Peel Hunt at prices ranging from 148.10p to 153.20p. The company plans to cancel all of these shar...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Mitie cancels further shares under ongoing buyback programme
Positive
Jul 6, 2026
Mitie Group plc has continued executing its previously announced share buyback programme by repurchasing 875,000 ordinary shares of 2.5p each on the London Stock Exchange between 29 June and 3 July 2026, through broker Peel Hunt LLP. The trades we...
Financial DisclosuresRegulatory Filings and Compliance
Mitie updates market on share capital and voting rights
Neutral
Jul 1, 2026
Mitie Group plc has confirmed that, as of 30 June 2026, it had 1,304,560,494 ordinary shares in issue, corresponding to 1,303,549,523 voting rights once treasury holdings are excluded. The update, made in line with UK disclosure rules, also notes ...
Regulatory Filings and Compliance
Mitie directors boost holdings with fresh share purchases
Positive
Jul 1, 2026
Mitie Group plc reported that board members Mary Reilly and Salma Shah acquired 1,503 and 2,220 ordinary shares in the company, respectively, as disclosed under UK Market Abuse Regulation requirements. The share purchases highlight ongoing equity ...
Business Operations and StrategyStock Buyback
Mitie Advances Share Buyback, Cutting Share Count and Signalling Capital Discipline
Positive
Jun 29, 2026
Mitie Group plc has continued its previously announced share buyback programme, repurchasing 875,000 ordinary shares between 22 and 26 June 2026 through broker Peel Hunt LLP at prices ranging from 148.30p to 154.20p. The company plans to cancel th...
Business Operations and StrategyExecutive/Board Changes
Mitie Grants Performance-Linked LTIP Awards to Senior Executives
Positive
Jun 24, 2026
Mitie Group plc has granted long-term incentive plan options over ordinary shares to senior executives Simon Kirkpatrick and Peter Dickinson, tying awards to key financial performance metrics. The LTIP awards are structured around revenue, earning...
Business Operations and StrategyStock Buyback
Mitie cancels 875,000 shares in latest phase of buyback programme
Positive
Jun 22, 2026
Mitie Group has repurchased 875,000 ordinary shares of 2.5 pence each between 15 and 19 June 2026 as part of its ongoing share buyback programme, executed via broker Peel Hunt at prices ranging from 151.70p to 161.30p per share. The company plans ...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Mitie publishes 2026 Annual Report and sets July AGM at The Shard
Neutral
Jun 19, 2026
Mitie Group plc has published its Annual Report and Accounts for the year ended 31 March 2026, following its earlier full-year results announcement. The report, prepared in the ESEF single electronic reporting format, is available on the company&#...
Executive/Board ChangesRegulatory Filings and Compliance
Mitie Reports Executive Share Incentive Plan Purchase for CEO Phil Bentley
Neutral
Jun 17, 2026
Mitie Group plc has disclosed a routine transaction under the U.K. Market Abuse Regulation involving its Share Incentive Plan. The plan’s trustees purchased 94 partnership shares and awarded 47 matching shares in Mitie for Chief Executive Ph...
Executive/Board ChangesRegulatory Filings and Compliance
Mitie Grants Deferred Bonus Share Awards to Senior Executives
Positive
Jun 16, 2026
Mitie has granted conditional awards of ordinary shares to senior executives under its Deferred Bonus Plan, with Chief Executive Phil Bentley receiving 175,434 shares and executive Simon Kirkpatrick receiving 70,271 shares. The awards, made on 12 ...
Business Operations and StrategyStock Buyback
Mitie Cancels Further Shares After £0.875m Buyback Tranche
Positive
Jun 15, 2026
Mitie Group plc has continued its share buyback programme, repurchasing 875,000 ordinary shares between 8 and 12 June 2026 via broker Peel Hunt at prices broadly in the 159p to 165p range. The company intends to cancel these shares, reducing its s...
Executive/Board ChangesRegulatory Filings and Compliance
Mitie Discloses Executive Share Vesting and Sales Under Deferred Bonus Plan
Neutral
Jun 9, 2026
Mitie Group plc has disclosed that senior executives Phil Bentley and Simon Kirkpatrick received ordinary shares under the company’s Deferred Bonus Plan, following the vesting of conditional awards granted in June 2024. The awards resulted i...
Business Operations and StrategyStock Buyback
Mitie cancels 875,000 shares in latest phase of buyback
Positive
Jun 8, 2026
Mitie Group plc has continued executing its share buyback programme, repurchasing 875,000 ordinary shares between 1 and 5 June 2026 at prices broadly in the 170p–180p range through broker Peel Hunt. The company intends to cancel these shares...
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresM&A Transactions
Mitie delivers third year of double-digit growth and boosts shareholder returns
Positive
Jun 4, 2026
Mitie Group reported full-year revenue up 10.5% to £5.62bn and a 13% rise in operating profit before exceptional items to £264m, marking a third consecutive year of double-digit growth. Despite higher financing costs and one-off charges ...
Business Operations and StrategyRegulatory Filings and Compliance
Mitie updates share capital and voting rights for regulatory disclosures
Neutral
Jun 1, 2026
Mitie Group plc has confirmed that as of 29 May 2026 its issued share capital comprised 1,308,410,494 ordinary shares of 2.5p each, with a total of 1,307,076,483 voting rights once treasury holdings and employee benefit trust shares are taken into...
Business Operations and StrategyStock Buyback
Mitie Cancels 700,000 Shares in Ongoing Buyback, Tightening Free Float
Positive
Jun 1, 2026
Mitie Group plc has repurchased 700,000 ordinary shares between 26 and 29 May 2026 under its ongoing share buyback programme, at prices ranging from 177.80p to 180.40p per share, via broker Peel Hunt. The company plans to cancel these shares, leav...
Business Operations and StrategyStock Buyback
Mitie Cancels Further Shares as Buyback Programme Advances
Positive
May 26, 2026
Mitie Group plc has continued to execute its previously announced share buyback programme, repurchasing 875,000 ordinary shares between 18 and 22 May 2026 at prices ranging from 173.6p to 177.6p, with Peel Hunt acting as broker. The company plans ...
Business Operations and StrategyStock Buyback
Mitie tightens share base with latest buyback tranche
Positive
May 18, 2026
Mitie Group plc has continued its ongoing share buyback programme, repurchasing 875,000 ordinary shares between 11 and 15 May 2026 through broker Peel Hunt at prices ranging from 168.60p to 174.70p per share. The company plans to cancel the repurc...
Executive/Board ChangesRegulatory Filings and Compliance
Mitie discloses director share awards under incentive plan
Neutral
May 14, 2026
Mitie Group plc has disclosed a transaction under the UK Market Abuse Regulation involving its Share Incentive Plan. The plan’s trustees purchased 89 partnership shares and awarded 44 matching shares in Mitie for chief executive Phil Bentley...
Business Operations and StrategyStock Buyback
Mitie cancels 700,000 shares in latest buyback round
Positive
May 11, 2026
Mitie Group plc has continued its share buyback programme, repurchasing 700,000 ordinary shares between 5 and 8 May 2026 at prices ranging from 170.10p to 176.30p, via broker Peel Hunt. The company plans to cancel these shares, reducing its share ...
Business Operations and StrategyStock Buyback
Mitie cancels 875,000 shares as buyback programme advances
Positive
May 5, 2026
Mitie Group plc has continued its ongoing share buyback programme, repurchasing 875,000 ordinary shares between 27 April and 1 May 2026 at prices ranging from about 169p to 175p per share through broker Peel Hunt. The company plans to cancel these...
Regulatory Filings and Compliance
Mitie updates market on share capital and voting rights
Neutral
May 1, 2026
Mitie Group plc has confirmed that as of 30 April 2026 its issued share capital comprised 1,311,735,494 ordinary shares of 2.5p each, representing a total of 1,310,063,791 voting rights once treasury shares are excluded. The disclosure, made under...
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.