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M Winkworth
(LSE:WINK)
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Rating:69Neutral
Price Target:
200.00 p
▲(15.94% Upside)
Action:Downgraded
Date:09/22/26
The score is driven primarily by strong financial fundamentals (debt-free balance sheet and solid free cash flow) and supportive valuation (moderate P/E and high dividend yield). These positives are moderated by weak technical momentum (price below key moving averages with negative MACD and very low RSI) and earnings-call risks tied to exceptional legal/advisory costs and dividend uncertainty despite resilient underlying trading.
Positive Factors
Debt-free balance sheet and cash generation
A debt-free balance sheet and strong free cash flow provide financial flexibility through changing property conditions. This supports investment in the franchise network and digital platform, helps absorb exceptional costs, and preserves capacity for dividends or other shareholder returns.
Negative Factors
Ongoing legal and advisory cost burden
Ongoing legal and advisory costs are directly reducing reported profitability and create uncertainty around the timing and total scale of the burden. Until these matters are resolved, they may constrain investment, reduce distributable cash, and complicate assessment of normalized earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet and cash generation
A debt-free balance sheet and strong free cash flow provide financial flexibility through changing property conditions. This supports investment in the franchise network and digital platform, helps absorb exceptional costs, and preserves capacity for dividends or other shareholder returns.
Read all positive factors
M Winkworth (WINK) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£23.56M
Dividend Yield7.23%
Average Volume (3M)4.77K
Price to Earnings (P/E)14.8
Beta (1Y)-0.09
Revenue Growth-5.69%
EPS Growth-2.22%
CountryUK
Employees71
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.12
Shares Outstanding12,908,792
10 Day Avg. Volume5,962
30 Day Avg. Volume4,773
Financial Highlights & Ratios
PEG Ratio-2.00
Price to Book (P/B)3.55
Price to Sales (P/S)2.24
P/FCF Ratio10.89
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.15
Revenue Forecast (FY)£10.23M
M Winkworth Business Overview & Revenue Model
Company Description
M Winkworth PLC serves as the franchisor for its extensive network of Winkworth real estate agencies across the United Kingdom, France, and Portugal. The company's primary services include offering real estate sales franchise opportunities, reside...
M Winkworth Earnings Call Summary
Earnings Call Date:Sep 16, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Apr 21, 2027
Earnings Call Sentiment Positive
The call was cautiously positive overall. Management highlighted resilient trading, 9% growth in operating profit before exceptional items, a 39% increase in operating cash generation, growth in lettings and property management, network expansion, improved London market share, and continued digital investment. These positives were partly offset by reported profit before tax being materially below market expectations because of ongoing legal and advisory costs, a 5% decline in H1 profit before tax, lower revenue, office closures, property-market weakness, and uncertainty around future dividend decisions.Positive Updates
H1 Trading Broadly in Line with Expectations
H1 2026 traded broadly in line with management expectations, and management expects underlying 2026 profit before tax to be slightly ahead.
Negative Updates
Reported Profit Before Tax Below Expectations
Reported full-year profit before tax is expected to be materially below market expectations because of ongoing legal and advisory costs. H1 profit before tax was down 5% to GBP 0.78 million.
Read all updates
Q2-2026 Updates
Positive
Negative
H1 Trading Broadly in Line with Expectations
H1 2026 traded broadly in line with management expectations, and management expects underlying 2026 profit before tax to be slightly ahead.
Read all positive updates
Company Guidance
H1 2026 traded broadly in line with management expectations; underlying 2026 PBT expects to be slightly ahead, while reported PBT for full year materially below market expectations due to ongoing legal and advisory costs. Management expects the London market in 2026 versus 2025 to come in slightly below, with overall U.K. transactions 4% down. There are six offices in the pipeline, including one new office, and the new website platform should be with us this year. Future dividend decisions will be made prudently, taking account of trading the group's cash requirements, investment opportunities, and clearly the costs arising from the ongoing matters, while management said it will be looking to pay them, as it always has done.M Winkworth Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
88
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.23M | 10.74M | 10.79M | 9.27M | 9.31M | 9.45M |
| Gross Profit | 8.61M | 9.09M | 9.13M | 7.69M | 7.71M | 8.16M |
| EBITDA | 2.36M | 2.27M | 2.99M | 2.72M | 3.00M | 3.73M |
| Net Income | 1.59M | 1.63M | 1.76M | 1.67M | 1.95M | 2.52M |
Balance Sheet | ||||||
| Total Assets | 9.48M | 8.61M | 9.22M | 9.30M | 8.90M | 8.87M |
| Cash, Cash Equivalents and Short-Term Investments | 3.73M | 3.90M | 4.08M | 4.55M | 5.25M | 5.02M |
| Total Debt | 567.00K | 383.00K | 772.00K | 940.00K | 633.00K | 871.00K |
| Total Liabilities | 2.97M | 1.83M | 2.36M | 2.66M | 2.47M | 2.54M |
| Stockholders Equity | 6.49M | 6.76M | 6.85M | 6.64M | 6.33M | 6.26M |
Cash Flow | ||||||
| Free Cash Flow | 2.62M | 2.20M | 1.75M | 1.15M | 2.71M | 2.38M |
| Operating Cash Flow | 2.70M | 2.33M | 1.82M | 1.41M | 2.85M | 2.61M |
| Investing Cash Flow | -961.00K | -622.00K | -364.00K | -393.00K | -457.00K | -413.00K |
| Financing Cash Flow | -1.87M | -1.89M | -1.78M | -1.72M | -2.16M | -1.84M |
M Winkworth Technical Analysis
Positive
172.50
Price Trends
169.38
Positive
169.41
Positive
168.05
Positive
Market Momentum
4.70
Negative
91.13
Negative
53.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:WINK, the sentiment is Positive. The current price of 172.5 is below the 20-day moving average (MA) of 174.12, above the 50-day MA of 169.38, and above the 200-day MA of 168.05, indicating a bullish trend. The MACD of 4.70 indicates Negative momentum. The RSI at 91.13 is Negative, neither overbought nor oversold. The STOCH value of 53.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:WINK.
M Winkworth Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £269.35M | 15.09 | 11.70% | 3.48% | 8.05% | 14.09% | |
69 Neutral | £23.56M | 14.79 | 24.02% | 7.23% | -5.69% | -2.22% | |
68 Neutral | £249.67M | 14.98 | 21.39% | 3.10% | 5.64% | 13.14% | |
67 Neutral | £108.70M | 12.99 | 5.76% | 3.18% | -0.77% | -44.83% | |
67 Neutral | £1.82B | 24.26 | 8.94% | 3.13% | 7.29% | 20.68% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
53 Neutral | £3.23M | 3,150.00 | 0.02% | 7.14% | -10.04% | -99.33% |
* Real Estate Sector Average
GB:WINK
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GB:TPFG
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M Winkworth Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
M Winkworth Declares Q3 2026 Interim Dividend of 3.3p
Positive
Oct 14, 2026
M Winkworth plc has declared an interim dividend of 3.3 pence per ordinary share for the third quarter of 2026, maintaining its pattern of regular shareholder distributions. The dividend will be paid on 20 November 2026 to investors on the share r...
Business Operations and StrategyLegal Proceedings
M Winkworth Updates Court Dispute and Launches Governance Review
Neutral
Sep 30, 2026
M Winkworth plc has agreed a consent order with Mr. Simon Agace in ongoing High Court proceedings, under which previously given undertakings remain in force until the dispute is resolved or the Court issues a further order. All proceedings have be...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Winkworth posts resilient H1 2026 amid softer sales and rising exceptional costs
Neutral
Sep 16, 2026
Winkworth reported resilient interim results for the six months to 30 June 2026, with network revenues edging down 1% to £31.6 million as sales fell 5% but lettings and management rose 3% in a tougher property market. The mix continued to til...
Business Operations and StrategyFinancial Disclosures
M Winkworth Sets Date for Interim Results and Investor Presentation
Positive
Sep 11, 2026
M Winkworth plc will publish its interim results for the six months ended 30 June 2026 on 16 September 2026, and senior management will host a live presentation that morning via the Investor Meet Company platform. The event is open to both existin...
Business Operations and StrategyExecutive/Board ChangesLegal Proceedings
Winkworth Secures Governance Undertakings From Chair Amid Court Proceedings
Negative
Aug 12, 2026
M Winkworth plc has moved to manage an internal governance dispute involving its Non-Executive Chair, Simon Agace, following High Court proceedings initiated on 6 August 2026 in the Business and Property Courts of England and Wales. Agace has agre...
Business Operations and StrategyLegal Proceedings
M Winkworth Launches High Court Action Against Non-Executive Chair Over Confidentiality Breaches
Negative
Aug 7, 2026
M Winkworth plc has begun legal proceedings in the High Court against its Non-Executive Chair, Simon Agace, alleging breaches of confidentiality, the long-standing relationship agreement between him and the company, and director duties under the C...
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.