Bytes Technology Group Plc (GB:BYIT)
LSE:BYIT
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Bytes Technology Group Plc
(LSE:BYIT)
Select Model
Select Model
Rating:76Outperform
Price Target:
287.00 p
▲(13.17% Upside)
Action:UpgradedDate:12/07/25
Bytes Technology Group's strong financial performance and strategic share buybacks are significant strengths, contributing positively to the stock's attractiveness. However, the current bearish technical indicators slightly offset these strengths. The valuation remains appealing, providing a balanced investment opportunity.
Positive Factors
High profitability margins
Bytes' very elevated gross and operating margins indicate durable operational efficiency in software resale and services. High margins support reinvestment in services, fund shareholder returns, and provide resilience to competitive pricing, sustaining cash generation over multiple quarters.
Negative Factors
Modest revenue growth
Revenue growth in the single digits suggests organic expansion is moderate, which may limit long-term upside unless the firm expands services, geographies or higher-value offerings. Dependence on renewals can make top-line expansion incremental over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability margins
Bytes' very elevated gross and operating margins indicate durable operational efficiency in software resale and services. High margins support reinvestment in services, fund shareholder returns, and provide resilience to competitive pricing, sustaining cash generation over multiple quarters.
Read all positive factors
Bytes Technology Group Plc (BYIT) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£599.43M
Dividend Yield5.54%
Average Volume (3M)1.00M
Price to Earnings (P/E)8.9
Beta (1Y)0.62
Revenue Growth7.83%
EPS Growth2.36%
CountryUK
Employees1,245
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.12
Shares Outstanding236,370,090
10 Day Avg. Volume1,159,484
30 Day Avg. Volume1,000,012
Financial Highlights & Ratios
PEG Ratio0.87
Price to Book (P/B)10.30
Price to Sales (P/S)4.65
P/FCF Ratio15.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£400.00Price Target Upside57.73% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)0.22
Revenue Forecast (FY)£243.96M
Bytes Technology Group Plc Business Overview & Revenue Model
Company Description
Bytes Technology Group plc offers software, IT security, hardware, and cloud services in the United Kingdom, rest of Europe, and internationally. The company sells servers, laptops, and other devices; various cloud-based and non-cloud-based licens...
How the Company Makes Money
Bytes primarily makes money by selling third-party software and cloud subscriptions and earning a margin/commission on those sales, alongside generating services revenue that supports customers through the lifecycle of those products. Key revenue ...
Bytes Technology Group Plc Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
80
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 219.74M | 217.13M | 207.02M | 184.42M | 145.84M | 393.57M |
| Gross Profit | 163.54M | 163.25M | 145.78M | 149.39M | 123.31M | 86.89M |
| EBITDA | 65.56M | 77.55M | 64.20M | 53.33M | 44.74M | 29.54M |
| Net Income | 53.42M | 54.84M | 46.85M | 40.42M | 32.85M | 19.93M |
Balance Sheet | ||||||
| Total Assets | 419.94M | 455.23M | 379.72M | 320.77M | 283.57M | 189.55M |
| Cash, Cash Equivalents and Short-Term Investments | 82.30M | 113.08M | 88.84M | 73.02M | 67.12M | 20.73M |
| Total Debt | 3.08M | 1.94M | 1.74M | 992.00K | 1.18M | 1.38M |
| Total Liabilities | 342.52M | 357.19M | 301.38M | 259.27M | 236.00M | 172.81M |
| Stockholders Equity | 77.42M | 98.04M | 78.34M | 61.50M | 47.57M | 16.75M |
Cash Flow | ||||||
| Free Cash Flow | 59.81M | 64.90M | 55.67M | 36.79M | 51.43M | 30.62M |
| Operating Cash Flow | 66.81M | 74.97M | 57.01M | 38.15M | 52.05M | 31.22M |
| Investing Cash Flow | -11.40M | -10.07M | -4.36M | -1.36M | -617.00K | -17.28M |
| Financing Cash Flow | -44.62M | -40.66M | -36.83M | -30.89M | -5.05M | -40.56M |
Bytes Technology Group Plc Technical Analysis
Negative
253.60
Price Trends
311.18
Negative
332.43
Negative
360.60
Negative
Market Momentum
-6.53
Positive
22.73
Positive
26.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BYIT, the sentiment is Negative. The current price of 253.6 is below the 20-day moving average (MA) of 301.29, below the 50-day MA of 311.18, and below the 200-day MA of 360.60, indicating a bearish trend. The MACD of -6.53 indicates Positive momentum. The RSI at 22.73 is Positive, neither overbought nor oversold. The STOCH value of 26.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:BYIT.
Bytes Technology Group Plc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | £599.43M | 8.86 | 60.89% | 5.54% | 7.83% | 2.36% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | £61.46M | -9.78 | -9.83% | ― | -5.43% | -292.31% | |
60 Neutral | £115.49M | -23.06 | 7.20% | ― | 26.09% | 32.43% | |
45 Neutral | £11.30M | -3.01 | -9.36% | ― | -7.45% | 78.23% | |
43 Neutral | £12.86M | -0.96 | -99.34% | 23.79% | 25.44% | -1877.56% | |
42 Neutral | £1.24M | 0.06 | ― | ― | ― | ― |
* Technology Sector Average
GB:BYIT
Bytes Technology Group Plc
253.60
-208.71
-45.14%
GB:CLCO
CloudCoCo Group
0.18
0.01
9.37%
GB:CNS
Corero Network Security
12.00
-4.95
-29.20%
GB:IOM
Iomart Group plc
11.75
-20.35
-63.40%
GB:SYS
SysGroup
13.50
-6.50
-32.50%
GB:BKS
Beeks Financial Cloud Group Plc
169.00
-58.00
-25.55%
Bytes Technology Group Plc Corporate Events
Business Operations and StrategyFinancial Disclosures
Bytes Technology Group posts solid FY26, outlines sector-focused revamp and AI-led growth plans
Positive
Mar 24, 2026
Bytes Technology Group reported full-year results for the period to 28 February 2026 in line with prior guidance, delivering double-digit gross invoiced income growth, around £167 million in gross profit and approximately £62 million in ...
Regulatory Filings and Compliance
Bytes Technology Confirms Total Voting Rights After Capital Update
Neutral
Mar 2, 2026
Bytes Technology Group plc, the London- and Johannesburg-listed technology group, has confirmed that its issued share capital consists of 236,370,093 ordinary voting shares of £0.01 each. The company holds no shares in treasury, meaning all i...
Regulatory Filings and Compliance
Bytes Technology Group Confirms Updated Total Voting Rights
Neutral
Mar 2, 2026
Bytes Technology Group plc has confirmed that its issued share capital consists of 236,370,093 ordinary voting shares of £0.01 each, with no shares held in treasury. This means the total number of voting rights is 236,370,093, a figure shareh...
Regulatory Filings and Compliance
Bytes Technology Group Confirms Total Voting Rights at 236.3 Million Shares
Neutral
Feb 2, 2026
Bytes Technology Group plc has confirmed that its issued share capital consists of 236,344,134 ordinary voting shares of £0.01 each, with no shares held in treasury, resulting in an equivalent number of total voting rights. This updated share...
Regulatory Filings and Compliance
Bytes Technology Group Confirms Total Voting Rights and Share Capital
Neutral
Jan 2, 2026
Bytes Technology Group plc has confirmed that its issued share capital consists of 236,344,134 ordinary voting shares of £0.01 each, with no shares held in treasury, resulting in an equal number of voting rights. This updated share capital an...
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.