ME Group International (GB:MEGP)
LSE:MEGP
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ME Group International
(LSE:MEGP)
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Rating:73Outperform
Price Target:
159.00 p
▲(8.76% Upside)
Action:Upgraded
Date:03/27/26
The score is supported primarily by strong financial performance (profitability gains and a de-risked balance sheet) and very attractive valuation (low P/E and high dividend yield). These positives are partially offset by weaker technicals (negative MACD and price below longer-term moving averages) and recent free-cash-flow softness.
Positive Factors
Recurring installed-base economics
Owning and operating a large installed base of self-service machines creates recurring per-transaction revenues and predictable long-term cash flows. This business model supports steady income without relying solely on new unit sales, improving revenue visibility and scalability over months.
Negative Factors
Weak/volatile free cash flow
Although operating cash flow is strong, free cash flow has fallen and is volatile versus earnings. A persistent gap between profit and surplus cash after investment limits the company's ability to consistently finance expansion, fund large capex or sustain dividends without external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring installed-base economics
Owning and operating a large installed base of self-service machines creates recurring per-transaction revenues and predictable long-term cash flows. This business model supports steady income without relying solely on new unit sales, improving revenue visibility and scalability over months.
Read all positive factors
ME Group International (MEGP) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£536.54M
Dividend Yield4.7%
Average Volume (3M)376.85K
Price to Earnings (P/E)5.7
Beta (1Y)0.66
Revenue Growth2.44%
EPS Growth4.46%
CountryUK
Employees1,127
SectorIndustrials
Sector Strength72
IndustryBusiness Equipment & Supplies
Share Statistics
EPS (TTM)0.15
Shares Outstanding376,253,480
10 Day Avg. Volume392,899
30 Day Avg. Volume376,846
Financial Highlights & Ratios
PEG Ratio1.76
Price to Book (P/B)3.34
Price to Sales (P/S)2.25
P/FCF Ratio24.77
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 Upside50.48% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.16
Revenue Forecast (FY)£326.15M
ME Group International Business Overview & Revenue Model
Company Description
ME Group International plc operates, sells, and services a range of instant-service equipment in the United Kingdom, Continental Europe, Ireland, and Asia. The company operates coin-operated automatic photobooths for identification and fun purpose...
How the Company Makes Money
ME Group International makes money primarily by owning and operating self-service machines and collecting consumer payments per transaction. Its key revenue streams typically include: (1) Photo services: fees paid by end customers for instant ID p...
ME Group International Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
78
Positive
Cash Flow
71
Positive
| Breakdown | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 315.39M | 307.89M | 297.66M | 259.78M | 214.40M |
| Gross Profit | 112.48M | 109.49M | 102.64M | 81.56M | 35.87M |
| EBITDA | 120.05M | 115.87M | 107.94M | 94.34M | 63.17M |
| Net Income | 56.57M | 54.09M | 50.67M | 38.79M | 21.71M |
Balance Sheet | |||||
| Total Assets | 334.39M | 312.64M | 332.52M | 326.37M | 272.94M |
| Cash, Cash Equivalents and Short-Term Investments | 56.54M | 86.15M | 111.09M | 136.19M | 99.36M |
| Total Debt | 43.04M | 59.76M | 90.51M | 118.09M | 80.94M |
| Total Liabilities | 121.39M | 132.77M | 173.53M | 193.72M | 143.25M |
| Stockholders Equity | 213.00M | 179.87M | 158.99M | 132.65M | 127.97M |
Cash Flow | |||||
| Free Cash Flow | 28.68M | 32.55M | 33.69M | 42.23M | 27.49M |
| Operating Cash Flow | 90.76M | 87.17M | 83.33M | 74.90M | 53.87M |
| Investing Cash Flow | -60.50M | -47.57M | -52.68M | -31.13M | -33.91M |
| Financing Cash Flow | -54.47M | -60.67M | -56.95M | -7.50M | -21.85M |
ME Group International Technical Analysis
Positive
146.20
Price Trends
137.82
Positive
137.43
Positive
156.26
Negative
Market Momentum
0.24
Positive
50.73
Neutral
42.64
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MEGP, the sentiment is Positive. The current price of 146.2 is above the 20-day moving average (MA) of 142.29, above the 50-day MA of 137.82, and below the 200-day MA of 156.26, indicating a neutral trend. The MACD of 0.24 indicates Positive momentum. The RSI at 50.73 is Neutral, neither overbought nor oversold. The STOCH value of 42.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:MEGP.
ME Group International Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £536.54M | 5.74 | 27.72% | 4.70% | 2.44% | 4.46% | |
72 Outperform | £531.28M | 7.10 | 30.23% | 3.65% | 0.53% | -8.91% | |
70 Neutral | £553.06M | 7.86 | 20.94% | 5.91% | -3.52% | -10.90% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | £595.67M | 24.77 | 6.66% | 4.87% | -9.46% | -57.37% | |
61 Neutral | £510.85M | 5.91 | 13.04% | 3.18% | 4.29% | 7.68% | |
58 Neutral | £479.41M | 12.01 | 9.32% | 1.02% | 4.62% | 170.53% |
* Industrials Sector Average
GB:MEGP
ME Group International
141.00
-57.31
-28.90%
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5.50%
ME Group International Corporate Events
Stock BuybackRegulatory Filings and Compliance
ME Group resets voting rights after buyback adjusts share capital
Neutral
May 6, 2026
ME Group International has updated the market on its voting rights and capital following activity under its ongoing share buyback programme launched in March 2026. As of the close of business on 5 May 2026, and assuming settlement and cancellation...
Executive/Board Changes
ME Group grants performance-linked share options to COO
Positive
Apr 30, 2026
ME Group International has awarded Group Chief Operating Officer Christophe Dantcikian an option over 190,000 ordinary shares under its 2024 Executive Share Option Scheme. The options are priced at 148.67 pence per share, with vesting scheduled fo...
Executive/Board ChangesRegulatory Filings and Compliance
ME Group Grants Performance-Linked Share Options to CFO
Positive
Apr 30, 2026
ME Group International has granted Group Chief Financial Officer Stéphane Gibon a share option over 150,000 ordinary shares under its 2024 Executive Share Option Scheme, with an exercise price set at 148.67 pence per share. The award aligns h...
Business Operations and StrategyExecutive/Board Changes
ME Group Reshapes Leadership as Crasnianski Moves to Non-Executive Role
Neutral
Apr 28, 2026
ME Group International has reshaped its senior management structure, with Tania Crasnianski stepping back from her Executive Director role and leaving the Executive Team as of 17 March 2026, while remaining on the board in a non-executive capacity...
Business Operations and StrategyDividendsFinancial DisclosuresShareholder Meetings
ME Group shareholders back all AGM resolutions, approve dividend and board authorities
Positive
Apr 24, 2026
ME Group International reported that all resolutions at its 2026 annual general meeting were approved, including acceptance of the 2025 accounts, the directors’ remuneration report and a final dividend of 4.79 pence per share payable on 29 M...
Business Operations and StrategyStock Buyback
ME Group buys back and cancels 260,525 shares under ongoing repurchase programme
Positive
Apr 20, 2026
ME Group International has repurchased 260,525 of its own ordinary shares between 13 and 17 April at prices ranging from 144.60p to 153.40p, with a volume-weighted average price of 149.58p, as part of a previously announced buyback programme. The ...
Stock BuybackRegulatory Filings and Compliance
ME Group CFO Exercises Share Options as Buybacks Trim Free Float
Positive
Apr 13, 2026
ME Group International reported that its Chief Financial Officer, Stéphane Gibon, exercised options over 211,029 ordinary shares under the company’s 2014 Executive Share Option Scheme and immediately sold the resulting shares at £1...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
ME Group Cancels 428,777 Shares Under Ongoing Buyback Programme
Positive
Apr 13, 2026
ME Group International has continued its share buyback activity, repurchasing 428,777 ordinary shares between 7 and 10 April 2026 through Peel Hunt at prices ranging from 136.60p to 147.00p, with a volume-weighted average price of 141.72p. The com...
Business Operations and Strategy
ME Group strikes landmark Asda deal to accelerate Wash.ME UK rollout
Positive
Apr 9, 2026
ME Group International has signed a major partnership with UK retailer Asda to install and operate its Wash.ME self-service laundry machines across Asda’s Supercentre, Superstore, supermarket and petrol forecourt estate. The rollout targets ...
Business Operations and StrategyStock BuybackFinancial Disclosures
ME Group Cancels 168,168 Shares After Latest Buyback Tranche
Positive
Apr 7, 2026
ME Group International has continued its previously announced share buyback programme, repurchasing 168,168 ordinary shares between 30 March and 2 April 2026 at prices ranging from 123.80p to 138.98p, with a volume-weighted average price of 136.69...
Stock BuybackRegulatory Filings and Compliance
ME Group sets new voting rights total after share buyback
Neutral
Apr 1, 2026
ME Group International has updated the market on its capital structure following recent share buybacks, confirming that as of 31 March 2026 its issued share capital comprises 376,639,419 ordinary shares of 0.5p each, all carrying voting rights. Th...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
ME Group cancels 1.1m shares after buyback, trimming share capital
Positive
Mar 30, 2026
ME Group International has repurchased 1,090,374 ordinary shares between 24 and 27 March 2026 as part of its recently announced share buyback programme, paying prices between 132p and 142p and a volume-weighted average of 137.23p. The company plan...
Business Operations and StrategyStock BuybackFinancial Disclosures
ME Group launches £18m share buyback after FY25 results
Positive
Mar 23, 2026
ME Group International has launched a share buyback programme of up to £18 million, appointing Peel Hunt to execute purchases of its ordinary shares on the open market under irrevocable, non-discretionary instructions. The programme, authoris...
Business Operations and StrategyFinancial Disclosures
ME Group opens live online results briefing to widen investor access
Positive
Mar 23, 2026
ME Group International, the London-listed provider of automated self-service vending equipment, operates a diversified portfolio of photobooths, biometric ID solutions, unattended laundries, digital printing kiosks and other vending services acros...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
ME Group lifts profits to record high on fast-growing laundry arm and unveils £18m buyback
Positive
Mar 23, 2026
ME Group International reported another year of record profitability for the 12 months to 31 October 2025, as profit before tax rose 6.5% to £78.2 million on a 2.4% increase in revenue to £315.4 million, and EBITDA climbed 5.4% with marg...
Delistings and Listing ChangesFinancial Disclosures
ME Group Faces Extended FY25 Audit Delay but Reports Trading in Line
Negative
Mar 12, 2026
ME Group International has warned that its audited financial statements for the year to 31 October 2025 will be further delayed, after auditor Forvis Mazars requested additional time beyond the earlier 13 March target. The shares, already suspende...
Business Operations and StrategyExecutive/Board Changes
ME Group Names New COO to Drive Expansion of Laundry and Photobooth Business
Positive
Mar 2, 2026
ME Group International has appointed Christophe Dantcikian as chief operating officer, adding an experienced international retail and vending executive to its leadership team. Dantcikian, who previously led ME Group’s Photomaton subsidiary a...
Business Operations and StrategyStock BuybackShareholder Meetings
ME Group Wins Shareholder Backing for £15–£20 Million Share Buyback
Positive
Feb 26, 2026
ME Group International said shareholders approved all resolutions at a general meeting, clearing the way for the company to repurchase its ordinary shares on the market. The special resolution granting buyback authority passed with 99.82% support,...
Business Operations and StrategyStock BuybackDelistings and Listing ChangesFinancial Disclosures
ME Group delays FY25 accounts but confirms outlook and plans share buyback
Positive
Feb 25, 2026
ME Group International said its auditor Forvis Mazars needs more time to complete work on the group’s accounts for the year to 31 October 2025, delaying publication of the audited results. The company, which reiterated earlier guidance for r...
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.