Top Page
Mears Group Plc
(LSE:MER)
Mears Group Plc (MER) vs. iShares MSCI United Kingdom ETF (EWC)
Mears Group Plc Business Overview & Revenue Model
Mears Group Plc Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.13B | 1.09B | 959.61M | 878.42M | 805.82M | Gross Profit |
| 251.01M | 218.77M | 195.69M | 180.49M | 156.29M | EBIT |
| 72.82M | 51.67M | 40.43M | 23.55M | -2.65M | EBITDA |
| 148.15M | 117.70M | 96.19M | 82.65M | 52.95M | Net Income Common Stockholders |
| 46.53M | 35.20M | 28.31M | 14.12M | -12.01M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 91.40M | 145.85M | 100.10M | 54.63M | 96.22M | Total Assets |
| 701.35M | 700.01M | 630.87M | 633.92M | 676.09M | Total Debt |
| 297.50M | 291.14M | 225.42M | 216.89M | 248.42M | Net Debt |
| 206.10M | 152.38M | 127.28M | 162.26M | 152.20M | Total Liabilities |
| 513.88M | 499.55M | 417.04M | 432.88M | 520.04M | Stockholders Equity |
| 184.11M | 197.51M | 212.33M | 200.24M | 155.39M |
| Cash Flow | Free Cash Flow | |||
| 89.76M | 110.05M | 101.52M | 47.90M | 99.01M | Operating Cash Flow |
| 119.58M | 135.89M | 110.93M | 56.67M | 105.79M | Investing Cash Flow |
| -7.59M | -29.82M | -5.91M | -6.20M | 52.56M | Financing Cash Flow |
| -133.88M | -95.08M | -61.52M | -92.06M | -135.19M |
Mears Group Plc Technical Analysis
Mears Group Plc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | £344.78M | 7.82 | 24.38% | 3.40% | 3.96% | 62.25% | |
74 Outperform | £405.15M | 38.10 | 8.09% | 0.46% | 12.52% | -22.03% | |
67 Neutral | £790.56M | 174.36 | 1.23% | 2.25% | -17.55% | -71.22% | |
62 Neutral | $6.88B | 11.32 | 2.90% | 3.87% | 2.70% | -24.57% | |
62 Neutral | £220.66M | 13.34 | 5.65% | 2.91% | 13.91% | -2.75% | |
54 Neutral | £451.81M | ― | -13.06% | 1.25% | -5.98% | -677.54% | |
43 Neutral | £75.31M | ― | -173.45% | ― | -15.07% | -1078.90% |
Mears Group Plc Corporate Events
Mears Group PLC successfully held its Annual General Meeting, where all proposed resolutions were passed. Key outcomes included the approval of the audited accounts for 2024, reappointment of PricewaterhouseCoopers as auditors, and the declaration of a final dividend. The re-election of directors and authorizations for share allotment and market purchases were also confirmed, reflecting strong shareholder support and positioning the company for continued stability and growth.
The most recent analyst rating on (GB:MER) stock is a Buy with a £4.80 price target. To see the full list of analyst forecasts on Mears Group Plc stock, see the GB:MER Stock Forecast page.
Mears Group PLC announced its total voting rights, stating that the company’s issued share capital consists of 86,474,628 ordinary shares, each with one voting right. This information is crucial for shareholders to determine their interest in the company’s share capital under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:MER) stock is a Buy with a £4.35 price target. To see the full list of analyst forecasts on Mears Group Plc stock, see the GB:MER Stock Forecast page.
Mears Group PLC announced that its Chief Financial Officer, Andrew Smith, and Operations Director, David Miles, exercised share options over 484,671 ordinary shares as part of the company’s Long Term Incentive Plan and Deferred Share Bonus Plan. Following the exercise, both executives sold a portion of their shares to cover tax liabilities, with Smith selling 108,411 shares and Miles selling 162,348 shares at an average price of 393 pence per share. This transaction reflects the company’s ongoing commitment to aligning executive compensation with long-term shareholder value creation.
Mears Group PLC has secured a significant contract with Milton Keynes City Council for housing repairs and maintenance, valued at £230 million over five years, with an option to extend to £475 million over ten years. This contract retention highlights Mears’ high-quality service and strategic success, reinforcing the company’s market position and supporting its growth expectations.
Mears Group PLC has released its Annual Financial Report for 2024 and announced the Notice of its Annual General Meeting for 2025, which will be held on June 4, 2025, in London. The documents are available on the company’s website and will be submitted to the National Storage Mechanism. This release underscores Mears’ commitment to transparency and governance, providing stakeholders with insights into its financial health and strategic direction.
Mears Group PLC has announced the grant of Long-Term Incentive Plan awards to its CEO, Lucas Critchley, and CFO, Andrew Smith. These awards, which involve nominal-cost options over ordinary shares, are subject to performance conditions based on Total Shareholder Return and Earnings Per Share over a three-year period, with a two-year holding period post-vesting for executive directors. This move is likely aimed at aligning the interests of the management with those of the shareholders, potentially impacting the company’s operational focus and stakeholder confidence.
Mears Group PLC has announced the grant of deferred bonus share plan awards to its Chief Executive Officer, Lucas Critchley, and Chief Financial Officer, Andrew Smith, each receiving 25,791 ordinary shares. These nominal-cost options will become exercisable on 22 April 2028, reflecting the company’s commitment to incentivizing its leadership and aligning their interests with long-term company performance.
Mears Group PLC has announced a proposed final dividend of 11.25p per share for FY24, marking a 23% increase from the previous year, pending shareholder approval at the upcoming AGM. This increase reflects the company’s strong financial performance and commitment to delivering sustainable financial returns to its shareholders.
Mears Group PLC reported a strong financial performance for the year ended December 31, 2024, with a 4% increase in revenue to £1,132.5 million and a 37% rise in profit before tax to £64.1 million. The company secured significant contracts, including a new one with North Lanarkshire Council and another with Moat Housing Association, boosting its order book to £3.0 billion. Mears’ strategic update outlines objectives to strengthen its market position, deliver organic growth, and enhance compliance and operational expertise. The company has made a strong start to 2025, expecting to exceed market expectations.
Mears Group PLC has successfully completed its share buyback program, purchasing and canceling 4,319,819 ordinary shares at a total cost of £16.0 million. This buyback represents approximately 4.8% of the company’s issued share capital at the program’s inception. The completion of this program is a strategic move to enhance shareholder value and reflects the company’s strong financial position and commitment to delivering sustainable returns.
Mears Group PLC, a company involved in the housing and social care sectors, has announced the purchase and cancellation of 78,117 ordinary shares as part of its ongoing share buyback programme. This move is part of a larger strategy initiated on January 30, 2025, which has seen the company buy back a total of 4,319,819 shares. The cancellation of these shares is likely aimed at enhancing shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and market confidence.
Mears Group PLC has executed a share buyback, purchasing 91,469 ordinary shares as part of its ongoing buyback programme. The shares will be cancelled, contributing to a total of 4,241,702 shares purchased since the programme’s announcement, reflecting Mears’ strategy to enhance shareholder value and optimize capital structure.
Mears Group PLC, a company engaged in providing essential services to the housing and social care sectors, announced the purchase of 60,000 ordinary shares as part of its ongoing share buyback programme. This move is part of a larger strategy, initiated on January 30, 2025, to buy back and cancel a total of 4,150,233 shares, which could potentially enhance shareholder value by reducing the number of shares outstanding.
Mears Group PLC, a company involved in a share buyback programme, has announced the purchase and cancellation of 80,000 ordinary shares. This transaction is part of a broader strategy that has seen Mears acquire over 4 million shares since January 2025, reflecting a commitment to enhancing shareholder value and optimizing capital structure.
Mears Group PLC has announced the purchase of 100,000 ordinary shares as part of its ongoing share buyback programme, which began on January 30, 2025. The shares were acquired at prices ranging from 382.50 to 385.00 GBp and will be cancelled, contributing to a total of 4,010,233 shares purchased for cancellation under the programme. This move is part of Mears’ strategy to manage its capital structure and potentially enhance shareholder value.
Mears Group PLC announced the purchase and cancellation of 100,000 ordinary shares as part of its ongoing share buyback programme, which began on January 30, 2025. This move is part of a larger effort by the company to enhance shareholder value, having already purchased a total of 3,910,233 shares for cancellation. The buyback is expected to positively impact the company’s stock value and demonstrates Mears’ commitment to returning capital to shareholders.
Mears Group PLC, a company involved in the share buyback program, has announced the purchase of 100,000 ordinary shares at varying prices, with the highest being 389 GBp and the lowest 381 GBp. These shares will be canceled, contributing to the total of 3,810,233 shares purchased since the program’s announcement in January 2025, indicating a strategic move to enhance shareholder value and optimize capital structure.
Mears Group PLC has executed a share buyback program, purchasing 100,000 ordinary shares on March 19, 2025, at prices ranging from 377.00 GBp to 381.00 GBp. This action is part of a larger buyback initiative announced earlier in the year, which has seen the company buy back a total of 3,710,233 shares for cancellation. This move is likely aimed at enhancing shareholder value and optimizing the capital structure, reflecting Mears’ commitment to returning value to its investors.
Mears Group PLC has announced the purchase and cancellation of 100,000 ordinary shares as part of its ongoing share buyback programme, initially announced in January 2025. This move, which has seen a total of 3,610,233 shares purchased for cancellation, is aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.
Mears Group PLC announced the purchase and cancellation of 51,172 ordinary shares as part of its ongoing share buyback programme. Since the programme’s initiation, Mears has acquired a total of 3,510,233 shares for cancellation, reflecting its commitment to enhancing shareholder value and optimizing its capital structure.
Mears Group PLC, a company engaged in a share buyback program, has announced the purchase and cancellation of 60,959 ordinary shares as part of its ongoing initiative to enhance shareholder value. Since the start of the buyback program in January 2025, Mears has acquired a total of 3,459,061 shares for cancellation, reflecting its commitment to optimizing its capital structure and potentially increasing the value of its remaining shares.
Mears Group PLC, a company engaged in the housing and social care sectors, has announced a transaction involving the repurchase of its own shares as part of a share buyback programme. On 13 March 2025, the company purchased 165,000 ordinary shares, with the highest price paid per share being 380.5 GBp and the lowest at 374.5 GBp. The repurchased shares will be cancelled, contributing to a total of 3,398,102 shares bought back since the programme’s announcement. This move is likely aimed at enhancing shareholder value and optimizing the company’s capital structure.
Mears Group PLC has announced the purchase of 200,000 ordinary shares as part of its ongoing share buyback programme, which began on 30 January 2025. The shares will be cancelled, contributing to the total of 3,233,102 shares repurchased since the programme’s inception. This move is part of Mears’ strategy to enhance shareholder value and reflects confidence in the company’s financial health.
Mears Group PLC has announced the purchase of 90,000 ordinary shares as part of its ongoing share buyback program, which began on January 30, 2025. The shares were bought at prices ranging from 372.5 to 375 GBp and will be cancelled, contributing to a total of 3,033,102 shares purchased for cancellation since the program’s inception. This move is part of Mears’ strategy to enhance shareholder value and optimize its capital structure.
Mears Group PLC, a company involved in a share buyback program, announced the purchase of 90,000 ordinary shares on March 10, 2025, as part of its ongoing efforts to optimize its capital structure. The shares were bought at prices ranging from 370.5 GBp to 380 GBp and will be cancelled, contributing to a total of 2,943,102 shares purchased for cancellation since the program’s announcement in January 2025. This move is part of Mears’ strategy to enhance shareholder value and reflects its confidence in the company’s financial health and future prospects.
Mears Group PLC has announced the purchase and cancellation of 40,000 ordinary shares as part of its ongoing share buyback programme, initially announced on January 30, 2025. This move is part of a larger strategy that has seen the company buy back a total of 2,853,102 shares, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.