Midwich (GB:MIDW)
LSE:MIDW
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Midwich
(LSE:MIDW)
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Rating:48Neutral
Price Target:
142.00 p
▼(-22.83% Downside)
Action:ReiteratedDate:03/19/26
The score is held back primarily by weakening financial quality (losses in 2025 and elevated leverage) and clearly bearish price action (trading well below key moving averages with negative MACD). A high dividend yield and resilient positive free cash flow provide some support, but they are not enough to offset the profitability and trend risks.
Positive Factors
Cash generation
Midwich delivered positive operating and free cash flow across the period with improvement in 2025 despite accounting losses. Durable cash conversion implies the distributor can fund working capital, support dividends and selective reinvestment, and service obligations without sole reliance on new equity.
Negative Factors
Profitability deterioration
The swing to a net loss in 2025 after margin compression materially weakens earnings generation and retained earnings. Sustained losses would limit capital for strategic investment, pressure dividend sustainability and reduce the company's ability to rebuild margins without structural cost or pricing remedies.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Midwich delivered positive operating and free cash flow across the period with improvement in 2025 despite accounting losses. Durable cash conversion implies the distributor can fund working capital, support dividends and selective reinvestment, and service obligations without sole reliance on new equity.
Read all positive factors
Midwich (MIDW) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£147.81M
Dividend Yield5.1%
Average Volume (3M)319.00K
Price to Earnings (P/E)―
Beta (1Y)0.78
Revenue Growth-1.92%
EPS Growth-239.71%
CountryUK
Employees1,800
SectorTechnology
Sector Strength88
IndustryTechnology Distributors
Share Statistics
EPS (TTM)-0.20
Shares Outstanding105,145,130
10 Day Avg. Volume183,829
30 Day Avg. Volume319,002
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)1.20
Price to Sales (P/S)0.15
P/FCF Ratio5.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£350.00Price Target Upside90.22% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.24
Revenue Forecast (FY)£1.35B
Midwich Business Overview & Revenue Model
Company Description
Midwich Group plc, together with its subsidiaries, engages in the distribution of audio visual (AV) solutions to the trade customers in the United Kingdom, Ireland, Europe, the Middle East, Africa, Asia Pacific, and North America. Its products sup...
How the Company Makes Money
Midwich primarily makes money by distributing third-party AV and UC technology products to resellers and systems integrators, earning a margin between the price it pays vendor/manufacturing partners and the price at which it sells to channel custo...
Midwich Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
45
Neutral
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.29B | 1.32B | 1.29B | 1.20B | 855.97M |
| Gross Profit | 214.11M | 234.33M | 216.47M | 173.91M | 123.76M |
| EBITDA | 38.73M | 51.95M | 67.47M | 52.45M | 34.32M |
| Net Income | -22.58M | 16.03M | 26.82M | 15.29M | 12.43M |
Balance Sheet | |||||
| Total Assets | 625.31M | 650.66M | 654.47M | 559.77M | 373.53M |
| Cash, Cash Equivalents and Short-Term Investments | 53.98M | 49.16M | 56.13M | 25.86M | 15.48M |
| Total Debt | 201.06M | 202.59M | 166.94M | 149.33M | 94.45M |
| Total Liabilities | 465.24M | 461.51M | 458.32M | 425.64M | 259.13M |
| Stockholders Equity | 160.07M | 181.22M | 173.25M | 120.74M | 105.12M |
Cash Flow | |||||
| Free Cash Flow | 37.98M | 20.38M | 47.82M | 9.98M | 3.56M |
| Operating Cash Flow | 43.35M | 35.28M | 63.79M | 21.06M | 9.52M |
| Investing Cash Flow | -21.63M | -40.01M | -67.41M | -33.42M | -22.43M |
| Financing Cash Flow | -16.01M | -1.30M | 35.68M | 15.82M | 338.00K |
Midwich Technical Analysis
Negative
184.00
Price Trends
183.54
Negative
182.90
Negative
189.69
Negative
Market Momentum
-4.55
Negative
44.27
Neutral
59.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MIDW, the sentiment is Negative. The current price of 184 is above the 20-day moving average (MA) of 160.81, above the 50-day MA of 183.54, and below the 200-day MA of 189.69, indicating a neutral trend. The MACD of -4.55 indicates Negative momentum. The RSI at 44.27 is Neutral, neither overbought nor oversold. The STOCH value of 59.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:MIDW.
Midwich Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | £207.27M | 37.63 | 5.22% | 0.80% | 19.00% | -53.85% | |
67 Neutral | £212.12M | 37.82 | 12.09% | 0.95% | 13.75% | 6.74% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | £208.71M | 18.70 | 4.57% | 3.01% | -31.46% | 297.44% | |
54 Neutral | £205.13M | -4.02 | -31.21% | ― | -7.62% | 5.48% | |
53 Neutral | £7.32M | -5.89 | -19.88% | 1.85% | 19.66% | -151.99% | |
48 Neutral | £147.81M | -8.49 | -12.68% | 5.10% | -1.92% | -239.71% |
* Technology Sector Average
GB:MIDW
Midwich
143.00
-47.25
-24.83%
GB:CNC
Concurrent Technologies
233.50
47.54
25.57%
GB:NET
Netcall
121.50
10.45
9.41%
GB:NAR
Northamber
27.00
-0.93
-3.32%
GB:RCN
Redcentric
131.00
6.00
4.80%
GB:TTG
TT Electronics
115.00
38.80
50.92%
Midwich Corporate Events
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
Midwich posts annual report and sets hybrid AGM for May 2026
Positive
Apr 8, 2026
Midwich Group plc has published its Annual Report and Accounts and issued the Notice of its upcoming Annual General Meeting, making both documents available to shareholders via its corporate website. The AGM is scheduled for 10.00am on 12 May 2026...
Business Operations and StrategyDelistings and Listing Changes
Midwich to Issue 600,000 New Shares for Employee Incentive Plans
Neutral
Mar 26, 2026
Midwich Group plc, a specialist audiovisual distributor listed on AIM, has applied to list an additional 600,000 ordinary shares on the London Stock Exchange. The new shares will be issued to the trustees of the company’s Employee Benefit Tr...
Business Operations and StrategyDividendsFinancial Disclosures
Midwich holds margins and returns to growth in H2 as it pivots to efficiency and digital
Neutral
Mar 17, 2026
Midwich Group reported 2025 revenues marginally lower year on year but returned to revenue growth in the second half, while maintaining record gross margins of 17.7% and improving cash flow conversion to 123%. Adjusted operating profit and earning...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Midwich details regulatory disclosures for incoming CFO Adam Councell
Positive
Feb 19, 2026
Midwich Group has confirmed additional regulatory information regarding the appointment of Adam Councell as Chief Financial Officer and board member, effective 2 March 2026. The disclosure details Councell’s extensive portfolio of current 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.