Midwich (GB:MIDW)
LSE:MIDW
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Midwich
(LSE:MIDW)
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Rating:48Neutral
Price Target:
159.00 p
▼(-13.59% 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
Specialist distribution model
Midwich’s specialist distributor model, deep vendor relationships and technical enablement create durable revenue channels into commercial, education and public sectors. Scale in procurement, logistics and regional distribution supports margin resilience and makes customer/supplier switching harder over months.
Negative Factors
Profitability deterioration
Margin compression and a swing to a net loss are structural concerns: sustained weak operating profitability reduces retained earnings and limits reinvestment. Without a clear path to margin recovery, earnings weakness can persist for months, constraining strategic flexibility and investor confidence.
Read all positive and negative factors
Positive Factors
Negative Factors
Specialist distribution model
Midwich’s specialist distributor model, deep vendor relationships and technical enablement create durable revenue channels into commercial, education and public sectors. Scale in procurement, logistics and regional distribution supports margin resilience and makes customer/supplier switching harder over months.
Read all positive factors
Midwich (MIDW) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£159.18M
Dividend Yield5.1%
Average Volume (3M)319.00K
Price to Earnings (P/E)―
Beta (1Y)0.77
Revenue Growth-2.54%
EPS Growth-69.38%
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
189.43
Negative
182.83
Negative
192.13
Negative
Market Momentum
-9.72
Positive
37.63
Neutral
19.27
Positive
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 167.37, below the 50-day MA of 189.43, and below the 200-day MA of 192.13, indicating a bearish trend. The MACD of -9.72 indicates Positive momentum. The RSI at 37.63 is Neutral, neither overbought nor oversold. The STOCH value of 19.27 is Positive, 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | £162.67M | 18.51 | 12.09% | 0.95% | 22.72% | -8.82% | |
68 Neutral | £174.01M | 37.63 | 5.22% | 0.80% | 22.80% | -32.13% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | £185.60M | 18.70 | 4.57% | 3.01% | -31.46% | 297.44% | |
54 Neutral | £213.67M | -4.02 | -31.21% | ― | -16.33% | -448.12% | |
53 Neutral | £7.46M | -5.89 | -19.88% | 1.85% | -6.09% | -161.61% | |
48 Neutral | £159.18M | -8.49 | -12.68% | 5.10% | -2.54% | -69.38% |
* Technology Sector Average
GB:MIDW
Midwich
154.00
-38.16
-19.86%
GB:CNC
Concurrent Technologies
187.00
21.43
12.94%
GB:NET
Netcall
102.00
1.36
1.35%
GB:NAR
Northamber
27.50
1.05
3.96%
GB:RCN
Redcentric
116.50
-7.00
-5.67%
GB:TTG
TT Electronics
120.00
42.00
53.85%
Midwich Corporate Events
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...
Business Operations and StrategyExecutive/Board Changes
Midwich Names Adam Councell as New Chief Financial Officer
Positive
Feb 2, 2026
Midwich Group has announced the proposed appointment of experienced finance executive Adam Councell as Chief Financial Officer and Board member, effective 2 March 2026, succeeding Stephen Lamb, who will step down on 28 February 2026 after an order...
Business Operations and StrategyFinancial Disclosures
Midwich Holds Revenue Steady in 2025 as Second-Half Recovery and Cash Generation Strengthen Balance Sheet
Positive
Jan 20, 2026
Midwich reported flat full-year 2025 revenue of around £1.3bn, with gross margins broadly unchanged and adjusted profit before tax expected to meet guidance at about £30m, underpinned by strong cash generation that reduced adjusted net d...
Executive/Board Changes
Midwich Brings Managing Director Into Long-Term Incentive Plan With 600,000-Share Award
Positive
Dec 24, 2025
Midwich Group has awarded its Group Managing Director, Stephen Fenby, 600,000 nominal cost options under its 2016 Long Term Incentive Plan, marking the first time the long-serving executive has been included in the scheme. The 2025 LTIP award, equ...
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.