Midwich (GB:MIDW)
LSE:MIDW
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Midwich
(LSE:MIDW)
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Rating:51Neutral
Price Target:
148.00 p
▼(-19.57% Downside)
Action:Reiterated
Date:05/13/26
The score is held back primarily by weakened financial quality—2025 profitability turned negative and leverage is elevated—despite strong revenue growth and resilient free cash flow. Technicals also remain unfavorable with the stock below major moving averages and a negative MACD, while valuation support comes mainly from the high dividend yield but is constrained by loss-driven negative P/E.
Positive Factors
Diversified distribution model
Midwich's multi-geography, multi-category distribution model and portfolio of specialist businesses create durable scale and reduced single-market risk. Strong vendor relationships and technical services deepen channel stickiness, supporting sourcing and service advantages over time.
Negative Factors
Profitability deterioration
The move to a net loss in 2025 is a material deterioration in earnings power, weakening returns and retained equity. Persistent losses reduce reinvestment capacity, can strain partner confidence and may necessitate difficult cost or strategic choices to restore sustainable profitability over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified distribution model
Midwich's multi-geography, multi-category distribution model and portfolio of specialist businesses create durable scale and reduced single-market risk. Strong vendor relationships and technical services deepen channel stickiness, supporting sourcing and service advantages over time.
Read all positive factors
Midwich (MIDW) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£137.48M
Dividend Yield5.1%
Average Volume (3M)319.00K
Price to Earnings (P/E)―
Beta (1Y)0.87
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.24
Revenue Forecast (FY)£1.33B
Midwich Business Overview & Revenue Model
Company Description
Midwich Group plc, along with its associated companies, operates as a specialist distributor of audio-visual (AV) solutions, catering exclusively to trade partners across an extensive global network. Its operations span the United Kingdom, Ireland...
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
145.16
Negative
164.91
Negative
170.68
Negative
Market Momentum
-3.08
Positive
47.07
Neutral
24.84
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 141.61, above the 50-day MA of 145.16, and above the 200-day MA of 170.68, indicating a bearish trend. The MACD of -3.08 indicates Positive momentum. The RSI at 47.07 is Neutral, neither overbought nor oversold. The STOCH value of 24.84 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | £238.46M | 44.89 | 11.85% | 0.95% | 13.75% | 6.74% | |
68 Neutral | £203.01M | 83.64 | 5.22% | 0.80% | 19.00% | -53.85% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | £193.58M | 78.06 | 4.57% | 3.01% | -31.46% | 297.44% | |
54 Neutral | £208.72M | -4.13 | -31.21% | ― | -7.62% | 5.48% | |
53 Neutral | £6.78M | -1.80 | -19.88% | 1.85% | 19.66% | -151.99% | |
51 Neutral | £137.48M | -6.71 | -12.68% | 5.10% | -1.92% | -239.71% |
* Technology Sector Average
GB:MIDW
Midwich
138.60
-62.88
-31.21%
GB:CNC
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263.00
67.10
34.25%
GB:NET
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120.00
2.50
2.13%
GB:NAR
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25.00
-6.36
-20.28%
GB:RCN
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120.75
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-4.17%
GB:TTG
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117.00
13.40
12.93%
Midwich Corporate Events
Regulatory Filings and Compliance
Midwich CEO Restructures 720,000-Share Holding via Family Investment Vehicle
Neutral
May 29, 2026
Midwich Group plc has announced an internal share transfer by Group Chief Executive Officer Stephen Fenby and his wife, who moved a combined 720,000 ordinary shares to Sawley Ventures Limited, a family investment company in which they are benefici...
Business Operations and StrategyExecutive/Board Changes
Midwich appoints RS Group executive Peter Malpas to board
Positive
May 28, 2026
Midwich Group, the AIM-listed audiovisual distribution specialist, has appointed Peter Malpas as an independent non-executive director effective 1 June 2026, succeeding Mike Ashley who left the board earlier in May. Malpas, currently President of ...
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresShareholder Meetings
Midwich shareholders back all AGM resolutions, approve 2025 dividend
Positive
May 12, 2026
Shareholders of Midwich Group plc, the AIM-quoted audiovisual distributor, approved all resolutions at the company’s latest annual general meeting, including the adoption of 2025 accounts and the re-election of all directors. Auditors RSM UK...
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
Midwich signals regional recovery and eyes acquisitions despite Middle East drag
Neutral
May 12, 2026
Midwich Group plc told shareholders at its AGM that it is gaining market share, opening new revenue streams and driving efficiencies as conditions start to improve in some regions. Strong trading in the UK and Southern Europe has offset weak deman...
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...
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.