Made Tech Group PLC (MTEC) AI Stock Analysis

• Market Cap: £50.76M
• Dividend Yield: N/A
• Average Volume (3M): 852.62K
• Price to Earnings (P/E): 37.1
• Beta (1Y): 1.62
• Revenue Growth: 20.40%
• EPS Growth: N/A
• Country: UK
• Employees: 426
• Sector: General
• Sector Strength: N/A
• Industry: Information Technology Services
• EPS (TTM): <0.01
• Shares Outstanding: 149,287,060
• 10 Day Avg. Volume: 1,467,301
• 30 Day Avg. Volume: 852,616
• PEG Ratio: -0.22
• Price to Book (P/B): 3.37
• Price to Sales (P/S): 1.05
• P/FCF Ratio: 16.68
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: 37.00p ▲(10.45% Upside)

The score is driven primarily by improving financial performance (return to profitability, stronger cash flow, low leverage) and supportive technical momentum. These positives are partially offset by a high P/E valuation and the company’s history of earnings and cash-flow volatility, while recent corporate updates provide an additional positive tilt.

Positive Factors

Revenue Growth

The significant revenue growth indicates strong demand for Made Tech's services, enhancing its market position and supporting long-term expansion.

Debt-Free Position

A debt-free balance sheet provides financial flexibility, reducing risk and allowing Made Tech to invest in growth opportunities without financial strain.

Public Sector Focus

Focusing on public sector digital transformation aligns with governmental priorities, ensuring sustained demand and strategic growth opportunities.

Negative Factors

Earnings Volatility

Historical earnings volatility suggests potential instability, which may challenge consistent profitability and investor confidence over time.

Leadership Change

Leadership changes can disrupt strategic continuity and execution, potentially impacting financial performance and stakeholder confidence.

Sales Bookings Decline

A decline in sales bookings may indicate challenges in securing new contracts, which could affect future revenue growth and operational stability.

Made Tech Group PLC Business Overview & Revenue Model

Company Description

Made Tech Group Plc provides digital, data, and technology services to the public sector in the United Kingdom. The company offers digital delivery, data infrastructure and insights, embedded capabilities, and legacy application transformation services. It serves central and local government, housing, healthcare, transport, and education; police, justice, and emergency; and space, defense, and security sectors. The company was formerly known as Made Tech Group Limited and changed its name to Made Tech Group Plc in September 2021. Made Tech Group Plc was founded in 2008 and is based in London, the United Kingdom.

How the Company Makes Money

Made Tech Group PLC generates revenue primarily through the provision of consulting services and digital transformation projects for public sector clients. The company engages in long-term contracts with government agencies and departments to deliver customized technology solutions, which include software development, IT infrastructure modernization, and data analytics services. Key revenue streams include project-based fees for service delivery, subscription models for ongoing support and maintenance, and consulting fees for strategic digital advisory services. Made Tech's earnings are significantly influenced by its ability to secure government contracts and maintain strategic partnerships within the public sector.

Made Tech Group PLC Financial Statement Overview

Summary

Made Tech Group PLC faces financial headwinds with declining revenue and negative profitability margins. Despite a strong balance sheet with no debt, the negative return on equity and cash flow inefficiencies highlight operational challenges. Strategic improvements are needed for financial recovery.

Income Statement

The income statement shows declining revenue with a negative growth rate of -4.05% from the previous year. The company is facing negative profitability margins, with a gross profit margin of 36.32% and a net profit margin of -6.36%, indicating operational challenges. The EBIT margin is -8.38%, and the EBITDA margin is -4.59%, reflecting inefficiencies and high operating costs.

Balance Sheet

The balance sheet reflects a stable financial structure with no debt, resulting in a favorable debt-to-equity ratio. The equity ratio is 79.89%, suggesting strong reliance on equity financing. However, the negative return on equity of -19.64% indicates that the company is not generating sufficient returns on its equity investments.

Cash Flow

Cash flow analysis shows a slight improvement in operating cash flow, but free cash flow remains negative at -568,000. The operating cash flow to net income ratio is negative, indicating cash flow challenges. The free cash flow to net income ratio also highlights inefficiencies in converting earnings to cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	46.43M	46.43M	38.57M	40.20M	29.29M	13.33M
Gross Profit	14.84M	14.84M	14.01M	14.39M	11.26M	5.01M
EBITDA	1.88M	2.59M	-1.77M	-1.10M	49.00K	-511.00K
Net Income	1.40M	1.40M	-2.45M	-1.60M	-308.00K	-781.00K
Balance Sheet
Total Assets	19.37M	19.37M	15.63M	20.18M	21.18M	4.22M
Cash, Cash Equivalents and Short-Term Investments	10.41M	10.41M	7.65M	8.47M	12.33M	922.00K
Total Debt	1.09M	1.09M	0.00	140.00K	320.00K	1.73M
Total Liabilities	4.89M	4.89M	3.14M	4.97M	6.39M	5.01M
Stockholders Equity	14.49M	14.49M	12.49M	15.21M	14.79M	-787.00K
Cash Flow
Free Cash Flow	2.93M	2.93M	-568.00K	-3.69M	-661.00K	48.00K
Operating Cash Flow	3.06M	3.06M	778.00K	-521.00K	1.68M	320.00K
Investing Cash Flow	-139.00K	126.00K	-1.10M	-3.14M	-2.34M	-272.00K
Financing Cash Flow	-419.00K	-424.00K	-506.00K	-194.00K	12.07M	-112.00K

Made Tech Group PLC Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 33.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MTEC, the sentiment is Positive. The current price of 33.5 is below the 20-day moving average (MA) of 33.92, above the 50-day MA of 31.18, and above the 200-day MA of 32.30, indicating a bullish trend. The MACD of 1.05 indicates Negative momentum. The RSI at 72.91 is Negative, neither overbought nor oversold. The STOCH value of 65.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:MTEC.

Made Tech Group PLC Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TRD	72 Outperform	£43.57M	22.87	44.27%	2.69%	30.01%	138.65%
MTEC	69 Neutral	£50.76M	37.10	10.36%	―	20.40%	―
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TIA	50 Neutral	£30.73M	-6.17	-67.57%	―	-12.11%	-106.04%
TPX	50 Neutral	£18.93M	-2.52	-17.47%	―	-5.84%	55.30%
GST	39 Underperform	£14.18M	-6.67	-29.54%	―	-44.27%	-350.00%

Made Tech Group PLC Corporate Events

Made Tech Group PLC Reports Strong First Half Performance, Expects to Surpass Market Expectations

Made Tech Group PLC announced a significant trading update for the first half of FY26, reporting a 27% increase in revenue to approximately £27.7 million and a 33% rise in adjusted EBITDA to around £2.4 million. The company remains debt-free with strong cash flow, and its contracted backlog provides solid coverage for future operations. Despite softer sales bookings compared to the previous year, the company expects to exceed market expectations for FY26, driven by operational efficiencies and a strong sales pipeline. The UK Government’s emphasis on technology positions Made Tech well for future growth, with the company expressing confidence in its outlook.

Made Tech Group PLC Announces New Employee Share Options

Made Tech Group PLC announced the granting of awards over ordinary shares to employees through its Long Term Incentive Plan (LTIP) and Save As You Earn (SAYE) scheme. The LTIP options, granted to senior employees, are subject to performance conditions and vest over three years, while the SAYE scheme, launched in 2025, allows employees to purchase shares at a set price, with a significant portion of the workforce participating. These initiatives aim to align employee incentives with company performance, potentially enhancing stakeholder value and company growth.

Made Tech Group PLC Announces Successful AGM Outcomes

Made Tech Group PLC announced that all resolutions were passed at its recent Annual General Meeting, reflecting strong shareholder support. This outcome is likely to reinforce the company’s strategic direction and operational stability, potentially enhancing its positioning within the digital transformation sector for the UK public sector.

Made Tech Group PLC Releases Annual Report and AGM Notice

Made Tech Group PLC has announced the availability of its Annual Report for the year ending 31 May 2025, along with the Notice of its Annual General Meeting (AGM), which will be held on 11 November 2025 in London. This announcement signifies the company’s commitment to transparency and engagement with its stakeholders, as it continues to provide essential digital transformation services to the UK public sector.