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Made Tech Group PLC
(LSE:MTEC)
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Rating:69Neutral
Price Target:
42.00 p
▲(1.20% Upside)
Action:Reiterated
Date:12/30/25
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
Low leverage / strong balance sheet
A very low debt-to-equity ratio and positive equity provide durable financial flexibility. This conservative capital structure supports bidding for multi-year public-sector frameworks, cushions operating volatility, and enables reinvestment or opportunistic hiring without immediate refinancing pressure.
Negative Factors
Earnings and cash-flow volatility
Historic swings in profitability and cash flow reflect sensitivity to contract timing and project delivery cycles. Persistent volatility makes long-term planning and investment harder, increases working-capital risk across procurement cycles, and can pressure margins during weaker award periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
A very low debt-to-equity ratio and positive equity provide durable financial flexibility. This conservative capital structure supports bidding for multi-year public-sector frameworks, cushions operating volatility, and enables reinvestment or opportunistic hiring without immediate refinancing pressure.
Read all positive factors
Made Tech Group PLC (MTEC) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£54.49M
Dividend YieldN/A
Average Volume (3M)852.62K
Price to Earnings (P/E)29.4
Beta (1Y)1.34
Revenue Growth27.43%
EPS GrowthN/A
CountryUK
Employees374
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.01
Shares Outstanding149,287,060
10 Day Avg. Volume1,467,301
30 Day Avg. Volume852,616
Financial Highlights & Ratios
PEG Ratio-0.21
Price to Book (P/B)3.37
Price to Sales (P/S)1.05
P/FCF Ratio16.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£60.00Price Target Upside44.58% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.03
Revenue Forecast (FY)£60.60M
Made Tech Group PLC Business Overview & Revenue Model
Company Description
Made Tech Group Plc, headquartered in London, UK, since its establishment in 2008, specializes in delivering advanced digital, data, and technology services exclusively to the United Kingdom's public sector. The company's comprehensive offerings i...
How the Company Makes Money
Made Tech generates revenue primarily by delivering professional services to customers, mainly in the UK public sector. It typically earns fees under contracted engagements for digital transformation work, including (i) building and improving digi...
Made Tech Group PLC Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
78
Positive
Cash Flow
71
Positive
| Breakdown | TTM | May 2024 | May 2023 | May 2022 | May 2022 | May 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 52.48M | 46.43M | 38.57M | 40.20M | 29.29M | 13.33M |
| Gross Profit | 15.13M | 14.84M | 14.01M | 14.39M | 11.26M | 5.01M |
| EBITDA | 3.60M | 2.59M | -1.77M | -1.10M | 49.00K | -511.00K |
| Net Income | 1.85M | 1.40M | -2.45M | -1.60M | -308.00K | -781.00K |
Balance Sheet | ||||||
| Total Assets | 23.26M | 19.37M | 15.63M | 20.18M | 21.18M | 4.22M |
| Cash, Cash Equivalents and Short-Term Investments | 11.86M | 10.41M | 7.65M | 8.47M | 12.33M | 922.00K |
| Total Debt | 1.29M | 1.09M | 0.00 | 140.00K | 320.00K | 1.73M |
| Total Liabilities | 7.58M | 4.89M | 3.14M | 4.97M | 6.39M | 5.01M |
| Stockholders Equity | 15.68M | 14.49M | 12.49M | 15.21M | 14.79M | -787.00K |
Cash Flow | ||||||
| Free Cash Flow | 3.17M | 2.93M | -568.00K | -3.69M | -661.00K | 48.00K |
| Operating Cash Flow | 3.52M | 3.06M | 778.00K | -521.00K | 1.68M | 320.00K |
| Investing Cash Flow | -350.00K | 126.00K | -1.10M | -3.14M | -2.34M | -272.00K |
| Financing Cash Flow | -567.00K | -424.00K | -506.00K | -194.00K | 12.07M | -112.00K |
Made Tech Group PLC Technical Analysis
Negative
41.50
Price Trends
38.35
Negative
38.02
Negative
35.65
Positive
Market Momentum
-0.43
Positive
39.14
Neutral
11.27
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MTEC, the sentiment is Negative. The current price of 41.5 is above the 20-day moving average (MA) of 38.10, above the 50-day MA of 38.35, and above the 200-day MA of 35.65, indicating a neutral trend. The MACD of -0.43 indicates Positive momentum. The RSI at 39.14 is Neutral, neither overbought nor oversold. The STOCH value of 11.27 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:MTEC.
Made Tech Group PLC Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £3.70B | 26.54 | 45.16% | 2.05% | 68.13% | 12.44% | |
69 Neutral | £54.49M | 29.44 | 12.27% | ― | 27.43% | ― | |
69 Neutral | £62.78M | 36.25 | 38.65% | 2.69% | 15.70% | -4.34% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | £61.87M | -98.53 | -18.74% | ― | 0.98% | 93.32% | |
54 Neutral | £117.42M | 20.87 | 10.20% | 13.93% | -31.03% | -72.36% | |
54 Neutral | £203.93M | 83.12 | 4.57% | 3.01% | -31.46% | 297.44% |
* Technology Sector Average
GB:MTEC
Made Tech Group PLC
36.50
-1.00
-2.67%
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GB:TPX
TPXimpact Holdings PLC
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Made Tech Group PLC Corporate Events
Business Operations and StrategyFinancial Disclosures
Made Tech lifts FY26 earnings and cash as public sector AI demand builds
Positive
Jun 30, 2026
Made Tech reported unaudited FY26 revenue of £58.9 million, up 27% year on year and ahead of market expectations, with adjusted EBITDA rising 69% to £5.9 million and margins improving to about 10%. The group ended the year debt-free with...
Business Operations and StrategyFinancial Disclosures
Made Tech wins £19m GDS IT and security contract, boosts bookings outlook
Positive
Apr 15, 2026
Made Tech Group has secured a three-year, £19 million contract to act as Strategic IT and Security Delivery Partner to the Government Digital Service, part of the Department for Science, Innovation and Technology. The engagement will support ...
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.