Made Tech Group PLC (GB:MTEC)
LSE:MTEC
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Made Tech Group PLC
(LSE:MTEC)
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Rating:69Neutral
Price Target:
44.00 p
▲(8.64% Upside)
Action:ReiteratedDate: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
Public-sector digital transformation specialist with end-to-end capabilities
A specialist focus on UK public-sector digital transformation and full-stack delivery (service design, agile build, cloud, data) creates durable demand from procurement frameworks and follow-on phases. This positioning supports repeatable contract pipelines and higher switching costs versus generalist consultancies.
Negative Factors
Historical earnings and cash-flow volatility
The company has experienced multi-year profit and cash‑flow swings, including negative operating/free cash flow in recent years. Such variability increases execution risk, complicates long-term forecasting, and means recent improvements may require several reporting periods to confirm durability.
Read all positive and negative factors
Positive Factors
Negative Factors
Public-sector digital transformation specialist with end-to-end capabilities
A specialist focus on UK public-sector digital transformation and full-stack delivery (service design, agile build, cloud, data) creates durable demand from procurement frameworks and follow-on phases. This positioning supports repeatable contract pipelines and higher switching costs versus generalist consultancies.
Read all positive factors
Made Tech Group PLC (MTEC) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£56.73M
Dividend YieldN/A
Average Volume (3M)852.62K
Price to Earnings (P/E)15.2
Beta (1Y)1.73
Revenue Growth20.40%
EPS GrowthN/A
CountryUK
Employees426
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-0.22
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 Upside48.15% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.02
Revenue Forecast (FY)£57.51M
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 ser...
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 | 2.88M | 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
Positive
40.50
Price Trends
37.22
Positive
35.01
Positive
35.15
Positive
Market Momentum
0.40
Negative
65.19
Neutral
82.61
Negative
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 40.5 is above the 20-day moving average (MA) of 36.26, above the 50-day MA of 37.22, and above the 200-day MA of 35.15, indicating a bullish trend. The MACD of 0.40 indicates Negative momentum. The RSI at 65.19 is Neutral, neither overbought nor oversold. The STOCH value of 82.61 is Negative, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £2.40B | 10.91 | 42.93% | 2.05% | 51.50% | 11.62% | |
72 Outperform | £50.55M | 14.63 | 38.65% | 2.69% | 30.01% | 138.65% | |
69 Neutral | £56.73M | 15.19 | 12.27% | ― | 20.40% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | £189.59M | 18.70 | 4.57% | 3.01% | -31.46% | 297.44% | |
52 Neutral | £29.55M | -2.77 | -18.74% | ― | -5.84% | 55.30% | |
51 Neutral | £107.04M | 25.88 | 10.20% | 13.93% | -27.01% | -49.07% |
* Technology Sector Average
GB:MTEC
Made Tech Group PLC
40.50
15.75
63.64%
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Made Tech Group PLC Corporate Events
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 ...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Made Tech powers past forecasts with record first-half revenue and profit
Positive
Feb 26, 2026
Made Tech reported a strong first half for the six months to 30 November 2025, with revenue up 28% to £27.8m and adjusted EBITDA up 35% to £2.4m, as it executed against a substantial contracted backlog and reduced its reliance on contrac...
Business Operations and StrategyExecutive/Board Changes
Made Tech appoints seasoned finance leader as new CFO to drive next growth phase
Positive
Feb 26, 2026
Made Tech Group PLC, a UK-focused digital, data and technology services provider to the public sector, has appointed Richard Swinyard as its new Chief Financial Officer, effective 2 March 2026. Swinyard brings extensive experience in technology 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.