Midwich Group (MIDW)

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FTSE AIM 50

440.00p
   
  • Change Today:
    -10.00p
  • 52 Week High: 610.00
  • 52 Week Low: 368.00
  • Currency: UK Pounds
  • Shares Issued: 87.92m
  • Volume: 19,931
  • Market Cap: £386.84m

Dividend Data

  31-Dec-1931-Dec-1831-Dec-1731-Dec-1631-Dec-15
Interim Dividend4.85p4.60p4.17p1.53pn/a
Final Dividendn/a10.60p9.65p7.09pn/a
Total Dividend4.85p15.20p13.82p8.62pn/a
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Continuing Operations          
Revenue 686.24 573.68 471.94 370.14 314.28
Operating Profit/(Loss) 24.93 24.94 20.81 14.49 12.64
Net Interest (1.15) (3.91) (1.91) (2.38) (4.08)
Profit Before Tax 23.78 21.03 18.90 12.10 8.56
Profit After Tax 18.20 15.26 13.98 8.56 5.81
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a n/a
PROFIT FOR THE PERIOD 18.20 15.26 13.98 8.56 5.81
Attributable to:          
Equity Holders of Parent Company 17.18 14.70 13.56 8.22 5.00
Minority Interests 1.02 0.56 0.42 0.34 0.81
           
Continuing EPS          
Earnings per Share - Basic 21.67p 18.50p 17.06p 10.92p 7.14p
Earnings per Share - Diluted 21.31p 18.33p 17.00p 10.91p 7.14p
Earnings per Share - Adjusted 28.49p 27.20p 22.86p 18.63p 15.59p
Continuing and Discontinued EPS          
Earnings per Share - Basic 21.67p 18.50p 17.06p 10.92p 7.14p
Earnings per Share - Diluted 21.31p 18.33p 17.00p 10.91p 7.14p
Earnings per Share - Adjusted 28.49p 27.20p 22.86p 18.63p 15.59p
           
Dividend per Share 4.85p 15.20p 13.82p 8.62p n/a
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Assets          
Non-Current Assets          
Property, Plant & Equipment 28.03 17.17 7.69 5.04 3.65
Intangible Assets 45.30 36.33 31.40 23.38 22.82
Investment Properties n/a n/a n/a n/a n/a
Investments n/a n/a n/a n/a n/a
Other Financial Assets n/a n/a n/a (0.01) 0.01
Other Non-Current Assets 2.17 1.42 0.39 n/a n/a
  75.50 54.92 39.48 28.41 26.48
Current Assets          
Inventories 88.69 74.38 62.98 48.14 37.85
Trade & Other Receivables 104.10 83.14 76.36 52.55 42.71
Cash at Bank & in Hand 13.02 16.68 28.20 20.16 18.10
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets n/a 0.03 n/a n/a n/a
  205.81 174.23 167.55 120.85 98.66
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 281.31 229.15 207.03 149.26 125.13
           
Liabilities          
Current Liabilities          
Borrowings 46.53 36.84 50.18 35.20 41.97
Other Current Liabilities 116.43 106.37 92.42 62.55 61.05
  162.96 143.21 142.60 97.75 103.02
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 36.47 16.11 0.32 n/a 6.07
Provisions 9.33 5.57 4.45 3.41 3.66
Other Non-Current Liabilities 7.26 6.15 6.57 1.51 n/a
  53.06 27.82 11.34 4.92 9.73
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 216.02 171.03 153.94 102.67 112.76
           
Net Assets 65.29 58.12 53.09 46.59 12.38
           
Capital & Reserves          
Share Capital 0.80 0.79 0.79 0.79 1.40
Share Premium Account 28.23 25.85 25.85 25.86 n/a
Other Reserves (2.90) (0.63) (1.00) (0.77) (2.53)
Retained Earnings 31.87 27.53 24.33 19.77 8.65
Shareholders Funds 57.99 53.55 49.98 45.64 7.52
           
Minority Interests/Other Equity 7.30 4.57 3.11 0.95 4.86
Total Equity 65.29 58.12 53.09 46.59 12.38
Cash Flow 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Net Cash Flow From Operating Activities 17.38 24.24 17.29 3.62 18.20
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (22.90) (11.31) (10.34) (4.84) (2.36)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities 1.81 (16.81) (4.79) 2.68 (8.81)
Net Increase/Decrease In Cash (3.71) (3.88) 2.15 1.46 7.04
Ratios - based on IFRS 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Continuing Operations          
PE Ratio - Adjusted 19.3 18.1 22.2 12.4 n/a
PEG - Adjusted 3.9 1.0 1.0 0.6 n/a
Earnings per Share Growth - Adjusted 5% 19% 23% 20% n/a
Dividend Cover 5.87 1.79 1.65 2.16 n/a
Revenue per Share 780.54p 652.52p 536.79p 421.00p 357.47p
Pre-Tax Profit per Share 27.05p 23.92p 21.50p 13.76p 9.74p
Operating Margin 3.63% 4.35% 4.41% 3.91% 4.02%
Return on Capital Employed 22.20% 31.06% 27.16% 23.42% 30.63%
Continuing & Discontinued Operations          
PE Ratio - Adjusted 19.3 18.1 22.2 12.4 n/a
PEG - Adjusted 3.9 1.0 1.0 0.6 n/a
Earnings per Share Growth - Adjusted 5% 19% 23% 20% n/a
Dividend Cover 5.87 1.79 1.65 2.16 n/a
           
Dividend Yield 0.9% 3.1% 2.7% 3.7% 0.0%
Dividend per Share Growth (68.09%) 9.99% 60.32% n/a n/a
Operating Cash Flow per Share 19.76p 27.57p 19.66p 4.12p n/a
Cash Incr/Decr per Share (4.22p) (4.41p) 2.45p 1.66p 8.01p
Net Asset Value per Share (exc. Intangibles) 22.74p 24.78p 24.67p 26.40p (11.88p)
Net Gearing 120.67% 67.72% 44.61% 32.95% 398.14%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Forecast figures based on normalised accounts.

 

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