Midwich Group (MIDW)

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FTSE AIM 50

584.00p
   
  • Change Today:
      4.00p
  • 52 Week High: 633.00
  • 52 Week Low: 474.50
  • Currency: UK Pounds
  • Shares Issued: 87.92m
  • Volume: 16,095
  • Market Cap: £513.44m

Dividend Data

  31-Dec-1831-Dec-1731-Dec-1631-Dec-15
Interim Dividend4.60p4.17p1.53pn/a
Final Dividend10.60p9.65p7.09pn/a
Total Dividend15.20p13.82p8.62pn/a
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Continuing Operations        
Revenue 573.68 471.94 370.14 314.28
Operating Profit/(Loss) 24.75 20.81 14.49 12.64
Net Interest (3.67) (1.91) (2.38) (4.08)
Profit Before Tax 21.08 18.90 12.10 8.56
Profit After Tax 15.29 13.98 8.56 5.81
Discontinued Operations        
Profit After Tax n/a n/a n/a n/a
PROFIT FOR THE PERIOD 15.29 13.98 8.56 5.81
Attributable to:        
Equity Holders of Parent Company 14.72 13.56 8.22 5.00
Minority Interests 0.56 0.42 0.34 0.81
         
Continuing EPS        
Earnings per Share - Basic 18.53p 17.06p 10.92p 7.14p
Earnings per Share - Diluted 18.36p 17.00p 10.91p 7.14p
Earnings per Share - Adjusted 27.28p 22.86p 18.63p 15.59p
Continuing and Discontinued EPS        
Earnings per Share - Basic 18.53p 17.06p 10.92p 7.14p
Earnings per Share - Diluted 18.36p 17.00p 10.91p 7.14p
Earnings per Share - Adjusted 27.28p 22.86p 18.63p 15.59p
         
Dividend per Share 15.20p 13.82p 8.62p n/a
  £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Assets        
Non-Current Assets        
Property, Plant & Equipment 7.39 7.69 5.04 3.65
Intangible Assets 35.95 31.40 23.38 22.82
Investment Properties n/a n/a n/a n/a
Investments n/a n/a n/a n/a
Other Financial Assets n/a n/a (0.01) 0.01
Other Non-Current Assets 1.22 0.39 n/a n/a
  44.57 39.48 28.41 26.48
Current Assets        
Inventories 74.38 62.98 48.14 37.85
Trade & Other Receivables 83.14 76.36 52.55 42.71
Cash at Bank & in Hand 16.68 28.20 20.16 18.10
Current Asset Investments n/a n/a n/a n/a
Other Current Assets 0.03 n/a n/a n/a
  174.23 167.55 120.85 98.66
         
Other Assets n/a n/a n/a n/a
Total Assets 218.79 207.03 149.26 125.13
         
Liabilities        
Current Liabilities        
Borrowings 35.15 50.18 35.20 41.97
Other Current Liabilities 106.37 92.42 62.55 61.05
  141.52 142.60 97.75 103.02
         
Net Current Assets cn/a cn/a cn/a cn/a
         
Non-Current Liabilities        
Borrowings 7.21 0.32 n/a 6.07
Provisions 5.57 4.45 3.41 3.66
Other Non-Current Liabilities 6.15 6.57 1.51 n/a
  18.93 11.34 4.92 9.73
         
Other Liabilities n/a n/a n/a n/a
Total Liabilities 160.45 153.94 102.67 112.76
         
Net Assets 58.35 53.09 46.59 12.38
         
Capital & Reserves        
Share Capital 0.79 0.79 0.79 1.40
Share Premium Account 25.85 25.85 25.86 n/a
Other Reserves (0.64) (1.00) (0.77) (2.53)
Retained Earnings 27.77 24.33 19.77 8.65
Shareholders Funds 53.78 49.98 45.64 7.52
         
Minority Interests/Other Equity 4.57 3.11 0.95 4.86
Total Equity 58.35 53.09 46.59 12.38
Cash Flow 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Net Cash Flow From Operating Activities 22.37 17.29 3.62 18.20
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (13.33) (10.34) (4.84) (2.36)
Acquisitions & Disposals gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (12.92) (4.79) 2.68 (8.81)
Net Increase/Decrease In Cash (3.88) 2.15 1.46 7.04
Ratios - based on IFRS 31-Dec-18 31-Dec-17 31-Dec-16 31-Dec-15
Continuing Operations        
PE Ratio - Adjusted 18.0 22.2 12.4 n/a
PEG - Adjusted 0.9 1.0 0.6 n/a
Earnings per Share Growth - Adjusted 19% 23% 20% n/a
Dividend Cover 1.79 1.65 2.16 n/a
Revenue per Share 652.52p 536.79p 421.00p 357.47p
Pre-Tax Profit per Share 23.98p 21.50p 13.76p 9.74p
Operating Margin 4.31% 4.41% 3.91% 4.02%
Return on Capital Employed 35.20% 27.16% 23.42% 30.63%
Continuing & Discontinued Operations        
PE Ratio - Adjusted 18.0 22.2 12.4 n/a
PEG - Adjusted 0.9 1.0 0.6 n/a
Earnings per Share Growth - Adjusted 19% 23% 20% n/a
Dividend Cover 1.79 1.65 2.16 n/a
         
Dividend Yield 3.1% 2.7% 3.7% 0.0%
Dividend per Share Growth 9.99% 60.32% n/a n/a
Operating Cash Flow per Share 25.45p 19.66p 4.12p n/a
Cash Incr/Decr per Share (4.41p) 2.45p 1.66p 8.01p
Net Asset Value per Share (exc. Intangibles) 25.47p 24.67p 26.40p (11.88p)
Net Gearing 47.75% 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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