Update shared on 18 Jun 2026
Fair value Increased 1.06%Analysts have nudged their fair value estimate for Bytes Technology Group up slightly from £4.70 to £4.75, reflecting updated assumptions on discount rates, growth and margins following recent research and valuation work.
What’s in the News for Bytes Technology Group
- Bytes Technology Group plc has an authorised share repurchase program of up to £25 million aimed at reducing share capital, with all ordinary shares bought under the plan expected to be cancelled and the program targeted for completion in the first half of FY27. (Source: Company buyback transaction announcement)
- From 15 August 2025 to 12 May 2026, Bytes Technology Group repurchased 6,473,731 shares, representing 2.71% of its share capital, for £25 million, completing the buyback announced on 15 August 2025. (Source: Buyback tranche update)
- The Board reaffirmed earnings guidance for 2027, keeping the outlook consistent with the fiscal 2026 trading update, with expectations for high single digit to low double digit GP growth and operating profit broadly flat as the Group absorbs about £4.5 million of cost normalisation. (Source: Corporate guidance update)
- Bytes Technology Group proposed a final dividend of 7.0 pence per share for the year ended 28 February 2026, subject to shareholder approval at the AGM on 9 July 2026, with payment expected on 31 July 2026 to shareholders on the register at 17 July 2026 and ex dividend dates of 5 July 2026 for the SA register and 16 July 2026 for the UK register. (Source: Dividend announcement)
- The Board plans to separate the combined Chief Financial Officer and Chief Operating Officer roles, with Andrew Holden to step down as CFO and from the Board once a replacement is appointed, and then move into the role of Chief Operating Officer. (Source: Executive changes announcement)
Valuation Changes for Bytes Technology Group
- Fair Value: The fair value estimate for Bytes Technology Group stock has inched up slightly from £4.70 to £4.75 per share.
- Discount Rate: The discount rate used in the model has risen slightly from 8.82% to 9.03%.
- Revenue Growth: The assumed long-term pound revenue growth rate has been trimmed slightly from 12.75% to 11.79%.
- Net Profit Margin: The projected profit margin has been adjusted marginally from 21.79% to 21.75%.
- Future P/E: The forward price-to-earnings (P/E) multiple has moved modestly higher from 20.57x to 20.95x.
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