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Mitie Group

DB:MZ4
Snowflake Description

Average dividend payer with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MZ4
DB
£459M
Market Cap
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Last updated 2019/04/24 21:47
Company description

Mitie Group plc, through its subsidiaries, provides strategic outsourcing services in the United Kingdom and internationally. The last earnings update was 153 days ago. More info.

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MZ4 Share Price and Events
7 Day Returns
2.2%
DB:MZ4
1.8%
DE Commercial Services
1%
DE Market
1 Year Returns
-30.5%
DB:MZ4
-6.6%
DE Commercial Services
-5.6%
DE Market
MZ4 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mitie Group (MZ4) 2.2% -18.5% 4.7% -30.5% -59.2% -62.8%
DE Commercial Services 1.8% 3.4% 11.6% -6.6% 4.2% -41.3%
DE Market 1% 6.1% 8.4% -5.6% 10.9% 13.8%
1 Year Return vs Industry and Market
  • MZ4 underperformed the Commercial Services industry which returned -6.6% over the past year.
  • MZ4 underperformed the Market in Germany which returned -5.6% over the past year.
Price Volatility
MZ4
Industry
5yr Volatility vs Market

Value

 Is Mitie Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Mitie Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mitie Group.

DB:MZ4 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:MZ4
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 19%) (58.46%)) 		1.056
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.056 * 6.65%) 		7.25%

Discounted Cash Flow Calculation for DB:MZ4 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mitie Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:MZ4 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 7.25%)
2019 -9.27 Analyst x5 -8.65
2020 53.80 Analyst x6 46.77
2021 64.48 Analyst x6 52.27
2022 72.68 Est @ 12.72% 54.93
2023 79.20 Est @ 8.97% 55.82
2024 84.23 Est @ 6.35% 55.35
2025 88.03 Est @ 4.51% 53.94
2026 90.87 Est @ 3.23% 51.91
2027 92.98 Est @ 2.33% 49.53
2028 94.56 Est @ 1.7% 46.97
Present value of next 10 years cash flows £458.85
DB:MZ4 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £94.56 × (1 + 0.23%) ÷ (7.25% – 0.23%) 		£1,350.04
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £1,350.04 ÷ (1 + 7.25%)10 		£670.58
DB:MZ4 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £458.85 + £670.58 		£1,129.42
Equity Value per Share
(GBP)		 = Total value / Shares Outstanding
= £1,129.42 / 361.07 		£3.13
DB:MZ4 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:MZ4 represents 1.11408x of LSE:MTO
(This could be a different class, a depositary receipt, a different currency, or all of these things.) 		1.11408x
Value per Share
(Listing Adjusted, EUR)		 = Value per Share (GBP) x Listing Adjustment Factor
= £ 3.13 x 1.11408 		€3.48
Value per share (EUR) From above. €3.48
Current discount Discount to share price of €1.42
= -1 x (€1.42 - €3.48) / €3.48 		59.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Mitie Group is available for.
Intrinsic value
>50%
Share price is €1.42 vs Future cash flow value of €3.48
Current Discount Checks
For Mitie Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Mitie Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Mitie Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mitie Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mitie Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MZ4 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in GBP £-0.07
LSE:MTO Share Price ** LSE (2019-04-24) in GBP £1.27
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 16.84x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mitie Group.

DB:MZ4 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:MTO Share Price ÷ EPS (both in GBP)

= 1.27 ÷ -0.07

 -17.83x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mitie Group is loss making, we can't compare its value to the Europe Commercial Services industry average.
  • Mitie Group is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Mitie Group's expected growth come at a high price?
Raw Data
DB:MZ4 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -17.83x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts		 50.6%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 53 Publicly-Listed Commercial Services Companies 1.39x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Mitie Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mitie Group's assets?
Raw Data
DB:MZ4 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in GBP £0.00
LSE:MTO Share Price * LSE (2019-04-24) in GBP £1.27
Germany Commercial Services Industry PB Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 2.04x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:MZ4 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:MTO Share Price ÷ Book Value per Share (both in GBP)

= 1.27 ÷ 0.00

 2294.22x

* Primary Listing of Mitie Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mitie Group is overvalued based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess Mitie Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
    5. Mitie Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Mitie Group expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
50.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mitie Group expected to grow at an attractive rate?
  • Mitie Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Mitie Group's earnings growth is expected to exceed the Germany market average.
  • Mitie Group's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:MZ4 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MZ4 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 50.6%
DB:MZ4 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 3.5%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 31.3%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:MZ4 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:MZ4 Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 2,593 1
2023-03-31 2,514 1
2022-03-31 2,437 1
2021-03-31 2,406 114 71 8
2020-03-31 2,340 93 57 8
2019-03-31 2,182 35 47 8
DB:MZ4 Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-09-30 2,244 -14 -26
2018-06-30 2,224 -12 -26
2018-03-31 2,204 -10 -27
2017-12-31 2,224 47 -34
2017-09-30 2,202 104 -50
2017-06-30 2,163 113 -51
2017-03-31 2,123 123 -52
2016-09-30 1,946 95 48
2016-06-30 2,047 90 60
2016-03-31 2,147 85 72
2015-12-31 2,265 92 75

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mitie Group's earnings are expected to grow significantly at over 20% yearly.
  • Mitie Group's revenue is expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:MZ4 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Mitie Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MZ4 Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31
2021-03-31 0.19 0.20 0.17 4.00
2020-03-31 0.14 0.18 0.11 4.00
2019-03-31 0.12 0.13 0.09 4.00
DB:MZ4 Past Financials Data
Date (Data in GBP Millions) EPS *
2018-09-30 -0.07
2018-06-30 -0.07
2018-03-31 -0.08
2017-12-31 -0.09
2017-09-30 -0.14
2017-06-30 -0.14
2017-03-31 -0.15
2016-09-30 0.14
2016-06-30 0.17
2016-03-31 0.20
2015-12-31 0.21

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Mitie Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Show me more growth companies in the Commercial Services industry
X
Future performance checks
We assess Mitie Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mitie Group has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Mitie Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mitie Group's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mitie Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Mitie Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Mitie Group's 1-year growth to the Europe Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
Mitie Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mitie Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MZ4 Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 2,243.50 -25.70 239.00
2018-06-30 2,223.60 -26.40 230.65
2018-03-31 2,203.70 -27.10 222.30
2017-12-31 2,223.50 -33.75 235.55
2017-09-30 2,201.90 -49.70 245.70
2017-06-30 2,162.65 -50.65 241.85
2017-03-31 2,123.40 -51.60 238.00
2016-09-30 1,946.40 48.00 155.60
2016-06-30 2,046.65 59.80 170.30
2016-03-31 2,146.90 71.60 185.00
2015-12-31 2,265.00 74.80 213.70
2015-09-30 2,298.10 73.90 227.00
2015-06-30 2,285.95 54.45 223.90
2015-03-31 2,273.80 35.00 220.80
2014-12-31 2,253.95 23.95 205.85
2014-09-30 2,234.10 12.90 190.90
2014-06-30 2,227.60 30.60 199.80
2014-03-31 2,221.10 48.30 208.70
2013-12-31 2,200.40 47.40 233.35
2013-09-30 2,179.70 46.50 258.00
2013-06-30 2,150.10 44.35 254.20
2013-03-31 2,120.50 42.20 250.40
2012-12-31 2,088.95 54.30 232.50
2012-09-30 2,057.40 66.40 214.60
2012-06-30 2,029.95 69.15 209.95

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Mitie Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Mitie Group has efficiently used its assets last year compared to the Europe Commercial Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Mitie Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Mitie Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mitie Group has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Mitie Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mitie Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mitie Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Mitie Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mitie Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mitie Group Company Filings, last reported 6 months ago.

DB:MZ4 Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 0.20 268.30 67.70
2018-06-30 0.20 268.30 67.70
2018-03-31 -24.00 259.40 59.80
2017-12-31 -24.00 259.40 59.80
2017-09-30 99.50 296.60 93.20
2017-06-30 99.50 296.60 93.20
2017-03-31 89.80 312.10 164.90
2016-09-30 225.30 325.10 62.50
2016-06-30 225.30 325.10 62.50
2016-03-31 361.50 285.80 93.10
2015-12-31 415.10 285.80 93.10
2015-09-30 390.10 277.70 53.00
2015-06-30 390.10 277.70 53.00
2015-03-31 378.30 281.00 96.40
2014-12-31 378.30 281.00 96.40
2014-09-30 376.60 275.40 41.60
2014-06-30 376.60 275.40 41.60
2014-03-31 403.90 275.70 89.10
2013-12-31 403.90 275.70 89.10
2013-09-30 409.20 276.20 53.90
2013-06-30 409.20 276.20 53.90
2013-03-31 405.30 287.00 90.80
2012-12-31 405.30 287.00 90.80
2012-09-30 413.30 194.10 60.00
2012-06-30 413.30 194.10 60.00
  • Mitie Group's level of debt (134150%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (67.5% vs 134150% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Mitie Group is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Mitie Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Mitie Group has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Mitie Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.2%
Current annual income from Mitie Group dividends. Estimated to be 3.28% next year.
If you bought €2,000 of Mitie Group shares you are expected to receive €84 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Mitie Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Mitie Group's dividend is above the markets top 25% of dividend payers in Germany (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:MZ4 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:MZ4 Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31
2021-03-31 0.04 8.00
2020-03-31 0.04 8.00
2019-03-31 0.04 8.00
DB:MZ4 Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-07-31 0.053 3.910
2017-11-20 0.027 1.533
2017-06-23 0.000 0.000
2017-06-12 0.000 0.000
2016-06-10 0.121 5.453
2016-05-23 0.121 4.283
2015-06-10 0.117 3.956
2015-05-18 0.117 3.798
2014-06-09 0.110 3.744
2014-05-19 0.110 3.368
2013-05-20 0.103 3.466
2012-06-06 0.096 3.437
2012-05-21 0.096 3.431
2012-01-31 0.093 3.366
2011-05-23 0.098 4.131
2010-11-22 0.082 3.846
2010-06-01 0.082 3.996
2010-05-17 0.082 3.516
2009-11-23 0.074 3.214
2009-05-18 0.072 3.059

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Mitie Group's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.4x coverage).
Show me more dividend paying companies in the Commercial Services industry
X
Income/ dividend checks
We assess Mitie Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mitie Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Mitie Group has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Mitie Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Phil Bentley
COMPENSATION £1,102,549
AGE 59
TENURE AS CEO 2.3 years
CEO Bio

Mr. Phillip Bentley, also known as Phil, has been the Chief Executive Officer of Mitie Group plc since December 12, 2016. Mr. Bentley served as the Chief Executive Officer and Executive Director of Cable & Wireless Communications Plc, parent company of Cable & Wireless Jamaica Limited from January 1, 2014 to May 16, 2016. He has Executive and non-executive experience with FTSE 100 public companies for over 15 years. He has Strategic and commercial experience, at both national and global level. He has Extensive executive and leadership experience from across industry. He has Extensive financial, audit and risk management systems experience. Mr. Bentley served as the Managing Director of British Gas Energy Services Ltd. from February 2007 to June 30, 2013. He served as the Chief Executive of British Gas Services Limited. He served as Group Finance Director of Centrica PLC from 2000 to February 2007 and its Managing Director of Europe from July 2004 to September 2006. He served as the Managing Director of Europe from July 2004 to September 2006. He served as a Finance Director of UDV-Guinness from 1999 to 2000 and also served as Group Treasurer and Director of Risk Management of Diageo plc since 1997 and Group Treasurer at Grand Metropolitan plc since 1995. He joined BP's graduate recruitment scheme in 1980, training as a Management accountant. He worked in China from 1983 to 1985, Egypt (1988-91) and the USA, before returning to the UK as Head of Capital Markets. He joined Grand Metropolitan in 1995, which became Diageo in 1997. He has been a Director of Mitie Group since November 1, 2016. He served as a Non-Executive Director of IMI plc since October 1, 2012 until December 31, 2014. He spent 15 years in finance roles at BP Plc. Mr. Bentley served as an Executive Director of Centrica plc from 2000 to 2013. He served as a Non-Executive Director of Kingfisher Plc from October 4, 2002 to March 17, 2010. He is Accountant by profession, with a Master's Degree from Oxford University and an MBA from INSEAD, Fontainebleau.

CEO Compensation
  • Phil's compensation has increased whilst company is loss making.
  • Phil's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Mitie Group management team in years:

1.4
Average Tenure
  • The average tenure for the Mitie Group management team is less than 2 years, this suggests a new team.
Management Team

Phil Bentley

TITLE
Group CEO & Executive Director
COMPENSATION
£1M
AGE
59
TENURE
2.3 yrs

Paul Woolf

TITLE
Group CFO & Director
COMPENSATION
£451K
TENURE
1.4 yrs

Sandip Mahajan

TITLE
Chief Financial Transformation Officer
COMPENSATION
£369K
TENURE
1.4 yrs

David Cooper

TITLE
Chief Information Officer
TENURE
1.8 yrs

Anna Gavrilova

TITLE
Head of Investor Relations

Peter Dickinson

TITLE
General Counsel & Company Secretary
TENURE
2.1 yrs

Chris Copeland

TITLE
Chief Marketing & Strategy Officer
TENURE
1.4 yrs

Jo Davis

TITLE
Group Human Resource Director
TENURE
1.2 yrs

Alison Saunders

TITLE
Managing Director

Jason Towse

TITLE
Managing Director of People Services for Total Security Management Business
Board of Directors Tenure

Average tenure and age of the Mitie Group board of directors in years:

1.7
Average Tenure
63
Average Age
  • The average tenure for the Mitie Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Derek Mapp

TITLE
Non-Executive Chairman
COMPENSATION
£201K
AGE
68
TENURE
1.8 yrs

Phil Bentley

TITLE
Group CEO & Executive Director
COMPENSATION
£1M
AGE
59
TENURE
2.4 yrs

Paul Woolf

TITLE
Group CFO & Director
COMPENSATION
£451K
TENURE
1.4 yrs

Jenny Duvalier

TITLE
Independent Non-Executive Director
COMPENSATION
£35K
TENURE
1.8 yrs

Mary Reilly

TITLE
Independent Non-Executive Director
COMPENSATION
£30K
AGE
65
TENURE
1.6 yrs

Roger Yates

TITLE
Senior Independent Director
COMPENSATION
£5K
AGE
61
TENURE
0.8 yrs

Nivedita Bhagat

TITLE
Independent Non-Executive Director
COMPENSATION
£43K
TENURE
1.8 yrs

Philippa Couttie

TITLE
Independent Non-Executive Director
COMPENSATION
£20K
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
14. Dec 18 Buy Phil Bentley Individual 10. Dec 18 10. Dec 18 293 €1.49 €435
10. Dec 18 Buy Phil Bentley Individual 10. Dec 18 10. Dec 18 146,800 €1.50 €220,175
X
Management checks
We assess Mitie Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. Mitie Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Mitie Group plc, through its subsidiaries, provides strategic outsourcing services in the United Kingdom and internationally. It offers engineering services, such as technical and building maintenance services, as well as offers specialist services, such as heating, cooling, lighting, water treatment, and building controls; and security services and products, including security personnel, emergency mobile response solutions, and fire and security systems. The company also provides professional services, including capital project consultancy, energy consultancy, real estate advisory, records management consultancy, security and risk strategy, sustainability strategy, technical assets strategy, and workplace and design services; and cleaning and environmental services, such as pest control and landscaping services. In addition, it offers document management services; custody services, such as immigration and prison services; and indoor and outdoor event catering services. Further, the company provides property management services primarily to clients in the social housing sector; and painting and commercial refurbishment roofing services. Mitie Group plc was founded in 1987 and is headquartered in London, the United Kingdom.

Details
Name: Mitie Group plc
MZ4
Exchange: DB
Founded: 1987
£530,926,097
361,069,868
Website: http://www.mitie.com
Address: Mitie Group plc
The Shard, Level 12,
32 London Bridge Street,
London,
Greater London, SE1 9SG,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE MTO Ordinary Shares London Stock Exchange GB GBP 16. Sep 1994
OTCPK MITF.F Ordinary Shares Pink Sheets LLC US USD 16. Sep 1994
DB MZ4 Ordinary Shares Deutsche Boerse AG DE EUR 16. Sep 1994
BATS-CHIXE MTOL Ordinary Shares BATS 'Chi-X Europe' GB GBP 16. Sep 1994
OTCPK MITF.Y ADS Pink Sheets LLC US USD 27. May 2011
Number of employees
Current staff
Staff numbers
54,000
Mitie Group employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 21:47
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/04/10
Last earnings filing: 2018/11/22
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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