Mitie Group
Market Cap
€751.0m
Last Updated
2020/11/26 20:01 UTC
Data Sources
Company Financials +
Executive Summary
Mitie Group plc, through its subsidiaries, provides strategic outsourcing services in the United Kingdom and internationally. More Details
Snowflake Analysis
Reasonable growth potential with adequate balance sheet.
Similar Companies
Share Price & News
How has Mitie Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MZ4 is more volatile than 90% of German stocks over the past 3 months, typically moving +/- 15% a week.
Volatility Over Time: MZ4's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of German stocks.
Market Performance
7 Day Return
-0.4%
MZ4
5.2%
DE Commercial Services
1.4%
DE Market
1 Year Return
-72.3%
MZ4
-1.1%
DE Commercial Services
0.9%
DE Market
Return vs Industry: MZ4 underperformed the German Commercial Services industry which returned -2.9% over the past year.
Return vs Market: MZ4 underperformed the German Market which returned 0.6% over the past year.
Shareholder returns
| MZ4 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | 5.2% | 1.4% |
| 30 Day | 46.2% | 18.4% | 8.7% |
| 90 Day | 27.0% | 15.7% | 2.3% |
| 1 Year | -45.8%-72.3% | 0.8%-1.1% | 4.1%0.9% |
| 3 Year | -62.1%-81.7% | 2.4%-5.3% | 3.9%-5.1% |
| 5 Year | -79.4%-90.6% | -5.5%-16.6% | 24.8%7.1% |
Long-Term Price Volatility Vs. Market
How volatile is Mitie Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Mitie Group undervalued compared to its fair value and its price relative to the market?
9.04x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MZ4 (€0.42) is trading above our estimate of fair value (€0.23)
Significantly Below Fair Value: MZ4 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MZ4 is good value based on its PE Ratio (9x) compared to the XE Commercial Services industry average (18.8x).
PE vs Market: MZ4 is good value based on its PE Ratio (9x) compared to the German market (23.2x).
Price to Earnings Growth Ratio
PEG Ratio: MZ4 is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: MZ4 is overvalued based on its PB Ratio (1.5x) compared to the DE Commercial Services industry average (1.1x).
Next Steps
Future Growth
How is Mitie Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
44.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MZ4's forecast earnings growth (44.4% per year) is above the savings rate (0.2%).
Earnings vs Market: MZ4's earnings (44.4% per year) are forecast to grow faster than the German market (27.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MZ4's revenue (6.2% per year) is forecast to grow faster than the German market (5.8% per year).
High Growth Revenue: MZ4's revenue (6.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MZ4's Return on Equity is forecast to be low in 3 years time (18.7%).
Next Steps
Past Performance
How has Mitie Group performed over the past 5 years?
-11.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MZ4 has a large one-off loss of £24.1M impacting its September 30 2020 financial results.
Growing Profit Margin: MZ4's current net profit margins (1.4%) are higher than last year (1.1%).
Past Earnings Growth Analysis
Earnings Trend: MZ4's earnings have declined by 11.5% per year over the past 5 years.
Accelerating Growth: MZ4's earnings growth over the past year (15%) exceeds its 5-year average (-11.5% per year).
Earnings vs Industry: MZ4 earnings growth over the past year (15%) exceeded the Commercial Services industry -7.3%.
Return on Equity
High ROE: MZ4's Return on Equity (11.3%) is considered low.
Next Steps
Financial Health
How is Mitie Group's financial position?
Financial Position Analysis
Short Term Liabilities: MZ4's short term assets (£717.6M) exceed its short term liabilities (£620.6M).
Long Term Liabilities: MZ4's short term assets (£717.6M) exceed its long term liabilities (£338.2M).
Debt to Equity History and Analysis
Debt Level: MZ4's debt to equity ratio (71%) is considered high.
Reducing Debt: MZ4's debt to equity ratio has increased from 70.3% to 71% over the past 5 years.
Debt Coverage: MZ4's debt is well covered by operating cash flow (100.7%).
Interest Coverage: MZ4's interest payments on its debt are well covered by EBIT (5.6x coverage).
Balance Sheet
Next Steps
Dividend
What is Mitie Group current dividend yield, its reliability and sustainability?
1.80%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MZ4's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MZ4's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MZ4's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MZ4's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MZ4 is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MZ4's dividend in 3 years as they are not forecast to pay a notable one for the German market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.7yrs
Average management tenure
CEO
Phil Bentley (61 yo)
3.92yrs
Tenure
UK£2,648,469
Compensation
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 &...
CEO Compensation Analysis
Compensation vs Market: Phil's total compensation ($USD3.53M) is above average for companies of similar size in the German market ($USD1.28M).
Compensation vs Earnings: Phil's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Executive Director | 3.92yrs | UK£2.65m | 0.52% £ 3.9m | |
| Group CFO & Director | 0.83yr | UK£402.88k | no data | |
| Chief Technology & Information Officer | no data | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Chief of Staff & General Counsel | 3.67yrs | no data | no data | |
| Chief Marketing & Strategy Officer | 3yrs | no data | no data | |
| Managing Director | no data | no data | no data | |
| Managing Director of Soft Services | no data | no data | no data | |
| Managing Director of Landscapes Business | 7.83yrs | no data | no data | |
| Managing Director for Total Document Management Business | 6.5yrs | no data | no data | |
| Chief Financial Transformation Officer | 3yrs | UK£368.74k | no data | |
| Chief Government & Strategy Officer | no data | no data | no data |
3.7yrs
Average Tenure
Experienced Management: MZ4's management team is considered experienced (3.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Executive Director | 3.92yrs | UK£2.65m | 0.52% £ 3.9m | |
| Group CFO & Director | 0.83yr | UK£402.88k | no data | |
| Senior Independent Director | 2.33yrs | UK£59.00k | 0.0096% £ 72.1k | |
| Non-Executive Chairman | 3.33yrs | UK£225.00k | 0.028% £ 212.9k | |
| Independent Non-Executive Director | 3.33yrs | UK£60.00k | 0.0038% £ 28.6k | |
| Independent Non-Executive Director | 3.17yrs | UK£60.00k | 0.0045% £ 33.6k | |
| Independent Non-Executive Director | 3.42yrs | UK£52.00k | 0.0042% £ 31.4k | |
| Independent Non-Executive Director | no data | UK£59.00k | no data |
3.3yrs
Average Tenure
65yo
Average Age
Experienced Board: MZ4's board of directors are considered experienced (3.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 361%.
Top Shareholders
Company Information
Mitie Group plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Mitie Group plc
- Ticker: MZ4
- Exchange: DB
- Founded: 1987
- Industry: Environmental and Facilities Services
- Sector: Commercial Services
- Market Cap: UK£670.634m
- Listing Market Cap: UK£750.961m
- Shares outstanding: 1.67b
- Website: https://www.mitie.com
Number of Employees
Location
- Mitie Group plc
- The Shard
- Level 12
- London
- Greater London
- SE1 9SG
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MITF.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Sep 1994 |
| MTO | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Sep 1994 |
| MZ4 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Sep 1994 |
| MTOL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Sep 1994 |
| MITF.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADS | US | USD | May 2011 |
Biography
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 serv...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/26 20:01 |
| End of Day Share Price | 2020/11/26 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.