Bytes Technology Group plc

LSE:BYIT Stock Report

Market Cap: UK£817.4m

Bytes Technology Group Management

Management criteria checks 2/4

Bytes Technology Group's CEO is Sam Mudd, appointed in Feb 2024, has a tenure of 2.25 years. total yearly compensation is £978.00K, comprised of 42.6% salary and 57.4% bonuses, including company stock and options. directly owns 0.093% of the company’s shares, worth £763.58K. The average tenure of the management team and the board of directors is 3.9 years and 2.8 years respectively.

Key information

Sam Mudd

Chief executive officer

UK£978.0k

Total compensation

CEO salary percentage42.64%
CEO tenure2.3yrs
CEO ownership0.09%
Management average tenure3.9yrs
Board average tenure2.8yrs

Recent management updates

Recent updates

Narrative Update Apr 29

BYIT: Flat 2027 Profit Guidance And Cost Reset Will Underpin Extended Recovery Timeline

Analysts have trimmed their price target on Bytes Technology Group, cutting fair value by roughly £0.78 per share as they reset assumptions around discount rates, long term revenue growth, profit margins and future P/E multiples following the latest research updates. Analyst Commentary Bullish Takeaways Bullish analysts still see scope for value creation if Bytes Technology Group can deliver consistent execution against revised growth and margin assumptions that now feed into a lower fair value range.
Narrative Update Apr 15

BYIT: Cost Normalisation Headwinds Will Set Up A Stronger Cash Recovery

Analysts have made a small adjustment to their price target for Bytes Technology Group, citing largely unchanged fair value estimates around £4.70, minor tweaks to the discount rate, revenue growth outlook and profit margin, as well as a steady future P/E assumption near 20.6x. What's in the News Bytes Technology Group issued earnings guidance for 2027, indicating operating profit is expected to be broadly flat as the business absorbs about £4.5m of cost normalisation (Key Developments).
Narrative Update Apr 01

BYIT: Capital Light Cash Generation Will Underpin Extended Recovery Story

Analysts have reduced their fair value estimate for Bytes Technology Group from £6.38 to £4.70. This reflects a lower assumed future P/E and softer projected revenue growth, along with the view that the company’s recovery timeline is taking longer than previously expected.
Narrative Update Mar 17

BYIT: Cash Generation And Capital Light Model Will Support Extended Recovery Timeline

Analysts have trimmed their price target on Bytes Technology Group to £4.00, reflecting a more cautious view as they see the recovery timeline stretching out, even though key valuation inputs such as fair value estimates, discount rate, revenue growth, profit margin and future P/E assumptions remain effectively unchanged. Analyst Commentary Bullish Takeaways Bullish analysts highlight that Bytes Technology Group is viewed as a capital light, cash generative business, which can support valuation resilience even with a more measured share price target of £4.00.
Narrative Update Mar 03

BYIT: Capital Light Cash Generation Will Underpin Recovery Beyond 2026

Analysts have trimmed their price target on Bytes Technology Group to £4.00. This is a modest reset that reflects slightly lower fair value estimates and an extended recovery timeline, even as they continue to highlight the appeal of capital light, cash generative models.
Analysis Article Oct 18

Bytes Technology Group plc Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

There's been a notable change in appetite for Bytes Technology Group plc ( LON:BYIT ) shares in the week since its...
Analysis Article Oct 17

Bytes Technology Group (LON:BYIT) Is Due To Pay A Dividend Of £0.032

Bytes Technology Group plc ( LON:BYIT ) will pay a dividend of £0.032 on the 21st of November. This will take the...
Analysis Article Jul 03

Bytes Technology Group plc's (LON:BYIT) 34% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/ERatio

Bytes Technology Group plc ( LON:BYIT ) shareholders that were waiting for something to happen have been dealt a blow...
Analysis Article May 16

Bytes Technology Group plc (LON:BYIT) Yearly Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Bytes Technology Group plc ( LON:BYIT ) shareholders are probably feeling a little disappointed, since its shares fell...
Analysis Article May 15

Estimating The Intrinsic Value Of Bytes Technology Group plc (LON:BYIT)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Bytes Technology Group fair value estimate is UK£4.90 With...
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New Narrative Feb 09

Investments In AI And Cloud Expansion Will Drive Future Growth

Strategic investment in AI and cloud technologies positions Bytes Technology Group for significant revenue growth as demand increases.
Analysis Article Jan 20

Bytes Technology Group plc's (LON:BYIT) Business Is Trailing The Market But Its Shares Aren't

Bytes Technology Group plc's ( LON:BYIT ) price-to-earnings (or "P/E") ratio of 20.1x might make it look like a sell...
Analysis Article Dec 13

Estimating The Intrinsic Value Of Bytes Technology Group plc (LON:BYIT)

Key Insights Bytes Technology Group's estimated fair value is UK£5.16 based on 2 Stage Free Cash Flow to Equity Current...
Analysis Article Sep 18

Subdued Growth No Barrier To Bytes Technology Group plc's (LON:BYIT) Price

With a price-to-earnings (or "P/E") ratio of 24.5x Bytes Technology Group plc ( LON:BYIT ) may be sending bearish...
Analysis Article Jun 20

Bytes Technology Group (LON:BYIT) Is Paying Out A Larger Dividend Than Last Year

Bytes Technology Group plc ( LON:BYIT ) will increase its dividend from last year's comparable payment on the 2nd of...
Analysis Article May 23

Calculating The Intrinsic Value Of Bytes Technology Group plc (LON:BYIT)

Key Insights Bytes Technology Group's estimated fair value is UK£6.31 based on 2 Stage Free Cash Flow to Equity Current...
Analysis Article Apr 18

Here's Why We Think Bytes Technology Group (LON:BYIT) Might Deserve Your Attention Today

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article Mar 27

There's Reason For Concern Over Bytes Technology Group plc's (LON:BYIT) Price

Bytes Technology Group plc's ( LON:BYIT ) price-to-earnings (or "P/E") ratio of 28.2x might make it look like a strong...
Analysis Article Jan 23

Calculating The Fair Value Of Bytes Technology Group plc (LON:BYIT)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Bytes Technology Group fair value estimate is UK£5.82 With...
Analysis Article Dec 18

Bytes Technology Group plc's (LON:BYIT) Share Price Could Signal Some Risk

With a price-to-earnings (or "P/E") ratio of 32.1x Bytes Technology Group plc ( LON:BYIT ) may be sending very bearish...
Analysis Article Nov 02

We Like The Quality Of Bytes Technology Group's (LON:BYIT) Earnings

Investors signalled that they were pleased with Bytes Technology Group plc's ( LON:BYIT ) most recent earnings report...
Analysis Article Oct 28

Bytes Technology Group (LON:BYIT) Will Pay A Larger Dividend Than Last Year At £0.027

The board of Bytes Technology Group plc ( LON:BYIT ) has announced that the dividend on 1st of December will be...
Analysis Article Oct 13

Here's Why We Think Bytes Technology Group (LON:BYIT) Is Well Worth Watching

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article Sep 21

A Look At The Intrinsic Value Of Bytes Technology Group plc (LON:BYIT)

Key Insights Bytes Technology Group's estimated fair value is UK£4.74 based on 2 Stage Free Cash Flow to Equity With...
Analysis Article Jul 05

Bytes Technology Group's (LON:BYIT) Shareholders Will Receive A Bigger Dividend Than Last Year

The board of Bytes Technology Group plc ( LON:BYIT ) has announced that it will be paying its dividend of £0.126 on the...
Analysis Article Jun 09

Bytes Technology Group (LON:BYIT) Will Pay A Larger Dividend Than Last Year At £0.126

Bytes Technology Group plc ( LON:BYIT ) has announced that it will be increasing its dividend from last year's...
Analysis Article May 26

Bytes Technology Group (LON:BYIT) Is Increasing Its Dividend To £0.126

Bytes Technology Group plc's ( LON:BYIT ) dividend will be increasing from last year's payment of the same period to...
Analysis Article Mar 11

Is Now The Time To Look At Buying Bytes Technology Group plc (LON:BYIT)?

While Bytes Technology Group plc ( LON:BYIT ) might not be the most widely known stock at the moment, it saw...
Analysis Article Feb 01

Calculating The Fair Value Of Bytes Technology Group plc (LON:BYIT)

Key Insights Bytes Technology Group's estimated fair value is UK£4.2 based on 2 Stage Free Cash Flow to Equity Current...

CEO Compensation Analysis

How has Sam Mudd's remuneration changed compared to Bytes Technology Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Feb 28 2026n/an/a

UK£51m

Nov 30 2025n/an/a

UK£52m

Aug 31 2025n/an/a

UK£53m

May 31 2025n/an/a

UK£54m

Feb 28 2025UK£978kUK£417k

UK£55m

Nov 30 2024n/an/a

UK£53m

Aug 31 2024n/an/a

UK£52m

May 31 2024n/an/a

UK£49m

Feb 29 2024UK£369kUK£188k

UK£47m

Compensation vs Market: Sam's total compensation ($USD1.31M) is about average for companies of similar size in the UK market ($USD1.59M).

Compensation vs Earnings: Insufficient data to compare Sam's compensation with company performance.


CEO

Sam Mudd (56 yo)

2.3yrs
Tenure
UK£978,001
Compensation

Ms. Sam Mudd was Phoenix Managing Director of Bytes Technology Group plc from November 2014 until May 10, 2024. She serves as Executive Director at Bytes Technology Group plc since July 12, 2023 and served...


Leadership Team

NamePositionTenureCompensationOwnership
Sam Mudd
CEO & Executive Director2.3yrsUK£978.00k0.093%
£ 763.6k
Andrew Holden
CFO & Executive Director4.6yrsUK£1.03m0.059%
£ 482.7k
Paul Emms
Director of Group Financeno datano datano data
Jack Watson
Managing Director of Bytes Software Services5.2yrsno data0.30%
£ 2.5m
Lisa Prickett
Group Sustainability Manager3.2yrsno datano data
Clare Metcalfe
MD of Phoenix Software2yrsno datano data
Willem Groenewald
Company Secretary5.6yrsno datano data
3.9yrs
Average Tenure
56yo
Average Age

Experienced Management: BYIT's management team is considered experienced (3.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sam Mudd
CEO & Executive Director2.8yrsUK£978.00k0.093%
£ 763.6k
Andrew Holden
CFO & Executive Director4.6yrsUK£1.03m0.059%
£ 482.7k
Anna Persson
Independent Non-Executive Director1.9yrsUK£51.00k0.0094%
£ 76.6k
Patrick De Smedt
Independent Non-Executive Chairman5.6yrsUK£205.00k0.049%
£ 399.0k
Ross Paterson
Independent Non-Executive Director1.9yrsUK£51.00k0.011%
£ 89.7k
Erika Schraner
Senior Independent Non-Executive Director4.7yrsUK£80.58k0.0043%
£ 34.7k
Shruthi Chindalur
Independent Non-Executive Director2.3yrsUK£115.22k0.0026%
£ 21.5k
2.8yrs
Average Tenure
56yo
Average Age

Experienced Board: BYIT's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/14 14:00
End of Day Share Price 2026/05/14 00:00
Earnings2026/02/28
Annual Earnings2026/02/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bytes Technology Group plc is covered by 17 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James ZarembaBarclays
Benjamin MayBerenberg
Alexander James ShortBerenberg