Midwich Group plc

AIM:MIDW Stock Report

Market Cap: UK£291.6m

Midwich Group Valuation

Is MIDW undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MIDW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MIDW (£2.78) is trading below our estimate of fair value (£5.89)

Significantly Below Fair Value: MIDW is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MIDW?

Key metric: As MIDW is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MIDW. This is calculated by dividing MIDW's market cap by their current earnings.
What is MIDW's PE Ratio?
PE Ratio12.7x
EarningsUK£22.48m
Market CapUK£291.59m

Price to Earnings Ratio vs Peers

How does MIDW's PE Ratio compare to its peers?

The above table shows the PE ratio for MIDW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average41.4x
BIG Big Technologies
31.5x26.9%UK£394.5m
KETL Strix Group
18.6x43.2%UK£134.2m
SPSY Spectra Systems
23.4x2.6%UK£119.1m
GHH Gooch & Housego
91.9x72.8%UK£119.6m
MIDW Midwich Group
12.7x-5.6%UK£291.6m

Price-To-Earnings vs Peers: MIDW is good value based on its Price-To-Earnings Ratio (12.7x) compared to the peer average (41.4x).

Price to Earnings Ratio vs Industry

How does MIDW's PE Ratio compare vs other companies in the European Electronic Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MIDW 12.7xIndustry Avg. 17.6xNo. of Companies17PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MIDW is good value based on its Price-To-Earnings Ratio (12.7x) compared to the European Electronic industry average (17.6x).

Price to Earnings Ratio vs Fair Ratio

What is MIDW's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MIDW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.7x
Fair PE Ratio15.8x

Price-To-Earnings vs Fair Ratio: MIDW is good value based on its Price-To-Earnings Ratio (12.7x) compared to the estimated Fair Price-To-Earnings Ratio (15.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MIDW forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£2.78
UK£4.81
+73.1%
5.5%UK£5.00UK£4.44n/a3
Nov ’25UK£2.92
UK£4.81
+64.8%
5.5%UK£5.00UK£4.44n/a3
Oct ’25UK£3.23
UK£5.38
+66.6%
24.8%UK£6.93UK£3.40n/a4
Sep ’25UK£3.24
UK£5.60
+72.7%
18.6%UK£6.93UK£4.25n/a4
Aug ’25UK£3.47
UK£5.60
+61.2%
18.6%UK£6.93UK£4.25n/a4
Jul ’25UK£3.85
UK£5.60
+45.3%
18.6%UK£6.93UK£4.25n/a4
Jun ’25UK£3.70
UK£5.60
+51.2%
18.6%UK£6.93UK£4.25n/a4
May ’25UK£4.25
UK£6.80
+60.0%
16.5%UK£8.10UK£5.00n/a4
Apr ’25UK£4.30
UK£6.76
+57.3%
17.5%UK£8.10UK£4.85n/a4
Mar ’25UK£3.65
UK£6.76
+85.3%
17.5%UK£8.10UK£4.85n/a4
Feb ’25UK£3.72
UK£6.76
+81.8%
17.5%UK£8.10UK£4.85n/a4
Jan ’25UK£4.37
UK£6.99
+59.9%
18.7%UK£8.10UK£4.85n/a4
Dec ’24UK£3.76
UK£6.99
+85.8%
18.7%UK£8.10UK£4.85n/a4
Nov ’24UK£3.88
UK£7.14
+84.0%
14.9%UK£8.10UK£5.45UK£2.924
Oct ’24UK£4.05
UK£7.14
+76.2%
14.9%UK£8.10UK£5.45UK£3.234
Sep ’24UK£4.12
UK£7.14
+73.2%
14.9%UK£8.10UK£5.45UK£3.244
Aug ’24UK£4.38
UK£7.14
+63.0%
14.9%UK£8.10UK£5.45UK£3.474
Jul ’24UK£4.38
UK£7.14
+63.1%
14.9%UK£8.10UK£5.45UK£3.854
Jun ’24UK£4.47
UK£7.08
+58.3%
14.8%UK£8.10UK£5.40UK£3.704
May ’24UK£4.64
UK£7.05
+51.9%
15.4%UK£8.10UK£5.30UK£4.254
Apr ’24UK£5.00
UK£7.05
+41.0%
15.4%UK£8.10UK£5.30UK£4.304
Mar ’24UK£4.98
UK£7.05
+41.6%
15.4%UK£8.10UK£5.30UK£3.654
Feb ’24UK£4.94
UK£7.05
+42.7%
15.4%UK£8.10UK£5.30UK£3.724
Jan ’24UK£4.22
UK£7.05
+67.1%
15.4%UK£8.10UK£5.30UK£4.374
Dec ’23UK£4.35
UK£7.05
+62.3%
15.4%UK£8.10UK£5.30UK£3.764
Nov ’23UK£4.90
UK£7.05
+43.9%
15.4%UK£8.10UK£5.30UK£3.884

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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