Mitie Group MTO.L
United KingdomIndustrials · Specialty Business ServicesLondon Stock Exchange · GBP
2.09 GBP (−0.6%)
8 analysts
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Mitie Group is a British provider of installation, maintenance and building management services (facilities management) for corporate and public sector clients, with a business model based on recurring service contracts.
Listed on London Stock Exchange · Symbol MTO.L · LON: MTO · Currency GBP
Key points
from its scores- ✓Good share-price trend9.3
- ✓Favourable backdrop7.2
- ✕Weak growth4.3
- !Balance sheet could be stronger5.2
AI analysis
bottom line, main risk, context and newsBusiness quality and cash generation justify the position, but the earnings decline and thin margin warrant waiting for confirmation of recovery before adding exposure.
Mitie shows a mixed profile: high return on invested capital (ROIC 23.46%) and strong cash conversion (82.28%), but with a thin operating margin (4.46%) and earnings down -25.40%, which explains the elevated P/E of 35.07 versus a forward of 12.65. The 52.55% momentum suggests market confidence in a recovery, though financial health (5.25) and growth (4.26) are the weak points.
The main risk is operating margin compression (4.46%) in a highly competitive services business sensitive to labour costs, which could prolong the earnings decline (-25.40%) and delay P/E normalisation.
Context and risks
No recent relevant news and no material exposure to current macro factors: Mitie's installation and maintenance services business does not depend significantly on commodities, shipping routes or interest rates. Its net debt/EBITDA of 1.57 is moderate and does not amplify the rise in long-term rates.
Is Mitie Group stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades in line with the Industrials median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 35.1 | 25.4 | +38% |
| EV / EBITDA | 11.0 | 14.5 | −24% |
| Price / book | 5.2 | 4.1 | +28% |
| Price / sales | 0.5 | 2.1 | −77% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.2 out of 10 (median for Industrials: 5.0).
Average analyst target: 2.09 GBP, −0.6% versus the price.
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 35.1
- Forward P/E
- 12.7
- EV / EBITDA
- 11.0
- Price / book
- 5.2
- Price / sales
- 0.5
- Market cap
- 2.7B GBP
- Enterprise value
- 3.1B GBP
Profitability
- ROE
- 18.8%
- ROA
- 6.0%
- ROIC (approx.)
- 23.5%
- Gross margin
- 11.7%
- Operating margin
- 4.5%
- Net margin
- 1.5%
- Free cash flow
- 233.2M GBP
- FCF yield
- 8.7%
- Cash conversion
- 82%
Solvency
- Total debt
- 553.4M GBP
- Net debt
- 444.5M GBP
- Cash
- 108.9M GBP
- EBITDA
- 283.4M GBP
- Net debt / EBITDA
- 1.57
- Debt / equity
- 103.92
- Current ratio
- 0.89
- Quick ratio
- 0.81
Growth
- Revenue growth
- +10.7%
- Earnings growth
- −25.4%
- EPS (TTM)
- 0.06 GBP
- EPS (forward)
- 0.17 GBP
Dividend
- Dividend yield
- 2.4%
- Payout
- 72.1%
Risk and market
- Beta
- 0.87
- Analyst consensus
- none (8)
- Target price
- 2.09 GBP
Recent news
All MTO.L news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about Mitie Group
Is Mitie Group stock cheap or expensive?
On P/E and EV / EBITDA, it trades in line with the Industrials median (within 15%). Valuation score: 6.2 out of 10 (median for Industrials: 5.0). Average analyst target: 2.09 GBP, −0.6% versus the price. This is not investment advice.
What score does Mitie Group get on MeridIAn Screener?
It scores 6.3 out of 10, rank 750 of 2,130 (better than 63% of the companies analysed). Its strongest category is Momentum (9.3) and its weakest, Growth (4.3). Analysis of 08/10/2026.
What is Mitie Group's P/E ratio?
Its P/E is 35.1: the share price equals 35.1 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 12.7.
How much is Mitie Group worth on the stock market?
Its market capitalisation is 2.7B GBP and its enterprise value, debt included, is 3.1B GBP.
How much debt does Mitie Group have?
Its net debt (debt minus cash) is 444.5M GBP. That is 1.57 times its EBITDA; the Industrials median is 1.58.
Does Mitie Group pay a dividend?
Yes: its dividend yield is 2.38% and it pays out 72% of its earnings.
How has Mitie Group stock performed over the last year?
It has risen 53.3% over the last year, excluding dividends. Over the last 52 weeks it has traded between 0.00 and 2.14 GBP. Past performance does not guarantee future results.
What do analysts think of Mitie Group?
8 analysts cover it; their average recommendation is “none” and their average target is 2.09 GBP (−0.6% versus the price). It is an estimate, not market data.