Mitie Group PLC MITFY

IndustrialsProfessional & Commercial ServicesUnited Kingdom

Last close 11.34 USD on Nov 1, 2026, +28.5% year to date

Quant rating

Quant rating B Rank 81 of 418 in Industrials

Growth A 32 of 418
Valuation B 152 of 418
Quality C 259 of 418
Revisions B 151 of 418
Momentum A 24 of 418

Wall Street consensus Buy (2.50)Average target 2.84 USD −75.0%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 3.6B
Enterprise value: 4.3B
52-week range: 7.95 – 12.11
3-year range: 4.81 – 12.11
Dividend yield: 2.14%
Beta (5 years): 1.09
Shares outstanding: 1,302M
Next earnings: Nov 19, 2026

About the company

Mitie Group plc is a technology-led facilities transformation company. The Company is a provider of testing, Inspection and Certification (TIC) services across fire safety, security systems, water and air hygiene, and asbestos management. Its total fire compliance offering includes comprehensive fire protection services, which include both active systems like alarms and detection, as well as passive solutions such as suppression and fire stopping. It delivers advanced security technologies tailored to sectors including healthcare, retail, and national infrastructure. In environmental services, it supports clients with air hygiene, asbestos control, and sustainable waste management. Additionally, as a licensed water retailer, it provides a comprehensive rain-to-drain water management solution covering supply, treatment, and drainage, addressing concerns around water scarcity driven by climate change. It also specializes in delivering refrigeration maintenance services.

Growth and profitability fiscal year ends March 31

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	7,429	6,566	5,611	4,865	5,126	–
Revenue growth	13.1%	17.0%	15.3%	−5.1%	48.9%	16.6%
EPS (basic, normalized)	0.17	0.16	0.14	0.11	0.11	–
EPS growth	5.6%	10.8%	33.9%	1.7%	–	–
Gross margin	11.7%	11.2%	11.2%	11.1%	11.6%	11.4%
Net margin	1.5%	2.0%	2.8%	2.3%	0.8%	1.9%
ROE	17.9%	23.5%	28.9%	21.5%	8.0%	19.9%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Current ratio	–
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	–
Net debt / equity	–
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	7,429	+13.1%	0.6x	483	+18.4%	8.8x	0.17	+5.6%	67.1x
2027	8,012	+7.9%	0.5x	535	+10.7%	8.0x	0.19	+14.3%	58.7x
2028	8,401	+4.9%	0.5x	579	+8.3%	7.4x	0.22	+15.4%	50.8x
2029	8,803	+4.8%	0.5x	608	+5.0%	7.0x	0.24	+8.2%	47.0x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	8,012	0.0%	0.0%	−0.2%	0.19	0.0%	0.0%	0.0%
2028	8,401	0.0%	0.0%	0.0%	0.22	0.0%	0.0%	+1.1%
2029	8,803	0.0%	0.0%	+1.2%	0.24	0.0%	0.0%	−5.0%

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Professional & Commercial Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
MITFY Mitie Group PLC	3.6B	–	1.5%	5.34x	58.7x	50.8x	8.0x	7.4x
GEO The GEO Group, Inc.	3.8B	3.20x	9.7%	2.49x	21.6x	16.5x	9.5x	8.6x
DLO DLocal Limited	3.7B	−2.90x	18.0%	6.92x	16.0x	11.9x	8.9x	6.9x
FA First Advantage Corporation	3.7B	4.07x	−2.2%	2.86x	16.9x	14.4x	11.4x	10.3x
SCGPY Serco Group PLC	3.7B	–	3.0%	3.32x	14.7x	13.5x	7.6x	7.3x
HNI HNI Corporation	3.5B	3.64x	1.9%	1.94x	11.6x	10.3x	7.0x	6.5x
Mean		2.00x	5.3%	3.81x	23.2x	19.6x	8.7x	7.8x
Median		3.42x	2.4%	3.09x	16.5x	13.9x	8.5x	7.3x

Technical analysis

1M+4.9%
3M+2.7%
1Y+34.4%
3Y+165.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Mitie Group PLC, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	7,429	6,566	5,611	4,865	5,126	3,443
Cost of revenue	6,561	5,830	4,980	4,327	4,533	3,063
Gross profit	868	736	631	538	593	381
Selling, general & administrative expenses	520	441	376	349	383	302
Research & development	–	–	–	–	–	–
Interest expense (income), operating	0.5	0.1	−30.7	−10.2	−5.5	−1.0
Unusual expense (income)	149	93.7	78.8	55.6	121	73.9
Other operating expenses	−2.2	−7.6	−2.1	0	0	0
Operating income	200	209	209	144	94.7	5.5
Net interest income (expense)	−32.4	−18.3	−10.1	−12.5	−18.6	−18.7
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−4.2	−2.6	−1.8	−1.7	−7.4	−5.6
Net income before taxes	164	188	197	130	68.7	−18.9
Provision for taxes	44.2	47.8	32.1	17.8	27.6	0.6
Minority interest	−10.2	−9.0	−5.8	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	109	131	159	112	41.1	−19.4
Extraordinary items	–	–	–	0	25.5	9.9
Net income	109	131	159	112	66.6	−9.5
EBIT, normalized	354	306	258	190	215	97.3
EBITDA, normalized	535	443	408	279	306	169
Basic EPS, normalized	0.17	0.16	0.14	0.11	0.11	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Mitie Group PLC, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	136	227	304	298	453	270
Receivables	1,434	1,257	990	922	888	906
Total inventory	35.3	19.2	18.6	16.6	15.6	17.5
Prepaid expenses	–	–	–	49.6	39.9	37.2
Other current assets	7.5	5.6	5.3	7.9	25.7	0
Total current assets	1,614	1,509	1,317	1,295	1,423	1,231
Property, plant & equipment	347	319	258	194	189	162
Goodwill	850	514	457	385	396	406
Intangibles	498	345	358	312	340	360
Long-term investments	0.7	2.1	1.1	10.9	15.6	15.2
Note receivable	30.9	28.9	27.1	30.0	12.3	14.7
Other long-term assets	24.1	21.1	15.3	28.1	16.7	55.0
Total assets	3,364	2,738	2,433	2,254	2,392	2,244
Liabilities
Accounts payable	373	265	217	284	177	181
Payable/accrued	–	–	–	–	–	–
Accrued expenses	1,037	981	899	800	856	742
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	83.4	68.2	93.2	39.5	225	39.5
Other current liabilities	321	296	213	196	258	243
Total current liabilities	1,814	1,610	1,422	1,319	1,516	1,205
Long-term debt	649	417	313	313	170	345
Minority interest	24.1	22.7	25.9	–	–	–
Other liabilities	197	158	101	101	146	202
Total liabilities	2,684	2,208	1,861	1,734	1,833	1,752
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	43.2	40.4	42.0	41.9	46.9	49.1
Additional paid-in capital	175	171	167	162	172	180
Retained earnings (accumulated deficit)	559	407	454	390	393	306
Treasury stock	−94.4	−84.1	−88.1	−72.8	−48.5	−39.7
Other equity	−2.2	−3.6	−2.7	−1.7	−3.4	−3.2
Total equity	680	530	572	520	559	493
Total liabilities & shareholders' equity	3,364	2,738	2,433	2,254	2,392	2,244

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Mitie Group PLC, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	349	302	265	200	219	11.4
Depreciation, depletion & amortization	181	137	102	89.2	90.4	71.5
Deferred taxes	–	–	–	–	–	–
Non-cash items	−101	−70.4	−72.0	−58.7	−41.8	22.0
Changes in working capital	−103	−84.7	−46.3	−128	34.5	−73.4
Cash from operations	326	284	250	102	302	31.6
Investing activities
Capital expenditures	−53.0	−40.8	−25.1	−31.1	−46.8	−31.1
Other investing cash flows	−306	−59.8	−27.5	0.9	12.7	−85.4
Cash from investing	−359	−101	−52.6	−30.2	−34.0	−117
Financing activities
Financing cash flow items	−5.3	−7.8	12.6	37.4	−2.2	−8.0
Cash dividends paid	−72.3	−70.4	−52.4	−35.6	−7.5	0
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	15.2	−188	−161	−195	−62.6	172
Cash from financing	−62.4	−266	−201	−193	−72.4	164
Foreign exchange effects	0.4	−0.4	−0.6	1.2	−0.3	−0.8
Net change in cash	−94.5	−83.3	−4.3	−120	196	78.1
Free cash flow	273	243	224	71.3	256	0.4

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.