Mitie (MTO)

Company name:	Mitie Group Plc
Company Description:	The group operates two distinct divisions. The Building Services division handles short term contracts usually won in competitive tender. The Engineering, Painting, Roofing and Plant Hire disciplines make up this division. The Support Services division provides on-going services such as Cleaning and Maintenance to its clients. These are the core businesses to which others, such as catering, waste disposal and grounds maintenance, can be added either from MITIE's own resources or by sub-contractors
EPIC:	MTO	Trading Currency:	GBX
Market Sector:	SSC5	ISIN:	GB0004657408
Market Segment:	SSMM	Share Type:	DE
WWW Address:	http://www.mitie.co.uk/	Description:	ORD 2.5P
Industry Sector:	SUPPORT SERVICES

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
52.30	-1.2 [-2.24]	52.20	52.40	52.90	53.50	52.20	541,909
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
612.44	1,171.01	0.08	25.00	1.33	2.09	2.54	147.00 - 26.70

Mitie Key Figures

(at previous day's close)
Market Cap.	612.44	m
Shares In Issue	1,171.01	m
Prev. Close	53.50
PE Ratio	2.09
Dividend Yield	2.54	%
EPS - basic	25.00	p
Dividend PS	1.33	p
Dividend Cover	18.80
Cash Flow PS	4.27	p
Return On Equity (ROE)	112.42	%
Operating Margin	2.23	%
PEG Factor	0.01
EPS Growth Rate	190.70	%
Dividends PS Growth Rate	-66.75	%
Net Debt	837.70	m
Gross Gearing	92.28	%
Quick Assets	564.70	m
Net Working Capital	-19.10	m
Intangibles / Fixed Assets	70.63	%
Turnover PS	185.63	p
Pre-Tax Profit PS	4.13	p
Retained Profit PS	-	p
Cash PS	10.64	p
Net Cash PS	-39.62	p
Net Tangible Asset Value PS *	-21.67	p
Net Asset Value PS	6.87	p
Spread	0.20 (0.38%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Mitie Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	54.40	50.00
4 weeks	57.80	45.60
12 weeks	57.80	38.50
1 year	147.00	26.70

Share Price Chart (5 years)

Mitie Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	53.20	-0.90	-1.69	50.00	1.08		52.70
4 weeks	49.00	3.30	6.73	45.60	1.94		52.15
12 weeks	40.90	11.40	27.87	38.50	1.49		46.61
26 weeks	34.70	17.60	50.72	26.70	1.27		40.80
1 year	138.40	-86.10	-62.21	26.70	1.28		52.24
3 years	161.20	-108.90	-67.56	26.70	0.86		101.98
5 years	276.70	-224.40	-81.10	26.70	1.17		173.90
† periods calculated are whole weeks rather than calendar months

Mitie Key Management Ratios

Mitie Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	33.71
PE Ratio	2.09
Tobin's Q Ratio	0.60
Tobin's Q Ratio (excl. intangibles)	0.91
Dividend Yield	2.54	%
Market-to-Book Ratio	7.61
Price-to-Pre-Tax Profit PS	12.65
Price-to-Retained Profit PS	-
Price-to-Cash Flow PS	12.25
Price-to-Sales PS	0.28
Price-to-Net Tangible Asset Value PS	-2.41
Price-to-Cash PS	4.92
Net Working Capital PS	-1.63
Price Pct to Working Capital PS	-32.06	%
Earnings Yield	47.80	%
Average PE	10.66
Years in average	3
PE to PE average	19.63	%

Mitie Financial Ratios

(Leverage Ratios)
Debt Ratio	82.28	%
Debt-to-Equity Ratio	4.64
Debt-to-Equity Ratio (excl. Intgbl)	-1.47
Debt-to-Equity Market Value	0.61
Net Gearing	80.33	%
Net Gearing (excl. Intangibles)	118.24	%
Gross Gearing	92.28	%
Gross Gearing (excl. Intangibles)	135.82	%
Gearing Under 1 Year	56.44	%
Gearing Under 1 Year (excl. Intgbl)	83.08	%
Assets/Equity	12.95
Cash/Equity	154.78
(Liquidity Ratios)
Net Working Capital to Total Assets	-1.83	%
Current Ratio	0.97
Quick Ratio (Acid Test)	0.96
Liquidity Ratio	0.21
Cash & Equiv/Current Assets	21.88	%
(Solvency Ratios)
Enterprise Value	861.54	m
CFO/Sales	0.02
CFO/Attributable Profit	0.55
CFO/Assets	0.05
CFO/Debt	0.05
Total Debt/Equity Market Value	1.57
Total Debt/Sales	0.44
Total Debt/Pre-Tax Profit	19.88
Total Debt	962.30	m
Total Debt/Net Current Assets	-50.38	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	3.26	%
10 yr Compound Earnings Growth	1.01	%
Earn drops > 5% in 10yrs	5

Beta (60-Mnth)	Beta (36-Mnth)
0.0754	0.1164

Mitie Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	10.66	%
Return On Assets (ROA)	8.93	%
Net Profit Margin	4.16	%
Assets Turnover	2.15
Return On Equity (ROE)	112.42	%
Return On Investment (ROI)	23.89	%
Dividend Payout Ratio	5.32	%
Plowback Ratio	94.68	%
Growth from Plowback Ratio	251.65	%
Net Income Of Revenues	-	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	63.84
Fixed Assets Turnover	5.04
Current Assets Turnover	3.74
Net Working Capital Turnover
Inventory Turnover	418.02
(Other Operating Ratios)
Total Assets-to-Sales	0.47
Debtors-to-Sales	21.16	%
Debt Collection Period	77.25	Days

Mitie Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
21 Nov 2019	Interim	GBX	1.33	31/03/2019	31/03/2020	19/12/2019	20/12/2019	04/02/2020	1.33
06 Jun 2019	Final	GBX	2.67	31/03/2018	31/03/2019	27/06/2019	28/06/2019	09/08/2019	4.00
22 Nov 2018	Interim	GBX	1.33	31/03/2018	31/03/2019	20/12/2018	21/12/2018	12/02/2019	-
07 Jun 2018	Final	GBX	2.67	31/03/2017	31/03/2018	21/06/2018	22/06/2018	06/08/2018	4.00
20 Nov 2017	Interim	GBX	1.33	31/03/2017	31/03/2018	21/12/2017	22/12/2017	07/02/2018	-
21 Nov 2016	Interim	GBX	4.00	31/03/2016	31/03/2017	15/12/2016	16/12/2016	01/02/2017	4.00
23 May 2016	Final	GBX	6.70	31/03/2015	31/03/2016	23/06/2016	24/06/2016	04/08/2016	12.10
23 Nov 2015	Interim	GBX	5.40	31/03/2015	31/03/2016	17/12/2015	18/12/2015	01/02/2016	-
18 May 2015	Final	GBX	6.50	31/03/2014	31/03/2015	25/06/2015	26/06/2015	04/08/2015	11.70
17 Nov 2014	Interim	GBX	5.20	31/03/2014	31/03/2015	18/12/2014	19/12/2014	02/02/2015	-
19 May 2014	Final	GBX	6.10	31/03/2013	31/03/2014	25/06/2014	27/06/2014	06/08/2014	11.00
18 Nov 2013	Interim	GBX	4.90	31/03/2013	31/03/2014	18/12/2013	20/12/2013	03/02/2014	-
20 May 2013	Final	GBX	5.70	31/03/2012	31/03/2013	26/06/2013	28/06/2013	07/08/2013	10.30
19 Nov 2012	Interim	GBX	4.60	31/03/2012	31/03/2013	12/12/2012	14/12/2012	04/02/2013	-
21 May 2012	Final	GBX	5.20	31/03/2011	31/03/2012	20/06/2012	22/06/2012	07/08/2012	9.60
21 Nov 2011	Interim	GBX	4.40	31/03/2011	31/03/2012	14/12/2011	16/12/2011	06/02/2012	-
23 May 2011	Final	GBX	4.90	31/03/2010	31/03/2011	22/06/2011	24/06/2011	12/08/2011	9.00
22 Nov 2010	Interim	GBX	4.10	31/03/2010	31/03/2011	15/12/2010	17/12/2010	03/02/2011	-
17 May 2010	Final	GBX	4.10	31/03/2009	31/03/2010	23/06/2010	25/06/2010	13/08/2010	7.80
23 Nov 2009	Interim	GBX	3.70	30/03/2009	30/09/2009	16/12/2009	18/12/2009	04/02/2010	-
18 May 2009	Final	GBX	3.60	31/03/2008	31/03/2009	08/07/2009	10/07/2009	07/08/2009	6.90
30 Jan 2009	Interim	GBX	3.30	30/03/2008	30/09/2008	07/01/2009	09/01/2009	05/02/2009	-
19 May 2008	Final	GBX	3.20	31/03/2007	31/03/2008	02/07/2008	04/07/2008	04/08/2008	6.00
26 Nov 2007	Interim	GBX	2.80	30/03/2007	30/09/2007	09/01/2008	11/01/2008	08/02/2008	-
21 May 2007	Final	GBX	2.70	31/03/2006	31/03/2007	04/07/2007	06/07/2007	03/08/2007	5.10
27 Nov 2006	Interim	GBX	2.40	30/03/2006	30/09/2006	07/03/2007	09/03/2007	30/03/2007	-
22 May 2006	Final	GBX	2.40	31/03/2005	31/03/2006	06/09/2006	08/09/2006	29/09/2006	4.30
28 Nov 2005	Interim	GBX	1.90	30/03/2005	30/09/2005	08/03/2006	10/03/2006	31/03/2006	-
23 May 2005	Final	GBX	1.80	31/03/2004	31/03/2005	31/08/2005	02/09/2005	30/09/2005	3.40
29 Nov 2004	Interim	GBX	1.60	30/03/2004	30/09/2004	09/03/2005	11/03/2005	31/03/2005	-
07 Jun 2004	Final	GBX	1.40	31/03/2003	31/03/2004	-	-	-	2.50
08 Dec 2003	Interim	GBX	1.10	30/03/2003	30/09/2003	03/03/2004	05/03/2004	31/03/2004	-
07 Jul 2003	Final	GBX	1.10	31/03/2002	31/03/2003	03/09/2003	05/09/2003	30/09/2003	1.90
09 Dec 2002	Interim	GBX	0.80	30/03/2002	30/09/2002	05/03/2003	07/03/2003	31/03/2003	-
15 Jul 2002	Final	GBX	0.90	31/03/2001	31/03/2002	04/09/2002	06/09/2002	01/10/2002	1.60
10 Dec 2001	Interim	GBX	0.70	30/03/2001	30/09/2001	06/03/2002	08/03/2002	02/04/2002	-
23 Jul 2001	Final	GBX	0.70	31/03/2000	31/03/2001	05/09/2001	07/09/2001	01/10/2001	1.25
11 Dec 2000	Interim	GBX	0.55	30/03/2000	30/09/2000	07/03/2001	09/03/2001	30/03/2001	-
17 Jul 2000	Final	GBX	0.55	31/03/1999	31/03/2000	04/09/2000	08/09/2000	02/10/2000	1.00
17 Jan 2000	Interim	GBX	0.45	30/03/1999	30/09/1999	06/03/2000	10/03/2000	30/03/2000	-
19 Jul 1999	Final	GBX	0.45	31/03/1998	31/03/1999	06/09/1999	10/09/1999	01/10/1999	0.80

Mitie Fundamentals

	31 Mar 2017 (GBP)		31 Mar 2018 (GBP)		31 Mar 2019 (GBP)		31 Mar 2020 (GBP)
turnover	2,126.30	100.00%	2,203.70	100.00%	2,221.40	100.00%	2,173.70	100.00%	m
pre tax profit	-58.20	-2.74%	-24.70	-1.12%	36.40	1.64%	48.40	2.23%	m
attributable profit	-184.00	-8.65%	-27.10	-1.23%	30.90	1.39%	90.50	4.16%	m
retained profit	-221.40	-10.41%	-31.90	-1.45%	16.50	0.74%	-	-%	m
eps - basic (p)	-52.40		-7.60		8.60		25.00
eps - diluted (p)	-51.90		-7.60		8.50		24.40
dividends per share	4.00		4.00		4.00		1.33

Mitie Balance Sheet

	31 Mar 2017 (GBP)		31 Mar 2018 (GBP)		31 Mar 2019 (GBP)		31 Mar 2020 (GBP)


	31 Mar 2017 (GBP)		31 Mar 2018 (GBP)		31 Mar 2019 (GBP)		31 Mar 2020 (GBP)
ASSETS
fixed assets	32.30	3.03%	33.60	3.79%	29.00	2.95%	110.80	10.63%	m
intangibles	397.10	37.21%	347.90	39.25%	344.50	35.01%	334.30	32.06%	m
fixed investments	36.40	3.41%	9.10	1.03%	16.40	1.67%	28.20	2.70%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	6.80	0.64%	6.90	0.78%	5.60	0.57%	4.80	0.46%	m
debtors	465.60	43.62%	429.00	48.40%	480.00	48.79%	440.10	42.20%	m
cash & securities	129.10	12.10%	59.80	6.75%	108.40	11.02%	124.60	11.95%	m

TOTAL	1,067.30	100%	886.30	100%	983.90	100%	1,042.80	100%	m

LIABILITIES
creditors - short	891.10	83.49%	569.00	64.20%	680.40	69.15%	588.60	56.44%	m
creditors - long	86.40	8.10%	341.30	38.51%	315.90	32.11%	373.70	35.84%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	977.50	91.59%	910.30	102.71%	996.30	101.26%	962.30	92.28%	m

EQUITY
ord cap, reserves	87.50	8.20%	-24.00	-2.71%	-12.40	-1.26%	80.50	7.72%	m
prefs, minorities	2.30	0.22%	-	-%	-	-%	-	-%	m

TOTAL	89.80	8.41%	-24.00	-2.71%	-12.40	-1.26%	80.50	7.72%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Mitie Cash Flow Statement

	31 Mar 2017 (GBP)	31 Mar 2018 (GBP)	31 Mar 2019 (GBP)	31 Mar 2020 (GBP)
Operating CF	122.80	-9.80	39.80	50.00	m
Pre-Financing CF	94.50	-41.90	64.90	95.60	m
Retained CF	35.60	-69.70	48.60	16.10	m

Mitie Brokers

Name	Activity	Type	Mnemonic	Code
Altium Capital Limited	Market Maker(MME)	Broker/Dealer	ALTI	APCFGB21
Arden Partners Plc	Market Maker(MME)	Broker/Dealer	ARDA	ARRRGB2100A
Deutsche Bank AG London Branch	Market Maker(MME)	Broker/Dealer	DEUT	DEUTGB2L
Commerzbank AG	Market Maker(MME)	Broker/Dealer	KLWT	DRESGB2LPST
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
Goldman Sachs International	Market Maker(MME)	Broker/Dealer	GSCO	GSILGB2X
Investec Bank Plc	Market Maker(MME)	Broker/Dealer	INV.	IHCSGB21002
J.P. Morgan Securities Ltd	Market Maker(MME)	Broker/Dealer	JPMS	JPMSGB2L
Morgan Stanley Securities Ltd	Market Maker(MME)	Broker/Dealer	MOST	MSSEGB21
Panmure Gordon (UK) Limited	Market Maker(MME)	Broker/Dealer	PMUR	PMURGB2L
Numis Securities Limited	Market Maker(MME)	Broker/Dealer	NUMS	RAZHGB2LBIC
Citigrp Global Mkt UK Equities	Market Maker(MME)	Broker/Dealer	CITI	SBUKGB21
Merrill Lynch International	Market Maker(MME)	Broker/Dealer	MLSB	SNCSGB2LBIC
UBS AG	Market Maker(MME)	Broker/Dealer	UBS.	UBSWGB2LEQU
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC