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Midwich Group (MIDW) Fair Value & Analysis

Technology · GB · Market cap 137M GBX

MG Midwich Group MIDW · LSE
Price£1.34
Fair Value£0.8800
Upside-34.2%
Quality46/100
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Mixed Growth
Loss-making · -1.8% net margin
Moderate debt · generates free cash flow
3.98% dividend yield
Trails peers (3/13)
Narrow moat 15/100
Evidence: High Range £0.8800 – £1.45 Share as image

Fair value as of: Jul 17, 2026

From 15 valuation models · updated 24 days ago

Share price +1.2% over the past month.

Below-average quality, and screening another 34% overvalued on our models.

What matters now

  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from £0.8800 (bear) to £1.45 (bull), base £0.8800. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 46/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

£5.70 £1.23 Fair Value £0.8800 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range £1.23 – £5.70 · fair‑value band £0.8800 – £1.45 · the £1.34 price screens above the £0.8800 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Midwich Group (MIDW) currently trades at £1.34, while our model-based Fair Value estimate is £0.8800, implying the stock looks roughly 34.2% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Midwich Group generated revenue of £1.3B at a net margin of -1.8%. Revenue grew 0.4% year over year. It earns a return on equity of -12.9%. Net debt stands at £147M. Fundamentals as of Jul 17, 2026

Our scenario range runs from £0.8800 (bear case) to £1.45 (bull case); at £1.34, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Technology peers we cover trades at -18% fair-value upside, at -34%, MIDW screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF £2.40 £4.05 £6.22 80
Rev-Margin DCF £1.13 £2.08 £3.31 74
ROIC Compounder £0.0100 £0.0900 72
All 15 models by family
DCF Models
FCF DCF £2.46 £4.35 £7.02 38
5Y Revenue Exit £1.13 £2.05 £3.20 39
5Y EBITDA Exit £2.41 £4.65 £7.39 41
10Y Revenue Exit £1.62 £2.60 £3.91 36
10Y EBITDA Exit £2.38 £4.21 £6.87 37
Earnings-Based
EPV £0.0100 £0.0900 59
Dividend Discount
Gordon GGM £0.6500 £1.08 £1.40 70
DDM Multi-Stage £0.6500 £1.03 £1.16 61
Multiples
EV/EBIT £0.8100 £1.39 £1.96 53
EV/EBITDA £2.75 £3.96 £5.18 54
EV/Revenue £0.2500 £0.7500 £1.25 43
Asset-Based
NCAV (Graham) £0.7800 £1.04 £1.55 50
Growth DCF
Growth DCF £2.40 £4.05 £6.22 80
Rev-Margin DCF £1.13 £2.08 £3.31 74
Economic Profit
ROIC Compounder £0.0100 £0.0900 72

Widest divergence: DCF Models (£4.21) versus Earnings-Based (£0.0100). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.3B GBX
Revenue growth (YoY) +0.4%
Net margin -1.8%
Return on equity -12.9%
Free cash flow 38.0M GBX FY2025
Operating margin -3.4%
More key figures
EPS (TTM) £-0.2200
Dividend yield 4.0%
EPS growth (YoY) -41.6%
Net debt 147M GBX FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 47 · Market factors (momentum, volatility) 27

Profitability 35
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 46
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 70
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Midwich Group plc, together with its subsidiaries, distributes audio visual (AV) solutions to trade customers in the United Kingdom, Ireland, Europe, the Middle East, Africa, the Asia Pacific, and North America.

Full company description

Midwich Group plc, together with its subsidiaries, distributes audio visual (AV) solutions to trade customers in the United Kingdom, Ireland, Europe, the Middle East, Africa, the Asia Pacific, and North America. It distributes displays, projectors, professional audio products, digital signage and image processing products, LED displays, and broadcast products, as well as lighting and unified communications products. The company also offers cable, fire safety, home cinema, and video editing software products; audio visual solutions; and musical solutions, as well as providing logistics and administrative services, and security solutions. In addition, it serves professional AV integrators and IT resellers, as well as corporate, education, hospitality, travel, healthcare, broadcast/media, government, venues and events, residential, and retail sectors. The company was formerly known as Jade 320 Limited and changed its name to Midwich Group plc in April 2016. Midwich Group plc was founded in 1979 and is headquartered in Diss, the United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Midwich Group reported revenue of £1.3B in FY2025 versus £856M in FY2021, a compound +10.8%/yr. Reported net income was −£22.6M in FY2025.

Growth Quality 53/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
£1.3B
Latest YoY
−1.9%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.4%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.7%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.3%
Revenue +10.8%/yr
FY21 £856M
FY22 £1.2B
FY23 £1.3B
FY24 £1.3B
FY25 £1.3B
Net income
FY21 £12.4M
FY22 £15.3M
FY23 £26.8M
FY24 £16.0M
FY25 −£22.6M
Character of growth · EPS growth decomposed (2014-2025) +7.2 % p.a.
Revenue per share +8.8 pp

of which total revenue +17.9 pp · buybacks/dilution −9.1 pp

EBIT margin −4.9 pp
Tax rate +1.3 pp
Residual (interest, one-offs) +2.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

MIDW screens 34% overvalued. Compare with TD SYNNEX Corporation →

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Cite: Fair Value Calculator (2026). "Midwich Group Fair Value". https://www.fairvalue-calculator.com/stock/MIDW

Peer Group

Electronics & Computer Distribution · 151 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 46 · Bottom 25%
Fair Value upside −34% · Below median
Return on assets -1% · Bottom 25%
Net margin (TTM) -2% · Bottom 25%
Operating margin (TTM) -3% · Bottom 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 4.0% · Above median
Debt / equity 0.93× · Higher than 75% of peers

Valuation Multiples vs Electronics & Computer Distribution median · lower = cheaper

P/B 1.16× · Cheaper than median
P/S (TTM) 0.14× · Cheaper than 75% of peers
P/FCF 4.9× · Pricier than median
EV/EBITDA 49.0× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 14
FUTURE 2 · sector 57
PAST 0 · sector 36
HEALTH 54 · sector 98
DIVIDEND 80 · sector 39

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
TD SYNNEX Corporation SNX $251.52 $207.02 -18%
Unisplendour Corporation 000938 ¥38.59 ¥11.79 -69%
Rexel S.A RXL €38.59 €33.31 -14%
Arrow Electronics, Inc ARW $204.10 $115.40 -43%
Avnet, Inc AVT $87.13 $58.57 -33%
WPG Holdings 3702 106.50 TWD 102.31 TWD -4%
Shenzhen Huaqiang Industry Co 000062 ¥22.37 ¥7.52 -66%
Synnex Technology International Corporation 2347 85.30 TWD 86.30 TWD +1%
Nanjing Sunlord Electronics Corporation 300975 ¥37.37 ¥8.60 -77%
Insight Enterprises, Inc NSIT $114.65 $104.19 -9%

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Frequently asked questions

Is Midwich Group (MIDW) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of £0.8800 versus a price of £1.34, about −34% (overvalued).
What is the fair value of MIDW?
Our model-based fair value for Midwich Group is £0.8800 (as of Jul 17, 2026), built from audited fundamentals. The current price is £1.34.
What is the quality score of MIDW?
Midwich Group has a Quality Score of 46/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Midwich Group (MIDW)?
Midwich Group reported trailing-twelve-month revenue of about £1.3B (latest available figure, as of Jul 17, 2026).
What is the net profit margin of MIDW?
The net profit margin of Midwich Group is about -1.8%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Midwich Group pay a dividend?
Midwich Group currently shows a dividend yield of about 3.69% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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