Midwich Group PLC
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 comm… Read more
Midwich Group PLC (MIDW) - Net Assets
Latest net assets as of June 2025: GBX176.41 Million GBX
Based on the latest financial reports, Midwich Group PLC (MIDW) has net assets worth GBX176.41 Million GBX as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX650.96 Million) and total liabilities (GBX474.55 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX176.41 Million |
| % of Total Assets | 27.1% |
| Annual Growth Rate | 19.61% |
| 5-Year Change | 77.63% |
| 10-Year Change | 1428.15% |
| Growth Volatility | 82.03 |
Midwich Group PLC - Net Assets Trend (2013–2024)
This chart illustrates how Midwich Group PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Midwich Group PLC (2013–2024)
The table below shows the annual net assets of Midwich Group PLC from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX189.15 Million | -3.56% |
| 2023-12-31 | GBX196.14 Million | +46.23% |
| 2022-12-31 | GBX134.13 Million | +17.25% |
| 2021-12-31 | GBX114.40 Million | +7.43% |
| 2020-12-31 | GBX106.49 Million | +63.09% |
| 2019-12-31 | GBX65.29 Million | +12.34% |
| 2018-12-31 | GBX58.12 Million | +9.47% |
| 2017-12-31 | GBX53.09 Million | +13.95% |
| 2016-12-31 | GBX46.59 Million | +276.41% |
| 2015-12-31 | GBX12.38 Million | +47.15% |
| 2014-12-31 | GBX8.41 Million | -68.13% |
| 2013-12-31 | GBX26.39 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Midwich Group PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 755.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX69.74 Million | 38.48% |
| Common Stock | GBX1.04 Million | 0.57% |
| Other Comprehensive Income | GBX-5.90 Million | -3.26% |
| Other Components | GBX116.34 Million | 64.20% |
| Total Equity | GBX181.22 Million | 100.00% |
Midwich Group PLC Competitors by Market Cap
The table below lists competitors of Midwich Group PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lisgrafica
LS:LIG
|
$27.64K |
|
Biloxi Marsh Lands Corp
PINK:BLMC
|
$27.64K |
|
FRONTIER GROUP HLDGS INC.
F:0VN
|
$27.68K |
|
JOHNSON EL.HLDGS HD-05
MU:JOHB
|
$27.71K |
|
Concurrent Technologies Plc
LSE:CNC
|
$27.62K |
|
Umalis Group
PA:MLUMG
|
$27.58K |
|
SRT Marine Systems plc
LSE:SRT
|
$27.55K |
|
EBFI
PINK:EBFI
|
$27.54K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Midwich Group PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 173,255,000 to 181,224,000, a change of 7,969,000 (4.6%).
- Net income of 16,030,000 contributed positively to equity growth.
- Dividend payments of 17,118,000 reduced retained earnings.
- New share issuances of 7,000 increased equity.
- Other comprehensive income increased equity by 1,314,000.
- Other factors increased equity by 7,736,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX16.03 Million | +8.85% |
| Dividends Paid | GBX17.12 Million | -9.45% |
| Share Issuances | GBX7.00K | +0.0% |
| Other Comprehensive Income | GBX1.31 Million | +0.73% |
| Other Changes | GBX7.74 Million | +4.27% |
| Total Change | GBX- | 4.60% |
Book Value vs Market Value Analysis
This analysis compares Midwich Group PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 95.56x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 570.12x to 95.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | GBX0.29 | GBX164.00 | x |
| 2014-12-31 | GBX0.05 | GBX164.00 | x |
| 2015-12-31 | GBX10.73 | GBX164.00 | x |
| 2016-12-31 | GBX0.61 | GBX164.00 | x |
| 2017-12-31 | GBX0.63 | GBX164.00 | x |
| 2018-12-31 | GBX0.67 | GBX164.00 | x |
| 2019-12-31 | GBX0.72 | GBX164.00 | x |
| 2020-12-31 | GBX1.15 | GBX164.00 | x |
| 2021-12-31 | GBX1.16 | GBX164.00 | x |
| 2022-12-31 | GBX1.32 | GBX164.00 | x |
| 2023-12-31 | GBX1.75 | GBX164.00 | x |
| 2024-12-31 | GBX1.72 | GBX164.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Midwich Group PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.85%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.22%
- • Asset Turnover: 2.02x
- • Equity Multiplier: 3.59x
- Recent ROE (8.85%) is below the historical average (29.39%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 28.63% | 2.80% | 2.48x | 4.13x | GBX4.26 Million |
| 2014 | 110.14% | 1.71% | 2.54x | 25.35x | GBX4.37 Million |
| 2015 | 66.56% | 1.59% | 2.51x | 16.64x | GBX4.25 Million |
| 2016 | 18.00% | 2.22% | 2.48x | 3.27x | GBX3.65 Million |
| 2017 | 27.13% | 2.87% | 2.28x | 4.14x | GBX8.56 Million |
| 2018 | 27.50% | 2.57% | 2.50x | 4.28x | GBX9.37 Million |
| 2019 | 29.63% | 2.50% | 2.44x | 4.85x | GBX11.38 Million |
| 2020 | -3.74% | -0.53% | 2.32x | 3.05x | GBX-13.78 Million |
| 2021 | 11.82% | 1.45% | 2.29x | 3.55x | GBX1.92 Million |
| 2022 | 12.67% | 1.27% | 2.15x | 4.64x | GBX3.22 Million |
| 2023 | 15.48% | 2.08% | 1.97x | 3.78x | GBX9.49 Million |
| 2024 | 8.85% | 1.22% | 2.02x | 3.59x | GBX-2.09 Million |
Industry Comparison
This section compares Midwich Group PLC's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $22,846,000
- Average return on equity (ROE) among peers: -4.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Midwich Group PLC (MIDW) | GBX176.41 Million | 28.63% | 2.69x | $27.63K |
| Northamber PLC (NAR) | $22.85 Million | -4.31% | 0.31x | $973.18 |