Mitie (MTO.L) stock price, revenue, and financials

Mitie market cap is £821.1 m, and annual revenue was £3.93 b in FY 2022

£821.1 M

MTO.L Mkt cap, 24-Jun-2022

£3.9 B

Mitie Revenue FY, 2022
Mitie Gross profit (FY, 2022)539.9 M
Mitie Net income (FY, 2022)37.7 M
Mitie EBITDA (FY, 2022)153.7 M
Mitie EBIT (FY, 2022)79 M
Mitie Cash, 31-Mar-2022345.2 M
Mitie EV776.5 M
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Mitie Revenue Breakdown

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Mitie revenue breakdown by business segment: 24.8% from TECHNICAL SERVICES, 38.7% from BUSINESS SERVICES, 9.5% from SPECIALIST SERVICES, 17.0% from CENTRAL GOVERNMENT & DEFENCE (CGD), 11.7% from COMMUNITIES and -1.7% from Other

Mitie revenue breakdown by geographic segment: 98.5% from UNITED KINGDOM and 1.5% from Other

Mitie Income Statement

Annual

GBPFY, 2018FY, 2019FY, 2020FY, 2021FY, 2022

Revenue

2.2b2.3b2.2b2.6b3.9b

Cost of goods sold

(1.8b)(2.0b)(1.8b)(2.2b)(3.4b)

Gross profit

380.2m340.6m333.0m350.2m539.9m

Operating expense total

(313.7m)(290.4m)(222.9m)(277.0m)(390.4m)

Depreciation and amortization

(71.3m)(21.7m)(45.5m)(65.6m)(74.2m)

EBITDA

67.3m50.7m110.1m73.9m153.7m

EBIT

(4.0m)29.8m114.6m11.5m79.0m

Interest expense

(16.6m)(14.0m)(16.6m)(18.2m)(20.0m)

Interest income

200.0k300.0k400.0k800.0k300.0k

Pre tax profit

(24.7m)16.6m98.4m(5.9m)59.3m

Income tax expense

(1.3m)(2.7m)(7.9m)(1.4m)(21.6m)

Net Income

(26.0m)13.9m90.5m(7.3m)37.7m

Half Year

GBPH1, 2019H1, 2020H1, 2021H1, 2022

Revenue

1.1b1.1b972.4m1.9b

Cost of goods sold

(959.0m)(968.4m)(834.2m)(1.6b)

Gross profit

162.8m170.1m138.2m291.5m

Operating expense total

(127.0m)(121.6m)(102.7m)(162.7m)

Depreciation and amortization

(11.5m)(23.0m)(25.6m)(32.8m)

EBITDA

36.1m48.5m35.5m129.8m

EBIT

34.4m75.0m6.6m73.4m

Interest expense

(7.5m)(8.3m)(7.6m)(10.0m)

Interest income

100.0k

Pre tax profit

26.9m66.7m(900.0k)63.0m

Income tax expense

(1.2m)(4.0m)(3.0m)(10.8m)

Net Income

25.7m62.7m(3.9m)52.2m

Mitie Balance Sheet

Annual

GBPFY, 2018FY, 2019FY, 2020FY, 2021FY, 2022

Cash

59.8m108.4m139.5m196.2m345.2m

Accounts Receivable

205.0m233.6m215.9m354.1m378.5m

Prepaid Expenses

27.6m27.1m31.1m30.5m31.4m

Inventories

6.9m5.6m4.8m12.7m11.9m

Current Assets

459.4m550.8m561.8m897.5m1.1b

PP&E

33.6m29.0m22.7m24.3m143.9m

Goodwill

309.6m293.8m278.9m282.2m301.3m

Total Assets

886.3m983.9m1.1b1.6b1.8b

Accounts Payable

191.3m160.3m180.6m130.2m134.8m

Short-term debt

800.0k40.7m24.3m28.7m171.1m

Current Liabilities

569.0m680.4m615.0m866.8m1.2b

Long-term debt

258.6m224.8m296.4m250.1m129.5m

Non-Current Liabilities

341.3m315.9m373.7m406.5m241.0m

Total Debt

259.4m265.5m320.7m278.8m300.6m

Total Liabilities

910.3m996.3m988.7m1.3b1.4b

Common Stock

9.3m9.3m9.3m35.6m35.7m

Additional Paid-in Capital

130.6m130.6m130.6m130.6m130.6m

Retained Earnings

(228.7m)(223.1m)(134.2m)(146.4m)(88.0m)

Total Equity

(24.0m)(12.4m)80.5m361.8m425.8m

Half Year

GBPH1, 2019H1, 2020H1, 2021H1, 2022

Cash

67.7m96.4m339.6m300.3m

Accounts Receivable

186.5m198.3m175.7m339.5m

Prepaid Expenses

26.0m32.3m30.1m35.6m

Inventories

5.4m3.2m8.3m11.0m

Current Assets

514.3m541.9m717.6m1.0b

PP&E

29.6m108.2m105.6m129.2m

Goodwill

306.4m278.9m278.9m288.3m

Total Assets

938.3m1.0b1.2b1.8b

Accounts Payable

200.0m139.2m131.5m144.6m

Short-term debt

500.0k60.3m24.1m30.6m

Current Liabilities

589.6m606.0m620.6m934.1m

Long-term debt

267.8m298.1m249.1m259.2m

Non-Current Liabilities

348.5m403.0m338.2m405.2m

Total Debt

268.3m358.4m273.2m289.8m

Total Liabilities

938.1m1.0b958.8m1.3b

Common Stock

9.3m9.3m29.4m35.7m

Additional Paid-in Capital

130.6m130.6m130.6m130.6m

Retained Earnings

(207.9m)(179.1m)(153.9m)(88.7m)

Total Equity

200.0k38.7m253.2m428.2m

Mitie Cash Flow

Annual

GBPFY, 2018FY, 2019FY, 2020FY, 2021FY, 2022

Net Income

(8.3m)48.2m64.6m8.3m72.1m

Depreciation and Amortization

26.3m20.6m44.7m51.9m70.5m

Accounts Receivable

(43.2m)(51.7m)24.9m(4.3m)(66.0m)

Inventories

(100.0k)400.0k(1.2m)(1.7m)900.0k

Accounts Payable

(21.2m)33.4m(8.5m)(34.9m)135.9m

Cash From Operating Activities

(9.8m)39.8m70.3m22.9m230.2m

Cash From Investing Activities

(32.1m)25.1m45.6m(84.6m)(25.9m)

Short-term Borrowings

(1.5m)200.0k(21.2m)(28.1m)

Long-term Borrowings

38.3m(2.1m)(3.9m)(40.5m)

Dividends Paid

(4.8m)(14.4m)(14.4m)(5.7m)

Cash From Financing Activities

(27.8m)(16.3m)(79.5m)119.0m(55.1m)

Net Change in Cash

(69.3m)48.6m36.5m56.7m149.0m

Half Year

GBPH1, 2019H1, 2020H1, 2021H1, 2022

Net Income

26.5m33.0m21.5m85.0m

Depreciation and Amortization

11.5m22.9m22.7m32.8m

Accounts Receivable

(60.5m)(13.3m)36.6m(14.6m)

Inventories

500.0k300.0k(3.5m)1.6m

Accounts Payable

2.7m(62.0m)35.2m55.1m

Cash From Operating Activities

(13.5m)(44.5m)86.3m117.2m

Cash From Investing Activities

31.9m54.2m(7.7m)3.8m

Short-term Borrowings

(900.0k)(10.5m)(12.3m)(17.1m)

Long-term Borrowings

(2.0m)(40.6m)

Dividends Paid

(9.8m)(9.6m)

Cash From Financing Activities

(10.7m)(22.1m)136.1m(17.1m)

Net Change in Cash

7.9m(12.0m)215.0m104.1m

Mitie Ratios

GBPFY, 2018

EV/EBITDA

15.4 x

EV/EBIT

-259.6 x

EV/CFO

-106 x

Revenue/Employee

43.3k

Mitie Operating Metrics

FY, 2017FY, 2018FY, 2019

Order Book

£6.5 b£4.5 b£4.1 b

Sales Pipeline

£8.7 b£10.2 b

Daily Customers (Catering)

150 k

Energy Surveys Conducted

3 k

Homes Under Management (Property Management)

250 k

Mitie Human Capital

Mitie's employees are reported to be approximately 32% female and 68% male.

Gender

Y, 2019Y, 2018Y, 2017
Male67.9%58.4%59.5%
Female31.9%40.6%39.5%
Other0.2%1.1%1.1%

Mitie Employee Rating

2.91131 votes
Culture & Values
2.6
Work/Life Balance
2.7
Senior Management
2.4
Salary & Benefits
2.5
Career Opportunities
2.6
Source