Added to YB: 2026-03-16
Pitch date: 2026-03-12
MEGP.L [neutral]
ME Group International plc
+6.57%
current return
Author Info
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Company Info
ME Group International plc provides automated instant-service equipment in the United Kingdom. It operates, sells, and services a range of instant service vending equipment for the consumer markets, such as WASH.
Market Cap
GBP 529.2M
Pitch Price
GBP 1.37
Price Target
N/A
Dividend
6.37%
EV/EBITDA
4.42
P/E
9.09
EV/Sales
1.64
Sector
Diversified Consumer Services
Category
special_situation
The Business Hidden in Plain Sight - ME Group International plc
MEGP.L (overview): Vending/photobooth operator, 60yr history, 36% insider ownership. Photo.ME (53% rev, 35% EBITDA margin) faces gov't disruption risk; Wash.ME (30% rev, 54% margin) growing 11% w/ 27% unit growth. Net cash, 30% OCF margin, 11% FCF margin. £75M owner earnings on £506M EV = 14.8% yield. 6% dividend + 3-4.5% buyback. Trading 9.1x PE vs 11x median. Evaluating strategic options incl sale since June '25, no buyer yet. Audit delay (resolved) pressured shares. 13% avg IRR model, potential buyout upside.
Read full article (7 min)