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MTI Wireless Edge Limited

MTI Wireless Edge - Building on momentum

MTI Wireless Edge Limited (LON:MWE) is a world leader in developing and manufacturing  high quality and cost effective antenna solutions for commercial and military applications, as well as control systems for remotely operated smart irrigation systems. The company has achieved strong growth in recent years, with a three-year revenue compounded annualises growth rate (CAGR) of 22% and an earnings per share (EPS) CAGR of 70%. These dynamics have supported a share price increase of 170% over the three years.

Executive summary

We argue that a prospective 2019e price/earnings (P/E) multiple of 8.9x represents a modest valuation for a company with MTI Wireless’s ongoing growth potential and sound financial position.

Quick facts: MTI Wireless Edge Limited

Price: £0.31

Market: AIM
Market Cap: £27.37 m
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What's in the report?

Financial results and forecasts
Growth drivers
Management
Market conditions
Milestones & inflection points

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Capital Network analyst on MTI Wireless Edge's water management acquisition

Capital Network analyst Ed Stacey discusses MTI Wireless Edge Ltd's (LON:MWE) decision to buy a 50% stake in one of the main resellers of its Mottech Water Solution in Australia. The addition of Parkland Australia for up to AU$0.8mln is expected to enhance earnings and offer potential to...

on 06/27/2019

4 min read