Obermatt

Bytes Technology Group

LSE:BYIT · GB00BMH18Q19
SoftwareSmall

360

84
EV / EBIT47
Price / Owner Earnings48
Owner Earnings Yield87
Dividend Yield89
Price/Sales19
EV / Gross Profit52
Price/Book7
Return on Capital95
Cash Return on Capital98
Return on Equity94
EBIT Margin89
Gross Profitability52
Cash Conversion28
Accruals34
Owner Earnings Margin92
Sales growth48
Profit Growth54
Long-Term EPS Growth61
Owner Earnings Growth61
Reinvestment64
Price momentum39
Debt load95
Refinancing24
Debt Payback100
Liquidity98
Analyst ratings36
Opinion Changes50
Price Target Upside10
Market mood85
Value Creation16/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Bytes Technology Group generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryUK
IndustrySoftware
SizeSmall
TypePublic Company
ExchangeLSE
ISINGB00BMH18Q19
Last UpdateApr 2, 2026
Themes
DevSecOpsProcess AutomationCloud InfrastructureNetwork SecurityCloud Data ServicesArtificial IntelligenceCloud ManagementSoftware DevelopmentData ProtectionInformation TechnologySoftware

Description

Bytes Technology Group plc (BTG), engages in software, security, and cloud services. BTG focuses on integrating advanced technologies to optimize software sourcing, implementation, and management. The company continues to thrive despite economic unce…

Analysis

Quality compounder

Bytes Technology Group plc earns the quality_compounder label: good underlying economics priced fairly, with no obvious bargain or excess. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is fair. The owner-earnings multiple stands at 16.3×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 3% a year, against analyst forecasts of 6%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is sturdy. The company scores 16/20 on our value-creation score: strong value creator.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
75
2026

All-time high

75

Jun 2026

All-time low

67

Mar 2026

Average rank

71

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
19
Price/Earnings
49
Price/Book
7
Dividend Yield
89
Value (overall)
43

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →