Bytes Technology /£BYIT
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About Bytes Technology
Bytes Technology Group PLC is a company that provides a comprehensive range of information technology services. Operating in the IT sector, their offerings include security, storage and virtualization, licensing, digital transformation, software asset management, cloud management, and cyber consulting services. The company, which serves a global customer base, was founded and continues to specialize in solutions that facilitate effective digital operations and security for various businesses.
Ticker
£BYIT
Sector
Primary listing
LSE
Industry
Software
Headquarters
Employees
1,245
ISIN
GB00BMH18Q19
Website
BYIT Metrics
BasicAdvanced
£1.2B
23.12
£0.22
0.72
£0.18
3.51%
Price and volume
Market cap
£1.2B
Beta
0.72
52-week high
£5.83
52-week low
£4.00
Average daily volume
562K
Dividend rate
£0.18
Financial strength
Current ratio
1.106
Quick ratio
1.1
Long term debt to equity
1.294
Total debt to equity
1.976
Dividend payout ratio (TTM)
78.12%
Interest coverage (TTM)
228.27%
Profitability
EBITDA (TTM)
68.35
Gross margin (TTM)
75.19%
Net profit margin (TTM)
25.26%
Operating margin (TTM)
30.59%
Effective tax rate (TTM)
26.50%
Revenue per employee (TTM)
£170,000
Management effectiveness
Return on assets (TTM)
9.94%
Return on equity (TTM)
62.19%
Valuation
Price to earnings (TTM)
23.121
Price to revenue (TTM)
5.627
Price to book
12.5
Price to tangible book (TTM)
22.54
Price to free cash flow (TTM)
18.826
Free cash flow yield (TTM)
5.31%
Free cash flow per share (TTM)
26.96%
Dividend yield (TTM)
3.51%
Growth
Revenue change (TTM)
4.89%
Earnings per share change (TTM)
16.45%
3-year revenue growth (CAGR)
14.19%
3-year earnings per share growth (CAGR)
17.82%
3-year dividend per share growth (CAGR)
17.27%
What the Analysts think about BYIT
Analyst ratings (Buy, Hold, Sell) for Bytes Technology stock.
Bulls say / Bears say
Berenberg Bank raised its price target for Bytes Technology Group to GBX 660, indicating a potential upside of approximately 34.86% from the current price. (defenseworld.net)
Shore Capital reaffirmed its 'buy' rating for Bytes Technology Group, reflecting confidence in the company's growth prospects. (marketbeat.com)
Bytes Technology Group reported a 12.25% increase in revenue and a 15.91% rise in earnings in 2023, demonstrating strong financial performance. (stockanalysis.com)
The abrupt resignation of CEO Neil Murphy in February 2024 due to undisclosed trades in the company's shares may raise concerns about corporate governance. (wikipedia.org)
Analysts have noted that Bytes Technology Group is currently overvalued by approximately 20%, which could limit short-term stock appreciation. (simplywall.st)
The company's high debt-to-equity ratio of 3.50 may pose financial risks, especially in a rising interest rate environment. (marketbeat.com)
Data summarised monthly by Lightyear AI. Last updated on 5 Jun 2025.
BYIT Financial Performance
Revenues and expenses
BYIT Earnings Performance
Company profitability
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.
Capital at risk
Upcoming events
Jul10
Bytes Technology
Dividend·Ex-dividend
Jul10
Bytes Technology
Dividend·Ex-dividend
Jul25
Bytes Technology
Dividend·Payment
£0.069Per share
FAQs
What’s the current market cap for Bytes Technology stock?
Bytes Technology (BYIT) has a market cap of £1.2B as of June 19, 2025.
What is the P/E ratio for Bytes Technology stock?
The price to earnings (P/E) ratio for Bytes Technology (BYIT) stock is 23.12 as of June 19, 2025.
Does Bytes Technology stock pay dividends?
Yes, the Bytes Technology (BYIT) stock pays dividends to shareholders. As of June 19, 2025, the dividend rate is £0.178 and the yield is 3.51%. Bytes Technology has a payout ratio of 78.12% on a trailing twelve-month basis.
When is the next Bytes Technology dividend payment date?
The next Bytes Technology (BYIT) dividend payment date is unconfirmed.
What is the beta indicator for Bytes Technology ?
Bytes Technology (BYIT) has a beta rating of 0.72. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.