Outsourced Housing and Facilities Management Services
Strategic Profile
Mears manages and maintains around 450,000 homes across the UK and works predominantly with Central Government and Local Government through long-term contracts. 2023 revenue reached £1.09 billion (+13.52% YoY) with earnings of £35.20 million (+24.36%). The company benefits from stable, contract-based revenue and exposure to growing social housing and maintenance sectors.
Cyborg Score Rationale
Strong ROE of 21.06% demonstrates efficient capital deployment in a contracted services model. Positive free cash flow of £121.51 million in trailing 12 months supports dividend payments and reinvestment. However, elevated leverage (Debt/Equity ratio of 1.37) and current ratio of 0.87 present some balance sheet concerns.
Top Insights
Currently trading at undervalued levels according to Wall Street analyst consensus.
Dividend yield increased to 7.53% in 2024 from 4.19% prior year, signaling shareholder-friendly capital allocation.
Stock price up +30.22% over 52 weeks, reflecting market recognition of operational improvements.
Manages approximately 450,000 homes in UK, providing significant revenue stability through long-term government contracts.
Named Competitors
Facilities Management Services — Diversified public services contractor
Housing and Social Care Services — Specialist housing and care provider
Maintenance and Repair Services — Infrastructure and facilities services
Recent Developments
(August 2025) Delivered Q2 2025 results with earnings beat on £0.277 EPS
(November 2024) Released financial results showing revenue and earnings growth trajectory