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M.T.I Wireless Edge

MWE.L
64
Communication Equipment · Technology
Exchange
London Stock Exchange
Winston Score
64
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 9, 2026 · filings through Mar 31, 2026

M.T.I Wireless Edge is an Israeli technology company that designs and sells antennas and wireless communication equipment. Its products are used in defense, agriculture, and commercial wireless networks. Customers include military organizations, telecom operators, and agricultural technology companies around the world.

The company earns money by selling hardware — antennas, communication systems, and related equipment — along with some services. It operates primarily out of Israel but sells globally, with a notable presence in defense markets where long-term contracts and specialized products create a degree of customer stickiness. M.T.I also has an agricultural technology division that uses wireless sensors to help farmers manage water and crops more efficiently, which adds some revenue diversification. With a market cap of around $100 million, it is a small company, and its main risk is reliance on defense budgets and government procurement cycles, which can be unpredictable and slow.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+1.1% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+12.3% YoY

YoY Growth Rate

Steady EPS growth

Insider Activity

11.9%ownership

Insiders own a meaningful stake in the company

Cash Runway

~8 years

$9M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

$9M cash & investments at current burn rate

Growth context

M.T.I Wireless Edge is growing revenue at 1% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
33.6%
Modest — 33.6% gross margin
Operating Margin
11.8%
Modest — 11.8% operating margin
ROCE
4.6%
Weak — 4.6% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY
+12.0%
Fast-growing sales (+12.0% YoY)
EPS YoY
+16.0%
Earnings growing fast (+16.0% YoY)

Healthy double-digit earnings growth — what compounders look like.

EPS Consistency
8/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Cash Conversion
86%
Modest — 86% of profit becomes cash
FCF Margin
7.4%
Modest free cash flow (7.4%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity
0.00
Conservative — low debt load (0.00)
Interest Cover
13.16x
Comfortably covers interest (13.2x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)
14.6x
no trend
Attractive valuation — P/E 14.6

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

P/E vs Forward
+3.2
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (14.6 → 11.5)

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Dividends

Dividend Yield
3.90%
no trend
Moderate income — 3.90% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend Growth
+32.5%
no trend
Dividend growing fast (32.5% YoY)

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