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Mortgage Advice Bureau (Holdings) plc (MAB1) Fair Value & Analysis

Financial Services · GB · Market cap 311M GBX

MA Mortgage Advice Bureau (Holdings) plc MAB1 · LSE
Price£5.32
Fair Value£3.40
Upside-36.1%
Quality72/100
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Healthy Growth
Thin margins · 4.8% net margin
Low debt · generates free cash flow
4.21% dividend yield
Mixed vs. peers (8/14)
Moderate moat 53/100
Evidence: High Range £2.55 – £4.25 Share as image

Fair value as of: Jul 16, 2026

From 13 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from £3.41 to £3.40 (−0.3%) since Jun 26, 2026. Share price +0.4% over the past month.

A solid business, but screening 36% overvalued on our models.

What matters now

  • A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (£4.25). The favourable scenario is already priced in.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

£12.43 £4.19 Fair Value £3.40 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range £4.19 – £12.43 · fair‑value band £2.55 – £4.25 · the £5.32 price screens above the £3.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Mortgage Advice Bureau (Holdings) plc (MAB1) currently trades at £5.32, while our model-based Fair Value estimate is £3.40, implying the stock looks roughly 36.1% overvalued today. The Quality Score stands at 72/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Mortgage Advice Bureau (Holdings) plc generated revenue of £318M at a net margin of 4.8%. Revenue grew 19.7% year over year. It earns a return on equity of 20.3%. The balance sheet holds a net cash position of £7.9M. Fundamentals as of Jul 16, 2026

Our scenario range runs from £2.55 (bear case) to £4.25 (bull case); at £5.32, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Financial Services peers we cover trades at -25% fair-value upside, at -36%, MAB1 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF £6.72 £12.09 £19.93 80
Residual Income £1.44 £1.76 £3.56 76
Rev-Margin DCF £5.07 £8.68 £13.81 74
All 13 models by family
DCF Models
Owner Earnings £5.40 £10.14 £18.40 31
5Y P/E Exit £4.17 £6.75 £9.80 38
10Y P/E Exit £5.11 £7.88 £12.02 35
Earnings-Based
Graham-Dodd £1.78 £11.04 £15.41 54
Lynch FV £3.17 £4.53 £5.89 50
Dividend Discount
Gordon GGM £1.72 £3.10 £4.27 70
DDM Multi-Stage £1.72 £2.83 £3.31 61
Multiples
P/E Multiple £2.55 £3.40 £4.25 63
P/B Multiple £1.35 £1.80 £2.25 55
Asset-Based
NCAV (Graham) £0.6400 £0.8600 £1.29 50
Growth DCF
Growth DCF £6.72 £12.09 £19.93 80
Rev-Margin DCF £5.07 £8.68 £13.81 74
Economic Profit
Residual Income £1.44 £1.76 £3.56 76

Widest divergence: Growth DCF (£8.68) versus Asset-Based (£0.8600). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 318M GBX
Revenue growth (YoY) +19.7%
Net margin 4.8%
Return on equity 20.3%
Free cash flow 32.1M GBX FY2025
P/E ratio 20.7
More key figures
Operating margin 8.4%
EPS (TTM) £0.2600
Dividend yield 4.2%
EPS growth (YoY) -32.5%
Net cash 7.9M GBX FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 70 · Market factors (momentum, volatility) 27

Profitability 68
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 74
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 71
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Mortgage Advice Bureau (Holdings) plc, together with its subsidiaries, provides mortgage advice, and advice on protection and general insurance products in the United Kingdom. The company provides advice on protection and various insurance products, which include term assurance, income protection, critical illness, and family protection.

Full company description

Mortgage Advice Bureau (Holdings) plc, together with its subsidiaries, provides mortgage advice, and advice on protection and general insurance products in the United Kingdom. The company provides advice on protection and various insurance products, which include term assurance, income protection, critical illness, and family protection. Mortgage Advice Bureau (Holdings) plc was incorporated in 2000 and is based in Derby, the United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mortgage Advice Bureau (Holdings) plc reported revenue of £318M in FY2025 versus £189M in FY2021, a compound +13.9%/yr. Reported net income was £15.1M in FY2025, compounding −5.3%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
£318M
Latest YoY
+19.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.5%
Avg. growth/yr (14Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+22.7%
Revenue +13.9%/yr
FY21 £189M
FY22 £231M
FY23 £240M
FY24 £267M
FY25 £318M
Net income −5.3%/yr
FY21 £18.7M
FY22 £12.2M
FY23 £13.5M
FY24 £15.9M
FY25 £15.1M
Character of growth · EPS growth decomposed (2014-2025) +4.7 % p.a.
Revenue per share +14.4 pp

of which total revenue +15.5 pp · buybacks/dilution −1.1 pp

EBIT margin −5.7 pp
Tax rate −1.6 pp
Residual (interest, one-offs) −2.5 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

MAB1 screens 36% overvalued. Compare with Federal Home Loan Mortgage Corporation →

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Cite: Fair Value Calculator (2026). "Mortgage Advice Bureau (Holdings) plc Fair Value". https://www.fairvalue-calculator.com/stock/MAB1

Peer Group

Mortgage Finance · 90 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 71 · Top 25%
Fair Value upside −36% · Below median
Return on equity (TTM) 20% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 5% · Bottom 25%
Operating margin (TTM) 8% · Bottom 25%
Revenue growth 20% · Above median
Dividend yield (TTM) 4.2% · Above median
Debt / equity 0.12× · Lower than 75% of peers

Valuation Multiples vs Mortgage Finance median · lower = cheaper

P/E (TTM) 20.7× · Pricier than median
P/B 5.65× · Pricier than 75% of peers
P/S (TTM) 1.32× · Cheaper than median
P/FCF 13.1× · Pricier than 75% of peers
EV/EBITDA 11.7× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 99 · sector 79
PAST 81 · sector 55
HEALTH 94 · sector 0
DIVIDEND 84 · sector 80

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Mortgage Finance stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

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Frequently asked questions

Is Mortgage Advice Bureau (Holdings) plc (MAB1) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of £3.40 versus a price of £5.32, about −36% (overvalued).
What is the fair value of MAB1?
Our model-based fair value for Mortgage Advice Bureau (Holdings) plc is £3.40 (as of Jul 16, 2026), built from audited fundamentals. The current price is £5.32.
What is the quality score of MAB1?
Mortgage Advice Bureau (Holdings) plc has a Quality Score of 72/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Mortgage Advice Bureau (Holdings) plc (MAB1)?
Mortgage Advice Bureau (Holdings) plc reported trailing-twelve-month revenue of about £318M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of MAB1?
The net profit margin of Mortgage Advice Bureau (Holdings) plc is about 4.8%, meaning it keeps roughly 4.8% of revenue as net income. Based on the latest reported figures.
Does Mortgage Advice Bureau (Holdings) plc pay a dividend?
Mortgage Advice Bureau (Holdings) plc currently shows a dividend yield of about 4.34% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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