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Mincon Group (MCON) fair value: what the stock is really worth

We calculate from audited financials what Mincon Group is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
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Industrials · GB · ISIN IE00BD64C665

MG Thin data Sep 13, 2026

Mincon Group

MCON · LSE

Stretched ValuationStrong overvaluation with only moderate quality.

!Fair value £0.4100 · Strongly overvalued (−38%)
!Quality 60/100
!Weak Growth (revenue 5y +2.7 %/yr)
!Thin margins · 3.7% net margin (TTM)
Low debt · generates free cash flow
·3.16% dividend yield
!Narrow moat 36/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

£1.22 £0.2892 Fair Value £0.4100 Jan 2015 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.

How to read this chart

60‑month range £0.2892 – £1.22 · fair‑value band £0.2600 – £0.5400 · the £0.6650 price screens above the £0.4100 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.

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Company profile

Mincon Group plc engages in designing, manufacturing, selling, and servicing of c and associated products in Ireland, the Americas, Europe, Australasia, the Middle East, and Africa.

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Mincon Group plc engages in designing, manufacturing, selling, and servicing of c and associated products in Ireland, the Americas, Europe, Australasia, the Middle East, and Africa. The company offers drill bits and mast attachments for excavators; down the hole (DTH) hammers; DTH drill bits for various rock-drilling applications; XP+ rotary drill bits; and construction and geotechnical solutions, including solitary, integrated, large ID, retrievable, drill through, m-wall solitary, and m-wall integrated ring bit systems, as well as spiral flush products. It also provides reverse circulation drilling products; drill pipes; horizontal directional drilling products; and shock absorbers. The company offers its products for mining, construction, geothermal and water-well drilling, and renewable energy applications. It also sells third party products. The company was formerly known as Manrock plc and changed its name to Mincon Group plc in September 2013. The company was founded in 1977 and is headquartered in Shannon, Ireland. Mincon Group plc operates as a subsidiary of Kingbell Company.

Stock analysis

Mincon Group (MCON) currently trades at £0.6650, while our model-based Fair Value estimate is £0.4100, implying the stock looks roughly 62.2% overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of £0.5500 per share, and 3 of the 26 models we run sit above the £0.6650 price.

Bear case: the Earnings-Based group reads lowest at £0.1700, and 23 of the 26 models stay below the price. Evidence for this calculation is low.

Scenario range: £0.2600 (bear) to £0.5400 (bull), the price of £0.6650 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 60/100 (solid quality), in the Industrials sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Mincon Group reported revenue of €149M in FY2025 versus €144M in FY2021, a compound +0.7%/yr. Reported net income was €5.5M in FY2025, compounding −21.6%/yr from FY2021.

Key figures

Market cap 146M GBX · P/E ratio 33.3 · P/S ratio 1.23 · EPS (TTM) £0.0200 · Dividend yield 3.2% · Net margin 3.7% · Return on equity 3.2% · Return on assets (EBIT) 6.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).

What moves the price

For context, the median of 10 Industrials peers we cover trades at −25% fair-value upside, at −38%, MCON screens richer than that median.

Fair Value models

Bear £0.2600 Fair Value £0.4100 Bull £0.5400
Model Each model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 Evidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF £0.2200 £0.3100 £0.4200 81
Growth DCF £0.2200 £0.3000 £0.3800 80
Owner Earnings £0.4200 £0.5800 £0.7900 77
All 26 models by family
DCF Models
FCF DCF £0.2200 £0.3100 £0.4200 81
Owner Earnings £0.4200 £0.5800 £0.7900 77
5Y Revenue Exit £0.3400 £0.5700 £0.8600 72
5Y EBITDA Exit £0.5300 £0.9200 £1.38 74
5Y P/E Exit £0.2900 £0.4800 £0.6800 70
10Y Revenue Exit £0.2700 £0.4400 £0.6800 66
10Y EBITDA Exit £0.3900 £0.6500 £1.02 67
10Y P/E Exit £0.2600 £0.3900 £0.5600 64
Earnings-Based
Graham-Dodd £0.1800 £0.5500 £0.7300 65
Lynch FV £0.1200 £0.1700 £0.2200 61
PEG = 1.0 £0.1200 £0.1700 £0.2200 57
EPV £0.3000 £0.3400 £0.3700 74
Dividend Discount
Gordon GGM £0.1500 £0.2400 £0.3200 68
DDM Multi-Stage £0.1500 £0.2200 £0.2600 67
Multiples
P/E Multiple £0.4100 £0.5500 £0.6800 63
P/S Multiple £0.3300 £0.4400 £0.5500 58
P/B Multiple £0.3300 £0.4400 £0.5500 55
EV/EBIT £0.6500 £0.8600 £1.08 66
EV/EBITDA £0.8800 £1.17 £1.47 67
EV/Revenue £0.4600 £0.6600 £0.8600 53
Asset-Based
NCAV (Graham) £0.3500 £0.4700 £0.7000 54
Growth DCF
Growth DCF £0.2200 £0.3000 £0.3800 80
Rev-Margin DCF £0.3400 £0.5600 £0.8200 72
Economic Profit
Residual Income £0.4700 £0.4600 £0.3700 76
ROIC Compounder £0.3000 £0.3400 £0.3700 72
Growth Earnings
Growth-Adj P/E £0.3400 £0.4800 £0.6300 67

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Quality Score breakdown

Overall quality 60/100

Of which business quality 58 · Market factors (momentum, volatility) 85

Profitability 34
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 46
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 82
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 67
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality Growth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+3.0%
Revenue growth 3 years 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. Per-share growth (which does include buybacks) is in the value-creation card.
−4.4%
Revenue growth 5 years 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. Per-share growth (which does include buybacks) is in the value-creation card.
+2.7%
Revenue growth 15 years 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. Per-share growth (which does include buybacks) is in the value-creation card.
+10.4%
What shareholders gained per year (last 5 years) What the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−14.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−17.5%
Dividend (yield on the price)3.2%
Pace: 5 vs 10 years Two data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−18% vs −5%, slowing
Profit margin 2020 to 2025 Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.14% → 7%

Growth Forecast

A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes This turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+20.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.

MCON screens 62% overvalued. Compare with Techtronic Industries Company →

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Peer GroupHow 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.Tools & Accessories · 123 stocks

Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 60 · Above median
Fair Value upside −32% · Below median
Profitability
Return on equity (TTM) 3% · Below median
Return on assets 3% · Above median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 9% · Above median
Growth and dividend
Revenue growth 9% · Above median
Dividend yield (TTM) 3.2% · Top 25%
Balance sheet
Debt / equity 0.09× · Above median

Valuation Multiplesvs Tools & Accessories median · lower = cheaper

P/E (TTM) 33.3× · Pricier than median
P/B 1.17× · Cheaper than median
P/S (TTM) 1.17× · Cheaper than median
P/FCF 29.9× · Priciest 25%
EV/EBITDA 10.5× · Cheaper than median

Context: sector, industry, market

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

Similar stocks

10 more Tools & Accessories stocks, each showing price versus our Fair Value estimate.

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Techtronic Industries Company 0669 HK$127.00 HK$139.70 +10%
Snap-on Incorporated SNA $375.44 $342.91 −9%
RBC Bearings Incorporated RBC $494.83 $339.68 −31%
Lincoln Electric Holdings LECO $253.06 $151.86 −40%
Stanley Black & Decker, Inc SWK $89.24 $52.80 −41%
AB SKF (publ) SKFB kr 269.20 kr 159.44 −41%
The Timken Company TKR $119.40 $64.85 −46%
The Toro Company TTC $92.72 $69.71 −25%
SFS Group SFSN CHF 136.00 CHF 118.30 −13%
Hangzhou Greatstar Industrial Co 002444 ¥28.54 ¥30.38 +6%

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Frequently asked questions

Is Mincon Group (MCON) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of £0.4100 versus a price of £0.6650, about −38% upside (overvalued).
What is the fair value of MCON?
Our model-based fair value for Mincon Group is £0.4100 (as of Sep 13, 2026), built from audited fundamentals. The current price: £0.6650.
What is the quality score of MCON?
Mincon Group has a Quality Score of 60/100. 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 price target for Mincon Group (MCON)?
Our model-based price target is the fair value of £0.4100 (as of Sep 13, 2026) from 26 valuation models. Cautious scenario £0.2600, optimistic scenario £0.5400. It is a calculation from audited fundamentals, not an analyst target.
What is the Mincon Group stock forecast for 2026?
Our models put fair value at £0.4100, about −38% upside versus a price of £0.6650 (overvalued). Cautious scenario £0.2600, optimistic scenario £0.5400. The calculation is refreshed regularly with new filings.
What is the revenue of Mincon Group (MCON)?
Mincon Group reported trailing-twelve-month revenue of about £149M (latest available figure, as of Sep 13, 2026).
Does Mincon Group pay a dividend?
Mincon Group currently shows a dividend yield of about 3.16% relative to its recent price (as of Sep 13, 2026).
What growth is priced into Mincon Group (MCON)?
For today's price to be fair in a discounted-cash-flow model, Mincon Group would have to grow free cash flow by +20.8 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.7 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of MCON use?
Our models discount Mincon Group at 11.8 %: a base by market capitalisation (micro), damped by beta 0.12, country premium for United Kingdom. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Mincon Group that is +20.8 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Mincon Group (MCON) delivered so far?
Over the past 5 years revenue at Mincon Group grew +2.7 % a year. The price currently implies +20.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Mincon Group (MCON) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Mincon Group (+20.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Mincon Group (MCON)?
The free-cash-flow yield on the price is 3.98 %: that much free cash flow Mincon Group produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Mincon Group (MCON)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mincon Group it is £0.4100 per share (as of Sep 13, 2026), against a price of £0.6650. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Mincon Group stock overvalued or undervalued in 2026?
As of Sep 13, 2026, MCON trades above its calculated fair value: price £0.6650, fair value £0.4100, a gap of about −38% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MCON?
No. The price is what the market pays today (£0.6650); the fair value is what the company's own numbers justify (£0.4100). For Mincon Group the two are £0.2550 per share apart. That gap is exactly why we show both numbers side by side.
How much is Mincon Group worth?
The market values Mincon Group at about 146M GBX (market capitalisation, as of Sep 13, 2026). Per share that is £0.6650; our models calculate a fair value of £0.4100 per share.
What do the bullish and bearish scenarios say about MCON?
Our models span a range for Mincon Group: cautious scenario £0.2600, base £0.4100, optimistic £0.5400 per share (as of Sep 13, 2026, price £0.6650). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MCON?
Mincon Group trades at a price-to-earnings ratio of 33.3 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £0.4100 is built from several models across several years. Other multiples: P/B 1.2, P/S 1.2, EV/EBITDA 10.5.
How solid is the balance sheet of Mincon Group (MCON)?
Balance-sheet figures for Mincon Group (as of Sep 13, 2026): return on equity 3.2%, debt of 0.09 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
Which stocks are comparable to Mincon Group?
From the same area (Industrials) we also value Techtronic Industries Company, Snap-on Incorporated, RBC Bearings Incorporated, Lincoln Electric Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Mincon Group stock attractive at the current price?
The data as of Sep 13, 2026: price £0.6650, calculated fair value £0.4100 (−38%), Quality Score 60/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MCON calculated?
We run Mincon Group through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of £0.4100, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.8 % above its aggregate fair value. Mincon Group itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What should I pay attention to with Mincon Group right now?
The price sits above even our optimistic bull case (£0.5400). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (£0.2600 to £0.5400) leaves room in how you read the outcome.
Where does the earnings growth of Mincon Group (MCON) come from?
Earnings per share at Mincon Group grew −6.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.0 %, EBIT margin −8.5 %, tax rate −1.2 %, residual (interest, one-offs) −5.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Mincon Group

How large is the market capitalisation of Mincon Group (MCON)?
The market capitalisation of Mincon Group is 146M GBX. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Mincon Group (MCON)?
The price-to-sales ratio of Mincon Group is 1.23 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Mincon Group (MCON)?
Earnings per share at Mincon Group are £0.0200 (price ÷ EPS = P/E 33.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Mincon Group (MCON)?
The dividend yield of Mincon Group is 3.2% (payout 105%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Mincon Group (MCON)?
The net margin of Mincon Group is 3.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Mincon Group (MCON)?
The return on equity (ROE) of Mincon Group is 3.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Mincon Group (MCON)?
On an EBIT basis the return on assets of Mincon Group is 6.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Mincon Group (MCON)?
The operating margin of Mincon Group is 9.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mincon Group (MCON)?
Revenue at Mincon Group is growing +8.9% versus a year earlier (3y avg −4.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Mincon Group (MCON)?
Earnings per share at Mincon Group are growing −68.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Mincon Group (MCON) carry?
The net debt of Mincon Group is 21.9M GBX (fiscal year 2025, ≈ 3.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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