Mercia Technologies PLC (MERC) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Mercia Technologies PLC stock £0.26, price £0.30, that is 13.9% below the price, quality 61 out of 100. Rating: overvalued. Calculated from audited financials with 3 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 1, 2026.
How to read this chart
60‑month range £0.1912 – £0.3712 · fair‑value band £0.1900 – £0.3800 · the £0.3020 price screens above the £0.2600 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 1, 2026.
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Mercia Asset Management PLC is a private equity and venture capital firm specializing in incubation, venture debt, loan, mezzanine, seed EIS, early stage, emerging growth, mid venture, late venture, later stage, buyout, and growth capital investments.
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It invests in technology focusing on sectors such as retailing, energy, healthcare, industrials, materials, real estate, telecommunication services, engineering and specialist manufacturing, and life sciences.
The firm invests in Midlands, North of the United Kingdom, the North of England, and Scotland. It typically invests equity between £0.005 million ($0.01 million) and £10 million ($13.49 million). It makes investment in debt between $0.02 million and $2.32 million.
The firm also makes equity investments in companies either directly or via its funds under management and can also provide investments in form of debt or convertible securities. It prefers to take majority or minority stake in its portfolio companies.
It seeks board position in its portfolio companies. Mercia Asset Management PLC was founded in 2014 and is based in Henley-in-Arden, United Kingdom with additional offices across Europe.
Stock analysis
Mercia Technologies PLC (MERC) currently trades at £0.3020, while our model-based Fair Value estimate is £0.2600, 14% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of £0.2600 per share, and 0 of the 3 models we run sit above the £0.3020 price.
Bear case: the Asset-Based group reads lowest at £0.0400, and 3 of the 3 models stay below the price. Data coverage for this calculation is low.
Scenario range: £0.1900 (bear) to £0.3800 (bull), the price of £0.3020 sits inside 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 61/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Mercia Technologies PLC reported revenue of £34.1M in FY2026 versus £33.1M in FY2022, a compound +0.8%/yr. Reported net income was −£8.6M in FY2026.
Key figures
Market cap £130M Micro · P/S ratio 3.75 · EPS (TTM) £−0.0200 · Dividend yield 3.3% · Net margin −25.2% · Return on equity −4.8% · Return on assets (EBIT) 0.5% · Operating margin 10.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 19% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at −14%, MERC screens cheaper than that median.
Fair Value models
Bear£0.1900Fair Value £0.2600Bull£0.3800
Price £0.3020 · Downside -13.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
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.23/100
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.
+10.9%
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.
−4.8%
Start year 2021 (pandemic). Over 10 years: +34.6% a year
Revenue growth 14 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.
+37.1%
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Profit margin (trend) ⓘ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.
78.6% (2021) → −26.0% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+18.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+7.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about +15.6% a year for the price and +4.7% for the forecasts.
Compare Mercia Technologies PLC with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Asset Management · 591 stocks
Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside−13.9% · Below median
Profitability
Return on assets−4.6% · Bottom 25%
Net margin (12 months)−25.2% · Bottom 25%
Operating margin (12 months)10.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−2.1% · Below median
Dividend yield (12 months)3.3% · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
P/B0.75× · Cheaper than median
P/S (12 months)3.80× · Cheaper than median
Price / free cash flow (fiscal year)27.7× · Pricier than median
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Is Mercia Technologies PLC (MERC) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of £0.2600 versus a price of £0.3020, about 14% lower (overvalued).
What is the fair value of MERC?
Our model-based fair value for Mercia Technologies PLC is £0.2600 (as of Nov 1, 2026), built from audited fundamentals. The current price: £0.3020.
What is the quality score of MERC?
Mercia Technologies PLC has a Quality Score of 61/100. 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 Mercia Technologies PLC (MERC)?
Our model-based price target is the fair value of £0.2600 (as of Nov 1, 2026) from 3 valuation models. Cautious scenario £0.1900, optimistic scenario £0.3800. It is a calculation from audited fundamentals, not an analyst target.
What is the Mercia Technologies PLC stock forecast for 2026?
Our models put fair value at £0.2600, about 14% lower versus a price of £0.3020 (overvalued). Cautious scenario £0.1900, optimistic scenario £0.3800. The calculation is refreshed regularly with new filings.
What is the revenue of Mercia Technologies PLC (MERC)?
Mercia Technologies PLC reported trailing-twelve-month revenue of about £34.1M (latest available figure, as of Nov 1, 2026).
Does Mercia Technologies PLC pay a dividend?
Mercia Technologies PLC currently shows a dividend yield of 3.31% relative to its recent price (as of Nov 1, 2026).
What growth is priced into Mercia Technologies PLC (MERC)?
For today's price to be fair in a discounted-cash-flow model, Mercia Technologies PLC would have to grow free cash flow by +18.3 % per year for five years (discount rate 12.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -4.8 % per year. As of Nov 1, 2026.
What discount rate (WACC) does the fair value of MERC use?
Our models discount Mercia Technologies PLC at 12.6 %: a base by market capitalisation (micro), damped by beta 0.80, 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 Mercia Technologies PLC that is +18.3 % per year a year over ten years, using the same discount rate (12.6 %) and the same formula as our fair value.
How much growth has Mercia Technologies PLC (MERC) delivered so far?
Over the past 5 years revenue at Mercia Technologies PLC grew -4.8 % a year. The price currently implies +18.3 % 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 Mercia Technologies PLC (MERC) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Mercia Technologies PLC (+18.3 % 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 Mercia Technologies PLC (MERC)?
The free-cash-flow yield on the price is 3.62 %: that much free cash flow Mercia Technologies PLC produces per unit of market value. When it exceeds the discount rate of our models (12.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Mercia Technologies PLC (MERC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mercia Technologies PLC it is £0.2600 per share (as of Nov 1, 2026), against a price of £0.3020. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Mercia Technologies PLC stock overvalued or undervalued in 2026?
As of Nov 1, 2026, MERC trades above its calculated fair value: price £0.3020, fair value £0.2600, a gap of about −14% (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 MERC?
No. The price is what the market pays today (£0.3020); the fair value is what the company's own numbers justify (£0.2600). For Mercia Technologies PLC the two are £0.0420 per share apart. That gap is exactly why we show both numbers side by side.
How much is Mercia Technologies PLC worth?
The market values Mercia Technologies PLC at about £130M (market capitalisation, as of Nov 1, 2026). Per share that is £0.3020; our models calculate a fair value of £0.2600 per share.
What do the bullish and bearish scenarios say about MERC?
Our models span a range for Mercia Technologies PLC: cautious scenario £0.1900, base £0.2600, optimistic £0.3800 per share (as of Nov 1, 2026, price £0.3020). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Mercia Technologies PLC (MERC)?
Balance-sheet figures for Mercia Technologies PLC (as of Nov 1, 2026): return on equity −4.8%. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is MERC from its 52-week high?
Mercia Technologies PLC trades at £0.3020, about 3% below its 52-week high of £0.3100 and 19% above the low of £0.2543 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of £0.2600 is for.
Which stocks are comparable to Mercia Technologies PLC?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, Apollo Global Management, Inc, 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 Mercia Technologies PLC stock attractive at the current price?
The data as of Nov 1, 2026: price £0.3020, calculated fair value £0.2600 (−14%), Quality Score 61/100, from 3 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 MERC calculated?
We run Mercia Technologies PLC through 3 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 £0.2600, 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 12.7% above its aggregate fair value. Mercia Technologies PLC 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 is the share price of Mercia Technologies PLC (MERC)?
The closing price on Nov 6, 2026 was £0.3020. Our model-based fair value is £0.2600, about 14% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mercia Technologies PLC right now?
Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (£0.1900 to £0.3800) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Mercia Technologies PLC
How large is the market capitalisation of Mercia Technologies PLC (MERC)?
The market capitalisation of Mercia Technologies PLC is £130M. 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 Mercia Technologies PLC (MERC)?
The price-to-sales ratio of Mercia Technologies PLC is 3.75 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Mercia Technologies PLC (MERC)?
Earnings per share at Mercia Technologies PLC are £−0.0200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Mercia Technologies PLC (MERC)?
The dividend yield of Mercia Technologies PLC is 3.3%. 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 Mercia Technologies PLC (MERC)?
The net margin of Mercia Technologies PLC is −25.2% (last twelve months). 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 Mercia Technologies PLC (MERC)?
The return on equity (ROE) of Mercia Technologies PLC is −4.8% (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 Mercia Technologies PLC (MERC)?
On an EBIT basis the return on assets of Mercia Technologies PLC is 0.5% (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 Mercia Technologies PLC (MERC)?
The operating margin of Mercia Technologies PLC is 10.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mercia Technologies PLC (MERC)?
Revenue at Mercia Technologies PLC is growing −2.1% versus a year earlier (3y avg +10.9%). 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 Mercia Technologies PLC (MERC)?
Earnings per share at Mercia Technologies PLC are growing −5.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Mercia Technologies PLC (MERC) hold?
Mercia Technologies PLC holds more cash than debt, £25.4M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 1, 2026