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Tortilla Mexican Grill plc (MEX) Fair Value & Analysis

Consumer Cyclical · GB · Market cap 28.8M GBX

TM Tortilla Mexican Grill plc MEX · LSE
Price£0.7450
Fair Value£1.23
Upside+65.1%
Quality92/100
Evidence: Medium Range £0.6400 – £1.82

Fair value as of: Jun 24, 2026

From 11 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from £3.32 to £1.23 (−63.0%) since Jun 23, 2026. Share price −5.2% over the past month.

Price vs Fair Value (12 months)

£0.8580 £0.3576 Fair Value £1.23 Jun 2025 Jun 2026

12‑month range £0.3576 – £0.8580 · fair‑value band £0.6400 – £1.82 · the £0.7450 price screens below the £1.23 fair value. As of Jun 24, 2026.

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Analysis

Tortilla Mexican Grill plc (MEX) currently trades at £0.7450, while our model-based Fair Value estimate is £1.23 — implying the stock looks roughly 65.1% undervalued today. We read business quality at 92/100 (high quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium) — always confirm before acting.

Over the trailing twelve months, Tortilla Mexican Grill plc generated revenue of £72.5M at a net margin of -7.1%. Revenue grew 14.2% year over year. Net debt stands at £43.2M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 72.5M GBX
Revenue growth (YoY) +14.2%
Net margin -7.1%
Return on equity -32,207%
Free cash flow 5.5M GBX FY2024
Operating margin -3.0%
More key figures
EPS (TTM) £-0.1300
EPS growth (YoY) -99.9%
Net debt 43.2M GBX FY2024

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Tortilla Mexican Grill plc, together with its subsidiaries, operates, manages, and franchises Mexican restaurants under the Tortilla, Chilango, and Fresh Burritos brands in France, the United Kingdom, and the Middle East. The company was formerly known as Tortilla Mexican Grill Limited and changed its name to Tortilla Mexican Grill plc in September 2021. Tortilla Mexican Grill plc was founded in 2007 and is headquartered in London, the United Kingdom.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Tortilla Mexican Grill plc reported revenue of £68.0M in FY2024 versus £26.8M in FY2020, a compound +26.2%/yr. Reported net income was −£3.3M in FY2024.

Revenue +26.2%/yr
FY20 £26.8M
FY21 £48.1M
FY22 £57.7M
FY23 £65.7M
FY24 £68.0M
Net income
FY20 £460K
FY21 £1.4M
FY22 −£638K
FY23 −£1.1M
FY24 −£3.3M

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Similar stocks

6 more Restaurants stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
McDonald's Corporation MCD 4,928 MXN 1,948 MXN -60%
Starbucks Corporation SBUX C$27.68 C$7.21 -74%
Compass Group CMPGF $32.84 $18.80 -43%
Chipotle Mexican Grill, Inc CMGS C$12.49 C$7.20 -42%
Yum! Brands, Inc YUM $150.74 $59.42 -61%
Restaurant Brands International Inc QSR $73.20 $42.90 -41%

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Frequently asked questions

Is Tortilla Mexican Grill plc (MEX) undervalued?
As of Jun 24, 2026, our model estimates a fair value of £1.23 versus a price of £0.7450 — about +65% (undervalued). Model-based estimate, not financial advice.
What is the fair value of MEX?
Our 21-model fair value for Tortilla Mexican Grill plc is £1.23 (as of Jun 24, 2026), built from audited fundamentals. The current price is £0.7450.
What is the quality score of MEX?
Tortilla Mexican Grill plc has a Quality Score of 92/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Tortilla Mexican Grill plc (MEX)?
Tortilla Mexican Grill plc reported trailing-twelve-month revenue of about £72.5M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of MEX?
The net profit margin of Tortilla Mexican Grill plc is about -7.1%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.