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Mindflair Plc (MFAI) Fair Value & Analysis

Financial Services · GB · Market cap 2.1M GBX

What is Mindflair Plc really worth?

MP Mindflair Plc MFAI · LSE
Price£0.0043
Fair Value£0.0035
Upside−17.7%
Quality31/100

Below-average quality, and trading another 21% above our fair value of £0.0035.

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Risks

!Mixed Growth (revenue 3y +14.5 %/yr)
!Thin margins · 0.0% net margin
!Low debt · negative free cash flow
!Trails peers (2/8)
!Narrow moat 0/100
!Evidence only low, so the estimate is less certain
!Weak on valuation: 10 out of 100
Evidence: Low Range £0.0034 – £0.0035

Fair value as of: Aug 28, 2026

From 2 valuation models · updated 5 days ago

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (£0.0035). The favourable scenario is already priced in.
  • Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The models converge in a tight band (£0.0034 to £0.0035), unusually little disagreement for a valuation.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

£0.0925 £0.0038 Fair Value £0.0035 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.

How to read this chart

60‑month range £0.0038 – £0.0925 · fair‑value band £0.0034 – £0.0035 · the £0.0043 price screens above the £0.0035 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 28, 2026.

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Analysis

Mindflair Plc (MFAI) currently trades at £0.0043, while our model-based Fair Value estimate is £0.0035, implying the stock looks roughly 21.4% overvalued today. The Quality Score stands at 31/100 (below-average quality), in the Financial Services sector. How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.

It earns a return on equity of 12.8%. Fundamentals as of Aug 28, 2026

Our scenario range runs from £0.0034 (bear case) to £0.0035 (bull case); at £0.0043, 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 −28% fair-value upside, at −18%, MFAI screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
P/B Multiple best evidence £0.0100 £0.0200 £0.0200 55
NCAV (Graham) £0.0100 £0.0100 £0.0200 52
All 2 models by family
Multiples
P/B Multiple best evidence £0.0100 £0.0200 £0.0200 55
Asset-Based
NCAV (Graham) £0.0100 £0.0100 £0.0200 52

Widest divergence: Multiples (£0.0200) versus Asset-Based (£0.0100). Highest evidence: P/B Multiple (55).

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Key figures & financial health

Return on equity 12.8% TTM
Return on assets (EBIT) −2.1% avg 5y
Operating margin −19,150% TTM
Free cash flow −886K GBX FY2025
Net cash 610K GBX FY2025

Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 31/100

Of which business quality 34 · Market factors (momentum, volatility) 24

Profitability 0
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 26
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 38
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 0
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Mindflair Plc is a venture capital firm specializing in growth capital. It provides access for public market investors to companies at an early stage of their growth trajectory. The firm is focused on both direct and co-investment in technology companies and in specialist technology venture capital funds.

Full company description

Mindflair Plc is a venture capital firm specializing in growth capital. It provides access for public market investors to companies at an early stage of their growth trajectory. The firm is focused on both direct and co-investment in technology companies and in specialist technology venture capital funds. It seeks to invest in artificial intelligence, Big Data, machine learning, cyber security, internet of things and augmented and virtual reality. It invests in the United Kingdom, Ireland and Europe more generally but will also consider investments in wider geographical regions. Pires Investments plc was incorporated in 1994 and is based in London, the United Kingdom.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mindflair Plc reported revenue of £21.0K in FY2025 versus £0 in FY2021. Reported net income was −£1.7M in FY2025.

Growth Quality 35/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
£21.0K
Avg. revenue 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.
+14.5%
Avg. revenue growth/yr (30Y) 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.
−13.0%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue
FY21 £0
FY22 £14.0K
FY23 £0
FY24 £0
FY25 £21.0K
Net income
FY21 £1.5M
FY22 −£366K
FY23 −£2.7M
FY24 £3.2M
FY25 −£1.7M

MFAI screens 21% overvalued. Compare with Blackstone Inc →

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Cite: Fair Value Calculator (2026). "Mindflair Plc Fair Value". https://www.fairvalue-calculator.com/stock/MFAI

Peer Group

Asset Management · 722 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 34 · Bottom 25%
Fair Value upside −18% · Below median
Return on assets −5% · Bottom 25%
Net margin (TTM) 0% · Below median
Revenue growth 0% · Below median

Valuation Multiples vs Asset Management median · lower = cheaper

P/B 0.30× · Cheaper than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE10 · sector 39
FUTURE0 · sector 15
PAST0 · sector 22
HEALTH100 · sector 96
DIVIDEND0 · sector 81

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 Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).

Stock Price Fair Value vs Fair Value
Blackstone Inc BX $142.39 $52.88 −63%
Investor AB INVEB kr 417.20 kr 824.66 +98%
Brookfield Corporation BN C$58.60 C$7.74 −87%
KKR & Co KKR $108.68 $19.97 −82%
Apollo Global Management, Inc APO $135.04 $101.04 −25%
State Street Corporation STT $193.33 $138.33 −28%
Ameriprise Financial, Inc AMP $559.32 $515.24 −8%
Ares Management Corporation ARES $143.10 $30.88 −78%
Northern Trust Corporation NTRS $186.79 $122.02 −35%
Raymond James Financial, Inc RJF $176.69 $142.42 −19%

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Frequently asked questions

Is Mindflair Plc (MFAI) overvalued or undervalued?
As of Aug 28, 2026, our model estimates a fair value of £0.0035 versus a price of £0.0043, about −18% upside (overvalued).
What is the fair value of MFAI?
Our model-based fair value for Mindflair Plc is £0.0035 (as of Aug 28, 2026), built from audited fundamentals. The current price: £0.0043.
What is the quality score of MFAI?
Mindflair Plc has a Quality Score of 31/100. 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 net profit margin of MFAI?
The net profit margin of Mindflair Plc is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
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