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Manx Financial Group (MFX) Fair Value & Analysis

Financial Services · GB · Market cap 31.4M GBX

MF Manx Financial Group MFX · LSE
Price£0.2550
Fair Value£0.5100
Upside+100.0%
Quality37/100
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Expensive Growth
Solidly profitable · 15.7% net margin
Moderate debt · generates free cash flow
1.96% dividend yield
Mixed vs. peers (7/14)
Moderate moat 55/100
Evidence: High Range £0.3830 – £0.6300 Share as image

Fair value as of: Jul 19, 2026

From 6 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from £0.5500 to £0.5100 (−7.3%) since Jun 26, 2026. Share price −7.7% over the past month.

Below-average quality, screening 100% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (37/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (£0.3830). The market is more pessimistic than our downside scenario.
  • 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)

£0.4008 £0.0688 Fair Value £0.5100 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range £0.0688 – £0.4008 · fair‑value band £0.3830 – £0.6300 · the £0.2550 price screens below the £0.5100 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Manx Financial Group (MFX) currently trades at £0.2550, while our model-based Fair Value estimate is £0.5100, implying the stock looks roughly 100.0% undervalued today. The Quality Score stands at 37/100 (below-average quality), in the Financial Services 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: high), always confirm before acting.

Over the trailing twelve months, Manx Financial Group generated revenue of £40.8M at a net margin of 15.7%. Revenue grew 2.5% year over year. It earns a return on equity of 15.8%. Net debt stands at £30.8M. Fundamentals as of Jul 19, 2026

Our scenario range runs from £0.3830 (bear case) to £0.6300 (bull case); at £0.2550, the current price sits below 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 42% fair-value upside, at 100%, MFX screens cheaper 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
Residual Income £0.3100 £0.3700 £0.7500 76
Gordon GGM £0.0300 £0.0500 £0.0600 70
P/E Multiple £0.5100 £0.6800 £0.8400 63
All 6 models by family
Dividend Discount
Gordon GGM £0.0300 £0.0500 £0.0600 70
DDM Multi-Stage £0.0300 £0.0500 £0.0500 61
Multiples
P/E Multiple £0.5100 £0.6800 £0.8400 63
P/B Multiple £0.3700 £0.5000 £0.6200 55
Asset-Based
NCAV (Graham) £0.1800 £0.2400 £0.3500 50
Economic Profit
Residual Income £0.3100 £0.3700 £0.7500 76

Widest divergence: Multiples (£0.5000) versus Dividend Discount (£0.0500). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 40.8M GBX
Revenue growth (YoY) +2.5%
Net margin 15.7%
Return on equity 15.8%
Free cash flow 1.5M GBX FY2025
P/E ratio 6.4
More key figures
Operating margin 14.7%
EPS (TTM) £0.0400
Dividend yield 2.0%
EPS growth (YoY) -52.0%
Net debt 30.8M GBX FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 33 · Market factors (momentum, volatility) 33

Profitability 28
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 24
Earnings quality: real cash, not paper profit
Fin. Strength 14
Balance sheet, leverage, solvency risk
Investment 54
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 67
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

Manx Financial Group PLC, through its subsidiaries, provides asset and personal finance, investing, foreign exchange brokerage, and wealth management services in the Isle of Man, the United Kingdom, and the Channel Islands.

Full company description

Manx Financial Group PLC, through its subsidiaries, provides asset and personal finance, investing, foreign exchange brokerage, and wealth management services in the Isle of Man, the United Kingdom, and the Channel Islands. The company offers various financial products and services, such as savings accounts, asset financing, personal loans, block discounting, and other specialist secured credit facilities to consumers and business sectors; and loans to small and medium sized enterprises, as well as hire purchase and leasing finance services. It also provides wealth management, protection, lending, general insurance, and retirement planning services to personal and corporate customers; and payment processing facilities. The company was formerly known as Conister Financial Group PLC and changed its name to Manx Financial Group PLC in July 2009. Manx Financial Group PLC was founded in 1935 and is based in Douglas, the Isle of Man.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Manx Financial Group reported revenue of £65.5M in FY2025 versus £24.7M in FY2021, a compound +27.6%/yr. Reported net income was £6.4M in FY2025, compounding +23.0%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
£65.5M
Latest YoY
+13.9%
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.
+26.4%
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.
+23.9%
Avg. growth/yr (21Y) 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.
+11.1%
Revenue +27.6%/yr
FY21 £24.7M
FY22 £32.5M
FY23 £46.0M
FY24 £57.5M
FY25 £65.5M
Net income +23.0%/yr
FY21 £2.8M
FY22 £4.3M
FY23 £5.3M
FY24 £8.1M
FY25 £6.4M
Character of growth · EPS growth decomposed (2014-2025) +13.9 % p.a.
Revenue per share +16.5 pp

of which total revenue +19.2 pp · buybacks/dilution −2.7 pp

EBIT margin +0.3 pp
Tax rate −0.4 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).

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Cite: Fair Value Calculator (2026). "Manx Financial Group Fair Value". https://www.fairvalue-calculator.com/stock/MFX

Peer Group

Banks - Regional · 1083 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 36 · Bottom 25%
Fair Value upside +100% · Top 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 1% · Above median
Net margin (TTM) 16% · Bottom 25%
Operating margin (TTM) 15% · Bottom 25%
Revenue growth 3% · Below median
Dividend yield (TTM) 2.0% · Below median
Debt / equity 0.51× · Higher than median

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 6.4× · Cheaper than 75% of peers
P/B 0.97× · Cheaper than median
P/S (TTM) 1.04× · Cheaper than 75% of peers
P/FCF 28.6× · Pricier than 75% of peers
EV/EBITDA 5.0× · Cheaper than 75% of peers

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 100 · sector 39
FUTURE 13 · sector 44
PAST 63 · sector 41
HEALTH 75 · sector 85
DIVIDEND 39 · sector 49

Insider activity: 40/100

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 Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,175 IDR 6,087 IDR -1%
KB Financial Group 105560 184,400 KRW 213,797 KRW +16%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,970 IDR 4,891 IDR +65%
PT Bank Mandiri (Persero) Tbk BMRI 4,310 IDR 7,841 IDR +82%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
Shinhan Financial Group 055550 107,900 KRW 137,259 KRW +27%
Hana Financial Group 086790 136,800 KRW 193,969 KRW +42%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 193.10 CLP 152.55 CLP -21%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,400 VND 84,201 VND +42%

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Frequently asked questions

Is Manx Financial Group (MFX) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of £0.5100 versus a price of £0.2550, about +100% (undervalued).
What is the fair value of MFX?
Our model-based fair value for Manx Financial Group is £0.5100 (as of Jul 19, 2026), built from audited fundamentals. The current price is £0.2550.
What is the quality score of MFX?
Manx Financial Group has a Quality Score of 37/100. 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 Manx Financial Group (MFX)?
Manx Financial Group reported trailing-twelve-month revenue of about £40.8M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of MFX?
The net profit margin of Manx Financial Group is about 15.7%, meaning it keeps roughly 15.7% of revenue as net income. Based on the latest reported figures.
Does Manx Financial Group pay a dividend?
Manx Financial Group currently shows a dividend yield of about 2.00% relative to its recent price (as of Jul 19, 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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