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Mha Plc (MHA) Fair Value & Analysis

Industrials · GB · Market cap 379M GBX

MP Mha Plc MHA · LSE
Price£1.34
Fair Value£2.58
Upside+93.3%
Quality92/100
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Mixed Growth
Highly profitable · 23.8% net margin
Low debt · generates free cash flow
0.75% dividend yield
Mixed vs. peers (8/14)
Wide moat 69/100
Evidence: Medium Range £1.93 – £8.48 Share as image

Fair value as of: Jul 14, 2026

From 11 valuation models · updated 26 days ago

Share price +3.4% over the past month.

A strong business, screening 93% undervalued on our models.

What matters now

  • The rarer combination: high quality (92/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (£1.93). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (£1.93 to £8.48). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (16 months)

£1.66 £0.9536 Fair Value £2.58 Apr 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

16‑month range £0.9536 – £1.66 · fair‑value band £1.93 – £8.48 · the £1.34 price screens below the £2.58 fair value. Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Mha Plc (MHA) currently trades at £1.34, while our model-based Fair Value estimate is £2.58, implying the stock looks roughly 93.3% undervalued today. The Quality Score stands at 92/100 (high quality), in the Industrials 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, Mha Plc generated revenue of £238M at a net margin of 23.8%. Revenue grew 13.2% year over year. The stock trades on a trailing P/E of 7.3. Fundamentals as of Jul 14, 2026

Our scenario range runs from £1.93 (bear case) to £8.48 (bull case); at £1.34, 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 Industrials peers we cover trades at -35% fair-value upside, at 93%, MHA 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 BearBaseBull Evidence
Highest evidence
Growth DCF £2.40 £4.08 £6.73 80
Residual Income £1.12 £1.93 £42.71 76
Rev-Margin DCF £1.57 £2.46 £4.33 74
All 11 models by family
DCF Models
Owner Earnings £2.76 £5.62 £10.93 31
5Y P/E Exit £2.22 £4.60 £7.79 38
10Y P/E Exit £2.34 £4.70 £8.48 35
Earnings-Based
Graham-Dodd £1.35 £9.40 £13.20 54
Lynch FV £4.68 £6.69 £8.70 50
Multiples
P/E Multiple £1.93 £2.58 £3.22 63
P/B Multiple £0.2300 £0.3100 £0.3900 55
Asset-Based
NCAV (Graham) £0.1100 £0.1500 £0.2200 50
Growth DCF
Growth DCF £2.40 £4.08 £6.73 80
Rev-Margin DCF £1.57 £2.46 £4.33 74
Economic Profit
Residual Income £1.12 £1.93 £42.71 76

Widest divergence: Earnings-Based (£6.69) versus Asset-Based (£0.1500). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 238M GBX
Revenue growth (YoY) +13.2%
Net margin 23.8%
Free cash flow 51.5M GBX FY2024
P/E ratio 7.3
Operating margin 14.1%
More key figures
EPS (TTM) £0.2000
Dividend yield 0.7%

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 92/100

Of which business quality 89 · Market factors (momentum, volatility) 47

Profitability 100
Margins and returns on capital today
Quality Growth 85
Are margins and returns improving?
Cashflow 82
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 80
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

Mha Plc offers financial and business strategy services to enterprises and individuals. The company's services include business advice, audit, accountancy, tax, vat, corporate finance, corporate recovery, counter fraud, business strategy, outsourcing, cloud accounting, and business advice.

Full company description

Mha Plc offers financial and business strategy services to enterprises and individuals. The company's services include business advice, audit, accountancy, tax, vat, corporate finance, corporate recovery, counter fraud, business strategy, outsourcing, cloud accounting, and business advice. The company was formerly known as Project Balance Topco 1 PLC and changed its name to Mha Plc in March 2025. The company was founded in 1869 and is based in Milton Keynes, the United Kingdom.

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

Revenue & earnings trend

FY2022 – FY2024 · reported fiscal years

Mha Plc reported revenue of £154M in FY2024 versus £90.8M in FY2022, a compound +30.2%/yr. Reported net income was £56.3M in FY2024, compounding +33.3%/yr from FY2022.

Growth Quality 87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
£154M
Latest YoY
+36.5%
Revenue +30.2%/yr
FY22 £90.8M
FY23 £113M
FY24 £154M
Net income +33.3%/yr
FY22 £31.7M
FY23 £44.0M
FY24 £56.3M

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

Peer Group

Specialty Business Services · 255 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 92 · Top 25%
Fair Value upside +93% · Top 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 24% · Top 25%
Operating margin (TTM) 14% · Top 25%
Revenue growth 13% · Above median
Dividend yield (TTM) 0.8% · Bottom 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/E (TTM) 6.7× · Cheaper than 75% of peers
P/B 8.07× · Pricier than 75% of peers
P/S (TTM) 2.15× · Pricier than median
P/FCF 9.9× · Pricier than median
EV/EBITDA 8.0× · Cheaper than median

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 24
FUTURE 66 · sector 25
PAST 0 · sector 33
HEALTH 100 · sector 92
DIVIDEND 15 · sector 54

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 Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Cintas Corporation CTAS $206.25 $95.30 -54%
RELX PLC RELX $33.70 $32.49 -4%
Thomson Reuters Corporation TRI C$133.87 C$70.40 -47%
Copart, Inc CPRT $27.61 $28.59 +4%
Global Payments Inc GPN $80.49 $69.67 -13%
RB Global, Inc RBA C$156.43 C$49.14 -69%
Brambles Limited BXB A$18.79 A$12.28 -35%
UL Solutions Inc ULS $87.76 $33.62 -62%
Wolters Kluwer N.V WKL €62.56 €103.99 +66%
Aramark ARMK $56.74 $13.73 -76%

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Frequently asked questions

Is Mha Plc (MHA) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of £2.58 versus a price of £1.34, about +93% (undervalued).
What is the fair value of MHA?
Our model-based fair value for Mha Plc is £2.58 (as of Jul 14, 2026), built from audited fundamentals. The current price is £1.34.
What is the quality score of MHA?
Mha Plc has a Quality Score of 92/100. 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 Mha Plc (MHA)?
Mha Plc reported trailing-twelve-month revenue of about £238M (latest available figure, as of Jul 14, 2026).
What is the net profit margin of MHA?
The net profit margin of Mha Plc is about 23.8%, meaning it keeps roughly 23.8% of revenue as net income. Based on the latest reported figures.
Does Mha Plc pay a dividend?
Mha Plc currently shows a dividend yield of about 0.68% relative to its recent price (as of Jul 14, 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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