Mha Ltd (MHA) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Mha Ltd £2.69, price £1.35, upside +100.0%, quality 92 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Mha Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
17‑month range £0.9893 – £1.72 · fair‑value band £1.58 – £4.33 · the £1.35 price screens below the £2.69 fair value. Dashed = 300-day average. As of Sep 23, 2026.
Follow Mha in your weekly email
Every Wednesday you see whether Mha is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
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.
Show more
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.
Stock analysis
Mha Ltd (MHA) currently trades at £1.35, while our model-based Fair Value estimate is £2.69, implying the stock looks roughly 50.0% undervalued today.
Show more
Valuation
Bull case: the Earnings-Based group reads highest at a median of £6.69 per share, and 9 of the 11 models we run sit above the £1.35 price.
Bear case: the Multiples group reads lowest at £0.3100, and 2 of the 11 models stay below the price. Evidence for this calculation is high.
Scenario range: £1.58 (bear) to £4.33 (bull), the price of £1.35 sits below 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 92/100 (high quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Mha Ltd 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.
Key figures
Market cap 365M GBX · P/E ratio 6.7 · P/S ratio 2.46 · EPS (TTM) £0.2000 · Dividend yield 0.7% · Net margin 36.6% · Return on assets (EBIT) 45.1% · Operating margin 14.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 0% fair-value upside, at 100%, MHA screens cheaper than that median.
Fair Value models
Bear £1.58Fair Value £2.69Bull £4.33
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less 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).
−6.8%
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.
+19.7%
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 −8.9% a year for the price and +17.0% for the forecasts.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Specialty Business Services · 248 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score92 · Top 25%
Fair Value upside+100% · Top 25%
Profitability
Return on assets0% · Bottom 25%
Net margin (TTM)24% · Top 25%
Operating margin (TTM)14% · Top 25%
Growth and dividend
Revenue growth13% · Above median
Dividend yield (TTM)0.7% · Bottom 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Specialty Business Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Mha Ltd Fair Value". https://www.fairvalue-calculator.com/stock/MHA
Frequently asked questions
Is Mha Ltd (MHA) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of £2.69 versus a price of £1.35, about +100% upside (undervalued).
What is the fair value of MHA?
Our model-based fair value for Mha Ltd is £2.69 (as of Sep 23, 2026), built from audited fundamentals. The current price: £1.35.
What is the quality score of MHA?
Mha Ltd 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 price target for Mha Ltd (MHA)?
Our model-based price target is the fair value of £2.69 (as of Sep 23, 2026) from 11 valuation models. Cautious scenario £1.58, optimistic scenario £4.33. It is a calculation from audited fundamentals, not an analyst target.
What is the Mha Ltd stock forecast for 2026?
Our models put fair value at £2.69, about +100% upside versus a price of £1.35 (undervalued). Cautious scenario £1.58, optimistic scenario £4.33. The calculation is refreshed regularly with new filings.
What is the revenue of Mha Ltd (MHA)?
Mha Ltd reported trailing-twelve-month revenue of about £238M (latest available figure, as of Sep 23, 2026).
Does Mha Ltd pay a dividend?
Mha Ltd currently shows a dividend yield of about 0.74% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Mha Ltd (MHA)?
For today's price to be fair in a discounted-cash-flow model, Mha Ltd would have to grow free cash flow by -6.8 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 2 years revenue grew +30.2 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of MHA use?
Our models discount Mha Ltd at 11.8 %: a base by market capitalisation (small), 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 Mha Ltd that is -6.8 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Mha Ltd (MHA) delivered so far?
Over the past 2 years revenue at Mha Ltd grew +30.2 % a year. The price currently implies -6.8 % 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 Mha Ltd (MHA) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Mha Ltd (-6.8 % 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 Mha Ltd (MHA)?
The free-cash-flow yield on the price is 14.11 %: that much free cash flow Mha Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Mha Ltd (MHA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mha Ltd it is £2.69 per share (as of Sep 23, 2026), against a price of £1.35. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Mha Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, MHA trades below its calculated fair value: price £1.35, fair value £2.69, a gap of about +100% (undervalued). 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 MHA?
No. The price is what the market pays today (£1.35); the fair value is what the company's own numbers justify (£2.69). For Mha Ltd the two are £1.35 per share apart. That gap is exactly why we show both numbers side by side.
How much is Mha Ltd worth?
The market values Mha Ltd at about 365M GBX (market capitalisation, as of Sep 23, 2026). Per share that is £1.35; our models calculate a fair value of £2.69 per share.
What do the bullish and bearish scenarios say about MHA?
Our models span a range for Mha Ltd: cautious scenario £1.58, base £2.69, optimistic £4.33 per share (as of Sep 23, 2026, price £1.35). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MHA?
Mha Ltd trades at a price-to-earnings ratio of 6.7 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £2.69 is built from several models across several years. Other multiples: P/B 7.6, P/S 2.0, EV/EBITDA 7.6.
How solid is the balance sheet of Mha Ltd (MHA)?
Balance-sheet figures for Mha Ltd (as of Sep 23, 2026): debt of 0.00 per unit of equity. They feed the Quality Score of 92/100, which measures business quality independently of the share price.
How far is MHA from its 52-week high?
Mha Ltd trades at £1.35, about 22% below its 52-week high of £1.72 and 14% above the low of £1.18 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of £2.69 is for.
Which stocks are comparable to Mha Ltd?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments 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 Mha Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price £1.35, calculated fair value £2.69 (+100%), Quality Score 92/100, from 11 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 MHA calculated?
We run Mha Ltd through 11 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 £2.69, 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 14.1 % above its aggregate fair value. Mha Ltd currently trades 100 % below its own fair value, and the market average says nothing about that. 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 Mha Ltd (MHA)?
The closing price on Sep 23, 2026 was £1.35. Our model-based fair value is £2.69, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mha Ltd right 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 (£1.58). The market is more pessimistic than our downside scenario. The model range is unusually wide (£1.58 to £4.33). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of Mha Ltd
How large is the market capitalisation of Mha Ltd (MHA)?
The market capitalisation of Mha Ltd is 365M GBX. 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 Mha Ltd (MHA)?
The price-to-sales ratio of Mha Ltd is 2.46 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Mha Ltd (MHA)?
Earnings per share at Mha Ltd are £0.2000 (price ÷ EPS = P/E 6.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Mha Ltd (MHA)?
The dividend yield of Mha Ltd is 0.7% (payout 5.0%). 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 Mha Ltd (MHA)?
The net margin of Mha Ltd is 36.6% (fiscal year 2024). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Mha Ltd (MHA)?
On an EBIT basis the return on assets of Mha Ltd is 45.1% (avg 3y). 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 Mha Ltd (MHA)?
The operating margin of Mha Ltd is 14.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mha Ltd (MHA)?
Revenue at Mha Ltd is growing +13.2% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
Free · no account needed
Watch Mha Ltd in the live analysis
One click puts Mha Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
