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Mincon Group (MIO) Fair Value & Analysis

Industrials · IE · Market cap €132M

MG Mincon Group MIO · IR
Price€0.6200
Fair Value€0.5000
Upside-19.4%
Quality63/100
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Healthy Growth
Thin margins · 3.7% net margin
Low debt · generates free cash flow
3.23% dividend yield
Mixed vs. peers (8/14)
Narrow moat 35/100
Evidence: High Range €0.3400 – €0.6800 Share as image

Fair value as of: Jul 19, 2026

From 24 valuation models · updated 22 days ago

Share price −10.0% over the past month.

A solid business, but screening 19% overvalued on our models.

What matters now

  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (€0.3400 to €0.6800) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€1.44 €0.2900 Fair Value €0.5000 Jun 2019 Jun 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 €0.2900 – €1.44 · fair‑value band €0.3400 – €0.6800 · the €0.6200 price screens above the €0.5000 fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Mincon Group (MIO) currently trades at €0.6200, while our model-based Fair Value estimate is €0.5000, implying the stock looks roughly 19.4% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Mincon Group generated revenue of €149M at a net margin of 3.7%. Revenue grew 8.9% year over year. It earns a return on equity of 3.2%. Net debt stands at €14.3M. Fundamentals as of Jul 19, 2026

Our scenario range runs from €0.3400 (bear case) to €0.6800 (bull case); at €0.6200, the current price sits within 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. The share trades about 18% below its 52-week high and 123% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -26% fair-value upside, at -19%, MIO 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
Growth DCF €0.2000 €0.2700 €0.3500 80
Residual Income €0.4600 €0.4400 €0.3400 76
Rev-Margin DCF €0.3300 €0.5600 €0.8100 74
All 24 models by family
DCF Models
FCF DCF €0.2000 €0.2800 €0.3800 38
Owner Earnings €0.4000 €0.5600 €0.7500 31
5Y Revenue Exit €0.3300 €0.5600 €0.8500 39
5Y EBITDA Exit €0.5200 €0.9200 €1.37 41
5Y P/E Exit €0.2900 €0.4700 €0.6700 38
10Y Revenue Exit €0.2600 €0.4300 €0.6600 36
10Y EBITDA Exit €0.3700 €0.6400 €1.00 37
10Y P/E Exit €0.2400 €0.3800 €0.5400 35
Earnings-Based
Graham-Dodd €0.1800 €0.5500 €0.7300 54
Lynch FV €0.1200 €0.1700 €0.2200 50
PEG = 1.0 €0.1200 €0.1700 €0.2200 46
EPV €0.2300 €0.2500 €0.2800 59
Multiples
P/E Multiple €0.4100 €0.5500 €0.6800 63
P/S Multiple €0.3300 €0.4400 €0.5500 58
P/B Multiple €0.3300 €0.4400 €0.5500 55
EV/EBIT €0.6500 €0.8700 €1.09 53
EV/EBITDA €0.8800 €1.18 €1.47 54
EV/Revenue €0.4600 €0.6600 €0.8700 43
Asset-Based
NCAV (Graham) €0.3500 €0.4700 €0.7000 50
Growth DCF
Growth DCF €0.2000 €0.2700 €0.3500 80
Rev-Margin DCF €0.3300 €0.5600 €0.8100 74
Economic Profit
Residual Income €0.4600 €0.4400 €0.3400 76
ROIC Compounder €0.2300 €0.2500 €0.2800 72
Growth Earnings
Growth-Adj P/E €0.3400 €0.4800 €0.6300 68

Widest divergence: Multiples (€0.5500) versus Earnings-Based (€0.1700). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €149M
Revenue growth (YoY) +8.9%
Net margin 3.7%
Return on equity 3.2%
Free cash flow €5.3M FY2025
P/E ratio 31.0
More key figures
Operating margin 9.4%
EPS (TTM) €0.0200
Dividend yield 3.2%
EPS growth (YoY) -68.7%
Net debt €14.3M FY2025

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

Quality Score breakdown

Overall quality 63/100

Of which business quality 60 · Market factors (momentum, volatility) 68

Profitability 34
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 69
Price trend over the last 3–12 months (market factor)
52W Momentum 86
Distance to the 52-week high (market factor)
Net Issuance 82
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

Mincon Group plc engages in designing, manufacturing, selling, and servicing of c and associated products in Ireland, the Americas, Europe, Australasia, the Middle East, and Africa.

Full company description

Mincon Group plc engages in designing, manufacturing, selling, and servicing of c and associated products in Ireland, the Americas, Europe, Australasia, the Middle East, and Africa. The company offers drill bits and mast attachments for excavators; down the hole (DTH) hammers; DTH drill bits for various rock-drilling applications; XP+ rotary drill bits; and construction and geotechnical solutions, including solitary, integrated, large ID, retrievable, drill through, m-wall solitary, and m-wall integrated ring bit systems, as well as spiral flush products. It also provides reverse circulation drilling products; drill pipes; horizontal directional drilling products; and shock absorbers. The company offers its products for mining, construction, geothermal and water-well drilling, and renewable energy applications. It also sells third party products. The company was formerly known as Manrock plc and changed its name to Mincon Group plc in September 2013. The company was founded in 1977 and is headquartered in Shannon, Ireland. Mincon Group plc operates as a subsidiary of Kingbell Company.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mincon Group reported revenue of €149M in FY2025 versus €144M in FY2021, a compound +0.7%/yr. Reported net income was €5.5M in FY2025, compounding −21.6%/yr from FY2021.

Growth Quality 62/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€149M
Latest YoY
+3.0%
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.
−4.4%
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.
+2.7%
Avg. growth/yr (15Y) 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.
+10.4%
Revenue +0.7%/yr
FY21 €144M
FY22 €170M
FY23 €157M
FY24 €144M
FY25 €149M
Net income −21.6%/yr
FY21 €14.6M
FY22 €14.7M
FY23 €7.5M
FY24 €1.8M
FY25 €5.5M
Character of growth · EPS growth decomposed (2011-2022) +3.3 % p.a.
Revenue per share +10.8 pp

of which total revenue +12.3 pp · buybacks/dilution −1.4 pp

EBIT margin −7.6 pp
Tax rate +0.3 pp
Residual (interest, one-offs) −0.2 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).

MIO screens 19% overvalued. Compare with Techtronic Industries Company →

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Cite: Fair Value Calculator (2026). "Mincon Group Fair Value". https://www.fairvalue-calculator.com/stock/MIO

Peer Group

Tools & Accessories · 119 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 63 · Above median
Fair Value upside −19% · Above median
Return on equity (TTM) 3% · Below median
Return on assets 3% · Below median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 9% · Above median
Revenue growth 9% · Above median
Dividend yield (TTM) 3.2% · Top 25%
Debt / equity 0.09× · Higher than median

Valuation Multiples vs Tools & Accessories median · lower = cheaper

P/E (TTM) 31.0× · Pricier than median
P/B 1.02× · Cheaper than median
P/S (TTM) 1.02× · Cheaper than median
P/FCF 28.6× · Pricier than 75% of peers
EV/EBITDA 9.2× · 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 7 · sector 3
FUTURE 45 · sector 14
PAST 13 · sector 28
HEALTH 96 · sector 96
DIVIDEND 65 · sector 36

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 Tools & Accessories stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Techtronic Industries Company 0669 HK$129.60 HK$81.05 -37%
Snap-on Incorporated SNA $410.99 $350.46 -15%
RBC Bearings Incorporated RBC $595.49 $184.29 -69%
Lincoln Electric Holdings LECO $252.58 $154.80 -39%
Stanley Black & Decker, Inc SWK $88.22 $54.24 -39%
AB SKF (publ) SKFB kr 258.90 kr 192.57 -26%
The Timken Company TKR $139.47 $66.33 -52%
The Toro Company TTC $94.42 $69.71 -26%
SFS Group SFSN CHF 140.00 CHF 118.30 -16%
Hangzhou Greatstar Industrial Co 002444 ¥29.33 ¥35.72 +22%

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Frequently asked questions

Is Mincon Group (MIO) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of €0.5000 versus a price of €0.6200, about −19% (overvalued).
What is the fair value of MIO?
Our model-based fair value for Mincon Group is €0.5000 (as of Jul 19, 2026), built from audited fundamentals. The current price is €0.6200.
What is the quality score of MIO?
Mincon Group has a Quality Score of 63/100. 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 Mincon Group (MIO)?
Mincon Group reported trailing-twelve-month revenue of about €149M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of MIO?
The net profit margin of Mincon Group is about 3.7%, meaning it keeps roughly 3.7% of revenue as net income. Based on the latest reported figures.
Does Mincon Group pay a dividend?
Mincon Group currently shows a dividend yield of about 3.23% 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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