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Malvern International Plc (MLVN) Fair Value & Analysis

Consumer Defensive · GB · Market cap 7.0M GBX

MI Malvern International Plc MLVN · LSE
Price£0.2100
Fair Value£0.5300
Upside+152.4%
Quality55/100
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Mixed Growth
Loss-making · -8.5% net margin
Negative equity (buybacks among others) · generates free cash flow
Trails peers (4/11)
Narrow moat 24/100
Evidence: Medium Range £0.3600 – £0.7000 Share as image

Fair value as of: Jul 16, 2026

From 8 valuation models · updated 25 days ago

Share price +2.4% over the past month.

A solid business, screening 152% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (£0.3600). The market is more pessimistic than our downside scenario.
  • Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (£0.3600 to £0.7000) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

£5.18 £0.0781 Fair Value £0.5300 Oct 2018 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range £0.0781 – £5.18 · fair‑value band £0.3600 – £0.7000 · the £0.2100 price screens below the £0.5300 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Malvern International Plc (MLVN) currently trades at £0.2100, while our model-based Fair Value estimate is £0.5300, implying the stock looks roughly 152.4% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Consumer Defensive 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, Malvern International Plc generated revenue of £20.3M at a net margin of -8.5%. Revenue grew 18.9% year over year. Net debt stands at £1.3M. Fundamentals as of Jul 16, 2026

Our scenario range runs from £0.3600 (bear case) to £0.7000 (bull case); at £0.2100, 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 Consumer Defensive peers we cover trades at 17% fair-value upside, at 152%, MLVN 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 £0.4900 £0.7800 £1.27 80
Rev-Margin DCF £0.4600 £0.8600 £1.44 74
Gordon GGM £0.0200 £0.0300 £0.0400 70
All 8 models by family
DCF Models
FCF DCF £0.5200 £0.7500 £1.36 38
5Y Revenue Exit £0.4600 £0.8000 £1.45 39
10Y Revenue Exit £0.4600 £0.8500 £1.27 36
Dividend Discount
Gordon GGM £0.0200 £0.0300 £0.0400 70
DDM Multi-Stage £0.0200 £0.0300 £0.0300 61
Multiples
EV/Revenue £0.4200 £0.5900 £0.7600 43
Growth DCF
Growth DCF £0.4900 £0.7800 £1.27 80
Rev-Margin DCF £0.4600 £0.8600 £1.44 74

Widest divergence: DCF Models (£0.8000) versus Dividend Discount (£0.0300). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 20.3M GBX
Revenue growth (YoY) +18.9%
Net margin -8.5%
Return on equity -384%
Free cash flow 1.5M GBX FY2025
Operating margin 7.8%
More key figures
EPS growth (YoY) +171%
Net debt 1.3M GBX FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 55 · Market factors (momentum, volatility) 49

Profitability 50
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 32
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 44
Distance to the 52-week high (market factor)
Net Issuance 63
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

Malvern International Plc provides educational services in the United Kingdom. The company operates Malvern House London; Malvern House Manchester; Language in Action; and International Study Centers.

Full company description

Malvern International Plc provides educational services in the United Kingdom. The company operates Malvern House London; Malvern House Manchester; Language in Action; and International Study Centers. It also offers English language schools and juniors and summer camps programs; business and management, accounting and finance, humanities and social science, engineering and science, international year one, and in-sessional and pre-sessional courses; and bespoke group provision programs. In addition, the company provides teacher training and professional courses; and university pathway programs. The company was formerly known as AEC Education plc and changed its name to Malvern International Plc in September 2016. Malvern International Plc was incorporated in 2004 and is headquartered in London, the United Kingdom.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Malvern International Plc reported revenue of £20.3M in FY2025 versus £2.4M in FY2021, a compound +70.3%/yr. Reported net income was −£1.7M in FY2025.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
£20.3M
Latest YoY
+22.3%
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.
+46.2%
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.
+60.6%
Avg. growth/yr (23Y) 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.
+10.5%
Revenue +70.3%/yr
FY21 £2.4M
FY22 £6.5M
FY23 £12.3M
FY24 £16.6M
FY25 £20.3M
Net income
FY21 −£1.4M
FY22 −£1.0M
FY23 −£160K
FY24 −£151K
FY25 −£1.7M

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Cite: Fair Value Calculator (2026). "Malvern International Plc Fair Value". https://www.fairvalue-calculator.com/stock/MLVN

Peer Group

Education & Training Services · 148 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 55 · Below median
Fair Value upside +152% · Top 25%
Return on assets 2% · Below median
Net margin (TTM) -9% · Bottom 25%
Operating margin (TTM) 8% · Below median
Revenue growth 19% · Top 25%

Valuation Multiples vs Education & Training Services median · lower = cheaper

P/S (TTM) 0.47× · Cheaper than median
P/FCF 6.5× · Pricier than 75% of peers
EV/EBITDA 15.6× · Pricier 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 37
FUTURE 95 · sector 24
PAST 0 · sector 18
HEALTH 100 · sector 95
DIVIDEND 0 · sector 66

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

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 Education & Training Services stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
New Oriental Education & Technology Group EDUN 966.48 MXN 897.37 MXN -7%
TAL Education Group TAL $10.24 $15.60 +52%
Laureate Education, Inc LAUR $36.45 $41.45 +14%
Physicswallah Limited PWL ₹131.59 ₹14.81 -89%
Grand Canyon Education, Inc LOPE $149.00 $152.01 +2%
Covista Inc CVSA $116.22 $135.45 +17%
Stride, Inc LRN $83.39 $139.45 +67%
Universal Technical Institute, Inc UTI $40.33 $21.35 -47%
Perdoceo Education Corporation PRDO $31.66 $41.45 +31%
Strategic Education, Inc STRA $84.18 $105.48 +25%

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Frequently asked questions

Is Malvern International Plc (MLVN) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of £0.5300 versus a price of £0.2100, about +152% (undervalued).
What is the fair value of MLVN?
Our model-based fair value for Malvern International Plc is £0.5300 (as of Jul 16, 2026), built from audited fundamentals. The current price is £0.2100.
What is the quality score of MLVN?
Malvern International Plc has a Quality Score of 55/100. 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 Malvern International Plc (MLVN)?
Malvern International Plc reported trailing-twelve-month revenue of about £20.3M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of MLVN?
The net profit margin of Malvern International Plc is about -8.5%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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