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Made Tech Group PLC (MTEC) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Made Tech Group PLC £0.38, price £0.53, upside -27.6%, quality 71 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
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Technology · GB · ISIN GB00BLGYDT21

MT Thin data Sep 23, 2026

Made Tech Group PLC

MTEC · LSE

Overvalued / MonitorQuality is not strong enough to offset the price risk.

!Fair value £0.3800 · Overvalued (−28%)
✓Quality 71/100
✓Healthy Growth (revenue 5y +53.4 %/yr)
!Thin margins · 3.5% net margin (TTM)
✓Low debt · generates free cash flow
!Trails peers (5/13)
!Narrow moat 42/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

£1.40 £0.0825 Fair Value £0.3800 Sep 2021 Sep 2026

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

60‑month range £0.0825 – £1.40 · fair‑value band £0.2700 – £0.5600 · the £0.5250 price screens above the £0.3800 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

Made Tech Group Plc, through its subsidiaries, engages in the provision of digital, data, and technology services to the public sector in the United Kingdom.

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Made Tech Group Plc, through its subsidiaries, engages in the provision of digital, data, and technology services to the public sector in the United Kingdom. It offers repairs, voids, evidence, Awaab's law, inspection scheduling, and repairs products; and data and AI, digital transformation, managed services, cloud and engineering, user-centered design, digital service delivery, and legacy application modernization services. The company serves central and local government, health and life sciences, national security and public safety, defense and space, transport, education, and housing industries. Made Tech Group Plc was founded in 2008 and is based in London, the United Kingdom.

Stock analysis

Made Tech Group PLC (MTEC) currently trades at £0.5250, while our model-based Fair Value estimate is £0.3800, implying the stock looks roughly 38.2% overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of £0.4600 per share, and 1 of the 24 models we run sit above the £0.5250 price.

Bear case: the Asset-Based group reads lowest at £0.0700, and 23 of the 24 models stay below the price. Evidence for this calculation is low.

Scenario range: £0.2700 (bear) to £0.5600 (bull), the price of £0.5250 sits inside 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 71/100 (solid quality), in the Technology sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

Made Tech Group PLC reported revenue of 46.4M GBX in FY2025 versus 13.3M GBX in FY2021, a compound +36.6%/yr. Reported net income was 1.4M GBX in FY2025.

Key figures

Market cap 83.3M GBX · P/E ratio 52.5 · P/S ratio 1.58 · EPS (TTM) £0.0100 · Net margin 3.0% · Return on equity 12.7% · Return on assets (EBIT) −7.8% · Operating margin 4.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).

What moves the price

The share trades at its 52-week high and 102% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at 66% fair-value upside, at −28%, MTEC screens richer than that median.

Fair Value models

Bear £0.2700 Fair Value £0.3800 Bull £0.5600
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. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (£0.0100 per share) are deliberately not added. 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.
Highest evidence
FCF DCF £0.3000 £0.4000 £0.6700 79
Growth DCF £0.2900 £0.4200 £0.6300 78
Owner Earnings £0.2300 £0.3800 £0.6500 74
All 24 models by family
DCF Models
FCF DCF £0.3000 £0.4000 £0.6700 79
Owner Earnings £0.2300 £0.3800 £0.6500 74
5Y Revenue Exit £0.2200 £0.3100 £0.5000 72
5Y EBITDA Exit £0.3000 £0.4700 £0.8000 73
5Y P/E Exit £0.2800 £0.5100 £0.8100 69
10Y Revenue Exit £0.2500 £0.4000 £0.4800 68
10Y EBITDA Exit £0.3000 £0.5500 £0.9700 66
10Y P/E Exit £0.2900 £0.5000 £0.8500 62
Earnings-Based
Graham-Dodd £0.0600 £0.4400 £0.6200 63
Lynch FV £0.2200 £0.3200 £0.4100 61
PEG = 1.0 £0.2200 £0.3200 £0.4100 57
EPV £0.1200 £0.1300 £0.1400 74
Multiples
P/E Multiple £0.2000 £0.2600 £0.3300 63
P/S Multiple £0.1200 £0.1600 £0.2000 58
P/B Multiple £0.1200 £0.1600 £0.2000 55
EV/EBIT £0.2800 £0.3500 £0.4100 66
EV/EBITDA £0.3000 £0.3800 £0.4600 67
EV/Revenue £0.1700 £0.2200 £0.2600 54
Asset-Based
NCAV (Graham) £0.0500 £0.0700 £0.1000 54
Growth DCF
Growth DCF £0.2900 £0.4200 £0.6300 78
Rev-Margin DCF £0.2400 £0.3500 £0.5800 71
Economic Profit
Residual Income £0.0800 £0.0800 £0.0900 71
ROIC Compounder £0.1400 £0.1700 £0.1900 72
Growth Earnings
Growth-Adj P/E £0.3200 £0.4600 £0.6000 67

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Quality Score breakdown

Overall quality 71/100

Of which business quality 72 · Market factors (momentum, volatility) 74

Profitability 63
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 68
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 44
Calm price path (market factor)
Momentum 83
Price trend over the last 3–12 months (market factor)
52W Momentum 94
Distance to the 52-week high (market factor)
Net Issuance 38
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+20.4%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+16.6%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+53.4%
Start year 2020 (pandemic)
Revenue growth 6 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+49.2%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+25.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+25.8%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 4%

Growth Forecast

Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
+22.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about +19.9% a year for the price.

MTEC screens 38% overvalued. Compare with International Business Machines Corporation →

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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.Information Technology Services · 497 stocks

Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score 71 · Top 25%
Fair Value upside −26% · Below median
Profitability
Return on equity (TTM) 13% · Above median
Return on assets 8% · Top 25%
Net margin (TTM) 4% · Below median
Operating margin (TTM) 4% · Below median
Growth and dividend
Revenue growth 28% · Top 25%

Valuation Multiplesvs Information Technology Services median · lower = cheaper

P/E (TTM) 52.5× · Priciest 25%
P/B 7.40× · Priciest 25%
P/S (TTM) 2.04× · Pricier than median
P/FCF 36.6× · Priciest 25%
EV/EBITDA 33.6× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 45
FUTURE (revenue growth)100 · sector 32
PAST (return on equity)51 · sector 36
HEALTH (low debt)100 · sector 97
DIVIDEND (yield)0 · sector 43

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $232.76 $188.22 −19%
Accenture plc ACN $183.52 $305.06 +66%
Tata Consultancy Services Limited TCS ₹2,090 ₹2,993 +43%
Infosys Limited INFY ₹1,021 ₹1,690 +66%
HCL Technologies Limited HCLTECH ₹1,257 ₹1,926 +53%
Fidelity National Information Services, Inc FIS $34.67 $32.47 −6%
Cognizant Technology Solutions Corporation CTSH $59.14 $132.01 +123%
Wipro Limited WIPRO ₹164.90 ₹287.90 +75%
Capgemini SE CAP €103.75 €223.90 +116%
CDW Corporation CDW $146.16 $162.00 +11%

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Cite: Fair Value Calculator (2026). "Made Tech Group PLC Fair Value". https://www.fairvalue-calculator.com/stock/MTEC

Frequently asked questions

Is Made Tech Group PLC (MTEC) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of £0.3800 versus a price of £0.5250, about −28% upside (overvalued).
What is the fair value of MTEC?
Our model-based fair value for Made Tech Group PLC is £0.3800 (as of Sep 23, 2026), built from audited fundamentals. The current price: £0.5250.
What is the quality score of MTEC?
Made Tech Group PLC has a Quality Score of 71/100. 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 Made Tech Group PLC (MTEC)?
Our model-based price target is the fair value of £0.3800 (as of Sep 23, 2026) from 24 valuation models. Cautious scenario £0.2700, optimistic scenario £0.5600. It is a calculation from audited fundamentals, not an analyst target.
What is the Made Tech Group PLC stock forecast for 2026?
Our models put fair value at £0.3800, about −28% upside versus a price of £0.5250 (overvalued). Cautious scenario £0.2700, optimistic scenario £0.5600. The calculation is refreshed regularly with new filings.
What is the revenue of Made Tech Group PLC (MTEC)?
Made Tech Group PLC reported trailing-twelve-month revenue of about £52.5M (latest available figure, as of Sep 23, 2026).
What growth is priced into Made Tech Group PLC (MTEC)?
For today's price to be fair in a discounted-cash-flow model, Made Tech Group PLC would have to grow free cash flow by +22.7 % per year for five years (discount rate 13.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +53.4 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of MTEC use?
Our models discount Made Tech Group PLC at 13.5 %: a base by market capitalisation (micro), damped by beta 1.06, 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 Made Tech Group PLC that is +22.7 % per year a year over ten years, using the same discount rate (13.5 %) and the same formula as our fair value.
How much growth has Made Tech Group PLC (MTEC) delivered so far?
Over the past 5 years revenue at Made Tech Group PLC grew +53.4 % a year. The price currently implies +22.7 % 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 Made Tech Group PLC (MTEC) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Made Tech Group PLC (+22.7 % 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 Made Tech Group PLC (MTEC)?
The free-cash-flow yield on the price is 3.51 %: that much free cash flow Made Tech Group PLC produces per unit of market value. When it exceeds the discount rate of our models (13.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Made Tech Group PLC (MTEC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Made Tech Group PLC it is £0.3800 per share (as of Sep 23, 2026), against a price of £0.5250. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Made Tech Group PLC stock overvalued or undervalued in 2026?
As of Sep 23, 2026, MTEC trades above its calculated fair value: price £0.5250, fair value £0.3800, a gap of about −28% (overvalued). 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 MTEC?
No. The price is what the market pays today (£0.5250); the fair value is what the company's own numbers justify (£0.3800). For Made Tech Group PLC the two are £0.1450 per share apart. That gap is exactly why we show both numbers side by side.
How much is Made Tech Group PLC worth?
The market values Made Tech Group PLC at about 83.3M GBX (market capitalisation, as of Sep 23, 2026). Per share that is £0.5250; our models calculate a fair value of £0.3800 per share.
What do the bullish and bearish scenarios say about MTEC?
Our models span a range for Made Tech Group PLC: cautious scenario £0.2700, base £0.3800, optimistic £0.5600 per share (as of Sep 23, 2026, price £0.5250). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MTEC?
Made Tech Group PLC trades at a price-to-earnings ratio of 52.5 (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 £0.3800 is built from several models across several years. Other multiples: P/B 7.4, P/S 2.0, EV/EBITDA 33.6.
How solid is the balance sheet of Made Tech Group PLC (MTEC)?
Balance-sheet figures for Made Tech Group PLC (as of Sep 23, 2026): return on equity 12.7%. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is MTEC from its 52-week high?
Made Tech Group PLC trades at £0.5250, at its 52-week high of £0.5250 and 102% above the low of £0.2600 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of £0.3800 is for.
Which stocks are comparable to Made Tech Group PLC?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 Made Tech Group PLC stock attractive at the current price?
The data as of Sep 23, 2026: price £0.5250, calculated fair value £0.3800 (−28%), Quality Score 71/100, from 24 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 MTEC calculated?
We run Made Tech Group PLC through 24 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 £0.3800, 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 13.0 % above its aggregate fair value. Made Tech Group PLC itself currently trades above fair value. 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 Made Tech Group PLC (MTEC)?
The closing price on Sep 24, 2026 was £0.5250. Our model-based fair value is £0.3800, about −28% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Made Tech Group PLC right now?
A high-quality business (quality 71/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. A fairly wide model range (£0.2700 to £0.5600) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Made Tech Group PLC

How large is the market capitalisation of Made Tech Group PLC (MTEC)?
The market capitalisation of Made Tech Group PLC is 83.3M 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 Made Tech Group PLC (MTEC)?
The price-to-sales ratio of Made Tech Group PLC is 1.58 (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 Made Tech Group PLC (MTEC)?
Earnings per share at Made Tech Group PLC are £0.0100 (price ÷ EPS = P/E 52.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Made Tech Group PLC (MTEC)?
The net margin of Made Tech Group PLC is 3.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Made Tech Group PLC (MTEC)?
The return on equity (ROE) of Made Tech Group PLC is 12.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Made Tech Group PLC (MTEC)?
On an EBIT basis the return on assets of Made Tech Group PLC is −7.8% (avg 5y). 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 Made Tech Group PLC (MTEC)?
The operating margin of Made Tech Group PLC is 4.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Made Tech Group PLC (MTEC)?
Revenue at Made Tech Group PLC is growing +27.8% versus a year earlier (3y avg +16.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Made Tech Group PLC (MTEC)?
Earnings per share at Made Tech Group PLC are growing +187% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Made Tech Group PLC (MTEC) hold?
Made Tech Group PLC holds more cash than debt, 9.3M GBX net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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