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Made Tech Group (MTEC) Fair Value & Analysis

Technology · GB · Market cap 54.9M GBX

MT Made Tech Group MTEC · LSE
Price£0.3700
Fair Value£0.1900
Upside-48.6%
Quality71/100
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Healthy Growth
Thin margins · 3.5% net margin
Low debt · generates free cash flow
Trails peers (5/13)
Narrow moat 42/100
Evidence: High Range £0.1400 – £0.2300 Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from £0.2100 to £0.1900 (−9.5%) since Jun 24, 2026. Share price −2.7% over the past month.

A solid business, but screening 49% overvalued on our models.

What matters 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.
  • The price sits above even our optimistic bull case (£0.2300). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

£1.46 £0.0860 Fair Value £0.1900 Sep 2021 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

58‑month range £0.0860 – £1.46 · fair‑value band £0.1400 – £0.2300 · the £0.3700 price screens above the £0.1900 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

Made Tech Group (MTEC) currently trades at £0.3700, while our model-based Fair Value estimate is £0.1900, implying the stock looks roughly 48.6% overvalued today. The Quality Score stands at 71/100 (solid quality), in the Technology 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, Made Tech Group generated revenue of £52.5M at a net margin of 3.5%. Revenue grew 27.8% year over year. It earns a return on equity of 12.7%. The balance sheet holds a net cash position of £9.3M. Fundamentals as of Jul 16, 2026

Our scenario range runs from £0.1400 (bear case) to £0.2300 (bull case); at £0.3700, the current price sits above 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 Technology peers we cover trades at -25% fair-value upside, at -49%, MTEC screens richer 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 £0.2900 £0.4200 £0.6300 80
Residual Income £0.0800 £0.0800 £0.0900 76
Rev-Margin DCF £0.2400 £0.3500 £0.5800 74
All 26 models by family
DCF Models
FCF DCF £0.3000 £0.4000 £0.6700 38
Owner Earnings £0.2300 £0.3800 £0.6500 31
5Y Revenue Exit £0.2200 £0.3100 £0.4900 39
5Y EBITDA Exit £0.2600 £0.3900 £0.6300 41
5Y P/E Exit £0.2400 £0.4100 £0.6400 38
10Y Revenue Exit £0.2500 £0.4000 £0.4800 36
10Y EBITDA Exit £0.2800 £0.4700 £0.7900 37
10Y P/E Exit £0.2600 £0.4400 £0.7000 35
Earnings-Based
Graham-Dodd £0.0600 £0.4400 £0.6200 54
Lynch FV £0.2200 £0.3200 £0.4100 50
PEG = 1.0 £0.2200 £0.3200 £0.4100 46
EPV £0.1200 £0.1300 £0.1400 59
Dividend Discount
Gordon GGM £0.0500 £0.0900 £0.1200 70
DDM Multi-Stage £0.0500 £0.0900 £0.1000 61
Multiples
P/E Multiple £0.1400 £0.1900 £0.2300 63
P/S Multiple £0.1200 £0.1600 £0.2000 58
P/B Multiple £0.1200 £0.1600 £0.2000 55
EV/EBIT £0.2200 £0.2800 £0.3300 53
EV/EBITDA £0.2400 £0.3000 £0.3500 54
EV/Revenue £0.1700 £0.2200 £0.2600 43
Asset-Based
NCAV (Graham) £0.0500 £0.0700 £0.1000 50
Growth DCF
Growth DCF £0.2900 £0.4200 £0.6300 80
Rev-Margin DCF £0.2400 £0.3500 £0.5800 74
Economic Profit
Residual Income £0.0800 £0.0800 £0.0900 76
ROIC Compounder £0.1400 £0.1700 £0.1900 72
Growth Earnings
Growth-Adj P/E £0.2900 £0.4100 £0.5300 68

Widest divergence: Growth Earnings (£0.4100) versus Asset-Based (£0.0700). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 52.5M GBX
Revenue growth (YoY) +27.8%
Net margin 3.5%
Return on equity 12.7%
Free cash flow 2.9M GBX FY2025
P/E ratio 36.8
More key figures
Operating margin 4.2%
EPS (TTM) £0.0100
EPS growth (YoY) +187%
Net cash 9.3M GBX FY2025

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

Quality Score breakdown

Overall quality 71/100

Of which business quality 72 · Market factors (momentum, volatility) 37

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 32
Price trend over the last 3–12 months (market factor)
52W Momentum 37
Distance to the 52-week high (market factor)
Net Issuance 38
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
£46.4M
Latest YoY
+20.4%
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.
+16.6%
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.
+53.4%
Avg. growth/yr (6Y) 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.
+49.2%
Revenue +36.6%/yr
FY21 £13.3M
FY22 £29.3M
FY23 £40.2M
FY24 £38.6M
FY25 £46.4M
Net income
FY21 −£781K
FY22 −£308K
FY23 −£1.6M
FY24 −£2.5M
FY25 £1.4M

MTEC screens 49% overvalued. Compare with International Business Machines Corporation →

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

Peer Group

Information Technology Services · 476 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 71 · Top 25%
Fair Value upside −49% · Below median
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
Revenue growth 28% · Top 25%

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 36.8× · Pricier than 75% of peers
P/B 5.12× · Pricier than 75% of peers
P/S (TTM) 1.41× · Pricier than median
P/FCF 25.3× · Pricier than 75% of peers
EV/EBITDA 22.1× · 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 0 · sector 21
FUTURE 100 · sector 30
PAST 51 · sector 36
HEALTH 100 · sector 97
DIVIDEND 0 · sector 37

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

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 Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is Made Tech Group (MTEC) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of £0.1900 versus a price of £0.3700, about −49% (overvalued).
What is the fair value of MTEC?
Our model-based fair value for Made Tech Group is £0.1900 (as of Jul 16, 2026), built from audited fundamentals. The current price is £0.3700.
What is the quality score of MTEC?
Made Tech Group 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 revenue of Made Tech Group (MTEC)?
Made Tech Group reported trailing-twelve-month revenue of about £52.5M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of MTEC?
The net profit margin of Made Tech Group is about 3.5%, meaning it keeps roughly 3.5% of revenue as net income. 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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