AIM:MAB1

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Mortgage Advice Bureau (Holdings)

Executive Summary

Mortgage Advice Bureau (Holdings) PLC, through its subsidiaries, provides mortgage advice in the United Kingdom.


Snowflake Analysis

Proven track record with moderate growth potential.


Similar Companies

Share Price & News

How has Mortgage Advice Bureau (Holdings)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MAB1's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.2%

MAB1

2.1%

GB Mortgage

0.1%

GB Market


1 Year Return

-0.5%

MAB1

-13.8%

GB Mortgage

-15.3%

GB Market

Return vs Industry: MAB1 exceeded the UK Mortgage industry which returned -13.8% over the past year.

Return vs Market: MAB1 exceeded the UK Market which returned -15.3% over the past year.


Shareholder returns

MAB1IndustryMarket
7 Day0.2%2.1%0.1%
30 Day0.5%-5.7%-4.6%
90 Day22.9%13.5%13.1%
1 Year2.8%-0.5%-12.6%-13.8%-11.4%-15.3%
3 Year63.4%46.3%-3.3%-9.1%-3.4%-15.2%
5 Year200.5%140.6%2.2%-11.4%15.4%-10.3%

Price Volatility Vs. Market

How volatile is Mortgage Advice Bureau (Holdings)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Mortgage Advice Bureau (Holdings) undervalued compared to its fair value and its price relative to the market?

21.52x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MAB1 (£6.07) is trading above our estimate of fair value (£4.59)

Significantly Below Fair Value: MAB1 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MAB1 is poor value based on its PE Ratio (21.5x) compared to the Mortgage industry average (7.8x).

PE vs Market: MAB1 is poor value based on its PE Ratio (21.5x) compared to the UK market (15x).


Price to Earnings Growth Ratio

PEG Ratio: MAB1 is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: MAB1 is overvalued based on its PB Ratio (12.2x) compared to the GB Mortgage industry average (0.8x).


Next Steps

Future Growth

How is Mortgage Advice Bureau (Holdings) forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

16.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAB1's forecast earnings growth (16.2% per year) is above the savings rate (1.2%).

Earnings vs Market: MAB1's earnings (16.2% per year) are forecast to grow slower than the UK market (21.2% per year).

High Growth Earnings: MAB1's earnings are forecast to grow, but not significantly.

Revenue vs Market: MAB1's revenue (9.1% per year) is forecast to grow faster than the UK market (3.4% per year).

High Growth Revenue: MAB1's revenue (9.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MAB1's Return on Equity is forecast to be very high in 3 years time (44%).


Next Steps

Past Performance

How has Mortgage Advice Bureau (Holdings) performed over the past 5 years?

14.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAB1 has high quality earnings.

Growing Profit Margin: MAB1's current net profit margins (10.1%) are lower than last year (10.7%).


Past Earnings Growth Analysis

Earnings Trend: MAB1's earnings have grown by 14.8% per year over the past 5 years.

Accelerating Growth: MAB1's earnings growth over the past year (9.9%) is below its 5-year average (14.8% per year).

Earnings vs Industry: MAB1 earnings growth over the past year (9.9%) exceeded the Mortgage industry -10.3%.


Return on Equity

High ROE: MAB1's Return on Equity (54.2%) is considered outstanding.


Next Steps

Financial Health

How is Mortgage Advice Bureau (Holdings)'s financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: MAB1's Assets to Equity ratio (2.2x) is low.

Allowance for Bad Loans: Insufficient data to determine if MAB1 has a sufficient allowance for bad loans.

Low Risk Liabilities: MAB1 reports no customer deposits, 100% of its liabilities are made up of higher risk sources of funding.

Loan Level: Insufficient data to determine if MAB1 has an appropriate level of Loans to Assets ratio.

Low Risk Deposits: MAB1 reports no customer deposits, loans are made up entirely of externally borrowed funds.

Level of Bad Loans: Insufficient data to determine if MAB1 has an appropriate level of bad loans.


Next Steps

Dividend

What is Mortgage Advice Bureau (Holdings) current dividend yield, its reliability and sustainability?

2.88%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MAB1's dividend (2.88%) is higher than the bottom 25% of dividend payers in the UK market (1.99%).

High Dividend: MAB1's dividend (2.88%) is low compared to the top 25% of dividend payers in the UK market (5.55%).


Stability and Growth of Payments

Stable Dividend: MAB1 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: MAB1's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (62.1%), MAB1's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MAB1's dividends in 3 years are forecast to be covered by earnings (75.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.6yrs

Average management tenure


CEO

Peter Christopher Brodnicki (57yo)

no data

Tenure

UK£498,834

Compensation

Mr. Peter Christopher Steven Brodnicki serves as the Chief Executive Officer of Mortgage Advice Bureau (Holdings) PLC and serves as its Executive Director. 


CEO Compensation Analysis

Compensation vs Market: Peter Christopher's total compensation ($USD0.00) is below average for companies of similar size in the UK market ($USD920.08K).

Compensation vs Earnings: Peter Christopher's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Peter Christopher Brodnicki
Founderno dataUK£498.83k26.89% £85.0m
Lucy Tilley
CFO, Secretary & Executive Director5.17yrsUK£291.55k0.034% £108.2k
Benjamin Thompson
Deputy CEO & Director2.08yrsUK£181.49k0.23% £717.2k
Sharon Trinder
Compliance Director4.5yrsno datano data
Gemma Bacon
Head of Marketing4.75yrsno datano data
Don MacPherson
Chief Commercial Officerno datano datano data

4.6yrs

Average Tenure

51yo

Average Age

Experienced Management: MAB1's management team is considered experienced (4.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Peter Christopher Brodnicki
Founderno dataUK£498.83k26.89% £85.0m
Lucy Tilley
CFO, Secretary & Executive Director5.17yrsUK£291.55k0.034% £108.2k
Benjamin Thompson
Deputy CEO & Director2.08yrsUK£181.49k0.23% £717.2k
Katherine Christina Mary Ker
Non-Executive Chairman5.75yrsUK£74.00k0.025% £80.3k
David Preece
Non-Executive Directorno dataUK£295.56k2.93% £9.3m
Nathan James Imlach
Senior Independent Non-Executive Directorno dataUK£38.30k0.065% £204.4k
Stephen Charles Smith
Independent Non-Executive Director2.5yrsUK£31.06kno data

3.8yrs

Average Tenure

57yo

Average Age

Experienced Board: MAB1's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MAB1 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Mortgage Advice Bureau (Holdings) plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mortgage Advice Bureau (Holdings) plc
  • Ticker: MAB1
  • Exchange: AIM
  • Founded: 2000
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: UK£316.027m
  • Shares outstanding: 52.06m
  • Website: https://www.mortgageadvicebureau.com

Number of Employees


Location

  • Mortgage Advice Bureau (Holdings) plc
  • Capital House
  • Pride Place
  • Derby
  • Derbyshire
  • DE24 8QR
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MAB1AIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPNov 2014

Biography

Mortgage Advice Bureau (Holdings) PLC, through its subsidiaries, provides mortgage advice in the United Kingdom. It provides advice on approximately 12,000 residential and buy-to-let mortgage products through mortgage intermediaries. The company offers its services face to face and telephone for customers. It also provides advice on protection and general insurance products. The company was incorporated in 2000 and is based in Derby, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/05 20:51
End of Day Share Price2020/07/03 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.