AIM:MFX

Stock Analysis Report

Executive Summary

Manx Financial Group PLC, through its subsidiaries, provides asset and personal finance, prepaid cards, and investment and wealth management services in the Isle of Man, the United Kingdom, and the Channel Island.

Snowflake

Fundamentals

Undervalued with limited growth.

Share Price & News

How has Manx Financial Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

4.3%

MFX

1.9%

GB Consumer Finance

-0.4%

GB Market


1 Year Return

-16.3%

MFX

-41.3%

GB Consumer Finance

2.9%

GB Market

Return vs Industry: MFX exceeded the UK Consumer Finance industry which returned -41.3% over the past year.

Return vs Market: MFX underperformed the UK Market which returned 2.9% over the past year.


Shareholder returns

MFXIndustryMarket
7 Day4.3%1.9%-0.4%
30 Day1.4%-0.5%-1.4%
90 Day2.9%-13.5%-2.1%
1 Year-16.3%-16.3%-39.0%-41.3%8.0%2.9%
3 Year24.1%24.1%-63.0%-73.6%18.0%3.6%
5 Year-30.8%-30.8%-52.9%-68.8%35.8%6.4%

Price Volatility Vs. Market

How volatile is Manx Financial Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Manx Financial Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MFX (£0.09) is trading below our estimate of fair value (£0.23)

Significantly Below Fair Value: MFX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MFX is good value based on its PE Ratio (4.8x) compared to the Consumer Finance industry average (11x).

PE vs Market: MFX is good value based on its PE Ratio (4.8x) compared to the UK market (16.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MFX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MFX is good value based on its PB Ratio (0.6x) compared to the GB Consumer Finance industry average (1.5x).


Next Steps

Future Growth

How is Manx Financial Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MFX's forecast earnings growth (17.7% per year) is above the savings rate (1.2%).

Earnings vs Market: MFX's earnings (17.7% per year) are forecast to grow faster than the UK market (12.6% per year).

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

Revenue vs Market: Insufficient data to determine if MFX's revenue is forecast to grow faster than the UK market.

High Growth Revenue: Insufficient data to determine if MFX's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MFX's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Manx Financial Group performed over the past 5 years?

11.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MFX's earnings have grown by 11.1% per year over the past 5 years.

Accelerating Growth: MFX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MFX had negative earnings growth (-13.7%) over the past year, making it difficult to compare to the Consumer Finance industry average (7.8%).


Return on Equity

High ROE: MFX's Return on Equity (11.8%) is considered low.


Return on Assets

ROA vs Industry: MFX's Return on Assets is below or equal to the Consumer Finance industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate MFX's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Manx Financial Group'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

Inventory Level: MFX has a low level of unsold assets or inventory.

Debt Coverage by Assets: MFX's debt is covered by short term assets (assets are 13.175350x debt).


Financial Institutions Analysis

Asset Level: MFX's level of assets compared to its equity is moderate.

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

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

Loan Level: Insufficient data to determine if MFX has an acceptable proportion of non-loan assets held.

Low Risk Deposits: MFX has advanced significantly more loans than the customer deposits it holds.

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


Next Steps

Dividend

What is Manx Financial Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.4%industryaverage5.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate MFX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MFX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if MFX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MFX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MFX's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

What is the CEO of Manx Financial Group's salary, the management and board of directors tenure and is there insider trading?

9.8yrs

Average management tenure


CEO

Denham Hervey Eke (67yo)

10.7yrs

Tenure

UK£25,000

Compensation

Mr. Denham Hervey Newall Eke is the Chief Financial Officer and Director of SalvaRx Group plc since January 8, 2019. He serves as the Chief Financial Officer at Solfotara Mining Corporation. Mr. Eke serves ...


CEO Compensation Analysis

Compensation vs. Market: Denham Hervey's total compensation ($USD32.45K) is too low to compare against companies of similar size in the UK market ($USD320.52K).

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


Management Age and Tenure

9.8yrs

Average Tenure

58yo

Average Age

Experienced Management: MFX's management team is seasoned and experienced (9.8 years average tenure).


Board Age and Tenure

10.7yrs

Average Tenure

63yo

Average Age

Experienced Board: MFX's board of directors are seasoned and experienced ( 10.7 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Jim Mellon (62yo)

    Executive Chairman

    • Tenure: 10.7yrs
    • Compensation: UK£25.00k
  • Denham Hervey Eke (67yo)

    CEO & Director

    • Tenure: 10.7yrs
    • Compensation: UK£25.00k
  • Douglas Grant (54yo)

    Group Finance Director & Executive Director

    • Tenure: 9.8yrs
    • Compensation: UK£260.60k
  • Rachel Bradley (33yo)

    Company Secretary

    • Tenure: 1.3yrs

Board Members

  • Greg Bailey (63yo)

    Non-Executive Director

    • Tenure: 1.7yrs
    • Compensation: UK£22.40k
  • Jim Mellon (62yo)

    Executive Chairman

    • Tenure: 10.7yrs
    • Compensation: UK£25.00k
  • Denham Hervey Eke (67yo)

    CEO & Director

    • Tenure: 10.7yrs
    • Compensation: UK£25.00k
  • Alan Clarke (68yo)

    Independent Non Executive Director

    • Tenure: 11.9yrs
    • Compensation: UK£42.92k
  • David Gibson (71yo)

    Independent Non-Executive Director

    • Tenure: 10.7yrs
    • Compensation: UK£25.00k
  • Douglas Grant (54yo)

    Group Finance Director & Executive Director

    • Tenure: 9.8yrs
    • Compensation: UK£260.60k
  • John Banks (50yo)

    Non-Executive Director

    • Tenure: 5.2yrs
    • Compensation: UK£25.00k

Company Information

Manx Financial Group PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Manx Financial Group PLC
  • Ticker: MFX
  • Exchange: AIM
  • Founded: 1935
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: UK£11.799m
  • Shares outstanding: 131.10m
  • Website: https://www.mfg.im

Number of Employees


Location

  • Manx Financial Group PLC
  • Clarendon House
  • Victoria Street
  • Douglas
  • IM1 2LN
  • Isle of Man

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MFXAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJan 1992
3IMDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992

Biography

Manx Financial Group PLC, through its subsidiaries, provides asset and personal finance, prepaid cards, and investment and wealth management services in the Isle of Man, the United Kingdom, and the Channel ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 21:08
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.