AIM:MFX

Stock Analysis Report

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Market Cap

UK£8.3m

Last Updated

2021/08/02 22:48 UTC

Data Sources

Company Financials

Executive Summary

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


Snowflake Analysis

Undervalued with imperfect balance sheet.

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

Stable Share Price: MFX is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: MFX's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

0%

MFX

4.7%

GB Consumer Finance

0.9%

GB Market


1 Year Return

3.6%

MFX

56.4%

GB Consumer Finance

25.9%

GB Market

Return vs Industry: MFX underperformed the UK Consumer Finance industry which returned 56.4% over the past year.

Return vs Market: MFX underperformed the UK Market which returned 22.5% over the past year.


Shareholder returns

MFXIndustryMarket
7 Day0%4.7%0.9%
30 Day-9.4%11.7%1.6%
90 Day-9.4%28.7%6.5%
1 Year6.0%3.6%58.0%56.4%26.0%25.9%
3 Year-39.2%-40.6%-56.4%-59.6%25.0%24.9%
5 Year-17.5%-19.4%-71.0%-80.0%40.3%13.5%

Long-Term 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 (£0.07) is trading below our estimate of fair value (£0.24)

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 (4.5x) compared to the UK Consumer Finance industry average (17.9x).

PE vs Market: MFX is good value based on its PE Ratio (4.5x) compared to the UK market (23.5x).


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 (0.4x) compared to the GB Consumer Finance industry average (1.1x).


Future Growth

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

25.9%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Manx Financial Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

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

7.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MFX has a high level of non-cash earnings.

Growing Profit Margin: MFX's current net profit margins (12.2%) are lower than last year (13.4%).


Past Earnings Growth Analysis

Earnings Trend: MFX's earnings have grown by 7.5% 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 (-27.6%) over the past year, making it difficult to compare to the Consumer Finance industry average (-38.4%).


Return on Equity

High ROE: MFX's Return on Equity (8.8%) is considered low.


Financial Health

How is Manx Financial Group's financial position?


Financial Position Analysis

Short Term Liabilities: MFX's short term assets (£229.4M) exceed its short term liabilities (£220.2M).

Long Term Liabilities: MFX's short term assets (£229.4M) exceed its long term liabilities (£25.4M).


Debt to Equity History and Analysis

Debt Level: MFX's debt to equity ratio (99.1%) is considered high.

Reducing Debt: MFX's debt to equity ratio has increased from 65% to 99.1% over the past 5 years.

Debt Coverage: MFX's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if MFX's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

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

2.37%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MFX's dividend (2.37%) is higher than the bottom 25% of dividend payers in the UK market (1.32%).

High Dividend: MFX's dividend (2.37%) is low compared to the top 25% of dividend payers in the UK market (3.93%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether MFX's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if MFX's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (10.6%), MFX's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

11.6yrs

Average management tenure


CEO

Denham Hervey Eke (69 yo)

12.5yrs

Tenure

UK£43,750

Compensation

Mr. Denham Hervey Newall Eke serves as Investor Director of Beckley Psytech Limited. Mr. Eke serves as a Director of Juvenescence Ltd. and served as its Executive Director. Mr. Eke serves as the Chief Fina...


CEO Compensation Analysis

Compensation vs Market: Denham Hervey's total compensation ($USD60.81K) is below average for companies of similar size in the UK market ($USD324.01K).

Compensation vs Earnings: Denham Hervey's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: MFX's management team is seasoned and experienced (11.6 years average tenure).


Board Members

Experienced Board: MFX's board of directors are seasoned and experienced ( 12.5 years average tenure).


Ownership

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


Insider Trading Volume

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


Ownership Breakdown

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


Top Shareholders

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£8.274m
  • Shares outstanding: 114.13m
  • Website: https://www.mfg.im

Number of Employees


Location

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

Listings


Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/02 22:48
End of Day Share Price2021/08/02 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.