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Manx Financial
(LSE:MFX)
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Rating:68Neutral
Price Target:
25.00 p
▼(-1.96% Downside)
Action:Reiterated
Date:07/11/26
The score is supported primarily by attractive valuation (very low P/E and strong dividend yield) and a modestly constructive technical setup (price above major moving averages with neutral-positive momentum). Offsetting these positives, financial performance is capped by volatile cash flow and a sharp 2025 free cash flow contraction, alongside 2025 margin pressure and meaningful leverage on the balance sheet.
Positive Factors
Consistent Revenue Growth
Sustained revenue expansion over several years indicates continued growth in the lending business and customer activity rather than a single-period increase. Higher revenue provides a broader base for operating leverage, portfolio development, and future earnings generation if profitability stabilizes.
Negative Factors
Margin Compression
Broad-based margin deterioration across key profitability measures suggests that higher revenue is not translating proportionately into earnings. If costs or spread pressure persist, the company may have less capacity to convert lending growth into durable profit and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Revenue Growth
Sustained revenue expansion over several years indicates continued growth in the lending business and customer activity rather than a single-period increase. Higher revenue provides a broader base for operating leverage, portfolio development, and future earnings generation if profitability stabilizes.
Read all positive factors
Manx Financial (MFX) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£28.75M
Dividend Yield5.2%
Average Volume (3M)60.32K
Price to Earnings (P/E)5.2
Beta (1Y)0.94
Revenue Growth4.48%
EPS Growth-44.25%
CountryUK
Employees181
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.04
Shares Outstanding124,981,766
10 Day Avg. Volume82,072
30 Day Avg. Volume60,323
Financial Highlights & Ratios
PEG Ratio-0.23
Price to Book (P/B)0.77
Price to Sales (P/S)0.51
P/FCF Ratio22.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Manx Financial Business Overview & Revenue Model
Company Description
Manx Financial Group PLC, headquartered in Douglas, Isle of Man, offers a diverse array of financial services throughout the Isle of Man, the United Kingdom, and the Channel Islands. Established in 1935, and previously known as Conister Financial ...
How the Company Makes Money
Manx Financial primarily makes money through its banking and lending operations. The core revenue stream is net interest income: the group earns interest on loans and credit products it originates (such as consumer and/or business lending via Coni...
Manx Financial Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 67.67M | 65.55M | 57.54M | 46.01M | 32.48M | 24.71M |
| Gross Profit | 42.12M | 33.37M | 34.40M | 31.48M | 26.16M | 19.74M |
| EBITDA | 7.88M | 8.13M | 11.22M | 8.55M | 6.80M | 4.45M |
| Net Income | 5.41M | 6.39M | 8.10M | 5.29M | 4.33M | 2.79M |
Balance Sheet | ||||||
| Total Assets | 550.10M | 561.32M | 497.79M | 480.70M | 379.26M | 308.75M |
| Cash, Cash Equivalents and Short-Term Investments | 22.59M | 24.50M | 16.20M | 12.11M | 22.63M | 20.28M |
| Total Debt | 49.86M | 55.10M | 47.08M | 40.67M | 32.95M | 24.97M |
| Total Liabilities | 504.59M | 517.76M | 460.48M | 444.72M | 349.49M | 283.77M |
| Stockholders Equity | 45.48M | 43.55M | 37.26M | 34.94M | 29.58M | 24.93M |
Cash Flow | ||||||
| Free Cash Flow | 10.60M | 1.48M | 4.73M | 2.01M | -4.69M | 316.00K |
| Operating Cash Flow | 11.88M | 2.32M | 6.33M | 5.54M | -2.72M | 2.91M |
| Investing Cash Flow | -45.99M | -46.89M | -2.48M | -111.66M | -2.17M | -17.78M |
| Financing Cash Flow | 32.42M | 52.67M | 244.00K | 95.60M | 7.24M | 1.10M |
Manx Financial Technical Analysis
Negative
25.50
Price Trends
24.31
Negative
24.63
Negative
24.85
Negative
Market Momentum
-0.44
Positive
29.28
Positive
54.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MFX, the sentiment is Negative. The current price of 25.5 is above the 20-day moving average (MA) of 23.83, above the 50-day MA of 24.31, and above the 200-day MA of 24.85, indicating a bearish trend. The MACD of -0.44 indicates Positive momentum. The RSI at 29.28 is Positive, neither overbought nor oversold. The STOCH value of 54.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:MFX.
Manx Financial Peers Comparison
UnderperformOutperform
Sector (68)
GB:MFX
Manx Financial
23.00
-3.94
-14.62%
GB:ARBB
Arbuthnot Banking
795.00
-61.84
-7.22%
GB:ECP
Eight Capital Partners PLC
52.50
-42.50
-44.74%
GB:BANK
Immedia
3.00
-8.25
-73.33%
GB:ZOYO
Honye Financial Services Ltd
60.00
35.00
140.00%
GB:DFCH
Distribution Finance Capital Holdings Plc
74.40
20.40
37.78%
Manx Financial Corporate Events
Business Operations and StrategyExecutive/Board Changes
Manx Financial Grants Long-Term RSU Awards to Senior Management
Positive
Sep 30, 2026
Manx Financial Group PLC has approved the grant of 929,792 Restricted Stock Units to selected executives and senior management under its 2022 RSU plan. The awards, decided independently by the Remuneration Committee, are designed to retain and inc...
Business Operations and StrategyFinancial Disclosures
Manx Financial posts resilient H1 results as loan book hits record and AI investment ramps up
Positive
Sep 21, 2026
Manx Financial Group reported unaudited interim results for the six months to 30 June 2026 that showed operating income rising to £19.7 million and the loan book reaching a record £422.9 million. Profit before tax fell to £3.4 milli...
Business Operations and StrategyFinancial Disclosures
Manx Financial merges UK finance units into Triskel Finance to boost earnings
Positive
Sep 17, 2026
Manx Financial Group PLC has begun merging three UK finance subsidiaries of Manx Ventures Limited—The Business Lending Exchange Limited, Manx Collections Limited and Blue Star Business Solutions Limited—into a single entity that will t...
DividendsRegulatory Filings and Compliance
Manx Financial clarifies director stakes after share issues
Neutral
Sep 15, 2026
Manx Financial Group PLC has updated the market on director and PDMR shareholdings following the recent scrip dividend and bonus issue. After issuing 591,740 new ordinary shares under the scrip dividend and 1,439,301 additional shares via the bonu...
Business Operations and StrategyFinancial DisclosuresProduct-Related Announcements
Manx Financial lifts lending, expands fintech offering in H1 2026
Positive
Sep 4, 2026
Manx Financial Group reported strong operational momentum in the first half of 2026, driven by disciplined lending growth at Conister Bank, expanding volumes and partnerships at Payment Assist, and steady progress at Manx Ventures. Conister Bank i...
DividendsRegulatory Filings and Compliance
Manx Financial boosts share capital with scrip dividend and bonus issue
Positive
Aug 10, 2026
Manx Financial Group has issued 591,740 new ordinary shares under its scrip dividend alternative and 1,439,301 new bonus shares to qualifying shareholders, all to be admitted to trading on AIM on 20 August 2026. The new shares will rank pari passu...
Business Operations and StrategyDividendsShareholder Meetings
Manx Financial sets terms for 2025 scrip dividend and bonus share issue
Positive
Jul 17, 2026
Manx Financial Group PLC has set the share price for its 2025 scrip dividend and associated bonus issue at 22.1983 pence per share following shareholder approval at its June annual general meeting. The scrip dividend of 0.5197 pence per ordinary s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.