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Manx Financial
(LSE:MFX)
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Rating:68Neutral
Price Target:
28.00 p
▲(9.80% Upside)
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 top-line growth across 2023–2025 indicates durable customer demand and successful lending expansion. A rising revenue base supports long-term earnings resilience, enabling investment in distribution and product development even if margins fluctuate.
Negative Factors
Elevated and rising leverage
A debt-to-equity ratio persistently above ~1x and trending higher increases financial risk and amplifies earnings volatility. Higher leverage reduces capital flexibility, raises funding cost sensitivity, and makes the franchise more vulnerable to deteriorating credit or tightening liquidity conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth
Sustained top-line growth across 2023–2025 indicates durable customer demand and successful lending expansion. A rising revenue base supports long-term earnings resilience, enabling investment in distribution and product development even if margins fluctuate.
Read all positive factors
Manx Financial (MFX) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£31.87M
Dividend Yield4.69%
Average Volume (3M)43.25K
Price to Earnings (P/E)4.8
Beta (1Y)0.93
Revenue Growth1.47%
EPS Growth-22.42%
CountryUK
Employees181
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.05
Shares Outstanding124,981,766
10 Day Avg. Volume55,899
30 Day Avg. Volume43,250
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 (1) net interest income—earning interest on loans and other interest-bearing assets originated/held by the group (principally via Conister Bank) and paying interest on customer deposits and other fundin...
Manx Financial Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
46
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 65.55M | 57.54M | 46.01M | 32.48M | 24.71M |
| Gross Profit | 33.37M | 34.40M | 31.48M | 26.16M | 19.74M |
| EBITDA | 8.13M | 11.22M | 8.55M | 6.80M | 4.45M |
| Net Income | 6.39M | 8.10M | 5.29M | 4.33M | 2.79M |
Balance Sheet | |||||
| Total Assets | 561.32M | 497.79M | 480.70M | 379.26M | 308.75M |
| Cash, Cash Equivalents and Short-Term Investments | 24.50M | 16.20M | 12.11M | 22.63M | 20.28M |
| Total Debt | 55.10M | 47.08M | 40.67M | 32.95M | 24.97M |
| Total Liabilities | 517.76M | 460.48M | 444.72M | 349.49M | 283.77M |
| Stockholders Equity | 43.55M | 37.26M | 34.94M | 29.58M | 24.93M |
Cash Flow | |||||
| Free Cash Flow | 1.48M | 4.73M | 2.01M | -4.69M | 316.00K |
| Operating Cash Flow | 2.32M | 6.33M | 5.54M | -2.72M | 2.91M |
| Investing Cash Flow | -46.89M | -2.48M | -111.66M | -2.17M | -17.78M |
| Financing Cash Flow | 52.67M | 244.00K | 95.60M | 7.24M | 1.10M |
Manx Financial Technical Analysis
Positive
25.50
Price Trends
25.26
Positive
25.01
Positive
25.24
Positive
Market Momentum
-0.04
Positive
59.64
Neutral
43.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MFX, the sentiment is Positive. The current price of 25.5 is above the 20-day moving average (MA) of 24.73, above the 50-day MA of 25.26, and above the 200-day MA of 25.24, indicating a bullish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 59.64 is Neutral, neither overbought nor oversold. The STOCH value of 43.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:MFX.
Manx Financial Peers Comparison
UnderperformOutperform
Sector (68)
GB:MFX
Manx Financial
25.50
-5.69
-18.25%
GB:ARBB
Arbuthnot Banking
800.00
-201.99
-20.16%
GB:ECP
Eight Capital Partners PLC
52.50
-32.50
-38.24%
GB:BANK
Immedia
4.00
-10.25
-71.93%
GB:ZOYO
Honye Financial Services Ltd
47.50
22.50
90.00%
GB:DFCH
Distribution Finance Capital Holdings Plc
73.00
26.00
55.32%
Manx Financial Corporate Events
Business Operations and Strategy
Manx Financial accelerates AI rollout in strategic SME banking push
Positive
Jun 18, 2026
Manx Financial Group, a diversified banking and financial services provider focused on SME lending in the Isle of Man and the UK, continues to expand its portfolio of entrepreneurial subsidiaries. The group leverages its dual banking licences and ...
Business Operations and StrategyDividendsShareholder Meetings
Manx Financial Wins AGM Backing and Declares Share-Based 2025 Dividend
Positive
Jun 18, 2026
Manx Financial Group reported that all resolutions were approved at its latest annual general meeting, reinforcing shareholder support for the board and its current strategy. The AIM-quoted lender continues to leverage its SME-focused model and mu...
Other
Manx Financial CEO Shifts 850,000 Shares Into Personal Pension Scheme
Neutral
May 28, 2026
Manx Financial Group PLC has disclosed that chief executive Douglas Grant has transferred 850,000 ordinary shares from his personal holdings into the Doonhamer Personal Pension Scheme, a self-invested pension of which he is the sole member and ben...
Business Operations and Strategy
Manx Financial to Court Investors with MelloLondon Presentation
Positive
May 26, 2026
Manx Financial Group PLC, a diversified banking and financial services provider operating in the Isle of Man and the UK, concentrates on flexible SME lending supported by its dual banking licences. Through Manx Ventures Limited, the group manages ...
Business Operations and StrategyFinancial Disclosures
Manx Financial’s Payment Assist Surpasses £1bn in Motorist Transactions
Positive
May 22, 2026
Manx Financial Group’s subsidiary Payment Assist, which provides interest-free finance for motorists’ essential repairs and servicing, has reached £1 billion in customer transactions since its launch in 2013. Operating with over 8...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Manx Financial Sets Date and Publishes Documents for 2026 AGM
Neutral
May 22, 2026
Manx Financial Group has scheduled its 2026 Annual General Meeting for 18 June 2026 at the Claremont Hotel in Douglas, Isle of Man, and has circulated the AGM notice, proxy forms and statutory accounts for the year ended 31 December 2025 to shareh...
Business Operations and StrategyDividendsFinancial Disclosures
Manx Financial grows balance sheet and dividends despite profit dip
Positive
May 18, 2026
Manx Financial Group, a diversified SME-focused banking and financial services provider with operations in the Isle of Man and UK, reported solid balance sheet growth and resilient underlying performance for 2025. The group continues to build valu...
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.