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Mind Gym
(LSE:MIND)
Select Model
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Rating:41Neutral
Price Target:
7.00 p
▼(-3.45% Downside)
Action:Reiterated
Date:08/26/26
The score is held down primarily by weakening fundamentals—multi-year revenue decline, ongoing losses, and negative equity in 2026. Technicals also point to a persistent downtrend with bearish momentum. Valuation is not supportive because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Strong Gross Margins
Gross margins of roughly 82–88% indicate the service model retains substantial value after direct delivery costs. If Mind Gym restores demand, this margin structure could support operating leverage, although it has not yet translated into profit.
Negative Factors
Persistent Revenue Decline
A three-year revenue decline indicates shrinking client demand, reduced engagement volume, or weaker retention. Sustained top-line contraction limits the ability to absorb fixed costs and makes any margin recovery dependent on reversing the sales trend.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Gross Margins
Gross margins of roughly 82–88% indicate the service model retains substantial value after direct delivery costs. If Mind Gym restores demand, this margin structure could support operating leverage, although it has not yet translated into profit.
Read all positive factors
Mind Gym (MIND) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£7.27M
Dividend YieldN/A
Average Volume (3M)4.60K
Price to Earnings (P/E)―
Beta (1Y)0.58
Revenue Growth-22.55%
EPS Growth35.74%
CountryUK
Employees188
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)-0.05
Shares Outstanding100,409,540
10 Day Avg. Volume3,301
30 Day Avg. Volume4,604
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)-7.82
Price to Sales (P/S)0.42
P/FCF Ratio27.04
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)0.02
Revenue Forecast (FY)£35.65M
Mind Gym Business Overview & Revenue Model
Company Description
Mind Gym plc is a company rooted in behavioral science, operating across key international markets including the United Kingdom, Singapore, the United States, and Canada. Its service portfolio encompasses conducting research, offering strategic gu...
How the Company Makes Money
Mind Gym makes money primarily by selling corporate learning and development services to organizational clients. Key revenue streams include fees for delivering training programs (often facilitated workshops or sessions delivered to client teams),...
Mind Gym Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
27
Negative
Cash Flow
52
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 29.90M | 38.61M | 44.91M | 55.01M | 48.67M |
| Gross Profit | 24.61M | 33.44M | 38.72M | 48.65M | 42.38M |
| EBITDA | 619.00K | -3.56M | -9.20M | 5.35M | 1.25M |
| Net Income | -5.27M | -8.19M | -10.89M | 2.94M | 1.60M |
Balance Sheet | |||||
| Total Assets | 8.25M | 12.41M | 22.38M | 37.42M | 34.64M |
| Cash, Cash Equivalents and Short-Term Investments | 494.00K | 570.00K | 1.37M | 7.59M | 10.02M |
| Total Debt | 1.50M | 1.16M | 2.02M | 3.11M | 2.21M |
| Total Liabilities | 9.86M | 8.86M | 10.54M | 14.60M | 15.01M |
| Stockholders Equity | -1.60M | 3.55M | 11.84M | 22.81M | 19.63M |
Cash Flow | |||||
| Free Cash Flow | 464.00K | 431.00K | -4.90M | -1.50M | -5.79M |
| Operating Cash Flow | 500.00K | 1.93M | -665.00K | 3.63M | 352.00K |
| Investing Cash Flow | -787.00K | -1.50M | -4.20M | -5.07M | -6.13M |
| Financing Cash Flow | -590.00K | -1.10M | -1.26M | -1.32M | -1.20M |
Mind Gym Technical Analysis
Negative
7.25
Price Trends
8.69
Negative
9.84
Negative
11.25
Negative
Market Momentum
-0.35
Positive
<0.01
Positive
12.50
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MIND, the sentiment is Negative. The current price of 7.25 is below the 20-day moving average (MA) of 8.25, below the 50-day MA of 8.69, and below the 200-day MA of 11.25, indicating a bearish trend. The MACD of -0.35 indicates Positive momentum. The RSI at <0.01 is Positive, neither overbought nor oversold. The STOCH value of 12.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:MIND.
Mind Gym Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | £2.60B | 32.29 | 15.86% | 2.15% | 10.55% | -19.05% | |
69 Neutral | £2.52B | 16.85 | 17.55% | 1.87% | 1.20% | 221.80% | |
68 Neutral | £8.97B | 28.10 | 29.86% | 2.84% | 3.94% | -8.14% | |
64 Neutral | £465.44M | -4.82 | -12.70% | 7.63% | -0.86% | -481.50% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
42 Neutral | £335.98M | -1.68 | -677.10% | ― | -16.13% | -1315.87% | |
41 Neutral | £7.27M | -1.38 | 1698.71% | ― | -22.55% | 35.74% |
* Industrials Sector Average
GB:MIND
Mind Gym
7.25
-8.25
-53.23%
GB:CPI
Capita plc
280.50
35.50
14.49%
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Intertek
5,845.00
1,328.31
29.41%
GB:MTO
Mitie Group plc
208.60
72.80
53.61%
GB:RWS
RWS Holdings
125.40
42.14
50.61%
GB:SRP
Serco Group plc
259.00
41.41
19.03%
Mind Gym Corporate Events
Executive/Board ChangesShareholder Meetings
MindGym Withdraws AGM Resolution After Director Resignation
Neutral
Aug 14, 2026
MindGym plc has withdrawn the resolution to re-elect co-founder Octavius Black as a director from its 2026 Annual General Meeting agenda following his resignation from the board earlier this month. The move formalises the governance change while l...
Business Operations and StrategyExecutive/Board Changes
Mind Gym Co-Founder Octavius Black Steps Down as Executive Chair
Negative
Aug 3, 2026
Mind Gym plc has announced that co-founder and Executive Chair Octavius Black CBE is stepping down from the board with immediate effect due to ill health, ending a 26-year leadership tenure in which he guided the business from its 2000 founding to...
Business Operations and StrategyFinancial Disclosures
MindGym Returns to H2 Profit as It Shifts Toward Recurring Revenue Model
Positive
Jun 25, 2026
MindGym reported a 7% like-for-like revenue decline to £29.9m for the year to 31 March 2026 but returned to profitability in the second half as it continued a three-year shift from episodic training to recurring, licence-based behavioural-cha...
Business Operations and StrategyFinancial Disclosures
MindGym Sets Date to Publish Full-Year 2026 Results
Neutral
Jun 22, 2026
MindGym announced it will publish its financial results for the year ended 31 March 2026 on 25 June 2026, signalling an upcoming update for investors on trading performance and strategic progress. The scheduled release will give stakeholders great...
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.