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Manx Financial Group

DB:3IM
Snowflake Description

Undervalued with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3IM
DB
£9M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

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. The last earnings update was 186 days ago. More info.


Add to Portfolio Compare Print
  • Manx Financial Group has significant price volatility in the past 3 months.
3IM Share Price and Events
7 Day Returns
10.8%
DB:3IM
6%
Europe Consumer Finance
7.3%
DE Market
1 Year Returns
-21.8%
DB:3IM
-48.3%
Europe Consumer Finance
-17.7%
DE Market
3IM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Manx Financial Group (3IM) 10.8% -31.8% -21.3% -21.8% -36.1% -52.5%
Europe Consumer Finance 6% -34.5% -40.3% -48.3% -64.4% -63.3%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • 3IM outperformed the Consumer Finance industry which returned -48.3% over the past year.
  • 3IM underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
3IM
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Manx Financial Group's competitors could be found in our database.

Value

 Is Manx Financial Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Manx Financial Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Manx Financial Group.

DB:3IM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= £0.14 * 14.1%
£0.02
Book Value of Equity per Share Median Book Value from the past 5 years. £0.14
Discount Rate (Cost of Equity) See below 6.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:3IM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.586 (1 + (1- 21%) (181.52%))
1.285
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.28
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.285 * 5.44%)
6.6%

Discounted Cash Flow Calculation for DB:3IM using Excess Returns Model Model

The calculations below outline how an intrinsic value for Manx Financial Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:3IM Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (14.1% – 6.6%) * £0.14)
£0.01
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.01 / (6.6% - -0.39%)
£0.15
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £0.14 + £0.15
£0.28
DB:3IM Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:3IM represents 0.95x of AIM:MFX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.95x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 0.28 x 0.95
€0.27
Value per share (EUR) From above. €0.27
Current discount Discount to share price of €0.07
= -1 x (€0.07 - €0.27) / €0.27
75.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Manx Financial Group is available for.
Intrinsic value
>50%
Share price is €0.0665 vs Future cash flow value of €0.26973
Current Discount Checks
For Manx Financial Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Manx Financial Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Manx Financial Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Manx Financial Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Manx Financial Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:3IM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £0.02
AIM:MFX Share Price ** AIM (2020-03-30) in GBP £0.07
Europe Consumer Finance Industry PE Ratio Median Figure of 27 Publicly-Listed Consumer Finance Companies 5.55x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Manx Financial Group.

DB:3IM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:MFX Share Price ÷ EPS (both in GBP)

= 0.07 ÷ 0.02

3.7x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Manx Financial Group is good value based on earnings compared to the Europe Consumer Finance industry average.
  • Manx Financial Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Manx Financial Group's expected growth come at a high price?
Raw Data
DB:3IM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Consumer Finance Industry PEG Ratio Median Figure of 19 Publicly-Listed Consumer Finance Companies 0.41x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Manx Financial Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Manx Financial Group's assets?
Raw Data
DB:3IM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £0.16
AIM:MFX Share Price * AIM (2020-03-30) in GBP £0.07
Europe Consumer Finance Industry PB Ratio Median Figure of 42 Publicly-Listed Consumer Finance Companies 0.71x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:3IM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:MFX Share Price ÷ Book Value per Share (both in GBP)

= 0.07 ÷ 0.16

0.44x

* Primary Listing of Manx Financial Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Manx Financial Group is good value based on assets compared to the Europe Consumer Finance industry average.
X
Value checks
We assess Manx Financial Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Finance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Finance industry average (and greater than 0)? (1 check)
  5. Manx Financial Group has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13%
Expected Consumer Finance industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Manx Financial Group expected to grow at an attractive rate?
  • Unable to compare Manx Financial Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Manx Financial Group's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Manx Financial Group's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:3IM Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 9.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:3IM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:3IM Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 19 -24 2
2019-03-31 18 -16 2
2018-12-31 18 -8 2
2018-09-30 18 2 3
2018-06-30 18 13 3
2018-03-31 19 13 3
2017-12-31 19 13 2
2017-09-30 19 13 2
2017-06-30 19 14 1
2017-03-31 18 10 1
2016-12-31 17 6 1
2016-09-30 15 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Manx Financial Group is high growth as no earnings estimate data is available.
  • Unable to determine if Manx Financial Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:3IM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Manx Financial Group Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3IM Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 0.02
2019-03-31 0.02
2018-12-31 0.02
2018-09-30 0.02
2018-06-30 0.02
2018-03-31 0.02
2017-12-31 0.02
2017-09-30 0.02
2017-06-30 0.01
2017-03-31 0.01
2016-12-31 0.01
2016-09-30 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Manx Financial Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Manx Financial Group is trading at Manx Financial Group'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Manx Financial Group's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Manx Financial Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Manx Financial Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Manx Financial Group has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

  • Manx Financial Group's last earnings update was 186 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Manx Financial Group's growth in the last year to its industry (Consumer Finance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Manx Financial Group's year on year earnings growth rate has been positive over the past 5 years.
  • Manx Financial Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Manx Financial Group's 1-year earnings growth is negative, it can't be compared to the Europe Consumer Finance industry average.
Earnings and Revenue History
Manx Financial Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Manx Financial Group Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3IM Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 18.65 2.48 6.29
2019-03-31 18.43 2.47 6.12
2018-12-31 18.21 2.47 5.94
2018-09-30 18.25 2.67 5.70
2018-06-30 18.29 2.88 5.45
2018-03-31 18.73 2.67 5.22
2017-12-31 19.18 2.46 4.99
2017-09-30 19.13 1.99 4.71
2017-06-30 19.05 1.48 4.43
2017-03-31 18.13 1.39 4.27
2016-12-31 17.21 1.30 4.10
2016-09-30 14.78 1.57 3.99
2016-06-30 12.34 1.84 3.89
2016-03-31 10.42 1.97 3.78
2015-12-31 8.51 2.10 3.68
2015-09-30 8.35 1.93 3.53
2015-06-30 8.19 1.76 3.39
2015-03-31 8.00 1.67 3.22
2014-12-31 7.80 1.59 3.06
2014-09-30 6.95 1.57 2.94
2014-06-30 6.11 1.55 2.83
2014-03-31 6.33 1.32 2.91
2013-12-31 6.56 1.09 2.99
2013-09-30 6.84 0.79 3.23
2013-06-30 7.11 0.49 3.48
2013-03-31 6.42 0.08 3.41

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Manx Financial Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Manx Financial Group used its assets less efficiently than the Europe Consumer Finance industry average last year based on Return on Assets.
  • Unable to establish if Manx Financial Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Manx Financial Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Finance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Manx Financial Group has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Manx Financial Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Manx Financial Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Manx Financial Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Manx Financial Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Manx Financial Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 13.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Manx Financial Group Company Filings, last reported 9 months ago.

DB:3IM Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 20.99 15.87 30.51
2019-03-31 20.99 15.87 30.51
2018-12-31 19.72 16.01 40.31
2018-09-30 19.72 16.01 40.31
2018-06-30 18.49 16.39 64.73
2018-03-31 18.49 16.39 64.73
2017-12-31 17.26 9.75 38.51
2017-09-30 17.44 9.75 9.77
2017-06-30 13.98 9.97 6.37
2017-03-31 13.98 9.97 6.37
2016-12-31 13.17 9.94 6.20
2016-09-30 13.17 9.94 6.20
2016-06-30 12.81 10.26 5.49
2016-03-31 12.81 10.26 5.49
2015-12-31 12.15 7.85 7.23
2015-09-30 12.15 7.85 7.23
2015-06-30 10.89 7.12 5.68
2015-03-31 10.89 7.12 5.68
2014-12-31 9.98 7.17 6.17
2014-09-30 9.98 7.17 6.17
2014-06-30 9.25 6.42 3.05
2014-03-31 9.25 6.42 3.05
2013-12-31 8.53 6.07 4.23
2013-09-30 8.53 6.07 4.23
2013-06-30 7.97 4.76 2.38
2013-03-31 7.97 4.76 2.38
  • Manx Financial Group's level of debt (75.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (69.4% vs 75.6% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Manx Financial Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Manx Financial Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Manx Financial Group has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Manx Financial Group dividends.
If you bought €2,000 of Manx Financial Group shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Manx Financial Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Manx Financial Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:3IM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 6.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Manx Financial Group has not reported any payouts.
  • Unable to verify if Manx Financial Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Manx Financial Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Manx Financial Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Manx Financial Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Manx Financial Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Manx Financial Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Denham Hervey Eke
COMPENSATION £25,000
AGE 67
TENURE AS CEO 11 years
CEO Bio

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 as the Chief Financial Officer and Secretary at Life Science Developments Limited. He has been a Finance Director at Agronomics Limited since May 30, 2012. Previously, he was a Chief Financial Officer at the firm. Mr. Eke was Chief Financial Officer and Secretary of West African Minerals Corporation until 2018. He has been the Chief Executive Officer of Speymill plc since January 26, 2011. He has been a Managing Director of Burnbrae Group Limited since 2002. He serves as Company Secretary at Galloway Ltd. Mr. Eke has been the Chief Executive Officer at Manx Financial Group plc (MFG) since February 12, 2009. He serves as the Chief Financial Officer and Secretary of Emerging Metals Limited. He started his career in stock broking and insurance at Shepphards & Chase and then at Hogg Robinson plc. He has been the Non-Executive Chairman of Webis Holdings Plc since April 4, 2003. He serves as the Chairman of Webis Plc. Mr. Eke serves as an Interim Non-Executive Chairman and Non-Executive Director of T1Ps Investment Management Limited. He has been an Interim Non-Executive Chairman since 10 February 2012. He has been a Director of Emerging Metals Limited since September 30, 2007. He has been a Executive Director of Agronomics Limited since May 30, 2012. He has been a Director of Manx Financial Group Plc since November 2, 2007. He has been an Executive Director of Speymill plc since November 12, 2004. He has been the Co-Chairman of Board at Billing Services Group Limited since January 1, 2018 and has been its Non-Executive Director since May 10, 2011. He has been a Non-Executive Director of ARBB AG since June 2007. He is a director of many years’ standing of both public and private companies involved in the financial services, property, mining, and manufacturing sectors. He serves as a Director of Galloway Ltd., Solfotara Mining Corporation, Copper Development Corporation, Genseq Limited, Webis Holdings Plc and Rivington Street Holdings plc. He served as a Director of West African Minerals Corporation from September 30, 2007 to May 21, 2014. He held Directorships of a large number of companies, principally involved in equity investments, property ownership and management and hotel operations, where he has been tasked with rationalizing and restructuring operations to enhance profitability. Mr. Eke served as a Member of the Supervisory Board at Estavis AG from February 2, 2007 to February 16, 2010.

CEO Compensation
  • Denham Hervey's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Denham Hervey's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Manx Financial Group management team in years:

10.2
Average Tenure
58
Average Age
  • The average tenure for the Manx Financial Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jim Mellon

TITLE
Executive Chairman
COMPENSATION
£25K
AGE
62

Denham Hervey Eke

TITLE
CEO & Director
COMPENSATION
£25K
AGE
67
TENURE
11 yrs

Douglas Grant

TITLE
Group Finance Director & Executive Director
COMPENSATION
£261K
AGE
54
TENURE
10.2 yrs

Rachel Bradley

TITLE
Company Secretary
AGE
33
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the Manx Financial Group board of directors in years:

11
Average Tenure
63
Average Age
  • The average tenure for the Manx Financial Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jim Mellon

TITLE
Executive Chairman
COMPENSATION
£25K
AGE
62
TENURE
11 yrs

Denham Hervey Eke

TITLE
CEO & Director
COMPENSATION
£25K
AGE
67
TENURE
12.3 yrs

Douglas Grant

TITLE
Group Finance Director & Executive Director
COMPENSATION
£261K
AGE
54
TENURE
10.2 yrs

Alan Clarke

TITLE
Independent Non Executive Director
COMPENSATION
£43K
AGE
68
TENURE
12.3 yrs

David Gibson

TITLE
Independent Non-Executive Director
COMPENSATION
£25K
AGE
71
TENURE
11 yrs

John Banks

TITLE
Non-Executive Director
COMPENSATION
£25K
AGE
50
TENURE
5.6 yrs

Greg Bailey

TITLE
Non-Executive Director
COMPENSATION
£22K
AGE
63
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Manx Financial Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Manx Financial Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

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. The company provides various financial products and services, such as savings accounts, asset financing, personal loans, block discounting, and other specialist secured credit facilities to consumers and business sectors; and loans to small and medium sized entities, as well as foreign exchange advisory services and fiduciary deposits. It also offers wealth management, mortgage and general insurance, and retirement planning to resident, business, and personal customers; and payment solutions to business clients. The company was formerly known as Conister Financial Group PLC and changed its name to Manx Financial Group PLC in July 2009. Manx Financial Group PLC was founded in 1935 and is based in Douglas, the Isle of Man.

Details
Name: Manx Financial Group PLC
3IM
Exchange: DB
Founded: 1935
£10,318,691
131,096,235
Website: http://www.mfg.im
Address: Manx Financial Group PLC
Clarendon House,
Victoria Street,
Douglas,
IM1 2LN,
Isle of Man
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM MFX Ordinary Shares London Stock Exchange AIM Market GB GBP 02. Jan 1992
DB 3IM Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
108
Manx Financial Group employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 22:08
End of day share price update: 2020/03/30 00:00
Last earnings filing: 2019/09/26
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.