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Mercia Asset Management

AIM:MERC
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MERC
AIM
£92M
Market Cap
  1. Home
  2. GB
  3. Diversified Financials
Company description

Mercia Asset Management PLC is a venture capital firm specializing in incubation, seed EIS, early stage, emerging growth, mid venture, late stage and growth capital investments. The last earnings update was 113 days ago. More info.


Add to Portfolio Compare Print
  • Mercia Asset Management is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
MERC Share Price and Events
7 Day Returns
-1.6%
AIM:MERC
-0.5%
GB Capital Markets
-0.4%
GB Market
1 Year Returns
0%
AIM:MERC
19.6%
GB Capital Markets
4.5%
GB Market
MERC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mercia Asset Management (MERC) -1.6% 14.8% 1% 0% -37.8% -
GB Capital Markets -0.5% -0.1% 2.5% 19.6% 60.1% 102.6%
GB Market -0.4% 1.7% 4.7% 4.5% 6.9% 2.9%
1 Year Return vs Industry and Market
  • MERC underperformed the Capital Markets industry which returned 19.6% over the past year.
  • MERC underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 4.5% over the past year.
Price Volatility
MERC
Industry
5yr Volatility vs Market

Value

 Is Mercia Asset Management 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
  • It is not possible to calculate the future cash flow value for Mercia Asset Management. This is due to cash flow or dividend data being unavailable. The share price is £0.303.
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 Mercia Asset Management's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mercia Asset Management's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:MERC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in GBP £0.01
AIM:MERC Share Price ** AIM (2019-11-15) in GBP £0.3
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PE Ratio Median Figure of 42 Publicly-Listed Capital Markets Companies 20.17x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 751 Publicly-Listed Companies 17.16x

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

** Primary Listing of Mercia Asset Management.

AIM:MERC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.3 ÷ 0.01

35.08x

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

  • Mercia Asset Management is overvalued based on earnings compared to the GB Capital Markets industry average.
  • Mercia Asset Management is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Mercia Asset Management's expected growth come at a high price?
Raw Data
AIM:MERC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 35.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-49.7%per year
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PEG Ratio Median Figure of 24 Publicly-Listed Capital Markets Companies 1.22x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 558 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

AIM:MERC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 35.08x ÷ -49.7%

-0.71x

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

  • Mercia Asset Management earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mercia Asset Management's assets?
Raw Data
AIM:MERC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in GBP £0.42
AIM:MERC Share Price * AIM (2019-11-15) in GBP £0.3
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PB Ratio Median Figure of 75 Publicly-Listed Capital Markets Companies 1.34x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,305 Publicly-Listed Companies 1.52x
AIM:MERC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.3 ÷ 0.42

0.73x

* Primary Listing of Mercia Asset Management.

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

  • Mercia Asset Management is good value based on assets compared to the GB Capital Markets industry average.
X
Value checks
We assess Mercia Asset Management'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Mercia Asset Management has a total score of 1/6, 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 Mercia Asset Management expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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
-49.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mercia Asset Management expected to grow at an attractive rate?
  • Mercia Asset Management's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Mercia Asset Management's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Mercia Asset Management's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:MERC Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:MERC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -49.7%
AIM:MERC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 9.4%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 17.8%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 6.4%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.6%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*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
AIM:MERC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:MERC Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 14 0 0 3
2021-03-31 13 -1 -1 3
2020-03-31 11 -1 -2 3
2019-11-16
AIM:MERC Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-03-31 11 -5 3
2018-12-31 11 -6 2
2018-09-30 11 -6 2
2018-06-30 10 -3 2
2018-03-31 10 0 2
2017-12-31 9 2 2
2017-09-30 9 5 1
2017-06-30 8 4 1
2017-03-31 7 3 1
2016-12-31 5 0 1
2016-09-30 4 -2 0
2016-06-30 3 -2 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mercia Asset Management's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Mercia Asset Management's revenue is expected to grow by 9.4% yearly, however this is not considered high growth (20% yearly).
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
AIM:MERC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Mercia Asset Management Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:MERC Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 0.00 0.01 0.00 2.00
2021-03-31 0.00 0.01 0.00 2.00
2020-03-31 0.00 0.01 -0.01 2.00
2019-11-16
AIM:MERC Past Financials Data
Date (Data in GBP Millions) EPS *
2019-03-31 0.01
2018-12-31 0.01
2018-09-30 0.01
2018-06-30 0.01
2018-03-31 0.01
2017-12-31 0.01
2017-09-30 0.01
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00
2016-06-30 0.00

*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 Mercia Asset Management will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Mercia Asset Management'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Mercia Asset Management has a total score of 1/6, 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 Mercia Asset Management performed over the past 5 years?

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 Mercia Asset Management's growth in the last year to its industry (Capital Markets).
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.
  • Mercia Asset Management has delivered over 20% year on year earnings growth in the past 5 years.
  • Mercia Asset Management's 1-year earnings growth exceeds its 5-year average (57.5% vs 26.1%)
  • Mercia Asset Management's earnings growth has exceeded the GB Capital Markets industry average in the past year (57.5% vs 4.7%).
Earnings and Revenue History
Mercia Asset Management'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 Mercia Asset Management Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:MERC Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 10.68 2.62 12.29
2018-12-31 10.65 2.39 11.90
2018-09-30 10.62 2.16 11.52
2018-06-30 10.41 1.91 11.33
2018-03-31 10.20 1.66 11.13
2017-12-31 9.41 1.50 10.87
2017-09-30 8.62 1.34 10.61
2017-06-30 7.64 1.19 10.07
2017-03-31 6.66 1.04 9.54
2016-12-31 5.32 0.61 8.22
2016-09-30 3.99 0.19 6.90
2016-06-30 2.87 -0.76 5.57
2016-03-31 1.76 -1.70 4.24
2015-03-31 1.02 3.94 3.08
2014-03-31 0.72 0.04 0.65
2013-03-31 0.50 0.02 0.47

*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.
  • Mercia Asset Management has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mercia Asset Management used its assets less efficiently than the GB Capital Markets industry average last year based on Return on Assets.
  • It is difficult to establish if Mercia Asset Management improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Mercia Asset Management'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 Capital Markets 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.
Mercia Asset Management has a total score of 3/6, 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 Mercia Asset Management'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 Mercia Asset Management's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mercia Asset Management is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mercia Asset Management's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mercia Asset Management'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.
  • Mercia Asset Management has no debt, it does not need to be covered by short term assets.
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 Mercia Asset Management Company Filings, last reported 7 months ago.

AIM:MERC Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 126.07 0.00 30.40
2018-12-31 126.07 0.00 30.40
2018-09-30 125.17 0.00 39.05
2018-06-30 125.17 0.00 39.05
2018-03-31 123.47 0.00 52.91
2017-12-31 123.47 0.00 52.91
2017-09-30 123.58 0.00 55.17
2017-06-30 123.58 0.00 55.17
2017-03-31 121.35 0.00 63.83
2016-12-31 121.35 0.00 63.83
2016-09-30 81.34 0.00 24.01
2016-06-30 81.34 0.00 24.01
2016-03-31 80.04 0.00 30.93
2015-03-31 80.84 0.00 53.63
2014-03-31 0.11 0.00 0.04
2013-03-31 0.07 0.00 0.05
  • Mercia Asset Management has no debt.
  • Mercia Asset Management has not taken on any debt in the past 5 years.
  • Mercia Asset Management has no debt, it does not need to be covered by operating cash flow.
  • Mercia Asset Management has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Mercia Asset Management'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. Mercia Asset Management has a total score of 6/6, 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 Mercia Asset Management'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 Mercia Asset Management dividends. Estimated to be 0% next year.
If you bought £2,000 of Mercia Asset Management 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 Mercia Asset Management's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mercia Asset Management'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
AIM:MERC 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 3 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 2.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 680 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

AIM:MERC Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 0.00 2.00
2021-03-31 0.00 2.00
2020-03-31 0.00 2.00
2019-11-16

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

  • Unable to perform a dividend volatility check as Mercia Asset Management has not reported any payouts.
  • Unable to verify if Mercia Asset Management's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mercia Asset Management's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mercia Asset Management has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Mercia Asset Management's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess Mercia Asset Management's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Mercia Asset Management afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mercia Asset Management 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 Mercia Asset Management'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
Mark Payton
COMPENSATION £371,000
AGE 51
TENURE AS CEO 4.9 years
CEO Bio

Dr. Mark Andrew Payton, Ph.D., serves as a Chief Executive Officer at Mercia Asset Management PLC since December 2014. He also serves as a Managing Director since January 2011 and Director at the firm. He serves as an Investor Director at Celentyx Ltd. Dr. Payton co-founded Mercia and has been involved with more than 36 venture investments. He served as an Investment Executive at Mercia Technologies before its management buyout. He was a Fund Principal at WM Enterprise Ltd. He served as Vice President of Corporate Development at Oxxon Therapeutics Limited since April 26, 2005. Since 2001, Dr. Payton was managing the business development activities for Oxxon. During this period, he was integral in the implementation of corporate infrastructure elements for the company, intellectual property management and the licensing and collaborations efforts. Dr. Payton was engaged in the licensing of the DISC-HSV and DISC-GM-CSF vector technologies from Xenova Group plc. Prior to joining Oxxon, he served as a Project Manager for Isis Innovation Ltd. During his tenure with Isis, Dr. Payton oversaw 15 license agreements with companies in the United States and Europe, as well as directed over 30 patent applications. He was also a Senior Wellcome Trust post-doctoral Research Assistant at the University of Oxford in the Department of Pharmacology, where he managed research leading to a patent application on drug resistance and novel anti-mycobacterial drug discovery. He serves as the Acting Chairman of nanoTherics Limited. He serves as a Non-Executive Director of Oxford Genetics LtdHe served as a Non-Executive Director of PsiOxus Therapeutics, Ltd. Dr. Payton has led investments and is on the Board as a Director or Observer of Anaxsys, Concurrent Thinking, Hybrid Systems and Warwick Effect Polymers, Intelligent Orthopaedics Ltd, The Native Antigen Company Ltd. and PsiOxus Ltd. He served as Director of Abzena plc until July 2014. He has many years' experience in small to medium sized life science companies. Dr. Payton has several 15 years of experience from the technology commercialization and investment of life science opportunities in the biotech, niche pharma, medtech and diagnostics fields with particular expertise in medical and healthcare. He was chosen as a Sainsbury Management Fellow in the Life Sciences and is fully FCA accredited. He has an Investment Management Certificate from CFAUK. He has IMC parts I and II. He was a research fellow at the Department of Pharmacology (University of Oxford). Dr. Payton received a Ph.D. in Molecular Immunology jointly between the University of Oxford (Worcester College) and the University of London (King's College). Dr. Payton holds an M.B.A. from the Warwick Business School, a Degree in Human Biology from Oxford.

CEO Compensation
  • Mark's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Mark's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Mercia Asset Management management team in years:

1.8
Average Tenure
51
Average Age
  • The average tenure for the Mercia Asset Management management team is less than 2 years, this suggests a new team.
Management Team

Mark Payton

TITLE
CEO,MD & Director
COMPENSATION
£371K
AGE
51
TENURE
4.9 yrs

Ray Chamberlain

TITLE
Non-Executive Director & Co-Founder
COMPENSATION
£40K
AGE
74

Martin Glanfield

TITLE
CFO, Company Secretary & Director
COMPENSATION
£318K
AGE
59

Julian Viggars

TITLE
Chief Investment Officer & Director
COMPENSATION
£311K
AGE
51
TENURE
1.6 yrs

Peter Dines

TITLE
COO & Head of Life Sciences and Biosciences
AGE
46
TENURE
1.8 yrs

Paul Mattick

TITLE
Head of Sales and Investor Relations
TENURE
3.3 yrs

Sarah Thawley

TITLE
Head of Legal
TENURE
1.1 yrs

Rosie Bhattacharjee

TITLE
Group Compliance Director

Alison Dwyer

TITLE
Head of Marketing & Communications
TENURE
0.8 yrs

Michelle Heaselgrave

TITLE
Head of People & Talent
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the Mercia Asset Management board of directors in years:

2.7
Average Tenure
58.5
Average Age
  • The average tenure for the Mercia Asset Management board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ian Metcalfe

TITLE
Non-Executive Chair
COMPENSATION
£46K
AGE
60
TENURE
0.3 yrs

Mark Payton

TITLE
CEO,MD & Director
COMPENSATION
£371K
AGE
51
TENURE
4.9 yrs

Ray Chamberlain

TITLE
Non-Executive Director & Co-Founder
COMPENSATION
£40K
AGE
74
TENURE
3.5 yrs

Martin Glanfield

TITLE
CFO, Company Secretary & Director
COMPENSATION
£318K
AGE
59
TENURE
5.3 yrs

Julian Viggars

TITLE
Chief Investment Officer & Director
COMPENSATION
£311K
AGE
51
TENURE
1.6 yrs

Jonathan Pell

TITLE
Non-Executive Director
COMPENSATION
£40K
TENURE
1.9 yrs

Nick Parker

TITLE
Member of Digital & Digital Entertainment Advisory Board

Matt Woodley

TITLE
Member of Digital & Digital Entertainment Advisory Board

Rob Precious

TITLE
Member of Digital & Digital Entertainment Advisory Board

Mary Cordeiro

TITLE
Member of Life sciences & Bio-sciences Advisory Board
AGE
58
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 (£)
11. Apr 19 Buy Peter Dines Individual 10. Apr 19 10. Apr 19 41,000 £0.36 £14,760
10. Apr 19 Buy Mark Payton Individual 09. Apr 19 09. Apr 19 44,091 £0.34 £14,903
10. Apr 19 Buy Martin Glanfield Individual 09. Apr 19 09. Apr 19 50,000 £0.34 £17,200
10. Apr 19 Buy Julian Viggars Individual 09. Apr 19 09. Apr 19 58,000 £0.34 £19,662
15. Mar 19 Sell Susan Jane Searle Individual 15. Mar 19 15. Mar 19 -50,000 £0.38 £-18,800
15. Mar 19 Buy Susan Jane Searle Individual 15. Mar 19 15. Mar 19 50,000 £0.38 £19,050
X
Management checks
We assess Mercia Asset Management'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. Mercia Asset Management 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

Is It The Right Time To Buy Mercia Technologies PLC (LON:MERC)?

saw significant share price volatility over the past couple of months on the AIM, rising to the highs of £0.40 and falling to the lows of £0.34. … A question to answer is whether Mercia Technologies's current trading price of £0.34 reflective of the actual value of the? … Let’s take a look at Mercia Technologies’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Does Mercia Technologies PLC's (LON:MERC) PE Ratio Signal A Selling Opportunity?

and want to begin learning the link between Mercia Technologies PLC (LON:MERC)’s fundamentals and stock market performance. … Mercia Technologies PLC (LON:MERC) is currently trading at a trailing P/E of 68.8x, which is higher than the industry average of 16x. … Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind

Simply Wall St -

Should You Have Mercia Technologies PLC's (AIM:MERC) In Your Portfolio?

MERC's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … With a market cap of GBP £103.33M, MERC falls within the small-cap spectrum of stocks, which are found to experience higher relative risk compared to larger companies. … Thus, we can expect MERC to be more stable in the face of market movements, relative to its peers of similar size but with a higher portion of fixed assets on their books.

Simply Wall St -

Why Mercia Technologies PLC (AIM:MERC) Could Be A Buy

It’s trading around 1% below my intrinsic value, which means if you buy MERC today, you’d be paying a reasonable price for it. … If you’ve been keeping tabs on MERC for a while, now may not be the most optimal time to buy, given it is trading around its fair value. … The price seems to be trading at fair value, which means there’s less benefit from mispricing.

Simply Wall St -

Does Mercia Technologies PLC's (AIM:MERC) PE Ratio Signal A Selling Opportunity?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for MERC Price per share = 0.32 Earnings per share = 0.005 ∴ Price-Earnings Ratio = 0.32 ÷ 0.005 = 69.2x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you are inadvertently comparing riskier firms with MERC, then MERC’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price. … In this case, MERC’s P/E would be higher since investors would also reward MERC’s higher growth with a higher price.

Simply Wall St -

Company Info

Description

Mercia Asset Management PLC is a venture capital firm specializing in incubation, seed EIS, early stage, emerging growth, mid venture, late stage and growth capital investments. It invests in technology focusing on sectors such as digital entertainment, consumer services, media, retailing, energy, healthcare, industrials, materials, real estate, telecommunication services, gaming, internet, software, electronics and hardware, advanced materials, transportation, biosciences, engineering and specialist manufacturing, and life sciences. The firm invests in Midlands, North of the United Kingdom, the North of England, and Scotland. It typically invest between £0.01 million ($0.013 million) and £5.0 million ($6.76 million). The firm also makes equity investments in companies either directly or via its funds under management and can also provide investments in form of debt or convertible securities. It prefers to take majority or minority stake in its portfolio companies. It seeks board position in its portfolio companies. Mercia Asset Management PLC was founded in April, 2014 and is based in Henley-in-Arden, United Kingdom with additional eight regional offices across the United Kingdom.

Details
Name: Mercia Asset Management PLC
MERC
Exchange: AIM
Founded: 2014
£91,902,841
303,309,707
Website: http://www.mercia.co.uk
Address: Mercia Asset Management PLC
Forward House,
17 High Street,
Henley-in-Arden,
Warwickshire, B95 5AA,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM MERC Ordinary Shares London Stock Exchange AIM Market GB GBP 18. Dec 2014
Number of employees
Current staff
Staff numbers
90
Mercia Asset Management employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/16 21:50
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/09/26
Last earnings filing: 2019/07/26
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.