Mortgage Advice Bureau (Holdings) (MAB1) AI Stock Analysis

• Market Cap: £342.33M
• Dividend Yield: 2.7%
• Average Volume (3M): 114.97K
• Price to Earnings (P/E): 18.8
• Beta (1Y): 1.20
• Revenue Growth: 18.14%
• EPS Growth: 74.71%
• Country: UK
• Employees: 936
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Mortgages
• EPS (TTM): 0.18
• Shares Outstanding: 58,021,830
• 10 Day Avg. Volume: 110,227
• 30 Day Avg. Volume: 114,968
• PEG Ratio: 1.33
• Price to Book (P/B): 4.77
• Price to Sales (P/S): 1.32
• P/FCF Ratio: 13.02
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £1,150.00
• Price Target Upside: 94.26% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 0.51
• Revenue Forecast (FY): £354.22M

• Rating: 72 Outperform
• Price Target: 846.00 p ▲(42.91% Upside)
• Action: Upgraded Date: 12/07/25
• Date: Action: Upgraded 12/07/25

Mortgage Advice Bureau (Holdings) has a solid financial foundation with strong revenue growth and profitability. Positive corporate events, such as increased shareholdings by directors, boost confidence in the company's future. However, technical indicators suggest a bearish trend, and the valuation appears high, which could limit upside potential.

Positive Factors

Revenue Growth

Sustained ~18% reported revenue growth reflects durable demand for intermediary mortgage advice and broad product access. Over 2-6 months this trend supports expanding adviser volumes and commissions, reinforcing market position and providing a reliable top‑line base for reinvestment and scaling.

Improving Profitability

Across-period margin improvements show operational leverage from adviser network and product mix. Higher gross and EBIT margins indicate sustainable cost efficiencies and pricing power that should help protect earnings through normal mortgage-cycle variability and fund strategic initiatives.

Strong Cash Generation

Robust free cash flow growth signals effective conversion of earnings into cash, enhancing financial flexibility. Over the medium term this supports reinvestment in distribution, potential shareholder returns and reduces refinancing risk, strengthening the company’s capacity to fund growth initiatives.

Negative Factors

Rising Liabilities

A noted uptick in liabilities, even if slight, warrants attention because increasing obligations can erode balance sheet resilience. If interest rates or credit conditions tighten, higher liabilities could constrain capital allocation and limit ability to invest or return cash to shareholders over the medium term.

Revenue Concentration (Commissions)

Heavy reliance on commission and fee income ties revenue to mortgage volumes, lender pricing and regulatory changes. This structural concentration increases sensitivity to housing cycle volatility and lender behavior, making medium-term revenue and cashflow stability dependent on originations and partner terms.

Moderate Net Income Growth / Cost Control

Despite strong revenue and margin gains, only moderate net income growth implies cost pressures or lagging operating leverage. Persistent cost management challenges could cap earnings expansion and weaken return on equity unless efficiencies or margin improvements are sustained.

Mortgage Advice Bureau (Holdings) Business Overview & Revenue Model

Company Description

Mortgage Advice Bureau (Holdings) plc, together with its subsidiaries, provides mortgage advice services in the United Kingdom. The company provides advice on approximately 16,000 residential and buy-to-let mortgage products through mortgage intermediaries. It also offers advice on protection and general insurance products. Mortgage Advice Bureau (Holdings) PLC has a strategic alliance with Key Group. The company was incorporated in 2000 and is based in Derby, the United Kingdom.

How the Company Makes Money

Mortgage Advice Bureau generates revenue primarily through commission and fees earned from lenders and insurers for arranging mortgage deals and insurance policies on behalf of clients. When a client secures a mortgage through MAB1, the company receives a commission from the lender, which can vary based on the mortgage product and the volume of business generated. Additionally, MAB1 may charge fees to clients for its advisory services, enhancing its revenue streams. The company has established partnerships with a large number of mortgage lenders and insurers, allowing it to offer a diverse range of products to clients, which contributes significantly to its earnings. Furthermore, the company's extensive network of advisers and franchise operations helps to expand its market reach and increase transaction volumes, thereby boosting revenue.

Mortgage Advice Bureau (Holdings) Financial Statement Overview

Summary

Mortgage Advice Bureau (Holdings) demonstrates strong financial performance with impressive revenue growth and profitability improvements. The balance sheet is stable with a good equity buffer, and cash flow generation is robust. However, there are areas for improvement, particularly in cost management and liability monitoring.

Income Statement

The company has shown strong revenue growth, with a notable increase from the previous period. The gross profit margin and EBIT margin have both improved, indicating enhanced operational efficiency. The net profit margin has also increased, showcasing better profitability. However, the growth rate of net income is moderate, suggesting room for improvement in cost management.

Balance Sheet

The balance sheet reflects a healthy equity ratio, indicating a solid capital structure. The debt-to-equity ratio is manageable, suggesting the company is not overly reliant on debt financing. Return on equity has improved, signaling effective use of shareholder funds. However, there is a slight increase in liabilities, which needs monitoring to ensure continued financial stability.

Cash Flow

Cash flow analysis reveals a robust growth in free cash flow, demonstrating the company's strong cash generation capabilities. The operating cash flow to net income ratio indicates effective conversion of earnings into cash. However, the free cash flow to net income ratio suggests potential reinvestment opportunities that could be explored further.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	290.23M	266.54M	239.53M	230.88M	188.97M	148.30M
Gross Profit	187.98M	81.90M	70.16M	58.98M	49.95M	38.48M
EBITDA	34.02M	32.34M	24.31M	21.25M	23.66M	16.42M
Net Income	19.02M	15.90M	13.47M	12.24M	18.72M	12.38M
Balance Sheet
Total Assets	167.69M	160.83M	158.38M	169.79M	82.28M	69.02M
Cash, Cash Equivalents and Short-Term Investments	22.75M	4.19M	21.94M	25.46M	34.41M	32.98M
Total Debt	6.92M	18.06M	20.99M	27.35M	2.60M	2.69M
Total Liabilities	93.95M	85.73M	83.97M	94.35M	41.30M	31.58M
Stockholders Equity	72.71M	73.66M	70.20M	67.90M	38.78M	35.54M
Cash Flow
Free Cash Flow	33.32M	26.99M	21.68M	20.50M	26.55M	17.28M
Operating Cash Flow	33.80M	30.03M	23.74M	24.34M	26.75M	17.58M
Investing Cash Flow	-10.35M	-5.04M	-2.52M	-54.21M	-7.38M	-2.65M
Financing Cash Flow	-24.57M	-23.26M	-24.74M	20.92M	-17.94M	-3.05M

Mortgage Advice Bureau (Holdings) Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 592.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MAB1, the sentiment is Negative. The current price of 592 is below the 20-day moving average (MA) of 658.40, below the 50-day MA of 691.40, and below the 200-day MA of 730.76, indicating a bearish trend. The MACD of -32.34 indicates Positive momentum. The RSI at 28.43 is Positive, neither overbought nor oversold. The STOCH value of 11.69 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:MAB1.

Mortgage Advice Bureau (Holdings) Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TAM	74 Outperform	£359.23M	12.13	31.92%	3.21%	20.46%	9.72%
MAB1	72 Outperform	£342.33M	18.80	25.99%	2.70%	18.14%	74.71%
OSB	71 Outperform	£2.01B	8.14	13.26%	5.34%	-7.30%	-27.83%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
PBEE	67 Neutral	£378.34M	-19.46	-13.61%	―	29.58%	17.32%
PAG	65 Neutral	£1.44B	5.39	12.70%	4.74%	-4.98%	3.02%
LINV	39 Underperform	£42.09M	14.95	0.77%	―	29.70%	―

Mortgage Advice Bureau (Holdings) Corporate Events

Mortgage Advice Bureau Discloses Share Purchase Linked to Non-Executive Director

Mortgage Advice Bureau (Holdings) plc has disclosed that a person closely associated with non-executive director Nathan Imlach purchased 231 ordinary shares in the company on 30 January 2026 at a price of 804.854p per share. Following this transaction, Imlach’s total holding stands at 35,949 shares, representing 0.06% of the company’s issued share capital, with the dealing reported in line with UK Market Abuse Regulation requirements, underscoring continued director-related investment and regulatory transparency for shareholders.

The most recent analyst rating on (GB:MAB1) stock is a Buy with a £866.00 price target. To see the full list of analyst forecasts on Mortgage Advice Bureau (Holdings) stock, see the GB:MAB1 Stock Forecast page.

Mortgage Advice Bureau Hails FCA Report as Boost for Protection Growth Strategy

Mortgage Advice Bureau (Holdings) plc has welcomed the Financial Conduct Authority’s interim report on the distribution of pure protection products, noting that the regulator finds the market is largely delivering good consumer outcomes with high claims acceptance and low complaint levels and does not currently foresee major interventions. The FCA’s conclusion that practices such as loaded premiums or restricted panels are not, on average, harming pricing outcomes aligns with MAB’s panel governance and fair value approach, reinforcing its strategy to invest in high-quality protection advice and position protection as a key growth area, while the easing of regulatory uncertainty and emphasis on proportionate, outcomes-based regulation is expected to support sustainable market growth and reduce the protection gap highlighted in the report.

The most recent analyst rating on (GB:MAB1) stock is a Buy with a £866.00 price target. To see the full list of analyst forecasts on Mortgage Advice Bureau (Holdings) stock, see the GB:MAB1 Stock Forecast page.

Mortgage Advice Bureau to Showcase MAB 2.0 Progress and Tech-Driven Efficiency at Capital Markets Update

Mortgage Advice Bureau (Holdings) plc will host a virtual Capital Markets update today for investors and analysts, during which it will outline progress on its MAB 2.0 strategic priorities and demonstrate how it is using technology, data and AI to enhance adviser performance and overall Group efficiency. The session, which will not include any new material information, will also showcase the Group’s platform, discuss how it plans to leverage its scale to improve profitability, and include a Q&A segment, offering stakeholders further insight into its operational focus and efficiency-driven growth strategy.

The most recent analyst rating on (GB:MAB1) stock is a Buy with a £1150.00 price target. To see the full list of analyst forecasts on Mortgage Advice Bureau (Holdings) stock, see the GB:MAB1 Stock Forecast page.

Mortgage Advice Bureau Directors Increase Holdings via Share Incentive Plan

Mortgage Advice Bureau (Holdings) plc has disclosed that PDMRs Ben Thompson, director of home moving strategy, and Paul Gill, group chief risk officer, have each purchased 21 ordinary shares in the company on 14 January 2026, which were matched by an equivalent number of shares under the firm’s Share Incentive Plan, bringing their respective holdings to 94,133 shares (0.16% of issued share capital) and 1,786 shares (0.003%). The modest share purchases, executed on AIM at 701p per share, slightly increase insider ownership and demonstrate ongoing participation by senior management in the company’s employee share incentive arrangements, in line with UK Market Abuse Regulation disclosure requirements.

The most recent analyst rating on (GB:MAB1) stock is a Buy with a £1150.00 price target. To see the full list of analyst forecasts on Mortgage Advice Bureau (Holdings) stock, see the GB:MAB1 Stock Forecast page.

Mortgage Advice Bureau lifts revenue 19% and targets Main Market move after M&A-heavy year

Mortgage Advice Bureau reported a strong 2025 performance, with group revenue up 19% to about £318m and adjusted pre-tax profit rising 12% to around £35.8m, driven by buoyant refinancing activity, higher adviser productivity and a 10% increase in mainstream adviser numbers. The group accelerated M&A to consolidate high-performing AR firms, expand in new-build and later-life lending, and take full ownership of mortgage-tech firm Dashly, while preparing a move from AIM to the Main Market’s ESCC segment in Q2 2026 to broaden its investor base. Management highlighted a robust outlook for refinancing, aided by a higher volume of fixed-rate maturities and easing lending rules, and expects a gradual recovery in purchase activity as affordability improves, with 2026-27 focused on integrating recent acquisitions, enhancing margins and leveraging technology, data and AI to drive operational efficiency and sector-leading digital transformation.

The most recent analyst rating on (GB:MAB1) stock is a Buy with a £759.00 price target. To see the full list of analyst forecasts on Mortgage Advice Bureau (Holdings) stock, see the GB:MAB1 Stock Forecast page.

Mortgage Advice Bureau Confirms Total Voting Rights and Share Capital Structure

Mortgage Advice Bureau (Holdings) plc has confirmed that it has 58,021,831 ordinary shares in issue, each carrying one voting right, with no shares held in treasury. This updated share capital and voting rights information will serve as the reference point for investors’ and shareholders’ disclosure obligations under UK financial transparency rules, clarifying the company’s capital structure for regulatory reporting and market oversight.

The most recent analyst rating on (GB:MAB1) stock is a Buy with a £759.00 price target. To see the full list of analyst forecasts on Mortgage Advice Bureau (Holdings) stock, see the GB:MAB1 Stock Forecast page.

Mortgage Advice Bureau Issues New Shares After Option Exercises

Mortgage Advice Bureau (Holdings) plc has issued 65,042 new ordinary shares following the exercise of options granted under its 2014 Executive Option Plan, with the shares drawn from an existing block listing. As a result, the company’s total issued ordinary share capital has increased to 58,021,831 shares, a new denominator for investors assessing disclosure thresholds under UK regulatory transparency rules, but the transaction does not indicate any change in strategy or operations beyond routine equity-based incentive arrangements.

The most recent analyst rating on (GB:MAB1) stock is a Buy with a £759.00 price target. To see the full list of analyst forecasts on Mortgage Advice Bureau (Holdings) stock, see the GB:MAB1 Stock Forecast page.

Mortgage Advice Bureau Executives Increase Shareholdings

Mortgage Advice Bureau (Holdings) has announced share purchases made by two senior executives, Deputy CEO Ben Thompson and Group Chief Risk Officer Paul Gill, under its Share Incentive Plan. The transactions, which align with market abuse regulations, reflect the executives’ commitment to the company’s growth and stability, emphasizing their confidence in MAB’s industry positioning and long-term strategy.

The most recent analyst rating on (GB:MAB1) stock is a Buy with a £759.00 price target. To see the full list of analyst forecasts on Mortgage Advice Bureau (Holdings) stock, see the GB:MAB1 Stock Forecast page.

Mortgage Advice Bureau Announces Board Changes to Drive Growth

Mortgage Advice Bureau (Holdings) plc has announced changes to its Board, with the appointment of Yaiza Patricia Luengo Morales as Chief Operating Officer, effective January 2026, pending regulatory approval. Yaiza brings over 20 years of international financial services experience, particularly in technology-enabled transformation. Meanwhile, Ben Thompson will step down as Deputy CEO to focus on a new strategic role aimed at optimizing MAB’s mortgage opportunities and enhancing its customer proposition. These changes are expected to bolster MAB’s leadership as it pursues medium-term growth targets.

The most recent analyst rating on (GB:MAB1) stock is a Buy with a £759.00 price target. To see the full list of analyst forecasts on Mortgage Advice Bureau (Holdings) stock, see the GB:MAB1 Stock Forecast page.

Mortgage Advice Bureau Directors Increase Shareholdings

Mortgage Advice Bureau (Holdings) plc announced that certain directors or their connected parties have purchased ordinary shares of the company. This transaction, involving Non-Executive Director Nathan Imlach, aligns with the UK Market Abuse Regulation’s requirements for transparency in managerial dealings. The purchase reflects confidence in the company’s market position and future prospects, potentially influencing stakeholder perceptions positively.

The most recent analyst rating on (GB:MAB1) stock is a Hold with a £761.00 price target. To see the full list of analyst forecasts on Mortgage Advice Bureau (Holdings) stock, see the GB:MAB1 Stock Forecast page.

Mortgage Advice Bureau Executives Increase Shareholdings

Mortgage Advice Bureau (Holdings) plc announced that Ben Thompson, Deputy CEO, and Paul Gill, Group Chief Risk Officer, have purchased shares under the company’s Share Incentive Plan. This move signifies a commitment from senior management to invest in the company, potentially boosting stakeholder confidence and aligning leadership interests with shareholder value.

The most recent analyst rating on (GB:MAB1) stock is a Hold with a £761.00 price target. To see the full list of analyst forecasts on Mortgage Advice Bureau (Holdings) stock, see the GB:MAB1 Stock Forecast page.

Mortgage Advice Bureau to Host Virtual Capital Markets Day

Mortgage Advice Bureau (Holdings) plc announced a virtual Capital Markets Day update scheduled for 28 January 2026, where it will discuss its strategic priorities, including the use of AI to enhance adviser performance and group efficiency. The event aims to demonstrate MAB’s platform capabilities and discuss leveraging scale for profitability, potentially impacting its operations and industry positioning.

The most recent analyst rating on (GB:MAB1) stock is a Hold with a £761.00 price target. To see the full list of analyst forecasts on Mortgage Advice Bureau (Holdings) stock, see the GB:MAB1 Stock Forecast page.

Directors Increase Stake in Mortgage Advice Bureau

Mortgage Advice Bureau (Holdings) plc announced that certain directors or their connected parties have purchased ordinary shares of the company. This transaction, conducted on the London Stock Exchange, reflects the directors’ confidence in the company’s market position and future prospects, potentially impacting stakeholder perceptions positively.

The most recent analyst rating on (GB:MAB1) stock is a Hold with a £761.00 price target. To see the full list of analyst forecasts on Mortgage Advice Bureau (Holdings) stock, see the GB:MAB1 Stock Forecast page.