Mortgage Advice Bureau (Holdings) PLC (GB:MAB1)
LSE:MAB1
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Mortgage Advice Bureau (Holdings)
(LSE:MAB1)
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Rating:64Neutral
Price Target:
653.00 p
▲(10.30% Upside)
Action:DowngradedDate:03/19/26
The score is driven primarily by solid financial performance (growth, strong ROE, modest leverage, and strong cash conversion), but is held back by clear technical weakness (price below key moving averages and negative momentum indicators) and a somewhat premium valuation (P/E ~26.5) despite a ~3.2% dividend yield.
Positive Factors
Strong cash generation
High and recurring free cash flow (FCF ~£32m; FCF ≈96% of net income) supports durable capital allocation: funds dividends, technology and network investment, and cushions the business through mortgage cycle volatility. Strong cash conversion underpins earnings quality and strategic optionality.
Negative Factors
Margin compression
Sustained declines in gross and net margins materially reduce earnings power from revenue growth. If margins remain suppressed, the firm must either raise prices, cut costs, or improve adviser productivity to protect returns; otherwise ROE and cash generation could erode despite top-line growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
High and recurring free cash flow (FCF ~£32m; FCF ≈96% of net income) supports durable capital allocation: funds dividends, technology and network investment, and cushions the business through mortgage cycle volatility. Strong cash conversion underpins earnings quality and strategic optionality.
Read all positive factors
Mortgage Advice Bureau (Holdings) (MAB1) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£309.58M
Dividend Yield2.7%
Average Volume (3M)114.97K
Price to Earnings (P/E)26.5
Beta (1Y)1.36
Revenue Growth19.16%
EPS Growth-5.42%
CountryUK
Employees936
SectorFinancial
Sector Strength70
IndustryFinancial - Mortgages
Share Statistics
EPS (TTM)0.14
Shares Outstanding57,543,056
10 Day Avg. Volume110,227
30 Day Avg. Volume114,968
Financial Highlights & Ratios
PEG Ratio-3.70
Price to Book (P/B)5.38
Price to Sales (P/S)1.26
P/FCF Ratio12.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£1,150.00Price Target Upside94.26% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.53
Revenue Forecast (FY)£356.67M
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 inter...
How the Company Makes Money
MAB generates revenue primarily from intermediary fees and commissions earned when it arranges financial products for clients through lenders and insurers. A core revenue stream comes from mortgage distribution: advisers source and recommend mortg...
Mortgage Advice Bureau (Holdings) Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 317.60M | 266.54M | 239.53M | 230.88M | 188.97M |
| Gross Profit | 80.11M | 81.90M | 70.16M | 58.98M | 49.95M |
| EBITDA | 34.35M | 32.34M | 24.31M | 21.25M | 23.66M |
| Net Income | 15.07M | 15.90M | 13.47M | 12.24M | 18.72M |
Balance Sheet | |||||
| Total Assets | 181.43M | 160.83M | 158.38M | 169.79M | 82.28M |
| Cash, Cash Equivalents and Short-Term Investments | 26.62M | 4.19M | 21.94M | 25.46M | 34.41M |
| Total Debt | 18.25M | 18.06M | 20.99M | 27.35M | 2.60M |
| Total Liabilities | 105.53M | 85.73M | 83.97M | 94.35M | 41.30M |
| Stockholders Equity | 74.14M | 73.66M | 70.20M | 67.90M | 38.78M |
Cash Flow | |||||
| Free Cash Flow | 32.08M | 26.99M | 21.68M | 20.50M | 26.55M |
| Operating Cash Flow | 33.31M | 30.03M | 23.74M | 24.34M | 26.75M |
| Investing Cash Flow | -11.02M | -5.04M | -2.52M | -54.21M | -7.38M |
| Financing Cash Flow | -19.77M | -23.26M | -24.74M | 20.92M | -17.94M |
Mortgage Advice Bureau (Holdings) Technical Analysis
Positive
592.00
Price Trends
609.26
Positive
653.53
Negative
692.55
Negative
Market Momentum
-2.39
Negative
59.58
Neutral
64.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MAB1, the sentiment is Positive. The current price of 592 is above the 20-day moving average (MA) of 556.95, below the 50-day MA of 609.26, and below the 200-day MA of 692.55, indicating a neutral trend. The MACD of -2.39 indicates Negative momentum. The RSI at 59.58 is Neutral, neither overbought nor oversold. The STOCH value of 64.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:MAB1.
Mortgage Advice Bureau (Holdings) Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £377.62M | 12.13 | 31.92% | 3.21% | 20.46% | 9.72% | |
71 Outperform | £1.87B | 8.14 | 13.26% | 5.34% | -8.38% | -2.55% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | £1.44B | 5.39 | 12.75% | 4.74% | -4.98% | 3.02% | |
64 Neutral | £309.58M | 26.45 | 20.53% | 2.70% | 19.16% | -5.42% | |
51 Neutral | £345.04M | -134.79 | -8.36% | ― | 28.33% | 14.18% | |
39 Underperform | £37.18M | 14.95 | 0.73% | ― | 29.70% | ― |
* Financial Sector Average
GB:MAB1
Mortgage Advice Bureau (Holdings)
539.00
-235.81
-30.43%
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GB:PBEE
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GB:LINV
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0.00%
Mortgage Advice Bureau (Holdings) Corporate Events
Regulatory Filings and Compliance
Mortgage Advice Bureau discloses modest insider share purchases
Positive
Apr 16, 2026
Mortgage Advice Bureau (Holdings) plc has disclosed small share purchases by several persons discharging managerial responsibilities and a connected party, in line with UK Market Abuse Regulation transparency rules. Director of Home Moving Strateg...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Mortgage Advice Bureau Tightens Free Float With April Share Buyback
Positive
Apr 14, 2026
Mortgage Advice Bureau (Holdings) plc has repurchased 190,121 of its own ordinary shares between 7 and 13 April 2026 as part of its ongoing share buyback programme, paying an average price of 579.52 pence per share. The shares, bought through brok...
Business Operations and StrategyM&A Transactions
Mortgage Advice Bureau buys HomeOwners Alliance to expand home-moving reach
Positive
Apr 14, 2026
Mortgage Advice Bureau has acquired 100% of HomeOwners Alliance Ltd for £1.4m plus surplus distributable reserves, buying the UK consumer portal from its founders and Smoove Limited. The deal brings a high-traffic homeowner guidance platform ...
Regulatory Filings and Compliance
Mortgage Advice Bureau chair reorganises stake in Bed & ISA share deal
Neutral
Apr 13, 2026
Mortgage Advice Bureau (Holdings) plc has disclosed that its non-executive chair, Michael Jones, carried out a Bed ISA transaction involving the company’s ordinary shares on 8 April 2026. Jones sold 3,292 shares at 588p and repurchased 3,28...
Business Operations and StrategyStock Buyback
Mortgage Advice Bureau buys back shares and trims voting float
Positive
Apr 7, 2026
Mortgage Advice Bureau (Holdings) plc, a leading UK mortgage intermediary and adviser network, supports over 2,100 advisers via its Appointed Representatives, offering mortgage, specialist lending, protection and general insurance advice underpinn...
Regulatory Filings and Compliance
Mortgage Advice Bureau Director Increases Stake in Company
Positive
Apr 2, 2026
Mortgage Advice Bureau (Holdings) plc has disclosed that non-executive director Nathan Imlach purchased 3,532 ordinary shares in the company on 1 April 2026 via his SIPP at a price of 565.785p per share. Following this transaction, Imlach’s ...
Business Operations and StrategyDelistings and Listing Changes
Mortgage Advice Bureau Sets May Date for Move from AIM to LSE Main Market
Positive
Mar 31, 2026
Mortgage Advice Bureau (Holdings) plc, a major UK intermediary and specialist network for mortgage advisers, operates through Appointed Representatives to deliver mortgage, specialist lending, protection and general insurance advice, underpinned b...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Mortgage Advice Bureau launches broker-managed share buyback to cover option schemes
Neutral
Mar 31, 2026
Mortgage Advice Bureau (Holdings) plc has launched a share buyback programme for up to 478,775 ordinary shares, primarily to satisfy obligations arising from its share option schemes. The company has appointed Keefe, Bruyette Woods under a non-di...
Financial DisclosuresRegulatory Filings and Compliance
Mortgage Advice Bureau Updates Investors on Executive Share Option Headroom
Positive
Mar 23, 2026
Mortgage Advice Bureau (Holdings) plc has provided its latest six-monthly block listing update for its executive share option schemes, detailing movements in the number of shares available for issuance. Under the 2014 Executive Option Plan, 65,042...
Regulatory Filings and Compliance
Mortgage Advice Bureau Executives Boost Stakes Through Share Purchases
Positive
Mar 18, 2026
Mortgage Advice Bureau (Holdings) has disclosed a series of share purchases by senior management under the UK Market Abuse Regulation. Director of Home Moving Strategy Ben Thompson and Group Chief Risk Officer Paul Gill each bought 27 shares on 16...
Business Operations and StrategyFinancial Disclosures
Mortgage Advice Bureau lifts revenue 20% as tech-led strategy expands reach
Positive
Mar 17, 2026
Mortgage Advice Bureau reported strong 2025 results, with revenue rising 19.6% to £318.8m and adjusted diluted EPS up 13.5% to 44.5p, while maintaining an 8.4% share of new mortgage lending and growing product transfer share to 3.0%. The grou...
Regulatory Filings and Compliance
Mortgage Advice Bureau Discloses Director-Linked Share Purchase
Positive
Mar 3, 2026
Mortgage Advice Bureau (Holdings) plc has disclosed that a connected party to non-executive director Nathan Imlach purchased 290 ordinary shares on 2 March 2026 at a price of 642p per share. Following this transaction, Imlach’s total holding...
Business Operations and StrategyFinancial Disclosures
Mortgage Advice Bureau Sets Date for 2025 Results and Investor Presentation
Neutral
Feb 24, 2026
Mortgage Advice Bureau (Holdings) plc, a technology-driven UK mortgage network and broker, operates one of the country’s leading intermediary brands and specialist adviser networks. Through its Appointed Representative partner firms, it supp...
Other
MAB Directors Add Shares Under Incentive Plan
Positive
Feb 17, 2026
Mortgage Advice Bureau (Holdings) plc has disclosed that directors Ben Thompson, Director of Home Moving Strategy, and Paul Gill, Group Chief Risk Officer, purchased ordinary shares in the company on 16 February under its Share Incentive Plan. Eac...
Business Operations and StrategyRegulatory Filings and Compliance
Mortgage Advice Bureau Ends Founders’ Concert Party as Ownership Structure Clarified
Neutral
Feb 6, 2026
Mortgage Advice Bureau (Holdings) has announced that the UK Panel on Takeovers and Mergers has agreed that former director David Preece is no longer acting in concert with chief executive Peter Brodnicki under the UK Takeover Code. This change mea...
Regulatory Filings and Compliance
Mortgage Advice Bureau Discloses Share Purchase Linked to Non-Executive Director
Neutral
Feb 2, 2026
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 transac...
Business Operations and StrategyRegulatory Filings and Compliance
Mortgage Advice Bureau Hails FCA Report as Boost for Protection Growth Strategy
Positive
Feb 2, 2026
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...
Business Operations and Strategy
Mortgage Advice Bureau to Showcase MAB 2.0 Progress and Tech-Driven Efficiency at Capital Markets Update
Positive
Jan 28, 2026
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...
Regulatory Filings and Compliance
Mortgage Advice Bureau Directors Increase Holdings via Share Incentive Plan
Neutral
Jan 27, 2026
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...
Business Operations and StrategyDelistings and Listing ChangesFinancial DisclosuresM&A Transactions
Mortgage Advice Bureau lifts revenue 19% and targets Main Market move after M&A-heavy year
Positive
Jan 22, 2026
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% in...
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.