Pires Investments PLC (GB:MFAI)
LSE:MFAI
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Pires Investments
(LSE:MFAI)
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Rating:48Neutral
Price Target:
0.59 p
▼(-1.00% Downside)
Action:DowngradedDate:01/29/26
The score is held back primarily by weak cash-flow conversion and minimal revenue visibility despite a sharp reported profit rebound and a conservatively levered balance sheet. Technicals are bearish with price below key moving averages and a negative MACD, while valuation appears optically cheap on P/E but is less reliable given earnings quality concerns.
Positive Factors
Balance sheet strength
Material equity growth and a sharply lower debt-to-equity ratio create lasting financial flexibility. Low leverage reduces insolvency risk, supports absorbing investment mark volatility, and preserves optionality for capital allocation or portfolio investment over the medium term.
Negative Factors
Negative cash generation
Persistent negative operating and free cash flow means reported profits are not converting into cash. This undermines the sustainability of distributions and reinvestment, increases reliance on financing or asset sales, and raises structural liquidity risk over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Material equity growth and a sharply lower debt-to-equity ratio create lasting financial flexibility. Low leverage reduces insolvency risk, supports absorbing investment mark volatility, and preserves optionality for capital allocation or portfolio investment over the medium term.
Read all positive factors
Pires Investments (MFAI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£2.24M
Dividend YieldN/A
Average Volume (3M)2.64M
Price to Earnings (P/E)1.3
Beta (1Y)-1.23
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees2
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding526,662,100
10 Day Avg. Volume2,413,329
30 Day Avg. Volume2,641,762
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Pires Investments Business Overview & Revenue Model
Company Description
Mindflair Plc is a venture capital firm specializing in growth capital. It provides access for public market investors to companies at an early stage of their growth trajectory. The firm is focused on both direct and co-investment in technology co...
How the Company Makes Money
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Pires Investments Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
71
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Apr 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 342.00 | 0.00 | 0.00 | 14.00K | 0.00 | 1.37K |
| Gross Profit | 342.00 | 0.00 | 0.00 | 14.00K | 0.00 | 1.37K |
| EBITDA | 216.38K | 3.15M | -2.67M | -1.21M | -2.67M | -1.44M |
| Net Income | 216.38K | 3.16M | -2.67M | -366.00K | 1.49M | 865.51K |
Balance Sheet | ||||||
| Total Assets | 2.43M | 11.83M | 7.39M | 9.35M | 7.40M | 2.60M |
| Cash, Cash Equivalents and Short-Term Investments | 2.41M | 11.36M | 6.70M | 8.98M | 7.39M | 2.59M |
| Total Debt | 0.00 | 885.00K | 1.33M | 1.24M | 0.00 | 0.00 |
| Total Liabilities | 67.68K | 1.04M | 1.55M | 1.53M | 175.00K | 38.93K |
| Stockholders Equity | 2.36M | 10.79M | 5.84M | 7.82M | 7.22M | 2.56M |
Cash Flow | ||||||
| Free Cash Flow | -97.04K | -532.00K | -701.00K | -1.03M | -545.00K | -388.17K |
| Operating Cash Flow | -97.04K | -532.00K | -701.00K | -1.03M | -545.00K | -388.17K |
| Investing Cash Flow | 254.03K | -1.11M | -538.00K | -694.00K | -955.00K | 1.02M |
| Financing Cash Flow | 187.36K | 1.66M | 595.00K | 2.20M | 855.00K | 749.46K |
Pires Investments Peers Comparison
UnderperformOutperform
Sector (68)
GB:MFAI
Pires Investments
0.43
-0.43
-50.00%
GB:PCH
Limitless Earth
1.25
-0.75
-37.50%
GB:PRIM
Primorus Investments
3.60
0.10
2.86%
GB:TERN
Tern plc
0.90
-0.20
-18.18%
GB:HRIP
Hot Rocks Investments PLC
―
―
―
GB:PGV
Praetura Growth VCT PLC
100.00
0.00
0.00%
Pires Investments Corporate Events
Business Operations and Strategy
Mindflair Portfolio Firm Stylus Accelerates AI Edtech Adoption in Schools
Positive
Mar 13, 2026
Mindflair has highlighted strong momentum at portfolio company Stylus Education, an AI edtech specialist whose assessment platform for student writing is gaining traction across schools. Stylus added 50 new schools to its customer base in January ...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Mindflair Portfolio Company Captur Secures $6m Seed Funding for Edge AI Expansion
Positive
Mar 11, 2026
Mindflair has highlighted the progress of its portfolio by noting that Captur, an AI infrastructure company within Sure Valley Ventures’ second fund, has closed a US$6 million seed round led by Rally Ventures. The investment underlines Mindf...
Business Operations and StrategyProduct-Related Announcements
Mindflair Portfolio Firm Mirror Security Rolls Out Encrypted NVIDIA-Powered AI Platform
Positive
Feb 19, 2026
Mindflair has highlighted a milestone at portfolio company Mirror Security, a University College Dublin spin-out that has launched its encrypted AI inference platform into full production using NVIDIA’s accelerated computing infrastructure. ...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Mindflair Portfolio Firm Vizgard Wins NATO Accelerator Spot After Strong 2025
Positive
Feb 13, 2026
Mindflair has highlighted strong progress at its portfolio company Vizgard, a UK-based AI specialist that develops visual autonomy solutions for security and defence, enabling real-time automation and collaboration across cameras and optical syste...
Business Operations and StrategyPrivate Placements and Financing
Mindflair Backs AI Sales Execution Start-Up Overpath via SVV Fund
Positive
Jan 29, 2026
Mindflair plc has announced that Sure Valley Ventures’ third fund, in which it holds an interest, has participated in a €1.6 million pre-seed funding round for Overpath Limited, an Ireland-based AI-powered sales execution platform. The...
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.
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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.