Maven Income and Growth VCT 5 (MIG5) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: 9.75%
• Average Volume (3M): 36.52K
• Price to Earnings (P/E): 128.0
• Beta (1Y): -0.08
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management - Income
• EPS (TTM): <0.01
• Shares Outstanding: 240,242,260
• 10 Day Avg. Volume: 92,098
• 30 Day Avg. Volume: 36,515
• PEG Ratio: -0.07
• Price to Book (P/B): 0.98
• Price to Sales (P/S): 10.18
• P/FCF Ratio: -106.90
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: 29.00 p ▲(2.84% Upside)
• Action: Downgraded Date: 12/30/25
• Date: Action: Downgraded 12/30/25

The score is anchored by balance-sheet strength (no debt) and a 2024 earnings rebound, but held back by consistently negative operating/free cash flow and volatile profitability. Technicals are neutral, valuation is supported by a very high dividend yield, and recent corporate actions/dividend updates modestly improve the outlook.

Positive Factors

Debt-Free Balance Sheet

A debt-free balance sheet enhances financial stability, providing flexibility to invest in growth opportunities without the burden of interest payments.

Successful Capital Raising

Successful capital raising reflects investor confidence and provides additional resources to fund strategic initiatives and portfolio expansion.

Strong Shareholder Support

Strong shareholder support indicates confidence in the company's strategic direction and governance, which is crucial for long-term stability and growth.

Negative Factors

Stagnant Price Action

Stagnant price action may reflect market skepticism or lack of catalysts, potentially limiting investor interest and capital inflows.

Operational Challenges

Operational challenges or accounting adjustments could indicate inefficiencies or issues in core operations, potentially affecting profitability.

Negative Cash Flow

Negative cash flow from operations can hinder the company's ability to reinvest in its portfolio and meet financial obligations, impacting long-term growth.

Maven Income and Growth VCT 5 Business Overview & Revenue Model

Company Description

Maven Income and Growth VCT 5 PLC is a venture capital trust fund specializes in growth capital investment. It investments in shares and securities in smaller, unquoted United Kingdom companies and AiM/PLUS companies which meet the criteria for VCT qualifying investments.

How the Company Makes Money

Maven Income and Growth VCT 5 generates revenue by investing in a diverse range of small to medium-sized enterprises (SMEs) with high growth potential. The trust earns money primarily through capital gains realized from the sale of equity stakes in these companies as they grow and mature. Additionally, MIG5 may receive income in the form of dividends from the portfolio companies. The trust benefits from tax incentives aimed at encouraging investment in SMEs, which enhance its ability to deliver tax-free returns to investors. Key revenue streams include returns from successful exit strategies, such as trade sales or initial public offerings (IPOs) of portfolio companies. Strategic partnerships with industry experts and advisors further contribute to identifying and nurturing investment opportunities, thereby maximizing returns.

Maven Income and Growth VCT 5 Financial Statement Overview

Summary

Strong balance sheet with zero debt and high equity supports stability, and profitability rebounded in 2024. However, results are volatile year-to-year and operating/free cash flow have been persistently negative, weakening earnings quality and cash conversion.

Income Statement

Profitability rebounded strongly in 2024, with revenue jumping to 6.50m from a loss-making 2023 and net income turning to a solid 4.14m. Reported profit margins are very high in the profitable years (2024 and 2021), but results have been volatile with large swings between profit and loss (e.g., 2023 net loss of 3.10m), which reduces earnings quality and predictability.

Balance Sheet

The balance sheet is conservatively positioned with zero debt across all periods and a large equity base (67.39m in 2024) supporting assets of 68.55m. Returns on equity improved to ~6.1% in 2024 after a negative year in 2023, but overall returns have been inconsistent (ranging from strong in 2021 to weak/negative in 2022–2023).

Cash Flow

Cash generation is the key weak spot: operating cash flow and free cash flow are negative every year shown (including -0.62m in 2024), even when accounting profit is positive. This indicates profits are not consistently converting into cash, raising questions around the sustainability of distributions and the reliance on portfolio realizations/timing to fund cash needs.

Breakdown	TTM	Nov 2024	Nov 2023	Nov 2022	Nov 2021	Nov 2020
Income Statement
Total Revenue	5.32M	6.50M	-1.50M	1.18M	8.85M	986.00K
Gross Profit	3.94M	4.55M	-2.63M	2.66M	10.14M	29.00K
EBITDA	2.77M	4.14M	-3.10M	693.00K	8.43M	0.00
Net Income	2.90M	4.14M	-3.10M	693.00K	8.43M	656.00K
Balance Sheet
Total Assets	73.55M	68.55M	63.86M	62.99M	69.18M	45.61M
Cash, Cash Equivalents and Short-Term Investments	9.05M	9.23M	3.49M	19.30M	22.43M	11.54M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	379.00K	1.16M	301.00K	544.00K	420.00K	470.00K
Stockholders Equity	73.17M	67.39M	63.56M	62.45M	68.76M	45.14M
Cash Flow
Free Cash Flow	-1.10M	-619.00K	-1.14M	-1.36M	-1.04M	-720.00K
Operating Cash Flow	-1.45M	-619.00K	-1.14M	-1.36M	-1.04M	-720.00K
Investing Cash Flow	2.02M	6.47M	-18.99M	5.23M	-3.18M	-3.65M
Financing Cash Flow	2.63M	-112.00K	4.31M	-7.00M	15.12M	-2.74M

Maven Income and Growth VCT 5 Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 28.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MIG5, the sentiment is Positive. The current price of 28.2 is below the 20-day moving average (MA) of 29.00, below the 50-day MA of 28.62, and below the 200-day MA of 28.36, indicating a neutral trend. The MACD of 0.10 indicates Positive momentum. The RSI at 99.20 is Negative, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:MIG5.

Maven Income and Growth VCT 5 Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
MIG5	58 Neutral	―	127.99	4.11%	9.75%	―	―

Maven Income and Growth VCT 5 Corporate Events

Director’s Share Purchase at Maven Income and Growth VCT 5

Maven Income and Growth VCT 5 PLC announced a transaction involving Graham Miller, a director of the company, who purchased 32,819 Ordinary Shares at a price of 30.47p each. This transaction, conducted under an Offer for Subscription, took place on 16 December 2025 in London, indicating continued confidence in the company’s growth prospects and potentially impacting investor sentiment positively.

Maven Income and Growth VCT 5 PLC Issues New Shares to Boost Capital

Maven Income and Growth VCT 5 PLC announced the issuance of new ordinary shares as part of a subscription offer launched on 2 October 2025, aiming to raise up to £7.5 million, with an additional over-allotment facility of £5 million. The company successfully received valid applications totaling £3,351,851, resulting in the issuance of 10,438,002 new shares. These shares are expected to be admitted for trading on the London Stock Exchange on or around 19 December 2025, increasing the total number of voting rights to 239,893,911. This move is part of Maven’s strategy to enhance its capital base and provide shareholders with opportunities to adjust their interests in compliance with FCA regulations.

Maven Income and Growth VCT 5 PLC Announces Second Interim Dividend and NAV Update

Maven Income and Growth VCT 5 PLC has announced an unaudited net asset value (NAV) of 30.97p per Ordinary Share as of 30 November 2025, reflecting a slight increase from 30.17p per Ordinary Share as of 31 August 2025. The company has declared a second interim dividend of 0.50p per Ordinary Share, to be paid on 16 January 2026, following the realization of its investment in Ensco 969 Limited. This move aligns with the company’s enhanced dividend policy, which aims to increase the target annual yield from 5% to 6% of NAV per Ordinary Share. The dividend investment scheme allows shareholders to reinvest dividends into new shares, potentially benefiting from VCT tax relief.

Maven Income and Growth VCT 5 PLC Passes Key Resolutions at General Meeting

Maven Income and Growth VCT 5 PLC has successfully passed several key resolutions during its General Meeting held on November 13, 2025. The resolutions include authorizing the allotment of new shares, disapplying pre-emption rights, reducing the share premium account, and canceling the capital redemption reserve. This development allows the company to proceed with its offer for subscription of new ordinary shares, potentially enhancing its capital structure and providing more flexibility in its financial operations.

Maven Income and Growth VCT 5 PLC Announces Share Buy-back

Maven Income and Growth VCT 5 PLC, a company involved in investment and growth capital, announced a share buy-back initiative on 7 October 2025. The company purchased and canceled 2,221,694 of its own Ordinary Shares at a price of 28.6p per share. This action affects the company’s issued share capital, which now comprises 229,455,909 Ordinary Shares, each carrying one voting right. This move is significant for shareholders as it impacts the calculations for determining their interests under the Disclosure Guidance and Transparency Rules.