Stock data
| Market cap. | £11.1m |
| Last close | 63.00p |
| High / Low (52 weeks) | 95.0p / 30.0p |
| Stock market listing | AIM |
| Forecast net cash (€m) | 3.4 |
| Forecast gearing ratio (%) | N/A |
| Team | Financials |
| Sector | Financials |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (3.08) | (8.7) | 55.56 |
| Relative * | 1.68 | (1.2) | 70.95 |
* % Relative to local index
Other companies covered in sector
| Y/E Dec | Revenue (€m) | EBITDA (€m) | PBT (€m) | EPS (fd) (c) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2010A | 11.1 | 0.6 | 0.6 | 1.24 | 62.6 | 12.3 |
| 2011A | 17.0 | 3.6 | 3.7 | 17.26 | 4.5 | N/A |
| 2012E | 23.2 | 5.0 | 5.1 | 21.23 | 3.7 | N/A |
| 2013E | 26.2 | 5.7 | 5.8 | 24.39 | 3.2 | N/A |
Last updated on 11/05/2012
Latest research
Lending growth goes on
Update | Financials | 10/05/2012
First bond offering
Flash note | Financials | 27/02/2012
Growth momentum
Outlook | Financials | 16/02/2012
Upgrades continue
Update | Financials | 09/01/2012
Increased loan facility
Flash note | Financials | 01/11/2011
H111 carpe diem
Update | Financials | 29/09/2011
Pre-close trading statement
Flash note | Financials | 04/07/2011
Estimates nearly doubled
Flash note | Financials | 17/05/2011
Storm to following wind
Outlook | Financials | 23/03/2011
Investment summary
MCB Finance Group’s Q112 results confirm strong growth with credit issued up 79%, revenue up 65% and a bond issue securing funding for three years. This revenue growth did not drop down to profit growth in this period because: 2011 was a period of exceptionally high bad debt recoveries – 2012 recoveries are closer to normal levels; restructuring the funding incurred some costs; and MCB has invested in new geographies (historically break-even has been achieved in c 12 to 18 months).
Last updated on 10/05/2012
Industry outlook
After GDP falls in 2009, ranging from 8% in Finland to 18% in Latvia, economic growth is now forecast (IMF 2012 estimates are c 2-4% regional real GDP growth, and c 2% falls in unemployment). The crisis led to more rational market-lending practices. These conditions are highly favourable to statistically-modelled lenders.
Last updated on 23/04/2012
Key management
| Anton Mayr, Chairman |
| Rami Ryhanen , CEO |
| Henry Nilert , FD |
Company address
| 65 Duke Street, London, W1K 5NT United Kingdom View website |
