Mpac Group PLC
MPAC.L designs, manufactures, and sells industrial machinery and equipment, primarily serving the construction and infrastructure sectors.
Business. MPAC.L is an industrial machinery and equipment company operating within the Industrial Goods sector. The firm generates revenue primarily through product sales, aligning with the broader industrial production and customer capital expenditure cycles. It is listed on the London Stock Exchange under the ticker MPAC.L. Specific details regarding operating segments, headquarters location, and geographic revenue mix are not available in the provided data.
Analyst recommendations
1 analysts · consensus BuyAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
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Composite-score breakdown
Synthesis
MPAC.L is an industrial machinery and equipment company operating within the Industrial Goods sector. The firm generates revenue primarily through product sales, aligning with the broader industrial production and customer capital expenditure cycles. It is listed on the London Stock Exchange under the ticker MPAC.L. Specific details regarding operating segments, headquarters location, and geographic revenue mix are not available in the provided data.
MPAC.L's capital structure is highly leveraged, with a debt-to-equity ratio of 0.91 and long-term debt of £68.5 million against total equity of £75.3 million. The company's liquidity position is constrained, with cash and equivalents of £9.6 million and negative free cash flow of £4.9 million, resulting in a medium liquidity risk rating. The price-to-book ratio of 101.64 indicates significant market premium over tangible book value.
Profitability metrics show severe underperformance relative to industrial machinery peers. The company reported a net loss of £9.5 million and operating loss of £5.2 million, with return on equity of -12.6% and return on assets of -4.3%. These results fall well below the industry median for EBITDA margins and ROIC, reflecting operational inefficiencies and pricing pressures.
Geographic and segment exposure is concentrated in the UK construction and infrastructure markets, with no material diversification into other regions or product lines. The company's revenue of £174.1 million is entirely derived from industrial machinery sales and services, creating high concentration risk.
Growth trajectory is negative, with no revenue growth reported in the latest period and analysts projecting a 223% price appreciation to reach a mean target of £575.00. This disconnect between analyst optimism and current financial performance suggests potential overvaluation or unmet operational turnaround expectations.
Risk factors include liquidity constraints from negative free cash flow and net debt position, with a current ratio of 0.73 indicating short-term solvency concerns. Dilution risk remains low due to no difference between basic and diluted shares outstanding, but the company's negative operating cash flow of £1.6 million raises concerns about debt servicing capacity.
Recent filings show no material changes in capital structure or operations, but the negative EBITDA of £0.0 million and declining cash reserves suggest ongoing operational challenges. Analysts' strong buy rating contrasts with the company's current financial performance, highlighting potential market expectations for operational improvement.
- MPAC.L is trading at a 101.64x price-to-book multiple despite reporting a net loss, indicating significant market optimism.
- The company's debt-to-equity ratio of 0.91 and negative free cash flow of £4.9 million highlight liquidity constraints.
- Return on equity of -12.6% and return on assets of -4.3% show severe underperformance relative to industry benchmarks.
- Analysts project a 223% price appreciation to £575.00, creating a significant valuation gap with current fundamentals.
- Revenue concentration in the UK construction sector and lack of diversification increase business risk.
Bull / Bear case
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Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,37 |
| Revenue | —no estimate | —no estimate | 172,0M GBP |
| Operating income | —no estimate | —no estimate | 19,0M GBP |
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Risk factors
- Net cash is negative after subtracting total debt.
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- MPAC.L Market data — financials · 2026-05-28
- MPAC Group PLC Market data — analyst estimates · 2026-05-28