19 October 2026

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Mercantile Investment Trust PLC (MRCM)

Rank #228 of 280 - Financials - UK Equities

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Mercantile Investment Trust PLC

MRCM.L·Financials·Market Cap £1.7b

Rank #228 of 280

Quantitative Model · 280 Stocks Analysed

£2.73

+5.83% YTD

52W: £2.34 - £2.90

Factor Analysis Summary

Editorial assessment generated from Mercantile Investment Trust PLC's live factor scores and sector positioning.

Based on Strategyland's proprietary 7-factor analysis, Mercantile Investment Trust PLC (MRCM.L) currently holds an overall rank of #228 out of 280 FTSE 100 constituents, reflecting its weighted composite score across liquidity, valuation, profitability, solvency, asset efficiency, market trading, and technical dimensions.

Key strengths include profitability (ROE 10.6%, net margin 89.9%), where it demonstrates strong profitability metrics, ranking in the top quartile for earnings quality and return on capital; valuation (P/E 9.4, dividend yield 743.4%), where it demonstrates compelling valuation metrics, trading at a discount to peer averages on key multiples; and technical (RSI 37.9), where it demonstrates positive technical momentum with price action supporting a constructive trend.

Areas requiring attention include asset efficiency, where poor capital efficiency suggests assets may be underutilised or overvalued on the balance sheet, as well as liquidity, where liquidity is middling and may not suit investors requiring large block execution.

Within the Financials sector, Mercantile Investment Trust PLC sits at composite rank #228, trailing the Financials peer average (rank 8). It ranks behind all 6 tracked Financials peers in our model.

Despite its mid-table composite rank of #228, Mercantile Investment Trust PLC shows selective strength — notably in profitability and valuation — suggesting a stock with identifiable merits alongside clear areas for improvement.

Strongest Factors

Profitability — Rank 49/280 (top quartile)
Valuation — Rank 59/280 (top quartile)
Technical — Rank 61/280 (top quartile)

Weakest Factors

Asset Efficiency — Rank 207/280 (below average)
Liquidity — Rank 149/280 (middle of the pack)

Score Analysis

Mercantile Investment Trust PLC is ranked #228 out of 280 UK stocks. Lower factor scores indicate better performance in that category.

Factor Breakdown

100/280

Average Score

Liquidity

Fair149/280

Valuation

Excellent59/280

Profitability

Excellent49/280

Solvency

Good85/280

Asset Efficiency

Weak207/280

Mkt Trading

Good89/280

Technical

Excellent61/280

1. Liquidity

Score: 149/280

How liquid is MRCM and can it meet its short-term obligations?

0/6

liquidity criteria met

Metric

Sector Range

Value

Rank

–

Quick Ratio

N/A

Range: N/A

–

Current Ratio

N/A

6.39xRank 25/280

Range: N/ARank 25/280

–

TTM Operating Cash Flow

N/A

5.51xRank 12/280

Range: N/ARank 12/280

–

Liquidity Coverage Ratio

100-150

N/A

Range: 100-150

–

Intangible Asset Ratio

10 - 30

N/ARank 193/280

Range: 10 - 30Rank 193/280

–

Cash-to-Debt Ratio

N/A

0.00xRank 257/280

Range: N/ARank 257/280

Key Liquidity Metrics

Quick Ratio

N/A

Sector: N/A

Current Ratio

6.39x

Sector: N/A

Overall Liquidity Rank

Rank within universe#149/280

Best (1)Worst (280)

2. Valuation

Score: 59/280

Is MRCM undervalued compared to its peers and fair value metrics?

2/7

valuation criteria met

Metric

Sector Range

Value

Rank

–

FY27e P/E

8x - 18x

N/A

Range: 8x - 18x

–

FY26e P/E

8x - 18x

N/A

Range: 8x - 18x

–

FY27e Net Div Yld (%)

3.0 - 8.0

N/A

Range: 3.0 - 8.0

✗

Div Payout Ratio

30 - 55

27.52%Rank 50/280

Range: 30 - 55Rank 50/280

–

Current EV/EBITDA

N/A

9.5xRank 166/280

Range: N/ARank 166/280

✓

Current P/TBV

0.8x - 2.0x

0.93xRank 60/280

Range: 0.8x - 2.0xRank 60/280

✓

Current P/B

0.8x - 2.0x

0.93xRank 69/280

Range: 0.8x - 2.0xRank 69/280

Key Valuation Metrics

TTM P/E

Price-to-Earnings

9.4x

FY26e P/E

Forward estimate

N/A

FY27e P/E

Forward estimate

N/A

Current P/B

Price-to-Book

0.93x

Current P/TBV

Tangible Book Value

0.93x

Current EV/EBITDA

Enterprise Value

9.5x

FY26e EV/EBITDA

Forward estimate

N/A

FY27e EV/EBITDA

Forward estimate

N/A

Dividend

MRCM pays a dividend yield of 743.38%.

Current Yield

743.38%

FY27e Net Div Yield

N/A

FY26e Gross DPS

N/A

FY27e Gross DPS

N/A

3. Profitability

Score: 49/280

How profitable is MRCM relative to its peers?

0/7

profitability criteria met

Metric

Sector Range

Value

Rank

✗

TTM Profit Margin

15 - 30

89.9%Rank 40/280

Range: 15 - 30Rank 40/280

–

T12 FCF Margin

N/A

0.1%Rank 176/280

Range: N/ARank 176/280

–

FY27e RoE

10 - 16

N/A

Range: 10 - 16

–

FY26 EPS Growth

8 - 15

N/A

Range: 8 - 15

–

FY27e EPS Growth

6 - 12

N/A

Range: 6 - 12

–

NIM

1.5 - 3.2

N/A

Range: 1.5 - 3.2

–

Expense Ratio

50 - 65

N/A

Range: 50 - 65

TTM Profit Margin

89.9%

Current RoCE

10.6%

FY27e RoE

N/A

T12 FCF Margin

0.1%

4. Solvency

Score: 85/280

How strong is MRCM's balance sheet and financial position?

0/6

solvency criteria met

Metric

Sector Range

Value

Rank

✗

Debt/Eqt

0.5x - 1.5x

0.17xRank 84/280

Range: 0.5x - 1.5xRank 84/280

–

Interest Coverage Ratio

N/A

Rank 95Rank 95/280

Range: N/ARank 95/280

–

Net Leverage Ratio

N/A

Range: N/A

–

Altman Z-Score (Manufacturing)

N/A

9.15Rank 82/280

Range: N/ARank 82/280

–

Z-Score (Non Manufacturing)

N/A

Rank 87Rank 87/280

Range: N/ARank 87/280

–

CapAdeq Ratio Tier1

13 - 18

N/A

Range: 13 - 18

Key Solvency Metrics

Debt/Eqt

0.17x

Net Leverage Ratio

N/A

Interest Coverage

Rank 95

T12 FCF Margin

0.1%

Altman Z-Score

9.15

Safe Zone

01.812.995+

5. Asset Efficiency

Score: 207/280

How efficiently does MRCM deploy its assets and intellectual capital?

0/5

asset efficiency criteria met

Metric

Sector Range

Value

Rank

–

Efficiency Ratio

50 - 70

N/A

Range: 50 - 70

–

TTM Asset Turnover Ratio

N/A

0.10xRank 216/280

Range: N/ARank 216/280

–

TTM CAPEX/Sales

1 - 3

N/A

Range: 1 - 3

–

Working Capital Turnover

N/A

4.85xRank 85/280

Range: N/ARank 85/280

–

R&D/Sales FY27e

N/A

Range: N/A

Overall Asset Efficiency Rank

Rank within sector peers#207/280

Best (1)Worst (280)

6. Market Trading

Score: 89/280

How liquid and actively traded is MRCM?

1/2

market trading criteria met

Metric

Sector Range

Value

Rank

–

Intraday Sentiment (%)

40 - 75

N/A

Range: 40 - 75

–

10D-Avg v/s 3M-Avg Vol

N/A

101%Rank 50/280

Range: N/ARank 50/280

✓

Avg Directional Index 30D

012 - 45

19.7Rank 142/280

Range: 012 - 45Rank 142/280

–

Parabolic SAR

N/A

274.70Rank 212/280

Range: N/ARank 212/280

–

Stock Rating Rank

N/A

Range: N/A

Market Cap

£1,690,187,561

Enterprise Value

£1,968,539,561

Trading Volume

7. Technical

Score: 61/280

What do the technical indicators say about MRCM?

0/5

technical criteria met

Metric

Chart

Sector Range

Value

Rank

–

CMP v/s 52-WH

£2.90£2.34

-6.2%CMP: £2.73

N/A

-6.2%Rank 87/280

£2.90£2.34

-6.2%CMP: £2.73

Range: N/ARank 87/280

–

CMP v/s 52-WL

£2.90£2.34

+16.3%CMP: £2.73

N/A

16.3%Rank 89/280

£2.90£2.34

+16.3%CMP: £2.73

Range: N/ARank 89/280

–

RSI 14D

037.9 - Bearish100

N/A

37.9Rank 50/280

037.9 - Bearish100

Range: N/ARank 50/280

–

MA50 - MA200

£2.68+0.12£2.80

N/A

BullishRank 153/280

£2.68+0.12£2.80

Range: N/ARank 153/280

–

MACD Rank

Golden Cross

MACD: -0.51

N/A

-0.51

Golden Cross

MACD: -0.51

Range: N/A

RSI (14 Day)

37.9

Bearish

0 (Oversold)50100 (Overbought)

Moving Averages

50 SMA£2.80

200 SMA£2.68

SignalGolden Cross (Bullish)

MACD-0.51

Risk Metrics

Beta

N/A

3-Yr Std Dev

N/A

5-Yr Std Dev

N/A

Peer Comparison

How does MRCM compare to other Financials stocks?

Overall Rank Comparison

Factor Score Comparison

Stock	Rank	Liquidity	Valuation	Profitability	Solvency	Mkt Trading	Technical
MRCM	#228	149	59	49	85	89	61
MUT.L	#3	128	38	24	56	27	8
RTW.L	#5	116	7	9	145	69	229
BPCR.L	#7	163	34	56	9	112	76
RCP.L	#9	179	26	22	59	13	2
AGT.L	#11	108	57	55	72	90	79
TBCG.L	#14	29	55	38	257	129	18

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Methodology Note

The analysis presented for Mercantile Investment Trust PLC is produced using Strategyland's proprietary 7-factor quantitative model, which evaluates each stock across Liquidity, Valuation, Profitability, Solvency, Asset Efficiency, Market Trading, and Technical dimensions. Individual factor scores and the composite rank reflect relative rankings within the FTSE 100 universe — a lower rank number indicates stronger performance in that category.

Underlying financial and market data is sourced from LSEG (London Stock Exchange Group) and processed through our scoring engine. Scores are recalculated as new data becomes available and should be interpreted as a systematic screening output, not a forecast of future share price performance.

This content is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Past performance and factor rankings are not indicative of future results. Please read our Risk Disclaimer before making any investment decisions.

Strategyland Research Center - strategyland.ukThis report is for informational purposes only. Not financial advice.