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MER

Mears Group PLC

Real Estate First-pass screen £340m
500/1000 Overall fit
AI beneficiary 35% 30
Operating leverage 25% 65
Valuation 25% 50
Downside protection 15% 72

First-pass take

Mears shows defensive fundamentals (public sector, £91.4m net cash) and executed well (37% PBT growth), but lacks any AI/ML exposure and displays modest operating leverage from its labour-intensive model. No valuation data disclosed. Composite 50 falls below 55 threshold.

Flags

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