M&G (MNG)

Sector:

Financials

Index:

FTSE 100

206.80p
   
  • Change Today:
      2.20p
  • 52 Week High: 238.80
  • 52 Week Low: 183.05
  • Currency: UK Pounds
  • Shares Issued: 2,380.18m
  • Volume: 2,925,612
  • Market Cap: £4,922.22m
  • RiskGrade: 186

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 8.9% 10.4% 9.2% 9.2% 5.0%
           
Continuing Operations          
PE Ratio - Basic 17.5
17.6		 n/a
n/a		 60.5
61.1		 4.5
4.5		 5.8
5.8
PE Ratio - Diluted 17.9
17.9		 n/a
n/a		 62.3
61.9		 4.5
4.5		 5.8
5.8
PE Ratio - Adjusted 17.5 n/a 60.5 4.5 5.8
PEG - Basic n/a
n/a		 n/a
n/a		 n/a
n/a		 0.5
0.6		 0.2
n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 0.6
0.6		 0.2
n/a
PEG - Adjusted n/a n/a n/a 0.5 0.2
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Operating Margin 22.79%
22.79%		 (87.07%)
(87.07%)		 3.34%
3.34%		 30.57%
30.57%		 15.76%
15.76%
           
Continuing & Discontinued Operations          
PE Ratio - Basic 17.5
17.6		 n/a
n/a		 5,989.1
6,053.1		 4.5
4.5		 5.5
5.5
PE Ratio - Diluted 17.9
17.9		 n/a
n/a		 6,176.3
6,131.7		 4.5
4.5		 5.5
5.5
PE Ratio - Adjusted 17.5 n/a 5,989.1 4.5 5.5
PEG - Basic n/a
n/a		 n/a
n/a		 n/a
n/a		 1.5
1.5		 0.0
n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 2.2
2.2		 0.0
n/a
PEG - Adjusted n/a n/a n/a 1.5 0.0

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 71.42% 72.09% 45.98% 33.08% 35.38%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value 2.3 1.9 1.4 1.2 1.7
Price/Tangible Book Value 2.3 1.9 1.4 1.2 1.7
Price/ Cash Flow 2.6 (9.2) 3.9 2.0 29.9
Price/Revenue 1.34 1.40 105.02 0.88 0.56
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 96.55p 98.38p 146.74p 159.58p 142.16p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 3,887.00 3,325.00 48.29 5,796.00 11,074.00
Net Interest (160.00)
(160.00)		 (162.00)
(162.00)		 (1.62)
(1.62)		 (167.00)
(167.00)		 n/a
n/a
Profit Before Tax 749.00
749.00		 (3,019.00)
(3,019.00)		 0.82
0.82		 1,605.00
1,605.00		 1,745.00
1,745.00
           
Revenue per Share 165.40p 134.40p 1.90p 226.14p 426.42p
Pre-Tax Profit per Share 31.87p
31.87p		 (122.03p)
(122.03p)		 0.032p
0.032p		 62.62p
62.62p		 67.19p
67.19p
Market Capitalisation £ (Millions) 5,299.92 4,460.90 5,186.81 5,146.52 6,166.98
Enterprise Value (EV) £ (Millions) 13,708.92 12,162.90 14,154.81 13,349.52 13,650.98
EBITDA/EV 7.75%
7.75%		 (22.35%)
(22.35%)		 0.02%
0.02%		 13.27%
13.27%		 12.78%
12.78%
Operating Margin 22.79%
22.79%		 (87.07%)
(87.07%)		 3.34%
3.34%		 30.57%
30.57%		 15.76%
15.76%
Capital Employed £ (Millions) 11,509.00 11,276.00 14,630.00 13,862.00 12,942.00
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Invested Equity Capital £ (Millions) 4,041.00 4,263.00 6,853.00 6,728.00 6,516.00
           
Earnings per Share - Basic 12.70p
12.64p		 (83.60p)
(83.59p)		 3.30p
3.27p		 44.40p
44.40p		 40.90p
41.01p
Earnings per Share - Diluted 12.40p
12.40p		 (83.60p)
(83.59p)		 3.20p
3.22p		 44.00p
43.99p		 40.80p
40.95p
Earnings per Share - Adjusted 12.70p (83.60)p 3.30p 44.40p 40.90p
Earnings per Share Growth - Basic n/a
n/a		 n/a
n/a		 -93%
-93%		 9%
8%		 32%
-5%
Earnings per Share Growth - Diluted n/a
n/a		 n/a
n/a		 -93%
-93%		 8%
7%		 31%
-5%
Earnings per Share Growth - Adjusted n/a n/a -93% 9% 32%
PE Ratio - Diluted 17.9
17.9		 n/a
n/a		 62.3
61.9		 4.5
4.5		 5.8
5.8
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 0.6
0.6		 0.2
n/a
Tax Rate 60.61% 31.53% n/a 28.85% 38.97%
Dividend Cover 0.64
0.64		 (4.27)
(4.26)		 0.18
0.18		 2.44
2.44		 3.43
3.44
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 12.70p
12.64p		 (83.60p)
(83.59p)		 0.033p
0.033p		 44.40p
44.40p		 43.10p
43.24p
Earnings per Share - Diluted 12.40p
12.40p		 (83.60p)
(83.59p)		 0.032p
0.033p		 44.00p
43.99p		 43.00p
43.18p
Earnings per Share - Adjusted 12.70p (83.60p) 0.033p 44.40p 43.10p
Earnings per Share Growth - Basic n/a
n/a		 n/a
n/a		 -100%
-100%		 3%
3%		 3,492%
-12%
Earnings per Share Growth - Diluted n/a
n/a		 n/a
n/a		 -100%
-100%		 2%
2%		 3,483%
-12%
Earnings per Share Growth - Adjusted n/a n/a -100% 3% 3,492%
PE Ratio - Diluted 17.9
17.9		 n/a
n/a		 6,176.3
6,131.7		 4.5
4.5		 5.5
5.5
PEG - Diluted n/a
n/a		 n/a
n/a		 n/a
n/a		 2.2
2.2		 0.0
n/a
Dividend Cover 0.64
0.64		 (4.27)
(4.26)		 n/a
n/a		 2.44
2.44		 3.62
3.63
Return on Equity (ROE) 7.35%
7.35%		 (48.51%)
(48.51%)		 0.01%
0.01%		 16.91%
16.91%		 17.23%
17.23%
Operating Cash Flow per Share 85.79p (20.37p) 51.22p 100.51p 7.93p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 31.19p (83.83p) 0.062p 28.83p (20.02p)
Dividend per Share 19.70p 19.60p 18.30p 18.23p 11.92p
Dividend per Share Growth 0.51% 7.10% 0.38% 52.94% n/a
Dividend Yield 8.9% 10.4% 9.2% 9.2% 5.0%
Shareholders Funds 4,041.00 4,263.00 5,296.00 5,577.00 5,125.00
Net Borrowings £ (Millions) 2,886.00 3,073.00 2,435.00 1,845.00 1,813.00
Net Asset Value per Share (inc. Intangibles) 94.72p 96.44p 144.81p 159.27p 141.93p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 4,041.00 4,263.00 5,296.00 5,577.00 5,125.00
Net Borrowings £ (Millions) 2,886.00 3,073.00 2,435.00 1,845.00 1,813.00
Net Gearing 71.42% 72.09% 45.98% 33.08% 35.38%
Cash & Near Cash 5,590.00 4,884.00 6,908.00 6,776.00 6,046.00
Cash 138.33% 114.57% 130.44% 121.50% 117.97%
Gross Borrowings 8,476.00 7,957.00 9,343.00 8,621.00 7,859.00
Gross Gearing 209.75% 186.65% 176.42% 154.58% 153.35%
Borrowings Under 5 years 8,476.00 7,957.00 9,343.00 8,621.00 7,859.00
Under 5 years 209.75% 186.65% 176.42% 154.58% 153.35%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles 2,226.00 2,386.00 3,681.00 4,082.00 3,686.00
Net Borrowings £ (Millions) 2,886.00 3,073.00 2,435.00 1,845.00 1,813.00
Net Gearing 129.65% 128.79% 66.15% 45.20% 49.19%
Cash & Near Cash 5,590.00 4,884.00 6,908.00 6,776.00 6,046.00
Cash 251.12% 204.69% 187.67% 166.00% 164.03%
Gross Borrowings 8,476.00 7,957.00 9,343.00 8,621.00 7,859.00
Gross Gearing 380.77% 333.49% 253.82% 211.20% 213.21%
Borrowings Under 5 years 8,476.00 7,957.00 9,343.00 8,621.00 7,859.00
Under 5 years 380.77% 333.49% 253.82% 211.20% 213.21%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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