M&G (MNG)

Sector:

Financials

Index:

FTSE 100

201.90p
   
  • Change Today:
      2.05p
  • 52 Week High: 238.80
  • 52 Week Low: 193.70
  • Currency: UK Pounds
  • Shares Issued: 2,380.49m
  • Volume: 14,571,279
  • Market Cap: £4,806.20m
  • RiskGrade: 186
  • Beta: 1.16

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
Total Dividend19.70p19.60p18.30p18.23p11.92p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 3,887.00 3,325.00 4,784.00 5,796.00 11,074.00
Operating Profit/(Loss) 886.00 (2,895.00) 867.00 1,827.00 1,755.00
Profit Before Tax 749.00 (3,019.00) 81.00 1,605.00 1,745.00
Profit After Tax 309.00 (2,055.00) 92.00 1,142.00 1,065.00
Discontinued Operations          
Profit After Tax n/a n/a n/a n/a 58.00
PROFIT FOR THE PERIOD 309.00 (2,055.00) 92.00 1,142.00 1,123.00
Attributable to:          
Equity Holders of Parent Company 297.00 (2,068.00) 83.00 1,138.00 1,123.00
Minority Interests 12.00 13.00 9.00 4.00 n/a
           
Continuing EPS          
Earnings per Share - Basic 12.70p (83.60p) 3.30p 44.40p 40.90p
Earnings per Share - Diluted 12.40p (83.60p) 3.20p 44.00p 40.80p
Earnings per Share - Adjusted 12.70p (83.60p) 3.30p 44.40p 40.90p
Continuing and Discontinued EPS          
Earnings per Share - Basic 12.70p (83.60p) 3.30p 44.40p 43.10p
Earnings per Share - Diluted 12.40p (83.60p) 3.20p 44.00p 43.00p
Earnings per Share - Adjusted 12.70p (83.60p) 3.30p 44.40p 43.10p
           
Dividend per Share 19.70p 19.60p 18.30p 18.23p 11.92p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Assets          
Property, Plant & Equipment 2,065.00 1,953.00 2,536.00 2,066.00 1,505.00
Intangible Assets 1,815.00 1,877.00 1,615.00 1,495.00 1,439.00
Investment Properties 15,422.00 16,505.00 19,698.00 19,106.00 19,136.00
Investments 66,535.00 70,540.00 74,538.00 68,875.00 72,912.00
Other Financial Assets n/a n/a n/a n/a n/a
Insurance/Re-Insurance Assets 1,143.00 1,121.00 n/a 11,761.00 11,958.00
           
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables n/a n/a n/a n/a n/a
Cash at Bank & in Hand 5,590.00 4,884.00 6,908.00 6,776.00 6,046.00
Other Current Assets 67.00 255.00 375.00 418.00 375.00
Other Assets 96,985.00 94,023.00 113,464.00 118,229.00 112,872.00
Total Assets 189,622.00 191,158.00 219,134.00 228,726.00 226,243.00
           
Liabilities          
Insurance Contracts 142,135.00 141,976.00 n/a 76,650.00 78,480.00
Provisions for Risks and Charges n/a n/a n/a n/a n/a
Other Insurance Liabilities 357.00 348.00 n/a n/a n/a
Borrowings 8,476.00 7,957.00 9,343.00 8,621.00 7,859.00
Provisions 764.00 885.00 1,557.00 1,151.00 1,391.00
Other Liabilities 33,806.00 35,681.00 202,889.00 136,719.00 133,382.00
Total Liabilities 185,538.00 186,847.00 213,789.00 223,141.00 221,112.00
           
Net Assets 4,084.00 4,311.00 5,345.00 5,585.00 5,131.00
           
Capital & Reserves          
Share Capital 119.00 119.00 130.00 130.00 130.00
Share Premium Account 379.00 370.00 370.00 370.00 370.00
Other Reserves (11,680.00) (11,730.00) (11,754.00) (11,776.00) (11,717.00)
Retained Earnings 15,223.00 15,504.00 16,550.00 16,853.00 16,342.00
Shareholders Funds 4,041.00 4,263.00 5,296.00 5,577.00 5,125.00
           
Minority Interests/Other Equity 43.00 48.00 49.00 8.00 6.00
Total Equity 4,084.00 4,311.00 5,345.00 5,585.00 5,131.00
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 2,016.00 (504.00) 1,302.00 2,576.00 206.00
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (603.00) (368.00) (466.00) (957.00) (382.00)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (680.00) (1,202.00) (681.00) (880.00) (344.00)
Net Increase/Decrease In Cash 733.00 (2,074.00) 155.00 739.00 (520.00)
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 17.5 n/a 60.5 4.5 5.8
PEG - Adjusted n/a n/a n/a 0.5 0.2
Earnings per Share Growth - Adjusted n/a n/a -93% 9% 32%
Dividend Cover 0.64 (4.27) 0.18 2.44 3.43
Revenue per Share 165.40p 134.40p 1.90p 226.14p 426.42p
Pre-Tax Profit per Share 31.87p (122.03p) 0.032p 62.62p 67.19p
Operating Margin 22.79% (87.07%) 18.12% 31.52% 15.85%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 17.5 n/a 5,989.1 4.5 5.5
PEG - Adjusted n/a n/a n/a 1.5 0.0
Earnings per Share Growth - Adjusted n/a n/a -100% 3% 3,492%
Dividend Cover 0.64 (4.27) n/a 2.44 3.62
           
Dividend Yield 8.9% 10.4% 9.2% 9.2% 5.0%
Dividend per Share Growth 0.51% 7.10% 0.38% 52.94% n/a
Operating Cash Flow per Share 85.79p (20.37p) 51.22p 100.51p 7.93p
Cash Incr/Decr per Share 31.19p (83.83p) 0.062p 28.83p (20.02p)
Net Asset Value per Share (exc. Intangibles) 96.55p 98.38p 146.74p 159.58p 142.16p
Net Gearing n/a n/a n/a n/a n/a

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

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: Forecast figures based on normalised accounts.

 

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