M&G plc

LSE:MNG Stock Report

Market Cap: UK£8.4b

M&G Future Growth

Future criteria checks 4/6

M&G's revenue is forecast to decline at 66% per annum while its annual earnings are expected to grow at 27.5% per year. EPS is expected to grow by 26.3% per annum. Return on equity is forecast to be 21.8% in 3 years.

Key information

27.5%

Earnings growth rate

26.28%

EPS growth rate

Diversified Financial earnings growth19.8%
Revenue growth rate-66.0%
Future return on equity21.83%
Analyst coverage

Good

Last updated16 Jul 2026

Recent future growth updates

Recent updates

Narrative Update • Jul 10

MNG: Future Returns Will Rely On Uncertain Margin Execution

The analyst price target for M&G has been raised modestly, with the fair value estimate moving from about £3.03 to about £3.09 as analysts factor in a slightly lower discount rate and marginally higher assumed profit margins, while Street targets, including recent moves to £2.95 and £3.10, provide additional support for this adjustment. Analyst Commentary Recent Street research on M&G points to a mixed but generally constructive tone around the stock, with several price target adjustments clustering around the current fair value range.
Narrative Update • Jun 26

MNG: Dai Ichi Stake And Neutral Ratings Will Limit Share Upside

The analyst price target for M&G has been lifted slightly, with recent Street research pointing to higher fair value of around £3.00 per share, supported by updated assumptions on discount rates, profit margins and future P/E. Analyst Commentary Recent Street research on M&G points to a mixed backdrop, with several firms lifting price targets into the £2.90 to £3.10 range while still framing the stock in more neutral terms such as Neutral, Equal Weight or similar labels.
New Narrative • May 12

Fee Based Earnings Shift And Cost Discipline Will Support Long Term Stability

Catalysts About M&G M&G is a diversified savings and investment company with asset management and life insurance operations, including the large U.K. With-Profits Fund and PruFund franchise. What are the underlying business or industry changes driving this perspective?
New Narrative • Apr 28

Fee Based Shift And Private Markets Exposure Will Pressure Revenue And Earnings Quality

Catalysts About M&G M&G is a savings and investment group with asset management and life insurance operations, including with profits, annuities and retirement solutions. What are the underlying business or industry changes driving this perspective?

Earnings and Revenue Growth Forecasts

LSE:MNG - Analysts future estimates and past financials data (GBP Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20281,279762N/AN/A1
12/31/20271,211704N/AN/A1
12/31/20261,152516N/AN/A1
12/31/20257,344302778953N/A
9/30/20256,8431241,0551,249N/A
6/30/20256,341-551,3311,544N/A
3/31/20255,900-2078601,111N/A
12/31/20245,459-360388677N/A
9/30/20245,833-96N/AN/AN/A
6/30/20246,2061678821,297N/A
3/31/20246,2432321,0531,508N/A
12/31/20236,2802971,2231,719N/A
9/30/20234,926-277N/AN/AN/A
6/30/20233,572-851-184217N/A
3/31/20232,658-1,459-630-143N/A
12/31/20221,743-2,068-1,077-504N/A
9/30/20225,083-1,441-327321N/A
6/30/20228,422-8154231,145N/A
3/31/202212,528-3664781,224N/A
12/31/202116,634835321,302N/A
9/30/202120,257737681,679N/A
6/30/202123,879631,0032,056N/A
3/31/202120,0136011,3792,316N/A
12/31/202016,1461,1381,7552,576N/A
9/30/202015,6631,1161,2261,857N/A
6/30/202015,1791,0936961,138N/A
3/31/202024,1681,078255672N/A
12/31/201933,1561,062-187206N/A
6/30/201922,5911,535N/A2,659N/A
3/31/201910,1151,172N/A2,033N/A
12/31/2018-2,362809N/A1,406N/A
12/31/201727,3351,074N/A249N/A
12/31/201632,0121,134N/A2,175N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MNG's forecast earnings growth (27.5% per year) is above the savings rate (3.4%).

Earnings vs Market: MNG's earnings (27.5% per year) are forecast to grow faster than the UK market (11.4% per year).

High Growth Earnings: MNG's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MNG's revenue is expected to decline over the next 3 years (-66% per year).

High Growth Revenue: MNG's revenue is forecast to decline over the next 3 years (-66% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MNG's Return on Equity is forecast to be high in 3 years time (21.8%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/20 12:07
End of Day Share Price 2026/07/17 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

M&G plc is covered by 15 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Claudia GaspariBarclays
Larissa Van DeventerBarclays
Michael HuttnerBerenberg