M&G plc
DB:7MP Stock Report
M&G Balance Sheet Health
Financial Health criteria checks 3/6 M&G has a total shareholder equity of £3.7B and total debt of £8.1B, which brings its debt-to-equity ratio to 216.5%. Its total assets and total liabilities are £188.7B and £184.9B respectively. M&G's EBIT is £1.2B making its interest coverage ratio 3.6. It has cash and short-term investments of £5.4B.
Key information
216.5%
Debt to equity ratio
Interest coverage ratio 3.6x Cash UK£5.40b Equity UK£3.74b Total liabilities UK£184.94b Total assets UK£188.68b
Recent financial health updates
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First half 2024 earnings released: UK£0.026 loss per share (vs UK£0.029 profit in 1H 2023) Sep 06
M&G plc Declares Interim Dividend, Payable on 18 October 2024 Sep 04
High number of new directors Sep 01
M&G plc Appoints Paul Evans as an Independent Non-Executive Director, Effective 1 October 2024 Jul 01
M&G plc to Report First Half, 2024 Results on Sep 04, 2024 Jun 20
M&G plc to Report First Half, 2024 Results on Sep 04, 2024 Jun 19
M&G plc, Annual General Meeting, May 22, 2024 Apr 17
M&G plc Announces Board Changes Apr 16
M&G plc Announces Second Interim Dividend for the Year Ended 31 December 2023, Payable on May 9 ,2024 Mar 24 M&G plc Appoints Charlotte Heiss and Rob Lewis, Chief Auditor to the Group Executive Committee
Full year 2023 earnings released: EPS: UK£0.13 (vs UK£0.66 loss in FY 2022) Mar 21
M&G plc to Report Fiscal Year 2023 Results on Mar 21, 2024 Jan 26
M&G Appoints Kathy Ryan as Chief Sustainability Officer Oct 31
MG Investments Appoints Amy Cho as Head of Operations for Asia Pacific Oct 28
First half 2023 earnings released: EPS: UK£0.029 (vs UK£0.45 loss in 1H 2022) Sep 21
M&G plc Announces Executive Changes Jul 06
M&G plc Announces Company Secretary Changes Jun 06
M&G plc to Report First Half, 2023 Results on Sep 20, 2023 May 19 M&G plc announced that it has received £48.6 million in funding from Kingdom Holding Company May 06
Full year 2022 earnings released: UK£0.66 loss per share (vs UK£0.033 profit in FY 2021) Mar 27
Now 22% undervalued Mar 17
M&G plc Appoints Joseph Pinto as its Next Chief Executive Officer of M&G Asset Management Jan 17
M&G plc to Report Fiscal Year 2022 Results on Mar 09, 2023 Dec 03
High number of new and inexperienced directors Nov 16 M&G plc Announces Executive Changes
Supermarket Income REIT plc (LSE:SUPR) acquired Tesco supermarket in Llanelli, South Wales from M&G plc (LSE:MNG) for £66.8 million Sep 15
M&G plc Declares Interim Dividend, Payable on 29 September 2022 Aug 11
M&G plc (LSE:MNG) agreed to acquire 49.9% stake in Continuum (Financial Services) LLP. Aug 04
Investor sentiment improved over the past week Jul 23
M&G plc Announces Committee Membership Changes May 26
M&G plc to Report First Half, 2022 Results on Aug 11, 2022 May 12 M&G plc Appoints Kathryn McLeland as Executive Director
M&G plc Announces Retirement of John Foley as Chief Executive Apr 28
High number of new directors Apr 27
M&G plc, Annual General Meeting, May 25, 2022 Apr 14
M&G plc, Annual General Meeting, May 25, 2022 Apr 13 M&G plc Declares Second Interim Dividend, Payable on April 28, 2022
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Mar 09
M&G plc to Report Fiscal Year 2021 Results on Mar 08, 2022 Mar 06
M&G plc Appoints Edward Braham as Chair of the Board with Effect from 14 March 2022 Feb 25
M&G plc (LSE:MNG) acquired TCF Fund Managers LLP. Feb 18
M&G plc (LSE:MNG) agreed to acquire 90% stake in responsAbility Investments AG. Jan 28 M&G plc (LSE:MNG) agreed to acquire 90% stake in responsAbility Investments AG.
M&G plc (LSE:MNG) agreed to acquire a 6.3% stake in Bluewater Shopping Centre from Land Securities Group plc (LSE:LAND). Dec 23
M&G plc (LSE:MNG) acquired Multimodel Container Services Beheer B.V. Dec 17
Independent Non-Executive Director recently bought €67k worth of stock Dec 04
Independent Non-Executive Director recently bought €237k worth of stock Nov 23
Insider recently bought €131k worth of stock Aug 14
First half 2021 earnings released: UK£0.098 loss per share (vs UK£0.32 profit in 1H 2020) Aug 12
Clearbell UK Strategic Trust, managed by Clearbell Capital LLP and Lasalle Global Partner Solutions Limited acquired 39,000 sq ft office at 46 Clarendon Road in Watford from M&G plc (LSE:MNG). Aug 12
Financial Position Analysis
Short Term Liabilities: 7MP's short term assets (£29.5B) exceed its short term liabilities (£23.9B).
Long Term Liabilities: 7MP's short term assets (£29.5B) do not cover its long term liabilities (£161.0B).
Debt to Equity History and Analysis
Debt Level: 7MP's net debt to equity ratio (72.1%) is considered high .
Reducing Debt: 7MP's debt to equity ratio has increased from 43.7% to 216.5% over the past 5 years.
Debt Coverage: 7MP's debt is well covered by operating cash flow (21.6%).
Interest Coverage: 7MP's interest payments on its debt are well covered by EBIT (3.6x coverage).
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