Morgan Sindall Group
Market Cap
UK£828.1m
Last Updated
2021/03/08 19:41 UTC
Data Sources
Company Financials +
Executive Summary
Morgan Sindall Group plc operates as a construction and regeneration company in the United Kingdom. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet average dividend payer.
Similar Companies
Share Price & News
How has Morgan Sindall Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MGNS is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: MGNS's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
8.8%
MGNS
4.8%
GB Construction
0.7%
GB Market
1 Year Return
10.8%
MGNS
6.3%
GB Construction
13.7%
GB Market
Return vs Industry: MGNS exceeded the UK Construction industry which returned -1.3% over the past year.
Return vs Market: MGNS exceeded the UK Market which returned 4.6% over the past year.
Shareholder returns
| MGNS | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.8% | 4.8% | 0.7% |
| 30 Day | 22.9% | 6.2% | 1.7% |
| 90 Day | 30.6% | 9.7% | 3.6% |
| 1 Year | 12.5%10.8% | 8.3%6.3% | 20.3%13.7% |
| 3 Year | 60.5%45.6% | -16.9%-31.5% | 9.7%-3.5% |
| 5 Year | 176.5%133.5% | -3.4%-29.9% | 40.2%13.2% |
Long-Term Price Volatility Vs. Market
How volatile is Morgan Sindall Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
What Type Of Shareholders Make Up Morgan Sindall Group plc's (LON:MGNS) Share Registry?2 weeks ago | Simply Wall St
Are Morgan Sindall Group's (LON:MGNS) Statutory Earnings A Good Guide To Its Underlying Profitability?1 month ago | Simply Wall St
Is Morgan Sindall Group (LON:MGNS) A Future Multi-bagger?Valuation
Is Morgan Sindall Group undervalued compared to its fair value and its price relative to the market?
18.5x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MGNS (£18.46) is trading above our estimate of fair value (£16.16)
Significantly Below Fair Value: MGNS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MGNS is poor value based on its PE Ratio (18.5x) compared to the GB Construction industry average (14.3x).
PE vs Market: MGNS is good value based on its PE Ratio (18.5x) compared to the UK market (24.1x).
Price to Earnings Growth Ratio
PEG Ratio: MGNS is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: MGNS is overvalued based on its PB Ratio (2x) compared to the GB Construction industry average (1.3x).
Next Steps
Future Growth
How is Morgan Sindall Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
19.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MGNS's forecast earnings growth (19.7% per year) is above the savings rate (1%).
Earnings vs Market: MGNS's earnings (19.7% per year) are forecast to grow slower than the UK market (22.6% per year).
High Growth Earnings: MGNS's earnings are forecast to grow, but not significantly.
Revenue vs Market: MGNS's revenue (3.5% per year) is forecast to grow slower than the UK market (6.6% per year).
High Growth Revenue: MGNS's revenue (3.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MGNS's Return on Equity is forecast to be low in 3 years time (16.3%).
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Past Performance
How has Morgan Sindall Group performed over the past 5 years?
20.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MGNS has high quality earnings.
Growing Profit Margin: MGNS's current net profit margins (1.5%) are lower than last year (2.3%).
Past Earnings Growth Analysis
Earnings Trend: MGNS has become profitable over the past 5 years, growing earnings by 20.9% per year.
Accelerating Growth: MGNS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MGNS had negative earnings growth (-36.1%) over the past year, making it difficult to compare to the Construction industry average (-32.4%).
Return on Equity
High ROE: MGNS's Return on Equity (10.6%) is considered low.
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Financial Health
How is Morgan Sindall Group's financial position?
Financial Position Analysis
Short Term Liabilities: MGNS's short term assets (£1.1B) exceed its short term liabilities (£978.9M).
Long Term Liabilities: MGNS's short term assets (£1.1B) exceed its long term liabilities (£79.7M).
Debt to Equity History and Analysis
Debt Level: MGNS's debt to equity ratio (15.7%) is considered satisfactory.
Reducing Debt: MGNS's debt to equity ratio has reduced from 23.2% to 15.7% over the past 5 years.
Debt Coverage: MGNS's debt is well covered by operating cash flow (262.5%).
Interest Coverage: MGNS's interest payments on its debt are well covered by EBIT (26.3x coverage).
Balance Sheet
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Dividend
What is Morgan Sindall Group current dividend yield, its reliability and sustainability?
4.33%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: MGNS's dividend (4.33%) is higher than the bottom 25% of dividend payers in the UK market (1.49%).
High Dividend: MGNS's dividend (4.33%) is low compared to the top 25% of dividend payers in the UK market (4.49%).
Stability and Growth of Payments
Stable Dividend: MGNS's dividend payments have been volatile in the past 10 years.
Growing Dividend: MGNS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (61.1%), MGNS's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MGNS's dividends in 3 years are forecast to be well covered by earnings (38.5% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
8.1yrs
Average management tenure
CEO
John Morgan (64 yo)
8.33yrs
Tenure
UK£2,185,000
Compensation
Mr. John Christopher Morgan Founded Morgan Sindall Group plc and has been its Chief Executive Officer since November 6, 2012. Mr. Morgan served as the Chief Executive Officer of Morgan Sindall Plc from 199...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD3.02M) is above average for companies of similar size in the UK market ($USD1.02M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 8.33yrs | UK£2.19m | 8.92% £ 73.9m | |
| Finance Director & Director | 8.08yrs | UK£1.75m | 0.36% £ 3.0m | |
| General Counsel | no data | no data | no data | |
| Communications Manager | no data | no data | no data | |
| Director of People | no data | no data | no data | |
| Managing Director of Muse Developments | 20yrs | no data | no data | |
| Head of Supply Chain Utility Services - Construction and Infrastructure Division | no data | no data | no data | |
| Managing Director of Morgan Sindall Construction | 7.17yrs | no data | no data | |
| Managing Director of Overbury and Morgan Lovell | 8.17yrs | no data | no data | |
| Managing Director of Baker Hicks | no data | no data | no data | |
| Head of Bid Management and Proposals | no data | no data | no data | |
| Managing Director of Infrastructure | 3.75yrs | no data | no data |
8.1yrs
Average Tenure
Experienced Management: MGNS's management team is seasoned and experienced (8.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 8.33yrs | UK£2.19m | 8.92% £ 73.9m | |
| Finance Director & Director | 8.08yrs | UK£1.75m | 0.36% £ 3.0m | |
| Chairman | 4.42yrs | UK£175.00k | 0.0091% £ 75.1k | |
| Senior Independent Director | 2.17yrs | UK£58.00k | 0.0087% £ 72.0k | |
| Independent Non-Executive Director | 5.33yrs | UK£68.00k | 0.022% £ 180.0k | |
| Independent Non-Executive Director | 3.83yrs | UK£58.00k | 0.0013% £ 11.0k | |
| Independent Non-Executive Director | 1yr | no data | no data |
4.4yrs
Average Tenure
59.5yo
Average Age
Experienced Board: MGNS's board of directors are considered experienced (4.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Morgan Sindall Group plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Morgan Sindall Group plc
- Ticker: MGNS
- Exchange: LSE
- Founded: 1953
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: UK£828.135m
- Shares outstanding: 46.01m
- Website: https://www.morgansindall.com
Number of Employees
Location
- Morgan Sindall Group plc
- Kent House
- 14-17 Market Place
- London
- Greater London
- W1W 8AJ
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MGNS | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| MGNSL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
Biography
Morgan Sindall Group plc operates as a construction and regeneration company in the United Kingdom. The company operates in six divisions: Construction & Infrastructure, Fit Out, Property Services, Partner...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/08 19:41 |
| End of Day Share Price | 2021/03/08 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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 here.