Morgan Sindall Group
Market Cap
UK£591.4m
Last Updated
2020/06/05 20:40 UTC
Data Sources
Company Financials +
Executive Summary
Morgan Sindall Group plc operates as a construction and regeneration company in the United Kingdom.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and good value.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
7.4%
MGNS
4.8%
GB Construction
5.5%
GB Market
1 Year Return
6.3%
MGNS
-21.5%
GB Construction
-9.2%
GB Market
Return vs Industry: MGNS exceeded the UK Construction industry which returned -21.7% over the past year.
Return vs Market: MGNS exceeded the UK Market which returned -10% over the past year.
Shareholder returns
| MGNS | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.4% | 4.8% | 5.5% |
| 30 Day | 8.6% | 5.1% | 10.8% |
| 90 Day | -25.0% | -8.9% | -0.4% |
| 1 Year | 8.4%6.3% | -9.0%-21.5% | -4.8%-9.2% |
| 3 Year | 12.9%2.7% | -36.5%-50.2% | -0.8%-12.9% |
| 5 Year | 79.8%51.7% | -29.7%-52.0% | 18.1%-8.2% |
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 week ago | Simply Wall St
How Much is Morgan Sindall Group plc's (LON:MGNS) CEO Getting Paid?3 weeks ago | Simply Wall St
Is Now The Time To Look At Buying Morgan Sindall Group plc (LON:MGNS)?1 month ago | Simply Wall St
With EPS Growth And More, Morgan Sindall Group (LON:MGNS) Is InterestingValuation
Is Morgan Sindall Group undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MGNS (£13.1) is trading below our estimate of fair value (£38.6)
Significantly Below Fair Value: MGNS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MGNS is poor value based on its PE Ratio (8.3x) compared to the Construction industry average (8x).
PE vs Market: MGNS is good value based on its PE Ratio (8.3x) compared to the UK market (15x).
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 (1.5x) compared to the GB Construction industry average (1.2x).
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?
9.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MGNS's forecast earnings growth (9.1% per year) is above the savings rate (1.2%).
Earnings vs Market: MGNS's earnings (9.1% per year) are forecast to grow slower than the UK market (21.2% per year).
High Growth Earnings: MGNS's earnings are forecast to grow, but not significantly.
Revenue vs Market: MGNS's revenue (0.5% per year) is forecast to grow slower than the UK market (3.6% per year).
High Growth Revenue: MGNS's revenue (0.5% 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 (15.9%).
Next Steps
Past Performance
How has Morgan Sindall Group performed over the past 5 years?
42.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MGNS has a high level of non-cash earnings.
Growing Profit Margin: MGNS's current net profit margins (2.3%) are higher than last year (2.2%).
Past Earnings Growth Analysis
Earnings Trend: MGNS's earnings have grown significantly by 42.9% per year over the past 5 years.
Accelerating Growth: MGNS's earnings growth over the past year (6.6%) is below its 5-year average (42.9% per year).
Earnings vs Industry: MGNS earnings growth over the past year (6.6%) underperformed the Construction industry 11.3%.
Return on Equity
High ROE: MGNS's Return on Equity (17.9%) is considered low.
Next Steps
Financial Health
How is Morgan Sindall Group's financial position?
Financial Position Analysis
Short Term Liabilities: MGNS's short term assets (£993.3M) exceed its short term liabilities (£918.1M).
Long Term Liabilities: MGNS's short term assets (£993.3M) exceed its long term liabilities (£80.6M).
Debt to Equity History and Analysis
Debt Level: MGNS is debt free.
Reducing Debt: MGNS has no debt compared to 5 years ago when its debt to equity ratio was 12.2%.
Debt Coverage: MGNS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MGNS has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Morgan Sindall Group's current dividend yield, its reliability and sustainability?
3.65%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MGNS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MGNS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MGNS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MGNS's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MGNS is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MGNS's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.4yrs
Average management tenure
CEO
John Morgan (63yo)
7.58yrs
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 ($USD2.75M) is above average for companies of similar size in the UK market ($USD1.12M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 7.58yrs | UK£2.19m | 9.1% £53.8m | |
| Finance Director & Director | 7.33yrs | UK£1.75m | 0.36% £2.2m | |
| 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 | 19.25yrs | 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 | 6.42yrs | no data | no data | |
| Managing Director of Overbury and Morgan Lovell | 7.42yrs | no data | no data | |
| Managing Director of Baker Hicks | no data | no data | no data |
7.4yrs
Average Tenure
Experienced Management: MGNS's management team is seasoned and experienced (7.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 7.58yrs | UK£2.19m | 9.1% £53.8m | |
| Finance Director & Director | 7.33yrs | UK£1.75m | 0.36% £2.2m | |
| Chairman | 3.67yrs | UK£175.00k | 0.0092% £54.6k | |
| Senior Independent Director | 1.42yrs | UK£58.00k | 0.0089% £52.4k | |
| Independent Non-Executive Director | 4.58yrs | UK£68.00k | 0.022% £131.0k | |
| Non-Executive Director | 3.08yrs | UK£58.00k | 0.0014% £8.0k | |
| Non-Executive Director | 0.25yr | no data | no data |
3.7yrs
Average Tenure
58.5yo
Average Age
Experienced Board: MGNS's board of directors are considered experienced (3.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MGNS 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£591.402m
- Shares outstanding: 45.15m
- 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, Partnership Housing, Urban Regeneration, and Investments. The Construction & Infrastructure division offers infrastructure services to highways, rail, aviation, energy, water, and nuclear markets; and construction services in education, healthcare, defence, commercial, industrial, leisure, and retail markets. This division also offers multi-disciplinary design and engineering consultancy services. The Fit Out division specializes in fit out and refurbishment projects in commercial, central, and local government offices, as well as education, and retail banking markets. This division also provides office interior design and build services. The Property Services division offers planned maintenance and responsive repair services to social housing and the public sector. The Partnership Housing division engages in the mixed-tenure development; building and developing homes for open market; sale and affordable rent; design and build contracting; and planned maintenance and refurbishment activities. The Urban Regeneration division works with landowners and public sector partners to transform the urban landscape through the development of multi-phase sites and mixed-use regeneration, including residential, commercial, retail, and leisure facilities. The Investments division provides opportunities across construction and regeneration activities. The company was incorporated in 1953 and is headquartered in London, the United Kingdom.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/05 20:40 |
| End of Day Share Price | 2020/06/05 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.