M&G plc
LSE:MNG 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
Show all updates
First half 2024 earnings released: UK£0.026 loss per share (vs UK£0.029 profit in 1H 2023) Sep 06
Consensus EPS estimates increase by 44% Sep 05
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
Consensus EPS estimates fall by 11% Apr 05
New minor risk - Earnings quality Mar 25
Final dividend reduced to UK£0.13 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
Chief Executive of Retail & Savings exercised options and sold UK£164k worth of stock Apr 08
Full year 2022 earnings released: UK£0.66 loss per share (vs UK£0.033 profit in FY 2021) Mar 27
Now 23% undervalued Mar 16
Consensus EPS estimates fall by 14% Feb 16
Consensus EPS estimates fall by 18% Feb 12
Consensus EPS estimates fall by 16% Feb 09
M&G plc Appoints Joseph Pinto as its Next Chief Executive Officer of M&G Asset Management Jan 17
Consensus forecasts updated Dec 09
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
Now 21% undervalued after recent price drop Jul 14
Consensus EPS estimates fall by 12% Jul 11
Now 21% undervalued after recent price drop Jun 10
M&G plc Announces Committee Membership Changes May 26
Group CEO & Executive Director exercised options and sold UK£51k worth of stock May 13
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
Now 23% undervalued Mar 17 M&G plc Declares Second Interim Dividend, Payable on April 28, 2022
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind 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
Now 23% undervalued Feb 24
M&G plc (LSE:MNG) acquired TCF Fund Managers LLP. Feb 18
Consensus EPS estimates fall by 19% Feb 12
Now 20% undervalued Feb 04
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
Consensus forecasts updated Dec 14
Independent Non-Executive Director recently bought UK£57k worth of stock Dec 04
Independent Non-Executive Director recently bought UK£200k worth of stock Nov 23
Consensus EPS estimates fall to UK£0.13 Aug 17
Insider recently bought UK£112k 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
Consensus revenue estimates fall to UK£18.8b Jun 26
Consensus forecasts updated May 13
Consensus forecasts updated Apr 14
CEO & Director exercised options and sold UK£784k worth of stock Apr 09
Independent Chair has left the company Apr 08
Full year 2020 earnings released: EPS UK£0.44 (vs UK£0.41 in FY 2019) Mar 27
Independent Non-Executive Director has left the company Mar 16
M&G plc (LON:MNG) Passed Our Checks, And It's About To Pay A UK£0.12 Dividend Mar 13
Full year 2020 earnings released: EPS UK£0.44 (vs UK£0.41 in FY 2019) Mar 11
New 90-day high: UK£2.05 Mar 09
Are Insiders Buying M&G plc (LON:MNG) Stock? Mar 08
Clare Chapman Joins the Board of M&G plc Mar 05
What You Need To Know About M&G plc's (LON:MNG) Investor Composition Feb 01
M&G plc Announces Board Update Jan 12
Here's How We Evaluate M&G plc's (LON:MNG) Dividend Jan 05
New 90-day high: UK£2.01 Dec 17
Who Has Been Buying M&G plc (LON:MNG) Shares? Dec 01
M&G plc Announces Executive Changes Nov 27
Colmore Capital acquired 16-acre Wavendon Business Park in Milton Keynes from M&G plc (LSE:MNG). Nov 25
Market bids up stock over the past week Nov 13
Market bids up stock over the past week Nov 09
New 90-day low: UK£1.45 Nov 03
M&G plc to Report Fiscal Year 2020 Results on Mar 09, 2021 Oct 17
Financial Position Analysis
Short Term Liabilities: MNG's short term assets (£29.5B) exceed its short term liabilities (£23.9B).
Long Term Liabilities: MNG's short term assets (£29.5B) do not cover its long term liabilities (£161.0B).
Debt to Equity History and Analysis
Debt Level: MNG's net debt to equity ratio (72.1%) is considered high .
Reducing Debt: MNG's debt to equity ratio has increased from 43.7% to 216.5% over the past 5 years.
Debt Coverage: MNG's debt is well covered by operating cash flow (21.6%).
Interest Coverage: MNG's interest payments on its debt are well covered by EBIT (3.6x coverage).
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