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M&G

BST:7MP
Snowflake Description

Undervalued with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
7MP
BST
£6B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

M&G Plc through its subsidiaries, engages in savings and investment businesses in the United Kingdom and internationally. The last earnings update was 55 days ago. More info.


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7MP Share Price and Events
7 Day Returns
4.1%
BST:7MP
-0.4%
DE Diversified Financial
-0.3%
DE Market
1 Year Returns
-
BST:7MP
32.9%
DE Diversified Financial
10.4%
DE Market
7MP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
M&G (7MP) 4.1% - - - - -
DE Diversified Financial -0.4% 3.2% 17.6% 32.9% 117.6% 307.4%
DE Market -0.3% 4.2% 12.4% 10.4% 13.9% 17.1%
1 Year Return vs Industry and Market
  • No trading data on 7MP.
  • No trading data on 7MP.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is M&G undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of M&G to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for M&G.

BST:7MP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity
= £2.19 * 13.4%
£0.29
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. £2.19
Discount Rate (Cost of Equity) See below 7.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:7MP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.724 (1 + (1- 19%) (66.49%))
1.076
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.076 * 6.65%)
7.38%

Discounted Cash Flow Calculation for BST:7MP using Excess Returns Model Model

The calculations below outline how an intrinsic value for M&G is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

BST:7MP Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (13.4% – 7.38%) * £2.19)
£0.13
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.13 / (7.38% - 0.23%)
£1.83
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £2.19 + £1.83
£4.02
BST:7MP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:7MP represents 1.16195x of LSE:MNG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.16195x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 4.02 x 1.16195
€4.67
Value per share (EUR) From above. €4.67
Current discount Discount to share price of €2.71
= -1 x (€2.71 - €4.67) / €4.67
42%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price M&G is available for.
Intrinsic value
42%
Share price is €2.71 vs Future cash flow value of €4.67
Current Discount Checks
For M&G to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • M&G's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • M&G's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for M&G's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are M&G's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:7MP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £0.59
LSE:MNG Share Price ** LSE (2019-11-19) in GBP £2.33
Germany Diversified Financial Industry PE Ratio Median Figure of 5 Publicly-Listed Diversified Financial Companies 32.18x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.74x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of M&G.

BST:7MP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:MNG Share Price ÷ EPS (both in GBP)

= 2.33 ÷ 0.59

3.96x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • M&G is good value based on earnings compared to the DE Diversified Financial industry average.
  • M&G is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does M&G's expected growth come at a high price?
Raw Data
BST:7MP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
-14.3%per year
Europe Diversified Financial Industry PEG Ratio Median Figure of 15 Publicly-Listed Diversified Financial Companies 1.32x
Germany Market PEG Ratio Median Figure of 258 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

BST:7MP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 3.96x ÷ -14.3%

-0.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • M&G earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on M&G's assets?
Raw Data
BST:7MP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £3.27
LSE:MNG Share Price * LSE (2019-11-19) in GBP £2.33
Germany Diversified Financial Industry PB Ratio Median Figure of 8 Publicly-Listed Diversified Financial Companies 4.8x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.88x
BST:7MP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:MNG Share Price ÷ Book Value per Share (both in GBP)

= 2.33 ÷ 3.27

0.71x

* Primary Listing of M&G.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • M&G is good value based on assets compared to the DE Diversified Financial industry average.
X
Value checks
We assess M&G's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Diversified Financial industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Diversified Financial industry average (and greater than 0)? (1 check)
  5. M&G has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is M&G expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-14.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is M&G expected to grow at an attractive rate?
  • M&G's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • M&G's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • M&G's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:7MP Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:7MP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts -14.3%
BST:7MP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts -8.9%
Germany Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 16.9%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average -0.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:7MP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:7MP Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 13,061 698 1
2022-12-31 13,061 707 1
2021-12-31 13,061 688 1
2020-12-31 13,061 733 1
2019-12-31 13,061 1,098 1
2019-11-19
BST:7MP Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 22,588 2,128 1,533
2019-03-31 9,988 1,066 1,170
2018-12-31 -2,612 3 806
2017-12-31 27,335 249 1,074
2016-12-31 32,012 2,175 1,134

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • M&G's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • M&G's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:7MP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from M&G Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:7MP Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.77 1.28 0.25 2.00
2022-12-31 0.77 1.27 0.27 2.00
2021-12-31 0.46 1.26 0.25 5.00
2020-12-31 0.26 0.30 0.23 5.00
2019-12-31 0.44 0.46 0.42 5.00
2019-11-19
BST:7MP Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 0.59
2019-03-31 0.45
2018-12-31
2017-12-31
2016-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • M&G is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess M&G's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
M&G has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has M&G performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare M&G's growth in the last year to its industry (Diversified Financial).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if M&G's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare M&G's 1-year earnings growth to the 5-year average due to insufficient past data.
  • M&G's earnings growth has exceeded the Europe Diversified Financial industry average in the past year (62.9% vs 8.8%).
Earnings and Revenue History
M&G's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from M&G Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:7MP Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 22,588.00 1,533.00 2,319.00
2019-03-31 9,988.00 1,169.50 2,346.50
2018-12-31 -2,612.00 806.00 2,374.00
2017-12-31 27,335.00 1,074.00 2,432.00
2016-12-31 32,012.00 1,134.00 2,179.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • M&G has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • M&G used its assets less efficiently than the DE Diversified Financial industry average last year based on Return on Assets.
  • Unable to establish if M&G improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess M&G's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Diversified Financial industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
M&G has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is M&G's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up M&G's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • M&G is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • M&G's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of M&G's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 10.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from M&G Company Filings, last reported 4 months ago.

BST:7MP Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 8,498.00 3,712.00 4,624.00
2019-03-31 8,498.00 3,712.00 4,624.00
2018-12-31 8,799.00 4,055.00 4,739.00
2017-12-31 8,355.00 3,877.00 5,799.00
2016-12-31 7,891.00 1,507.00 5,056.00
  • M&G's level of debt (43.7%) compared to net worth is high (greater than 40%).
  • Unable to establish if M&G's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (57.3%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on M&G's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess M&G's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. M&G has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is M&G's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from M&G dividends. Estimated to be 7.66% next year.
If you bought €2,000 of M&G shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate M&G's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate M&G's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:7MP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:7MP Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.21 2.00
2022-12-31 0.20 2.00
2021-12-31 0.19 7.00
2020-12-31 0.18 8.00
2019-12-31 0.15 8.00
2019-11-19

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as M&G has not reported any payouts.
  • Unable to verify if M&G's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of M&G's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as M&G has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess M&G's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can M&G afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. M&G has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of M&G's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Foley
AGE 63
TENURE AS CEO 2.3 years
CEO Bio

Mr. John William Foley serves as a Director at M&G Group Limited. He serves as a Director at The Prudential Assurance Company Limited. He served as Chief Executive of M&G Prudential Limited since August 2017 until October 2019. Mr. Foley is the Chief Executive Officer at Prudential Lifetime Mortgages Ltd. since October, 2015. Mr. Foley was an Executive Director of Prudential plc since January 19, 2016 until May 16, 2019. Mr. Foley served as Chief Executive of Prudential UK & Europe at Prudential plc since January 19, 2016 until August 2017. Mr. Foley served as Group Investment Director of Prudential plc since August 6, 2013 until October 2015 and served as its Interim Chief Executive of Prudential UK & Europe since October 21, 2015 until January 19, 2016. Mr. Foley served as an Interim Group Chief Risk Officer at Prudential plc from June 1, 2015 to September 1, 2015. Mr. Foley served as the Chief Executive at Prudential Capital, a subsidiary of Prudential plc since 2007 until 2011. He joined in Prudential as the Deputy Group Treasurer in 2000 before being appointed Managing Director of Prudential Capital. He served as Group Chief Risk Officer of Prudential plc from January 1, 2011 to August 2013 and served as its Group Treasurer since 2001 until 2007. He spent three years with National Australia Bank as General Manager of Global Capital Markets. Mr. Foley began his career at Hill Samuel & Co Limited where, over a 20 year period, he worked in every division of the bank, culminating in senior roles in risk, capital markets and treasury of the combined TSB and Hill Samuel Bank. He served as an Executive Director at Prudential plc from January 1, 2011 to April 1, 2014.

CEO Compensation
  • Insufficient data for John to compare compensation growth.
  • Insufficient data for John to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

John Foley

TITLE
Chief Executive
AGE
63
TENURE
2.3 yrs

Clare Bousfield

TITLE
Chief Financial Officer
AGE
51

Jonathan Daniels

TITLE
Chief Investment Officer

Spencer Horgan

TITLE
Director of Investor Relations
AGE
45

William Nicoll

TITLE
Head of Institutional Fixed Income

David Macmillan

TITLE
Chief Customer & Distribution Officer

Joffy Willcocks

TITLE
Global Head of Asset Management Distribution

Roddy Thomson

TITLE
Chief Operating Officer & Managing Director of Heritage
Board of Directors
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess M&G's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. M&G has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

M&G Plc through its subsidiaries, engages in savings and investment businesses in the United Kingdom and internationally. It operates through two segments, Savings & Asset Management and Heritage. It offers retirement, savings, and investment management solutions to its retail and institutional customers. The company also provides individual and corporate pensions, annuities, life, savings, and investment products. It serves individual savers and investors, life insurance policyholders, members of pension schemes, and wholesale and institutional investors. The company was formerly known as M&G Prudential PLC and changed its name to M&G Plc in September 2019. The company was founded in 2017 and is headquartered in London, the United Kingdom.

Details
Name: M&G Plc
7MP
Exchange: BST
Founded: 2017
£7,083,863,432
2,599,906,866
Website: http://www.mandgprudential.com
Address: M&G Plc
10 Fenchurch Avenue,
London,
Greater London, EC3M 5AG,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE MNG Ordinary Shares London Stock Exchange GB GBP 21. Oct 2019
OTCPK MGPU.F Ordinary Shares Pink Sheets LLC US USD 21. Oct 2019
BST 7MP Ordinary Shares Boerse-Stuttgart DE EUR 21. Oct 2019
BATS-CHIXE MNGL Ordinary Shares BATS 'Chi-X Europe' GB GBP 21. Oct 2019
Number of employees
Current staff
Staff numbers
6,331
M&G employees.
Industry
Other Diversified Financial Services
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 22:01
End of day share price update: 2019/11/19 00:00
Last estimates confirmation: 2019/11/15
Last earnings filing: 2019/09/25
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.