# M&G plc (MNG.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services / Capital Markets. Price 357p, market value 8.6 billionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). M&G plc reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **PEG: 0.06**. A PEG of 0.06 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.3×**. Each dollar of revenue is priced at 0.3×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 2.7×**. The shares trade at 2.7× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 4.1×**. Enterprise value is 4.1× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 11.6%** (5-yr avg 0.1%). Free cash flow equals 11.6% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Gross margin: 105.6%**. M&G plc keeps 105.6% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 15.9%**. 15.9% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 1.4%**. 1.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 9.6%**. 9.6% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 42.1%**. Return on all capital, debt included, is 42.1%: comfortably above what that capital costs.
- **Return on assets: -0.0%**. Each dollar of assets produces -0.0% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 92.6%** (5-yr 6.6%/yr). Revenue grew 92.6% over the last year, against 6.6% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 180.0%** (5-yr -22.9%/yr). Earnings per share rose 180.0%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.
- **Cash and short-term investments: 4.9 billionp**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 5.76%** (0p per share, trailing). M&G plc yields 5.76%, an income-level yield.
- **Payout ratio: 160%** (96% of free cash flow). The dividend exceeds earnings (160% payout), though free cash flow still covers it.
- **Consecutive years of increases: 1**. 1 straight year of increases.
- **Dividend growth (5 yr): -1.5%/yr** (1-yr 2.0%). The dividend has not grown over five years.
- **Shareholder yield: 5.6%**. Dividends plus net buybacks return 5.6% of the market value a year.

## Analyst view
- **Analyst consensus: hold** (10 analysts). 10 analysts cover M&G plc; the consensus is hold, with an average price target of 324p (-9% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 37.2%** (YTD 24.8%, 3-mo 14.1%). The shares are up 37.2% over twelve months including dividends.
- **From 52-week high: -2.9%** (43.4% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 58**. An RSI of 58 is neutral.
- **Beta (1 yr): 1.06** (volatility 20%). Beta of 1.06 against the FTSE All-Share: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MNG.L · Page: https://foliofundamentals.com/stocks/mng.l

Not investment advice.