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Morgan Sindall
(LSE:MGNS)
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Rating:68Neutral
Price Target:
4,314.00 p
▼(-1.69% Downside)
Action:Downgraded
Date:08/06/26
The score is driven primarily by solid financial performance (consistent revenue growth, improved earnings, and manageable leverage) and supportive valuation (low P/E with a reasonable dividend). These positives are tempered by weak technicals—price below major moving averages and negative MACD—suggesting near-term momentum remains soft.
Positive Factors
Consistent revenue growth
Sustained revenue growth indicates continuing demand for Morgan Sindall’s construction, infrastructure, fit-out and regeneration services. A multi-year expansion in turnover can support stronger resource utilization, broaden the operating base and provide a durable platform for further earnings development.
Negative Factors
Structurally thin margins
Thin construction margins leave limited room for errors in bidding, delivery or cost control. Even with improved earnings, adverse project mix or cost deterioration could reduce profitability quickly, making sustained execution discipline important to protect earnings over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth
Sustained revenue growth indicates continuing demand for Morgan Sindall’s construction, infrastructure, fit-out and regeneration services. A multi-year expansion in turnover can support stronger resource utilization, broaden the operating base and provide a durable platform for further earnings development.
Read all positive factors
Morgan Sindall (MGNS) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.88B
Dividend Yield3.92%
Average Volume (3M)84.15K
Price to Earnings (P/E)10.0
Beta (1Y)0.83
Revenue Growth10.84%
EPS Growth24.56%
CountryUK
Employees8,500
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)4.02
Shares Outstanding48,671,635
10 Day Avg. Volume60,589
30 Day Avg. Volume84,146
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)2.92
Price to Sales (P/S)0.44
P/FCF Ratio11.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£5,800.00Price Target Upside32.18% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)3.65
Revenue Forecast (FY)£5.29B
Morgan Sindall Business Overview & Revenue Model
Company Description
Morgan Sindall Group plc is a prominent construction and regeneration company operating across the United Kingdom. Its operations are organized into five distinct business units: Construction & Infrastructure, Fit Out, Property Services, Partnersh...
How the Company Makes Money
Morgan Sindall primarily makes money by delivering contracted construction and infrastructure work and being paid for project delivery services, with revenue typically recognized as work is performed on projects. A major revenue stream comes from ...
Morgan Sindall Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.21B | 5.02B | 4.55B | 4.12B | 3.61B | 3.21B |
| Gross Profit | 644.80M | 612.00M | 529.90M | 446.70M | 370.90M | 382.80M |
| EBITDA | 279.90M | 255.60M | 209.30M | 162.90M | 111.00M | 147.00M |
| Net Income | 189.00M | 174.90M | 131.70M | 117.70M | 60.90M | 97.90M |
Balance Sheet | ||||||
| Total Assets | 2.50B | 2.45B | 2.13B | 2.03B | 1.79B | 1.71B |
| Cash, Cash Equivalents and Short-Term Investments | 491.60M | 590.50M | 544.20M | 541.30M | 431.70M | 468.60M |
| Total Debt | 141.50M | 132.90M | 118.50M | 144.40M | 134.00M | 163.40M |
| Total Liabilities | 1.73B | 1.70B | 1.48B | 1.46B | 1.30B | 1.23B |
| Stockholders Equity | 773.30M | 748.80M | 647.20M | 568.10M | 496.20M | 474.20M |
Cash Flow | ||||||
| Free Cash Flow | 190.60M | 189.90M | 110.60M | 181.40M | 42.90M | 102.50M |
| Operating Cash Flow | 208.10M | 205.90M | 128.80M | 196.00M | 54.70M | 110.50M |
| Investing Cash Flow | -32.70M | -44.80M | 4.70M | -11.00M | 8.30M | -4.50M |
| Financing Cash Flow | -146.60M | -122.30M | -101.80M | -78.90M | -66.80M | -80.80M |
Morgan Sindall Technical Analysis
Negative
4388.00
Price Trends
4522.76
Negative
4566.47
Negative
4597.28
Negative
Market Momentum
-121.56
Positive
25.27
Positive
9.73
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MGNS, the sentiment is Negative. The current price of 4388 is above the 20-day moving average (MA) of 4320.10, below the 50-day MA of 4522.76, and below the 200-day MA of 4597.28, indicating a bearish trend. The MACD of -121.56 indicates Positive momentum. The RSI at 25.27 is Positive, neither overbought nor oversold. The STOCH value of 9.73 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:MGNS.
Morgan Sindall Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | £2.20B | 31.91 | 15.00% | 1.88% | 2.80% | -11.76% | |
80 Outperform | £3.95B | 16.22 | 22.88% | 1.63% | 12.13% | 47.64% | |
74 Outperform | £550.41M | 15.78 | 30.23% | 3.52% | 0.53% | -8.91% | |
73 Outperform | £2.00B | 13.30 | 24.09% | 2.70% | 9.58% | 14.74% | |
68 Neutral | £1.88B | 10.03 | 24.83% | 3.92% | 10.84% | 24.56% | |
66 Neutral | £1.02B | 18.47 | 11.69% | 3.16% | 2.50% | 40.96% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
GB:MGNS
Morgan Sindall
4,034.00
26.31
0.66%
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Morgan Sindall Corporate Events
Regulatory Filings and Compliance
Morgan Sindall Confirms Share Capital and Voting Rights Structure
Neutral
Sep 1, 2026
Morgan Sindall Group plc has confirmed that, as of 31 August 2026, its issued share capital comprises 48,671,633 ordinary shares of 5p each, all carrying voting rights and with no shares held in treasury. This disclosure sets the official total nu...
Regulatory Filings and Compliance
Morgan Sindall CEO reshuffles 225,000-share holding into family investment vehicle
Neutral
Aug 26, 2026
Morgan Sindall Group has disclosed an off-market transfer of 225,000 ordinary shares by chief executive John Morgan to FiveM Investments Limited, a family investment vehicle classified as a person closely associated with him. The transaction, pric...
Regulatory Filings and Compliance
Morgan Sindall Reports Administrative Share Transfer by CEO’s Associate
Neutral
Aug 26, 2026
Morgan Sindall Group plc has disclosed a transaction involving ordinary shares by a person closely associated with its chief executive, John Morgan. The notification complies with EU Market Abuse Regulation requirements for reporting dealings by i...
Business Operations and StrategyDelistings and Listing Changes
Morgan Sindall Seeks Listing of Sharesave Plan Shares on LSE Main Market
Positive
Aug 18, 2026
Morgan Sindall Group plc has applied for the admission to trading on the London Stock Exchange’s Main Market of 35,000 new ordinary shares of 5p each, linked to its 2018 Sharesave Plan. The new shares, when issued, will rank pari passu with ...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Morgan Sindall Expands Share Capital to Meet Sharesave Option Demand
Positive
Aug 5, 2026
Morgan Sindall Group plc has issued and allotted 522,341 new ordinary shares of 5p each to satisfy options exercised under its Morgan Sindall Sharesave Plan (2018), with the shares admitted to trading under existing block admissions on the London ...
Regulatory Filings and Compliance
Morgan Sindall Confirms Voting Rights on 48.6 Million Shares
Positive
Aug 4, 2026
Morgan Sindall Group plc has confirmed that, as of 3 August 2026, its issued share capital comprises 48,552,912 ordinary shares of 5p each, all carrying voting rights and with no shares held in treasury. This establishes the total number of voting...
Regulatory Filings and Compliance
Morgan Sindall Confirms 48 Million Voting Shares in FCA Disclosure Update
Neutral
Aug 3, 2026
Morgan Sindall Group plc has confirmed that, as of 31 July 2026, its issued share capital comprises 48,034,816 ordinary shares of 5 pence each, all carrying voting rights. The company also reported that it holds no shares in treasury, meaning the ...
Regulatory Filings and Compliance
Insider-Linked Share Purchase Disclosed at Morgan Sindall Group
Positive
Jul 31, 2026
Morgan Sindall Group has disclosed a share transaction involving a person closely associated with non-executive director Mark Robson, in line with EU Market Abuse Regulation requirements. Rachel Robson purchased 11,500 Morgan Sindall ordinary shar...
Business Operations and StrategyDelistings and Listing Changes
Morgan Sindall Secures LSE Admission for Future Sharesave Issuance
Positive
Jul 28, 2026
Morgan Sindall Group plc has applied to the London Stock Exchange for the admission to trading on its Main Market of 35,000 new ordinary shares that may be issued under the company’s 2018 Sharesave Plan. The shares, expected to commence trad...
Business Operations and StrategyDividendsFinancial Disclosures
Morgan Sindall lifts guidance for core divisions after record first-half results
Positive
Jul 23, 2026
Morgan Sindall reported record first-half results for the six months to 30 June 2026, with revenue rising 8% to £2.6bn and adjusted profit before tax up 21% to £116m, lifting the PBTA margin to 4.5%. Strong cash generation left period-en...
Business Operations and StrategyFinancial Disclosures
Morgan Sindall to Report Half-Year 2026 Results on 23 July
Neutral
Jul 2, 2026
Morgan Sindall Group has announced that it will publish its half-year results for the six months to 30 June 2026 on 23 July 2026. The update will be released via the London Stock Exchange’s Regulatory News Service and the company’s inv...
Financial DisclosuresRegulatory Filings and Compliance
Morgan Sindall sets date for half-year results and analyst briefing
Neutral
Jul 2, 2026
Morgan Sindall Group plc has scheduled the release of its half-year results for the six months to 30 June 2026 on Thursday 23 July 2026. The announcement will be published via the London Stock Exchange’s Regulatory News Service and on the in...
Regulatory Filings and Compliance
Morgan Sindall Confirms Total Voting Rights at 48 Million Shares
Neutral
Jul 1, 2026
Morgan Sindall Group has confirmed that, as of 30 June 2026, its issued share capital comprises 48,033,952 ordinary shares of 5 pence each, all carrying voting rights and with no shares held in treasury.This establishes the total number of voting ...
Regulatory Filings and Compliance
Morgan Sindall CEO Reports Internal Share Transfer With No Change in Stake
Neutral
Jun 23, 2026
Morgan Sindall Group has disclosed an internal share transfer involving its chief executive, John Morgan, in compliance with market abuse regulations. The transaction involved moving 36,321 ordinary shares between nominee accounts, with no change ...
Business Operations and StrategyDelistings and Listing ChangesRegulatory Filings and Compliance
Morgan Sindall Seeks LSE Admission for Sharesave Scheme Shares
Positive
Jun 16, 2026
Morgan Sindall Group has applied for the admission to trading on the London Stock Exchange’s Main Market of 35,000 ordinary shares of 5p each, which may be issued in future under the Morgan Sindall Sharesave Plan (2018). Admission of these s...
DividendsRegulatory Filings and Compliance
Morgan Sindall discloses small insider share purchases via dividend reinvestment
Neutral
Jun 12, 2026
Morgan Sindall has disclosed share transactions involving non-executive director Mark Robson and a closely associated person, Rachel Robson, in line with Market Abuse Regulation requirements. The trades, conducted via Hargreaves Lansdown (Nominees...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.