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Morgan Sindall
(LSE:MGNS)
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Rating:68Neutral
Price Target:
4,325.00 p
▼(-1.44% 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 continued demand for Morgan Sindall’s construction, infrastructure, fit-out and regeneration services. A larger revenue base can support operational scale, strengthen client relationships and frameworks, and provide a durable platform for future earnings across multiple business units.
Negative Factors
Structurally thin margins
Thin construction margins leave earnings highly sensitive to project execution, cost movements and changes in business mix. Even modest deterioration in delivery performance or project economics could therefore reduce profitability materially, limiting the buffer available before revenue growth translates into weaker shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth
Sustained revenue growth indicates continued demand for Morgan Sindall’s construction, infrastructure, fit-out and regeneration services. A larger revenue base can support operational scale, strengthen client relationships and frameworks, and provide a durable platform for future earnings across multiple business units.
Read all positive factors
Morgan Sindall (MGNS) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.89B
Dividend Yield4.1%
Average Volume (3M)134.81K
Price to Earnings (P/E)9.9
Beta (1Y)0.84
Revenue Growth10.84%
EPS Growth24.56%
CountryUK
Employees8,500
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)4.02
Shares Outstanding48,753,826
10 Day Avg. Volume125,736
30 Day Avg. Volume134,814
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)£5.27B
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
4101.62
Negative
4356.21
Negative
4446.75
Negative
Market Momentum
-39.40
Negative
45.90
Neutral
61.26
Neutral
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 3997.20, above the 50-day MA of 4101.62, and below the 200-day MA of 4446.75, indicating a bearish trend. The MACD of -39.40 indicates Negative momentum. The RSI at 45.90 is Neutral, neither overbought nor oversold. The STOCH value of 61.26 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | £4.00B | 16.17 | 22.88% | 1.69% | 12.13% | 47.64% | |
77 Outperform | £680.50M | 16.88 | 32.45% | 2.89% | 2.98% | 23.40% | |
73 Outperform | £2.13B | 14.15 | 24.09% | 2.54% | 9.58% | 14.74% | |
68 Neutral | £1.89B | 9.90 | 24.83% | 4.10% | 10.84% | 24.56% | |
68 Neutral | £2.30B | 33.31 | 15.00% | 1.79% | 2.80% | -11.76% | |
65 Neutral | £1.27B | 22.28 | 11.95% | 2.53% | 6.75% | 11.01% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
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Morgan Sindall Corporate Events
Business Operations and StrategyDelistings and Listing ChangesRegulatory Filings and Compliance
Morgan Sindall Secures LSE Admission for Sharesave Plan Stock
Positive
Oct 13, 2026
Morgan Sindall Group has applied for the admission to trading on the London Stock Exchange’s Main Market of 40,000 new ordinary shares of 5 pence each linked to its 2018 Sharesave Plan. The admission, expected to become effective on 15 Octob...
Private Placements and FinancingRegulatory Filings and Compliance
Morgan Sindall Issues New Shares Under Employee Sharesave Scheme
Neutral
Oct 7, 2026
Morgan Sindall Group plc has issued and allotted 160,913 new ordinary shares of 5 pence each to satisfy options exercised under its Morgan Sindall Sharesave Plan (2018). These shares, admitted under existing block listings, increase the company...
Regulatory Filings and Compliance
Morgan Sindall Confirms Share Capital and Voting Rights Structure
Neutral
Oct 1, 2026
Morgan Sindall Group has confirmed that as of 30 September 2026 its issued share capital comprises 48,706,691 ordinary shares of 5p each, all carrying voting rights, and that it holds no shares in treasury. This establishes a total of 48,706,691 v...
Business Operations and StrategyDelistings and Listing ChangesRegulatory Filings and Compliance
Morgan Sindall Seeks LSE Admission for Sharesave Scheme Shares
Positive
Sep 15, 2026
Morgan Sindall Group plc has applied for the admission to trading on the London Stock Exchange Main Market of 35,000 new ordinary shares of 5p each that may be issued in future under its 2018 Sharesave Plan. The new shares, once issued, are expect...
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...
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.