Want to see GB:MGNS full AI Analyst Report?
Top Page
Morgan Sindall
(LSE:MGNS)
Select Model
Select Model
Rating:68Neutral
Price Target:
4,866.00 p
▲(10.89% Upside)
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 & profit recovery
Sustained revenue growth and recovered profitability since 2022 indicate the company has improved bidding, delivery and cost control. Over 2–6 months this strengthens contract win credibility, supports reinvestment in operations and reduces execution risk on future tenders.
Negative Factors
Structurally thin margins
Thin industry margins leave limited buffer against cost inflation, contract disputes or adverse project mix. Over months this magnifies the earnings impact of any delivery issues or input-cost spikes and elevates operational risk on fixed-price contracts.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue & profit recovery
Sustained revenue growth and recovered profitability since 2022 indicate the company has improved bidding, delivery and cost control. Over 2–6 months this strengthens contract win credibility, supports reinvestment in operations and reduces execution risk on future tenders.
Read all positive factors
Morgan Sindall (MGNS) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£2.00B
Dividend Yield3.79%
Average Volume (3M)97.95K
Price to Earnings (P/E)10.4
Beta (1Y)0.80
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. Volume58,713
30 Day Avg. Volume97,955
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 makes money primarily by winning contracts and delivering projects across its operating divisions, recognizing revenue as work progresses and generating profit from the margin between contract income and project delivery costs. Key ...
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 Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £2.29B | 32.47 | 15.00% | 1.83% | 2.80% | -11.76% | |
73 Outperform | £2.06B | 13.19 | 24.09% | 2.72% | 9.58% | 14.74% | |
72 Outperform | £587.96M | 16.28 | 30.23% | 3.41% | 0.53% | -8.91% | |
71 Outperform | £1.05B | 18.68 | 11.69% | 3.13% | 2.50% | 40.96% | |
70 Outperform | £4.09B | 16.42 | 22.88% | 1.61% | 12.13% | 47.64% | |
68 Neutral | £2.00B | 10.38 | 24.83% | 3.79% | 10.84% | 24.56% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
GB:MGNS
Morgan Sindall
4,174.00
258.05
6.59%
GB:BBY
Balfour Beatty
870.50
269.43
44.83%
GB:GFRD
Galliford Try
586.00
188.71
47.50%
GB:HILS
Hill & Smith Holdings
2,890.00
823.47
39.85%
GB:KLR
Keller Group plc
2,968.00
1,667.47
128.21%
GB:KIE
Kier Group plc
249.40
70.26
39.22%
Morgan Sindall Corporate Events
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...
Regulatory Filings and Compliance
Morgan Sindall Discloses Off-Market Share Transfer to CEO’s Associate
Neutral
Jun 4, 2026
Morgan Sindall Group plc has disclosed a share transaction involving Mrs Rosalind Morgan, who is a person closely associated with Chief Executive John Morgan. The notification satisfies regulatory requirements for reporting dealings by senior mana...
Regulatory Filings and Compliance
Morgan Sindall Confirms Current Share Capital and Voting Rights
Neutral
Jun 1, 2026
Morgan Sindall Group plc has reported that, as of 31 May 2026, its issued share capital comprises 48,030,571 ordinary shares of 5 pence each, all of which carry voting rights, and the company currently holds no shares in treasury. This confirmatio...
Business Operations and StrategyDelistings and Listing Changes
Morgan Sindall Seeks London Listing for Sharesave Scheme Shares
Positive
May 27, 2026
Morgan Sindall Group has applied to the London Stock Exchange for the admission to trading on its Main Market of 35,000 new ordinary shares of 5p each, to be issued under the Morgan Sindall Sharesave Plan (2018). The move facilitates future employ...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Morgan Sindall Issues New Shares to Satisfy Employee Options
Neutral
May 20, 2026
Morgan Sindall Group plc has issued and allotted 2,392 new ordinary shares of 5p each to satisfy employee options granted under its 2018 Sharesave Plan, with the new stock admitted under existing block listings on the London Stock Exchange’s...
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresShareholder Meetings
Morgan Sindall Wins Strong Shareholder Backing at 2026 AGM
Positive
May 7, 2026
Morgan Sindall Group reported that all resolutions proposed at its 7 May 2026 annual general meeting were approved by shareholders following a poll on each item. Ordinary resolutions covered the acceptance of the 2025 financial statements, approva...
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.