Financials Legal & General Plc

Equities

LGEN

GB0005603997

Investment Management & Fund Operators

Market Closed - London S.E. 11:35:20 2024-04-26 am EDT 5-day change 1st Jan Change
234.4 GBX +0.69% Intraday chart for Legal & General Plc -4.17% -6.65%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 17,991 15,802 17,657 14,796 14,861 13,871 - -
Enterprise Value (EV) 1 16,376 3,395 6,358 14,796 14,861 13,871 13,871 13,871
P/E ratio 9.85 x 10.4 x 9.13 x 6.84 x 34.5 x 10.4 x 9.16 x 8.34 x
Yield 5.8% 6.6% 6.2% - 8.1% 9.13% 9.63% 10.2%
Capitalization / Revenue 0.27 x 0.31 x 0.39 x -0.17 x - 1.31 x 1.23 x 1.17 x
EV / Revenue 0.27 x 0.31 x 0.39 x -0.17 x - 1.31 x 1.23 x 1.17 x
EV / EBITDA - - - - - - - -
EV / FCF - 3.82 x -47.2 x - -1.03 x - - -
FCF Yield - 26.2% -2.12% - -97.4% - - -
Price to Book 1.94 x 1.58 x 1.61 x - - 3.01 x 2.84 x 2.62 x
Nbr of stocks (in thousands) 5,937,732 5,936,129 5,935,033 5,930,428 5,918,500 5,917,536 - -
Reference price 2 3.030 2.662 2.975 2.495 2.511 2.344 2.344 2.344
Announcement Date 3/4/20 3/10/21 3/9/22 3/8/23 3/6/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 66,786 50,231 45,450 -89,294 - 10,618 11,245 11,839
EBITDA - - - - - - - -
EBIT 1 2,286 2,218 2,262 2,523 1,667 2,065 2,302 2,478
Operating Margin 3.42% 4.42% 4.98% -2.83% - 19.45% 20.47% 20.93%
Earnings before Tax (EBT) 1 2,156 1,499 2,632 2,730 195 1,857 2,061 2,282
Net income 1 1,834 1,607 2,050 2,291 457 1,403 1,549 1,702
Net margin 2.75% 3.2% 4.51% -2.57% - 13.21% 13.78% 14.37%
EPS 2 0.3075 0.2560 0.3257 0.3649 0.0728 0.2251 0.2559 0.2812
Free Cash Flow 1 - 4,137 -374 - -14,481 - - -
FCF margin - 8.24% -0.82% - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - 257.44% - - - - - -
Dividend per Share 2 0.1757 0.1757 0.1845 - 0.2034 0.2140 0.2258 0.2381
Announcement Date 3/4/20 3/10/21 3/9/22 3/8/23 3/6/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1
Net sales - - - 14,898 30,552 5,044 -20,106 -
EBITDA - - - - - - - -
EBIT 1 1,281 946 1,272 1,079 1,183 1,160 1,363 1,139
Operating Margin - - - 7.24% 3.87% 23% -6.78% -
Earnings before Tax (EBT) - - - 1,320 - - - -
Net income 1 - - - 1,065 - - 1,138 316
Net margin - - - 7.15% - - -5.66% -
EPS 2 0.1601 0.0489 0.2097 0.1696 0.1561 - - 0.0504
Dividend per Share 2 0.1264 0.0493 0.1264 0.0518 0.1327 0.0544 - 0.0571
Announcement Date 3/4/20 8/5/20 3/10/21 8/4/21 3/9/22 8/9/22 3/8/23 8/15/23
1GBP in Million2GBP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position 1,615 12,407 11,299 - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - 4,137 -374 - -14,481 - - -
ROE (net income / shareholders' equity) 20.4% 17.3% 19.5% - 8.8% 31.2% 32.2% 33.7%
ROA (Net income/ Total Assets) 0.35% - 0.36% - 0.09% - - -
Assets 1 526,558 - 576,653 - 517,554 - - -
Book Value Per Share 2 1.560 1.690 1.850 - - 0.7800 0.8300 0.8900
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 3/4/20 3/10/21 3/9/22 3/8/23 3/6/24 - - -
1GBP in Million2GBP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
2.344 GBP
Average target price
2.786 GBP
Spread / Average Target
+18.84%
Consensus
  1. Stock Market
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