Financials Morgan Sindall Group plc

Equities

Market Closed - London S.E. Other stock markets 11:35:23 2024-04-26 am EDT			5-day change	1st Jan Change
2,265 ^GBX	+0.44%		-0.22%	+2.26%

Apr. 08	Morgan Sindall Group's New CFO to Join in May	MT
Apr. 08	Morgan Sindall Group plc Resignation of Steve Crummett from the Board, Effective on 7 May 2024	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	724.4	704.5	1,162	706.7	1,028	1,047	-	-
Enterprise Value (EV) ¹	531.7	422.7	856.6	409	631	644.3	617.9	575.8
P/E ratio	10.6 x	15.6 x	12.3 x	11.7 x	8.85 x	10 x	9.27 x	8.67 x
Yield	3.64%	3.98%	3.65%	6.6%	5.15%	5.14%	5.39%	5.63%
Capitalization / Revenue	0.24 x	0.23 x	0.36 x	0.2 x	0.25 x	0.25 x	0.24 x	0.23 x
EV / Revenue	0.17 x	0.14 x	0.27 x	0.11 x	0.15 x	0.15 x	0.14 x	0.13 x
EV / EBITDA	4.65 x	4.67 x	5.64 x	2.52 x	3.75 x	3.78 x	3.38 x	2.97 x
EV / FCF	14.6 x	2.44 x	8.36 x	9.53 x	3.48 x	10.1 x	5.73 x	4.95 x
FCF Yield	6.83%	41%	12%	10.5%	28.7%	9.86%	17.5%	20.2%
Price to Book	-	1.65 x	2.55 x	1.44 x	1.83 x	1.7 x	1.54 x	1.4 x
Nbr of stocks (in thousands)	44,716	45,985	46,101	46,192	46,408	46,237	-	-
Reference price ²	16.20	15.32	25.20	15.30	22.15	22.65	22.65	22.65
Announcement Date	2/20/20	2/25/21	2/24/22	2/23/23	2/22/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,071	3,034	3,213	3,612	4,118	4,209	4,426	4,555
EBITDA ¹	114.4	90.5	151.8	162.1	168.1	170.6	182.8	194.1
EBIT ¹	93.1	68.5	131.3	139.2	141.3	144	154.7	165.4
Operating Margin	3.03%	2.26%	4.09%	3.85%	3.43%	3.42%	3.49%	3.63%
Earnings before Tax (EBT) ¹	88.6	60.8	126.2	85.3	143.9	143.7	155.4	166.7
Net income ¹	71.2	45.4	97.9	60.9	117.7	109.3	116	125.8
Net margin	2.32%	1.5%	3.05%	1.69%	2.86%	2.6%	2.62%	2.76%
EPS ²	1.531	0.9810	2.044	1.304	2.504	2.264	2.444	2.613
Free Cash Flow ¹	36.3	173.5	102.5	42.9	181.4	63.5	107.9	116.4
FCF margin	1.18%	5.72%	3.19%	1.19%	4.41%	1.51%	2.44%	2.56%
FCF Conversion (EBITDA)	31.73%	191.71%	67.52%	26.47%	107.91%	37.22%	59.05%	59.99%
FCF Conversion (Net income)	50.98%	382.16%	104.7%	70.44%	154.12%	58.08%	93.04%	92.52%
Dividend per Share ²	0.5900	0.6100	0.9200	1.010	1.140	1.164	1.220	1.275
Announcement Date	2/20/20	2/25/21	2/24/22	2/23/23	2/22/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	193	282	305	298	397	403	429	471
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	36.3	174	103	42.9	181	63.5	108	116
ROE (net income / shareholders' equity)	19.2%	11%	23.3%	22.5%	22.1%	18.6%	17.9%	17.5%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	-	9.280	9.900	10.60	12.10	13.40	14.70	16.20
Cash Flow per Share ²	1.050	3.840	2.310	1.170	4.170	1.920	2.880	2.960
Capex ¹	12.6	5.8	8	11.8	14.6	12.6	14.7	17.4
Capex / Sales	0.41%	0.19%	0.25%	0.33%	0.35%	0.3%	0.33%	0.38%
Announcement Date	2/20/20	2/25/21	2/24/22	2/23/23	2/22/24	-	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

A-

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

22.65 GBP

Average target price

26.92 GBP

Spread / Average Target

+18.87%

	1st Jan change	Capi.
MORGAN SINDALL GROUP PLC	+2.26%	1.3B
VINCI	-2.29%	67.67B
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QUANTA SERVICES, INC.	+21.25%	38.3B
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED	+11.23%	30.73B
FERROVIAL SE	+2.06%	26.35B
CHINA RAILWAY GROUP LIMITED	+22.89%	22.01B
WSP GLOBAL INC.	+15.06%	19.47B
CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED	+22.99%	17.6B
EMCOR GROUP, INC.	+64.33%	16.64B