Morgan Sindall Group PLC (GB:MGNS)
LSE:MGNS
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Morgan Sindall
(LSE:MGNS)
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Rating:73Outperform
Price Target:
4,852.00 p
▲(3.90% Upside)
Action:Reiterated
Date:02/26/26
The score is driven mainly by solid financial performance (consistent revenue growth, improved earnings, and manageable leverage), supported by a constructive longer-term technical trend. Valuation is reasonable with a moderate dividend, but thin margins and cash-flow volatility temper the overall rating.
Positive Factors
Consistent multi‑year revenue growth
Multi‑year top‑line growth and improving profitability into 2024–2025 signal a durable earnings base tied to successful contract execution. This reduces reliance on one‑off project wins, supports repeat client relationships and underpins longer‑term capacity to invest in capabilities.
Negative Factors
Structurally thin margins
Persistently thin industry margins mean small cost overruns, adverse contract mix or input inflation can materially hit profits. Limited margin headroom reduces the firm's ability to absorb project execution risks and restricts free cash flow expansion in downside scenarios.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent multi‑year revenue growth
Multi‑year top‑line growth and improving profitability into 2024–2025 signal a durable earnings base tied to successful contract execution. This reduces reliance on one‑off project wins, supports repeat client relationships and underpins longer‑term capacity to invest in capabilities.
Read all positive factors
Morgan Sindall (MGNS) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£2.03B
Dividend Yield2.49%
Average Volume (3M)137.74K
Price to Earnings (P/E)5.4
Beta (1Y)0.83
Revenue Growth10.39%
EPS Growth32.54%
CountryUK
Employees8,097
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)3.72
Shares Outstanding48,029,457
10 Day Avg. Volume100,689
30 Day Avg. Volume137,735
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 Upside24.20% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)3.61
Revenue Forecast (FY)£5.17B
Morgan Sindall Business Overview & Revenue Model
Company Description
Morgan Sindall Group plc operates as a construction and regeneration company in the United Kingdom. It operates through five segments: Construction & Infrastructure, Fit Out, Property Services, Partnership Housing, and Urban Regeneration divisions...
How the Company Makes Money
Morgan Sindall makes money by delivering contracted construction and related services and by generating returns from development and regeneration activity. Its revenue model is primarily project- and service-contract driven: (1) Construction and i...
Morgan Sindall Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
72
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.02B | 4.55B | 4.12B | 3.61B | 3.21B |
| Gross Profit | 606.10M | 529.90M | 446.70M | 370.90M | 382.80M |
| EBITDA | 248.50M | 209.30M | 162.90M | 111.00M | 147.00M |
| Net Income | 174.90M | 131.70M | 117.70M | 60.90M | 97.90M |
Balance Sheet | |||||
| Total Assets | 2.45B | 2.13B | 2.03B | 1.79B | 1.71B |
| Cash, Cash Equivalents and Short-Term Investments | 590.50M | 544.20M | 541.30M | 431.70M | 468.60M |
| Total Debt | 181.70M | 118.50M | 144.40M | 134.00M | 163.40M |
| Total Liabilities | 1.70B | 1.48B | 1.46B | 1.30B | 1.23B |
| Stockholders Equity | 748.80M | 647.20M | 568.10M | 496.20M | 474.20M |
Cash Flow | |||||
| Free Cash Flow | 189.90M | 110.60M | 181.40M | 42.90M | 102.50M |
| Operating Cash Flow | 205.90M | 128.80M | 196.00M | 54.70M | 110.50M |
| Investing Cash Flow | -44.80M | 4.70M | -11.00M | 8.30M | -4.50M |
| Financing Cash Flow | -122.30M | -101.80M | -78.90M | -66.80M | -80.80M |
Morgan Sindall Technical Analysis
Negative
4670.00
Price Trends
4408.97
Negative
4628.25
Negative
4514.48
Negative
Market Momentum
-8.40
Positive
40.44
Neutral
7.39
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 4670 is above the 20-day moving average (MA) of 4595.27, above the 50-day MA of 4408.97, and above the 200-day MA of 4514.48, indicating a bearish trend. The MACD of -8.40 indicates Positive momentum. The RSI at 40.44 is Neutral, neither overbought nor oversold. The STOCH value of 7.39 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | £1.58B | 8.23 | 23.46% | 3.08% | 3.37% | 2.19% | |
74 Outperform | £3.86B | 5.41 | 23.73% | 1.80% | 15.24% | 54.30% | |
73 Outperform | £2.03B | 5.37 | 24.53% | 2.49% | 10.39% | 32.54% | |
72 Outperform | £526.37M | 7.10 | 30.23% | 3.65% | 0.53% | -8.91% | |
71 Outperform | £849.45M | 9.81 | 11.69% | 3.19% | 2.50% | 40.96% | |
70 Outperform | £1.98B | 12.10 | 17.34% | 2.34% | 1.60% | 8.08% | |
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 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...
Regulatory Filings and Compliance
Morgan Sindall Discloses Gifted Shares to CEO’s Closely Associated Person
Neutral
May 1, 2026
Morgan Sindall Group has disclosed a share transaction involving a person closely associated with its chief executive, John Morgan, in line with Market Abuse Regulation requirements. The notification states that Mrs Rosalind Morgan received a spec...
Regulatory Filings and Compliance
Morgan Sindall Confirms Share Capital and Voting Rights Total
Neutral
May 1, 2026
Morgan Sindall Group has confirmed that as of 30 April 2026 its issued share capital comprises 48,029,456 ordinary shares of 5 pence each, all of which carry voting rights, and that it currently holds no treasury shares. This disclosure sets the o...
Business Operations and StrategyFinancial Disclosures
Morgan Sindall lifts 2026 profit outlook on strong Construction and Fit Out performance
Positive
Apr 16, 2026
Morgan Sindall Group has upgraded its outlook for 2026, stating that full-year profit before tax is now expected to be significantly ahead of previous expectations, driven mainly by strong performance and improved visibility in its Construction an...
Business Operations and StrategyDelistings and Listing Changes
Morgan Sindall Seeks LSE Admission for New Shares Under Employee Scheme
Positive
Apr 14, 2026
Morgan Sindall Group has applied to the London Stock Exchange for the admission to trading of up to 35,000 new ordinary shares of 5p each that may be issued under its 2018 Sharesave employee share plan. The new stock, expected to be admitted on 16...
Regulatory Filings and Compliance
Morgan Sindall Confirms Updated Voting Share Capital and Rights
Neutral
Apr 1, 2026
Morgan Sindall Group plc has confirmed that, as of 31 March 2026, its issued share capital comprises 48,028,650 ordinary shares of 5p each, all carrying voting rights, with no shares held in treasury. This establishes 48,028,650 as the total numbe...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Morgan Sindall Publishes 2025 Annual Report and Sets Out Risk Outlook Ahead of 2026 AGM
Neutral
Mar 24, 2026
Morgan Sindall Group has published its 2025 Annual Report and Accounts, along with the 2026 AGM notice and related governance and ESG documents, including its Responsible Business Data Sheet, Gender Pay Gap Report, and Modern Slavery and Human Tra...
Business Operations and StrategyRegulatory Filings and Compliance
Morgan Sindall Issues New Shares to Satisfy Employee Options
Neutral
Mar 20, 2026
Morgan Sindall Group plc has issued and allotted 4,729 new ordinary shares of 5p each to satisfy options granted under its 2018 Sharesave Plan, with the shares admitted to trading under existing block admissions on the London Stock Exchange’...
Executive/Board ChangesRegulatory Filings and Compliance
Morgan Sindall grants nil‑cost share options to top executives under bonus plan
Neutral
Mar 9, 2026
Morgan Sindall Group has awarded nil-cost share options to chief executive John Morgan and chief financial officer Kelly Gangotra under its Deferred Bonus Plan, linked to their annual bonuses for the year ended 31 December 2025. The grants, coveri...
Business Operations and StrategyExecutive/Board Changes
Morgan Sindall grants long-term share awards to top executives
Positive
Mar 9, 2026
Morgan Sindall Group has granted conditional awards of ordinary shares to chief executive John Morgan and chief financial officer Kelly Gangotra under its 2023 Long Term Incentive Plan. The awards, over 34,356 shares for Morgan and 22,815 shares f...
Executive/Board ChangesRegulatory Filings and Compliance
Morgan Sindall Discloses CEO Nil-Cost Option Vesting and Dividend Share Award
Neutral
Mar 4, 2026
Morgan Sindall Group has disclosed a transaction by its chief executive, John Morgan, in line with market abuse regulations governing dealings by senior managers. The filing relates to the vesting of nil-cost share options that were originally gra...
Executive/Board ChangesRegulatory Filings and Compliance
Morgan Sindall CEO Retains Shares After LTIP Vesting and Tax Sale
Neutral
Mar 4, 2026
Morgan Sindall Group has disclosed a share transaction involving its chief executive, John Morgan, under market abuse regulations. The move relates to the vesting of conditional share awards granted under the company’s 2014 Long Term Incenti...
Business Operations and StrategyDelistings and Listing Changes
Morgan Sindall Seeks Admission of New Shares for Employee Savings Plan
Neutral
Mar 3, 2026
Morgan Sindall Group has applied to the London Stock Exchange for the admission to trading of 33,000 new ordinary shares of 5p each, which may be issued in future under the Morgan Sindall Sharesave Plan (2018). The shares, expected to be admitted ...
Regulatory Filings and Compliance
Morgan Sindall Confirms Total Voting Rights at Just Over 48 Million Shares
Neutral
Mar 2, 2026
Morgan Sindall Group plc has confirmed that, as of 28 February 2026, its issued share capital comprises 48,026,802 ordinary shares of 5p each, all carrying voting rights and with no shares held in treasury. This establishes the total number of vot...
Executive/Board ChangesRegulatory Filings and Compliance
Morgan Sindall Chair Takes New Non-Executive Role at Marsh & McLennan
Positive
Feb 26, 2026
Morgan Sindall Group has announced a change in its board-related disclosures, highlighting a new external appointment for its Non-Executive Chair, Peter Harrison. The update reflects the group’s ongoing obligation to report directors’ ...
Business Operations and StrategyDividendsFinancial Disclosures
Morgan Sindall posts record 2025 profits and raises growth targets
Positive
Feb 25, 2026
Morgan Sindall Group reported another record year in 2025, with revenue up 10% to £5.0bn and adjusted profit before tax rising 35% to £232.6m, underpinned by margin expansion and a robust net cash position of £531m. The group lifted...
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.