Morgan Sindall Company Financial Information

Company name:	Morgan Sindall Group Plc
EPIC:	MGNS	Trading Currency:	GBX
Market Sector:	F25T	ISIN:	GB0008085614
Market Segment:	STMM	Share Type:	DE
WWW Address:	http://www.morgansindall.co.uk/	Description:	ORD 5P
Industry Sector:	CONSTRUCTION & MATERIALS

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
1,672.00	-18.0 [-1.07]	1,666.00	1,674.00	1,678.00	1,682.00	1,666.00	9,226
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
785.27	46.97	0.70	212.40	92.00	7.87	5.50	2,555.00 - 1,330.00

Morgan Sindall Key Figures

(at previous day's close)
Market Cap.	785.27	m
Shares In Issue	46.97	m
Prev. Close	1,690.00
PE Ratio	7.87
Dividend Yield	5.50	%
EPS - basic	212.40	p
Dividend PS	92.00	p
Dividend Cover	2.31
Cash Flow PS	235.28	p
Return On Equity (ROE)	20.65	%
Operating Margin	3.93	%
PEG Factor	0.07
EPS Growth Rate	112.83	%
Dividends PS Growth Rate	50.82	%
Net Debt	764.80	m
Gross Gearing	72.23	%
Quick Assets	1,035.70	m
Net Working Capital	197.30	m
Intangibles / Fixed Assets	57.88	%
Turnover PS	6,840.75	p
Pre-Tax Profit PS	268.71	p
Retained Profit PS	139.68	p
Cash PS	997.75	p
Net Cash PS	-1,401.66	p
Net Tangible Asset Value PS *	537.20	p
Net Asset Value PS	1,009.67	p
Spread	8.00 (0.48%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Morgan Sindall Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	1,698.00	1,610.00
4 weeks	1,838.00	1,576.00
12 weeks	1,838.00	1,460.00
1 year	2,555.00	1,330.00

Share Price Chart (5 years)

Morgan Sindall Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	1,650.00	22.00	1.33	1,610.00	0.04		1,663.31
4 weeks	1,700.00	-28.00	-1.65	1,576.00	0.07		1,739.61
12 weeks	1,596.00	76.00	4.76	1,460.00	0.05		1,690.55
26 weeks	1,596.00	76.00	4.76	1,330.00	0.06		1,588.68
1 year	2,420.00	-748.00	-30.91	1,330.00	0.07		1,804.63
3 years	1,168.00	504.00	43.15	992.00	0.08		1,845.50
5 years	1,248.00	424.00	33.97	992.00	0.08		1,696.46
† periods calculated are whole weeks rather than calendar months

Morgan Sindall Key Management Ratios

Morgan Sindall Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	10.52
PE Ratio	7.87
Tobin's Q Ratio	0.49
Tobin's Q Ratio (excl. intangibles)	0.57
Dividend Yield	5.50	%
Market-to-Book Ratio	1.66
Price-to-Pre-Tax Profit PS	6.22
Price-to-Retained Profit PS	11.97
Price-to-Cash Flow PS	7.11
Price-to-Sales PS	0.24
Price-to-Net Tangible Asset Value PS	3.11
Price-to-Cash PS	1.68
Net Working Capital PS	420.09
Price Pct to Working Capital PS	3.98	%
Earnings Yield	12.70	%
Average PE	11.31
Years in average	5
PE to PE average	69.62	%

Morgan Sindall Financial Ratios

(Leverage Ratios)
Debt Ratio	18.34	%
Debt-to-Equity Ratio	0.22
Debt-to-Equity Ratio (excl. Intgbl)	0.42
Debt-to-Equity Market Value	0.14
Net Gearing	44.79	%
Net Gearing (excl. Intangibles)	51.48	%
Gross Gearing	72.23	%
Gross Gearing (excl. Intangibles)	83.02	%
Gearing Under 1 Year	65.99	%
Gearing Under 1 Year (excl. Intgbl)	75.85	%
Assets/Equity	3.60
Cash/Equity	98.82
(Liquidity Ratios)
Net Working Capital to Total Assets	11.55	%
Current Ratio	1.18
Quick Ratio (Acid Test)	0.92
Liquidity Ratio	0.42
Cash & Equiv/Current Assets	35.39	%
(Solvency Ratios)
Enterprise Value	423.17	m
CFO/Sales	0.03
CFO/Attributable Profit	1.13
CFO/Assets	0.06
CFO/Debt	0.09
Total Debt/Equity Market Value	1.57
Total Debt/Sales	0.38
Total Debt/Pre-Tax Profit	9.77
Total Debt	1,233.40	m
Total Debt/Net Current Assets	6.25	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	10.39	%
5 yr Compound Earnings Growth	12.32	%
10 yr Compound Earnings Growth	11.35	%
Earn drops > 5% in 10yrs	7

Beta (60-Mnth)	Beta (36-Mnth)
0.6967	1.0320

Morgan Sindall Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	21.73	%
Return On Assets (ROA)	6.13	%
Net Profit Margin	3.05	%
Assets Turnover	2.01
Return On Equity (ROE)	20.65	%
Return On Investment (ROI)	17.96	%
Dividend Payout Ratio	43.31	%
Plowback Ratio	56.69	%
Growth from Plowback Ratio	12.27	%
Net Income Of Revenues	2.04	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	7.11
Fixed Assets Turnover	8.40
Current Assets Turnover	2.64
Net Working Capital Turnover
Inventory Turnover	11.03
(Other Operating Ratios)
Total Assets-to-Sales	0.50
Debtors-to-Sales	8.94	%
Debt Collection Period	32.64	Days

Morgan Sindall Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
04 Aug 2022	Interim	GBX	33.00	31/12/2021	31/12/2022	06/10/2022	07/10/2022	26/10/2022	-
24 Feb 2022	Final	GBX	62.00	31/12/2020	31/12/2021	28/04/2022	29/04/2022	18/05/2022	92.00
04 Aug 2021	Interim	GBX	30.00	30/12/2020	30/06/2021	07/10/2021	08/10/2021	26/10/2021	-
25 Feb 2021	Final	GBX	40.00	31/12/2019	31/12/2020	29/04/2021	30/04/2021	19/05/2021	61.00
04 Nov 2020	Interim	GBX	21.00	30/12/2019	30/06/2020	12/11/2020	13/11/2020	08/12/2020	-
07 Aug 2019	Interim	GBX	21.00	31/12/2018	31/12/2019	10/10/2019	11/10/2019	28/10/2019	21.00
21 Feb 2019	Final	GBX	34.00	31/12/2017	31/12/2018	25/04/2019	26/04/2019	20/05/2019	53.00
08 Aug 2018	Interim	GBX	19.00	31/12/2017	31/12/2018	11/10/2018	12/10/2018	29/10/2018	-
22 Feb 2018	Final	GBX	29.00	31/12/2016	31/12/2017	26/04/2018	27/04/2018	21/05/2018	45.00
08 Aug 2017	Interim	GBX	16.00	31/12/2016	31/12/2017	12/10/2017	13/10/2017	30/10/2017	-
23 Feb 2017	Final	GBX	22.00	31/12/2015	31/12/2016	27/04/2017	28/04/2017	22/05/2017	35.00
02 Aug 2016	Interim	GBX	13.00	31/12/2015	31/12/2016	13/10/2016	14/10/2016	24/10/2016	-
23 Feb 2016	Final	GBX	17.00	31/12/2014	31/12/2015	28/04/2016	29/04/2016	23/05/2016	29.00
04 Aug 2015	Interim	GBX	12.00	31/12/2014	31/12/2015	01/10/2015	02/10/2015	23/10/2015	-
19 Feb 2015	Final	GBX	15.00	31/12/2013	31/12/2014	30/04/2015	01/05/2015	29/05/2015	27.00
04 Aug 2014	Interim	GBX	12.00	31/12/2013	31/12/2014	01/10/2014	03/10/2014	23/10/2014	-
18 Feb 2014	Final	GBX	15.00	31/12/2012	31/12/2013	30/04/2014	02/05/2014	23/05/2014	27.00
05 Aug 2013	Interim	GBX	12.00	31/12/2012	31/12/2013	25/09/2013	27/09/2013	24/10/2013	-
19 Feb 2013	Final	GBX	15.00	31/12/2011	31/12/2012	01/05/2013	03/05/2013	24/05/2013	27.00
06 Aug 2012	Interim	GBX	12.00	31/12/2011	31/12/2012	26/09/2012	28/09/2012	26/10/2012	-
21 Feb 2012	Final	GBX	30.00	31/12/2010	31/12/2011	25/04/2012	27/04/2012	18/05/2012	42.00
08 Aug 2011	Interim	GBX	12.00	31/12/2010	31/12/2011	17/08/2011	19/08/2011	16/09/2011	-
07 Apr 2011	Final	GBX	30.00	31/12/2009	31/12/2010	20/04/2011	26/04/2011	16/05/2011	42.00
09 Aug 2010	Interim	GBX	12.00	31/12/2009	31/12/2010	18/08/2010	20/08/2010	17/09/2010	-
23 Feb 2010	Final	GBX	30.00	31/12/2008	31/12/2009	10/03/2010	12/03/2010	01/04/2010	42.00
10 Aug 2009	Interim	GBX	12.00	30/12/2008	30/06/2009	26/08/2009	28/08/2009	18/09/2009	-
24 Feb 2009	Final	GBX	30.00	31/12/2007	31/12/2008	15/04/2009	17/04/2009	08/05/2009	42.00
04 Aug 2008	Interim	GBX	12.00	30/12/2007	30/06/2008	13/08/2008	15/08/2008	27/09/2008	-
28 Feb 2008	Final	GBX	28.00	31/12/2006	31/12/2007	09/04/2008	11/04/2008	09/05/2008	38.00
06 Aug 2007	Interim	GBX	10.00	30/12/2006	30/06/2007	15/08/2007	17/08/2007	14/09/2007	-
19 Feb 2007	Final	GBX	20.00	31/12/2005	31/12/2006	08/04/2007	10/04/2007	02/05/2007	28.00
02 Aug 2006	Interim	GBX	8.00	30/12/2005	30/06/2006	30/08/2006	01/09/2006	29/09/2006	-
22 Feb 2006	Final	GBX	18.00	31/12/2004	31/12/2005	05/04/2006	07/04/2006	05/05/2006	25.00
08 Aug 2005	Interim	GBX	7.00	30/12/2004	30/06/2005	17/08/2005	19/08/2005	16/09/2005	-
22 Feb 2005	Final	GBX	13.25	31/12/2003	31/12/2004	16/03/2005	18/03/2005	18/04/2005	18.50
09 Aug 2004	Interim	GBX	5.25	30/12/2003	30/06/2004	18/08/2004	20/08/2004	10/09/2004	-
19 Feb 2004	Final	GBX	11.75	31/12/2002	31/12/2003	01/03/2004	03/03/2004	06/04/2004	16.50
11 Aug 2003	Interim	GBX	4.75	30/12/2002	30/06/2003	20/08/2003	22/08/2003	10/09/2003	-
11 Feb 2003	Final	GBX	10.75	31/12/2001	31/12/2002	05/03/2003	07/03/2003	02/04/2003	15.00
20 Aug 2002	Interim	GBX	4.25	30/12/2001	30/06/2002	28/08/2002	30/08/2002	20/09/2002	-
12 Feb 2002	Final	GBX	10.00	31/12/2000	31/12/2001	13/03/2002	15/03/2002	12/04/2002	14.00
14 Aug 2001	Interim	GBX	4.00	30/12/2000	30/06/2001	22/08/2001	24/08/2001	17/09/2001	-
13 Feb 2001	Final	GBX	7.50	31/12/1999	31/12/2000	07/03/2001	09/03/2001	12/04/2001	10.50

Morgan Sindall Fundamentals

	31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)		31 Dec 2021 (GBP)
turnover	2,971.50	100.00%	3,071.30	100.00%	3,034.00	100.00%	3,212.80	100.00%	m
pre tax profit	80.60	2.71%	88.60	2.88%	60.80	2.00%	126.20	3.93%	m
attributable profit	66.80	2.25%	71.20	2.32%	45.40	1.50%	97.90	3.05%	m
retained profit	45.30	1.52%	46.40	1.51%	35.80	1.18%	65.60	2.04%	m
eps - basic (p)	149.80		157.90		99.80		212.40
eps - diluted (p)	142.10		153.10		98.10		204.40
dividends per share	53.00		21.00		61.00		92.00

Morgan Sindall Balance Sheet

	31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)		31 Dec 2021 (GBP)


	31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)		31 Dec 2021 (GBP)
ASSETS
fixed assets	62.60	4.61%	79.50	5.70%	65.80	4.42%	66.60	3.90%	m
intangibles	216.40	15.95%	223.60	16.02%	222.10	14.92%	221.90	12.99%	m
fixed investments	88.50	6.52%	90.70	6.50%	94.10	6.32%	94.90	5.56%	m
current assets - other	192.00	14.15%	186.80	13.39%	171.80	11.54%	232.60	13.62%	m
stocks	334.20	24.63%	338.10	24.23%	294.20	19.76%	288.50	16.90%	m
debtors	246.20	18.14%	284.10	20.36%	240.10	16.13%	334.50	19.59%	m
cash & securities	217.20	16.00%	192.70	13.81%	400.50	26.90%	468.60	27.44%	m

TOTAL	1,357.10	100%	1,395.50	100%	1,488.60	100%	1,707.60	100%	m

LIABILITIES
creditors - short	923.30	68.03%	918.10	65.79%	978.90	65.76%	1,126.90	65.99%	m
creditors - long	87.20	6.43%	80.60	5.78%	79.70	5.35%	106.50	6.24%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	1,010.50	74.46%	998.70	71.57%	1,058.60	71.11%	1,233.40	72.23%	m

EQUITY
ord cap, reserves	346.60	25.54%	396.80	28.43%	430.00	28.89%	474.20	27.77%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	346.60	25.54%	396.80	28.43%	430.00	28.89%	474.20	27.77%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Morgan Sindall Cash Flow Statement

	31 Dec 2018 (GBP)	31 Dec 2019 (GBP)	31 Dec 2020 (GBP)	31 Dec 2021 (GBP)
Operating CF	73.50	48.90	177.70	110.50	m
Pre-Financing CF	61.50	33.50	170.30	106.00	m
Retained CF	-4.00	-24.50	140.50	25.20	m

Morgan Sindall Brokers

Name	Activity	Type	Mnemonic	Code
THE ROYAL BANK OF SCOT N.V.	Market Maker(MME)	Broker/Dealer	RBSM	ABNAGB22
Altium Capital Limited	Market Maker(MME)	Broker/Dealer	ALTI	APCFGB21
J.P. Morgan Cazenove Limited	Market Maker(MME)	Broker/Dealer	CAZR	CAZEGB2L
Commerzbank AG	Market Maker(MME)	Broker/Dealer	KLWT	DRESGB2LPST
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
J.P. Morgan Securities Ltd	Market Maker(MME)	Broker/Dealer	JPMS	JPMSGB2L
Morgan Stanley Securities Ltd	Market Maker(MME)	Broker/Dealer	MOST	MSSEGB21
Panmure Gordon (UK) Limited	Market Maker(MME)	Broker/Dealer	PMUR	PMURGB2L
Numis Securities Limited	Market Maker(MME)	Broker/Dealer	NUMS	RAZHGB2LBIC
Merrill Lynch International	Market Maker(MME)	Broker/Dealer	MLSB	SNCSGB2LBIC
UBS AG	Market Maker(MME)	Broker/Dealer	UBS.	UBSWGB2LEQU
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC

Morgan Sindall Group Plc (MGNS) Financials

MGNS

Morgan Sindall Key Figures

Morgan Sindall Balance Sheet

Share Price Performance

Share Price Chart (5 years)

Morgan Sindall Historic Returns

Morgan Sindall Key Management Ratios

Morgan Sindall Investment Ratios

Morgan Sindall Financial Ratios

Morgan Sindall Operating Ratios

Morgan Sindall Dividends

Morgan Sindall Fundamentals

Morgan Sindall Balance Sheet

Morgan Sindall Cash Flow Statement

Morgan Sindall Brokers