Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Morgan Sindall Group plc is a public limited company specializing in partnerships, fit out, and construction services across the UK. It operates through six key divisions: Partnership Housing, Mixed Use Partnerships, Fit Out, Construction, Infrastructure, and Property Services, delivering projects in public, regulated, and private sectors. The group reported annual revenues of £4.5 billion in full year 2024, employing over 8,000 people. Notable subsidiaries include Morgan Sindall Property Services for response and planned maintenance in social housing and public sectors; Morgan Sindall Infrastructure serving highways, rail, aviation, energy, water, and nuclear markets; Muse Developments focusing on mixed-use regeneration with residential, commercial, retail, and leisure elements; Morgan Lovell and Overbury for office interior design, fit out, and refurbishment; BakerHicks providing multidisciplinary design and engineering consultancy; and Lovell Partnerships handling affordable housing and open market sales. Incorporated in 1953 and headquartered in London, Morgan Sindall Group plc plays a significant role in building projects development and head office activities, contributing to urban transformation and infrastructure enhancement.
£50.85
+£0.70 (+1.40%)
EOD Jul 3, 2026
Operating margin is thin at 4.51%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 10.4%, still solid.
Even for strong businesses, today's 14x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
13.6x earnings, 13.9x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
£5.02B
▲ +10.4% YoY
Net Income (TTM)
£175M
▲ +32.8% YoY
Op. Margin
4.51%
▲ +0.6pp YoY
ROIC
20.72%
▲ +2.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
£171M
▲ +54.3% YoY
Op. Cash Flow (TTM)
£186M
▲ +66.7% YoY
Net Debt
-£458M
Net Cash Position
Cash & Equiv.
£591M
3Y CAGR: +11.6%
3Y CAGR: +58.5%
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At a P/E of 13.6 and a price-to-free-cash-flow of 13.9, Morgan Sindall Group (MGNS.XLON) trades below a two-stage DCF intrinsic value of about £116.52 per share, so at £50.85 the stock looks undervalued (129.1% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Morgan Sindall Group scores 92/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 2.8%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about £116.52 per share for MGNS.XLON, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around £87.39. At today's £50.85, that puts the stock about 129.1% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Morgan Sindall Group scores 92 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. Recent fundamentals include a 4.5% operating margin and a 20.7% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Morgan Sindall Group pays a regular dividend of about £1.41 per share per year (typically in quarterly installments), a yield of roughly 2.8% at the current price. That is a payout ratio of about 37.6% of earnings, so the dividend is amply covered by earnings. Morgan Sindall Group has grown the dividend at roughly 19.5% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For MGNS.XLON's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. MGNS.XLON currently trades below its estimated intrinsic value and scores 92/100 on quality (high-quality). It also yields about 2.8%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.