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MN

M&G plc

MNG.LFinancial ServicesLSE

Asset Management

PriceMA150MA200
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Financials · Annual
Revenue
$21.71B
+48.7% YoY
Net Income
$302.0M
+183.9% YoY
Free Cash Flow
-$3.45B

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About M&G plc

M&G plc, through its subsidiaries, provides investment and savings products to institutional clients and individual policyholders in the United Kingdom and internationally. The company carries a $7.53B market cap, placing it firmly in the mid-cap category. The company operates through Asset Management and Life segments.

Key stats
Market Cap$7.53B
P/E (TTM)26.33
Fwd P/E10.18
EPS$0.12
Beta0.97
52W Change+30.3%
Dividend Yield6.57%
ROE9.7%
Analysis

On the balance sheet, MNG.L has $4.90B in cash with $6.91B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company is burning cash, with free cash flow at -$3.45B. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of 9.7% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 0.9% is on the lower side, which is common in asset-heavy industries. Revenue has grown from -$10.75B (2022) to $21.71B (2025), reflecting a 302% increase over the period.

Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for M&G plc and its sector.

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