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M&G

MGPUF
63
Asset Management · Financial Services
Price
$4.90
+0.00 (+0.00%)
Market Cap
$11.67B
Exchange
Other OTC
Winston Score
63
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Dec 31, 2025
How the score breaks down
Quality
Strong
Growth
Mixed
Cash Flow
Strong
Stability
Mixed
Valuation
Strong
Dividends
Exceptional
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Share count rising — dilution

+28.7% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 2.58B (2021) → 3.31B (2025)

Winston Score History

The full picture

M&G plc is a UK-based financial services company that manages money for individuals and large institutions like pension funds and insurance companies. It offers investment funds, savings products, and life insurance, primarily under the M&G Investments and Prudential-heritage brands. The company is one of the largest asset managers in Europe, with roots going back over 170 years.

M&G makes money by charging fees based on how much money it manages — a model called assets under management (AUM) fees — as well as through its life insurance and annuity business. It operates mainly in the UK and Europe, with some international exposure, and manages roughly £340 billion in assets. Its long history and established client relationships give it some competitive stability, but the main risk it faces is that falling markets reduce AUM, which directly shrinks the fees it earns, making revenue sensitive to broader economic conditions.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+62.7% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

+120.7% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

£0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

25.2%ownership

Insiders own a meaningful stake in the company

Cash Runway

5+ years

Quarterly Free Cash Flow

↓ Burn rate worsening

£179.9B cash & investments at current burn rate

Strong grower

M&G is growing revenue at 63% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
100.0%
Premium pricing power — 100.0% gross margin
Profit after running costs
Operating Margin
5.4%
Thin — 5.4% operating margin
Return on the money invested
ROCE
30.8%
Exceptional — 30.8% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth
Sales YoY
+55.2%
Fast-growing sales (+55.2% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
288%
Turns 288% of profit into real cash
Spare cash per sale
FCF Margin
4.0%
Thin free cash flow (4.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
2.09
Heavy debt load (2.09)
Covers its interest
Interest Cover
6.44x
Adequate interest coverage (6.4x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
27.8x
Growth-priced — P/E 27.8

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+16.6
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (27.8 → 11.2)

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Dividends

Dividend
Dividend Yield
5.63%
Healthy income — 5.63% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record
Dividend Growth
+11.3%
Dividend growing fast (11.3% YoY)

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