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Morgan Sindall - Secular Growth Trends

Morgan Sindall (LON:MGNS) operates in construction and regeneration, with activities in partnership housing, UK infrastructure, office fit out, and general construction. Morgan Sindall (LON:MGNS) operates through six divisions:  Construction & Infrastructure, Fit Out, Property Services, Partnership Housing, Urban Regeneration, and Investments.
Morgan Sindall - Secular Growth Trends

Given the strong, balance sheet, continued earnings growth, and healthy dividend payout, we argue that the current P/E valuation of 12.1x 2017e represents a modest valuation.

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Morgan Sindall Timeline

CN Research
December 06 2017

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