Legal & General Group (LGEN)

Sector:

Insurance

Index:

FTSE 100

275.40p
   
  • Change Today:
      0.40p
  • 52 Week High: 291.20
  • 52 Week Low: 216.70
  • Currency: UK Pounds
  • Shares Issued: 5,965m
  • Volume: 19,228,114
  • Market Cap: £16,427m
  • RiskGrade: 168
  • Beta: 0.32

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-14 31-Dec-13 31-Dec-12 31-Dec-11 31-Dec-10
Annualisation Factor 1.0 1.0 1.0 1.0 1.0
Dividend Yield 4.5% 4.2% 5.3% 6.2% 4.9%
           
Continuing Operations          
PE Ratio - Basic 14.9
14.6
14.7
14.3
10.5
10.3
8.3
3.9
6.9
3.5
PE Ratio - Diluted 15.0
14.8
14.8
14.5
10.7
10.5
8.4
4.0
7.0
3.6
PE Ratio - Adjusted 14.9 14.7 10.5 8.3 6.9
PEG - Basic 1.5
1.6
1.5
1.4
1.0
n/a
n/a
n/a
n/a
0.0
PEG - Diluted 1.5
1.5
1.5
1.3
1.0
n/a
n/a
n/a
n/a
0.0
PEG - Adjusted 1.5 1.5 1.0 n/a n/a
Return on Capital Employed n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Operating Margin 15.70%
15.86%
24.20%
24.55%
24.21%
24.51%
10.67%
24.72%
27.58%
42.03%
           
Continuing & Discontinued Operations          
PE Ratio - Basic 14.9
14.6
14.7
14.3
10.5
10.3
8.3
3.9
6.9
3.5
PE Ratio - Diluted 15.0
14.8
14.8
14.5
10.7
10.5
8.4
4.0
7.0
3.6
PE Ratio - Adjusted 14.9 14.7 10.5 8.3 6.9
PEG - Basic 1.5
1.6
1.5
1.4
1.0
n/a
n/a
n/a
n/a
0.0
PEG - Diluted 1.5
1.5
1.5
1.3
1.0
n/a
n/a
n/a
n/a
0.0
PEG - Adjusted 1.5 1.5 1.0 n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-14 31-Dec-13 31-Dec-12 31-Dec-11 31-Dec-10
Net Gearing n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-14 31-Dec-13 31-Dec-12 31-Dec-11 31-Dec-10
Price/Book Value 2.5 2.4 1.6 1.2 2.1
Price/Tangible Book Value 2.6 2.5 1.6 1.2 2.1
Price/ Cash Flow 2.7 9.6 3.0 3.8 2.1
Price/Revenue 1.44 2.12 1.50 1.05 1.05
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 99.75p 94.06p 90.05p 85.35p 46.63p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-14 31-Dec-13 31-Dec-12 31-Dec-11 31-Dec-10
Continuing Operations          
Revenue 10,168.00 6,162.00 5,668.00 5,719.00 5,348.00
Net Interest (183.00)
(183.00)
(166.00)
(166.00)
(165.00)
(165.00)
165.00
165.00
(168.00)
(168.00)
Profit Before Tax 1,413.00
1,430.00
1,325.00
1,347.00
1,207.00
1,224.00
775.00
1,579.00
1,307.00
2,080.00
           
Revenue per Share 172.43p 104.89p 96.87p 98.13p 91.78p
Pre-Tax Profit per Share 23.96p
24.25p
22.55p
22.93p
20.63p
20.92p
13.30p
27.09p
22.43p
35.70p
Market Capitalisation £ (Millions) 14,771.99 13,177.31 8,550.19 5,989.76 5,638.31
Enterprise Value (EV) £ (Millions) 18,463.99 16,405.31 11,915.19 9,239.76 8,970.31
EBITDA/EV 8.99%
9.08%
9.44%
9.57%
11.80%
11.94%
7.19%
15.73%
16.92%
25.54%
Operating Margin 15.70%
15.86%
24.20%
24.55%
24.21%
24.51%
10.67%
24.72%
27.58%
42.03%
Capital Employed £ (Millions) 11,435.00 10,244.00 9,999.00 9,442.00 7,166.00
Return on Capital Employed n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Invested Equity Capital £ (Millions) 7,889.00 7,132.00 6,806.00 6,274.00 5,944.00
           
Earnings per Share - Basic 16.70p
16.99p
15.20p
15.57p
13.84p
14.13p
12.42p
26.22p
14.07p
27.34p
Earnings per Share - Diluted 16.54p
16.82p
15.00p
15.37p
13.61p
13.90p
12.22p
25.79p
13.88p
26.97p
Earnings per Share - Adjusted 16.70p 15.20p 13.84p 12.42p 14.07p
Earnings per Share Growth - Basic 10%
9%
10%
10%
11%
-46%
-12%
-4%
-5%
79%
Earnings per Share Growth - Diluted 10%
10%
10%
11%
11%
-46%
-12%
-4%
-6%
78%
Earnings per Share Growth - Adjusted 10% 10% 11% -12% -5%
PE Ratio - Diluted 15.0
14.8
14.8
14.5
10.7
10.5
8.4
4.0
7.0
3.6
PEG - Diluted 1.5
1.5
1.5
1.3
1.0
n/a
n/a
n/a
n/a
0.0
Tax Rate 29.79% 31.62% 33.89% 6.97% 37.26%
Dividend Cover 1.48
1.51
1.63
1.67
1.81
1.85
1.94
4.10
2.96
5.76
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 16.70p
16.99p
15.20p
15.57p
13.84p
14.13p
12.42p
26.22p
14.07p
27.34p
Earnings per Share - Diluted 16.54p
16.82p
15.00p
15.37p
13.61p
13.90p
12.22p
25.79p
13.88p
26.97p
Earnings per Share - Adjusted 16.70p 15.20p 13.84p 12.42p 14.07p
Earnings per Share Growth - Basic 10%
9%
10%
10%
11%
-46%
-12%
-4%
-5%
79%
Earnings per Share Growth - Diluted 10%
10%
10%
11%
11%
-46%
-12%
-4%
-6%
78%
Earnings per Share Growth - Adjusted 10% 10% 11% -12% -5%
PE Ratio - Diluted 15.0
14.8
14.8
14.5
10.7
10.5
8.4
4.0
7.0
3.6
PEG - Diluted 1.5
1.5
1.5
1.3
1.0
n/a
n/a
n/a
n/a
0.0
Dividend Cover 1.48
1.51
1.63
1.67
1.81
1.85
1.94
4.10
2.96
5.76
Return on Equity (ROE) 12.49%
12.70%
12.52%
12.83%
11.90%
12.15%
11.54%
24.35%
13.80%
26.80%
Operating Cash Flow per Share 93.05p 23.30p 47.84p 26.72p 46.46p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 89.37p 13.48p 43.50p 18.69p 40.90p
Dividend per Share 11.25p 9.30p 7.65p 6.40p 4.75p
Dividend per Share Growth 20.97% 21.57% 19.53% 34.74% 23.70%
Dividend Yield 4.5% 4.2% 5.3% 6.2% 4.9%
Shareholders Funds 6,028.00 5,642.00 5,441.00 5,056.00 4,827.00
Net Borrowings £ (Millions) (19,017.00) (14,226.00) (13,287.00) (10,863.00) (9,704.00)
Net Asset Value per Share (inc. Intangibles) 95.08p 89.55p 89.39p 84.21p 45.82p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-14 31-Dec-13 31-Dec-12 31-Dec-11 31-Dec-10
Shareholders' Funds inc Intangibles 6,028.00 5,642.00 5,441.00 5,056.00 4,827.00
Net Borrowings £ (Millions) (19,017.00) (14,226.00) (13,287.00) (10,863.00) (9,704.00)
Net Gearing n/a n/a n/a n/a n/a
Cash & Near Cash 22,709.00 17,454.00 16,652.00 14,113.00 13,036.00
Cash 376.73% 309.36% 306.05% 279.13% 270.06%
Gross Borrowings 3,692.00 3,228.00 3,365.00 3,250.00 3,332.00
Gross Gearing 61.25% 57.21% 61.85% 64.28% 69.03%
Borrowings Under 5 years 3,692.00 3,228.00 3,365.00 3,250.00 3,332.00
Under 5 years 61.25% 57.21% 61.85% 64.28% 69.03%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-14 31-Dec-13 31-Dec-12 31-Dec-11 31-Dec-10
Shareholders' Funds exc Intangibles 5,607.00 5,261.00 5,230.00 4,908.00 2,670.00
Net Borrowings £ (Millions) (19,017.00) (14,226.00) (13,287.00) (10,863.00) (9,704.00)
Net Gearing n/a n/a n/a n/a n/a
Cash & Near Cash 22,709.00 17,454.00 16,652.00 14,113.00 13,036.00
Cash 405.01% 331.76% 318.39% 287.55% 488.24%
Gross Borrowings 3,692.00 3,228.00 3,365.00 3,250.00 3,332.00
Gross Gearing 65.85% 61.36% 64.34% 66.22% 124.79%
Borrowings Under 5 years 3,692.00 3,228.00 3,365.00 3,250.00 3,332.00
Under 5 years 65.85% 61.36% 64.34% 66.22% 124.79%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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