PRUDENTIAL PLC GBP0.05
Symbol: PRU
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Company
Business Summary
Prudential plc is a United Kingdom-based company, which provides life and health insurance and asset management products in Asia and Africa. Its businesses are diversified across Asia and Africa, with a health and protection focus. The Company protects its customers’ wealth, helps them grow their assets, and enables them to save for their goals. Its multi-channel distribution platform includes agents, banks, and digital. The Company provides savings and protection products in many markets challenged by low insurance penetration and pension funding in Africa. It focuses on providing regular health and protection business alongside fee-earning asset management services. Its asset management products are distributed to third-party institutions and retail clients alongside services provided to internal insurance customers. The Company has built its businesses in the markets, such as Chinese Mainland, Singapore, Hong Kong, Malaysia, and Indonesia.
Financial Summary
BRIEF: For the fiscal year ended 31 December 2023, Prudential plc revenues increased 52% to $10.66B. Net income totaled $1.7B vs. loss of $1.01B. Revenues reflect Insurance revenue increase of 10% to $9.37B. Net Income reflects Non-insurance expenditure decrease of 3% to $990M (expense), Interest expenses - Balancing value decrease of 14% to $165M (expense), Int exp on Financial Lease Liabilities decrease of 13% to $7M (expense).
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Revenue | 10,660.00 | -8,219.00 | 26,500.00 | 36,247.00 | 93,736.00 | 26,846.00 |
Gross profit | NIL | NIL | NIL | NIL | NIL | NIL |
Operating Profit/Loss | 2,188.00 | 1,632.00 | 2,652.00 | 2,707.00 | 2,041.00 | 2,755.00 |
Profit Before Tax | 2,097.00 | 1,461.00 | 2,676.00 | 2,908.00 | 1,922.00 | 2,584.00 |
Profit After Tax | 1,712.00 | 1,007.00 | 2,214.00 | 2,468.00 | 1,953.00 | 2,158.00 |
Equity Holders of Parent Company | 1,701.00 | 998.00 | -2,042.00 | 2,118.00 | 783.00 | 3,013.00 |
Minority Interest | 149.00 | 158.00 | 154.00 | 1,231.00 | 183.00 | 17.00 |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 174,066.00 | 165,942.00 | 199,102.00 | 516,097.00 | 454,214.00 | NIL |
Total Current Assets | NIL | NIL | NIL | NIL | NIL | NIL |
Total Assets | 174,066.00 | 165,942.00 | 199,102.00 | 516,097.00 | 454,214.00 | 508,645.00 |
Total Liabilities | 156,083.00 | 148,815.00 | 181,838.00 | 493,978.00 | 434,545.00 | 491,378.00 |
Total Net Assets | 17,983.00 | 17,127.00 | 17,264.00 | 22,119.00 | 19,669.00 | 17,267.00 |
Shareholders Funds | 17,823.00 | 16,960.00 | 17,088.00 | 20,878.00 | 19,477.00 | 17,249.00 |
Minority Interests | 149.00 | 158.00 | 154.00 | 1,231.00 | 183.00 | 17.00 |
Total Equity | 17,983.00 | 17,127.00 | 17,264.00 | 22,119.00 | 19,669.00 | 17,267.00 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy6 |
Buy7 |
Neutral1 |
Sell0 |
Strong Sell1 |
---|---|---|---|---|---|
Brokers | 6 | 7 | 1 | 0 | 1 |
Consensus |
ConsensusBuy |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2024 | 2025 | 2026 |
---|---|---|---|
Revenue | £25,760.40mn | £29,068.30mn | £35,233.50mn |
Pre-tax-Profit | £3,532.00mn | £3,923.36mn | £4,065.36mn |
EPS | £0.80p | £0.88p | £0.98p |
EPS Growth | -10.20% | 9.55% | 12.08% |
P/E | 8.99 | 8.18 | 7.3 |
PEG Ratio | -0.88 | 0.86 | 0.60 |
Dividend | 17.87p | 19.50p | 21.90p |
Yield | 0.00% | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
3rd Apr 2024 | Barclays | Reiteration | 720p | 1640p | 1390p | Overweight |
20th Mar 2024 | Jefferies | Reiteration | 745p | 0p | 1800p | Buy |
20th Feb 2024 | Barclays | Reiteration | 815p | 0p | 1640p | Overweight |
6th Feb 2024 | Barclays | Reiteration | 849p | 1610p | 1640p | Overweight |
29th Nov 2023 | Deutsche | Reiteration | 854p | 1420p | 1400p | Buy |
6th Nov 2023 | JP Morgan Cazenove | Reiteration | 900p | 0p | 1500p | Overweight |
8th Sep 2023 | Deutsche | Reiteration | 897p | 1550p | 1540p | Buy |
7th Sep 2023 | Barclays | Reiteration | 903p | 1575p | 1610p | Overweight |
24th Apr 2023 | Deutsche | Reiteration | 1144p | 1460p | 1550p | Buy |
28th Mar 2023 | Morgan Stanley | Reiteration | 1044p | 0p | 1544p | Overweight |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
18 Apr 2024 | 18:45 | 712.128 | 29,648 | Sell |
18 Apr 2024 | 18:45 | 711.271 | 6 | Sell |
18 Apr 2024 | 18:45 | 710.071 | 5,201 | Sell |
18 Apr 2024 | 18:45 | 716.149 | 19 | Sell |
18 Apr 2024 | 18:31 | 705.271 | 401 | Sell |
18 Apr 2024 | 18:31 | 708.579 | 11,413 | Sell |
18 Apr 2024 | 18:31 | 709.602 | 2,402 | Sell |
18 Apr 2024 | 18:31 | 707.713 | 859 | Sell |
18 Apr 2024 | 18:19 | 702.003 | 100 | Sell |
18 Apr 2024 | 18:14 | 714.291 | 35,489 | Sell |
18 Apr 2024 | 18:11 | 715.411 | 58,331 | Sell |
18 Apr 2024 | 18:10 | 708.389 | 24,046 | Sell |
18 Apr 2024 | 17:59 | 722.8 | 115 | Sell |
18 Apr 2024 | 17:59 | 722.8 | 18,166 | Sell |
18 Apr 2024 | 17:59 | 722.8 | 151 | Sell |
18 Apr 2024 | 17:59 | 722.8 | 5,309 | Sell |
18 Apr 2024 | 17:59 | 722.8 | 64 | Sell |
18 Apr 2024 | 17:59 | 722.8 | 490 | Sell |
18 Apr 2024 | 17:59 | 722.8 | 328 | Sell |
18 Apr 2024 | 17:59 | 722.8 | 9,349 | Sell |
Selected data supplied by Thomson Reuters © View restrictions.