Prudential PLC PRU

Morningstar Rating
GBX 720.40 +28.80 (4.16%)
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Company Report

Prudential plc: Strategic Partnership With Bank Syariah Indonesia

Prudential plc has announced a partnership with Bank Syariah Indonesia, which means Prudential will become the Shariah life insurance provider to BSI starting in early 2025. With this partnership, Prudential will broaden its distribution platform, which has predominantly relied on agents in this country. According to BSI, it is Indonesia’s largest Shariah bank with around 19.6 million customers and over 1,000 branches. Other deals here include United Overseas Bank's recent acquisition of Citigroup's consumer banking business in Indonesia. We maintain our fair value estimate and no moat rating.

Price vs Fair Value

PRU is trading at a 418% premium.
Price
GBX 691.60
Fair Value
GBX 9,869.00
Uncertainty
High
1-Star Price
GBX 9,941.00
5-Star Price
GBX 894.00
Economic Moat
Nspr
Capital Allocation
Yxrvzypq

Bulls Say, Bears Say

Bulls

Prudential has long growth runways in many of its target regions.

Bears

Prudential's intangible assets haven’t yet led to the generation of maintainable and defendable economic earnings.

News

Trading Information

Previous Close Price
GBX 691.60
Day Range
GBX 699.80727.20
52-Week Range
GBX 601.40954.80
Bid/Ask
GBX 640.00 / GBX 768.00
Market Cap
GBX 1.94 Tril
Volume/Avg
15.8 Mil / 9.8 Mil

Key Statistics

Price/Earnings (Normalized)
9.55
Price/Sales
3.32
Dividend Yield (Trailing)
2.29%
Dividend Yield (Forward)
2.29%
Total Yield
2.54%

Company Profile

Originally established as Prudential Mutual Assurance, Investment, and Loan Association in 1848, Prudential plc has moved on a lot since then. Set up to sell life insurance and loans to the middle and then the industrializing and urbanizing working classes, the company subsequently diversified into Europe and then North America with the purchase of Jackson National Life in around 1985. During its time as owner of Jackson, Prudential focused on building out a simple chassis-style product portfolio where customers could choose a variety of add-ons. The company also became renowned for its focus on building requisite internal capabilities to support its strong product offerings, including compelling technology and a large and well-trained sales personnel.
Sector
Financial Services
Industry
Insurance - Life
Stock Style Box
Large Value
Total Number of Employees
15,030

Competitors

Valuation

Metric
PRU
01299
MFC
Price/Earnings (Normalized)
9.5521.0610.90
Price/Book Value
1.542.581.70
Price/Sales
3.325.611.69
Price/Cash Flow
15.8418.03
Price/Earnings
PRU
01299
MFC

Financial Strength

Metric
PRU
01299
MFC
Quick Ratio
Current Ratio
Interest Coverage
8.6512.104.58
Quick Ratio
No chart available

Profitability

Metric
PRU
01299
MFC
Return on Assets (Normalized)
0.13%2.23%0.78%
Return on Equity (Normalized)
1.27%15.38%16.60%
Return on Invested Capital (Normalized)
1.48%12.10%9.80%
Return on Assets
PRU
01299
MFC

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