Prudential plc ADR Aktie News

JP Morgan anticipates Prudential PLC (LSE:PRU) will significantly increase its capital returns to shareholders from 2025. Despite robust growth in new business value and promising free cash-flow prospects, the insurance giant continues to trade at discounted valuations — approximately 0.55 times its expected enterprise value and about 0.7 times its comprehensive equity for 2024.

Prudential plc (PUK) H2 2023 Earnings Call Transcript

Shares in financial services business Prudential fell on Wednesday after an underwhelmed response from the market to forecast-beating trading numbers.

Prudential PLC's adjusted operating profit rose in 2023, beating analysts' consensus forecast amid lower central costs and higher earnings from Eastspring, its asset management business.

U.K. Dividend Stocks Portfolio: 2023 Year-End Review

Prudential stock has been punished all year for its greater China exposure. The ex-China business is, however, still growing strongly, while Hong Kong has continued to defy expectations. At the current low-teens earnings multiple, I think Prudential should quite easily grow into its valuation over time.

Prudential has strong operating momentum and growth prospects, particularly in Asia. The company reported good sales and earnings growth in 9M 2023, driven by strong consumer demand in China and other Asian countries. Prudential's current valuation is attractive compared to its history and peers, making it an interesting growth play in the European insurance sector.

Sales and profits growth cool during the third quarter of 2023 while margins improve.