MAN GROUP PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 247 GBX | +1.23% |
|
-1.59% | +6.19% |
| Apr. 22 | Jefferies raises B&M to 'hold' | AN |
| Apr. 19 | Stocks tentative on rising Israel-Iran tensions | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,124 | 2,693 | 4,192 | 3,203 | 3,476 | 3,584 | - | - |
| Enterprise Value (EV) 1 | 3,150 | 2,342 | 4,055 | 2,999 | 3,476 | 3,243 | 3,032 | 3,086 |
| P/E ratio | 11.4 x | 20.3 x | 9.1 x | 5.64 x | 15.3 x | 7.75 x | 7.61 x | 6.47 x |
| Yield | 4.68% | 5.62% | 4.55% | 6.07% | - | 5.7% | 6.26% | 7.15% |
| Capitalization / Revenue | - | 2.87 x | 2.82 x | 1.89 x | 2.91 x | 2.2 x | 2.13 x | 1.95 x |
| EV / Revenue | - | 2.49 x | 2.73 x | 1.77 x | 2.91 x | 1.99 x | 1.8 x | 1.68 x |
| EV / EBITDA | 6.21 x | 6.08 x | 5.79 x | 3.66 x | 8.5 x | 4.77 x | 4.31 x | 3.94 x |
| EV / FCF | 7.34 x | 6.47 x | 9.32 x | 4.33 x | - | 6.7 x | 6.4 x | 6.09 x |
| FCF Yield | 13.6% | 15.5% | 10.7% | 23.1% | - | 14.9% | 15.6% | 16.4% |
| Price to Book | 1.92 x | 1.86 x | 2.68 x | 1.88 x | - | 1.59 x | 1.42 x | 1.26 x |
| Nbr of stocks (in thousands) | 1,491,008 | 1,427,038 | 1,362,567 | 1,239,340 | 1,173,883 | 1,164,998 | - | - |
| Reference price 2 | 2.095 | 1.887 | 3.076 | 2.585 | 2.961 | 3.077 | 3.077 | 3.077 |
| Announcement Date | 2/28/20 | 3/2/21 | 3/1/22 | 2/28/23 | 2/29/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 939 | 1,486 | 1,696 | 1,196 | 1,627 | 1,681 | 1,841 |
| EBITDA 1 | 507 | 385 | 700 | 820 | 409 | 679.5 | 703.9 | 784.1 |
| EBIT 1 | - | 296 | 671 | 790 | 361 | 629.9 | 654.2 | 742.7 |
| Operating Margin | - | 31.52% | 45.15% | 46.58% | 30.18% | 38.71% | 38.91% | 40.35% |
| Earnings before Tax (EBT) 1 | - | 179 | 590 | 745 | 279 | 624.5 | 581.8 | 647.2 |
| Net income 1 | - | 138 | 487 | 608 | 234 | 464.1 | 427.8 | 476.2 |
| Net margin | - | 14.7% | 32.77% | 35.85% | 19.57% | 28.52% | 25.44% | 25.87% |
| EPS 2 | 0.1840 | 0.0930 | 0.3380 | 0.4580 | 0.1940 | 0.3970 | 0.4040 | 0.4757 |
| Free Cash Flow 1 | 429 | 362 | 435 | 692 | - | 484.4 | 473.6 | 506.5 |
| FCF margin | - | 38.55% | 29.27% | 40.8% | - | 29.76% | 28.16% | 27.52% |
| FCF Conversion (EBITDA) | 84.62% | 94.03% | 62.14% | 84.39% | - | 71.28% | 67.28% | 64.6% |
| FCF Conversion (Net income) | - | 262.32% | 89.32% | 113.82% | - | 104.37% | 110.7% | 106.37% |
| Dividend per Share 2 | 0.0980 | 0.1060 | 0.1400 | 0.1570 | - | 0.1753 | 0.1926 | 0.2201 |
| Announcement Date | 2/28/20 | 3/2/21 | 3/1/22 | 2/28/23 | 2/29/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | - | 397 | - | 718 | 768 | 874 | 822 | 510 | 686 | - | - |
| EBITDA | - | - | - | - | - | 417 | - | 167 | - | - | - |
| EBIT 1 | - | - | - | 329 | - | - | 389 | 143 | 218 | 265 | 349.1 |
| Operating Margin | - | - | - | 45.82% | - | - | 47.32% | 28.04% | 31.78% | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | 39 | - | - | 259 | 308 | - | - | - | - | - |
| Net margin | - | 9.82% | - | - | 33.72% | 35.24% | - | - | - | - | - |
| EPS | 0.1260 | 0.0260 | 0.0670 | 0.1580 | 0.1800 | 0.2270 | 0.2310 | 0.0680 | - | - | - |
| Dividend per Share | 0.0510 | 0.0490 | 0.0570 | 0.0560 | 0.0840 | 0.0560 | 0.1010 | 0.0560 | - | - | - |
| Announcement Date | 2/28/20 | 7/30/20 | 3/2/21 | 7/28/21 | 3/1/22 | 8/2/22 | 2/28/23 | 8/1/23 | 2/29/24 | - | - |
1USD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 26 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 351 | 137 | 204 | - | 341 | 552 | 498 |
| Leverage (Debt/EBITDA) | 0.0513 x | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 429 | 362 | 435 | 692 | - | 484 | 474 | 507 |
| ROE (net income / shareholders' equity) | 17.7% | 8.84% | 30.9% | 36.3% | - | 25.5% | 23.2% | 24.3% |
| ROA (Net income/ Total Assets) | 10.6% | 5.15% | 17.6% | - | - | 8.93% | 10.5% | 12.1% |
| Assets 1 | - | 2,680 | 2,765 | - | - | 5,197 | 4,067 | 3,938 |
| Book Value Per Share 2 | 1.090 | 1.010 | 1.150 | 1.370 | - | 1.930 | 2.160 | 2.440 |
| Cash Flow per Share 2 | 0.2800 | 0.2700 | 0.3400 | 0.5600 | - | 0.4500 | 0.4000 | 0.4600 |
| Capex 1 | 23 | 30 | 49 | 45 | - | 25.5 | 27.1 | 28.8 |
| Capex / Sales | - | 3.19% | 3.3% | 2.65% | - | 1.57% | 1.61% | 1.57% |
| Announcement Date | 2/28/20 | 3/2/21 | 3/1/22 | 2/28/23 | 2/29/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
3.077
USD
Average target price
3.791
USD
Spread / Average Target
+23.22%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +6.19% | 3.58B | |
| -6.44% | 88.47B | |
| +15.32% | 84.55B | |
| +12.36% | 26.01B | |
| -6.65% | 17.28B | |
| +6.74% | 14.28B | |
| -16.11% | 13.16B | |
| +16.00% | 9.52B | |
| +26.11% | 8.75B | |
| +27.22% | 7.13B |
- Stock Market
- Equities
- EMG Stock
- Financials Man Group Plc
