Manutan International (MAN.PA) Stock Fundamental Analysis
EPA:MAN - Euronext Paris - Matif - FR0000032302 - Common Stock - Currency: EUR
Overall MAN gets a fundamental rating of 6 out of 10. We evaluated MAN against 0 industry peers in the Internet & Direct Marketing Retail industry. MAN has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. MAN is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year MAN was profitable.
In the past year MAN had a positive cash flow from operations.
Each year in the past 5 years MAN has been profitable.
In the past 5 years MAN always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of MAN (6.45%) is better than 83.33% of its industry peers.
The Return On Equity of MAN (9.08%) is better than 76.67% of its industry peers.
MAN's Return On Invested Capital of 8.50% is fine compared to the rest of the industry. MAN outperforms 76.67% of its industry peers.
The 3 year average ROIC (16.93%) for MAN is well above the current ROIC(8.50%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.45% | ||
| ROE | 9.08% | ||
| ROIC | 8.5% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)16.93%
ROIC(5y)N/A
1.3 Margins
MAN has a Profit Margin of 5.60%. This is amongst the best in the industry. MAN outperforms 90.00% of its industry peers.
MAN's Profit Margin has been stable in the last couple of years.
With an excellent Operating Margin value of 7.44%, MAN belongs to the best of the industry, outperforming 86.67% of the companies in the same industry.
In the last couple of years the Operating Margin of MAN has remained more or less at the same level.
With a Gross Margin value of 26.47%, MAN is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of MAN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.44% | ||
| PM (TTM) | 5.6% | ||
| GM | 26.47% |
OM growth 3Y-2.53%
OM growth 5Y-0.62%
PM growth 3Y0.84%
PM growth 5Y0.31%
GM growth 3Y-0.7%
GM growth 5Y-0.47%
2. Health
2.1 Basic Checks
MAN has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, MAN has about the same amount of shares outstanding.
Compared to 1 year ago, MAN has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.85 indicates that MAN is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 4.85, MAN belongs to the best of the industry, outperforming 93.33% of the companies in the same industry.
The Debt to FCF ratio of MAN is 1.11, which is an excellent value as it means it would take MAN, only 1.11 years of fcf income to pay off all of its debts.
MAN has a better Debt to FCF ratio (1.11) than 93.33% of its industry peers.
A Debt/Equity ratio of 0.04 indicates that MAN is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.04, MAN belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 1.11 | ||
| Altman-Z | 4.85 |
ROIC/WACC1
WACC8.5%
2.3 Liquidity
A Current Ratio of 2.21 indicates that MAN has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.21, MAN is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
A Quick Ratio of 1.70 indicates that MAN should not have too much problems paying its short term obligations.
MAN's Quick ratio of 1.70 is fine compared to the rest of the industry. MAN outperforms 76.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.21 | ||
| Quick Ratio | 1.7 |
3. Growth
3.1 Past
MAN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.12%, which is quite impressive.
Measured over the past 5 years, MAN shows a small growth in Earnings Per Share. The EPS has been growing by 5.37% on average per year.
Looking at the last year, MAN shows a quite strong growth in Revenue. The Revenue has grown by 10.56% in the last year.
MAN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.04% yearly.
EPS 1Y (TTM)20.12%
EPS 3Y6.3%
EPS 5Y5.37%
EPS Q2Q%7.82%
Revenue 1Y (TTM)10.56%
Revenue growth 3Y5.41%
Revenue growth 5Y5.04%
Sales Q2Q%9.44%
3.2 Future
The Earnings Per Share is expected to grow by 1.43% on average over the next years.
MAN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.08% yearly.
EPS Next Y1.67%
EPS Next 2Y1.43%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.1%
Revenue Next 2Y2.08%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 15.72, which indicates a correct valuation of MAN.
Compared to the rest of the industry, the Price/Earnings ratio of MAN indicates a somewhat cheap valuation: MAN is cheaper than 73.33% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.34. MAN is valued slightly cheaper when compared to this.
MAN is valuated correctly with a Price/Forward Earnings ratio of 15.54.
Based on the Price/Forward Earnings ratio, MAN is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
MAN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.19, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.72 | ||
| Fwd PE | 15.54 |
4.2 Price Multiples
76.67% of the companies in the same industry are more expensive than MAN, based on the Enterprise Value to EBITDA ratio.
86.67% of the companies in the same industry are more expensive than MAN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.18 | ||
| EV/EBITDA | 8.17 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MAN does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of MAN may justify a higher PE ratio.
PEG (NY)9.4
PEG (5Y)2.93
EPS Next 2Y1.43%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.59%, MAN has a reasonable but not impressive dividend return.
MAN's Dividend Yield is slightly below the S&P500 average, which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.59% |
5.2 History
The dividend of MAN has a limited annual growth rate of 2.94%.
Dividend Growth(5Y)2.94%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
24.75% of the earnings are spent on dividend by MAN. This is a low number and sustainable payout ratio.
The dividend of MAN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP24.75%
EPS Next 2Y1.43%
EPS Next 3YN/A
EPA:MAN (2/8/2023, 7:00:00 PM)
105
+2 (+1.94%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryInternet & Direct Marketing Retail
Earnings (Last)
Earnings (Next)
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap797.65M
Analysts45.71
Price Target107.1 (2%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.59% |
Yearly Dividend1.8
Dividend Growth(5Y)2.94%
DP24.75%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-2.62%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.72 | ||
| Fwd PE | 15.54 | ||
| P/S | 0.88 | ||
| P/FCF | 22.18 | ||
| P/OCF | 13.93 | ||
| P/B | 1.43 | ||
| P/tB | 2.25 | ||
| EV/EBITDA | 8.17 |
EPS(TTM)6.68
EY6.36%
EPS(NY)6.76
Fwd EY6.44%
FCF(TTM)4.73
FCFY4.51%
OCF(TTM)7.54
OCFY7.18%
SpS119.32
BVpS73.55
TBVpS46.62
PEG (NY)9.4
PEG (5Y)2.93
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.45% | ||
| ROE | 9.08% | ||
| ROCE | N/A | ||
| ROIC | 8.5% | ||
| ROICexc | 10.45% | ||
| ROICexgc | 18.19% | ||
| OM | 7.44% | ||
| PM (TTM) | 5.6% | ||
| GM | 26.47% | ||
| FCFM | N/A |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)16.93%
ROIC(5y)N/A
ROICexc(3y)9.72%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y-3.65%
ROICexcg growth 5Y-1.89%
ROICexc growth 3Y-1.09%
ROICexc growth 5Y-0.33%
OM growth 3Y-2.53%
OM growth 5Y-0.62%
PM growth 3Y0.84%
PM growth 5Y0.31%
GM growth 3Y-0.7%
GM growth 5Y-0.47%
F-Score7
Asset Turnover1.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 1.11 | ||
| Debt/EBITDA | 0.45 | ||
| Cap/Depr | 98.7% | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 70.86% | ||
| Current Ratio | 2.21 | ||
| Quick Ratio | 1.7 | ||
| Altman-Z | 4.85 |
F-Score7
WACC8.5%
ROIC/WACC1
Cap/Depr(3y)92.8%
Cap/Depr(5y)118.36%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)85.02%
Profit Quality(5y)82.98%
High Growth Momentum
Growth
EPS 1Y (TTM)20.12%
EPS 3Y6.3%
EPS 5Y5.37%
EPS Q2Q%7.82%
EPS Next Y1.67%
EPS Next 2Y1.43%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)10.56%
Revenue growth 3Y5.41%
Revenue growth 5Y5.04%
Sales Q2Q%9.44%
Revenue Next Year2.1%
Revenue Next 2Y2.08%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y13.81%
EBIT growth 3Y2.74%
EBIT growth 5Y4.39%
EBIT Next Year37.31%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-43.8%
FCF growth 3Y-10.32%
FCF growth 5Y-3.13%
OCF growth 1Y-25.14%
OCF growth 3Y-9.83%
OCF growth 5Y3.24%