Manutan International (MAN.PA) Stock Fundamental Analysis

EPA:MAN • FR0000032302

105 EUR
+2 (+1.94%)
Last: Feb 8, 2023, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

6

Taking everything into account, MAN scores 6 out of 10 in our fundamental rating. MAN was compared to 0 industry peers in the Internet & Direct Marketing Retail industry. MAN has an excellent financial health rating, but there are some minor concerns on its profitability. MAN is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year MAN was profitable.
  • MAN had a positive operating cash flow in the past year.
MAN.PA Yearly Net Income VS EBIT VS OCF VS FCFMAN.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 20M 40M 60M

1.2 Ratios

  • MAN has a Return On Assets of 6.45%. This is amongst the best in the industry. MAN outperforms 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 RankSector 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
MAN.PA Yearly ROA, ROE, ROICMAN.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2 4 6 8

1.3 Margins

  • MAN has a better Profit Margin (5.60%) than 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.
  • The Gross Margin of MAN (26.47%) is worse than 66.67% of its industry peers.
  • MAN's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
MAN.PA Yearly Profit, Operating, Gross MarginsMAN.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 5 10 15 20 25

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ROAROEROICOperating and Profit MarginShow most profitable peers

8

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.
  • MAN has a better debt/assets ratio than last year.
MAN.PA Yearly Shares OutstandingMAN.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2M 4M 6M
MAN.PA Yearly Total Debt VS Total AssetsMAN.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 200M 400M 600M

2.2 Solvency

  • MAN has an Altman-Z score of 4.85. This indicates that MAN is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of MAN (4.85) is better than 93.33% of its industry peers.
  • 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.
  • The Debt to FCF ratio of MAN (1.11) is better than 93.33% of its industry peers.
  • A Debt/Equity ratio of 0.04 indicates that MAN is not too dependend on debt financing.
  • MAN has a better Debt to Equity ratio (0.04) than 83.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF 1.11
Altman-Z 4.85
ROIC/WACC1
WACC8.5%
MAN.PA Yearly LT Debt VS Equity VS FCFMAN.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 100M 200M 300M 400M 500M

2.3 Liquidity

  • A Current Ratio of 2.21 indicates that MAN has no problem at all paying its short term obligations.
  • MAN has a Current ratio of 2.21. This is in the better half of the industry: MAN outperforms 80.00% of its industry peers.
  • MAN has a Quick Ratio of 1.70. This is a normal value and indicates that MAN is financially healthy and should not expect problems in meeting its short term obligations.
  • MAN has a better Quick ratio (1.70) than 76.67% of its industry peers.
Industry RankSector Rank
Current Ratio 2.21
Quick Ratio 1.7
MAN.PA Yearly Current Assets VS Current LiabilitesMAN.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 100M 200M 300M 400M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 20.12% over the past year.
  • The Earnings Per Share has been growing slightly by 5.37% on average over the past years.
  • The Revenue has grown by 10.56% in the past year. This is quite good.
  • 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

  • MAN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.43% yearly.
  • The Revenue is expected to grow by 2.08% on average over the next years.
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
MAN.PA Yearly Revenue VS EstimatesMAN.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
MAN.PA Yearly EPS VS EstimatesMAN.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6

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5

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 15.72 indicates a correct valuation of MAN.
  • 73.33% of the companies in the same industry are more expensive than MAN, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of MAN to the average of the S&P500 Index (27.07), we can say MAN is valued slightly cheaper.
  • A Price/Forward Earnings ratio of 15.54 indicates a correct valuation of MAN.
  • 80.00% of the companies in the same industry are more expensive than MAN, based on the Price/Forward Earnings ratio.
  • MAN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.05.
Industry RankSector Rank
PE 15.72
Fwd PE 15.54
MAN.PA Price Earnings VS Forward Price EarningsMAN.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

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.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of MAN indicates a rather cheap valuation: MAN is cheaper than 86.67% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 22.18
EV/EBITDA 8.17
MAN.PA Per share dataMAN.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

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.
PEG (NY)9.4
PEG (5Y)2.93
EPS Next 2Y1.43%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 1.59%, MAN has a reasonable but not impressive dividend return.
  • Compared to an average S&P500 Dividend Yield of 1.82, MAN has a dividend comparable with the average S&P500 company.
Industry RankSector 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
MAN.PA Yearly Dividends per shareMAN.PA Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 0.5 1 1.5

5.3 Sustainability

  • MAN pays out 24.75% of its income as dividend. This is a sustainable payout ratio.
  • MAN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP24.75%
EPS Next 2Y1.43%
EPS Next 3YN/A
MAN.PA Yearly Income VS Free CF VS DividendMAN.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 20M 40M 60M
MAN.PA Dividend Payout.MAN.PA Dividend Payout, showing the Payout Ratio.MAN.PA Dividend Payout.PayoutRetained Earnings

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Manutan International

EPA:MAN (2/8/2023, 7:00:00 PM)

105

+2 (+1.94%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryInternet & Direct Marketing Retail
Earnings (Last)N/A
Earnings (Next)N/A
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap797.65M
Revenue(TTM)906.46M
Net Income(TTM)50.76M
Analysts45.71
Price Target107.1 (2%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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 RankSector 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
Graham NumberN/A
Profitability
Industry RankSector 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
ROICexgc growth 3Y-3.65%
ROICexgc 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 RankSector 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%

Manutan International / MAN.PA FAQ

What is the ChartMill fundamental rating of Manutan International (MAN.PA) stock?

ChartMill assigns a fundamental rating of 5 / 10 to MAN.PA.


What is the valuation status of Manutan International (MAN.PA) stock?

ChartMill assigns a valuation rating of 2 / 10 to Manutan International (MAN.PA). This can be considered as Overvalued.


How profitable is Manutan International (MAN.PA) stock?

Manutan International (MAN.PA) has a profitability rating of 5 / 10.


What is the earnings growth outlook for Manutan International?

The Earnings per Share (EPS) of Manutan International (MAN.PA) is expected to grow by 1.67% in the next year.


Can you provide the dividend sustainability for MAN stock?

The dividend rating of Manutan International (MAN.PA) is 3 / 10 and the dividend payout ratio is 24.75%.