Manutan International (MAN.PA) Stock Fundamental Analysis
EPA:MAN - Euronext Paris - Matif - FR0000032302 - Common Stock - Currency: EUR
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 outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. MAN has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
MAN had positive earnings in the past year.
In the past year MAN had a positive cash flow from operations.
MAN had positive earnings in each of the past 5 years.
MAN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MAN's Return On Assets of 6.45% is amongst the best of the industry. MAN outperforms 83.33% of its industry peers.
MAN's Return On Equity of 9.08% is fine compared to the rest of the industry. MAN outperforms 76.67% of its industry peers.
Looking at the Return On Invested Capital, with a value of 8.50%, MAN is in the better half of the industry, outperforming 76.67% of the companies in the same industry.
The last Return On Invested Capital (8.50%) for MAN is well below the 3 year average (16.93%), which needs to be investigated, but indicates that MAN had better years and this may not be a problem.
| 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
With an excellent Profit Margin value of 5.60%, MAN belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
In the last couple of years the Profit Margin of MAN has remained more or less at the same level.
The Operating Margin of MAN (7.44%) is better than 86.67% of its industry peers.
In the last couple of years the Operating Margin of MAN has remained more or less at the same level.
MAN has a Gross Margin of 26.47%. This is in the lower half of the industry: MAN underperforms 66.67% of its industry peers.
MAN's Gross Margin has been stable in the last couple of years.
| 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
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.
MAN's Altman-Z score of 4.85 is amongst the best of the industry. MAN outperforms 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.
MAN has a Debt to FCF ratio of 1.11. This is amongst the best in the industry. MAN outperforms 93.33% of its industry peers.
MAN has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.04, MAN belongs to the top 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.
The Current ratio of MAN (2.21) is better than 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'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.
MAN shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.37% yearly.
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
Based on estimates for the next years, MAN will show a small growth in Earnings Per Share. The EPS will grow by 1.43% on average per year.
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
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
Based on the Price/Earnings ratio of 15.72, the valuation of MAN can be described as correct.
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.
MAN is valuated rather cheaply when we compare the Price/Earnings ratio to 27.91, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 15.54, MAN is valued correctly.
MAN's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. MAN is cheaper than 80.00% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 37.11. MAN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.72 | ||
| Fwd PE | 15.54 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MAN is valued a bit cheaper than the industry average as 76.67% of the companies are valued more expensively.
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 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 an expensive valuation of the company.
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
MAN has a Yearly Dividend Yield of 1.59%.
MAN's Dividend Yield is slightly below the S&P500 average, which is at 2.32.
| 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
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
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%