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MANPOWERGROUP INC (MAN) Stock Fundamental Analysis

USA - NYSE:MAN - US56418H1005 - Common Stock

34.66 USD
+0.73 (+2.15%)
Last: 10/21/2025, 1:37:49 PM
Fundamental Rating

4

Overall MAN gets a fundamental rating of 4 out of 10. We evaluated MAN against 86 industry peers in the Professional Services industry. Both the profitability and financial health of MAN have multiple concerns. MAN has a valuation in line with the averages, but on the other hand it scores bad on growth. Finally MAN also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

In the past year MAN was profitable.
MAN had a negative operating cash flow in the past year.
In the past 5 years MAN has always been profitable.
Each year in the past 5 years MAN had a positive operating cash flow.
MAN Yearly Net Income VS EBIT VS OCF VS FCFMAN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

1.2 Ratios

MAN has a Return On Assets of -0.19%. This is comparable to the rest of the industry: MAN outperforms 41.86% of its industry peers.
MAN has a worse Return On Equity (-0.81%) than 60.47% of its industry peers.
MAN's Return On Invested Capital of 6.36% is in line compared to the rest of the industry. MAN outperforms 51.16% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MAN is below the industry average of 13.28%.
Industry RankSector Rank
ROA -0.19%
ROE -0.81%
ROIC 6.36%
ROA(3y)2.29%
ROA(5y)2.2%
ROE(3y)8.7%
ROE(5y)8.45%
ROIC(3y)9.54%
ROIC(5y)9.39%
MAN Yearly ROA, ROE, ROICMAN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

In the last couple of years the Profit Margin of MAN has declined.
Looking at the Operating Margin, with a value of 1.49%, MAN is doing worse than 60.47% of the companies in the same industry.
MAN's Operating Margin has declined in the last couple of years.
The Gross Margin of MAN (17.10%) is worse than 79.07% of its industry peers.
In the last couple of years the Gross Margin of MAN has remained more or less at the same level.
Industry RankSector Rank
OM 1.49%
PM (TTM) N/A
GM 17.1%
OM growth 3Y-12.76%
OM growth 5Y-10.46%
PM growth 3Y-23.89%
PM growth 5Y-18.31%
GM growth 3Y1.68%
GM growth 5Y1.34%
MAN Yearly Profit, Operating, Gross MarginsMAN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

3

2. Health

2.1 Basic Checks

MAN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, MAN has less shares outstanding
The number of shares outstanding for MAN has been reduced compared to 5 years ago.
The debt/assets ratio for MAN is higher compared to a year ago.
MAN Yearly Shares OutstandingMAN Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
MAN Yearly Total Debt VS Total AssetsMAN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

An Altman-Z score of 2.90 indicates that MAN is not a great score, but indicates only limited risk for bankruptcy at the moment.
MAN has a Altman-Z score (2.90) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.24 indicates that MAN is not too dependend on debt financing.
MAN's Debt to Equity ratio of 0.24 is in line compared to the rest of the industry. MAN outperforms 56.98% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.24
Debt/FCF N/A
Altman-Z 2.9
ROIC/WACC0.79
WACC8.07%
MAN Yearly LT Debt VS Equity VS FCFMAN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

A Current Ratio of 0.98 indicates that MAN may have some problems paying its short term obligations.
The Current ratio of MAN (0.98) is worse than 74.42% of its industry peers.
A Quick Ratio of 0.98 indicates that MAN may have some problems paying its short term obligations.
The Quick ratio of MAN (0.98) is worse than 74.42% of its industry peers.
Industry RankSector Rank
Current Ratio 0.98
Quick Ratio 0.98
MAN Yearly Current Assets VS Current LiabilitesMAN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

3

3. Growth

3.1 Past

The earnings per share for MAN have decreased strongly by -38.35% in the last year.
Measured over the past years, MAN shows a decrease in Earnings Per Share. The EPS has been decreasing by -9.54% on average per year.
The Revenue has decreased by -5.61% in the past year.
The Revenue has been decreasing by -3.07% on average over the past years.
EPS 1Y (TTM)-38.35%
EPS 3Y-14.42%
EPS 5Y-9.54%
EPS Q2Q%-35.66%
Revenue 1Y (TTM)-5.61%
Revenue growth 3Y-4.85%
Revenue growth 5Y-3.07%
Sales Q2Q%2.3%

3.2 Future

Based on estimates for the next years, MAN will show a very strong growth in Earnings Per Share. The EPS will grow by 26.51% on average per year.
Based on estimates for the next years, MAN will show a small growth in Revenue. The Revenue will grow by 3.21% on average per year.
EPS Next Y-35.55%
EPS Next 2Y-1.35%
EPS Next 3Y9.85%
EPS Next 5Y26.51%
Revenue Next Year-0.33%
Revenue Next 2Y1.52%
Revenue Next 3Y2.42%
Revenue Next 5Y3.21%

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 accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
MAN Yearly Revenue VS EstimatesMAN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B 20B
MAN Yearly EPS VS EstimatesMAN Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5 10 15

5

4. Valuation

4.1 Price/Earnings Ratio

MAN is valuated reasonably with a Price/Earnings ratio of 11.29.
Based on the Price/Earnings ratio, MAN is valued cheaper than 87.21% of the companies in the same industry.
MAN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.69.
MAN is valuated cheaply with a Price/Forward Earnings ratio of 7.83.
Based on the Price/Forward Earnings ratio, MAN is valued cheaply inside the industry as 90.70% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.18, MAN is valued rather cheaply.
Industry RankSector Rank
PE 11.29
Fwd PE 7.83
MAN Price Earnings VS Forward Price EarningsMAN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

84.88% of the companies in the same industry are more expensive than MAN, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 7.38
MAN Per share dataMAN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 100 200 300

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-1.35%
EPS Next 3Y9.85%

8

5. Dividend

5.1 Amount

MAN has a Yearly Dividend Yield of 4.27%, which is a nice return.
In the last 3 months the price of MAN has falen by -25.75%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 3.84, MAN pays a better dividend. On top of this MAN pays more dividend than 93.02% of the companies listed in the same industry.
MAN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
Industry RankSector Rank
Dividend Yield 4.27%

5.2 History

On average, the dividend of MAN grows each year by 7.20%, which is quite nice.
MAN has been paying a dividend for at least 10 years, so it has a reliable track record.
MAN has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)7.2%
Div Incr Years14
Div Non Decr Years30
MAN Yearly Dividends per shareMAN Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

MAN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
The dividend of MAN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-651.85%
EPS Next 2Y-1.35%
EPS Next 3Y9.85%
MAN Yearly Income VS Free CF VS DividendMAN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

MANPOWERGROUP INC

NYSE:MAN (10/21/2025, 1:37:49 PM)

34.66

+0.73 (+2.15%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)10-16 2025-10-16/bmo
Earnings (Next)01-28 2026-01-28/amc
Inst Owners108.62%
Inst Owner Change0.5%
Ins Owners1.54%
Ins Owner Change0%
Market Cap1.60B
Analysts67.5
Price Target49.6 (43.1%)
Short Float %7.94%
Short Ratio3.51
Dividend
Industry RankSector Rank
Dividend Yield 4.27%
Yearly Dividend3.06
Dividend Growth(5Y)7.2%
DP-651.85%
Div Incr Years14
Div Non Decr Years30
Ex-Date06-02 2025-06-02 (0.72)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.23%
Min EPS beat(2)-12.39%
Max EPS beat(2)12.86%
EPS beat(4)2
Avg EPS beat(4)0.61%
Min EPS beat(4)-12.39%
Max EPS beat(4)12.86%
EPS beat(8)6
Avg EPS beat(8)3.34%
EPS beat(12)7
Avg EPS beat(12)1.67%
EPS beat(16)10
Avg EPS beat(16)2.82%
Revenue beat(2)2
Avg Revenue beat(2)2.39%
Min Revenue beat(2)2.23%
Max Revenue beat(2)2.55%
Revenue beat(4)2
Avg Revenue beat(4)0.68%
Min Revenue beat(4)-1.62%
Max Revenue beat(4)2.55%
Revenue beat(8)3
Avg Revenue beat(8)-0.09%
Revenue beat(12)4
Avg Revenue beat(12)-0.61%
Revenue beat(16)5
Avg Revenue beat(16)-1.04%
PT rev (1m)0%
PT rev (3m)0.78%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.3%
EPS NY rev (1m)0%
EPS NY rev (3m)1.39%
Revenue NQ rev (1m)-0.06%
Revenue NQ rev (3m)6.1%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.08%
Valuation
Industry RankSector Rank
PE 11.29
Fwd PE 7.83
P/S 0.09
P/FCF N/A
P/OCF N/A
P/B 0.8
P/tB 5348.04
EV/EBITDA 7.38
EPS(TTM)3.07
EY8.86%
EPS(NY)4.43
Fwd EY12.77%
FCF(TTM)-1.52
FCFYN/A
OCF(TTM)-0.25
OCFYN/A
SpS378.9
BVpS43.08
TBVpS0.01
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.19%
ROE -0.81%
ROCE 8.05%
ROIC 6.36%
ROICexc 6.99%
ROICexgc 21.59%
OM 1.49%
PM (TTM) N/A
GM 17.1%
FCFM N/A
ROA(3y)2.29%
ROA(5y)2.2%
ROE(3y)8.7%
ROE(5y)8.45%
ROIC(3y)9.54%
ROIC(5y)9.39%
ROICexc(3y)11.15%
ROICexc(5y)11.63%
ROICexgc(3y)28.72%
ROICexgc(5y)31.59%
ROCE(3y)12.13%
ROCE(5y)11.94%
ROICexcg growth 3Y-24.79%
ROICexcg growth 5Y-1.66%
ROICexc growth 3Y-17.48%
ROICexc growth 5Y-10.5%
OM growth 3Y-12.76%
OM growth 5Y-10.46%
PM growth 3Y-23.89%
PM growth 5Y-18.31%
GM growth 3Y1.68%
GM growth 5Y1.34%
F-Score3
Asset Turnover2.06
Health
Industry RankSector Rank
Debt/Equity 0.24
Debt/FCF N/A
Debt/EBITDA 1.35
Cap/Depr 67.47%
Cap/Sales 0.33%
Interest Coverage 2.35
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.98
Quick Ratio 0.98
Altman-Z 2.9
F-Score3
WACC8.07%
ROIC/WACC0.79
Cap/Depr(3y)78.88%
Cap/Depr(5y)78.11%
Cap/Sales(3y)0.36%
Cap/Sales(5y)0.33%
Profit Quality(3y)191.63%
Profit Quality(5y)883.46%
High Growth Momentum
Growth
EPS 1Y (TTM)-38.35%
EPS 3Y-14.42%
EPS 5Y-9.54%
EPS Q2Q%-35.66%
EPS Next Y-35.55%
EPS Next 2Y-1.35%
EPS Next 3Y9.85%
EPS Next 5Y26.51%
Revenue 1Y (TTM)-5.61%
Revenue growth 3Y-4.85%
Revenue growth 5Y-3.07%
Sales Q2Q%2.3%
Revenue Next Year-0.33%
Revenue Next 2Y1.52%
Revenue Next 3Y2.42%
Revenue Next 5Y3.21%
EBIT growth 1Y-26.43%
EBIT growth 3Y-16.98%
EBIT growth 5Y-13.2%
EBIT Next Year5.97%
EBIT Next 3Y15.13%
EBIT Next 5Y21.93%
FCF growth 1Y-123.29%
FCF growth 3Y-23.68%
FCF growth 5Y-19.46%
OCF growth 1Y-103.15%
OCF growth 3Y-21.73%
OCF growth 5Y-17.61%