MANPOWERGROUP INC (MAN) Stock Fundamental Analysis
USA - NYSE:MAN - US56418H1005 - Common Stock
33.93 USD
+0.22 (+0.65%)
33.93 USD
0 (0%)
Taking everything into account, MAN scores 4 out of 10 in our fundamental rating. MAN was compared to 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 it does not seem to be growing. MAN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
MAN had positive earnings in the past year.
In the past year MAN has reported a negative cash flow from operations.
In the past 5 years MAN has always been profitable.
MAN had a positive operating cash flow in each of the past 5 years.
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's Return On Equity of -0.81% is on the low side compared to the rest of the industry. MAN is outperformed by 60.47% of its industry peers.
MAN has a Return On Invested Capital (6.36%) which is in line with its industry peers.
MAN had an Average Return On Invested Capital over the past 3 years of 9.54%. This is below the industry average of 13.28%.
| Industry Rank | Sector 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%
1.3 Margins
MAN's Profit Margin has declined in the last couple of years.
The Operating Margin of MAN (1.49%) is worse than 60.47% of its industry peers.
In the last couple of years the Operating Margin of MAN has declined.
The Gross Margin of MAN (17.10%) is worse than 79.07% of its industry peers.
MAN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MAN is still creating some value.
MAN has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, MAN has less shares outstanding
The debt/assets ratio for MAN is higher compared to a year ago.
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 in line with its industry peers.
A Debt/Equity ratio of 0.24 indicates that MAN is not too dependend on debt financing.
MAN has a Debt to Equity ratio of 0.24. This is comparable to the rest of the industry: MAN outperforms 56.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.9 |
ROIC/WACC0.79
WACC8.07%
2.3 Liquidity
MAN has a Current Ratio of 0.98. This is a bad value and indicates that MAN is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.98, MAN is not doing good in the industry: 74.42% of the companies in the same industry are doing better.
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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.98 |
3. Growth
3.1 Past
The earnings per share for MAN have decreased strongly by -38.35% in the last year.
The Earnings Per Share has been decreasing by -9.54% on average over the past years.
MAN shows a decrease in Revenue. In the last year, the revenue decreased by -5.61%.
MAN shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -3.07% yearly.
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
MAN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.51% yearly.
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 11.05, the valuation of MAN can be described as reasonable.
86.05% of the companies in the same industry are more expensive than MAN, based on the Price/Earnings ratio.
MAN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.69.
A Price/Forward Earnings ratio of 7.66 indicates a rather cheap valuation of MAN.
Based on the Price/Forward Earnings ratio, MAN is valued cheaper than 89.53% of the companies in the same industry.
MAN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.18.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.05 | ||
| Fwd PE | 7.66 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MAN is valued cheaply inside the industry as 84.88% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 7.35 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-1.35%
EPS Next 3Y9.85%
5. Dividend
5.1 Amount
MAN has a Yearly Dividend Yield of 4.27%, which is a nice return.
The stock price of MAN dropped by -25.75% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
MAN's Dividend Yield is rather good when compared to the industry average which is at 3.84. MAN pays more dividend than 93.02% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, MAN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.27% |
5.2 History
The dividend of MAN is nicely growing with an annual growth rate of 7.20%!
MAN has paid a dividend for at least 10 years, which is a reliable track record.
MAN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.2%
Div Incr Years14
Div Non Decr Years30
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%
33.93
+0.22 (+0.65%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)
Earnings (Next)
Inst Owners108.62%
Inst Owner Change0.5%
Ins Owners1.54%
Ins Owner Change0%
Market Cap1.57B
Analysts67.5
Price Target49.6 (46.18%)
Short Float %7.94%
Short Ratio3.51
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.27% |
Yearly Dividend3.06
Dividend Growth(5Y)7.2%
DP-651.85%
Div Incr Years14
Div Non Decr Years30
Ex-Date
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.05 | ||
| Fwd PE | 7.66 | ||
| P/S | 0.09 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.79 | ||
| P/tB | 5235.4 | ||
| EV/EBITDA | 7.35 |
EPS(TTM)3.07
EY9.05%
EPS(NY)4.43
Fwd EY13.05%
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 Rank | Sector 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 Rank | Sector 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%