MANPOWERGROUP INC (MAN) Stock Fundamental Analysis
USA - NYSE:MAN - US56418H1005 - Common Stock
37.91 USD
-1.21 (-3.09%)
MAN gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 81 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.
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.
Each year in the past 5 years MAN had a positive operating cash flow.
1.2 Ratios
MAN has a Return On Assets of -0.19%. This is in the lower half of the industry: MAN underperforms 61.73% of its industry peers.
MAN has a worse Return On Equity (-0.81%) than 62.96% 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 48.15% of 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 12.93%.
| 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 61.73% of its industry peers.
In the last couple of years the Operating Margin of MAN has declined.
MAN has a worse Gross Margin (17.10%) than 77.78% 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 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MAN is creating some value.
MAN has less shares outstanding than it did 1 year ago.
MAN has less shares outstanding than it did 5 years ago.
The debt/assets ratio for MAN is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.92 indicates that MAN is not a great score, but indicates only limited risk for bankruptcy at the moment.
MAN's Altman-Z score of 2.92 is in line compared to the rest of the industry. MAN outperforms 51.85% of its industry peers.
A Debt/Equity ratio of 0.24 indicates that MAN is not too dependend on debt financing.
The Debt to Equity ratio of MAN (0.24) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.92 |
ROIC/WACC0.74
WACC8.56%
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.
Looking at the Current ratio, with a value of 0.98, MAN is doing worse than 74.07% of the companies in the same industry.
MAN has a Quick 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.
The Quick ratio of MAN (0.98) is worse than 74.07% 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 -30.37% in the last year.
MAN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -9.54% yearly.
Looking at the last year, MAN shows a decrease in Revenue. The Revenue has decreased by -3.79% in the last year.
MAN shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -3.07% yearly.
EPS 1Y (TTM)-30.37%
EPS 3Y-14.42%
EPS 5Y-9.54%
EPS Q2Q%-40%
Revenue 1Y (TTM)-3.79%
Revenue growth 3Y-4.85%
Revenue growth 5Y-3.07%
Sales Q2Q%-0.03%
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.
The Revenue is expected to grow by 3.21% on average over the next years.
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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 10.74, the valuation of MAN can be described as reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of MAN indicates a rather cheap valuation: MAN is cheaper than 87.65% of the companies listed in the same industry.
MAN is valuated cheaply when we compare the Price/Earnings ratio to 27.29, which is the current average of the S&P500 Index.
MAN is valuated reasonably with a Price/Forward Earnings ratio of 8.56.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MAN indicates a rather cheap valuation: MAN is cheaper than 91.36% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of MAN to the average of the S&P500 Index (22.80), we can say MAN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.74 | ||
| Fwd PE | 8.56 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MAN is valued cheaper than 83.95% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 8.07 |
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
With a Yearly Dividend Yield of 3.78%, MAN has a reasonable but not impressive dividend return.
MAN's Dividend Yield is rather good when compared to the industry average which is at 3.09. MAN pays more dividend than 91.36% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, MAN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.78% |
5.2 History
On average, the dividend of MAN grows each year by 7.20%, which is quite nice.
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%
NYSE:MAN (9/25/2025, 2:35:27 PM)
37.91
-1.21 (-3.09%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)
Earnings (Next)
Inst Owners105.73%
Inst Owner Change2.78%
Ins Owners1.54%
Ins Owner Change0%
Market Cap1.75B
Analysts67.5
Price Target49.6 (30.84%)
Short Float %7.27%
Short Ratio3.46
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.78% |
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)1.57%
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%
Revenue NQ rev (3m)6.17%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.74 | ||
| Fwd PE | 8.56 | ||
| P/S | 0.1 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.88 | ||
| P/tB | 5849.51 | ||
| EV/EBITDA | 8.07 |
EPS(TTM)3.53
EY9.31%
EPS(NY)4.43
Fwd EY11.68%
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 | 2.92 |
F-Score3
WACC8.56%
ROIC/WACC0.74
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)-30.37%
EPS 3Y-14.42%
EPS 5Y-9.54%
EPS Q2Q%-40%
EPS Next Y-35.55%
EPS Next 2Y-1.35%
EPS Next 3Y9.85%
EPS Next 5Y26.51%
Revenue 1Y (TTM)-3.79%
Revenue growth 3Y-4.85%
Revenue growth 5Y-3.07%
Sales Q2Q%-0.03%
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 Year10.03%
EBIT Next 3Y16.59%
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%