MANPOWERGROUP INC (MAN) Stock Fundamental Analysis
USA - NYSE:MAN - US56418H1005 - Common Stock
34.66 USD
+0.73 (+2.15%)
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.
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.
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 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
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 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
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.
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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.9 |
ROIC/WACC0.79
WACC8.07%
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 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.
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.
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.29 | ||
| Fwd PE | 7.83 |
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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 7.38 |
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.
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 Rank | Sector 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
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 (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)
Earnings (Next)
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 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 | 11.29 | ||
| 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 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%