MANPOWERGROUP INC (MAN) Fundamental Analysis & Valuation

NYSE:MAN • US56418H1005

Current stock price

26.93 USD
-1.79 (-6.23%)
At close:
26.97 USD
+0.04 (+0.15%)
After Hours:

This MAN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. MAN Profitability Analysis

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.
  • MAN had positive earnings in 4 of the past 5 years.
  • Of the past 5 years MAN 4 years 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M

1.2 Ratios

  • With a Return On Assets value of -0.15%, MAN perfoms like the industry average, outperforming 43.02% of the companies in the same industry.
  • MAN has a Return On Equity (-0.65%) which is in line with its industry peers.
  • The Return On Invested Capital of MAN (6.10%) is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for MAN is significantly below the industry average of 13.10%.
Industry RankSector Rank
ROA -0.15%
ROE -0.65%
ROIC 6.1%
ROA(3y)0.88%
ROA(5y)2.12%
ROE(3y)3.39%
ROE(5y)8.12%
ROIC(3y)7.43%
ROIC(5y)9.31%
MAN Yearly ROA, ROE, ROICMAN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15 20

1.3 Margins

  • The Operating Margin of MAN (1.69%) is worse than 60.47% of its industry peers.
  • In the last couple of years the Operating Margin of MAN has declined.
  • MAN has a Gross Margin of 16.69%. This is in the lower half of the industry: MAN underperforms 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 1.69%
PM (TTM) N/A
GM 16.69%
OM growth 3Y-20.79%
OM growth 5Y-4.41%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.51%
GM growth 5Y1.24%
MAN Yearly Profit, Operating, Gross MarginsMAN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15

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3

2. MAN Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MAN is destroying 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.
  • Compared to 1 year ago, MAN has a worse debt to assets ratio.
MAN Yearly Shares OutstandingMAN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
MAN Yearly Total Debt VS Total AssetsMAN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • An Altman-Z score of 2.83 indicates that MAN is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • MAN has a Altman-Z score (2.83) which is comparable to the rest of the industry.
  • MAN has a Debt/Equity ratio of 0.51. This is a neutral value indicating MAN is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.51, MAN perfoms like the industry average, outperforming 43.02% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.51
Debt/FCF N/A
Altman-Z 2.83
ROIC/WACC0.77
WACC7.9%
MAN Yearly LT Debt VS Equity VS FCFMAN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

  • MAN has a Current Ratio of 1.11. This is a normal value and indicates that MAN is financially healthy and should not expect problems in meeting its short term obligations.
  • The Current ratio of MAN (1.11) is worse than 69.77% of its industry peers.
  • MAN has a Quick Ratio of 1.11. This is a normal value and indicates that MAN is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 1.11, MAN is doing worse than 69.77% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.11
Quick Ratio 1.11
MAN Yearly Current Assets VS Current LiabilitesMAN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. MAN Growth Analysis

3.1 Past

  • MAN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -34.73%.
  • MAN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -4.20% yearly.
  • The Revenue has been growing slightly by 0.58% in the past year.
  • The Revenue has been decreasing by -0.05% on average over the past years.
EPS 1Y (TTM)-34.73%
EPS 3Y-29.57%
EPS 5Y-4.2%
EPS Q2Q%-9.8%
Revenue 1Y (TTM)0.58%
Revenue growth 3Y-3.25%
Revenue growth 5Y-0.05%
Sales Q2Q%7.12%

3.2 Future

  • The Earnings Per Share is expected to grow by 39.83% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, MAN will show a small growth in Revenue. The Revenue will grow by 3.13% on average per year.
EPS Next Y26.58%
EPS Next 2Y29.8%
EPS Next 3Y27.57%
EPS Next 5Y39.83%
Revenue Next Year4.59%
Revenue Next 2Y4%
Revenue Next 3Y3.8%
Revenue Next 5Y3.13%

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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
MAN Yearly Revenue VS EstimatesMAN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5 10 15

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7

4. MAN Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 9.07 indicates a reasonable valuation of MAN.
  • Based on the Price/Earnings ratio, MAN is valued cheaply inside the industry as 81.40% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of MAN to the average of the S&P500 Index (26.78), we can say MAN is valued rather cheaply.
  • The Price/Forward Earnings ratio is 7.16, which indicates a rather cheap valuation of MAN.
  • Based on the Price/Forward Earnings ratio, MAN is valued cheaply inside the industry as 89.53% of the companies are valued more expensively.
  • MAN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.54.
Industry RankSector Rank
PE 9.07
Fwd PE 7.16
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MAN indicates a rather cheap valuation: MAN is cheaper than 89.53% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 5.5
MAN Per share dataMAN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 100 200 300

4.3 Compensation for Growth

  • MAN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as MAN's earnings are expected to grow with 27.57% in the coming years.
PEG (NY)0.34
PEG (5Y)N/A
EPS Next 2Y29.8%
EPS Next 3Y27.57%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. MAN Dividend Analysis

5.1 Amount

  • MAN has a Yearly Dividend Yield of 5.01%, which is a nice return.
  • MAN's Dividend Yield is rather good when compared to the industry average which is at 1.86. MAN pays more dividend than 91.86% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, MAN pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.01%

5.2 History

  • The dividend of MAN decreases each year by -8.69%.
  • MAN has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-8.69%
Div Incr Years0
Div Non Decr Years0
MAN Yearly Dividends per shareMAN Yearly Dividends per shareYearly Dividends per share 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.
DP-501.5%
EPS Next 2Y29.8%
EPS Next 3Y27.57%
MAN Yearly Income VS Free CF VS DividendMAN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M

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MAN Fundamentals: All Metrics, Ratios and Statistics

MANPOWERGROUP INC

NYSE:MAN (4/10/2026, 8:04:00 PM)

After market: 26.97 +0.04 (+0.15%)

26.93

-1.79 (-6.23%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)01-29
Earnings (Next)04-16
Inst Owners113.5%
Inst Owner Change0%
Ins Owners1.74%
Ins Owner Change10.53%
Market Cap1.25B
Revenue(TTM)17.96B
Net Income(TTM)-13.30M
Analysts72.5
Price Target40.93 (51.99%)
Short Float %13.52%
Short Ratio4.26
Dividend
Industry RankSector Rank
Dividend Yield 5.01%
Yearly Dividend1.43
Dividend Growth(5Y)-8.69%
DP-501.5%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.23%
Min EPS beat(2)1.14%
Max EPS beat(2)11.32%
EPS beat(4)3
Avg EPS beat(4)3.23%
Min EPS beat(4)-12.39%
Max EPS beat(4)12.86%
EPS beat(8)6
Avg EPS beat(8)2.23%
EPS beat(12)8
Avg EPS beat(12)2.82%
EPS beat(16)10
Avg EPS beat(16)3.05%
Revenue beat(2)1
Avg Revenue beat(2)0.25%
Min Revenue beat(2)-0.25%
Max Revenue beat(2)0.75%
Revenue beat(4)3
Avg Revenue beat(4)1.32%
Min Revenue beat(4)-0.25%
Max Revenue beat(4)2.55%
Revenue beat(8)3
Avg Revenue beat(8)0.08%
Revenue beat(12)4
Avg Revenue beat(12)-0.26%
Revenue beat(16)6
Avg Revenue beat(16)-0.7%
PT rev (1m)-2.13%
PT rev (3m)-4.46%
EPS NQ rev (1m)-0.37%
EPS NQ rev (3m)-0.2%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.1%
Revenue NQ rev (1m)-0.16%
Revenue NQ rev (3m)1.04%
Revenue NY rev (1m)-0.07%
Revenue NY rev (3m)0.95%
Valuation
Industry RankSector Rank
PE 9.07
Fwd PE 7.16
P/S 0.07
P/FCF N/A
P/OCF N/A
P/B 0.61
P/tB 14.72
EV/EBITDA 5.5
EPS(TTM)2.97
EY11.03%
EPS(NY)3.76
Fwd EY13.96%
FCF(TTM)-3.48
FCFYN/A
OCF(TTM)-2.24
OCFYN/A
SpS386.84
BVpS44.37
TBVpS1.83
PEG (NY)0.34
PEG (5Y)N/A
Graham Number54.45
Profitability
Industry RankSector Rank
ROA -0.15%
ROE -0.65%
ROCE 7.72%
ROIC 6.1%
ROICexc 7.83%
ROICexgc 22.15%
OM 1.69%
PM (TTM) N/A
GM 16.69%
FCFM N/A
ROA(3y)0.88%
ROA(5y)2.12%
ROE(3y)3.39%
ROE(5y)8.12%
ROIC(3y)7.43%
ROIC(5y)9.31%
ROICexc(3y)8.87%
ROICexc(5y)11.25%
ROICexgc(3y)23.55%
ROICexgc(5y)32.16%
ROCE(3y)9.45%
ROCE(5y)11.84%
ROICexgc growth 3Y-16.87%
ROICexgc growth 5Y2.97%
ROICexc growth 3Y-19.35%
ROICexc growth 5Y-4.42%
OM growth 3Y-20.79%
OM growth 5Y-4.41%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.51%
GM growth 5Y1.24%
F-Score1
Asset Turnover1.96
Health
Industry RankSector Rank
Debt/Equity 0.51
Debt/FCF N/A
Debt/EBITDA 2.7
Cap/Depr 66.63%
Cap/Sales 0.32%
Interest Coverage 3.11
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.11
Quick Ratio 1.11
Altman-Z 2.83
F-Score1
WACC7.9%
ROIC/WACC0.77
Cap/Depr(3y)71.3%
Cap/Depr(5y)78.14%
Cap/Sales(3y)0.34%
Cap/Sales(5y)0.34%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-34.73%
EPS 3Y-29.57%
EPS 5Y-4.2%
EPS Q2Q%-9.8%
EPS Next Y26.58%
EPS Next 2Y29.8%
EPS Next 3Y27.57%
EPS Next 5Y39.83%
Revenue 1Y (TTM)0.58%
Revenue growth 3Y-3.25%
Revenue growth 5Y-0.05%
Sales Q2Q%7.12%
Revenue Next Year4.59%
Revenue Next 2Y4%
Revenue Next 3Y3.8%
Revenue Next 5Y3.13%
EBIT growth 1Y-0.98%
EBIT growth 3Y-23.36%
EBIT growth 5Y-4.46%
EBIT Next Year76.65%
EBIT Next 3Y32.76%
EBIT Next 5Y31.28%
FCF growth 1Y-162.53%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-133.67%
OCF growth 3YN/A
OCF growth 5YN/A

MANPOWERGROUP INC / MAN Fundamental Analysis FAQ

What is the ChartMill fundamental rating of MANPOWERGROUP INC (MAN) stock?

ChartMill assigns a fundamental rating of 4 / 10 to MAN.


What is the valuation status of MANPOWERGROUP INC (MAN) stock?

ChartMill assigns a valuation rating of 7 / 10 to MANPOWERGROUP INC (MAN). This can be considered as Undervalued.


What is the profitability of MAN stock?

MANPOWERGROUP INC (MAN) has a profitability rating of 2 / 10.


What are the PE and PB ratios of MANPOWERGROUP INC (MAN) stock?

The Price/Earnings (PE) ratio for MANPOWERGROUP INC (MAN) is 9.07 and the Price/Book (PB) ratio is 0.61.


Can you provide the financial health for MAN stock?

The financial health rating of MANPOWERGROUP INC (MAN) is 3 / 10.