Manning and Napier Inc (MN)
US56382Q1022 - Common Stock
Overall MN gets a fundamental rating of 4 out of 10. We evaluated MN against 212 industry peers in the Capital Markets industry. The financial health of MN is average, but there are quite some concerns on its profitability. MN has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year MN was profitable.
MN had a positive operating cash flow in the past year.
Each year in the past 5 years MN has been profitable.
In the past 5 years MN always reported a positive cash flow from operatings.
1.2 Ratios
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.93% | ||
| ROE | 18.53% | ||
| ROIC | 20.44% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
In the last couple of years the Profit Margin of MN has grown nicely.
MN's Operating Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.57% | ||
| PM (TTM) | 12.07% | ||
| GM | N/A |
OM growth 3Y14.76%
OM growth 5Y-16.89%
PM growth 3Y98.7%
PM growth 5Y21.97%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
Compared to 1 year ago, MN has more shares outstanding
MN has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 4.33 indicates that MN is not in any danger for bankruptcy at the moment.
MN has a debt to FCF ratio of 0.00. This is a very positive value and a sign of high solvency as it would only need 0.00 years to pay back of all of its debts.
MN has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
Although MN does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 4.33 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
MN has a Current Ratio of 2.96. This indicates that MN is financially healthy and has no problem in meeting its short term obligations.
A Quick Ratio of 2.96 indicates that MN has no problem at all paying its short term obligations.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.96 | ||
| Quick Ratio | 2.96 |
3. Growth
3.1 Past
MN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -13.25%.
MN shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.71% yearly.
MN shows a small growth in Revenue. In the last year, the Revenue has grown by 6.49%.
MN shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -10.17% yearly.
EPS 1Y (TTM)-13.25%
EPS 3Y75.83%
EPS 5Y12.71%
EPS growth Q2Q-64.52%
Revenue 1Y (TTM)6.49%
Revenue growth 3Y-3.36%
Revenue growth 5Y-10.17%
Revenue growth Q2Q-6.32%
3.2 Future
The Earnings Per Share is expected to grow by 288.83% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 5.68% on average over the next years.
EPS Next Y1411.86%
EPS Next 2Y288.83%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year19.61%
Revenue Next 2Y5.68%
Revenue Next 3YN/A
Revenue Next 5YN/A
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 15.67, MN is valued correctly.
MN is valuated rather cheaply when we compare the Price/Earnings ratio to 28.02, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 14.40 indicates a correct valuation of MN.
When comparing the Price/Forward Earnings ratio of MN to the average of the S&P500 Index (20.58), we can say MN is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.67 | ||
| Fwd PE | 14.4 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.1 | ||
| EV/EBITDA | 4.33 |
4.3 Compensation for Growth
The 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 MN's earnings are expected to grow with 288.83% in the coming years.
PEG (NY)0.01
PEG (5Y)1.23
EPS Next 2Y288.83%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.58%, MN has a reasonable but not impressive dividend return.
MN's Dividend Yield is slightly below the S&P500 average, which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.58% |
5.2 History
The dividend of MN decreases each year by -32.14%.
MN has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-32.14%
Div Incr YearsN/A
Div Non Decr YearsN/A
5.3 Sustainability
MN pays out 21.52% of its income as dividend. This is a sustainable payout ratio.
DP21.52%
EPS Next 2Y288.83%
EPS Next 3YN/A
Manning and Napier Inc
NYSE:MN (10/20/2022, 7:04:00 PM)
After market: 12.85 0 (0%)12.85
+0.02 (+0.16%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap245.75M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.58% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.67 | ||
| Fwd PE | 14.4 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.01
PEG (5Y)1.23
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.93% | ||
| ROE | 18.53% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 20.57% | ||
| PM (TTM) | 12.07% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.91
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.96 | ||
| Quick Ratio | 2.96 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-13.25%
EPS 3Y75.83%
EPS 5Y
EPS growth Q2Q
EPS Next Y1411.86%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)6.49%
Revenue growth 3Y-3.36%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y