MANPOWERGROUP INC (MAN) Stock Fundamental Analysis
NYSE:MAN - New York Stock Exchange, Inc. - US56418H1005 - Common Stock
Overall MAN gets a fundamental rating of 4 out of 10. We evaluated MAN against 82 industry peers in the Professional Services industry. The financial health of MAN is average, but there are quite some concerns on its profitability. MAN has a valuation in line with the averages, but on the other hand it scores bad on growth. 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 had a positive cash flow from operations.
Each year in the past 5 years MAN has 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 0.45%. This is in the lower half of the industry: MAN underperforms 62.03% of its industry peers.
Looking at the Return On Equity, with a value of 1.75%, MAN is doing worse than 62.03% of the companies in the same industry.
MAN's Return On Invested Capital of 7.10% is in line compared to the rest of the industry. MAN outperforms 50.63% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MAN is below the industry average of 13.48%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.45% | ||
| ROE | 1.75% | ||
| ROIC | 7.1% |
ROA(3y)3%
ROA(5y)2.86%
ROE(3y)11.47%
ROE(5y)10.48%
ROIC(3y)11.09%
ROIC(5y)10.26%
1.3 Margins
The Profit Margin of MAN (0.21%) is worse than 63.29% of its industry peers.
In the last couple of years the Profit Margin of MAN has declined.
MAN has a worse Operating Margin (1.97%) than 65.82% of its industry peers.
In the last couple of years the Operating Margin of MAN has declined.
MAN has a Gross Margin of 17.38%. This is amonst the worse of the industry: MAN underperforms 81.01% of its industry peers.
MAN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.97% | ||
| PM (TTM) | 0.21% | ||
| GM | 17.38% |
OM growth 3Y5.68%
OM growth 5Y-8.54%
PM growth 3Y52.14%
PM growth 5Y-28.62%
GM growth 3Y4.2%
GM growth 5Y1.75%
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.
Compared to 1 year ago, MAN has a worse debt to assets ratio.
2.2 Solvency
MAN has an Altman-Z score of 3.27. This indicates that MAN is financially healthy and has little risk of bankruptcy at the moment.
MAN's Altman-Z score of 3.27 is in line compared to the rest of the industry. MAN outperforms 53.16% of its industry peers.
MAN has a debt to FCF ratio of 9.11. This is a negative value and a sign of low solvency as MAN would need 9.11 years to pay back of all of its debts.
MAN has a worse Debt to FCF ratio (9.11) than 60.76% of its industry peers.
A Debt/Equity ratio of 0.46 indicates that MAN is not too dependend on debt financing.
The Debt to Equity ratio of MAN (0.46) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 9.11 | ||
| Altman-Z | 3.27 |
ROIC/WACC0.76
WACC9.32%
2.3 Liquidity
MAN has a Current Ratio of 1.15. 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 (1.15) is worse than 64.56% of its industry peers.
A Quick Ratio of 1.15 indicates that MAN should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.15, MAN is doing worse than 64.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 |
3. Growth
3.1 Past
The earnings per share for MAN have decreased strongly by -25.11% in the last year.
The Earnings Per Share has been decreasing by -6.64% on average over the past years.
Looking at the last year, MAN shows a decrease in Revenue. The Revenue has decreased by -5.28% in the last year.
Measured over the past years, MAN shows a decrease in Revenue. The Revenue has been decreasing by -2.97% on average per year.
EPS 1Y (TTM)-25.11%
EPS 3Y17.83%
EPS 5Y-6.64%
EPS Q2Q%-6.52%
Revenue 1Y (TTM)-5.28%
Revenue growth 3Y1.66%
Revenue growth 5Y-2.97%
Sales Q2Q%-3.11%
3.2 Future
The Earnings Per Share is expected to grow by 18.15% on average over the next years. This is quite good.
The Revenue is expected to grow by 2.10% on average over the next years.
EPS Next Y-23.04%
EPS Next 2Y-7.07%
EPS Next 3Y4.03%
EPS Next 5Y18.15%
Revenue Next Year-4.95%
Revenue Next 2Y-2.13%
Revenue Next 3Y-0.2%
Revenue Next 5Y2.1%
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
The Price/Earnings ratio is 11.96, which indicates a very decent valuation of MAN.
Based on the Price/Earnings ratio, MAN is valued cheaper than 84.81% of the companies in the same industry.
MAN is valuated cheaply when we compare the Price/Earnings ratio to 27.96, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 11.45, which indicates a very decent valuation of MAN.
MAN's Price/Forward Earnings ratio is rather cheap when compared to the industry. MAN is cheaper than 84.81% of the companies in the same industry.
MAN is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.11, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.96 | ||
| Fwd PE | 11.45 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MAN is valued cheaper than 86.08% of the companies in the same industry.
MAN's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.86 | ||
| EV/EBITDA | 7.67 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-7.07%
EPS Next 3Y4.03%
5. Dividend
5.1 Amount
MAN has a Yearly Dividend Yield of 5.19%, which is a nice return.
Compared to an average industry Dividend Yield of 1.82, MAN pays a better dividend. On top of this MAN pays more dividend than 98.73% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.29, MAN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.19% |
5.2 History
On average, the dividend of MAN grows each year by 7.75%, 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)7.75%
Div Incr Years14
Div Non Decr Years30
5.3 Sustainability
MAN pays out 379.79% of its income as dividend. This is not a sustainable payout ratio.
MAN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP379.79%
EPS Next 2Y-7.07%
EPS Next 3Y4.03%
MANPOWERGROUP INC
NYSE:MAN (1/17/2025, 8:13:36 PM)
After market: 59.54 0 (0%)59.54
+0.2 (+0.34%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)
Earnings (Next)
Inst Owners102.58%
Inst Owner Change0.06%
Ins Owners1.43%
Ins Owner Change8.53%
Market Cap2.79B
Analysts67.06
Price Target71.81 (20.61%)
Short Float %4.36%
Short Ratio3.09
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.19% |
Yearly Dividend2.91
Dividend Growth(5Y)7.75%
DP379.79%
Div Incr Years14
Div Non Decr Years30
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.3%
Min EPS beat(2)-0.91%
Max EPS beat(2)0.31%
EPS beat(4)3
Avg EPS beat(4)5.5%
Min EPS beat(4)-0.91%
Max EPS beat(4)19.97%
EPS beat(8)4
Avg EPS beat(8)1.96%
EPS beat(12)7
Avg EPS beat(12)3.39%
EPS beat(16)11
Avg EPS beat(16)10.89%
Revenue beat(2)0
Avg Revenue beat(2)-0.77%
Min Revenue beat(2)-1.1%
Max Revenue beat(2)-0.44%
Revenue beat(4)1
Avg Revenue beat(4)-0.59%
Min Revenue beat(4)-1.47%
Max Revenue beat(4)0.64%
Revenue beat(8)2
Avg Revenue beat(8)-0.84%
Revenue beat(12)3
Avg Revenue beat(12)-1.28%
Revenue beat(16)6
Avg Revenue beat(16)-0.54%
PT rev (1m)-0.14%
PT rev (3m)-10.13%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-32.48%
EPS NY rev (1m)0%
EPS NY rev (3m)-6.45%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.13%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)-0.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.96 | ||
| Fwd PE | 11.45 | ||
| P/S | 0.15 | ||
| P/FCF | 24.86 | ||
| P/OCF | 15.94 | ||
| P/B | 1.28 | ||
| P/tB | 33.31 | ||
| EV/EBITDA | 7.67 |
EPS(TTM)4.98
EY8.36%
EPS(NY)5.2
Fwd EY8.73%
FCF(TTM)2.39
FCFY4.02%
OCF(TTM)3.73
OCFY6.27%
SpS385.27
BVpS46.36
TBVpS1.79
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.45% | ||
| ROE | 1.75% | ||
| ROCE | 8.99% | ||
| ROIC | 7.1% | ||
| ROICexc | 7.93% | ||
| ROICexgc | 19.37% | ||
| OM | 1.97% | ||
| PM (TTM) | 0.21% | ||
| GM | 17.38% | ||
| FCFM | 0.62% |
ROA(3y)3%
ROA(5y)2.86%
ROE(3y)11.47%
ROE(5y)10.48%
ROIC(3y)11.09%
ROIC(5y)10.26%
ROICexc(3y)13.38%
ROICexc(5y)12.9%
ROICexgc(3y)39.01%
ROICexgc(5y)31.99%
ROCE(3y)14.09%
ROCE(5y)13.07%
ROICexcg growth 3Y14.17%
ROICexcg growth 5Y-1.66%
ROICexc growth 3Y3.56%
ROICexc growth 5Y-9.56%
OM growth 3Y5.68%
OM growth 5Y-8.54%
PM growth 3Y52.14%
PM growth 5Y-28.62%
GM growth 3Y4.2%
GM growth 5Y1.75%
F-Score4
Asset Turnover2.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 9.11 | ||
| Debt/EBITDA | 2.25 | ||
| Cap/Depr | 70.59% | ||
| Cap/Sales | 0.35% | ||
| Interest Coverage | 4.3 | ||
| Cash Conversion | 39.43% | ||
| Profit Quality | 295.01% | ||
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 | ||
| Altman-Z | 3.27 |
F-Score4
WACC9.32%
ROIC/WACC0.76
Cap/Depr(3y)88.36%
Cap/Depr(5y)80.01%
Cap/Sales(3y)0.37%
Cap/Sales(5y)0.33%
Profit Quality(3y)183%
Profit Quality(5y)880.57%
High Growth Momentum
Growth
EPS 1Y (TTM)-25.11%
EPS 3Y17.83%
EPS 5Y-6.64%
EPS Q2Q%-6.52%
EPS Next Y-23.04%
EPS Next 2Y-7.07%
EPS Next 3Y4.03%
EPS Next 5Y18.15%
Revenue 1Y (TTM)-5.28%
Revenue growth 3Y1.66%
Revenue growth 5Y-2.97%
Sales Q2Q%-3.11%
Revenue Next Year-4.95%
Revenue Next 2Y-2.13%
Revenue Next 3Y-0.2%
Revenue Next 5Y2.1%
EBIT growth 1Y-24.52%
EBIT growth 3Y7.44%
EBIT growth 5Y-11.26%
EBIT Next Year4.91%
EBIT Next 3Y10.44%
EBIT Next 5Y16.36%
FCF growth 1Y-76.12%
FCF growth 3Y-32.7%
FCF growth 5Y-8.39%
OCF growth 1Y-68.19%
OCF growth 3Y-28.09%
OCF growth 5Y-6.34%