WBAG:MAN

Stock Analysis Report

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Executive Summary

Josef Manner & Comp. AG manufactures and sells chocolates.

Risk Analysis

Has a high level of debt



Snowflake Analysis

Mediocre balance sheet with questionable track record.

Share Price & News

How has Josef Manner & Comp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MAN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

7.0%

MAN

1.5%

AT Food

5.1%

AT Market


1 Year Return

32.1%

MAN

-0.3%

AT Food

-19.2%

AT Market

Return vs Industry: MAN exceeded the Austrian Food industry which returned -1.2% over the past year.

Return vs Market: MAN exceeded the Austrian Market which returned -19.3% over the past year.


Shareholder returns

MANIndustryMarket
7 Day7.0%1.5%5.1%
30 Day7.0%1.7%0.4%
90 Day5.9%0.5%-14.0%
1 Year33.4%32.1%1.9%-0.3%-18.2%-19.2%
3 Year81.3%78.3%17.2%10.4%-15.1%-21.6%
5 Year138.3%127.7%46.2%32.7%12.6%-1.8%

Price Volatility Vs. Market

How volatile is Josef Manner & Comp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Josef Manner & Comp undervalued compared to its fair value and its price relative to the market?

38.61x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MAN (€107) is trading above our estimate of fair value (€7.42)

Significantly Below Fair Value: MAN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MAN is poor value based on its PE Ratio (38.6x) compared to the Food industry average (17.1x).

PE vs Market: MAN is poor value based on its PE Ratio (38.6x) compared to the Austrian market (10.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MAN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MAN is overvalued based on its PB Ratio (3.5x) compared to the XE Food industry average (1.1x).


Next Steps

Future Growth

How is Josef Manner & Comp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.9%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Josef Manner & Comp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Josef Manner & Comp performed over the past 5 years?

29.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAN has high quality earnings.

Growing Profit Margin: MAN's current net profit margins (2.4%) are lower than last year (2.7%).


Past Earnings Growth Analysis

Earnings Trend: MAN's earnings have grown significantly by 29% per year over the past 5 years.

Accelerating Growth: MAN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MAN had negative earnings growth (-8.3%) over the past year, making it difficult to compare to the Food industry average (-0.6%).


Return on Equity

High ROE: MAN's Return on Equity (9.2%) is considered low.


Next Steps

Financial Health

How is Josef Manner & Comp's financial position?


Financial Position Analysis

Short Term Liabilities: MAN's short term assets (€59.5M) exceed its short term liabilities (€52.9M).

Long Term Liabilities: MAN's short term assets (€59.5M) exceed its long term liabilities (€35.5M).


Debt to Equity History and Analysis

Debt Level: MAN's debt to equity ratio (71.2%) is considered high.

Reducing Debt: MAN's debt to equity ratio has increased from 56.8% to 71.2% over the past 5 years.

Debt Coverage: Insufficient data to determine if MAN's debt is well covered by operating cash flow.

Interest Coverage: MAN's interest payments on its debt are well covered by EBIT (11x coverage).


Balance Sheet


Next Steps

Dividend

What is Josef Manner & Comp's current dividend yield, its reliability and sustainability?

0.37%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MAN's dividend (0.37%) isn’t notable compared to the bottom 25% of dividend payers in the Austrian market (1.73%).

High Dividend: MAN's dividend (0.37%) is low compared to the top 25% of dividend payers in the Austrian market (5.12%).


Stability and Growth of Payments

Stable Dividend: MAN is not paying a notable dividend for the Austrian market, therefore no need to check if payments are stable.

Growing Dividend: MAN is not paying a notable dividend for the Austrian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: MAN is not paying a notable dividend for the Austrian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MAN's dividend in 3 years as they are not forecast to pay a notable one for the Austrian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

13.9yrs

Average board tenure


CEO

Hans Andres

no data

Tenure

Dr. Hans Peter Andres serves as President of the Management Board and Head of Purchase, Material Management & Logistics of Josef Manner & Co AG and has been its Member of Management board since July 01, 19 ...


Board Members

NamePositionTenureCompensationOwnership
Robert Ottel
Member of The Supervisory Board13.92yrsno datano data
Markus Spiegelfeld
Member of Supervisory Board17.92yrsno datano data
Carl Manner
Chairman of Supervisory Board11.83yrsno datano data
Ernst Burger
Vice Chairman of Supervisory Board15.92yrsno datano data
Alfred Pail
Member of Supervisory Board13.92yrsno datano data
Markus Wiesner
Member of Supervisory Board13.92yrsno datano data
Karin Trimmel
Member of Supervisory Board7yrsno datano data
Peter Freudenschuss
Member of Supervisory Boardno datano datano data
Martin Oesterreicher
Member of Supervisory Boardno datano datano data
Gerda Clementi
Member of Supervisory Boardno datano datano data

13.9yrs

Average Tenure

71yo

Average Age

Experienced Board: MAN's board of directors are seasoned and experienced ( 13.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Josef Manner & Comp. AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Josef Manner & Comp. AG
  • Ticker: MAN
  • Exchange: WBAG
  • Founded: 1890
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €202.230m
  • Shares outstanding: 1.89m
  • Website: https://josef.manner.com

Number of Employees


Location

  • Josef Manner & Comp. AG
  • Wilhelminenstrasse 6
  • Vienna
  • Vienna
  • 1170
  • Austria

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MANWBAG (Wiener Boerse AG)YesCommon StockATEURJan 1992
0F6ALSE (London Stock Exchange)YesCommon StockGBEURJan 1992

Biography

Josef Manner & Comp. AG manufactures and sells chocolates. It offers wafers, biscuits, sponge fingers, and gingerbreads. The company provides its products under the Manner, Casali, Napoli, Ildefonso, Dragee Keksi, winak, and Victor Schmidt brands through outlet stores, Manner shops, Manner stores, and an online shop. It exports its products to approximately 50 European and non-European countries. The company was founded in 1890 and is headquartered in Vienna, Austria. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/29 21:27
End of Day Share Price2020/05/28 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.