XTRA:MAN

Stock Analysis Report

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Executive Summary

MAN SE operates in commercial vehicle industry in Germany and internationally. More Details

Risk Analysis

Debt is not well covered by operating cash flow



Snowflake Analysis

Overvalued with worrying balance sheet.


Similar Companies

Share Price & News

How has MAN's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MAN is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: MAN's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-0.9%

MAN

-0.4%

DE Machinery

0.7%

DE Market


1 Year Return

4.8%

MAN

14.3%

DE Machinery

3.6%

DE Market

Return vs Industry: MAN underperformed the German Machinery industry which returned 14.3% over the past year.

Return vs Market: MAN exceeded the German Market which returned 3.6% over the past year.


Shareholder returns

MANIndustryMarket
7 Day-0.9%-0.4%0.7%
30 Day5.9%5.9%5.5%
90 Day11.4%15.0%12.4%
1 Year5.1%4.8%16.9%14.3%6.9%3.6%
3 Year-47.8%-53.1%-26.9%-31.5%5.4%-3.9%
5 Year-42.1%-51.3%6.4%-5.1%41.6%21.8%

Long-Term Price Volatility Vs. Market

How volatile is MAN's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is MAN undervalued compared to its fair value and its price relative to the market?

1.25x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: MAN (€44.8) is trading above our estimate of fair value (€1.68)

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


Price To Earnings Ratio

PE vs Industry: MAN is unprofitable, so we can't compare its PE Ratio to the DE Machinery industry average.

PE vs Market: MAN is unprofitable, so we can't compare its PE Ratio to the German market.


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 good value based on its PB Ratio (1.2x) compared to the DE Machinery industry average (1.6x).


Next Steps

Future Growth

How is MAN forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

43.5%

Forecasted Capital Goods 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 MAN 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 MAN performed over the past 5 years?

33.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAN is currently unprofitable.

Growing Profit Margin: MAN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MAN is unprofitable, but has reduced losses over the past 5 years at a rate of 33% per year.

Accelerating Growth: Unable to compare MAN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MAN is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-48%).


Return on Equity

High ROE: MAN has a negative Return on Equity (-1.59%), as it is currently unprofitable.


Next Steps

Financial Health

How is MAN's financial position?


Financial Position Analysis

Short Term Liabilities: MAN's short term assets (€5.2B) do not cover its short term liabilities (€7.4B).

Long Term Liabilities: MAN's short term assets (€5.2B) exceed its long term liabilities (€5.0B).


Debt to Equity History and Analysis

Debt Level: MAN's debt to equity ratio (62.6%) is considered high.

Reducing Debt: MAN's debt to equity ratio has increased from 53.1% to 62.6% over the past 5 years.

Debt Coverage: MAN's debt is not well covered by operating cash flow (17.6%).

Interest Coverage: Insufficient data to determine if MAN's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is MAN current dividend yield, its reliability and sustainability?

0.24%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MAN's dividend (0.25%) isn’t notable compared to the bottom 25% of dividend payers in the German market (0.97%).

High Dividend: MAN's dividend (0.25%) is low compared to the top 25% of dividend payers in the German market (3.5%).


Stability and Growth of Payments

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

Growing Dividend: MAN is not paying a notable dividend for the German 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 German 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 German market.


Next Steps

Management

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

1.1yrs

Average management tenure


CEO

Antonio Cortes (65 yo)

no data

Tenure

Mr. Antonio Roberto Cortes serves as the Chairman, Chief Executive Officer, and President at MAN Latin America Ltda. He is a Member of the Executive Board at Traton SE. Mr. Cortes serves as a Member of Man...


Leadership Team

NamePositionTenureCompensationOwnership
Christian Schenk
CFO & Member of Management Board1.25yrs€365.00kno data
Antonio Cortes
Presidentno datano datano data
Andreas Tostmann
CEO & Chairman of Management Board1yrno datano data
Martin Rabe
Chief Personnel Officer and Labour Director & Member of Management Board0.50yrno datano data
Martin Gstaltmeyr
General Counselno datano datano data
Wieland Schmitz
Head of Corporate Communicationsno datano datano data
Michael Beck
Head of Sales and Marketing14.92yrsno datano data
Pia Regensburger
Head of International Communicationsno datano datano data
Martina Papenfuß
Head of Corporate Securityno datano datano data
Josef Dachs
Chief Executive Officer of MAN DWEno datano datano data
Daniel Reinhardt
Head of Communications for MAN Ferrostaalno datano datano data
Christoph Speckamp
Head of Communications - MAN Turbo AGno datano datano data

1.1yrs

Average Tenure

51.5yo

Average Age

Experienced Management: MAN's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Ekkehard Schulz
Deputy Chairman of Supervisory Boardno data€198.00kno data
Michael Behrendt
Member of Supervisory Boardno data€143.00kno data
Angelika Pohlenz
Member of Supervisory Board9.58yrs€107.00kno data
Jürgen Kerner
Deputy Chairman of Supervisory Board7.33yrs€198.00kno data
Erich Schwarz
Employee Representative Member of Supervisory Board11.67yrs€107.00kno data
Karina Schnur
Employee Representative Member of Supervisory Board7.33yrs€122.00kno data
Julia Kuhn-Piech
Member of Supervisory Board5.25yrs€107.00kno data
Athanasios Stimoniaris
Employee Representative Member of Supervisory Board5.5yrs€144.00kno data
Mark Porsche
Member of Supervisory Board5.25yrs€107.00kno data
Matthias Grundler
Chairman of Supervisory Board1yrno datano data
Irmgard Maucher
Employee Representative Member of Supervisory Board4.58yrs€107.00kno data
Annette Danielski
Member of Supervisory Board2.17yrsno datano data

5.4yrs

Average Tenure

51yo

Average Age

Experienced Board: MAN's board of directors are considered experienced (5.4 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

MAN SE's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MAN SE
  • Ticker: MAN
  • Exchange: XTRA
  • Founded: 1758
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: €6.612b
  • Shares outstanding: 147.04m
  • Website: https://www.corporate.man.eu

Number of Employees


Location

  • MAN SE
  • Dachauer Strasse 641
  • Munich
  • Bavaria
  • 80995
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MAGO.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
MAN3DB (Deutsche Boerse AG)Non-Voting Preference SharesDEEURJan 1992
MANDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
0KJBLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
MANXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1992
MAN3XTRA (XETRA Trading Platform)Non-Voting Preference SharesDEEURJan 1992
0KJCLSE (London Stock Exchange)Non-Voting Preference SharesGBEURJan 1992
MANDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
MANG-UETLX (Eurotlx)YesOrdinary SharesITEURJan 1992
MAN3DBATS-CHIXE (BATS 'Chi-X Europe')Non-Voting Preference SharesGBEURJan 1992
MAGO.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDOct 2008
MANCDB (Deutsche Boerse AG)UNSPONSORD ADRDEEUROct 2008
MANDDB (Deutsche Boerse AG)ADRDEEURDec 2010

Biography

MAN SE operates in commercial vehicle industry in Germany and internationally. It operates through two divisions, MAN Truck & Bus and MAN Latin America. The MAN Truck & Bus division manufactures commercial...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 19:15
End of Day Share Price2021/01/21 00:00
Earnings2020/06/30
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.