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Manitowoc Company

DB:MNGN
Snowflake Description

Mediocre balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MNGN
DB
$656M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

The Manitowoc Company, Inc. provides engineered lifting equipment for the construction industry in the Americas, Europe, Africa, the Middle East, and the Asia Pacific. The last earnings update was 67 days ago. More info.


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MNGN Share Price and Events
7 Day Returns
2.1%
DB:MNGN
3.1%
DE Machinery
1.8%
DE Market
1 Year Returns
-33.5%
DB:MNGN
-18.1%
DE Machinery
-6%
DE Market
MNGN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Manitowoc Company (MNGN) 2.1% 4% 10.3% -33.5% -17.1% -82.5%
DE Machinery 3.1% 10.5% 7% -18.1% -3.3% 18.5%
DE Market 1.8% 4.6% 7.4% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • MNGN underperformed the Machinery industry which returned -18.1% over the past year.
  • MNGN underperformed the Market in Germany which returned -6% over the past year.
Price Volatility
MNGN
Industry
5yr Volatility vs Market

MNGN Value

 Is Manitowoc Company undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Manitowoc Company to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Manitowoc Company.

DB:MNGN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:MNGN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 21%) (41.66%))
1.28
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.28
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.28 * 5.96%)
7.86%

Discounted Cash Flow Calculation for DB:MNGN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Manitowoc Company is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:MNGN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.86%)
2019 26.50 Analyst x2 24.57
2020 56.33 Analyst x3 48.42
2021 62.00 Analyst x3 49.41
2022 66.20 Est @ 6.78% 48.92
2023 69.39 Est @ 4.81% 47.54
2024 71.77 Est @ 3.44% 45.59
2025 73.55 Est @ 2.47% 43.31
2026 74.87 Est @ 1.8% 40.88
2027 75.87 Est @ 1.33% 38.40
2028 76.62 Est @ 1% 35.96
Present value of next 10 years cash flows $423.00
DB:MNGN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $76.62 × (1 + 0.23%) ÷ (7.86% – 0.23%)
$1,006.51
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,006.51 ÷ (1 + 7.86%)10
$472.37
DB:MNGN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $423.00 + $472.37
$895.36
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $895.36 / 35.65
$25.12
DB:MNGN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:MNGN represents 0.83567x of NYSE:MTW
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.83567x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 25.12 x 0.83567
€20.99
Value per share (EUR) From above. €20.99
Current discount Discount to share price of €15.37
= -1 x (€15.37 - €20.99) / €20.99
26.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Manitowoc Company is available for.
Intrinsic value
27%
Share price is €15.37 vs Future cash flow value of €20.99
Current Discount Checks
For Manitowoc Company to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Manitowoc Company's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Manitowoc Company's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Manitowoc Company's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Manitowoc Company's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MNGN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-1.88
NYSE:MTW Share Price ** NYSE (2019-04-18) in USD $18.39
Germany Machinery Industry PE Ratio Median Figure of 38 Publicly-Listed Machinery Companies 18.37x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Manitowoc Company.

DB:MNGN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:MTW Share Price ÷ EPS (both in USD)

= 18.39 ÷ -1.88

-9.76x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Manitowoc Company is loss making, we can't compare its value to the DE Machinery industry average.
  • Manitowoc Company is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Manitowoc Company's expected growth come at a high price?
Raw Data
DB:MNGN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -9.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
83.4%per year
Germany Machinery Industry PEG Ratio Median Figure of 29 Publicly-Listed Machinery Companies 1.77x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Manitowoc Company, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Manitowoc Company's assets?
Raw Data
DB:MNGN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $16.90
NYSE:MTW Share Price * NYSE (2019-04-18) in USD $18.39
Germany Machinery Industry PB Ratio Median Figure of 46 Publicly-Listed Machinery Companies 1.83x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:MNGN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:MTW Share Price ÷ Book Value per Share (both in USD)

= 18.39 ÷ 16.90

1.09x

* Primary Listing of Manitowoc Company.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Manitowoc Company is good value based on assets compared to the DE Machinery industry average.
X
Value checks
We assess Manitowoc Company's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Manitowoc Company has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MNGN Future Performance

 How is Manitowoc Company expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
83.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Manitowoc Company expected to grow at an attractive rate?
  • Manitowoc Company's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Manitowoc Company's earnings growth is expected to exceed the Germany market average.
  • Manitowoc Company's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:MNGN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MNGN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 83.4%
DB:MNGN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 2.7%
Germany Machinery Industry Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Machinery Industry Revenue Growth Rate Market Cap Weighted Average 5.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:MNGN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:MNGN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,992 106 67 7
2020-12-31 1,970 113 59 12
2019-12-31 1,903 78 39 12
DB:MNGN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,847 -513 -67
2018-09-30 1,813 -69 47
2018-06-30 1,762 -12 45
2018-03-31 1,662 14 36
2017-12-31 1,581 -325 10
2017-09-30 1,478 -237 -58
2017-06-30 1,428 -137 -206
2017-03-31 1,492 -71 -212
2016-12-31 1,613 -626 -369
2016-09-30 1,778 -55 -347
2016-06-30 1,866 -46 -238
2016-03-31 1,886 26 -237

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Manitowoc Company's earnings are expected to grow significantly at over 20% yearly.
  • Manitowoc Company's revenue is expected to grow by 2.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:MNGN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Manitowoc Company Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MNGN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.85 2.54 1.33 4.00
2020-12-31 1.67 2.15 1.29 8.00
2019-12-31 0.93 1.35 0.11 6.00
DB:MNGN Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -1.88
2018-09-30 1.33
2018-06-30 1.28
2018-03-31 1.02
2017-12-31 0.28
2017-09-30 -1.65
2017-06-30 -5.91
2017-03-31 -6.11
2016-12-31 -10.70
2016-09-30 -10.13
2016-06-30 -6.97
2016-03-31 -6.96

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Manitowoc Company is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Manitowoc Company's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Manitowoc Company has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MNGN Past Performance

  How has Manitowoc Company performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Manitowoc Company's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Manitowoc Company does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Manitowoc Company's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Manitowoc Company's 1-year growth to the DE Machinery industry average as it is not currently profitable.
Earnings and Revenue History
Manitowoc Company's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Manitowoc Company Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MNGN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,846.80 -66.90 258.40
2018-09-30 1,813.00 47.00 256.70
2018-06-30 1,762.30 45.20 254.50
2018-03-31 1,661.60 36.00 251.60
2017-12-31 1,581.30 10.00 249.20
2017-09-30 1,478.00 -57.60 245.10
2017-06-30 1,428.40 -206.20 255.70
2017-03-31 1,491.50 -211.90 269.70
2016-12-31 1,613.10 -368.60 275.10
2016-09-30 1,778.00 -347.20 295.90
2016-06-30 1,866.40 -237.90 300.50
2016-03-31 1,886.40 -237.10 306.60
2015-12-31 1,865.70 -69.90 316.90
2015-09-30 2,360.00 -25.80 396.90
2015-06-30 2,908.10 78.20 471.40
2015-03-31 3,443.20 129.30 557.40
2014-12-31 2,305.20 -6.50 350.20
2014-09-30 3,953.40 149.30 630.80
2014-06-30 3,979.20 131.00 628.30
2014-03-31 4,003.50 149.30 622.30
2013-12-31 4,048.10 163.30 617.60
2013-09-30 4,060.50 188.50 614.30
2013-06-30 3,995.90 154.30 617.20
2013-03-31 3,956.00 134.00 607.30
2012-12-31 3,913.30 118.00 597.60
2012-09-30 3,798.40 83.10 585.60
2012-06-30 3,786.30 84.60 576.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Manitowoc Company has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Manitowoc Company has efficiently used its assets last year compared to the DE Machinery industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Manitowoc Company improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Manitowoc Company's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Manitowoc Company has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MNGN Health

 How is Manitowoc Company's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Manitowoc Company's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Manitowoc Company is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Manitowoc Company's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Manitowoc Company's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Manitowoc Company Company Filings, last reported 3 months ago.

DB:MNGN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 601.30 273.10 140.30
2018-09-30 678.30 271.40 90.60
2018-06-30 666.00 272.40 83.70
2018-03-31 683.30 273.70 99.40
2017-12-31 677.50 274.90 123.00
2017-09-30 627.90 287.60 29.30
2017-06-30 596.10 289.10 26.30
2017-03-31 570.70 281.50 36.10
2016-12-31 590.50 281.50 69.90
2016-09-30 623.50 308.30 42.90
2016-06-30 751.30 292.20 40.80
2016-03-31 767.90 303.00 87.20
2015-12-31 842.30 1,399.90 31.50
2015-09-30 789.90 1,640.40 75.20
2015-06-30 799.20 1,631.20 67.70
2015-03-31 758.80 1,676.20 68.20
2014-12-31 824.10 1,527.80 68.00
2014-09-30 873.80 1,755.20 74.80
2014-06-30 845.40 1,830.90 103.50
2014-03-31 794.20 1,856.80 78.80
2013-12-31 782.30 1,541.70 54.90
2013-09-30 714.50 1,814.40 87.20
2013-06-30 639.70 1,905.50 94.40
2013-03-31 580.40 1,955.20 104.00
2012-12-31 581.30 1,802.40 73.20
2012-09-30 569.70 2,032.10 71.00
2012-06-30 498.40 2,067.60 59.40
  • Manitowoc Company's level of debt (45.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (197.5% vs 45.4% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Manitowoc Company has less than a year of cash runway based on current free cash flow.
  • Manitowoc Company has less than a year of cash runway if free cash flow continues to grow at historical rates of 32.4% each year.
X
Financial health checks
We assess Manitowoc Company's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Manitowoc Company has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MNGN Dividends

 What is Manitowoc Company's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Manitowoc Company dividends. Estimated to be 0% next year.
If you bought €2,000 of Manitowoc Company shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Manitowoc Company's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Manitowoc Company's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:MNGN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
Germany Machinery Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:MNGN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 5.00
2020-12-31 0.00 5.00
2019-12-31 0.00 5.00
DB:MNGN Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-02-08 0.000 0.000
2017-11-07 0.000 0.000
2017-11-06 0.000 0.000
2017-08-08 0.000 0.000
2017-08-07 0.000 0.000
2017-05-09 0.000 0.000
2017-05-08 0.000 0.000
2017-02-28 0.000 0.000
2015-10-28 0.320 1.276
2014-10-21 0.320 0.423
2013-10-30 0.320 0.306
2013-02-28 0.320 0.411
2012-08-07 0.320 0.538
2011-10-17 0.320 0.683
2010-10-25 0.320 0.596
2009-10-26 0.320 0.719
2009-07-24 0.320 1.007
2009-05-04 0.320 1.384
2009-04-22 0.320 1.457

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Manitowoc Company has not reported any payouts.
  • Unable to verify if Manitowoc Company's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Manitowoc Company's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Manitowoc Company has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Manitowoc Company's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Manitowoc Company's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Manitowoc Company afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Manitowoc Company has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MNGN Management

 What is the CEO of Manitowoc Company's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Barry Pennypacker
COMPENSATION $5,086,182
AGE 57
TENURE AS CEO 3.1 years
CEO Bio

Mr. Barry L. Pennypacker has been Chief Executive Officer and President of The Manitowoc Company, Inc. since March 4, 2016. Mr. Pennypacker served as the Chief Executive Officer and President of Manitowoc Cranes, Inc. at The Manitowoc Company, Inc. since December 29, 2015. He was Founder of Quantum Lean LLC and served as its President and Chief Executive Officer since 2013. He served as an Advisor at KKR & Co. Inc. (formerly, KKR & Co. L.P.). Mr. Pennypacker served as the Chief Executive Officer and President at Gardner Denver, Inc., from January 21, 2008 to July 2012. He served as Vice President of Wabtec Corporation since 2002. He served as Vice President of Performance First and Group Executive of Westinghouse Air Brake Technologies Corporation from 1999 to January 4, 2008. Previously, he served as Vice President of Quality and Performance systems from 1999 to 2004. He served as Director of Manufacturing and Worlwide Operations at Stanley Fastening Systems operating unit of Stanley Works from 1997 to 1999. He is a Practitioner of lean manufacturing principles for almost 20 years in both private and public organizations. He served in a number of senior management positions of increasing responsibility with Danaher Corporation from 1992 to 1997. He has been a Director of The Manitowoc Company, Inc. since March 4, 2016. He served as a Director of Gardner Denver, Inc. from February 19, 2008 to July 2012. Mr. Pennypacker holds an M.B.A. in Operations Research from St. Joseph's University and a Bachelor of Science Degree in Operations Management from Penn State University.

CEO Compensation
  • Barry's compensation has been consistent with company performance over the past year.
  • Barry's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Manitowoc Company management team in years:

1.4
Average Tenure
46
Average Age
  • The average tenure for the Manitowoc Company management team is less than 2 years, this suggests a new team.
Management Team

Barry Pennypacker

TITLE
President
COMPENSATION
$5M
AGE
57
TENURE
3.1 yrs

David Antoniuk

TITLE
Senior VP & CFO
COMPENSATION
$2M
AGE
60
TENURE
2.9 yrs

Tom Doerr

TITLE
Senior VP
COMPENSATION
$1M
AGE
43
TENURE
1.4 yrs

Aaron Ravenscroft

TITLE
Executive Vice President of Cranes
COMPENSATION
$2M
AGE
40
TENURE
3.1 yrs

Peter Ruck

TITLE
Senior Vice President of Business Development
COMPENSATION
$2M
AGE
46
TENURE
1 yrs

Brian Regan

TITLE
VP, Corporate Controller & Principal Accounting Officer
AGE
45
TENURE
0.4 yrs

Ion Warner

TITLE
Vice President of Marketing & Investor Relations

Terrance Collins

TITLE
Senior Vice President of Human Resources & Administration
AGE
53
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Manitowoc Company board of directors in years:

3.1
Average Tenure
59.5
Average Age
  • The tenure for the Manitowoc Company board of directors is about average.
Board of Directors

Ken Krueger

TITLE
Chairman
COMPENSATION
$290K
AGE
62
TENURE
3.5 yrs

Barry Pennypacker

TITLE
President
COMPENSATION
$5M
AGE
57
TENURE
3.1 yrs

Don Condon

TITLE
Independent Director
COMPENSATION
$190K
AGE
67
TENURE
8.8 yrs

Bob Bohn

TITLE
Lead Director
COMPENSATION
$213K
AGE
65

C. Myers

TITLE
Independent Director
COMPENSATION
$190K
AGE
54
TENURE
3.1 yrs

Roy Armes

TITLE
Director
COMPENSATION
$100K
AGE
65
TENURE
0.8 yrs

Anne Cooney

TITLE
Independent Director
COMPENSATION
$183K
AGE
57
TENURE
3.1 yrs

John Pfeifer

TITLE
Independent Director
COMPENSATION
$180K
AGE
53
TENURE
3.1 yrs
Who owns this company?
Recent Insider Trading
  • Manitowoc Company insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
01. Apr 19 Sell Barry Pennypacker Individual 29. Mar 19 29. Mar 19 -12,388 €14.66 €-181,641
01. Apr 19 Sell Aaron Ravenscroft Individual 29. Mar 19 29. Mar 19 -3,191 €14.68 €-46,844
14. Jun 18 Buy Barry Pennypacker Individual 14. Jun 18 14. Jun 18 19,600 €21.63 €423,860
X
Management checks
We assess Manitowoc Company's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Manitowoc Company has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MNGN News

Simply Wall St News

MNGN Company Info

Description

The Manitowoc Company, Inc. provides engineered lifting equipment for the construction industry in the Americas, Europe, Africa, the Middle East, and the Asia Pacific. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile telescopic cranes under the Grove brand; and a line of hydraulically powered telescopic boom trucks under the National Crane brand. The company also provides crane product parts and services; and crane rebuilding, remanufacturing, and training services under the Manitowoc Crane Care brand. Its products are used in various applications, including energy production/distribution and utilities; petrochemical and industrial projects; infrastructure applications, such as road, bridge, and airport construction; and commercial and high-rise residential construction. The Manitowoc Company, Inc. was founded in 1902 and is headquartered in Milwaukee, Wisconsin.

Details
Name: The Manitowoc Company, Inc.
MNGN
Exchange: DB
Founded: 1902
$582,938,529
35,648,526
Website: http://www.manitowoccranes.com
Address: The Manitowoc Company, Inc.
One Park Plaza,
11270 West Park Place,
Milwaukee,
Wisconsin, 53224,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MTW Common Stock New York Stock Exchange US USD 14. Dec 1972
DB MNGN Common Stock Deutsche Boerse AG DE EUR 14. Dec 1972
Number of employees
Current staff
Staff numbers
5,000
Manitowoc Company employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 20:56
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.