The Manitowoc Company, Inc.

DB:MNGN Stock Report

Market Cap: €352.9m

Manitowoc Company Valuation

Is MNGN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MNGN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MNGN (€9.85) is trading below our estimate of fair value (€19.85)

Significantly Below Fair Value: MNGN is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MNGN?

Key metric: As MNGN is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for MNGN. This is calculated by dividing MNGN's market cap by their current revenue.
What is MNGN's PS Ratio?
PS Ratio0.2x
SalesUS$2.18b
Market CapUS$373.40m

Price to Sales Ratio vs Peers

How does MNGN's PS Ratio compare to its peers?

The above table shows the PS ratio for MNGN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.5x
DEZ DEUTZ
0.3x11.6%€557.3m
JST JOST Werke
0.5x4.1%€619.1m
VOS Vossloh
0.7x6.2%€817.3m
WAC Wacker Neuson
0.4x4.9%€925.0m
MNGN Manitowoc Company
0.2x2.4%€373.4m

Price-To-Sales vs Peers: MNGN is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

How does MNGN's PS Ratio compare vs other companies in the DE Machinery Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
HDD Heidelberger Druckmaschinen
0.1x4.3%US$293.62m
SF3 STS Group
0.08x4.2%US$26.12m
GRF Greiffenberger
0.06xn/aUS$4.18m
SCM SCHUMAG
0.04xn/aUS$1.92m
No more companies available in this PS range
MNGN 0.2xIndustry Avg. 0.5xNo. of Companies10PS00.61.21.82.43+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: MNGN is good value based on its Price-To-Sales Ratio (0.2x) compared to the German Machinery industry average (0.5x).

Price to Sales Ratio vs Fair Ratio

What is MNGN's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MNGN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.2x

Price-To-Sales vs Fair Ratio: MNGN is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MNGN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€9.85
€11.83
+20.1%
29.2%€19.00€8.55n/a6
Nov ’25€8.40
€11.72
+39.5%
29.2%€18.46€8.31n/a6
Oct ’25€8.45
€11.88
+40.5%
28.0%€18.32€8.24n/a6
Sep ’25€8.95
€11.88
+32.7%
28.0%€18.32€8.24n/a6
Aug ’25€11.50
€13.00
+13.1%
19.2%€18.36€11.01n/a6
Jul ’25€10.10
€13.95
+38.1%
14.9%€18.51€11.11n/a7
Jun ’25€11.10
€14.50
+30.7%
14.6%€18.56€11.14n/a8
May ’25€11.80
€15.37
+30.3%
15.8%€18.77€11.26n/a8
Apr ’25€13.00
€15.66
+20.5%
11.8%€18.42€13.82n/a8
Mar ’25€12.80
€15.67
+22.5%
11.3%€18.56€13.92n/a9
Feb ’25€14.80
€16.13
+9.0%
13.9%€21.00€13.69n/a9
Jan ’25€15.30
€16.21
+5.9%
14.8%€21.37€13.94n/a9
Dec ’24€13.00
€16.37
+25.9%
15.2%€21.45€13.99n/a9
Nov ’24€12.00
€17.25
+43.8%
14.8%€21.78€14.20€8.409
Oct ’24€14.00
€17.90
+27.8%
14.3%€21.60€14.09€8.459
Sep ’24€15.40
€17.77
+15.4%
12.9%€21.01€13.70€8.9510
Aug ’24€16.20
€16.78
+3.6%
12.2%€20.06€13.68€11.5010
Jul ’24€17.10
€16.20
-5.3%
11.9%€19.96€13.61€10.1010
Jun ’24€13.30
€16.20
+21.8%
11.9%€19.96€13.61€11.1010
May ’24€14.00
€15.31
+9.4%
19.9%€19.14€8.20€11.8010
Apr ’24€15.10
€14.92
-1.2%
22.6%€19.46€8.34€13.0010
Mar ’24€18.00
€13.11
-27.2%
22.2%€18.86€8.49€12.8010
Feb ’24€12.40
€10.97
-11.5%
20.9%€16.39€8.19€14.8010
Jan ’24€8.60
€10.51
+22.2%
23.2%€16.97€8.49€15.3010
Dec ’23€9.15
€10.66
+16.5%
22.9%€17.36€8.68€13.0010
Nov ’23€9.40
€11.95
+27.2%
22.7%€18.23€9.12€12.0010

Analyst Forecast: Target price is less than 20% higher than the current share price.

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