DB:MPW

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Executive Summary

ManpowerGroup Inc. provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. More Details


Snowflake Analysis

Established dividend payer and good value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0.9%

MPW

2.4%

DE Professional Services

0.2%

DE Market


1 Year Return

-24.3%

MPW

4.8%

DE Professional Services

6.6%

DE Market

Return vs Industry: MPW underperformed the German Professional Services industry which returned 4.8% over the past year.

Return vs Market: MPW underperformed the German Market which returned 6.9% over the past year.


Shareholder returns

MPWIndustryMarket
7 Day0.9%2.4%0.2%
30 Day-9.3%5.0%2.1%
90 Day-5.6%6.0%5.6%
1 Year-22.3%-24.3%7.1%4.8%9.1%6.6%
3 Year-35.0%-39.3%31.7%21.7%6.8%-1.8%
5 Year-12.7%-21.6%91.4%66.8%38.9%20.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

18.72x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MPW (€58.5) is trading above our estimate of fair value (€43.34)

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


Price To Earnings Ratio

PE vs Industry: MPW is good value based on its PE Ratio (18.7x) compared to the XE Professional Services industry average (26x).

PE vs Market: MPW is good value based on its PE Ratio (18.7x) compared to the German market (22.2x).


Price to Earnings Growth Ratio

PEG Ratio: MPW is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: MPW is good value based on its PB Ratio (1.6x) compared to the XE Professional Services industry average (2.2x).


Next Steps

Future Growth

How is ManpowerGroup forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

64.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MPW's forecast earnings growth (64.9% per year) is above the savings rate (0.2%).

Earnings vs Market: MPW's earnings (64.9% per year) are forecast to grow faster than the German market (27.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MPW's revenue (5.9% per year) is forecast to grow slower than the German market (6.1% per year).

High Growth Revenue: MPW's revenue (5.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MPW's Return on Equity is forecast to be low in 3 years time (11.2%).


Next Steps

Past Performance

How has ManpowerGroup performed over the past 5 years?

1.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MPW has a large one-off loss of $101.4M impacting its June 30 2020 financial results.

Growing Profit Margin: MPW's current net profit margins (1.2%) are lower than last year (2.3%).


Past Earnings Growth Analysis

Earnings Trend: MPW's earnings have grown by 1% per year over the past 5 years.

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

Earnings vs Industry: MPW had negative earnings growth (-55.3%) over the past year, making it difficult to compare to the Professional Services industry average (-16.7%).


Return on Equity

High ROE: MPW's Return on Equity (8.7%) is considered low.


Next Steps

Financial Health

How is ManpowerGroup's financial position?


Financial Position Analysis

Short Term Liabilities: MPW's short term assets ($5.9B) exceed its short term liabilities ($3.9B).

Long Term Liabilities: MPW's short term assets ($5.9B) exceed its long term liabilities ($2.0B).


Debt to Equity History and Analysis

Debt Level: MPW's debt to equity ratio (41.5%) is considered high.

Reducing Debt: MPW's debt to equity ratio has increased from 15.4% to 41.5% over the past 5 years.

Debt Coverage: MPW's debt is well covered by operating cash flow (107.5%).

Interest Coverage: MPW's interest payments on its debt are well covered by EBIT (14.2x coverage).


Balance Sheet


Next Steps

Dividend

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

3.09%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MPW's dividend (3.09%) is higher than the bottom 25% of dividend payers in the German market (1.17%).

High Dividend: MPW's dividend (3.09%) is low compared to the top 25% of dividend payers in the German market (3.66%).


Stability and Growth of Payments

Stable Dividend: MPW's dividends per share have been stable in the past 10 years.

Growing Dividend: MPW's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (57.9%), MPW's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MPW's dividends in 3 years are forecast to be well covered by earnings (44.4% payout ratio).


Next Steps

Management

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

5.1yrs

Average management tenure


CEO

Jonas Prising (55 yo)

6.33yrs

Tenure

US$12,545,932

Compensation

Mr. Jonas Prising has been the Chairman and Chief Executive Officer of ManpowerGroup Inc. since December 31, 2015 and May 1, 2014 respectively. Mr. Prising has been the President of The Americas Operations ...


CEO Compensation Analysis

Compensation vs Market: Jonas's total compensation ($USD12.55M) is above average for companies of similar size in the German market ($USD2.50M).

Compensation vs Earnings: Jonas's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jonas Prising
Chairman & CEO6.33yrsUS$12.55m0.42%
$ 14.5m
John McGinnis
Executive VP4.58yrsUS$4.13m0.016%
$ 541.6k
Richard Buchband
Senior VP7.67yrsUS$1.72m0.011%
$ 380.9k
Ganesh Ramakrishnan
Chief Technology Officer5.67yrsno datano data
April Dunn
Senior VP & Chief Marketing Officer3.33yrsno datano data
Michelle Nettles
Chief People and Culture Officer1.17yrsno data0.0036%
$ 125.1k
Stefano Scabbio
President of Southern Europe & Talent Solutions Global Brand Leader17.67yrsno datano data
Alain Roumilhac
Regional President of France7.83yrsno datano data
Michael Stull
Senior Vice President of North America3.75yrsno datano data
Becky Frankiewicz
Regional President of North American3.17yrsno datano data
Tomas Chamorro-Premuzic
Chief Talent Scientist2.5yrsno datano data
Monica Flores
Regional President of Latin America7.67yrsno datano data

5.1yrs

Average Tenure

54yo

Average Age

Experienced Management: MPW's management team is seasoned and experienced (5.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jonas Prising
Chairman & CEO6.33yrsUS$12.55m0.42%
$ 14.5m
William Downe
Lead Independent Director3.33yrsUS$356.86k0.038%
$ 1.3m
Michael Van Handel
Director2.75yrsUS$283.39k0.014%
$ 492.9k
Ulice Payne
Independent Director12.92yrsUS$283.20k0.013%
$ 450.0k
Elizabeth Sartain
Independent Director10.08yrsUS$287.91k0.038%
$ 1.3m
Patricia Hemingway Hall
Independent Director9.42yrsUS$301.90k0.018%
$ 620.5k
John Ferraro
Independent Director4.67yrsUS$298.44kno data
Gina Boswell
Independent Director13.58yrsUS$275.00k0.012%
$ 425.2k
Julie Howard
Independent Director3.75yrsUS$291.95kno data
Cari Dominguez
Independent Director13.33yrsUS$275.00k0.032%
$ 1.1m
Paul Read
Independent Director5.75yrsUS$303.20k0.0092%
$ 318.7k

5.8yrs

Average Tenure

64yo

Average Age

Experienced Board: MPW's board of directors are considered experienced (5.8 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

ManpowerGroup Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ManpowerGroup Inc.
  • Ticker: MPW
  • Exchange: DB
  • Founded: 1948
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Market Cap: US$4.094b
  • Listing Market Cap: US$3.457b
  • Shares outstanding: 58.07m
  • Website: https://www.manpowergroup.com

Number of Employees


Location

  • ManpowerGroup Inc.
  • 100 Manpower Place
  • Milwaukee
  • Wisconsin
  • 53212
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MANNYSE (New York Stock Exchange)YesCommon StockUSUSDMay 1991
MPWDB (Deutsche Boerse AG)YesCommon StockDEEURMay 1991

Biography

ManpowerGroup Inc. provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company offers recruitment services, including p ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/18 02:52
End of Day Share Price2020/09/17 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.