ManpowerGroup
Market Cap
€4.2b
Last Updated
2020/12/01 19:10 UTC
Data Sources
Company Financials +
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
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with reasonable growth potential and pays a dividend.
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 is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: MPW's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
-5.8%
MPW
-0.05%
DE Professional Services
1.0%
DE Market
1 Year Return
-12.6%
MPW
2.8%
DE Professional Services
3.8%
DE Market
Return vs Industry: MPW underperformed the German Professional Services industry which returned 1.5% over the past year.
Return vs Market: MPW underperformed the German Market which returned 2.8% over the past year.
Shareholder returns
| MPW | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.8% | -0.05% | 1.0% |
| 30 Day | 27.0% | 8.7% | 13.8% |
| 90 Day | 19.7% | 3.1% | 1.9% |
| 1 Year | -10.1%-12.6% | 4.8%2.8% | 7.1%3.8% |
| 3 Year | -26.5%-31.8% | 24.9%15.6% | 5.2%-3.9% |
| 5 Year | 0.5%-10.1% | 70.0%48.5% | 27.5%9.5% |
Long-Term 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?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MPW (€73) is trading below our estimate of fair value (€204.22)
Significantly Below Fair Value: MPW is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MPW is poor value based on its PE Ratio (58.7x) compared to the XE Professional Services industry average (28x).
PE vs Market: MPW is poor value based on its PE Ratio (58.7x) compared to the German market (23.1x).
Price to Earnings Growth Ratio
PEG Ratio: MPW is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: MPW is good value based on its PB Ratio (1.9x) 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 13 analysts?
43.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MPW's forecast earnings growth (43.2% per year) is above the savings rate (0.2%).
Earnings vs Market: MPW's earnings (43.2% per year) are forecast to grow faster than the German market (26.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MPW's revenue (5.4% per year) is forecast to grow slower than the German market (5.9% per year).
High Growth Revenue: MPW's revenue (5.4% 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 high in 3 years time (20.5%)
Next Steps
Past Performance
How has ManpowerGroup performed over the past 5 years?
-3.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MPW has a large one-off loss of $180.6M impacting its September 30 2020 financial results.
Growing Profit Margin: MPW's current net profit margins (0.5%) are lower than last year (2.3%).
Past Earnings Growth Analysis
Earnings Trend: MPW's earnings have declined by 3.9% 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 (-82.2%) 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 (3.3%) is considered low.
Next Steps
Financial Health
How is ManpowerGroup's financial position?
Financial Position Analysis
Short Term Liabilities: MPW's short term assets ($6.3B) exceed its short term liabilities ($4.3B).
Long Term Liabilities: MPW's short term assets ($6.3B) exceed its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: MPW's debt to equity ratio (41.7%) is considered high.
Reducing Debt: MPW's debt to equity ratio has increased from 32.7% to 41.7% over the past 5 years.
Debt Coverage: MPW's debt is well covered by operating cash flow (95.1%).
Interest Coverage: MPW's interest payments on its debt are well covered by EBIT (13.4x coverage).
Balance Sheet
Next Steps
Dividend
What is ManpowerGroup current dividend yield, its reliability and sustainability?
2.70%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MPW's dividend (2.7%) is higher than the bottom 25% of dividend payers in the German market (1.15%).
High Dividend: MPW's dividend (2.7%) is low compared to the top 25% of dividend payers in the German market (3.65%).
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 high payout ratio (147.7%), MPW's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MPW's dividends in 3 years are forecast to be well covered by earnings (22.1% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
5.3yrs
Average management tenure
CEO
Jonas Prising (55 yo)
6.5yrs
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 ($USD3.98M).
Compensation vs Earnings: Jonas's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 6.5yrs | US$12.55m | 0.42% $ 17.6m | |
| Executive VP | 4.75yrs | US$4.13m | 0.016% $ 659.9k | |
| Senior VP | 7.83yrs | US$1.72m | 0.011% $ 464.3k | |
| Chief Technology Officer | 5.83yrs | no data | no data | |
| Senior VP & Chief Marketing Officer | 3.5yrs | no data | no data | |
| Chief People and Culture Officer | 1.33yrs | no data | 0.0037% $ 152.2k | |
| President of Southern Europe & Talent Solutions Global Brand Leader | 17.83yrs | no data | no data | |
| Regional President of France | 8yrs | no data | no data | |
| Senior Vice President of North America | 3.92yrs | no data | no data | |
| Regional President of North American | 3.33yrs | no data | no data | |
| Chief Talent Scientist | 2.67yrs | no data | no data | |
| Regional President of Latin America | 7.83yrs | no data | no data |
5.3yrs
Average Tenure
54yo
Average Age
Experienced Management: MPW's management team is seasoned and experienced (5.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 6.5yrs | US$12.55m | 0.42% $ 17.6m | |
| Lead Independent Director | 3.5yrs | US$356.86k | 0.039% $ 1.6m | |
| Director | 2.92yrs | US$283.39k | 0.014% $ 600.6k | |
| Independent Director | 13.08yrs | US$283.20k | 0.013% $ 548.1k | |
| Independent Director | 10.25yrs | US$287.91k | 0.039% $ 1.6m | |
| Independent Director | 9.58yrs | US$301.90k | 0.018% $ 755.4k | |
| Independent Director | 4.83yrs | US$298.44k | no data | |
| Independent Director | 13.75yrs | US$275.00k | 0.012% $ 517.6k | |
| Independent Director | 3.92yrs | US$291.95k | no data | |
| Independent Director | 13.5yrs | US$275.00k | 0.032% $ 1.4m | |
| Independent Director | 5.92yrs | US$303.20k | 0.0093% $ 387.9k |
5.9yrs
Average Tenure
64yo
Average Age
Experienced Board: MPW's board of directors are considered experienced (5.9 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.
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$4.985b
- Listing Market Cap: US$4.171b
- Shares outstanding: 57.53m
- Website: https://www.manpowergroup.com
Number of Employees
Location
- ManpowerGroup Inc.
- 100 Manpower Place
- Milwaukee
- Wisconsin
- 53212
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MAN | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | May 1991 |
| MPW | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | May 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/12/01 19:10 |
| End of Day Share Price | 2020/11/30 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.