ENXTPA:MTU

Stock Analysis Report

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Executive Summary

Manitou BF SA designs, develops, manufactures, and provides equipment and services for the construction, agriculture, and industry sectors worldwide. More Details


Snowflake Analysis

Good value with adequate balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

7.0%

MTU

-4.1%

FR Machinery

-1.3%

FR Market


1 Year Return

-1.3%

MTU

8.7%

FR Machinery

-7.5%

FR Market

Return vs Industry: MTU underperformed the French Machinery industry which returned 8.7% over the past year.

Return vs Market: MTU exceeded the French Market which returned -7.5% over the past year.


Shareholder returns

MTUIndustryMarket
7 Day7.0%-4.1%-1.3%
30 Day1.3%-8.1%2.9%
90 Day1.4%-16.2%-1.4%
1 Year-1.3%-1.3%8.9%8.7%-5.5%-7.5%
3 Year-45.7%-48.2%7.8%-3.6%5.9%-3.2%
5 Year42.2%30.4%45.1%27.1%30.8%11.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

13.27x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MTU (€17.08) is trading above our estimate of fair value (€13.71)

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


Price To Earnings Ratio

PE vs Industry: MTU is good value based on its PE Ratio (13.3x) compared to the FR Machinery industry average (20x).

PE vs Market: MTU is good value based on its PE Ratio (13.3x) compared to the French market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: MTU is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: MTU is good value based on its PB Ratio (1x) compared to the FR Machinery industry average (1.3x).


Next Steps

Future Growth

How is Manitou BF forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

24.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MTU's forecast earnings growth (24.6% per year) is above the savings rate (0.6%).

Earnings vs Market: MTU's earnings (24.6% per year) are forecast to grow faster than the French market (23.3% per year).

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

Revenue vs Market: MTU's revenue (4.2% per year) is forecast to grow slower than the French market (6.8% per year).

High Growth Revenue: MTU's revenue (4.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MTU's Return on Equity is forecast to be low in 3 years time (6%).


Next Steps

Past Performance

How has Manitou BF performed over the past 5 years?

20.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MTU has high quality earnings.

Growing Profit Margin: MTU's current net profit margins (2.9%) are lower than last year (4.9%).


Past Earnings Growth Analysis

Earnings Trend: MTU's earnings have grown significantly by 20.7% per year over the past 5 years.

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

Earnings vs Industry: MTU had negative earnings growth (-52.1%) over the past year, making it difficult to compare to the Machinery industry average (-19.2%).


Return on Equity

High ROE: MTU's Return on Equity (7.2%) is considered low.


Next Steps

Financial Health

How is Manitou BF's financial position?


Financial Position Analysis

Short Term Liabilities: MTU's short term assets (€1.0B) exceed its short term liabilities (€480.8M).

Long Term Liabilities: MTU's short term assets (€1.0B) exceed its long term liabilities (€207.3M).


Debt to Equity History and Analysis

Debt Level: MTU's debt to equity ratio (40.3%) is considered high.

Reducing Debt: MTU's debt to equity ratio has increased from 28.7% to 40.3% over the past 5 years.

Debt Coverage: MTU's debt is well covered by operating cash flow (32.2%).

Interest Coverage: MTU's interest payments on its debt are well covered by EBIT (10.8x coverage).


Balance Sheet


Next Steps

Dividend

What is Manitou BF current dividend yield, its reliability and sustainability?

2.11%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MTU's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MTU's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MTU's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MTU's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MTU is not paying a notable dividend for the French market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MTU's dividend in 3 years as they are not forecast to pay a notable one for the French market.


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Michel Denis

6.75yrs

Tenure

€1,083,805

Compensation

Mr. Michel Denis has been the Chief Executive Officer and President of Manitou BF SA since January 13, 2014. Mr. Denis served as Development Director of Johnson Controls MC International S.A. Mr. Denis beg ...


CEO Compensation Analysis

Compensation vs Market: Michel's total compensation ($USD1.28M) is above average for companies of similar size in the French market ($USD640.32K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Michel Denis
President & CEO6.75yrs€1.08mno data
Marcel Braud
Founder & Honorary Chairman3.33yrs€95.83k10.09%
€ 65.9m
Hervé Rochet
CFO & Corporate Secretary15.75yrsno datano data
Laurent Bonnaure
Executive Vice President of Sales & Marketing3.83yrsno datano data
Guillaume Rabel-Suquet
Executive Vice President of Human Resourcesno datano datano data
Maxime Deroch
President of Service & Solutions Divisionno datano datano data
Richard Alton
President of Compact Equipment Products Division3.5yrsno datano data
Elisabeth Ausimour
President of Material Handling & Access Division0.67yrno datano data

3.8yrs

Average Tenure

Experienced Management: MTU's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Marcel Braud
Founder & Honorary Chairman3.33yrs€95.83k10.09%
€ 65.9m
Pierre-Henri Ricaud
Independent Director10.83yrs€57.00kno data
Jacqueline Himsworth
Chairman of the Board3.33yrs€185.85k6.74%
€ 44.0m
Gordon Himsworth
Director22.75yrs€57.00kno data
Sébastien Braud
Director11.33yrs€36.00k0.075%
€ 488.5k
Dominique Bamas
Independent Director6.5yrs€39.00kno data
Christopher Himsworth
Director10.83yrs€39.00kno data
Emilie Fischel
Director3.33yrs€42.00k0.22%
€ 1.5m
Marcel-Claude Braud
Director7.33yrs€30.00kno data
Carole Lajous
Independent Director3.33yrs€33.00kno data
Cécile Guizon
Independent Director3.33yrs€51.00kno data
Stéphane Renaud
Employee Representative Director2.08yrsno datano data

4.9yrs

Average Tenure

59.5yo

Average Age

Experienced Board: MTU's board of directors are considered experienced (4.9 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Manitou BF SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Manitou BF SA
  • Ticker: MTU
  • Exchange: ENXTPA
  • Founded: 1954
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: €653.710m
  • Shares outstanding: 38.27m
  • Website: https://www.manitou.com

Number of Employees


Location

  • Manitou BF SA
  • 430 rue de lAubiniEre
  • BP 10249
  • Ancenis
  • Pays de la Loire
  • 44158
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MTUENXTPA (Euronext Paris)YesCommon SharesFREURJul 1986
0NDALSE (London Stock Exchange)YesCommon SharesGBEURJul 1986
3MUDB (Deutsche Boerse AG)YesCommon SharesDEEURJul 1986
MTUPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURJul 1986

Biography

Manitou BF SA designs, develops, manufactures, and provides equipment and services for the construction, agriculture, and industry sectors worldwide. It operates through three divisions: Material Handling ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/22 20:57
End of Day Share Price2020/10/22 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.