Manitou BF
Market Cap
€654.5m
Last Updated
2019/10/18 20:40 UTC
Data Sources
Company Financials +
Executive Summary
Manitou BF SA operates as a rough-terrain material handling company that engages in the design, production, distribution, and servicing of equipment for the construction, agriculture, and industry sectors worldwide.
Snowflake
Fundamentals
Undervalued with solid track record and pays a dividend.
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
Market Performance
7 Day Return
-4.4%
MTU
2.1%
FR Machinery
-0.4%
FR Market
1 Year Return
-39.7%
MTU
-8.7%
FR Machinery
9.5%
FR Market
Return vs Industry: MTU underperformed the French Machinery industry which returned -8.7% over the past year.
Return vs Market: MTU underperformed the French Market which returned 9.5% over the past year.
Shareholder returns
| MTU | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.4% | 2.1% | -0.4% |
| 30 Day | -11.4% | -0.1% | 0.06% |
| 90 Day | -36.0% | -3.1% | 0.04% |
| 1 Year | -37.8%-39.7% | 1.6%-8.7% | 13.3%9.5% |
| 3 Year | 14.3%7.3% | 54.4%36.7% | 42.5%28.7% |
| 5 Year | 68.8%51.5% | 39.5%23.0% | 71.0%45.0% |
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
1 day ago | Simply Wall St
With EPS Growth And More, Manitou BF (EPA:MTU) Is Interesting1 week ago | Simply Wall St
Here's What You Should Know About Manitou BF SA's (EPA:MTU) 4.7% Dividend Yield2 weeks ago | Simply Wall St
Manitou BF (EPA:MTU) Shareholders Have Enjoyed A 47% Share Price GainValuation
Is Manitou BF undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: MTU (€16.5) is trading below our estimate of fair value (€98.65)
Significantly Undervalued: MTU is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MTU is good value based on its PE Ratio (6.1x) compared to the Machinery industry average (11x).
PE vs Market: MTU is good value based on its PE Ratio (6.1x) compared to the French market (17.5x).
Price to Earnings Growth Ratio
Low PEG Ratio: MTU is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: MTU is good value based on its PB Ratio (1.1x) 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 8 analysts?
3.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MTU's forecast earnings growth (3.6% per year) is above the savings rate (0.7%).
Earnings vs Market: MTU's earnings (3.6% per year) are forecast to grow slower than the French market (11.5% per year).
High Growth Earnings: MTU's earnings are forecast to grow, but not significantly.
Revenue vs Market: MTU's revenue (2.2% per year) is forecast to grow slower than the French market (4.4% per year).
High Growth Revenue: MTU's revenue (2.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: MTU's Return on Equity is forecast to be low in 3 years time (13.5%).
Next Steps
Past Performance
How has Manitou BF performed over the past 5 years?
29.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: MTU's earnings have grown significantly by 29.6% per year over the past 5 years.
Accelerating Growth: MTU's earnings growth over the past year (45.4%) exceeds its 5-year average (29.6% per year).
Earnings vs Industry: MTU earnings growth over the past year (45.4%) exceeded the Machinery industry -4.8%.
Return on Equity
High ROE: MTU's Return on Equity (16.5%) is considered low.
Return on Assets
ROA vs Industry: MTU has a higher Return on Assets than the Machinery industry average last year.
Return on Capital Employed
ROCE Improving: MTU has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Manitou BF's financial position?
Financial Position Analysis
Short Term Liabilities: MTU's short term assets (€1.2B) exceeds its short term liabilities (€652.1M)
Long Term Liabilities: MTU's short term assets (1.2B) exceeds its long term liabilities (214.7M)
Debt to Equity History and Analysis
Debt Level: MTU's debt to equity ratio (45.3%) is considered high
Reducing Debt: MTU's debt to equity ratio has increased from 26.7% to 45.3% over the past 5 years.
Debt Coverage: MTU's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MTU's interest payments on its debt are well covered by EBIT (72x coverage).
Balance Sheet
Inventory Level: MTU has a high level of physical assets or inventory.
Debt Coverage by Assets: MTU's debt is covered by short term assets (assets are 4.205710x debt).
Next Steps
Dividend
What is Manitou BF's current dividend yield, its reliability and sustainability?
4.73%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: MTU's dividend (4.73%) is higher than the bottom 25% of dividend payers in the French market (1.56%).
High Dividend: MTU's dividend (4.73%) is in the top 25% of dividend payers in the French market (4.72%)
Stable Dividend: MTU has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: MTU's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (28.9%), MTU's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MTU's dividends in 3 years are forecast to be well covered by earnings (34.1% payout ratio).
Next Steps
Management
What is the CEO of Manitou BF's salary, the management and board of directors tenure and is there insider trading?
4.3yrs
Average management tenure
CEO
Michel Denis 0
5.8yrs
Tenure
€1,393,647
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 ($USD1.55M) is about average for companies of similar size in the French market ($USD673.45K).
Compensation vs Earnings: Michel's compensation has increased by more than 20% in the past year.
Management Age and Tenure
4.3yrs
Average Tenure
Experienced Management: MTU's management team is considered experienced (4.3 years average tenure).
Board Age and Tenure
5.9yrs
Average Tenure
62yo
Average Age
Experienced Board: MTU's board of directors are considered experienced (5.9 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Michel Denis
President & CEO
- Tenure: 5.8yrs
- Compensation: €1.39m
Marcel Braud (87yo)
Founder & Honorary Chairman
- Tenure: 2.3yrs
- Compensation: €95.83k
Hervé Rochet
CFO & Corporate Secretary
- Tenure: 14.8yrs
Laurent Bonnaure
Executive Vice President of Sales & Marketing
- Tenure: 2.8yrs
Fernand Mira
President of Material Handling & Access Division
- Tenure: 0yrs
Maxime Deroch
President of Service & Solutions Division
- Tenure: 0yrs
Guillaume Rabel-Suquet
Executive Vice President of Human Resources
- Tenure: 0yrs
Richard Alton
President of Compact Equipment Products Division
- Tenure: 2.5yrs
Board Members
Marcel Braud (87yo)
Founder & Honorary Chairman
- Tenure: 2.3yrs
- Compensation: €95.83k
Pierre-Henri Ricaud (64yo)
Independent Director
- Tenure: 9.8yrs
- Compensation: €63.00k
Jacqueline Himsworth (76yo)
Chairman of the Board
- Tenure: 2.3yrs
- Compensation: €203.79k
Gordon Himsworth (81yo)
Director
- Tenure: 21.8yrs
- Compensation: €54.00k
Sébastien Braud (50yo)
Director
- Tenure: 10.3yrs
- Compensation: €54.00k
Dominique Bamas (60yo)
Independent Director
- Tenure: 5.5yrs
- Compensation: €64.50k
Christopher Himsworth (48yo)
Director
- Tenure: 9.8yrs
- Compensation: €51.00k
Emilie Fischel (38yo)
Director
- Tenure: 2.3yrs
- Compensation: €45.00k
Marcel-Claude Braud (67yo)
Director
- Tenure: 6.3yrs
- Compensation: €42.00k
Carole Lajous (55yo)
Independent Director
- Tenure: 2.3yrs
- Compensation: €48.00k
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: 1953
- Industry: Construction Machinery and Heavy Trucks
- Sector: Capital Goods
- Market Cap: €654.529m
- Shares outstanding: 39.67m
- Website: https://www.manitou.com
Number of Employees
Location
- Manitou BF SA
- 430 rue de l’Aubinière
- BP 10249
- Ancenis
- Pays de la Loire
- 44158
- France
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MTU | ENXTPA (Euronext Paris) | Yes | Common Shares | FR | EUR | Jul 1986 |
| 0NDA | LSE (London Stock Exchange) | Yes | Common Shares | GB | EUR | Jul 1986 |
| 3MU | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jul 1986 |
| MTUP | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Shares | GB | EUR | Jul 1986 |
Biography
Manitou BF SA operates as a rough-terrain material handling company that engages in the design, production, distribution, and servicing of equipment for the construction, agriculture, and industry sectors ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/18 20:40 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.