ENXTPA:MAN

Stock Analysis Report

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Manutan International

Executive Summary

Manutan International S.A. operates as a multichannel distributor of equipment for companies and local authorities primarily in Europe. More Details


Snowflake Analysis

Excellent balance sheet established dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: MAN is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MAN's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

2.3%

MAN

5.6%

FR Online Retail

0.8%

FR Market


1 Year Return

-0.7%

MAN

33.4%

FR Online Retail

-2.7%

FR Market

Return vs Industry: MAN underperformed the French Online Retail industry which returned 34.6% over the past year.

Return vs Market: MAN exceeded the French Market which returned -3.4% over the past year.


Shareholder returns

MANIndustryMarket
7 Day2.3%5.6%0.8%
30 Day2.0%15.8%11.0%
90 Day10.1%31.4%10.1%
1 Year3.4%-0.7%54.7%33.4%-0.7%-2.7%
3 Year-19.1%-25.6%-29.2%-51.9%17.3%7.7%
5 Year48.0%29.8%-38.6%-65.3%45.4%25.6%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

9.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MAN (€61) is trading below our estimate of fair value (€67.38)

Significantly Below Fair Value: MAN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MAN is good value based on its PE Ratio (11.2x) compared to the FR Online Retail industry average (30.2x).

PE vs Market: MAN is good value based on its PE Ratio (11.2x) compared to the French market (21x).


Price to Earnings Growth Ratio

PEG Ratio: MAN is poor value based on its PEG Ratio (3.5x)


Price to Book Ratio

PB vs Industry: MAN is good value based on its PB Ratio (1x) compared to the FR Online Retail industry average (2.5x).


Next Steps

Future Growth

How is Manutan International forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

3.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAN's forecast earnings growth (3.2% per year) is above the savings rate (0.6%).

Earnings vs Market: MAN's earnings (3.2% per year) are forecast to grow slower than the French market (25.1% per year).

High Growth Earnings: MAN's earnings are forecast to grow, but not significantly.

Revenue vs Market: MAN's revenue (2.6% per year) is forecast to grow slower than the French market (7.2% per year).

High Growth Revenue: MAN's revenue (2.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MAN's Return on Equity is forecast to be low in 3 years time (7.9%).


Next Steps

Past Performance

How has Manutan International performed over the past 5 years?

10.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAN has high quality earnings.

Growing Profit Margin: MAN's current net profit margins (5.3%) are lower than last year (5.5%).


Past Earnings Growth Analysis

Earnings Trend: MAN's earnings have grown by 10.7% per year over the past 5 years.

Accelerating Growth: MAN's earnings growth over the past year (0.04%) is below its 5-year average (10.7% per year).

Earnings vs Industry: MAN earnings growth over the past year (0.04%) underperformed the Online Retail industry 0.04%.


Return on Equity

High ROE: MAN's Return on Equity (9%) is considered low.


Next Steps

Financial Health

How is Manutan International's financial position?


Financial Position Analysis

Short Term Liabilities: MAN's short term assets (€331.3M) exceed its short term liabilities (€151.4M).

Long Term Liabilities: MAN's short term assets (€331.3M) exceed its long term liabilities (€65.3M).


Debt to Equity History and Analysis

Debt Level: MAN's debt to equity ratio (9.3%) is considered satisfactory.

Reducing Debt: MAN's debt to equity ratio has increased from 0.9% to 9.3% over the past 5 years.

Debt Coverage: MAN's debt is well covered by operating cash flow (143.8%).

Interest Coverage: MAN's interest payments on its debt are well covered by EBIT (183.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Manutan International current dividend yield, its reliability and sustainability?

2.70%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MAN's dividend (2.7%) is higher than the bottom 25% of dividend payers in the French market (1.43%).

High Dividend: MAN's dividend (2.7%) is low compared to the top 25% of dividend payers in the French market (4.88%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.2%), MAN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MAN's dividends in 3 years are forecast to be well covered by earnings (32% payout ratio).


Next Steps

Management

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

9.0yrs

Average management tenure


CEO

Xavier Guichard (47 yo)

7.67yrs

Tenure

€486,969

Compensation

Mr. Xavier Guichard serves as the Chief Executive Officer at Mantuan SA. Mr. Guichard has been General Manager at Manutan International SA since March 12, 2013 and serves as its Group Deputy Chief Executiv...


CEO Compensation Analysis

Compensation vs Market: Xavier's total compensation ($USD578.62K) is about average for companies of similar size in the French market ($USD556.18K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Xavier Guichard
Group CEO & Executive Director7.67yrs€486.97k1.29%
€ 5.9m
Pierre-Olivier Brial
Group Deputy CEO & Executive Director9yrs€462.93k0.033%
€ 151.0k
Brigitte Auffret
Group Deputy CEO9yrs€462.86k0.059%
€ 271.8k
Mathilde Jeantet
Head of Employment Developmentno datano datano data

9.0yrs

Average Tenure

47yo

Average Age

Experienced Management: MAN's management team is seasoned and experienced (9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Xavier Guichard
Group CEO & Executive Director7.67yrs€486.97k1.29%
€ 5.9m
Pierre-Olivier Brial
Group Deputy CEO & Executive Director9yrs€462.93k0.033%
€ 151.0k
Brigitte Auffret
Group Deputy CEO9yrs€462.86k0.059%
€ 271.8k
Jean-Pierre Guichard
Non-Executive Chairman9yrs€450.00k38.54%
€ 176.9m
Jerome Lescure
Independent Director7.67yrs€30.50k0.0013%
€ 6.1k
Carlo d'Asaro Biondo
Independent Director9yrs€25.50k0.0019%
€ 9.0k
Violette Watine
Independent Director6.67yrs€28.00k0.0011%
€ 5.1k
Benoite Kneib
Director3.67yrs€23.00kno data
Sophie Resplandy-Bernard
Independent Director1.83yrs€28.00kno data
Salma Abbouch
Employee Representative Director0.17yrno datano data

8.3yrs

Average Tenure

51yo

Average Age

Experienced Board: MAN's board of directors are considered experienced (8.3 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

Manutan International S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Manutan International S.A.
  • Ticker: MAN
  • Exchange: ENXTPA
  • Founded: 1966
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: €459.054m
  • Shares outstanding: 7.60m
  • Website: https://www.manutan.com

Number of Employees


Location

  • Manutan International S.A.
  • ZAC du parc des Tulipes
  • Avenue du XXIe-Siècle
  • Gonesse
  • Ile-de-France
  • 95506
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MANENXTPA (Euronext Paris)YesCommon SharesFREURJan 1992
0F6ILSE (London Stock Exchange)YesCommon SharesGBEURJan 1992
MANPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURJan 1992

Biography

Manutan International S.A. operates as a multichannel distributor of equipment for companies and local authorities primarily in Europe. It offers a range of products, such as handling, lifting, and storage...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 21:58
End of Day Share Price2020/11/24 00:00
Earnings2020/03/31
Annual Earnings2019/09/30


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.