ENXTPA:MAN

Stock Analysis Report

Manutan International

Executive Summary

Manutan International SA operates as a multichannel distributor of equipment for companies and local authorities primarily in Europe.

Snowflake

Fundamentals

Excellent balance sheet average 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


Market Performance


7 Day Return

1.2%

ENXTPA:MAN

0.8%

FR Online Retail

3.6%

FR Market


1 Year Return

-7.8%

ENXTPA:MAN

-39.3%

FR Online Retail

-0.3%

FR Market

MAN outperformed the Online Retail industry which returned -39.2% over the past year.

MAN underperformed the Market in France which returned -1.7% over the past year.


Share holder returns

MANIndustryMarket
7 Day1.2%0.8%3.6%
30 Day-5.2%-5.5%-2.4%
90 Day14.0%0.04%2.7%
1 Year-5.4%-7.8%-37.6%-39.3%3.1%-0.3%
3 Year34.1%25.7%-59.2%-61.1%41.8%28.0%
5 Year70.4%51.8%71.5%62.5%56.1%33.1%

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 based on future cash flows and its price relative to the stock market?

21%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Manutan International's share price is below the future cash flow value, and at a moderate discount (> 20%).

Manutan International's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Manutan International is good value based on earnings compared to the Europe Online Retail industry average.

Manutan International is good value based on earnings compared to the France market.


Price Based on Expected Growth

Manutan International is poor value based on expected growth next year.


Price Based on Value of Assets

Manutan International is overvalued based on assets compared to the FR Online Retail industry average.


Next Steps

Future Growth

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

5.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Manutan International's revenue is expected to grow by 3.7% yearly, however this is not considered high growth (20% yearly).

Manutan International's earnings are expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).

Manutan International's revenue growth is positive but not above the France market average.

Manutan International's earnings growth is positive but not above the France market average.

Manutan International's earnings growth is expected to exceed the low risk savings rate of 0.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Manutan International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Manutan International performed over the past 5 years?

13.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Manutan International's year on year earnings growth rate has been positive over the past 5 years.

Manutan International's 1-year earnings growth is less than its 5-year average (11.1% vs 13.8%)

Manutan International's earnings growth has not exceeded the Europe Online Retail industry average in the past year (11.1% vs 17.5%).


Return on Equity

Manutan International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Manutan International used its assets more efficiently than the Europe Online Retail industry average last year based on Return on Assets.


Return on Capital Employed

Manutan International has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Manutan International's financial position?


Financial Position Analysis

Manutan International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Manutan International's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Manutan International's level of debt (8.8%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (2% vs 8.8% today).

Debt is well covered by operating cash flow (127.6%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 164.6x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 8.9x debt.


Next Steps

Dividend

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

2.69%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Manutan International's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.58%).

Manutan International's dividend is below the markets top 25% of dividend payers in France (4.57%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.3x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).


Next Steps

Management

What is the CEO of Manutan International's salary, the management and board of directors tenure and is there insider trading?

7.8yrs

Average management tenure


CEO

Xavier Guichard (46yo)

6.4yrs

Tenure

€622,492

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 served as its Deputy Chief Executive Offi ...


CEO Compensation Analysis

Xavier's remuneration is higher than average for companies of similar size in France.

Xavier's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

7.8yrs

Average Tenure

46yo

Average Age

The average tenure for the Manutan International management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

7.1yrs

Average Tenure

52yo

Average Age

The tenure for the Manutan International board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Brigitte Auffret (58yo)

    Deputy CEO

    • Tenure: 7.8yrs
    • Compensation: €572.86k
  • Pierre-Olivier Brial (46yo)

    Deputy CEO & Executive Director

    • Tenure: 7.8yrs
    • Compensation: €570.08k
  • Xavier Guichard (46yo)

    CEO & Executive Director

    • Tenure: 6.4yrs
    • Compensation: €622.49k
  • Mathilde Jeantet

    Head of Employment Development

    • Tenure: 0.0yrs

Board Members

  • Jean-Pierre Guichard (73yo)

    Non-Executive Chairman

    • Tenure: 7.8yrs
    • Compensation: €450.00k
  • Brigitte Auffret (58yo)

    Deputy CEO

    • Tenure: 7.8yrs
    • Compensation: €572.86k
  • Jérôme Lescure (60yo)

    Independent Director

    • Tenure: 6.4yrs
    • Compensation: €35.50k
  • Carlo d'Asaro Biondo (54yo)

    Independent Director

    • Tenure: 7.8yrs
    • Compensation: €33.00k
  • Pierre-Olivier Brial (46yo)

    Deputy CEO & Executive Director

    • Tenure: 7.8yrs
    • Compensation: €570.08k
  • Xavier Guichard (46yo)

    CEO & Executive Director

    • Tenure: 6.4yrs
    • Compensation: €622.49k
  • Violette Watine (43yo)

    Independent Director

    • Tenure: 5.4yrs
    • Compensation: €23.00k
  • Benoîte Kneib (50yo)

    Director

    • Tenure: 2.4yrs
    • Compensation: €23.00k
  • Eléonore Peloux

    Director

    • Tenure: 0.5yrs
  • Sophie Resplandy-Bernard

    Independent Director

    • Tenure: 0.5yrs

Company Information

Manutan International SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Manutan International SA
  • Ticker: MAN
  • Exchange: ENXTPA
  • Founded: 1966
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: €521.376m
  • Shares outstanding: 7.60m
  • Website: https://www.manutan.com

Number of Employees


Location

  • Manutan International SA
  • ZAC du Parc des Tulipes
  • Avenue du 21e 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 SA 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 e ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 20:45
End of Day Share Price2019/08/21 00:00
Earnings2019/03/31
Annual Earnings2018/09/30


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.