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MANO

Manolete PartnersAIM:MANO Stock Report

Last Price

UK£2.73

Market Cap

UK£117.7m

7D

2.8%

1Y

0.9%

Updated

17 Jan, 2022

Data

Company Financials +
MANO fundamental analysis
Snowflake Score
Valuation1/6
Future Growth5/6
Past Performance1/6
Financial Health5/6
Dividends0/6

MANO Stock Overview

Manolete Partners Plc operates as an insolvency litigation financing company in the United Kingdom.

Price History & Performance

Summary of all time highs, changes and price drops for Manolete Partners
Historical stock prices
Current Share PriceUK£2.73
52 Week HighUK£3.25
52 Week LowUK£1.75
Beta0.94
1 Month Change14.74%
3 Month Change-12.66%
1 Year Change0.93%
3 Year Change39.39%
5 Year Changen/a
Change since IPO40.46%

Recent News & Updates

Aug 27
Manolete Partners (LON:MANO) Is Reducing Its Dividend To UK£0.01

Manolete Partners (LON:MANO) Is Reducing Its Dividend To UK£0.01

Manolete Partners Plc ( LON:MANO ) is reducing its dividend to UK£0.01 on the 7th of October. This payment takes the...

Shareholder Returns

MANOGB Capital MarketsGB Market
7D2.8%-0.7%-0.5%
1Y0.9%-1.9%8.7%

Return vs Industry: MANO exceeded the UK Capital Markets industry which returned -1.9% over the past year.

Return vs Market: MANO underperformed the UK Market which returned 8.7% over the past year.

Price Volatility

Is MANO's price volatile compared to industry and market?
MANO volatility
MANO Average Weekly Movement4.9%
Capital Markets Industry Average Movement4.1%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.5%
10% least volatile stocks in GB Market2.4%

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

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

About the Company

FoundedEmployeesCEOWebsite
200921Steven Cooklinhttps://www.manolete-partners.com

Manolete Partners Plc operates as an insolvency litigation financing company in the United Kingdom. The company focuses on acquiring or funding insolvency litigation cases. Manolete Partners Plc was founded in 2009 and is headquartered in London, the United Kingdom.

Manolete Partners Fundamentals Summary

How do Manolete Partners's earnings and revenue compare to its market cap?
MANO fundamental statistics
Market CapUK£117.69m
Earnings (TTM)UK£2.66m
Revenue (TTM)UK£19.05m

44.8x

P/E Ratio

6.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MANO income statement (TTM)
RevenueUK£19.05m
Cost of RevenueUK£9.70m
Gross ProfitUK£9.35m
ExpensesUK£6.69m
EarningsUK£2.66m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.061
Gross Margin49.09%
Net Profit Margin13.95%
Debt/Equity Ratio26.1%

How did MANO perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

23%

Payout Ratio

Valuation

Is Manolete Partners undervalued compared to its fair value and its price relative to the market?

44.77x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MANO (£2.73) is trading above our estimate of fair value (£2.08)

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


Price To Earnings Ratio

PE vs Industry: MANO is poor value based on its PE Ratio (44.8x) compared to the UK Capital Markets industry average (11x).

PE vs Market: MANO is poor value based on its PE Ratio (44.8x) compared to the UK market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: MANO is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: MANO is overvalued based on its PB Ratio (2.9x) compared to the GB Capital Markets industry average (1.6x).


Future Growth

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

64.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MANO's forecast earnings growth (64.4% per year) is above the savings rate (0.9%).

Earnings vs Market: MANO's earnings (64.4% per year) are forecast to grow faster than the UK market (12.1% per year).

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

Revenue vs Market: MANO's revenue (22.7% per year) is forecast to grow faster than the UK market (4.9% per year).

High Growth Revenue: MANO's revenue (22.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MANO's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Manolete Partners performed over the past 5 years?

16.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MANO has a high level of non-cash earnings.

Growing Profit Margin: MANO's current net profit margins (14%) are lower than last year (30.9%).


Past Earnings Growth Analysis

Earnings Trend: MANO's earnings have grown by 16.2% per year over the past 5 years.

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

Earnings vs Industry: MANO had negative earnings growth (-71.5%) over the past year, making it difficult to compare to the Capital Markets industry average (66.7%).


Return on Equity

High ROE: MANO's Return on Equity (6.5%) is considered low.


Financial Health

How is Manolete Partners's financial position?


Financial Position Analysis

Short Term Liabilities: MANO's short term assets (£44.9M) exceed its short term liabilities (£3.8M).

Long Term Liabilities: MANO's short term assets (£44.9M) exceed its long term liabilities (£19.6M).


Debt to Equity History and Analysis

Debt Level: MANO has more cash than its total debt.

Reducing Debt: MANO's debt to equity ratio has reduced from 69.2% to 26.1% over the past 5 years.

Debt Coverage: MANO's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: MANO's interest payments on its debt are well covered by EBIT (6.4x coverage).


Balance Sheet


Dividend

What is Manolete Partners's current dividend yield, its reliability and sustainability?

0.80%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MANO's dividend (0.8%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.39%).

High Dividend: MANO's dividend (0.8%) is low compared to the top 25% of dividend payers in the UK market (4.05%).


Stability and Growth of Payments

Stable Dividend: MANO is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.

Growing Dividend: MANO is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: MANO is not paying a notable dividend for the UK market.


Future Payout to Shareholders

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


Next Steps

Management

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

2.3yrs

Average board tenure


CEO

Steven Cooklin (55 yo)

13yrs

Tenure

UK£414,250

Compensation

Mr. Steven Cooklin, A.C.A. has been the Managing Director of Calder Corporate Advisory Ltd since June 2003. Mr. Cooklin serves as Chief Executive and Executive Director of Manolete Partners Plc and served...


CEO Compensation Analysis

Compensation vs Market: Steven's total compensation ($USD565.71K) is about average for companies of similar size in the UK market ($USD570.76K).

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


Board Members

Experienced Board: MANO's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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

Manolete Partners Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Manolete Partners Plc
  • Ticker: MANO
  • Exchange: AIM
  • Founded: 2009
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: UK£117.686m
  • Shares outstanding: 43.67m
  • Website: https://www.manolete-partners.com

Number of Employees


Location

  • Manolete Partners Plc
  • 21 Gloucester Place
  • London
  • Greater London
  • W1U 8HR
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 18:55
End of Day Share Price2022/01/17 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.